Hi Cholrton,
The indictor that you are describing is
called a Price Oscillator and is available stock standard in Metastock.
The only thing you can’t do with it
is apply a moving average to the Price Oscillator indicator output,
that is unless you create your own custom indicator.
Below is some code that will allow you to
achieve this.
Pd1:=Input(“Short
MA Period”,1,50,3);
Pd2:=Input(“Long
MA Period”,5,100,9);
Pd3:=Input(“Oscillator
MA Period”,5,100,16);
Osc:=OscP(Pd1,Pd2,E,$);
OMA:=Mov(Osc,PD3,E);
Osc;OMA;
Regards,
Tim Hyder
-------------------------------------------------------
A successful man is one
who can build a firm
foundation with the
bricks that others throw at him.
David Brinkley
-------------------------------------------------------
From:
equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx] On Behalf Of chorlton_c_hardy
Sent: Friday, 14 October 2005
02:47
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group]
Help with creating 2 Momentum Indicators
Hi All,
Can anyone help me !!!
I want to create a new oscillator in Metastock,
which will contain 2
lines as momentum indicators and would welcome any
help regarding
creating these.
The basic idea is that I want to plot a line,
which is the result of
one Moving Average deducted from another Moving
Average and plot the
net result (either a positive or negative number)
as a line on the
chart.
The formula for the 1st line on the Oscillator
should be:
3 day MA of closing price minus 9 day MA of
closing price
(if this is working properly then hopefully the
line should rise
above the horizontal 0, if the price over the last
few days has been
moving up faster than the price for the last
couple of weeks &
obviously below it if it hasn't)
The 2nd line on the Oscillator should be:
16 day MA of the 1st Oscillator line (which has
just been plotted)
Can anyone help me in putting this all together
:-/ as my current
knowledge of Metastock is limited.
Many Thanks in advance,
Chorlton
SPONSORED LINKS
YAHOO! GROUPS LINKS