{MTF Momentum Alignment} FastMA := mov(C, 10, E); SlowMA := mov(C, 50, E); WeeklyTrend := C > mov(C, 200, S); MomentumUp := FastMA > SlowMA AND ref(FastMA,-1) <= ref(SlowMA,-1); MomentumUp AND WeeklyTrend 3. The RSI-EMA Divergence Filter
Trading in the direction of the higher-timeframe trend significantly increases win rates. This formula identifies when the daily momentum aligns with the weekly trend. metastock formulas new
The foundation of any new MetaStock formula is its proprietary functional language. While it shares some logic with Excel, it is specifically designed for time-series data. Key Syntax Reminders {MTF Momentum Alignment} FastMA := mov(C, 10, E);
Use + , - , > , < , and AND/OR for logical conditions. {MTF Momentum Alignment} FastMA := mov(C
Instead of just looking at overbought/oversold levels, this formula looks for RSI "clustering" near the exponential moving average, signaling a high-probability mean reversion.