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MetaStock
Formula - What
are the Explorations Equis uses to determine the
listed Hot Picks on the Equis Website each week?
For use on MetaStock 7.2
rev. 09/02/97
Following are the
explorations for each list Equis displays. To use
them in your MetaStock software , you will need to enter them into your
exploration file.
Stocks
with Bullish Engulfing Lines
| ColA:
CLOSE
ColB:
Volume
Mov(V,70,S)
Filter:
EngulfingBull() AND ROC(C,60,%)<-15
AND BarsSince(Stoch(9,1)<10)<=3
AND Year()=1997
Filter
enabled Yes
Periodicity
Daily
Records
required 1300
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Stocks
with Bearish Engulfing Lines
| Col
A: CLOSE
ColB:
Volume
Mov(V,70,S)
Filter:
EngulfingBear() AND ROC(C,60,%)>15
AND BarsSince(Stoch(9,1)>90)<=3
AND Year()=1997
Filter
enabled Yes
Periodicity
Daily
Records
required 1300
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Stocks
up > 20% on double average volume
| Col
A: CLOSE
Col
B:ROC(C,5,%)
Filter
ROC(C,5,%)>=20 AND
Mov(V,5,S)>=(2*Ref(Mov(V,60,S),-5))
Filter
enabled Yes
Periodicity
Daily
Records
required 1300
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Stocks
down > 20% on double average volume
| Col
A: CLOSE
Col B:
ROC(C,5,%)
Filter
ROC(C,5,%)<=-20 AND
Mov(V,5,S)>=(2*Ref(Mov(V,60,S),-5))
Filter
enabled Yes
Periodicity
Daily
Records
required 1300
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Stocks
Crossing Above 200-day Moving Average on Twice
Average Volume
| Filter
(C>Mov(C,200,S) AND Ref(C,-5)<Ref(Mov(C,200,S),-5))
AND C>5 AND V>Mov(V,200,S)*2 |
Stocks
Crossing Below 200-day Moving Average on Twice
Average Volume
| Filter
(C<Mov(C,200,S) AND Ref(C,-5)>Ref(Mov(C,200,S),-5))
AND C>5 AND V>Mov(V,200,S)*2 |
Stocks
consolidating over the last 16 weeks
| Col
A: CLOSE
Filter
Fml("congestion index")
<= 10 AND
BarsSince(Fml("congestion
index")>10) > 0
Filter
enabled Yes
Here
is the "congestion index"
formula:
((HHV(C,80)-LLV(C,80))/LLV(C,80))*100
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Stocks
breaking out of consolidation (upside)
| Col
A: CLOSE
Filter:
Fml("Consolidation breakout
(upside)") = 1
Filter
enabled: Yes
Here
is the "consolidation
breakout(upside)" formula:
If(Ref(Fml("congestion
index"),-5),<,10,
{and}
If(Fml("congestion
index"),>=,10,
{and}
If(CLOSE,>,Ref(HHV(C,80),-5),
{and}
If(Mov(V,5,S),>=,1.5*(Ref(Mov(V,60,S),-5)),
+1,0),0),0),0)
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Stocks
breaking out of consolidation (downside)
| Col
A: CLOSE
Filter:
Fml("Consolidation breakout
(downside)") = 1
Filter
enabled: Yes
Here
is the "consolidation
breakout(downside)" formula:
If(Ref(Fml("congestion
index"),-5),<,10{%},
{and}
If(Fml("congestion
index"),>=,10{%},
{and}
If(CLOSE,<,Ref(LLV(C,80),-5),
{and}
If(Mov(V,5,S),>=,1.5*(Ref(Mov(V,60,S),-5)),
+1,0),0),0),0)
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Most
volatile stocks over last 16 weeks
| Col
A: CLOSE
Col B:
Vol(10,80)
Filter:
Vol(10,80)>200
Filter
enabled: Yes
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Biggest
% gainers over last week (Report determined by
sort order)
| Col
A: CLOSE
Col B:
ROC(C,5,%)
Filter:
(ROC(C,5,%)>10 OR ROC(C,5,%)<-10)
AND C>5
Filter
enabled: Yes
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Biggest
% losers over last week (Report determined by sort
order)
| Col
A: CLOSE
Col B:
ROC(C,5,%)
Filter:
(ROC(C,5,%)>10 OR ROC(C,5,%)<-10)
AND C>5
Filter
enabled: Yes
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Most
overbought\oversold stocks (Report determined by
sort order)
| Col
A: CLOSE
Col B:
Fml("ob/os summation")
Filter:
Fml("ob/os summation") >
450 OR Fml("ob/os summation")
< -50
Filter
enabled: Yes
Here
is the "ob/os summation"
formula:
RSI(25)+Stoch(25,3)+Mo(25)+CCI(25)
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