- Page 1 and 2: MetaStock®ProfessionalFor Windows
- Page 3: ContentsGetting Started............
- Page 8 and 9: Klinger Oscillator.................
- Page 11 and 12: Getting StartedWelcomeWhen you need
- Page 13 and 14: Quickstart buttonThe Quickstart Tut
- Page 15: interests, these clubs also offer a
- Page 18 and 19: Close buttonExiting MetaStock ProCh
- Page 20 and 21: OLE links are created by copying da
- Page 22 and 23: will automatically be reflected in
- Page 24 and 25: "Not" sign• You can drag and drop
- Page 26 and 27: Restore / MinimizeMaximize / Close
- Page 28 and 29: Many of the menu commands can be ac
- Page 30 and 31: The status bar also provides a brie
- Page 32 and 33: To edit the items shown on the cust
- Page 34 and 35: Enter the status bar prompt for thi
- Page 36 and 37: To change the color or line style o
- Page 38 and 39: The status bar is also very helpful
- Page 40 and 41: IndexThe Index page is used to sear
- Page 42 and 43: Access the Application Properties d
- Page 44 and 45: Show All chart title bars. Check th
- Page 46 and 47: Name. Type your name. Your name is
- Page 48 and 49: Your location. Select the current l
- Page 51 and 52: Collecting Your DataWhat is Data?Be
- Page 53 and 54: then retrieve any additional data t
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Create Buttonto the right of the de
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Delete Symbol. Click this button to
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Use volume from all contracts (Reut
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To edit local securities1. Right cl
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Replace vendor trade volume with ca
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The name of your data vendor appear
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MetaStock FileServerEquis Data Serv
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The New Security dialog also appear
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e correct in order for The DownLoad
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Chart ConceptsManaging Your Chartin
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History. Choose the History shortcu
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Open DialogThe Open dialog is used
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For information on saving charts, s
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The items on the Shortcut Bar give
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Remove Existing Charts. Choose this
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Deleting Chart and Layout FilesIf t
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Creating a New ChartNew buttonnext
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an open chart, use the New Window c
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If you use the Save command to save
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If you are in the middle of scannin
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You can also scroll through the dat
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monitor) to move to a shorter perio
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Creating a New LayoutNew buttonscal
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To select the layout to edit, you c
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Recycling Your Work withTemplatesWh
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If the template was created from a
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Making Changes to a TemplateSaving
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Customizing a Chart's AppearanceCha
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To control the display of the chart
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Left (Y-Axis). Check this box if yo
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If the title bar of a chart is not
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3. You can choose New Inner Window
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For information on modifying a char
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MetaStock Professional Customizing
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Note that you cannot close the last
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Displayed. The First Date and Last
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If the last day loaded is not the e
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Show Grid. Check this box if you wa
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Invert Scale. Check this box if you
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the "50" label, and dragging the mo
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Before using the Zoom In command...
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Zoom In buttonZoom Box mousepointer
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To select and configure your printe
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Fields. Click on the time, date, or
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Printing Charts and DataPrint butto
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Page Setup. Choose this button to a
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Working with Price PlotsIntroductio
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Kagi ChartLine ChartPoint & Figure
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You can also use the TABkey to cycl
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Point & FigureBox Size. Enter the B
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Also note that certain line studies
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The DownLoader iconYou can run The
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MetaStock Professional Working with
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Overlay without Scale. Overlay the
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Data Window buttonclose, volume, op
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Changing the Properties of the Data
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Working with IndicatorsWhat is an I
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Using the Indicator QuickListThe In
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excluding those you seldom use. Thi
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Color/Style PageThe Color/Style pag
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When the Auto Rotate checkbox on th
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4. Choose the desired option from t
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within the indicator's Properties d
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See page 167 for information on the
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indicator today will predict a chan
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Method. Choose the moving average c
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Herrick Payoff IndexThe parameters
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Linear Regression SlopeThe paramete
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chart contains daily data, weeks fo
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See page 167 for information on the
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Positive Volume IndexThe parameters
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the parameters of an existing plot
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Time Periods. Enter the number of t
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Standard ErrorThe parameters for th
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Swing IndexThe parameters for the S
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Typical PriceThere are no parameter
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Volume Rate-Of-ChangeThe parameters
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Working with Line StudiesWhat is a
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The Five Groups of Line StudiesThe
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The following Properties dialog for
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You can also change the color and l
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To adjust a line study1. Position t
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Line Study ParametersAndrews' Pitch
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Fibonacci FansYou can edit the para
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Linear Regression requires actual p
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See page 209 for information on the
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Deletion of Objects" option in the
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First Value. This is the y-axis val
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Collecting Data through the Interne
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The Internet functionality built in
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A list of the put or call options a
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Equis on the WebThe information on
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Price array identifiers can be abbr
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Function ParametersAs you've probab
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Exploring the PasteFunctions dialog
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if(macd() > 0 and rsi(14) > 70, +1,
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access online data will take longer
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trough(3,L,1))/Trough(3,L,1))
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To run a system test, exploration,
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CONSTANT: A specific type of parame
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The formula "mov(macd(), 74, E)" wi
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FUNCTIONCalculates the Aroon Down c
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FUNCTIONCalculates the predefined C
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EXAMPLE delta( EC, 961220, 125, 7.5
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EXAMPLEThe formula "emv(14,S)" retu
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EXAMPLEThe formula "frac( 10.7 )" r
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ecent occurrence of the close cross
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SEE ALSOThe ceiling() function (see
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FUNCTIONEXAMPLECalculates the numbe
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FUNCTIONCalculates the predefined M
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VOL).EXAMPLE The formula "mov( CLOS
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PerformanceSYNTAXFUNCTIONper()Calcu
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Projection Band TopSYNTAX Projbandt
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FUNCTIONCalculates the predefined R
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Selling PressureSYNTAXFUNCTIONsellp
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FUNCTIONCalculates the predefined S
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FUNCTIONEXAMPLECalculates the prede
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FUNCTIONCalculates the predefined W
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Candlestick FunctionsThe Candlestic
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PATTERNINTERPRETATIONBullish Harami
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PATTERNINTERPRETATIONEvening StarSY
