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Paritech Performance Criteria
 It is recommended that all stocks within a portfolio meet not
only certain fundamental criteria (i.e. the company is in a sound
financial position with good medium to long term prospects), but
also that weekly price performance measures are applied to ensure
that each stock is contributing to the overall growth of the
portfolio.
This Expert Advisor is designed for use by investors who are looking
to apply weekly "performance criteria" to their portfolio of stocks.
The Green bars identify technical characteristics which are
associated with positive short term price momentum whilst the Red
bars signify characteristics associated with negative short term
price momentum. An investor may wish to take into account the
current direction of price action when looking to enter, add to or
exit a position.
To install the MetaStock version of the Paritech Performance
Criteria, simply open the Expert Advisor click on "New" and copy the
information form the table below to the appropriate locations and
click finish. You will now have the Paritech Performance Criteria
Expert Advisor.
Name: Paritech - Performance
Criteria Expert
Name Notes:
It is recommended that all stocks within a portfolio meet
not only certain fundamental criteria (i.e. the company is in a
sound financial position with good medium to long term
prospects), but also that price performance measures are also
applied to ensure that each stock is contributing to the overall
growth of the portfolio.
This Expert Advisor is designed for use by investors who are
looking to apply "performance criteria" to their portfolio of
stocks. The Green bars identify bullish short term trends whilst
the Red bars signify bearish short term trends. An investor may
choose to enter on Green trends and exit or review their
positions on Red. Bullish and Bearish trends are to be viewed
using weekly data.
Trends:
Bullish - PDI(14)-MDI(14)>0
Bearish - PDI(14)-MDI(14)<0
Commentary:
Before making an investment decision on the basis of this
software you should consider with or without the assistance of a
securities advisor, whether the advice is appropriate in light
of your particular investment needs, objectives and financial
circumstances.
Highlights
NAME: Bullish Trend (Lime Green)
PDI(14)-MDI(14)>5 AND PDI(14)-MDI(14)>= Ref(PDI(14)-MDI(14),-2)
OR
((Mov(C,4,S)>Mov(C,9,S) AND Mov(C,4,S)>Mov(C,18,S) AND
Mov(C,4,S)>Ref(Mov(C,4,S),-1))) AND Mov(C,9,S)>Mov(C,100,E) AND
Mov(C,18,S)>Mov(C,100,E) AND Mov(C,34,S)>Mov(C,100,E) AND
Mov(C,100,E)>Ref(Mov(C,100,E),-1)
Highlights
NAME: Bearish Trend (Red)
PDI(14)-MDI(14)<=4 OR PDI(14)-MDI(14)<= Ref(PDI(14)-MDI(14),-2)
OR Alert(Mass(25)>26.5 AND Mass(25)<= Ref(Mass(25),-1),5) OR
Mov(C,4,S)<=Mov(C,9,S) |
Once installed this will automatically add the Paritech
Performance Criteria Expert to your MetaStock Expert list. To run,
simply open MetaStock, select your stocks and apply this Expert from
the MetaStock Experts entry.
* Please note that this requires version 7.2 of MetaStock to run.
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