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M.H. Pee's article in this issue, "Trend Trigger Factor" introduces an indicator of the same name. Here, we present the formula for this expert advisor and the steps to include it in MetaStock.
Trend Trigger Factor Expert
1. In the Tools menu, select the Expert Advisor
2. Click New to open...
Since Pee's article also included the signals to trade this indicator, it is possible to construct a system test and an expert advisor for it. These formulas and the procedure for creating them follow.
Trend Trigger Factor System
Buy order:
x:=15;
bp:=HHV(H,x)-Ref(LLV(L,x),-x)...
In "Trend Continuation Factor" in this issue, M.H. Pee introduces several new indicators to help identify trend and its direction. These indicators can be easily recreated in MetaStock 6.52 or higher.
In MetaStock, select Indicator Builder from the Tools menu, click New, enter the code for the...