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Now let’s take a look at the explorer. Metastock Explorer allows us to work with large databases and apply field researches.
You can see the list of indicators that we can use as filters. In this we select one and run it.
This will run through the database and provides us with the list of those securities than in the last day triggered the signal we are looking for.
As an example let’s just select MACD or the MACD buy signal actually. So, we go down to it and we select it, and then we click add it. And here you can see in the notes section its display securitities and just generated MACD buy signal.
In order to start explore we click on the explorer button and then choose the location of our database. In this case we gotta to acquise direction and select the location of our database.
And its C drive in acquire we’ll expand that, we go to data, and here and sample and we add that to our list.
Here the securities.
And these all be checked for this signal
If you uncheck it, that particular security will be left out. We click OK. It runs through looking for those signals.
And we look at reports and ere we can see that tesco was the only one to generate that MACD buy signal. So, one we go to and take a look at tesico chart. So, we go up to open.
We are gonna scroll down and we are gonna find tesico. Here it is, we click on it, open and here’s our tesico chart. We are going to apply – MACD to this chart. Select OK and here it is.
When we are looking at the last day, and here we can see that the MACD is crossing its signal line. And this is what generated the buy signal.
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