The following Metastock formulae are provided to our readers as a service and form a selection of a more extensive list from which we have copied, with our thanks to Daryl Guppy, from his website www.guppytraders.com. These formulae in turn were posted on his site by some of his readers, as named below.

The formulae included here are not designed to produce buy or sell signals in any form or context, nor are they intended to replace your stock broker or licensed financial advisor. The formulae are included here as general comment only so that you are aware of what is possible with the MetaStock program.

Sharetradingeducation.com do not necessarily use or endorse these and expressly disclaims any responsibility to the accuracy or effectiveness of the following formulae. The decision to trade and the method used to trade are up the individual. If you spot any errors, please contact us.

Additional formulae also appear at http://www.equis.com/customer/support with new free Metastock formulae being added regularly.

Those readers wanting to understand how to use Metastock further may wish to visit our Stock Market Home Study Course module 'Metastock In a Nutshell', based on the book by the same name by Simon Sherwood, NOW AVAILABLE on this site.  

Common Metastock Bar Patterns
(from Walter Lake} BAR - 3 Higher Highs H>Ref(H,-1) AND Ref(H,-1)>Ref(H,-2) AND Ref(H,-2)>Ref(H,-3)		(from Walter Lake} BAR - Gap Up GapUp()
BAR - 3 Lower Lows & Reversal H L>Ref(L,-1) AND Ref(L,-1)<Ref(L,-2) AND Ref(L,-2)<Ref(L,-3) AND Ref(L,-3)<Ref(L,-4)		BAR - Gap Down GapDown()
BAR - 3 Lower Lows L<Ref(L,-1) AND Ref(L,-1)<Ref(L,-2) AND Ref(L,-2)<Ref(L,-3)		BAR - H > Yesterday's H H>Ref(H,-1)
BAR - 5 Lower Lows L<Ref(L,-1) AND Ref(L,-1)<Ref(L,-2) AND Ref(L,-2)<Ref(L,-3) AND Ref(L,-3)<Ref(L,-4) AND Ref(L,-4)<Ref(L,-5)		BAR - Inside Day HIGH < Ref(HIGH,-1) AND LOW > Ref(LOW,-1)
Price and Volume Breakout Shows stocks where the price increased 5% and the volume is 50% above a 50-day moving average. Rank results by % change in price, then check the volume. ·         CLOSE ·         Ref(CLOSE,-1) ·         ROC(CLOSE,1,percent) ·         VOLUME ·         Mov(VOLUME,50,EXPONENTIAL) ·         ((VOLUME - Mov(VOLUME,50,EXPONENTIAL)) /Mov(VOLUME,50,EXPONENTIAL)) * 100 ·         **When(colC >= 5) AND When(colD >= colE*1.5)		Moving Average Crossover---Bullish This is a 10 and 30 day moving average crossover search. Results close to 0 pinpoint the crossover. CLOSE Mov(CLOSE,30,EXPONENTIAL) ((CLOSE-Mov(CLOSE,30,EXPONENTIAL)) /Mov(CLOSE,30,EXPONENTIAL)) * 100 ((CLOSE-Mov(CLOSE,10,EXPONENTIAL)) /Mov(CLOSE,10,EXPONENTIAL)) * 100 **When(colA > colB)
Higher Closes Shows stocks which have closed higher on successive days. ·         CLOSE ·         CLOSE -1 ·         CLOSE -2 ·         **When(colA,>,colB) AND When(colB,>,colC) MACD Crossover Buy Signal Shows those stocks where an MACD crossover has been signalled. The search returns 1 for Ok and 0 for not ok. ·         CLOSE ·         MACD() ·         Ref(MACD(),-1) ·         Mov(MACD(),9,EXPONENTIAL) ·         Ref(Mov(MACD(),9,EXPONENTIAL),-1) ·         ((MACD() - Mov(MACD(),9,EXPONENTIAL)) /Mov(MACD(),9,EXPONENTIAL)) * 100 ·         **Cross( MACD(), Mov(MACD(),9,EXPONENTIAL))		Three Inside Days Inside days suggest a volatility compression and often precede strong breakouts. Search returns 1 for ok and 0 for not ok Inside() Inside()-1 Inside()-2 Performance Daily Stocks sorted on % gains over 1, 2, 3, 4, and 5 days. Rank results for the selected day. Good for finding breakout stocks. ·         CLOSE ·         ROC(CLOSE,1,percent) ·         ROC(CLOSE,2,percent) ·         ROC(CLOSE,3,percent) ·         ROC(CLOSE,4,percent) ·         ROC(CLOSE,5,percent)
