Standard breakouts often fail in low-volatility "squeeze" environments. This formula combines the Average True Range (ATR) with a volume confirmation filter.
Give it a descriptive name (e.g., "2024 Volatility Breakout"). Copy/Paste: Enter the code into the formula box.
{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
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Standard breakouts often fail in low-volatility "squeeze" environments. This formula combines the Average True Range (ATR) with a volume confirmation filter.
Give it a descriptive name (e.g., "2024 Volatility Breakout"). Copy/Paste: Enter the code into the formula box. metastock formulas new
{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 SlowMA := mov(C