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The Broad Market tool allows you to import calculated items
into MetaStock (via the Paste Functions dialog), and also includes many pre-built
custom formulas in MetaStock.
The pre-built custom formulas take the Broad Market functions
and place them into a MetaStock custom formula.
BroadMarket Custom Formulas
Absolute Breadth Index
Abs( ExtFml( "Broad Market.AdvancingIssuesNumber")
- ExtFml( "Broad Market.DecliningIssuesNumber") )
Advance/Decline Line
PREV + ( ExtFml( "Broad Market.AdvancingIssuesNumber")
- ExtFml( "Broad Market.DecliningIssuesNumber") )
Advance/Decline Ratio
ExtFml( "Broad Market.AdvancingIssuesNumber")
/ ExtFml( "Broad Market.DecliningIssuesNumber")
Advancing - Declining Issues
ExtFml( "Broad Market.AdvancingIssuesNumber")
- ExtFml( "Broad Market.DecliningIssuesNumber")
BM Advancing Issues #
ExtFml( "Broad Market.AdvancingIssuesNumber")
BM Advancing Volume
ExtFml( "Broad Market.AdvancingIssuesVolume")
Arms Index
NYSEAdvDecI:= ExtFml( "Broad Market.AdvancingIssuesNumber")
/ ExtFml( "Broad Market.DecliningIssuesNumber") ;
NYSEAdvDecV:= ExtFml( "Broad Market.AdvancingIssuesVolume")
/ ExtFml( "Broad Market.DecliningIssuesVolume") ;
NYSEAdvDecI / NYSEAdvDecV;
Breadth Thrust Indicator
Mov( ExtFml("Broad Market.AdvancingIssuesNumber")
/( ExtFml( "Broad Market.AdvancingIssuesNumber")
+ ExtFml("Broad Market.DecliningIssuesNumber")),10,E)
BM Close Above MA %
MAPeriods := Input("Enter moving average periods", 1, 32000, 200);
ExtFml( "Broad Market.CloseAboveMAPercent", MAPeriods )
BM Close Below MA %
MAPeriods := Input("Enter moving average periods", 1, 32000, 200);
ExtFml( "Broad Market.CloseAboveMAPercent", MAPeriods )
Cumulative Volume Index
PREV + ( ExtFml( "Broad Market.AdvancingIssuesVolume")
- ExtFml( "Broad Market.DecliningIssuesVolume") )
BM Custom Data
ExtFml( "Broad Market.GetCustomData", PER_CLOSE_ABOVE_14D_MA.TXT)
BM Declining Issues #
ExtFml( "Broad Market.DecliningIssuesNumber")
BM Declining Volume
ExtFml( "Broad Market.DecliningIssuesVolume")
BM MA Above MA #
MAPeriods1 := Input("Enter first moving average periods", 1, 32000, 200);
MAPeriods2 := Input("Enter second moving average periods", 1, 32000, 200);
ExtFml( "Broad Market.MAAboveMANumber", MAPeriods1, MAPeriods2 )
BM MA Below MA #
MAPeriods1 := Input("Enter first moving average periods", 1, 32000, 200);
MAPeriods2 := Input("Enter second moving average periods", 1, 32000, 200);
ExtFml( "Broad Market.MABelowMANumber", MAPeriods1, MAPeriods2 )
BM McClellan Oscillator
NYSEAdvDec:= ExtFml( "Broad Market.AdvancingIssuesNumber")
- ExtFml( "Broad Market.DecliningIssuesNumber");
Mov(NYSEAdvDec,19,EXPONENTIAL) - Mov(NYSEAdvDec,39,EXPONENTIAL)
BM McClellan Summation
NYSEAdvDec:= ExtFml( "Broad Market.AdvancingIssuesNumber")
- ExtFml( "Broad Market.DecliningIssuesNumber");
PREV - ((10 * Mov(NYSEAdvDec,19,EXPONENTIAL)) + (20*Mov
(NYSEAdvDec,39,EXPON ENTIAL))) + 1000
BM New 250-day Highs #
ExtFml( "Broad Market.New250DayHighsNumber")
BM New 250-day Highs %
ExtFml( "Broad Market.New250DayHighsPercent")
BM New 250-day Lows #
ExtFml( "Broad Market.New250DayLowsNumber")
BM New 250-day Lows %
ExtFml( "Broad Market.New250DayLowsPercent")
BM New Highs - Lows Cumulative
PREV + (ExtFml( "Broad Market.New250DayHighsNumber")
- ExtFml( "Broad Market.New250DayLowsNumber"))
BM New Highs - New Lows
ExtFml( "Broad Market.New250DayHighsNumber")
- ExtFml( "Broad Market.New250DayLowsNumber")
BM New Highs/New Lows Ratio
ExtFml( "Broad Market.New250DayHighsNumber")
/ ExtFml( "Broad Market.New250DayLowsNumber")
BM Open-10 TRIN
NYSEAdvDecI := Sum(ExtFml( "Broad Market.AdvancingIssuesNumber"),10) / Sum(ExtFml
( "Broad Market.DecliningIssuesNumber"),10) ;
NYSEAdvDecV:= Sum(ExtFml( "Broad Market.AdvancingIssuesVolume"),10) / Sum(ExtFml
( "Broad Market.DecliningIssuesVolume"),10) ;
NYSEAdvDecI / NYSEAdvDecV;
BM Overbought/Oversold
Mov(ExtFml( "Broad Market.AdvancingIssuesNumber")
- ExtFml( "Broad Market.DecliningIssuesNumber"),10,EXPONENTIAL)
