Formulas New: Metastock
Use your formulas in the "The Explorer" to filter lists of stocks.
Trading breakouts without volume or volatility confirmation leads to frequent whipsaws. This script creates an formula designed to generate clear buy and sell signals when a true expansion of range occurs.
MetaStock cannot easily mix 1-min and daily bars in one system. But you can using LastValue() + ValueWhen() :
Traders are moving beyond basic moving averages to complex, multi-layered formulas that combine statistical analysis with pattern recognition. MetaStock Formula Language Overview | PDF - Scribd metastock formulas new
Once you have developed or acquired new formulas, you can apply them through three main tools:
A common advanced technique uses two stochastics: one slower (e.g., 75‑period) to identify the trend, and one faster (e.g., 5‑period) to time the entry. The following code attempts to capture oversold bounces when the slower stochastic has just crossed above 20 and remains below 80, while the faster stochastic is deeply oversold:
While moving averages (MA) and relative strength index (RSI) are foundational, they often fail to adapt to rapid volatility changes. Modern formulas allow you to: Use your formulas in the "The Explorer" to
Recent MetaStock releases have focused on streamlining the environment where formulas are created, tested, and deployed.
: This article is for informational purposes only and does not constitute financial advice. Trading stocks, commodities, and other financial instruments involves substantial risk of loss and is not suitable for every investor. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
This formula is designed to identify short-term momentum in the market. MetaStock cannot easily mix 1-min and daily bars
While there isn't a single "new" peer-reviewed academic paper dedicated exclusively to MetaStock formula code in 2025-2026, recent research and software updates focus on integrating advanced technical indicators and machine learning models that can be ported into MetaStock's formula language. Recent Technical Indicators & Research (2024–2026)
Explorer formulas are used to scan entire watchlists for specific conditions. A practical example—finding stocks whose close is above the 5‑day median price (a sign of bullish consolidation):
This formula is designed to identify the direction and strength of a trend.
Period := Input("Lookback",5,50,20); Multiplier := Input("ATR Multiplier",1,5,2.5);
Support and resistance lines are often subjective. This formula draws lines automatically based on recent fractal pivots (the highest high or lowest low of the last 5 bars).