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Re: [EquisMetaStock Group] Help with writing an Explorer in MS

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Hi Chorlton
 
 
>Can I ask what you mean by deciding on a filter setting?  Surely in
the filter I would write colA AND colB;  or am I missing something?
 
It wasn't clear (to me at least) whhether you wanted "colA AND colB" or "colA AND colB",
or possibly including another factor consideration from column C. You're clear on what's
needed and you know how to do it so that's all that matters.

> Also, can you explain what the indicator is for. Sorry for the
questions but I'm still trying to learn the MS language and in this
example I can't understand why the indicator is needed :-/
 
The indicator is so that you can see on a chart what's really happening rather than try and
visualize in your head what you think is happening. When you're in doubt about how to perform
some task in an exploration it's a good idea to create an indicator first. Then you can see on a
chart if, when and where the result does not conform to what you trying to achieve.
 
Even experienced users transfer exploration columns to indicators from time to time in order to
check their logical operation at times - it's very useful technique. After all, an exploration column
is really just an indicator from which you get to "see" just the value for the last bar. Use the
indicator technique to make life and learning with MetaStock a little easier.
 
 
Regards
 
Roy
 


Thanks Roy,

Chorlton









--- In equismetastock@xxxxxxxxxxxxxxx, "Roy Larsen" <rlarsen@xxxx>
wrote:
>
> Hi Chorlton
>
>
> Try this for the exploration. You'll need to decide on a filter
setting.
>
> {colA}
> (H-L)>=4*Abs(O-C) AND H<>L;
>
> {colB}
> A:=(H-L)>=4*Abs(O-C) AND H<>L;
> Sum(A,30)>11;
>
> {filter}
> {as required}
>
>
> Use this indicator to see what the binary (logical) result from
each expression is.
>
> {New Indicator}
> A:=(H-L)>=4*Abs(O-C) AND H<>L;
> A+1.1;
> Sum(A,30)>11;
>
>
> Regards
>
> Roy
> www.metastocktips.co.nz
>
>
> ----- Original Message -----
> From: chorlton_c_hardy
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Wednesday, December 14, 2005 11:51 AM
> Subject: [EquisMetaStock Group] Help with writing an Explorer in MS
>
>
> Hello All,
>
> Can anyone offer any help on writing an Explorer which meets the
> following criteria:
>
> Select stocks which have:
>
> 1) the Overall Spread (difference between High & Low) is >= 4x the
> difference between the Open & Close
>
> An example of a stock meeting the criteria would be one where:
>
> High=120, Low=55, Open=88, Close=100 
> H(120)-L(55)=65, C(100)-O(88)=12
> 65 > 48 (4*12)
>
>
> 2) The above pattern (which is for 1day) has occurred 12 times in
> the last 30 periods
>
>
>
> Basically, I want to do a search for stocks which regularly reach
> extended highs & lows but open & close within a short range AND
have
> followed this pattern for a number of days within a set period.
Does
> this make sense??
>
>
> Any help would be appreciated as I'm getting a bit comfused trying
> to code it.
>
> Thanks,
>
> Chorlton
>
>
>
>
>
>
>
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