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Open the charts you wish to compare, designating one of the charts as your baseline chart. Select "Tile" from MetaStock's Window menu to make all charts visible. Plot the performance indicator into a new inner window in each of the open charts. You will want to change the color of each of the indicators so that you can differentiate between them when they are in the same chart. In a chart other than your baseline chart, select the performance indicator. From here, you will need to either copy and paste or drag and drop (whichever you prefer) the performance indicator on top of the performance indicator in the baseline chart. If prompted, select the "merge with scales on right" option. Repeat the above steps with all the other charts until your baseline chart contains all the other charts' performance indicators. For better viewing, maximize your baseline chart. To plot the performance of several securities using a different symbol as the base, use these steps: Create the following custom indicator: Name: Baseline performance Formula: P-Per() Open the charts you wish to compare, designating one of the charts as your baseline chart. For this example, let's open EBAY, MSFT, and CSCO, choosing CSCO as our baseline chart. Select "Tile" from MetaStock's Window menu to make all charts visible. Plot the performance indicator into a new inner window in each of the open charts. You will want to change the color of each of the indicators so that you can differentiate between them when they are in the same chart. Drag the performance indicator from Ebay's chart, and place it on top of the performance indicator in your baseline chart (CSCO). Plot the baseline performance indicator directly on top of EBAY's performance indicator in Csco's chart. Move the resulting plot to the chart in which you wish to compare the relative performance in. Close EBAY's chart. Repeat steps 5 through 7 for all other securities. You should be left with a single chart containing all of the baseline performance plots. In MetaStock Professional version 7.0 and above, the procedure can be simplified by using the Security () function instead of the p variable. However, a separate custom formula needs to be created for each symbol you wish to use as the baseline chart. The formula is written after the following model: Baseline Performance with .SPX Per()-Security(".SPX", Per()) This formula uses the ticker symbol .SPX as the baseline. To use a different symbol, just change .SPX to the desired symbol. In addition, the formula assumes that the ticker symbol of the baseline is located in the same folder as the symbol you are plotting the formula on. If the location is different, you will need to change the formula to include the correct path. For example, if the ticker symbol .SPX were located in the folder C:MetaStock Dataindex, the formula would be written as: Formula: Per()-Security("C:MetaStock Dataindex.SPX", Per () ) Using the above formula, MetaStock Pro users can plot this indicator instead of the performance indicator following these directions: Create a custom indicator using the formula listed above. Open the charts you wish to compare, designating one of the charts as your baseline chart. Select "Tile" from MetaStock's Window menu to make all charts visible. Plot the custom indicator into a new inner window in each of the open charts. You will want to change the color of each of the indicators so that you can differentiate between them when they are in the same chart. In a chart other than your baseline chart, select the performance indicator. From here, you will need to either copy and paste or drag and drop (whichever you prefer), the performance indicator on top of the performance indicator in the baseline chart. If prompted, select the "merge with scales on right" option. Repeat the above steps with all of the other charts until your baseline chart contains all of the other charts' performance indicators. 6 For better viewing, maximize your baseline chart. --Cheryl C. Abram, Equis International, Inc. Code:
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| However we try to maintain hiqhest possible level of service - most formulas, oscillators, indicators and systems are submitted by anonymous users. Therefore S4T™ does not take any responsibility for it's quality. If you use any of this information, use it at your own risk. You are responsible for your own trading decisions. Be sure to verify that any information you see on these pages is correct, and is applicable to your particular trade. In no case will S4T™ be responsible for your trading gains or losses. |
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