LeonWilson Metastock Exploration

All the following formulas are from Leons wilsons book “ Next step to share trading “ for easy copying to metastock

Exploration TrendingSearch

“Locates stock with a closing price greater than $0.20.Volume is >200000 and the price oscillator is higher than 3.0% and less than 10%.The price oscillator is greater than Yesterday”

OscP(8,48,E,%)>=3 And OscP(8,48,E,%)<=10 AND  Close>=0.20 AND Volume>=200000 and OscP(8,48,E,%)>Ref(OscP(8,48,E,%),-1)

Adjusted Volume

MovAveA:=Input("Short Term Moving Average on Volume",3,34,5);

MovAveB:=Input("Long Term Moving Average on Volume",35,250,50);

MaxVal:=Input("Maximum allowable Volume",.1,5,2);

MaxVol:=MaxVal * (Mov(VOLUME,MovAveB,E));

Adjustment:=VOLUME-(VOLUME-MaxVol);

If(VOLUME>MaxVol,Adjustment,If(VOLUME<MaxVol,VOLUME,VOLUME));Mov(If(VOLUME>MaxVol,Adjustment,If(VOLUME<MaxVol,VOLUME,VOLUME)),MovAveA,E);

Mov(If(VOLUME>MaxVol,Adjustment,If(VOLUME<MaxVol,VOLUME,VOLUME)),MovAveB,E);

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OBV index:

Periods:=Input(“OBV Periods”,1,55,21);

Smooth:=Input(“Smoothing Periods”,1,21,3);

Trigger:=Input(“Trigger Line”,1,35,13);

Up:=(Sum(if(OBV()>Ref(OBV(),-1),0,OBV()-Ref(OBV(),-1)),Periods));

Down:=(Sum(if(OBV()<Ref(OBV(),-1),0,Ref(OBV(),-1)-OBV()),Periods));

Value:=(100-(100/(1+((Down+0.000001)/Up))));

Mov(Value,Smooth,E);

Mov(Value,Trigger,E);

20;80;

=---------------------------------------------------------------------------------------------

Indicator name-Market sentiment

MaxVol:=2*(Mov(Volume,50,E));

Adjustment:=Volume-(Volume-MaxVol);

Value:=if(Volume>MaxVol,Adjustment,If(Volume<MaxVol,Volume,Volume));

Up:=If(Close>Ref(Close,-1),(Close-Ref(Close,-1))*Value,(Close,Ref(Close,-1))*Value);

Mov(Sum(Up,21)-Sum(Down,21),3,E);

0;

Indicator name-DEMA offset

Value:=Input(‘Periods in MMA-ROC’,1,55,21);

Trigger:=Input(‘Trigger Line’,1,55,13);

SHORT:(Mov(C,3,E) +Mov(C,5,E)+Mov(C,7,E)+Mov(C,9,E)+Mov(C,11,E)+Mov(C,13,E));

LONG:(Mov(C,30,E) +Mov(C,34,E)+Mov(C,38,E)+Mov(C,42,E)+Mov(C,46,E)+Mov(C,50,E));

MMACD:=((Short-Ref(Short,-Value))/Ref(Short,-Value))*100;

MMACD1:=Mov(Mov(MMACD,Value,E);

MMACD-MMACD1;

Mov(MMACD-MMACD1,Trigger,E);

0;

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Indicator Name-MMA-ROC-H

Value:=Input(‘Periods in MMA-ROC’,1,55,21);

SHORT:(Mov(C,3,E) +Mov(C,5,E)+Mov(C,7,E)+Mov(C,9,E)+Mov(C,11,E)+Mov(C,13,E));

LONG:(Mov(C,30,E) +Mov(C,34,E)+Mov(C,38,E)+Mov(C,42,E)+Mov(C,46,E)+Mov(C,50,E));

((Short-Ref(Short,-Value))/Ref(Short,-Value))*100- ((Long-Ref(Long,-Value))/Ref(Long,-Value))*100;

0;

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Indicator Name-MMA-ROC

Value:=Input("Periods in MMA-ROC",1,55,21);

SHORT:=(Mov(C,3,E) +Mov(C,5,E)+Mov(C,7,E)+Mov(C,9,E)+Mov(C,11,E)+Mov(C,13,E));

LONG:=(Mov(C,30,E) +Mov(C,34,E)+Mov(C,38,E)+Mov(C,42,E)+Mov(C,46,E)+Mov(C,50,E));

