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Roy thanks v/much for the help with the formula. I set up my exploration
with it and it works a treat, now I can start taking it a step further and
try and devolop formulas from that first one. I just have trouble getting
around the syntax. But with practise I'm sure it will come eventually.
Thanks again.
Brian
----- Original Message -----
From: "Roy Larsen" <rlarsen@xxxxxxxxxxxxxx>
To: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: Saturday, October 18, 2003 1:12 PM
Subject: Re: [Metastockusers] formula
> Brian
>
> > I have been using metastock for a while but I am new to formula writing.
> > I would appreciate it if some one could help me with a simple formula.
> > This is an exploration filter I require.
> > RSI >35 <45, todays price higher than yesterdays price, volume increase
> 5%.
> > Thanks in advance.
> > Brian
>
> For versions 7.2 and above.
> RSI(C,14)>35 AND RSI(C,14)<45 AND C>Ref(C,-1) AND V>Ref(V,-1)*1.05
>
> For versions below 7.2 (I think)
> RSI(14)>35 AND RSI(14)<45 AND C>Ref(C,-1) AND V>Ref(V,-1)*1.05
>
> The correct syntax for RSI in our version can be found in the User Manual.
>
> Note that you will need to set the number of periods for RSI to whatever
you
> require.
>
> Use the appropriate code above as an indicator initially so that you can
> verify it is functioning correctly. Expecting untested code to work first
> time in the Explorer is going to make you very frustrated when you don't
get
> the results you expect. The Explorer is not a good tool for testing or
> troubleshooting code - the Indicator Builder is the appropriate tool to
use
> until you are happy that it's right. Then you can transfer the indicator
(in
> most cases) to an Explorer column or filter and delete the temporary
> indicator.
>
> Also make sure that you DO NOT use "Load Minimum Records" for your
> exploration. RSI() contains Wilders Smoothing (a form of exponential MA)
> which means that an explored RSI() requires about 5 times the periods
value
> specified for RSI() to be accurate to within 3 or 4 decimal places of the
> charted value which is using every bar loaded.
>
> Roy
>
>
>
>
>
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>
>
>
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>
>
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