MetaStock® Professional

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Your location. Select the current location of your computer. Click theDialing Properties button to re-configure the selected location.Online Data Vendor PageThe controls on the Online Data Vendor page of Application Propertiesare explained in detail in the vendor features chapter of your GettingStarted manual. This page is available only if you chose an onlinevendor during installation.Enlarging the Space Allotted for ChartsIf you want more screen space allotted for your charts, you may want totry the Full Screen command in the View menu. Enabling Full Screenmode increases the space allotted for charts by about 10%. It does thisby removing the application's title bar, the menu bar, and the status bar.You can even expand the screen further by removing the toolbars withthe Toolbars command in the View menu.The following illustration shows a maximized chart in Full Screen mode.Notice the Close Full Screen button in the bottom right corner of thescreen.38 • The Workplace MetaStock <strong>Professional</strong>
Even though the menu bar is not visible in Full Screen mode, you canstill access it with the accelerator keys (ALT+F, ALT+E, ALT+V, ALT+I,ALT+O, ALT+T, ALT+W, and ALT+H). For example, to access the Toolsmenu you can press ALT+T.Restoring the Screen to Normal ViewTo return the screen to normal view while in Full Screen mode, click theClose Full Screen button that appears on the screen.Or right-click on the empty workspace and uncheck the Full Screenoption from the Application shortcut menu.You can also press ALT+V and uncheck Full Screen from the View menuto return to normal view.Using Dual Monitors with MetaStock ProMetaStock Pro supports dual monitor capacity. To maximize MetaStockPro on both monitors, choose Full Desktop from the View menu.MetaStock <strong>Professional</strong> The Workplace • 39
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 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: automatically be removed from the c
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
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
Page 97 and 98: This command is useful for quickly
Page 99 and 100:
Combining Multiple Charts withLayou
Page 102:
Scanning Charts in a LayoutMaking C
Page 106 and 107:
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
Page 118 and 119:
Center. Choose the information to d
Page 120 and 121:
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
Page 126 and 127:
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
Page 170 and 171:
ChartTips allow you to quickly disp
Page 172 and 173:
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
Page 188 and 189:
Page 190 and 191:
efers to days if the chart contains
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Price Field. Choose the price field
Page 194 and 195:
Page 196 and 197:
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
Page 202 and 203:
Price Rate-Of-ChangeThe parameters
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Random Walk IndexThe parameters for
Page 206 and 207:
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
Page 226 and 227:
EllipseThe parameters for an Ellips
Page 228 and 229:
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
Page 237 and 238:
Working with the InternetInternet I
Page 239 and 240:
Internet Shortcut MenusWhen a chart
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Current price data for the active c
Page 243 and 244:
Free Broker Recommendations and Res
Page 245 and 246:
The MetaStock Formula LanguageWhat
Page 247 and 248:
Formula Functionscalculated). MetaS
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1. Enter what you do know in the Fo
Page 251 and 252:
The first example calculates a stoc
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If you need to reference the value
Page 255 and 256:
Of course, you could also assign mu
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The “P” Data Array IdentifierTh
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SpacingBlank spaces within formulas
Page 261 and 262:
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
Page 495 and 496:
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
Page 533 and 534:
Support and Resistance LevelsOscill
Page 535 and 536:
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
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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
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Option() function, 276Optionsaccess
Page 571 and 572:
Reaction with volumefunction, 278Re
Page 573 and 574:
interpretation, 518parameters, 197S
Page 575 and 576:
Trendline by angledrawing tips, 224
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