Explorations & Filters
Trade signals based upon composite / breadth data are extremely powerful and accurate. To use the following MetaStock Explorations and MasterDATACSV filters, you must subscribe to either our MasterDATA Composite Plug-in or MasterDATACSV web sites. Both provide up-to-date historical composite / breadth datafles easily and conveniently downloaded by subscribers. For information on subscribing, go to the Subscription Info page.
Click on any Exploration / Filter title below for more information and a chart example:
- AD Moving Average Cross
When the moving average of advancing issues and cmoving average of declining issues cross (usually at slightly less than 50%), a new trend may have started. - Constituent Uptrends Crossing Above 50%
When 50% or more of the constituents of an index or ETF are in an uptrend, chances are the composite, itself, will remain in an uptrend. Similarly, when constituent trends slip below 50% chances are the uptrend is over for the time being.
- - % New 1 Year Highs / Lows > 30%
This is not a trading signal, but indicates a probable area that the immediately previous trend will reverse.
- - AD Histogram
When advancing or declining issues are greater than 95% of total issues traded for the composite, that is a potential short term short trading signal.
- - AD Volume Histogram
When advancing or decling volume is greater than 95% of total component volume for the composite, that is a potential short term trading signal.
- - Trend Channel Pivot - Close Above / Below Cross
A close above or below the Trend Channel “Pivot” is, in combination with other confirming or filtering indicators, a very good indication that a trend has developed in the direction of the cross.