Metastock Formulas & Technical Indicators
Posted by admin on 07/26/07 in Stock Education
Metastock formulas - combining stochastics with moving averages
Metastock is one of the best softwares to scan for technical signals. There are many technical indicators to choose from such as moving averages, RSI, parabolic SAR, bollinger band, ADX line, directional movement index, stochastics, MACD and MACD histogram.
You can set up your own metastock formulas to look for specific technical signals for singapore, malaysia or hong kong stock price movements. Combining the technical indicators with candlestick charts and trendline for stock prices can further improve your trading accuracies.
I will share with you here one of my favourite formulas. It's a simple and yet effective metastock formula :
Mov(C,13,E)> Mov(C,26,E) AND Cross(Stoch(5,3), (Mov((Stoch(5,3)),3,S))) AND Stoch(5,3)<25
What does the above formula do? Well it basically scans for uptrend stocks (with 13 days above 26 days exponential moving averages) which maybe be temporarily sold down (stochastics at oversold level and cutting up again) and could be due for a rebound. So look for the most recent resistance and wait for the breakout to trigger buy signal.
Happy Trading.
Article by Stephen Yong
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