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Automatic Trendline Formula for Metastock
Appenta
over 13 years ago
Metastock

Rating:
0 / 5 (Votes 0)
Tags:
metastock, trendline

This formula will draw a trend-line from the most recent bottom. If you want you can replace ‘L’ (low price) to something else like ‘C’ (the close price) and the value 10 can be changed to a different percent value. You will also need to set the line style to thick dots to make it look like the screenshot.

Screenshots

Files

MS90FORM.DTA

Indicator / Formula

Automatic Trendline Formula
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Trough(1,L,10) + ((((Trough(1,L,10)-Trough(2,L,10)) /
(TroughBars(2,L,10)-TroughBars(1,L,10))) * TroughBars(1,L,10)))

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