the above is enough for many traders, but a few further
MetaStock nuances can add to the value of the information
you’ve uncovered. For example, wouldn’t you like to know
which stocks have met the chosen crossover criteria in the
past, say, five days? And wouldn’t it be handy to be
able to sort your newly discovered stocks in order of price
or volume? If so, read on for a few more simple tips.
Go back to the main Explorer tool section, highlight your
“Moving Average Crossover” Exploration, and hit the “edit”
key this time. You can now make alterations to your Exploration.
Ignore the upper “Notes” section and click on Column A first.
You will see a large white field for entry of formulas and
a small field in the lower left, entitled “Col Name.” Simply
put a “c” in the large formula section and “Close” in the
column name section. Repeat these actions for Column B,
with “v” and “Volume” respectively. Now when your Exploration
presents you with your data, you can easily sort by price
(c) or volume (v).
Finally, click on the “Filter” tab again to slightly modify
your Exploration formula. The way you have it set up initially
tells MetaStock to find all stocks which meet the criteria
today. You now want it to find all stocks that have met
these criteria over the past five days. The answer is the
MetaStock Alert function, which is written “Alert( A , Number
) where “A” is any formula you care to choose, and “Number”
is the number of days. So now you put your original formula
in the place of A. The result is: “Alert( Cross( Mov(C,3,E)
, Mov(C,10,E) ) ,5)” without the quotation marks. Save your
new Exploration with the “OK” button and you’re ready to
find all stocks whose 3 day moving average passed above
the 10 day moving average in the past five trading days!
above information should allow you to write further Explorations
by simply changing the numbers. If you prefer to use Exponential
Moving Averages instead of Simple Moving Averages, change
“s” to “e” in the formulas. You can also open up the ready
made Equis Explorations, investigate how they’re written,
and change them with the “Edit” command (then saving with
a new name). A further step is to investigate the hundreds
of formulas available here on this web site and modify them
in the same way. This is the quick and easy way to learn
how to program with MetaStock. Follow the examples given
by all the kind and clever MetaStock users who have gone
before you, and tweak, tweak, tweak.