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MetaStock
Formula - John Hunt Exploration
Place in FILTER
section of MetaStock Exploration. No other
information need be entered in the Exploration
columns.
When(C-Mov(C,25,S),>,0)
AND
When(Ref(C-Mov(C,25,S),-1),<=,0) AND
When(HHV(Mov(Ref(C-Mov(C,25,S),-1),3,S),19),<=,0)
AND
When(C,<,0.8*HHV(C,260)) |
This means: when
today's (close - moving average) > 0, when
yesterday's (close - moving average) <= 0, when
highest value of 3 day moving average of
yesterday's (close - moving average) over past 19
days <= 0, and finally, when today's close <
80% of highest value of all closes for past year
(the third test is to eliminate past false
breakouts). |
