Metastock Formulas New [updated]
Here are a few powerful formulas you can implement in your Indicator Builder today:
Standard Bollinger Bands are fantastic, but they are static in their calculation. They use a simple Moving Average as the base. This formula creates a "Zone" based on volatility, helping you identify when the market is compressing (ready to explode) or expanding (trending).
: You can build your own visual tools via the Indicator Builder .
Buy = CLOSE > BBAND(20, 2, CLOSE, 2)
: Communities like MetaStock's own forum or external trading boards often share "new" formulas based on recently published trading books.
This multi-part formula categorizes market action into four specific states based on the relationship between price and volume. : Price Up, Volume Up (Bullish) : Price Up, Volume Down (Cautious Bullish) : Price Down, Volume Down (Accumulation) : Price Down, Volume Up (Bearish Distribution)
