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Accept RejectThis scan finds stocks that opened at least 1% higher than yesterday's close with volume at least 50% higher than the 20-day average—a classic sign of institutional buying.
MetaStock has long been a staple for professional and serious retail traders, offering unparalleled charting and analysis capabilities. At the heart of this power lies the MetaStock formula language, a versatile engine that allows users to create custom indicators, system tests, and automated scans. As trading strategies become more sophisticated in 2026, understanding how to develop and implement is essential for staying ahead of market trends.
: MetaStock now offers a Custom Formula Work Request service where professional developers will write your logic for a fee (starting at $30), bridging the gap for users who find the language intimidating. MetaStock Formula Language: Core Capabilities metastock formulas new
(e.g., "price above 200-day MA and RSI below 40")
Standard indicators like mov(c,20,s) for a 20-period simple moving average. This scan finds stocks that opened at least
If you are looking for "new" ways to push the boundaries of what MetaStock can compute, the is your gateway. While the standard MetaStock Formula Language (MSFL) is powerful for typical technical analysis, the MDK allows programmers to write custom functions in C, C++, or Pascal. These functions can be compiled into a 32-bit DLL and called directly from your MetaStock formulas.
This condition returns "True" when the volume of the day is more than double the 20-period simple moving average. This helps in identifying days of institutional participation or unusual market activity. As trading strategies become more sophisticated in 2026,
KPERIODS := Input("%K Time Periods",1,20,5); KSLOW := Input("%K Slowing",1,20,3); DSPERIODS := Input("%D Moving Average",1,20,3); Stoch(KPERIODS, KSLOW, DSPERIODS)
