- 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 14 and 15: Getting HelpEquis International sta
- 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: Custom ToolbarThe custom toolbar pr
- 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
- Page 66 and 67: The following are the Equis Data Se
- Page 68 and 69: Controlling the Message LevelsAs th
- Page 70 and 71: Create ButtonThe DownLoader icondes
- Page 72 and 73: • The data for the current tradin
- Page 74 and 75: Opening, Closing and Saving (Genera
- Page 76 and 77: File Description. Enter a descripti
- Page 78 and 79: Periodicity. Choose the desired per
- Page 80 and 81: Save in. Use the drop-list to selec
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folder only. If you open IBM from t
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the Symbol Database. The Properties
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Saving Your Work with ChartsWhat is
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Displaying Existing ChartsOpen butt
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Specifying the Date Range When Load
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To close a chart1. Select the chart
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Use Smart Charts. Choose this optio
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This command is useful for quickly
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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
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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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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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Time Periods. Enter the number of t
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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
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Time Periods. Enter the number of t
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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
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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
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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
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Printing ReportsYou can print the r
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Specifying the Optimization Variabl
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In the above example, OPT1 has thre
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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
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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
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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
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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
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Momentum =Closeref(Close,-10) x 100
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Because most investors feel more co
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average to increase its sensitivity
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Negative Volume IndexWhen you displ
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that is the most important to us--p
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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
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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
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AppendicesInformation About Your Co
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Program PerformanceUsing OptionScop
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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
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tips, 395tutorial, 370Exponent func
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Inactivity stop, 335Indent custom i
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Lowest low value function,268Lowest
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Option() function, 276Optionsaccess
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Reaction with volumefunction, 278Re
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interpretation, 518parameters, 197S
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Trendline by angledrawing tips, 224