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PATTERNINTERPRETATIONLong Lower Sha
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PATTERNINTERPRETATIONSeparating Lin
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INTERPRETATIONTweezer BottomsSYNTAX
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Indicator Builder TutorialThe Basic
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Custom indicator icon2. Drag the cu
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Functions. This displays the Paste
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Creating Custom Indicators with Mul
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In almost all cases you will want t
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On Balance VolumeThe following form
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Achelis Binary WavesThis also can b
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earish, its value will be -4; when
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You could then buy long when the co
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Remove this indicator from the char
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Enhanced System Tester TutorialThis
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If a syntax error exists in your tr
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system had been followed. The botto
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5. Enter "Moving average periods" a
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New System. Opens the System Editor
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The Cleanup WizardThe cleanup wizar
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GeneralYou can edit a system’s na
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only provide data 20 minutes after
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in a long position and a downward p
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Testing SystemsWhen you click the N
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TradingPoints Only Test Check this
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Money Market This interest rate is
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View All Results Select any single
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Summary ReportThis report provides
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The percentage of the total possibl
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Accounting• Initial Equity - The
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Size. Indicates how many shares the
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Equity ReportThe Equity Report incl
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OptimizationOptimizing a system inv
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Description. You can enter an optio
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• Test the system on different ti
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The following is an example of an e
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percentages), no interest can be ea
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Buy Order: macd() > 0 AND CLOSE > m
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Ranking and Screening SecuritiesWha
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The Explorer buttonThe Explorer Dia
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to retype formulas that you have al
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Enter the following into the Filter
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The Explorer DialogThe Explorer but
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Creating an Explorationcalculated w
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Use Filter. Check this box to enabl
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History. Choose the History shortcu
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Running the ExplorationPrint What.
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To run an exploration in the backgr
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will appear. The name assigned to t
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To control the primary, secondary,
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Sample ExplorationsCopying Reports
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Column D:Column E:Column F:roc(clos
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Getting Expert Advice on YourSecuri
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3. Choose Expert Advisor and then A
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dialog is the desired size. This is
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Defining Bullish and Bearish Trends
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Display Ribbon in Chart. Check this
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and writeval() functions are the ke
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In English, the previous statement
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The following shows the resulting c
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Controlling the Look of Commentarie
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ActionBold toggleUnderline toggleIt
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Accessing the Videos on the MetaSto
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Docking the Commentary WindowThe Co
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• Use constants to inform the rea
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Specifying the Condition for a High
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Move Up/Dn buttonsWhen the conditio
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evaluated as either true or false.
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Sample SymbolsThe following illustr
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address or pager. For example, you
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Function. Click this button to disp
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will begin playing—informing you
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Printer. Choose the desired printer
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Execution Errors in an Expert• Ex
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Qstick Indicator Chande 508r-square
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MESA Sine Wave Indicator Ehlers 484
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Accumulation/DistributionAccumulati
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Average True Rangeother hand, overb
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Candlesticks, Japanese• Bottoms/t
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concept which views the total volum
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Chande Momentum Oscillatorsum(((( C
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Commodity Channel IndexCommodity Se
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• Correlation of a security's pri
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Detrended Price OscillatorThe calcu
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Dynamic Momentum Indexprice on the
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EnvelopeAn envelope is comprised of
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Retracements (page 217), and Fibona
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ather than minutes. The FFT sacrifi
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Herrick Payoff IndexHigh/Low/Close
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Intraday Momentum IndexThe Intraday
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The KO was developed with two seemi
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Linear Regression SlopeRather than
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trending up, a better guess might b
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+ - SquatGreen. This bar shows an i
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MESA Sine WaveThe MESA Sinewave ind
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Moving Averages• Look for diverge
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the specified number of periods for
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The following table shows how a 5-d
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ODDS Probability ConesC = Today's c
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the width of the cones. As you migh
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TipAn example custom indicator (see
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Option ThetaTheta shows the change
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Pro uses the high and low prices to
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Price ChannelPrice Channels are sim
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Price Volume TrendRate-Of-Change in
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Projection Oscillatorbands represen
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Values above zero indicate a majori
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Raff Regression ChannelRandom Walk
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Relative Momentum Indexcurrencies w
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TipRelative Strength IndexWhen usin
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“Technicians are tempted to use o
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Standard DeviationA spread is calcu
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Standard Deviation Channels can be
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See page 205 for more information o
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41 - 3846 - 38 = 3 / 8 = 0.375The 0
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Savvy investors could see that Moto
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Three Line BreakThree Line Break ch
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ather than averaging them, the Time
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points) to illustrate price support
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change in "points multiplied by 1,0
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difference between the daily high a
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Volume Rate-Of-Changehow shorter-te
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For more information on the interpr
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The Zig Zag indicator can be useful
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Choose the "Workstation" option fro
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Suggested ReadingThe following book
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Merrill, Arthur A. Filtered Waves-B
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Average directionalmovement functio
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Convertingcustom formulas, systemte
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interpretation, 463parameters, 180E
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Futures, adding with thesymbol data
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JJapanese candlesticksfunctions, 28
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parameters, 187plotting, 163Mp() fu
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parameters, 191Price oscillatorfunc
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changing with drag anddrop, 126font
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testing, 322tips, 359trading rule s
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Volume rate-of-changeinterpretation