Formulas for MetaStock
How to build futures and stock market trading systems!
profitable stock market trading system based on your own trading
for perfect oscillators? Not yet. Stochastic and two RSI Oscilattors that try to adapt to changing market conditions. They are still far from ideal indicator, however worth looking closer.
A minor modification of very good
stock market trading system Dynamic BreakOut System, published in Futures Magazine. It achieves very good results without optimisation.
of very good indicators created by E.S. Coppock in order to identify significant peaks and troughts. It works quite well on daily, weekly and monthly charts.
tool in MetaStock for cycle analysis. If you analyse cycles, you find these
formulas very helpful! Due to them, you can visualise cycles on stock
Try to find cycles on DJIA, S&P 500, All Ordinaries and other stock markets.
Ehlers CG & Detrender
for Center of Gravity and Detrender enable clear identification of turning points. They attempt to eliminate the trend in prices, what helps more easily identify cycles and overborought/oversold levels.
Flexible Zones RSI/ROC
RSI and ROC with flexible overbought and oversold levels - interesting way of applying adaptive methods.
Try to use them in your own forex or futures trading strategies.
Set of three
formulas: MACD (DEMA) Preferred Stochastic, DMA, created by famous trader Joe
DiNapoli. Especially useful in trend positioning and choosing time of entering
or leaving the market.
Directional Parabolic System
The author of
this stock market trading system is J. Welles Wilder. Although not always effective, it is certainly worth a look. It provides a clear picture of the correct structure of an trend following
Five advanced methods of smoothing time series: AMA, ARSI, Ehlers, Kalman, T3.
Use these formulas instead of moving averages in your futures or forex
formulas for MA’s fans. Both the indicator and groups of MA clearly show strength of the trend and help to forecast turning
points much improving profitability of futures and forex trading
Kase Peak Oscillator
Combination of statistics and technical analysis. MetaStock Expert module based on indicators similar to Kase PeakOscillator invented by Cynthia Kase.
market trading system based on bands around a moving average. This simply technique is effective during longer trends. In the case of flat market, it can show loss.
Can be used with success for stocks and after few changes for futures.
for Indicator created by Martin Pring using ROC. It generates very good trading signals, especially from divergences.
MACD weekly (approximation)
formulas – first step to multi-time frame analysis. Now you can have weekly and daily indicators on the same screen.
Normalized RSI with IFT
New generation of RSI,
normalized by Inverse Fisher Transform. Formulas based on John Ehlers article for the Technical Analysis of Stock & Commodities magazine.
Two most known Stops: Trailing and Chandelier. Extremly useful for futures traders.
Improve your own stock market trading system for DJIA, S&P 500 or All Ordinaries with these
Expert system based on
ADX. It checks, if there is a trend on the stock market and then generates trend following or counter trend trading signals using Stochastic and RSI indicators.
market trading system and Expert Advisor based on TRIX – ROC of triple exponential smoothed moving average of the security's closing price, designed to filter out “insignificant” cycles.
install in MetaStock:
Elliott Wave International's
tutorial is the most comprehensive introduction to the Elliott Wave Principle
available in cyberspace. All ten lessons have been adapted from Prechter
and Frost's Wall Street bestseller, Elliott Wave Principle - Key to Market
Read our articles:
Advanced Trading Strategies How to draw trend lines Advantage trading systems were developed for MetaStock 7.2 or higher