VSTpro Market Trend Filter (sharp v traditional mode)

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.