: Calculated using: (TypicalPrice() * Volume) / Volume .
Simple formulas are good for beginners, but professional traders need nuance. Two functions separate amateurs from pros: Alert() and BarsSince() . metastock formulas
Using Ref(Data, +1) in an exploration. This looks at tomorrow's data to make today's decision. Your backtest will look incredible, but your live trading will bleed money. Fix: Never use positive Ref() values in Entry formulas. Use them only for exits or for plotting "what-if" scenarios. : Calculated using: (TypicalPrice() * Volume) / Volume
MetaStock formulas use a functional syntax. You essentially tell the software what data to look at (the "price array") and what to do with it (the "function"). The Core Price Arrays Most formulas begin with these basic data points: Open price H: High price L: Low price C: Close price V: Volume P: Typical Price [(H+L+C)/3] Basic Operators Using Ref(Data, +1) in an exploration