BM Unchanged Issues #
ExtFml( "Broad Market.UnchangedIssuesNumber")
BM Upside/Downside Ratio
ExtFml( "Broad Market.AdvancingIssuesVolume")
/ ExtFml( "Broad Market.DecliningIssuesVolume")
BM Upside/Downside Volume
ExtFml( "Broad Market.AdvancingIssuesVolume")
- ExtFml( "Broad Market.DecliningIssuesVolume")
BroadMarket functions
AdvancingIssuesNumber - the number of issues whose close today was greater than their close yesterday.
AdvancingIssuesPercent - the percent of issues whose close today was greater than their close yesterday.
AdvancingIssuesVolume - the total trading volume in all issues that advanced today.
DecliningIssuesNumber - the number of issues whose close today was less than their close yesterday.
DecliningIssuesPercent - the percent of issues whose close today was less than their close yesterday.
DecliningIssuesVolume - the total trading volume in all issues that declined today.
UnchangedIssuesNumber - the number of issues whose close today was equal to their close yesterday.
UnchangedIssuesPercent - the percent of issues whose close today was equal to their close yesterday.
UnchangedIssuesVolume - the total trading volume in all issues that were unchanged today.
New250DayHighsNumber - the number of issues whose closing price is greater than their highest high in the last 250 days.
New250DayHighsPercent - the percent of issues whose closing price is greater than their highest high in the last 250 days.
New250DayLowsNumber - the number of issues whose closing price is less than their lowest low in the last 250 days.
New250DayLowsPercent - the percent of issues whose closing price is less than their lowest low in the last 250 days.
CloseAboveMANumber - the number of issues whose closing price is greater than a moving average. The user specifies the moving average periods, both at the time of calculation in SpyGlass, and at the time of plotting in MetaStock.
CloseAboveMAPercent - the percent of issues whose closing price is greater than a moving average. The user specifies the moving average periods, both at the time of calculation in SpyGlass, and at the time of plotting in MetaStock.
CloseBelowMANumber - the number of issues whose closing price is less than a moving average. The user specifies the moving average periods, both at the time of calculation in SpyGlass, and at the time of plotting in MetaStock.
CloseBelowMAPercent - the percent of issues whose closing price is less than a moving average. The user specifies the moving average periods, both at the time of calculation in SpyGlass, and at the time of plotting in MetaStock.
MAAboveMANumber - the number of issues whose moving average is greater than a second moving average. The user specifies the moving average periods, both at the time of calculation in SpyGlass, and at the time of plotting in MetaStock.
MAAboveMAPercent - the percent of issues whose moving average is greater than a second moving average. The user specifies the moving average periods, both at the time of calculation in SpyGlass, and at the time of plotting in MetaStock.
MABelowMANumber - the number of issues whose moving average is less than a second moving average. The user specifies the moving average periods, both at the time of calculation in SpyGlass, and at the time of plotting in MetaStock.
MABelowMAPercent - the percent of issues whose moving average is less than a second moving average. The user specifies the moving average periods, both at the time of calculation in SpyGlass, and at the time of plotting in MetaStock.
GetCustomData - used to grab any data that's not included in the pre-defined calculations. A filename is specified. For example, the filename for the file that contains the percent of securities whose 50-day moving average is above the close would be PER50DMA_ABOVE_CLOSE.TXT. If you're not sure what the file name is, look in the Broad Market folder after the calculation is complete.
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