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Metastock - Close above Median Price
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etrader View Drop Down
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Joined: 18 Dec 2004
Posts: 63 		Post Options Post Options   Quote etrader Quote  Post ReplyReply Direct Link To This Post Topic: Metastock - Close above Median Price
    Posted: 22 Dec 2004 at 3:08pm
thx Peter, first time used so will give a try.
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Joined: 09 Sep 2004
Location: Australia
Posts: 241 		Post Options Post Options   Quote Peter Quote  Post ReplyReply Direct Link To This Post Posted: 20 Dec 2004 at 9:47am
Hi etrader,

To do the equivalent filter in BullScan:
  1. Create a new scan (and give it a name, etc)
  2. Click on the criteria tab
  3. Click the New button and create a criteria as follows:
    1. First Value: "Is a price field", "Close"
    2. Condition "Is greater than or equal to", "Every" bar in the last "5" bars.
    3. Second Value "Is a price field", "Median"
  4. Press Ok
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Joined: 18 Dec 2004
Posts: 63 		Post Options Post Options   Quote etrader Quote  Post ReplyReply Direct Link To This Post 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
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