Metastock Formula

Re: Intraday buy and sell indicators

Hello traderji,

I have metastock pro 12, im an intraday trader,i wanna find out which stock is moving up or which stock is coming down in an intraday period, please help me how to get the result in metastock, is there any formula to be applied or is there any other thing which i can do it to get the prompt result

Plese help me

Hussain
Hi,
There is a thing called explorer in Metastock you can specify criteria for scanning stocks which moves up or down in a required time frame for intraday trading
Happy Trading :)
K.Boopathy
 

mastermind007

Well-Known Member
Hello sir,

I am a new member of Traderji team... I want to know about metastock. either if it is a software or some specific calculations..... I am new . Can anyone..come up with detailed knowledge.

Thanks

Prof. R.K.Sharma
Hello Prof.

In most common definition, Metastock is a charting software.
 
Dear All

I need metastock indicator formula of 5 days breakout indicator for intraday. The same indicator work out well in MT.4 & MT.5 version. Anybody familiar with MT.4 MQL langauge expert can easily convert it into metastock language.This indicator show latest high of previous five day in shape of horizontal line on price chart and vice versa in red color line for previous 5 days latest Low.

I waiting for guys for reply. thanks in anticipation.
 
Last edited:
Dear Admin

I am copy pasting below a formula written in MQL-4 codebase. It's uses in MT-4/MT-5 meta-trader. Formula of 5 days highest high and lowest low automated adjustable channel show on price charts in green upper line and red lower line.

My intention is to use this formula in metastock. Any experts who can decode the below formula for using it in metastock language.

FORMULA


//---- input parameters
extern int DAYS=5;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
double daily_high[20];
double daily_low[20];
double yesterday_close;
double phigh,plow;
int i=1;
//---- TODO: add your code here
ArrayResize(daily_high,DAYS);
ArrayResize(daily_low,DAYS);
ArrayInitialize(daily_high,0);
ArrayInitialize(daily_low,0);
ArrayCopySeries(daily_low, MODE_LOW, Symbol(), PERIOD_D1);
ArrayCopySeries(daily_high, MODE_HIGH, Symbol(), PERIOD_D1);
/* initialise */
plow=daily_low[1];
phigh=daily_high[1];
//----
for(i=1;i<DAYS;i++)
{
if(plow>daily_low)
{
plow =daily_low;
}
}
for(i=1;i<DAYS;i++)
{
if(phigh<daily_high)
{
phigh =daily_high;
}
}
Comment("\n5dayH ",phigh,"\n5dayL ",plow);
//----
ObjectDelete("5dayHigh");
ObjectDelete("5dayLow");
ObjectCreate("5dayHigh", OBJ_HLINE,0, CurTime(),phigh);
ObjectSet("5dayHigh",OBJPROP_COLOR,SpringGreen);
ObjectSet("5dayHigh",OBJPROP_STYLE,STYLE_SOLID);
ObjectCreate("5dayLow", OBJ_HLINE,0, CurTime(),plow);
ObjectSet("5dayLow",OBJPROP_COLOR,Red);
ObjectSet("5dayLow",OBJPROP_STYLE,STYLE_SOLID);
//----
ObjectsRedraw();
return(0);
}
//+------------------------------------------------------------------
 
Last edited:

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