Metastock Formulas New

UpperBand := CenterLine + (RangeCalc * Width); LowerBand := CenterLine - (RangeCalc * Width);

To succeed in the current market environment, you need . metastock formulas new

This catches micro pullbacks in oversold zones. UpperBand := CenterLine + (RangeCalc * Width); LowerBand

Standard Volume bars tell you how much was traded, but not the intent of the trade. This formula is a simplified version of the "Money Flow" concept. It weights volume based on where price closed relative to its range. This helps distinguish between "dumb money" volume (chasing price) and "smart money" volume (accumulation). metastock formulas new