Look for divergence. If price makes a new low but SmartMoneyDelta makes a higher low, accumulate immediately. Formula 3: Dynamic Support/Resistance (ATR Channels) Forget plotting horizontal lines. This new formula plots a "Volatility Tunnel" that expands and contracts.
Takes the Heikin Ashi close and applies a double exponential smoothing. When to use: Trending markets with pullbacks. metastock formulas new
For decades, MetaStock has been the Colosseum of trading software—powerful, robust, and sometimes intimidating. However, if you search forums for "MetaStock formulas," you are usually met with the same relics from the early 2000s: basic Moving Average Crossovers, RSI(14), and MACD defaults. Look for divergence
HA_Close := (O+H+L+C)/4; HA_Open := (Ref(HA_Close, -1) + Ref(HA_Open, -1)) / 2; ZeroLagEMA := 2 * EMA(HA_Close, 10) - EMA(EMA(HA_Close, 10), 5); ZeroLagEMA Buy when ZeroLagEMA changes from Red to Green (requires color coding in Expert Advisor). Formula 2: The "Smart Money" Volume Delta (Cumulative TICK) Standard volume tells you how many shares. This new formula reveals who is buying (institutions vs. retail) using the Close vs. Open relationship. This new formula plots a "Volatility Tunnel" that
If the close is in the top 25% of the daily range, it is institutional buying; if in the bottom 25%, it is distribution.
GapPercent := (O - Ref(C, -1)) / Ref(C, -1) * 100; GapUp := GapPercent > 1.5; VolumeSurge := V > Ref(V, -1) * 1.5; BullFlag := GapUp AND VolumeSurge AND C > O; BullFlag