Metastock - Close above Median Price

   hi all,
I have tried to paste this into The Indicator Builder, but comes up with error 111. It is a Momentum filter I want to use. This is designed to find those stocks where the close is above the median price over the past five days. It matches the steps in Robert Deels book, The Strategic Electronic Day Trader.

col a = CLOSE - MP()
col b = (Ref(CLOSE,-1))-(Ref( MP() ,-1))
Col c = (Ref(CLOSE,-2))-(Ref( MP() ,-2))
col d = (Ref(CLOSE,-3))-(Ref( MP() ,-3))
col e = (Ref(CLOSE,-4))-(Ref( MP() ,-4))
filter = colA>=0 AND colB>=0 AND colC>=0 AND colD>=0 AND colE>=0
I'd appreciate the help.
Regards etrader

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etrader Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 18 Dec 2004 Posts: 63	Post Options Post Reply Quote etrader Report Post Quote Reply Topic: Metastock - Close above Median Price Posted: 18 Dec 2004 at 8:01pm
	hi all, I have tried to paste this into The Indicator Builder, but comes up with error 111. It is a Momentum filter I want to use. This is designed to find those stocks where the close is above the median price over the past five days. It matches the steps in Robert Deels book, The Strategic Electronic Day Trader. col a = CLOSE - MP() col b = (Ref(CLOSE,-1))-(Ref( MP() ,-1)) Col c = (Ref(CLOSE,-2))-(Ref( MP() ,-2)) col d = (Ref(CLOSE,-3))-(Ref( MP() ,-3)) col e = (Ref(CLOSE,-4))-(Ref( MP() ,-4)) filter = colA>=0 AND colB>=0 AND colC>=0 AND colD>=0 AND colE>=0 I'd appreciate the help. Regards etrader

Peter Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List BullCharts Staff Joined: 09 Sep 2004 Location: Australia Posts: 241	Post Options Post Reply Quote Peter Report Post Quote Reply Posted: 20 Dec 2004 at 9:47am
	Hi etrader, To do the equivalent filter in BullScan: Create a new scan (and give it a name, etc) Click on the criteria tab Click the New button and create a criteria as follows: First Value: "Is a price field", "Close" Condition "Is greater than or equal to", "Every" bar in the last "5" bars. Second Value "Is a price field", "Median" Press Ok

etrader Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 18 Dec 2004 Posts: 63	Post Options Post Reply Quote etrader Report Post Quote Reply Posted: 22 Dec 2004 at 3:08pm
	thx Peter, first time used so will give a try.