note: You will need to subscribe to Refinitiv DataLink data service. Instead of purchasing this software outright, you can also subscribe to it. Your first month is free!
MetaStock Daily Charts is specifically designed for traders who do end of day trading technical analysis after the markets close (If you are interested in real-time trading, check out MetaStock RT. Whether you're an experienced, active trader or just learning how to trade the markets, MetaStock helps you succeed. It contains powerful analysis tools so you can make informed decisions about what to buy and sell, and when to execute... resulting in the most profitable trades.
MetaStock has a number of ready-to-use trading solutions that are both rock-solid,Â and simple to use. If you want to take your analysis to the next level, MetaStock allows you to tailor these solutions to your specific trading style.
MetaStock is a powerhouse tool that helps you by:
- Screening through thousands instruments to find the best ones
- Test trading ideas to find the best fit for you based on your trading style
- Receive real-time actionable trade alerts and advice
- Predict price action using our patent pending FORECASTER
- Receive real-time, broad market fundamental data
Metastock 18 - What's New?
Kelly Clement presents a comprehensive overview of MetaStock 18, featuring Offline Mode & Local Data.
MetaStock Daily Charts will help you succeed whether you're an experienced, busy trader or you're just starting out. It includes comprehensive analysis tools that allow you to make informed judgments about what to purchase
MetaStock is a powerful, versatile tool that allows you to scan the market for current opportunities based on your criteria, backtest your strategies to see how well they have performed in the past, forecast future price action based on past events, and even get expert advice right on your chart based on some of the market's most popular strategies.
MetaStock Daily Charts includes a number of ready-to-use trading tools that are both trustworthy and simple to use. If you want to take your analysis to the next level, MetaStock Daily Charts allows you to tailor these solutions to your specific trading style.
MetaStock Daily Charts has the tools you need for superior market research and financial success, whether you trade stocks, options, mutual funds, futures, commodities, FOREX, bonds, or indices.
MetaStock is versatile enough to allow you to create and configure lists to manage and track your portfolio. It even offers excellent option monitoring and filtering tools if you trade options.
Of course, the best charting program is only as good as the data that feeds it, that's why MetaStock Daily Charts works seamlessly with DataLink to provide your MetaStock charts and analysis with industry-leading data that is accurate, clean, and dependable.
"MetaStock is obviously made by people who understand traders' needs. It's a complete package that's easy to use, no matter what kind of securities you trade. It's the single tool that's allowed me to fine-tune my trading approach, pursue my avocation and build a satisfying retirement."
- Michael Alakel
There are two ways to begin using MetaStock DC:
Once you purchase the software it is yours to keep. However, before you purchase MetaStock Daily Charts you will need to decide which datafeed you will be using.
Your datafeed will be a monthly or yearly subscription. Daily Charts works with Datalink
(Receive 1 Month Free Trial)
Purchase a MetaStock Daily Charts subscription with monthly or yearly billing. You will receive full access to MetaStock Daily Charts PLUS end-of-day data from Refinitiv DataLink. [Note: Product is downloadable immediately after signing up.]
The MetaStock Enhanced System Tester™
Are the indicators you are using the best possible for the securities you are analyzing? What is your win/loss ration? What is your drawdowns? Is there a better method for trading my account.
With the exclusive MetaStock Enhanced System Tester™ you can create, back-test, compare, and perfect your strategies before you risk any money in the markets.
By analyzing every trade that would have occurred historically, you build confidence in future trades and answer the question, "If I had traded this security using these trading rules, how much money would I have made or lost?"
The Enhanced System Tester also shows you which securities work well with which systems. Unlike other systems that allow you to test only one strategy on one security, the MetaStock Enhanced System Tester allows you to test multiple securities against multiple strategies.
The MetaStock Expert Adviser™
Expert Advice is right at your fingertips, when and where you need it. MetaStock's expert Alerts keep you in touch with current trading conditions.
The MetaStock commentary window shows you in great detail how your expert assesses the chart you are viewing. Is it a buy, sell, or hold situation? If so... Why? You get insight gained through years of research and real-world trading.
The MetaStock FORECASTER™
Imagine if you had a tool that could paint a more probable, easy-to-read picture of the future? A picture based on patent-pending technology that uses any or all of 67 event recognizers. A picture that helps you more precisely set profit targets and stops. That's what you get with the MetaStock FORECASTER, the latest PowerTool available exclusively in MetaStock.
The FORECASTER plots a "probability cloud" based on your selection of any of 67 event recognizers. It uses advanced mathematics to examine the price action after these events to determine the probable performance of future events.
MetaStock Sets the Standard in Charting
MetaStock gives you nine of the most widely-used price charting styles:
Point & Figure
Page Layouts help you save time and stay organized. Save all of your on-screen charts together like pages in a book. So whenever you open your layout, the same securities appear.
Templates also save you time by applying the same set of indicators and studies to different securities. Rotate through different securities while keeping the same indicators and line studies on the screen.
