MetaStock Custom Formula Collection

                    If you can't find the custom formula you need here, or elsewhere, Equis International can create formulas for a

                    fee. If you would like more information on this service, click here.

                    Many of these formulas have been features in Technical Analysis of Stocks & Commodities. If you would like to

                    purchase a particular issue click here.

                    Absolute Breadth Index {$%*} rev. 01/06/97

                    Advance / Decline Line with Negative Volume {%*} rev. 01/06/97

                    Adaptive Moving Average, by Perry Kauffman  {#}  rev. 01/14/98

                    Arms Index (TRIN) {$%*} rev. 01/06/97

                    Aroon Indicators, by Tushar Chande {$%*} rev. 01/06/97

                    "Average-Modified Method", by Perry Kauffman {#} rev. 10/27/97

                    Bollinger Bands {$%*} rev. 01/06/97

                    Breadth Thrust {$%*} rev. 01/06/97

                    CCI Moving Average Crossover System Test {$%*} rev. 01/06/97

                    Chande's Momentum Oscillator {$%*} rev. 01/06/97

                    Combining Trend and Oscillator Signals" System Test {*} rev. 01/06/97

                    Commodity Channel Index Buy & Sell Signals {$%*} rev. 01/06/97

                    Comparative Relative Strength in MetaStock for Windows {%*} rev. 01/06/97

                    Comparative Relative Strength in MetaStock for DOS 4.x {$} rev. 01/06/97

                    Comparative Relative Strength Exploration {%*} rev. 01/06/97

                    Coppock Curve {$%*} rev. 01/06/97

                    Derivative Moving Average {$%*} rev. 01/21/97

                    Detrended Price Oscillator {$%*} rev. 01/06/97

                    Disparity Index {$%*} rev. 01/06/97

                    Displaying the Price of a Security in 32nds and 64ths {$%*} rev. 01/06/97

                    Divergence between the Close and an Indicator {%*} rev. 03/18/97

                    Dynamic Momentum Oscillator {$%*} rev. 01/06/97

                    Elder Ray and The Force Index in MetaStock for Windows {%*} rev. 01/06/97

                    Elder Ray and Force Index in MetaStock for DOS {$} rev. 01/06/97

                    End Point Moving Average {$%*} rev. 01/06/97

                    End Points of a Linear Regression Line with Standard Deviations {%*} rev. 01/06/97

                    Genesis of a Simple Futures Trading system {%*} rev. 04/04/97

                    Historical Volatility System, Connors and Raschke's {$%*} rev. 02/24/97

                    Historical Volatility Daily {%*} rev. 01/21/97

                    Historical Volatility Weekly {%*} rev. 01/21/97

                    Investors Preference Indicator {#} rev. 01/13/98

                    Insync Index {$%*} rev. 01/06/97

                    Keltner Channels {$%*} rev. 01/06/97

                    Ken Roberts' Formulas {%*} rev. 06/18/97

                    KST Formulas, Martin Pring's {$%*} rev. 01/06/97

                    Kurtosis Indicator {$%*} rev. 01/06/97

                    MACD Histogram {$%*} rev. 01/09/98

                    Market Facilitation Index {$%*} rev. 01/06/97

                    Market Facilitation Index Expert Advisor {*} rev. 02/24/97

                    Market Thrust Oscillator {$%*} rev. 01/06/97

                    Mass Index {$%*} rev. 01/06/97

                    McClellan Oscillator {$%*} rev. 01/06/97

                    McClellan Summation Index {$%*} rev. 01/06/97

                    Modified VIX Indicator {$%*} rev. 01/06/97

                    Money Flow Index {$%*} rev. 01/06/97

                    Moving Average of Only One Day of a the Week {%*} rev. 01/06/97

                    Natenberg's Volatility {$%*} rev. 01/21/97

                    Pathfinder Trading System {%*} rev. 02/21/97

                    Plotting Alpha and Beta {$%*} rev. 01/06/97

                    Polarized Fractal Efficiency {%*} rev. 03/20/97

                    Price Action Indicator (PAIN) {%*} rev. 07/31/97

                    Price Volume Rank {$%*} rev. 01/06/97

                    Random Walk Index {$%*} rev. 01/06/97

                    Rate of Change Since a Specific Date {%*} rev. 01/06/97

                    Regression Oscillator and the Slope/Close Indicator {%*} rev. 02/25/97

                    Relative Volatility Index (RVI) {*} rev. 01/06/97

                    R squared , Chande & Kroll's {$%*} rev. 01/06/97

                    Slope of a Line {$%*} rev. 01/06/97

                    Slope of a Linear Regression Line {#} rev. 10/05/98

                    Standard Error Bands for MetaStock for DOS {$} rev. 01/06/97

                    Standard Error Bands for MetaStock for Windows {%*} rev. 01/06/97

                    STIX Oscillator {%*} rev. 01/06/97

                    Stochastic %D {$%*} rev. 01/06/97

                    Stochastic Relative Strength Index {$%*} rev. 01/06/97

                    The New Advance Decline Line {$%*} rev. 01/06/97

                    Tick Line Momentum Oscillator {$%*} rev. 01/06/97

                    Trading Channel Index {$%*} rev. 01/06/97

                    Ultimate Oscillator {$%*} rev. 04/29/97

                    Up Trend / Down Trend Signals {%*} rev. 01/06/97

                    Wilder's Volatility {*} rev. 01/06/97

                    WillSpread by Larry Williams {#} rev.01/13/98

                    What are the explorations Equis uses to determine the listed Hot Picks on the Equis Web site each week? rev.

