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Hi Vinod
If this oscillator is already stored as an
indicator in MetaStock then you can call the indicator in the exploration
filter using the Fml() function, like this perhaps... Fml("Kaufman
Market Efficiency Ratio")>0
As written the formula has ZERO as the last of two
outputs, and it would therefore reject all securities because zero cannot
be greater than zero. By reversing the order of "MER" and "0" the last output is
changed to MER and this can be tested for greater than zero. Remember, when
using formulas with multiple outputs (plots or results) only the last output is
recognised by an exploration. That's unless you call a named variable and test
it, like this maybe...
FmlVar("Kaufman Market Efficiency
Ratio","MER")>0
When calling a named variable with FmlVar() it
doesn't matter where it is generated in the formula, but when you're calling the
formula with Fml() the value that's returned to the exploration is always
the last output. Similarly, the filter can only test the last output of an
exploration column.
If the formula is not stored as an indicator then
you can insert the following code into an exploration.
pds:= 8;
Speed:= C - Ref(C,
-pds);
Volatility:= Sum(Abs(C - Ref(C, -1)),pds);
Efficiency:= Speed /
Volatility;
MER:= Mov(Mov(Efficiency, 5,E),3,E);
MER>0
If I was setting up the exploration for myself I
would create the indicator and name it "Kaufman Market Efficiency Ratio". (not
retaining the braces {} as part of the indicator name)
{Kaufman Market Efficiency
Ratio}
pds:=
Input("Periods",3,200,8);
Speed:= C - Ref(C, -pds);
Volatility:=
Sum(Abs(C - Ref(C, -1)),pds);
Efficiency:= Speed / Volatility;
MER:=
Mov(Mov(Efficiency, 5,E),3,E);
0;
MER;
And my exploration would look like the one below
(I've tested it and it works as intended). This exploration will return the
formula value in column A, a TRUE or FALSE result on column B, and the filter
eliminates all securities reporting a FALSE in column B.
{colA}
Fml("Kaufman Market Efficiency
Ratio");
{colB}
Fml("Kaufman Market Efficiency
Ratio")>0;
{Filter}
colB
Hope this helps.
Regards
Roy
----- Original Message -----
Sent: Friday, March 06, 2009 8:12
PM
Subject: [EquisMetaStock Group]
Exploration
Hi,
Can anyone pls help me make an exploration to find stocks whose
value is abv Zero(0) with the following formula
pds:=
Input("Periods",3,200,8);
Speed:= C - Ref(C,
-pds);
Volatility:= Sum(Abs(C - Ref(C, -1)),pds);
Efficiency:= Speed /
Volatility;
MER:= Mov(Mov(Efficiency, 5,E),3,E);
MER;
0;
Thanx
and regds............Vinod
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