Oscillator and Regression Slope / Close Indicator

Oscillator and Regression Slope / Close Indicator
In MetaStock 6.0 it is easy to create regression slope and oscillator / Close Indicator by Richard Goedde article is "Market timing with regression oscillator" which appears in the March 1997 edition of Stuttgart in stocks and commodities magazine.
First choose Indicator Builder from the Tools menu and enter the following formula:
Regression Oscillator
100 * (CLOSE / LinearReg (close, 63) -1)
Slope / Close
10000 * LinRegSlope (close, 63) / CLOSE
Next drag each of these formulas from the indicator QuickList and drop them on the title of the table. To create horizontal lines, click the right mouse button while the mouse pointer is positioned over the regression oscillator to display the menu. Select the Regression Oscillator Properties. The horizontal lines page add horizontal lines at 14, 0, and -14.
You can use Explorer, for performing the screen mentioned in the article. First select Explorer from the menu Tools, instantly create new research with the following information:
Column A
Name: Reg OSC
Formula: Fml ("regression oscillator")
Column B
Name: SLP / CLS
Formula: Fml ("slope / Close")
Filter
Formula: ColB> 50 and Cola> -15 and circuits <-5

Select OK and then Explore to run the research. In MetaStock for Windows 5.x users instructions are the same, except enter the following custom indicator in place of those mentioned earlier.
Regression Oscillator
100 * (CLOSE / ((63 * Sum (Cum (1) * C, 63) - Sum (Cum (1), 63) * Sum (C, 63)) / (63 * Sum (Pwr (Cum (1) , 2), 63) - Pwr (Sum (Cum (1), 63), 2)) * Cum (1) + (Mov (C, 63, S) - Mov (Cum (1), 63, S) * (63 * Sum (Cum (1) * C, 63) - Sum (Cum (1), 63) * Sum (C, 63)) / (63 * Sum (Pwr (Cum (1), 2), 63) - Pwr (Sum (Cum (1), 63), 2 ))))- 1)
Slope / Close
10000 * ((63 * Sum (Cum (1) * C, 63) - Sum (Cum (1), 63) * Sum (C, 63)) / (63 * Sum (Pwr (Cum (1), 2) , 63) - Pwr (Sum (Cum (1), 63), 2))) / CLOSE