Several weeks back, while running a MetaStock exploration to find stocks making 'New Highs' on the ASX, ALESCO CORPORATION ORDINARY (ALS) was one of the stocks making new 3 month highs. ( The exploration is for short term 'New Highs')
On completion of the exploration the results are viewed using a VSTpro template, the parameters can be altered, and the resulting changes viewed in the stats window.
The charts below display the results after changing the Market Trend Filter from (sharp to traditional mode).
The (traditional mode) is more conservative compared to the (sharp mode).
A full MTF explanation can be found in the VSTpro manual here.
A sample of the 30/03/2012 exploration results can be viewed below.
VSTpro 2010/2011/2012 sample trade results. (US stocks)
Click on links below.
2010 | 2011 | Details | Disclaimer
2010 | 2011 | Details | Disclaimer
MetaStock Training-Live-Webinar-Learn-Classes-click here
Adding the MAR Ratio to the VSTpro stats.
The VSTpro is open coded, and this allows the user to add or change features.
Not all changes are possible, but some can be made e.g. adding the MAR ratio to the stats.
Google ' MAR Ratio ' for a detailed description.
Adding the new stats required a short line of code placed into the main templates, taking only a few minutes.
The FREE VST and VSTpro platforms give a visual display combining chart + indicator + signals + stats.
Click on chart to enlarge.
Not all changes are possible, but some can be made e.g. adding the MAR ratio to the stats.
Google ' MAR Ratio ' for a detailed description.
Adding the new stats required a short line of code placed into the main templates, taking only a few minutes.
The FREE VST and VSTpro platforms give a visual display combining chart + indicator + signals + stats.
Click on chart to enlarge.
Using the VSTpro to test indicator modification.Part 2
Using the VSTpro to test indicator modification.
While using the VSTpro to perform tests on ASX stocks the indicator in use at the time was applied to a chart of the ASX (XJO), and charts 1 & 2 display the results.
The charts display good robust numbers, and curiosity lead to adding an extra option to the indicator.
The original indicator referenced S&P500 or Chart data. The indicator has now been modified to include ASX (XJO) data.
Early testing results using the ASX (XJO) data reference indicate a reduction in Risk when applied to ASX stocks.
The FREE VST and VSTpro have open code that can be modified by the user.
NOTE:Comment regarding charts 1 & 2 from Jose Silva of metastocktools.com
"One observation: the two ASX200 charts' amazing profit smoothness are mostly due
to using the Open of the next day (2hrs after US markets close). However, the
Open of the ASX indices is basically the previous day's close (i.e. not
available for trading), so there is a large element of hindsight involved there."
Click on image to enlarge.
Click on image to enlarge.
The charts display good robust numbers, and curiosity lead to adding an extra option to the indicator.
The original indicator referenced S&P500 or Chart data. The indicator has now been modified to include ASX (XJO) data.
Early testing results using the ASX (XJO) data reference indicate a reduction in Risk when applied to ASX stocks.
The FREE VST and VSTpro have open code that can be modified by the user.
NOTE:Comment regarding charts 1 & 2 from Jose Silva of metastocktools.com
"One observation: the two ASX200 charts' amazing profit smoothness are mostly due
to using the Open of the next day (2hrs after US markets close). However, the
Open of the ASX indices is basically the previous day's close (i.e. not
available for trading), so there is a large element of hindsight involved there."
Click on image to enlarge.
Click on image to enlarge.
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