Built-in toolbars let you easily refresh data, change periodicity, rescale the Y-Axis, zoom in & out, choose "previous" or "next security" in the open folder, and choose a security to open.
The Object Oriented Interface allows you to click on an object and get an instant menu for that item. The Click and Pick/Drag and Drop features let you drag price plots, indicators, text, and lines from one chart to another.
The MetaStock Explorer - Scan the Markets to Find Winning Securities.
There are thousands of stocks, currencies, options, and futures out there. Moreover, there are hundreds of indicators and systems you might want to use to trade them. How do you even begin to sort through the possibilities? How do you find the winners? That's where the MetaStock Explorer comes in. Now you can use YOUR criteria to scan a universe of securities to find the ones that fit YOUR strategy. Here are some examples of possible scans:
- Discover which securities have generated a buy or sell signal based on your custom criteria
- Find the securities that have just crossed above their 200-day moving average
- Generate a performance report of all your mutual funds
- Discover the securities which ranked highest by Wilders RSI
- Generate a list of securities that are above their 10-week moving average, with a stochastic of 80 or higher
The list of possible scans is almost endless. Not only does this save countless hours of sorting and sifting, but it allows you to do things you simply could not do otherwise.
The MetaStock Expert Advisor - Consult the Experts
When and where you need it, the MetaStock Expert Advisor provides you with the advice of industry professionals. With a single mouse click, you may access the industry's most popular systems and charting styles. Do you require additional information? Select the comments screen to view detailed information about the security you are tracking. You can study, for example, "What is a MACD and where should the buy and sell signals appear on the chart?" You can also design your own system with the simple MetaStock formula language.
Expert Alerts keep you up to date on current market conditions. Simple price and volume alerts or complex indicator triggers and multiple condition alerts can be used.
Expert Commentary explains in great depth how your expert evaluates the chart you're looking at. Is it time to purchase, sell, or hold? If so, why? You obtain knowledge gleaned from years of research and real-world trading.
Expert Symbols and Trends â€“ Buy and sell arrows, text, or any other symbols in the MetaStock palette automatically flag special conditions, according to your criteria.
The Enhanced System Tester - Test Your Trading Ideas
Create, back-test, compare, and perfect your strategies with The Enhanced System Tester before putting your money at risk in the markets. System testing can help answer the question, "How much money would I have made or lost if I had traded this security using these trading rules?" Testing a trading method historically is the most reliable technique to boost your confidence in it. The Enhanced System Tester allows you to evaluate a group of stocks to a group of trading systems to choose the optimal scenario.
Designed to simulate real trading scenarios, the Enhanced System Tester allows you to change variables such as entry, exit, order sizes, commissions, and more. This tool gives you incredible customization, comprehensive results, and detailed reports so that you can find the most historically successful trading scenario.
The Enhanced System Tester gives you the power to take huge amounts of past data and use it to analyze and predict what trading systems will be the most profitable.
Indicators & Trading Systems
With MetaStock's extensive collection of indicators and line studies (over 150 in total), you may analyze the market with the wisdom of history's most recognized traders. The built-in indicator interpretations in MetaStock even assist you in understanding how to trade each indicator. The Indicator Builder allows advanced users to create their own indicators.
42 Adaptive Indicators
Standard indicators use a fixed look-back period, which makes them less responsive to prevailing market conditions. MetaStock 13 incorporates 42 Adaptive Indicators with dynamic look-back functionality based on volatility, cycle, or a combination of both. This method provides the most responsive and accurate results.
Write your own system
MetaStock knows that many of our clients have their own ideas about what makes a great system. The MetaStock formula language is easy to learn and allows you to create just about any system you can think of. Not into programming? Tell us what you want and we'll do it for a nominal fee. Find out more about custom formula requests.
The best trading systems will fall short without a good exit strategy. MetaStock stop indicators help your system know when it's time to get out of the trade:
- Intellistops - these self-adjusting trailing stops do away with the old static stop systems, which are set at a fixed percentage from price. Intellistops are adaptive and adjust dynamically based on the current price activity of the security. Intellistops adjust according to cycles, volatility, and other conditions.
- Chandelier Stops - As the name indicates, Chandelier stops "hang" the sell stop from the extreme high reached over a predetermined period. When used properly, in tandem with other trading systems, Chandelier stops have been shown to produce profits even with randomly selected entries on a diversified group of futures.
The RMO System
This revolutionary trend-based system was developed by Rahul Mohindar. It incorporates a three-step indicator triggered by the Rahul Mohindar Oscillator and has become one of the most popular systems in MetaStock for its ease of use and reliability.
The Performance Systems
Trade at a higher level of confidence and expertise than you ever thought possible with the 26 trading systems included in MetaStock. Chosen after countless hours of intensive testing and rigorous research, these systems have a highly successful track record of profitable results.
We added state-of-the-art exploration tools to 10 of these systems. These explorations perform system testing - on not just one security - but over an entire database of securities. Plus, you'll get buy/hold vs. buy/sell comparisons, and buy/sell alerts to further assure your trade has the highest probability of success.