What is the Expert Advisor?
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The Expert Advisor is a collection of powerful tools that keep you informed of the current technical state of a chart. When attached to a chart, an Expert can inform you on the state of these conditions by various methods:
descriptive text (called Commentaries)
colored bars (called Highlights)
a symbol in the bottom corner of the chart (called the Expert Corner)
a special inner window (called a Ribbon)
symbols on the chart (called Symbols)
pop-up messages, sound or video (with Alerts)
Most people will simply use experts that are pre-packaged with MetaStock, or purchased from Equis or a third party. For example, if you want to see Bill William's expert commentary on any chart you display, simply right-click on the chart, choose Expert Advisor, Attach, then choose Bill William's pre-packaged expert.
Due to the inherent complexity in the design and creation of custom indicators, trading systems, explorations, and experts, Equis cannot provide free support for this process. However, support is available for a reasonable fee. Call Equis at 801-265-9998 for details or fill-out the FORMULA HELP.DOC file found in the MetaStock folder. This file is viewable with WordPad.
For information on the Equis Solution Provider program and the MetaStock Developer's Kit, go to http://www.equis.com.
If you are willing to invest a little time, you can create your own experts. For example, you could create your own customized commentary. You could create alerts that will sound and display a message when certain conditions are met. Perhaps you would like to have your price bars colored red when the RSI is above 50 and black when they're below 50. The possibilities are endless.
If you want to create your own experts, you must be familiar with the MetaStock formula language. Please see What is the MetaStock Formula Language? for more information on the MetaStock formula language.
Equis International is not a Registered Investment Advisory service. The experts included with MetaStock are for educational purposes and are to be used at your own risk. Equis International (or its partners) is not liable for the investment decisions you make based on information obtained from the Expert Advisor.