Rally Gap and Inside Day Finds stocks which have rallied, gapped upwards, and then had an inside day. Usually leads to a resumption of the rally. The search returns 1 for Ok and 0 for not ok. ·         RallyWithVol() ·         Inside() ·         GapUp()		Range High Looks for out of range move where the close equals the high. Suggests more buying pressure. The search returns 1 for Ok and 0 for not ok. ·         BigWhite() ·         CLOSE
High Volume Displays those where volume is above the 100 day moving average. The search returns 1 for Ok and 0 for not ok. VOLUME Mov(VOLUME,100,EXPONENTIAL) ((VOLUME - Mov(VOLUME,100,EXPONENTIAL)) /Mov(VOLUME,100,EXPONENTIAL)) * 100 When(colA,>,colB)		2.5 * ATR Trailing Stop Loss For Long: HHV(H - 2.5*ATR(5),10) For Short: LLV(L + 2.5*ATR(5),10) Furthermore, it may be beneficial to dynamically adjust the number of lookback periods in the HHV() or the LLV() function. from Yngvi Hardarson
Bullish Engulfing Pattern ColA: CLOSE Filter BarsSince(EngulfingBear())<=5 AND BarsSince(ROC(C,60,%)>15)<=5 AND BarsSince(Stoch(9,1)>90)<=5 Filter enabled Yes Periodicity Daily Records required 1300		Bearish Engulfing Pattern Col A: CLOSE Filter BarsSince(EngulfingBull())<=5 AND BarsSince(ROC(C,60,%)<-15)<=5 ANDBarsSince(Stoch(9,1)<10)<=5 Filter enabled Yes Periodicity Daily. Records required 1300
Up 20% on Double Average Volume Col A: CLOSE Col B:ROC(C,5,%) Filter ROC(C,5,%)>=20 AND Mov(V,5,S)>=(2*Ref(Mov(V,60,S),-5)) Filter enabled Yes Periodicity Daily Records required 1300		Down 20% on Double Average Volume Col A: CLOSE Col B: ROC(C,5,%) Filter ROC(C,5,%)<=-20 AND Mov(V,5,S)>=(2*Ref(Mov(V,60,S),-5)) Filter enabled Yes Periodicity Daily Records required 1300
Cross Above 200 MA on Twice Average Volume Filter (C>Mov(C,200,S) AND Ref(C,-5)<Ref(Mov(C,200,S),-5)) AND C>5 AND V>Mov(V,200,S)*2		Crossing Below 200 Day MA on Double Average Volume Filter (C<Mov(C,200,S) AND Ref(C,-5)>Ref(Mov(C,200,S),-5)) AND C>5 AND V>Mov(V,200,S)*2
Gain By % Col A: CLOSE Col B: ROC(C,5,%) Filter: (ROC(C,5,%)>10 OR ROC(C,5,%)<-10) AND C>5 Filter enabled: Yes		Biggest Losers Col A: CLOSE Col B: ROC(C,5,%) Filter: (ROC(C,5,%)>10 OR ROC(C,5,%)<-10) AND C>5 Filter enabled: Yes
RSI Divergence {RSI(9) DIVERGENCE BUY:} If(RSI(9) >= HHV(RSI(9),19) AND CLOSE <HHV(CLOSE,19), 1,0) OR If(CLOSE <= LLV(CLOSE,19) AND RSI(9) > LLV(RSI(9),19), 1,0) {RSI(9) DIVERGENCE SELL:} If(CLOSE >= HHV(CLOSE,19) AND RSI(9)<HHV(RSI(9),19),1,0) OR If(RSI(9) <= LLV(RSI(9),19) AND CLOSE > LLV(CLOSE,19),1,0) {You can substitute any formula for the "RSI(9)"} {from Mike Arnoldi}		Another RSI Divergence Exploration {A simple exploration filter formula for finding a bullish divergence between the RSI and the price is shown below. To find a bearish divergence, replace > with <. The differences in the trough function was found through an optimization routine and they may not be the best values for your application.} Ref(RSI(14),-1)>Trough(1,RSI(14),.8) AND Ref(CLOSE,-1)<Trough(1,CLOSE,.2) {from Dan in Pocatello, ID}
52 Week Hi-Lo Exploration ColA: {Close}C; ColB: {52-week High} HighestSince(1, (DayOfMonth()=08 AND Month()=05 AND Year()=1998), H); ColC: {52-week Low} LowestSince(1, (DayOfMonth()=08 AND Month()=05 AND Year()=1998), L); {Choose one of these filters} {Filter 1:} ColA >= (0.9*(ColB)) {Filter 2:} ColB >= 2*ColC {If you want both the conditions to be satisfied in the same query, just join the two filters by the AND operator:} Filter: (ColA >= (0.9*(ColB)) AND ColB >= ColC) {One problem with the 52-wk High and 52-wk Low formula--every day you've got to change the values for dayofmonth(), Month() and Year() functions. The formula given above assumes that you would be running the query on May 07, 1998. Change the values of the above functions accordingly.} {from Rajat Bose}		FIND RSI ABOVE 80 Col A: RSI(14) Filter colA>=80 Filter enabled Yes Periodicity Daily Records required 18

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