daytraders after market lounge 9th may 2012, page-8

Hi ewob.

I dont have Metastock Software and,
haven't used Metastock Formula before, so wrote
a Scan in my own Formula laungage to suit my software.
I normally use "MA of Volume" & "MA of Trades" to check
a stocks relative performance.
Dont know if you can use any of this.

Script for "Market Cap" scan.

{Variables}
_var1 := formula("Volume", 1);
_var2 := ma(Volume,14,Simple);

{Condition}
filter := (Security.MarketCap > 0)
and (_var1 > 0)
and (_var2 > 0);


It equates to this criteria.

Market Cap greater than 0
Volume greater than 0
14 day simple moving average of Volume is defined

Or... in other words.

Market Cap is defined/True
Volume is defined/True
14 day SMA / volume is defined/True

(change SMA period to whatever suits,
ie: 100 day/200 day)

Here is A sample scan. ASX200 (10 out of 200).

Symbol	Name	Market Cap	Volume	14 SMA Volume
BHP	BHP Billiton Limited	110,257,355,635	12,649,913.00	11,080,728.57
CBA	Commonwealth Bank Of Australia.	82,250,715,935	4,557,853.00	4,291,520.71
WBC	Westpac Banking Corporation	69,757,428,147	10,166,509.00	8,910,872.71
ANZ	ANZ Banking Grp Ltd	61,950,491,233	12,263,040.00	8,540,247.43
NAB	National Australia Bank Limited	55,106,757,307	6,400,727.00	6,560,668.29
TLS	Telstra Corporation Limited.	45,417,221,403	70,326,172.00	58,865,309.93
WOW	Woolworths Limited	32,500,443,517	3,069,615.00	2,834,581.36
WES	Wesfarmers Limited	30,345,616,667	3,023,462.00	2,569,818.00
WPL	Woodside Petroleum Limited	27,230,247,214	6,240,794.00	2,656,637.64
RIO	RIO Tinto Limited	26,681,506,426	4,109,219.00	3,012,673.43

So... In Metastock, ??????.

(1) If you can select which securities to scan,
for example: ALL securities, ALL ords, ASX 200, etc.

(2) Market Cap = True

(3) Volume = True

(4) Mov(V,14,S)


Links for ASX200 info.

www.tradingroom.com.au/apps/mkt/indexDetails.ac?idx=XJO

www.asx200.com/

www.asx.com.au/products/sp-asx200-vix-index.htm

Link for Metastock Formula.

www.equis.com/customer/resources/formulas/MetaStockFormulaPrimer.pdf


ewob,
Best I can do at the moment mate.

Cheers Ravgnome.