Transcription of Formula Primer II - MetaStock
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Formula Primer II - MetaStock
Advanced Formula WritingFormula Primer IIPrinted in the USAAll Rights ReservedCopyright 2017 MetaStock4548 South Atherton Dr, Suite 200 Salt Lake City, UT 84123 of ContentsChapter 1: 5An Approach to Formula Writing ..5 The Proper Mind-set ..5 What is not covered ..6 Chapter 2: A Firm 7 Defining the end result ..7 Know your environment ..8 Know your tools ..9 Chapter 3: Customizing the 10 Average True Range ..10A Wilder Smoothing Method ..12 Volume with the RSI ..13 Chapter 4: Simulation 17 What are Simulation Functions ..17 Tracking Positions ..17 Counting Equity ..19 Trade Entry Price ..21 That does not always work ..222 Chapter 5: Line 24 Horizontal lines ..24 fibonacci Retracement ..25 Automatic Trendlines.
• Fibonacci levels • Pivot points If a formula is to be written that uses support, a method of identifying that support must be defined. The method used will affect the final result as each method will likely find support at different price levels. In places they may be the same, or nearly so, but in others the values will be
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