MetaStock® Professional

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Getting HelpEquis International stands ready to help you with problems you mayencounter or questions you may have with the operation of MetaStockPro. However, before picking up the phone, please consider using someof Equis' other support alternatives.Windows Related ProblemsIf the problem is related to the Windows operating environment, pleasecontact Microsoft via the Internet athttp://www.microsoft.com/support.User's ManualThe first place to check when you have a question about the operation ofMetaStock Pro is in the user's manual (or help system). The manual canbe a great help if you run into a snag. We have tried to provide everyanswer you will need to operate your software in the pages of yourmanual. For immediate answers to most of your questions, please consultthe manual.Help buttonQuickstart ButtonContext Sensitive HelpEvery dialog in MetaStock Pro contains a Help button. Click the mouseon a Help button and MetaStock Pro will display a detailed help screenabout the dialog or feature. In fact, almost all the information contained inthe manual is just a mouse click away. Many of the help screens providestep-by-step examples of how to accomplish a task.MetaStock Pro's help system can also be accessed by simply pressing theF1 key.Quickstart TutorialsSome help topics have a Quickstart Tutorial associated with them. Clickthe Quickstart button to start the tutorial for that help topic.Equis Web SiteYou may also want to check out our web site on the Internet athttp://www.equis.com. Not only do we offer information about ourproducts, we also offer valuable free services and information.Equis User GroupsEquis has users all over the world. In many of these areas, user groupshave formed. Contact Equis to find out if there is an Equis user group inyour area. Not only is this a great way to meet people with similar4 • Getting Started MetaStock <strong>Professional</strong>
interests, these clubs also offer a wealth of information and help notavailable elsewhere.Contact Technical SupportIf the problem or question relates to data or your data vendor, pleasecontact your data vendor's technical support.If you've checked the manual and still cannot find the answer to yourproblem or question, Equis has a full staff of technical supportrepresentatives ready to help you.Please try to call us by phone only if the situation is urgent and you needan immediate answer. This will ensure that lines are free when you andothers have an urgent matter.There are several ways to reach our support staff:By E-mailsupport@equis.comBy Fax801-265-2114By MailEquis InternationalTechnical Support Dept.3950 South 700 East, Suite 100Salt Lake City, UT 84107By Phone801-265-9998 (8:00 AM to 5:00 PM Mountain Standard Time exceptWednesdays, 9:00 AM to 5:00 PM)When calling technical support the first time, you will be provided with acustomer number. Please write it here for future reference.Customer # ________________________When you call technical support, it is helpful if you can provide yourversion number and build date. This information is displayed bychoosing About MetaStock from the Help menu.Due to the inherent complexity in the design and creation of customindicators, explorations, system tests, and experts, Equis cannotprovide free support for these tools. However, support is available for areasonable fee. Call Equis at 801-265-9998 for details or fill-out theFORMULA HELP.DOC file found in the MetaStock folder. This file isviewable with Wordpad.MetaStock <strong>Professional</strong> Getting Started • 5
Page 1 and 2: MetaStock®ProfessionalFor Windows
Page 3 and 4: ContentsGetting Started............
Page 7 and 8: Components of an Expert............
Page 9: Support and Resistance Levels .....
Page 12 and 13: What You Need to Run MetaStock ProM
Page 17 and 18: The WorkplaceMicrosoft Windows Stan
Page 19 and 20: Copy buttonPaste buttonThe Copy com
Page 21 and 22: Use the Update Link command to refr
Page 23 and 24: 1. Right-click on the chart and cho
Page 25 and 26: The System menu contains commands t
Page 27 and 28: Accessibility OptionsMetaStock supp
Page 29 and 30: Restoring Factory DefaultsThe Defau
Page 31 and 32: Custom ToolbarThe custom toolbar pr
Page 33 and 34: To add a new item to the toolbar, c
Page 35 and 36: The chart toolbar can be displayed
Page 37 and 38: To float and dock a toolbar1. Doubl
Page 39 and 40: HELP! Using MetaStock Pro’s Help
Page 41 and 42: Context Sensitive HelpbuttonQuickst
Page 43 and 44: File Locations PageThe DownLoader.
