V.18:2 (73-76):Traders ’ Tips

METASTOCK

In the November 1999 issue of STOCKS & COMMODITIES, Benjamin Cotton introduced the target price indicator in “Triggering Your Trading Signal.” To recreate this indicator in MetaStock 6.52 or higher, select “Indicator builder” from the Tools menu, click New, and enter the following formula:

For the BogiePX enter:

x:=Input(“length of 1st moving average”,2,200,5);

y:=Input(“length of 2nd moving average”,2,200,10);

((y*Sum(C,x-1))-(x*Sum(C,y-1)))/(x-y)

For the percent change,enter the following formula:

x:=Input(“length of 1st moving average”,2,200,5);

y:=Input(“length of 2nd moving average”,2,200,10);

((((y*(Sum(C,x-1))-(x*Sum(C,y-1)))/(x-y))/Close)-1)*100

—Cheryl Elton, Equis International

http://www.equis.com