Friday, February 13, 2015

MetaStock Trend Filter

This is my most recent trend filter I've been reviewing, its about as simple as they come and basic to read:

ColA
3 month trend with min 10% increase from 3 month close
(C>(Ref(C,-60))AND
C>(Ref(C,-40))AND
C>(Ref(C,-30))AND
C>(Ref(C,-20)))AND
C>(Ref(C,-60)*1.1)


ColB
Trend check - Stock hasn't closed below the close 20 period ago, for the last 20 periods

BarsSince(C<(Ref(C,-20)))

Filter
(colD AND colE)
AND colE>20

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