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Thanks for the reply Tim,
This may sound like a stupid question but how do I apply the code
that you have written into the Price Oscillator?
I have tried to enter it into the Indicator Builder but it returns
an error message as its expecting a " ??!!??
Sorry is this is basic stuff but my knowledge of Metastock is very
limited.
Many Thanks,
Chorlton
--- In equismetastock@xxxxxxxxxxxxxxx, "Tim" <prez@xxxx> wrote:
>
> 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
>
>
>
>
>
>
>
>
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