BullScript: Metastock - Close above Median Price

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Metastock - Close above Median Price

Printed From: BullCharts Forum
Category: BullCharts
Forum Name: BullScript
Forum Discription: Technical discussion related specifically to the BullScript programming language.
URL: http://www.bullcharts.com.au/forum/forum_posts.asp?TID=78
Printed Date: 20 May 2024 at 10:35am
Software Version: Web Wiz Forums 9.69 - http://www.webwizforums.com

Topic: Metastock - Close above Median Price

Posted By: etrader
Subject: Metastock - Close above Median Price
Date Posted: 18 Dec 2004 at 8:01pm

hi all,

I have tried to paste this into The Indicator Builder, but comes up with error 111. It is a Momentum filter I want to use. This is designed to find those stocks where the close is above the median price over the past five days. It matches the steps in Robert Deels book, The Strategic Electronic Day Trader.

col a = CLOSE - MP()
col b = (Ref(CLOSE,-1))-(Ref( MP() ,-1))
Col c = (Ref(CLOSE,-2))-(Ref( MP() ,-2))
col d = (Ref(CLOSE,-3))-(Ref( MP() ,-3))
col e = (Ref(CLOSE,-4))-(Ref( MP() ,-4))
filter = colA>=0 AND colB>=0 AND colC>=0 AND colD>=0 AND colE>=0

I'd appreciate the help.

Regards etrader

Replies:

Posted By: Peter
Date Posted: 20 Dec 2004 at 9:47am

Hi etrader,

To do the equivalent filter in BullScan:

Create a new scan (and give it a name, etc)
Click on the criteria tab
Click the New button and create a criteria as follows:

First Value: "Is a price field", "Close"
Condition "Is greater than or equal to", "Every" bar in the last "5" bars.
Second Value "Is a price field", "Median"

Press Ok

Posted By: etrader
Date Posted: 22 Dec 2004 at 3:08pm

thx Peter, first time used so will give a try.