This filters 4,000 stocks down to the 10 that have a statistical edge for continuation, not reversal.
: Scans such as V > Mov(V, 50, S) * 10 identify assets where today's volume is ten times the 50-day average. metastock formulas new
Everyone knows what a Hammer or Doji looks like after the fact. This formula is designed to detect an "indecision candle" specifically occurring at a support level. It’s not a generic pattern scanner; it’s a context-aware scanner. This filters 4,000 stocks down to the 10
: Use curly brackets comment to explain the logic for future reference. This filters 4
AVMA
Calculation CenterLine := Mov(C,Periods,S); RangeCalc := ATR(Periods);