This formula combines volume acceleration and price action to detect institutional buying before a major breakout.
MetaStock has long been a staple for serious traders requiring robust charting and backtesting capabilities. As markets evolve, so too must the tools used to analyze them. The latest updates to MetaStock, particularly in versions 19 and beyond, have brought significant improvements to the , making the creation of new, sophisticated formulas faster and more intuitive . metastock formulas new
Name: Adaptive Dual-Zone Momentum Index Price := Cl; Length := 14; VolRatio := ATR(10) / Mov(ATR(10), 50, S); DynamicLen := Max(5, Min(30, Int(Length / VolRatio))); RawMom := Price - Ref(Price, -DynamicLen); SmoothMom := Mov(RawMom, 9, E); SmoothMom; Use code with caution. Breakdown of the Logic This formula combines volume acceleration and price action
Use the System Tester to backtest your new formula. If a formula performs poorly in a backtest, adjust the input variables (e.g., change the moving average period from 50 to 20). The latest updates to MetaStock, particularly in versions