((Short-Ref(Short,-Value))/Ref(Short,-Value))*100;

((Long-Ref(Long,-Value))/Ref(Long,-Value))*100;

0;

====================================

MMACD-H

SHORT:(Mov(C,3,E) +Mov(C,5,E)+Mov(C,7,E)+Mov(C,9,E)+Mov(C,11,E)+Mov(C,13,E));

LONG:(Mov(C,30,E) +Mov(C,34,E)+Mov(C,38,E)+Mov(C,42,E)+Mov(C,46,E)+Mov(C,50,E));

((Short-Long)/Long)*100 –Mov((Short-Long)/Long)*100,9,E);

0;

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MMACD

SHORT:(Mov(C,3,E) +Mov(C,5,E)+Mov(C,7,E)+Mov(C,9,E)+Mov(C,11,E)+Mov(C,13,E));

LONG:(Mov(C,30,E) +Mov(C,34,E)+Mov(C,38,E)+Mov(C,42,E)+Mov(C,46,E)+Mov(C,50,E));

((Short-Long)/Long)*100;

Mov((Short-Long)/Long)*100,9,E);

0;

===================================

Leon Wilson MMA CrossOver

SHORT:(Mov(C,3,E) +Mov(C,5,E)+Mov(C,7,E)+Mov(C,9,E)+Mov(C,11,E)+Mov(C,13,E));

LONG:(Mov(C,30,E) +Mov(C,34,E)+Mov(C,38,E)+Mov(C,42,E)+Mov(C,46,E)+Mov(C,50,E));

MMACD:=((SHORT-LONG)/LONG)*100;

MMACD>0 AND Ref(MMACD,-1)<=0;

==================================

Leon Wilson MMA CrossOver 3% separation

 

SHORT:(Mov(C,3,E) +Mov(C,5,E)+Mov(C,7,E)+Mov(C,9,E)+Mov(C,11,E)+Mov(C,13,E));

LONG:(Mov(C,30,E) +Mov(C,34,E)+Mov(C,38,E)+Mov(C,42,E)+Mov(C,46,E)+Mov(C,50,E));

MMACD:=((SHORT-LONG)/LONG)*100;

MMACD>3 AND Ref(MMACD,-1)<=3;

Money Flow Index (MFI)

MFI>70 overbought (Bearish)

MFI<70 Oversold(Bullish)

Bollinger Methods

The squeeze anticipates high volatility following a low volatility.

You must combine volume indicators to confirm the validity of the squeeze.

After plotting the intraday intensity(II) i found it was behaving same as chaiken money flow index.

and  II was much better in showing the results than A/D.

So the volume indicators i short listed are Chaiken and MFI indicators.

-If you are long and the price tags(touches) upper band with the indicator neutral, take that as warning to tighten up your stops or exercise increased vigilance.If the indicator is negative its outright sell signal.

-Remember the W and M patterns near bottom and tops in bands.

 

 

 

Bollinger band bandwidth :If the value of this indicator is less than 10 it gives me all stocks with less volatility or consolidating or trying to break out squeeze

Bolling %b: this indicator gives where the price is with respect to bands >80 is upper band and <20 is lower band.

 

 

 

 

Exploration:

Bandwidth<5;

 

 

 

 

Method 2 explorations found good results with this for short:

Ref(Fml( "BBS - Bollinger Band %b"),-4) >80 AND  MFI(10)>70

Bollinger Bands

-Overbought and oversold needs to be confirmed with other indicators

page 84-86 good read again

-

Explorations i Found good so far in metastock

PS Consolidation

-identify congestion

-draw a line

-trade on the break out of the line

PS Cooper1234

-Showing results that have trended and pulled back to re enter

PS Impulse meter

-this is giving good results

PS Meisels Overbought/Oversold (Signal)

-Showing consistent results only

Books to read

Influence : The Psychology Of Persuasion by Cialdini Robert B

Secrets of power negotiating by roger dawson

 

The Magic of Thinking Big.Dr. David J. Schwartz

MY Trading Plan

 

 

 

1.Dividends:

-Go to investsmart.com.au look at upcoming ex-dividend timetable

-Look at security in IG is it tradable can i go long on this if yes enter the trade at right moment with stop losses.

(I need to see how well i can position my self if i go short).