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:
2 comments:
Building a Watch List from filtering criteria is a fundamental step in technical analysis or trading. This article emphasizes this.
Creating a personalized watch list based on specific filtering criteria is one of the most essential habits for any trader or investor. It allows you to focus on assets that truly fit your trading strategy instead of getting lost in market noise. By filtering through technical indicators, price movements, and volume data, you can narrow down potential opportunities and monitor them efficiently.
Post a Comment