Page 45 and 46: Note that this option is disabled i
Page 47 and 48: automatically be removed from the c
Page 49: Even though the menu bar is not vis
Page 52 and 53: Intraday data is basedon trades as
Page 54 and 55: local data folder can contain up to
Page 56 and 57: Using the Symbol Database to Create
Page 58 and 59: 7. Click the OK button in the New S
Page 60 and 61: Creating Data Folders for Your Secu
Page 62 and 63: the configuration settings will not
Page 64 and 65:
Folders with MetaStock intraday dat
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The following are the Equis Data Se
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Controlling the Message LevelsAs th
Page 70 and 71:
Create ButtonThe DownLoader icondes
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• The data for the current tradin
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Opening, Closing and Saving (Genera
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File Description. Enter a descripti
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Periodicity. Choose the desired per
Page 80 and 81:
Save in. Use the drop-list to selec
Page 82 and 83:
folder only. If you open IBM from t
Page 84 and 85:
the Symbol Database. The Properties
Page 87 and 88:
Saving Your Work with ChartsWhat is
Page 89 and 90:
Displaying Existing ChartsOpen butt
Page 91 and 92:
Specifying the Date Range When Load
Page 93 and 94:
To close a chart1. Select the chart
Page 95 and 96:
Use Smart Charts. Choose this optio
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This command is useful for quickly
Page 99 and 100:
Combining Multiple Charts withLayou
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Scanning Charts in a LayoutMaking C
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Closing a LayoutSince a layout is a
Page 108 and 109:
108nAutomatic climate control*Tips
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You can also apply a template when
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The Default TemplateYou can control
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To select a chartDo one of the foll
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Show Inner Window Splitter Bars. Ch
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Center. Choose the information to d
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Click the "Close Empty Inner Window
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window and selecting Inner Window,
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After maximizing the MACD's inner w
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For information on moving charts, s
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• Click the inner window's system
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4. Click the OK button.The x-axis o
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Right Margin. This box specifies ho
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ScaleThe Scale page is located in t
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To change the y-axis scale1. Right-
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2. Choose Chart Window Properties f
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Before using the Zoom Box...After u
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Printing Charts and DataIntroductio
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Chart Title. Check this box if you
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Use the Default Printer Settings. U
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All open charts are listedat the bo
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3. Click the Print What drop-list a
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Types of Price PlotsIf you close th
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Modifying a Price Plotbecause the d
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3. Click the OK button.KagiReversal
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See page 498 for interpretation inf
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3. Choose the desired price style a
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“Not” signCopying and Moving a
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To copy or move a price plot to a n
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• Select the price plot and choos
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ChartTips allow you to quickly disp
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Even when crosshairs are turned on,
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If an indicator is calculated on a
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Indicators buttonappear prompting y
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The following Properties dialog for
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The Horizontal Lines page allows yo
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Font Style. Choose the style for th
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Viewing Indicator Values with the D
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Time Periods. Enter the number of t
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efers to days if the chart contains
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Price Field. Choose the price field
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See page 167 for information on the
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median price (see page 481) is defi
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Parabolic SARThe parameters for the
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Price Rate-Of-ChangeThe parameters
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Random Walk IndexThe parameters for
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Relative Volatility IndexThe parame
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can edit the parameters of an exist
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the parameters of an existing plot
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Rate-of-Change. Enter the number of
Page 214 and 215:
Page 216 and 217:
Line studies are attached to the cl
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and the y-axis value as you are dra
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Start Date. This is the date/time t
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When you drag a line study and drop
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4. Release the mouse button.Deletin
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EllipseThe parameters for an Ellips
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For general information on line stu
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Quadrant LinesYou can edit the para
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line studies, see page 205. For int
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method displays five lines ranging
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Working with the InternetInternet I
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Internet Shortcut MenusWhen a chart
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Current price data for the active c
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Free Broker Recommendations and Res
Page 245 and 246:
The MetaStock Formula LanguageWhat
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Formula Functionscalculated). MetaS
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1. Enter what you do know in the Fo
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The first example calculates a stoc
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If you need to reference the value
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Of course, you could also assign mu
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The “P” Data Array IdentifierTh
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SpacingBlank spaces within formulas
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Error MessagesMost of the error mes
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FUNCTIONCalculates the predefined A
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standard deviations. Valid methods
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FUNCTIONReturns the cosine of DATA
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FUNCTIONPlots a +1 if DATA ARRAY 1
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Forecast OscillatorSYNTAX forecasto
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SEE ALSOThe hhv() function page 263
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FUNCTIONEXAMPLEInputSYNTAXFUNCTIONE
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of a 200-day moving average) then t
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Put another way, this function retu
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MinuteSYNTAXFUNCTIONminute()On an i
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EXAMPLESEE ALSOOutsideSYNTAXFUNCTIO
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Price Channel HighSYNTAX pricechann
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function (see page 272); the theta(
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EXAMPLEa negative PERIOD references
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Standard Error Band TopSYNTAXsteban
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EXAMPLE The formula "tsf( CLOSE, 10
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FUNCTIONCalculates the predefined V
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number of digits to the right of th
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Bearish Harami CrossSYNTAXbearharam
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DojiSYNTAXdoji()PATTERNINTERPRETATI
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PATTERNINTERPRETATIONHammerSYNTAXTh
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INTERPRETATIONMorning StarSYNTAXA m
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PATTERNINTERPRETATIONShooting StarS
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Creating Your Own IndicatorsWhat is
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2. Click the Display in QuickList c
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You can select multiplecustom indic
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Pasting Functions Into FormulasUse
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Prompt text. This defines the text
