The MetaStock Formula Language is a specialized scripting language designed for creating custom indicators, explorations, system tests, and expert advisors. Patterned after popular spreadsheet languages, it allows you to define technical trading strategies by combining price data with mathematical operators and built-in functions. Core Components of MetaStock Formulas
The search for a "new" MetaStock formula is a search for an edge. But the edge is not in the syntax; it is in the logic of misdirection. The crowd uses price; you use volume and volatility. The crowd uses fixed periods; you use adaptive cycles. The crowd looks at one chart; you look at two. metastock formulas new
The latest official version, MetaStock 19, introduced several workflow and feature improvements: The MetaStock Formula Language is a specialized scripting
If you are looking for specific formulas like the Absolute Breadth Index, True Strength Index (TSI), or Chande’s Variable Index Dynamic Average (VIDYA), the following resources are recommended: Welcome back, Trading Professional! - MetaStock But the edge is not in the syntax;
RSI-EMA Cluster RSIPeriod := 14; RSIVals := rsi(RSIPeriod); RSISmooth := mov(RSIVals, 9, E); Cross(RSIVals, RSISmooth) AND RSIVals < 35 How to Install New Formulas in MetaStock