                    01/06/97

                    1996 August TASC Trader's Tips - Connors and Raschke's Historical Volatility System {$%*#}

                    1996 October TASC Trader's Tip - Freeburg Precious Metal Switch Fund system {$%*#}

                    1996 December TASC Trader's Tip - 2/20-Day EMA Breakout System {%*#}

                    1997 May TASC Trader's Tip -"Genesis of a Simple Futures Trading" {%*#}

                    1997 July TASC Trader's Tip - "Rainbow Charts" {%*}

                    1997 October TASC Trader's Tip - "Volatility Bands As A Long Term Strategy" {$%*#}

                    1997 November TASC Trader's Tip - Using Fibonacci Ratios and Momentum {%*#}

                    1997 December TASC Trader's Tip - Volatility % Indicator {%*#}

                    1998 January TASC - Breaking out of Price Channels - VIDYA Article {#}

                    1998 January TASC - Smoothing Techniques for more Accurate Signals {#}

                    1998 February TASC - Anchored Momentum  {$%*#}

                    1998 February TASC - Double Tops and Double Bottoms{#}

                    1998 March TASC Trader's Tip - Adaptive Moving Average {#}

                    1998 May TASC Trader's Tip - Automatic Support and Resistance {%*#}

                    1998 June TASC Traders' Tip - Mutated Variables, Volatility and a New Market Paradigm {*#}

                    1998 July TASC Traders' Tip - Channel Analysis {#}

                    1998 July TASC Traders' Tip - A Volatility Trade in Gold {#}

                    1998 August TASC Traders' Tip - From Terms to Technical Tools {#}

                    1998 September TASC Trader's Tip - Simple Moving Average with Resistance and Support {#}

                    1998 October TASC Trader's Tip - "Combining Statistical and Pattern Analysis", Shark – 32 {#}

                                         Click here for questions about creating System Tests.

                                              MetaStock Formula Version Legend:

                                          $

                                             Formula written for MetaStock 4.x for DOS

                                          %

                                             Formula written for MetaStock 5.x for Windows

                                          *

                                             Formula written for MetaStock 6.0 for Windows 95 and NT

                                          #

                                             Formula written for MetaStock 6.5 for Windows 95 and NT

Absolute Breadth Index

                    rev. 01/06/97

                    The Absolute Breadth Index (ABI) is a market momentum indicator that was developed by Norman G. Fosback.

                    The ABI shows how much activity, volatility, and change is taking place on the New York Stock Exchange while

                    ignoring the direction prices are headed. You can think of the ABI as an "activity index". High readings indicate

                    market activity and change, while low readings indicate lack of change. In Mr. Fosback's book, Stock Market

                    Logic, he indicates that historically, high values typically lead to higher prices three to twelve months later.

                    The MetaStock™ formula for the Absolute Breadth Index is:

                    ABS ( Advancing Issues - Declining Issues )

                    To plot it:

                         Create a composite security of the Advancing Issues - Declining Issues. In Windows versions use The

                         DownLoader™ to create the composite or in the DOS versions use MetaStock's File Maintenance to

                         create the composite.

                         In MetaStock open the composite and plot the custom formula ABS( C ) on it.

                    **For interpretation refer to the book Stock Market Logic by Norman G. Fosback.

Advance / Decline Line with Negative Volume

                    rev. 01/06/97

                    There is a way to get the negative volume on an advance-decline line chart in MetaStock™ for Windows™.

                    The requirement is: Each security must have both the number of issues and the volume in the file. Advancing

                    issues with advancing volume in one security and declining issues with declining volume in one security file.

                    These files may be obtained from Reuters Trend Data by way of The DownLoader for Windows. You will also

                    need to create a composite security of the Advance-Decline line, which is the advances - declines.

                    The following steps will get you an advance-decline line with negative volume where applicable. Follow these

                    steps once and save as a CHART. When you want to use it simply load the chart and the program will calculate

                    the new volume plot using the new data.

                         Create a NEW chart of the advancing issues.

                         Create a NEW chart of the declining issues.

                         Create a NEW chart of the advance-decline composite.

                         Create a NEW INNER WINDOW on the declining issues chart.

                         Delete the volume plot on the advance-decline composite chart.

                         Copy the volume from the advancing issues chart and paste it into the new inner window on the declining

                         issues chart.

                         Drop the custom formula, P-V on the advancing volume plot in the declining issues chart, creating a new

                         scale.

                         Copy that plot to the empty inner window (where the volume was) of the advance-decline composite.

                         Save that chart as the adv-decl chart (perhaps advdecl.mwc).

                    This will be the chart you load to do your study of the advance-decline line with negative volume.

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