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The ABI shows how much activity, volatility, and change is taking place on the New York Stock Exchange while ignoring the direction prices are headed. The Absolute Breadth Index (ABI) is a market momentum indicator that was developed by Norman G.

The formula will prompt you for input for the number of time periods to use in the moving average. This is a modified simple moving average. This formula is for version 6.5 of MetaStock for Windows 95 & NT only and cannot be written in previous version. Apply this with caution and make sure that the new scale display is also included. It is useful only as a quick method of attaching the volatility value to the stock.

It matches the steps in Deels book The Strategic Electronic Day Trader.Ĭol F: (H - L + (Ref(H,-1) - Ref(L,-1)) + (Ref(H,-2) - Ref(L,-2))+(Ref(H,-3) - Ref(L,-3)) + (Ref(H,-4) - Ref(L,-4))) / 5Īverage Dollar Price Volatility Indicator-Deel This indicator plots the value on the chart display. It is most useful to apply this just to an exploration of a small group of stocks. This will find this figure for all stocks scanned. 100%Īverage Dollar Price Volatility Exploration-Deel This exploration is designed to provide the average dollar price volatility figure in column F. Initial equity = 1000, Long positions only, Trade price = close, Trade delay = 0, Entry commission = 0%, Exit commission = 0%,, Interest rate = 5%, Margin req. Trailing stop: Profit risk of 10 Percent, ignoring 10 periods Note that unchanged days, either Monday or Tuesday, are ignored in the calculations.ĪTR Custom Indicator periods:=Input("ATR Periods?",1,100,10) (Cum(Fml("Tuesday XX pattern")) + Cum(Fml("Tuesday XO pattern")) ) * 100 Raschke Oscillator = Mov(Fml( "Raschke 3-10" ),16,E) See what they tell you - Dahl is long term, Ian is shortest term. Put a 21 day EMA on each, think of the 21 day ema as a trigger. It tends to pick up two patterns: a two day hammer, that is if you combined the open for day 1 and close for day 2, the resulting bar would be a hammer, and a pattern similar to a Ross Hook, as I understand a Ross Hook.Ģ1 Day Trigger Look at these two oscillators in MSWIN, and compare them to Dahl. 1 2 3 Ross Hook Col A: Peak(1,H,10)=0.9*Peak(2,H,10)ĪND Trough(1,L,1)Ref(H,-1) and Ref(H,-1)>Ref(H,-2) andĢ Day Hammer Exploration Here is an exploration that pattern traders may find useful.