Title: Metastock Exploration: Listing Of Laggards
Hc - January 28, 2005 01:01 AM (GMT)
Using Metastock Explorer to find laggards
This is the code for Metastock Explorer that I use to find laggards after the market had moved for some time:
The text version is provided here for easy cut & paste:
Col A: Close C
Col B: Vol V
Col C: Highest HHV(C,250)
Col D: C/HHV C/HHV(C,250)
Col E: Lowest LLV(C,250)
Col F: C/LLV C/LLV(C,250)
Filter colD<=0.3 AND V>200
Filter enabled Yes
Periodicity Daily
Records required 1300
Notes:
1. Use of 250 trading days is an approximation of 1 year
2. The V>200 is optional to filter off low liquidity counter
3. After exploration, click on C/HHV column to sort the result
4. This exploration can be amended to suit your need. Eg: Change the colD criteria in Filter Tag to different percentage of discount, or untick the [Use Filter] in the [Option] of Exploration Editor to list the whole exchange according to percentage of discount.
Last but not least: this exploration merely do what it does: listing all counters that meet the discount condition. It pays no regard to fundamental & other TA conditions. So study further before you make any decision.
This is the code for Metastock Explorer that I use to find laggards after the market had moved for some time:
The text version is provided here for easy cut & paste:
Col A: Close C
Col B: Vol V
Col C: Highest HHV(C,250)
Col D: C/HHV C/HHV(C,250)
Col E: Lowest LLV(C,250)
Col F: C/LLV C/LLV(C,250)
Filter colD<=0.3 AND V>200
Filter enabled Yes
Periodicity Daily
Records required 1300
Notes:
1. Use of 250 trading days is an approximation of 1 year
2. The V>200 is optional to filter off low liquidity counter
3. After exploration, click on C/HHV column to sort the result
4. This exploration can be amended to suit your need. Eg: Change the colD criteria in Filter Tag to different percentage of discount, or untick the [Use Filter] in the [Option] of Exploration Editor to list the whole exchange according to percentage of discount.
Last but not least: this exploration merely do what it does: listing all counters that meet the discount condition. It pays no regard to fundamental & other TA conditions. So study further before you make any decision.
Derrick - January 28, 2005 02:24 AM (GMT)
| QUOTE (Hc @ Jan 28 2005, 09:01 AM) |
| Using Metastock Explorer to find laggards This is the code for Metastock Explorer that I use to find laggards after the market had moved for some time: The text version is provided here for easy cut & paste: Col A: Close C Col B: Vol V Col C: Highest HHV(C,250) Col D: C/HHV C/HHV(C,250) Col E: Lowest LLV(C,250) Col F: C/LLV C/LLV(C,250) Filter colD<=0.3 AND V>200 Filter enabled Yes Periodicity Daily Records required 1300 Notes: 1. Use of 250 trading days is an approximation of 1 year 2. The V>200 is optional to filter off low liquidity counter 3. After exploration, click on C/HHV column to sort the result 4. This exploration can be amended to suit your need. Eg: Change the colD criteria in Filter Tag to different percentage of discount, or untick the [Use Filter] in the [Option] of Exploration Editor to list the whole exchange according to percentage of discount. Last but not least: this exploration merely do what it does: listing all counters that meet the discount condition. It pays no regard to fundamental & other TA conditions. So study further before you make any decision. |
Hi Hc,
Thanks.
| QUOTE |
| It pays no regard to fundamental & other TA conditions. So study further before you make any decision. |
:rolleyes: Novices like me must not forget this.