Metastock Exploration Formula Consolidation Breakout, Downside

Main Content

Explorers Index
Indicators Index
Other Formula Sources
Contact Us

Metastock Exploration Formula

Consolidation Breakout, Downside

Stocks breaking out of consolidation (downside)

Filter: Fml("Consolidation breakout (downside)") = 1

Filter enabled: Yes

Here is the "consolidation breakout(downside)" formula:
If(Ref(Fml("congestion index"),-5),<,10{%},
{and} If(Fml("congestion index"),>=,10{%},
{and} If(CLOSE,<,Ref(LLV(C,80),-5),
{and} If(Mov(V,5,S),>=,1.5*(Ref(Mov(V,60,S),-5)),
+1,0),0),0),0)

Col A:

Filter:

If(Ref(Fml("congestion index"),-5),<,10, {and} If(Fml("congestion index"),>=,10, {and} If(CLOSE,>,Ref(HHV(C,80),-5), {and} If(Mov(V,5,S),>=,1.5*(Ref(Mov(V,60,S),-5)), +1,0),0),0),0)

Did you know ...

How can I use MetaStock's built-in system tester to evaluate my trading ideas?

To use MetaStock's built-in system tester, go to the "System Tester" or "System Testing" feature, define your trading rules and conditions, select the instruments and time frame, and run the test to evaluate your trading ideas.