Recent studies identify "dual important indicators" and optimized filters that offer higher predictive accuracy than traditional formulas:
This formula uses a "latch" logic to remember a specific price event—like a breakout—and holds it until a volatility-based stop is hit.
--- Dynamic Fractal S/R ---
To create a custom indicator:
This can be entered directly into the Buy Order tab of the Enhanced System Tester to buy pullbacks in trending stocks.
Money Flow Multiplier Positive if close is in top half of range, negative if bottom half MF_Mult := ((C-L) - (H-C)) / (H-L);
Conditions Bullish := Slope > Threshold AND Vol_Check; Bearish := Slope < -Threshold AND Vol_Check; metastock formulas new
For traders needing highly complex or proprietary strategies, the MetaStock Formula Team
Plot this over your price chart. You will notice it tightens to price during explosive moves (due to the shorter calculated period) and smooths out significantly during consolidation phases.
// Divergence Detector (SPX vs VIX) SPX_High := Security("SPX", H); VIX_High := Security("VIX", H); Signal := SPX_High > Ref(SPX_High, -5) AND VIX_High > Ref(VIX_High, -5); Signal You will notice it tightens to price during
This calculates the difference between the MACD line and its 9-period signal line, plotting the resulting bars which visually represent the momentum of the momentum.
Filter for Rising ADX + Positive Momentum ADX(14) > Ref(ADX(14),-1) AND ADX(14) > 25 AND ROC(C, 21, %) > 0 Use code with caution. Copied to clipboard 3. Adaptive "Vidya" Trend Tracker
overlays allow traders to see formula results more clearly on their charts. Advanced Indicator Builder Copied to clipboard 3