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Indicators
Examples and interpretation of many commonly used
indicators.
Custom
Formulas
Custom explorations, indicators and trading systems.
Price
Charts
Examples and interpretation of all charts used in
technical analysis.
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MetaStock
Indicator - Trendline
Formula
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Trough(1,L,10)+
((((Trough(1,L,10)-Trough(2,L,10))
/
(TroughBars(2,L,10)-TroughBars(1,L,10)))
*TroughBars(1,L,10)))
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This formula will
draw a trendline from the most recent bottom.
The L (low) can be
changed to C (close) and the 10 can be changed to
a different percent value.
You will also need
to change the line style to the last one in
thedrop down list. |
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