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Introduction

Equis has been supporting MetaStock for some years now and has frequently had questions from

customers on how to write their own indicators, system tests, or explorations. The commands

are printed in the manual, but most inquiries stemmed from people who had no idea how to

begin. The MetaStock formula language involves some basic programming concepts and this

seemed to have frightened many users into not even trying.

This text explains, in small incremental steps, what the MetaStock formula language is and how

it works. Soon you’ll know how to write a MetaStock function. Confidence will increase and

you’ll bravely combine two functions into a single indicator. Amazed at how easily you did this,

you’ll start using more until you suddenly realize, you are writing your own system tests and

explorations.

If you don’t believe this, then start reading chapter one. Be patient and follow the exercises.

Please type in the formulas as they are shown and try them in MetaStock. You will get the most

from this text if you actually do the exercises while reading the relevant sections. The more you

use a program, the more comfortable you will be with it.

Conventions used in this Document

Throughout this text, you will receive instructions on using MetaStock and creating sample

formulas. Below is a list of the symbols and special text used to distinguish these instructions

and alert you to possible points of interest.

Bold Bolded text refers to menu commands. Each step will be separated by the | symbol. For

example File | Open means click on File and then click Open

Font Text typed in this font denotes commands for you to type in your computer.

Italics Italics are used to denote new terms. A definition will always follow the word or term.

For your convenience a complete list of all these terms is duplicated in a glossary at the

back of this text.

This symbol is used to point out a section of text you should pay extra attention to.

During the exercises, you will occasionally open charts and perform other basic MetaStock tasks.

No step-by-step instructions will accompany these tasks as a basic knowledge of MetaStock is

highly recommended before trying to learn the MetaStock formula language. Charts of securities

that include open, high, low, close, and volume data are recommended to perform the exercises

in this document.