Then copy and paste the below formula into Column J: Then copy and paste the below formula into Column I: Then copy and paste the below formula into Column F: Then type “10peak-2” into the small “col. Then copy and paste the below formula into Column E: Then type “10peak+4” into the small “col. Then copy and paste the below formula into Column D: Then type “10peak+3” into the small “col. Then copy and paste the below formula into Column C: Then type “10peak+2” into the small “col. Then copy and paste the below formula into Column B: Then type “Ave Vol$” into the small “col.
Then copy and paste the below formula into Column A:
#Meta stock loss code
The next step is to copy and paste the following code into each of the alphabetical tabs, starting with column.įirst type “Close” into the small “col. I ask MetaStock to allow stocks to pass this filter if their peak is within 6% of a prior peak. As mentioned above, I have allowed a bit of leeway to this rule. This scan is using both a 10% and 15% zigzag to gauge where the peaks have occurred. Just like last week, we need to put some values in the alphabetical columns.Īgain these codes are very simple, they tell MetaStock to return a value of “one” if a chart has had a peak at the same price level, or a value of “zero” if did not. In the notes box type “Looking for stocks close to or touching resistance levels”. Give your new exploration the name “Stocks near resistance level” To add this search to your copy of MetaStock, open the explorer and click “new”.
Please don’t be put off by all the details in this email, it’s not that complicated, in fact the entire process should take no longer than 5 minutes. My solution was to allow a little leeway in the formula which is explained below.
This is because support and resistance is easier to see visually on a chart than it is to explain in mathematical terms. Identifying resistance levels using the explorer has always been difficult.
#Meta stock loss how to
Here is how to use it:įind only positive performing stocks and sectors. The best way to do this is to use the “rate of change” indicator. We want to know which sectors have had the best performance over the last month, 3 months, and 12 month periods. For example you can say “close > 10” and MetaStock will filter out any stocks that are below $10.įor this scan we will only use the alphabetical columns. The filter column is different, it allows you to make rules or conditions, and only allows stocks that have passed these conditions to show up in the report. For example if you type “close” in column A, MetaStock will calculate and display the close price. The alphabetical columns simply work out a value for you. There are two types of columns in the explorer, the alphabetical columns, and the filter column. For example “To rank the sectors by their historical performance” In the Notes box, write a brief description of the scan. For example “Sectors sorted by performance” How to identify the best performing sector, and then the best performing stocks in that sector. How to sort by the best performing sector
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