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Thanks Larry,
I shall give it a go........ Much appreciated :-)
Chorlton
--- In equismetastock@xxxxxxxxxxxxxxx, "Larry Carhartt" <lc@xxxx>
wrote:
>
> Hi Chorlton,
>
> If I understand what you want, here it is
>
> Osc:=Mov(C,3,S) - Mov(C,9,S);
> Osc;
> Mov(Osc,16,S);
>
> This will plot the two lines you wanted. If you want to chart a
zero line
> also, one simple way to do it is to plot the indicator, right
click on the
> plotted line (either one) and chose properties. Choose
the "Horizontal
> Lines" tab, enter 0, then "Add" and "OK".
>
> Good luck.
>
> Best,
>
> Larry Carhartt
>
> MasterDATA Composite Plug-in For MetaStock
> The Only Source for Index & ETF Composite/Breadth Historical
MetaStock Data
> www.MasterDATA4MetaStock.com
> lc@xxxx
> 818-701-6686
>
> -----Original Message-----
> From: equismetastock@xxxxxxxxxxxxxxx
[mailto:equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of chorlton_c_hardy
> Sent: Thursday, October 13, 2005 10:47 AM
> 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
>
>
>
>
>
>
>
>
>
>
> Yahoo! Groups Links
>
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