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Chaikin A/D OscillatorThe Chaikin O
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differences between the moving aver
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Binary Waves are the opposite of bl
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Interpreting a Binary WaveThe inter
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Division by zero. A formula is divi
Page 329 and 330:
Testing Your Trading IdeasWhat is a
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The General page of the System Edit
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Step 4 - View the Results1. When yo
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Buy Order rule in the following ill
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esults according to that column's v
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Buy Arrow, Sell Arrow, Stop Sign, E
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that tells you how much space on yo
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Sell OrderThis rule specifies when
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If two stops are triggered on the s
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OptimizationsNew. Opens the Variabl
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Select SecuritiesClick Add Securiti
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Ready to Begin TestThis dialog summ
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Delay order opening ____ bars. Ente
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The Results Detail View DialogPlot
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• Buy & Hold Performance - The pe
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A value of "-50" means that the sys
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Details, measured in bars, about th
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open, and you sell at $15, your eff
Page 365 and 366:
Printing ReportsYou can print the r
Page 367 and 368:
Specifying the Optimization Variabl
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In the above example, OPT1 has thre
Page 371 and 372:
this "after the fact" (an advantage
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The current position is determined
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Input() Function, Variables, and Mu
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If this were entered as the Buy Ord
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The Explorer Tutorialformula langua
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2. Enter the exploration name as "M
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A report showing the results will a
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Note that only those securities tha
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You can select multipleexplorations
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column formulas are written in Meta
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Stand-alone FiltersAlthough a filte
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Perhaps you want to divide your sec
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exploration. You can also use it to
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Viewing the ReportsUse a single sec
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Copy. Choose this to copy the entir
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Print. Choose this to print the con
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Long-term BullishThis exploration s
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• For your explorations to be val
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Using Pre-packaged Expertscolored r
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You can select multipleexperts by h
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Components of an ExpertHighlights.
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The expert ribbon is a small, narro
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The color and style of the symbol i
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To view Steve Achelis' pre-packaged
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You can also use the standard if()
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. This displays the date (and time
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…can be brought to life by using
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Writeif(cross(c,mov(c,21,s)," ")In
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Find What. Type the text to search
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Changing from bar to bar as describ
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20, and black when its between 20 a
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4. Click the Highlights tab.5. Chec
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system test. Much like the results
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Graphic. Choose the graphic to disp
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Move Up/Dn buttonsWhen the conditio
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Move Up buttonMove Down buttonMove
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Send alert to e-mail recipient. Che
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Expert Advisor button3. Choose the
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The syntax above is invalid because
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Interpretation of Indicators and Li
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Indicator Creator PageReferenceAccu
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Andrews' Pitchfork Andrews 449Envel
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Andrews' Pitchforkpenetrated, but a
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InterpretationIn his book, New Conc
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MetaStock Pro will use the previous
Page 463 and 464:
price action can help identify tops
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• The scale is bounded between +1
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InterpretationA high CSI rating ind
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predictability, even a quick glance
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Directional MovementSee page 163 fo
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the trendiness of the market using
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Fibonacci StudiesThe resulting char
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Forecast OscillatorFourier Transfor
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geometric patterns and angles had u
Page 481 and 482:
InterpretationBar charts, by themse
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of the Kagi chart is that when clos
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can be achieved. William's %R (see
Page 487 and 488:
To determine if the trend is statis
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Market Facilitation IndexIn a syste
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The Mass Index is designed to ident
Page 493 and 494:
Momentum =Closeref(Close,-10) x 100
Page 495 and 496:
Because most investors feel more co
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average to increase its sensitivity
Page 499 and 500:
Negative Volume IndexWhen you displ
Page 501 and 502:
that is the most important to us--p
Page 503 and 504:
InterpretationOn Balance Volume is
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Option ExpirationThe Option Expirat
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PerformanceThe Performance indicato
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Positive Volume Index• The middle
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• Expect a short-term pullback ag
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Where:C = Today's closing priceref(
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There are several ways to interpret
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negative), r-squared gives you the
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InterpretationMr. Poulos found sign
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Divergence. As discussed above, thi
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Relative Volatility Indeximpending
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If the market moves up more than th
Page 527 and 528:
Standard Deviation ChannelSimilarly
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Bands are plotted at standard devia
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Stochastic OscillatorInterpretation
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Support and Resistance LevelsOscill
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InterpretationWilder notes the foll
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Time Series Forecastwith this insof
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to the sell side. If the absolute v
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paper). If you draw a line at 45 de
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InterpretationVertical Horizontal F
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Volume Oscillatorof "1" for every i
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TipAn example custom indicator (see
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Williams' Accumulation/Distribution
Page 551 and 552:
AppendicesInformation About Your Co
Page 553 and 554:
Program PerformanceUsing OptionScop
Page 555 and 556:
Cohen, A.W. How To Use The Three-Po
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IndexAAbout MetaStock, 541Absolute
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Change security commands,83Channel
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viewing indicator values,174viewing
Page 563 and 564:
tips, 395tutorial, 370Exponent func
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Inactivity stop, 335Indent custom i
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Lowest low value function,268Lowest
Page 569 and 570:
Option() function, 276Optionsaccess
Page 571 and 572:
Reaction with volumefunction, 278Re
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interpretation, 518parameters, 197S
Page 575 and 576:
Trendline by angledrawing tips, 224
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