Colume A H>Ref(HHV(H,250),-1) Colume B HHV(H,250),-1) > 2*LLV(L,250) Colume C C Filter colA=1 AND colB=1 AND colC>5 P/S: I am not a MetaStock Coding Expert; although the above exploration can list the 'potential' Darvas Stocks as well but I think someone with more experienced surely can come out with a better code. Looking for sharing here, thanks!
Jun 29, 2005 Entry Signal triggered on these stocks: GHL, RVI, RTI and TTN View Current Darvas Holdings at http://www.darvasboxes.com/report.html
Hi Mike, What I do is this....when a bottom is firmly established, I set a margin of 1% below the bottom. As long as it doesn't dip below this figure, I would consider the box is still intact. This is the reason why LUB showed in my scan. I try to keep things simple in my "1st version" of Darvas Trading System, am also thinking to add volume as a criteria in future to further refine this great technique. I am unable to automate the scanning process at this stage, it takes me more than 3 hours to scan for the NYSE Darvas Stocks. Hopefully I can come out a better scan code in near future, then I can cover for more stocks.
Thanks for your help Toby! However I got this error message: Column B Error message: Extra or invalid use of ',' or ')' character(s) Column B is: HHV(H,250),-1) > 2*LLV(L,250) I got same error message with typing this: (HHV(H,200),-1) > 2*LLV(L,250) Any help? Sorry for my ignorance PS What can i do to add some high volume rule?
Toby: I saw your note about scanning. For what its worth, I use Amibroker for end of day scans and use it to download end of day data for free from Yahoo. I have built some fairly simple formulas to do the scans and it scans my ticket list (about 8000 stocks from nasdaq, nyse, amex) in under 5 minutes. I also like the fact that I am quickly able to change critiera via their programming langugue (looks similar to the Metastock code from the last reply), for instance I can quickly remove or add a volume criteria or something else. Not sure what you use or if it is a connection speed issue but 3 hrs for just NYSE sounds really really slow. Mike
Aha....typo mistake!! The correct one is Column B HHV(H,250) > 2*LLV(L,250) Try to add this volume>500 in your filter for high volume rule.
Hi Mike, I am using Metastock and Reuters DataLink as my EOD provider. The downloading and scanning process normally will take me around 40 mins to get a list of 'potential' Darvas stocks. Because I am unable to write a good programming code, then I have to manually to look for the right candidates. This human work is very time consuming.... I am still looking for someone more experienced to help me solving this problem. Will consider your suggestion to try Amibroker, many thanks!
Why not get some formula help on the equis forums. There are many helpful people there. http://forum.equis.com/ or, the other metastock forums: http://groups.yahoo.com/search?query=metastock&submit=Search