// Volume Weighted RSI - A "New" Perspective UpVol := IF(ROC(C,1,$) > 0, V, 0); DownVol := IF(ROC(C,1,$) < 0, V, 0); AvgUpVol := Wilders(UpVol, 14); AvgDownVol := Wilders(DownVol, 14); RS := AvgUpVol / AvgDownVol; VWRSI := 100 - (100 / (1 + RS)); VWRSI
Mastering Metastock Formulas: New Tools, Techniques, and Strategies for 2026
MetaStock's standard MACD does not plot the histogram by default. You can fix this oversight by creating a new indicator with this simple formula:
: RSI(14) identifies overbought or oversold conditions over 14 periods. metastock formulas new
: Formulas use standard operators such as addition (+), subtraction (-), multiplication (*), and division (/) to link different data points.
Traditional EMAs still have lag. This interesting formula aims to eliminate it by subtracting the error of a previous EMA from the current one. : Best for crossover strategies where timing the entry is critical. Comparison
: Scans for securities where the short-term Rate of Change (ROC) is significantly accelerating relative to its 12-month baseline. Column A (Momentum Gap) ROC(C, 21, %) - ROC(C, 250, %) Use code with caution. Copied to clipboard Filter (Accelerating Trend) // Volume Weighted RSI - A "New" Perspective
Upper Band = Mov(C, 20, E) + 2 * StDev(C, 20) Lower Band = Mov(C, 20, E) - 2 * StDev(C, 20)
, which solves the problem of manually "guessing" the best parameters for an indicator.
Indicator
The MetaStock formula language is a high-level programming structure patterned after spreadsheet languages, used to create custom indicators, system tests, and explorations. For new users, mastering this language involves understanding price array identifiers, mathematical operators, and built-in functions. Core Formula Components
This catches micro pullbacks in oversold zones.
While moving averages (MA) and relative strength index (RSI) are foundational, they often fail to adapt to rapid volatility changes. Modern formulas allow you to: Traditional EMAs still have lag
VolMA := MA(V, 20, S); VolSpike := V > VolMA * 1.5; PriceBreak := C > Ref(Highest(H, 10), -1); TrendUp := C > MA(C, 50, E); VolSpike AND PriceBreak AND TrendUp Use code with caution.