This formula identifies bullish divergences when the short-term moving average is below the long-term moving average and the short-term momentum is above the long-term momentum. Similarly, it identifies bearish divergences when the short-term moving average is above the long-term moving average and the short-term momentum is below the long-term momentum.
Momentum Scalper = (C - Ref(C, -1)) / Ref(C, -1) * 100 metastock formulas new
Mean Reversion = (C - Mov(C, 20, E)) / StDev(C, 20) Metastock formulas are used to create custom indicators,
Metastock is a popular technical analysis software used by traders and investors to analyze and visualize financial markets. Metastock formulas are used to create custom indicators, oscillators, and trading systems. In this report, we will discuss some new metastock formulas that can be used to gain a better understanding of market trends and make informed trading decisions. and trading systems. In this report
Bullish Divergence = If(Mov(C, 10, E) < Mov(C, 30, E) AND Mov(Mom(C, 10), 10, E) > Mov(Mom(C, 30), 30, E), 1, 0) Bearish Divergence = If(Mov(C, 10, E) > Mov(C, 30, E) AND Mov(Mom(C, 10), 10, E) < Mov(Mom(C, 30), 30, E), 1, 0)
Upper Band = Mov(C, 20, E) + 2 * StDev(C, 20) Lower Band = Mov(C, 20, E) - 2 * StDev(C, 20)