Close Above Median Price - Metastock Formula

by The Strategic Electronic Day Trader.

This exploration is designed to find those stocks where the close is above the median price over the past five days. It matches the steps in Dels book "The Strategic Electronic Day Trader".

Col A: CLOSE - MP()

Col B: (Ref(CLOSE,-1))-(Ref( MP() ,-1))

Col C: (Ref(CLOSE,-2))-(Ref( MP() ,-2))

Col D: (Ref(CLOSE,-3))-(Ref( MP() ,-3))

Col E: (Ref(CLOSE,-4))-(Ref( MP() ,-4))



Filter: colA>=0 AND colB>=0 AND colC>=0 AND colD>=0 AND colE>=0



The filter in the exploration only shows those stiocks that have the strongest bullish bias over all 5 days. By removing the filter all stocks will be shown. Ranking the first colum will then allow you to estaboish the overall score for each stock.