I know a lot of MetaStock users are a little frightened of the formula language. Here's a quick primer on how to build a Watch list exploration. It 's actually quite simple.
Let's say we want to create a watch list that consists of Stocks that are"
- Above $5
- Below $50
- Traded at least 500,000 shares
To Create an Exploration, simply open up the Explorer and hit on new. It should look like this :
Under Name we would title our Exploration.
Since this is designed to "filter" out stocks that we are not interested in - we can go to the Filter Tab.
Creating basic Explorations is extremely easy. In the case of our code above here's how we would say this in MetaStock:
- Above $5 = Close >5
- Below $50 = Close <50
- Traded at least 500,000 shares = Volume > 500000
In essence to create this exploration you would say the following in the filter tab:
close >5 and Close <50 and Volume >500000.
It will look like this when you are done: