New Feature Highlights
We've made data management a breeze in MetaStock by providing a self-extracting data CD, giving you the ability to organize and analyze your stocks by sectors and industries, and introducing one-button data downloading.
- The New Data CD - Just insert the new data CD into your computer's CD or DVD drive and sit back as up to five years of historical data is stored to your hard disk. With all of that data in your computer, you can perform fast explorations and even faster system tests.
- Sectors and Industries - Now you can easily group your stocks by sector. Plus, you can test all stocks within a particular sector to find its top performers or even set up explorations based on sector performance.
- One-Button Downloading - Yes, it's really as simple as it sounds! Click one button, and the securities that you follow (stocks, mutual funds, futures, etc.) are instantly updated.
What was once a tedious process has become an exercise in efficiency. The improved data management alone is reason enough to upgrade to MetaStock , but why stop there? We've added other fantastic tools into the new version, including:
The MetaStock Neighborhood
Capitalize on the knowledge and experience of thousands of MetaStock users by participating in the MetaStock Neighborhood - a revolutionary, new way for MetaStock users to interact with one another! Chat room topics include Plug-Ins/Add-Ons, Real-Time Trading, Mutual Funds, and more... or you can create your own! You can even post your own MetaStock charts for others to view!
The MetaStock Neighborhood is the perfect forum for sharing trading ideas, formulas, and charts with other traders of similar interests. Now there is a place where any type of trader can go to be a part of a very unique, very dynamic community.
Broad Market Indicators
It is a well-known fact that the majority of all stocks tend to follow the broad market. The broad market indicators in MetaStock help you determine the direction the market is headed and gauge overall market conditions.
MetaStock's broad market indicators come in two types: market momentum indicators and monetary indicators. Market momentum indicators are typically based on a market index or breadth. They quantify the movement of the market and have a strong correlation with changes in the stock market. Monetary indicators display monetary and interest rate conditions which can affect the stock market.
MetaStock has 11 monetary indicators, 36 momentum indicators for the NASDAQ, and 36 momentum indicators for the NYSE totaling 83 broad market indicators in all, several of which are exclusive to MetaStock. Also included are 3 broad market experts and 3 layouts that you can use in your analysis. There is even a NASDAQ-specific expert that can analyze any NASDAQ index with incredible results.
No other software gives you guidance on the broad markets like MetaStock . And you dont have to be an expert to understand its expert analysis of the broad markets. MetaStock provides unparalleled guidance and interpretation through its new broad market expert commentary.
Point and Figure Toolbox
MetaStock adds a new point and figure toolbox that gives you 4 explorations, 4 experts, 8 indicators, and 2 system tests based on the Point and Figure charting style. The system tests generate buy and sell signals based on chart patterns like triple tops and bottoms, triangles, and more. The explorations search for patterns and help you make a watch list. No other analysis package gives you the depth of Point and Figure analysis that MetaStock does.
Support and Resistance Lines
MetaStock helps you discover the true support and resistance levels on your charts. Now you can draw automatic support, resistance, and trend lines on your charts. The two types of indicators long term and short term cover support, resistance, upward trend, and downward trend. In addition, there are 4 new Expert Advisors and explorations that are based on the new indicators.
More System Tests and Explorations
Now, for every Expert Advisor in MetaStock, there is a corresponding system test and exploration to help round out your analysis. Existing users will find a more complete package in version .
MetaStock is fast becoming the most well-rounded analysis package available. What was once strictly considered a technical analysis application has grown into a full-solution trading package. With the addition of the self-extracting data CD, grouping by sector and industry, the MetaStock Neighborhood, broad market indicators, the Point and Figure toolbox, and additional system tests and explorations, MetaStock gives you more power and functionality to help you hunt down the most profitable trading opportunities.
