Metastock Review

MetaStock is a popular charting and technical analysis platform used by traders and investors worldwide. The platform offers a range of features to help users analyze market trends and make informed decisions about their investments. In this review, we will take a closer look at MetaStock and evaluate its features, pricing, and overall usability.

Features

MetaStock offers a comprehensive range of features to help users analyze market trends and make informed investment decisions. These features include:

  1. Charting: MetaStock offers advanced charting tools that allow users to customize charts and technical indicators to suit their individual trading strategies. The platform also offers a range of chart styles, including candlestick, bar, and line charts.
  2. Technical Analysis: MetaStock offers a range of technical analysis tools, including over 300 indicators, as well as the ability to create custom indicators using MetaStock’s formula language.
  3. Market Scanning: MetaStock allows users to scan the market for potential investment opportunities using a range of criteria, including price, volume, and technical indicators.
  4. Backtesting: MetaStock allows users to test their investment strategies using historical data, helping them to identify potential weaknesses and refine their strategies.

Pricing

MetaStock offers several pricing plans to suit the needs of different traders and investors. These plans include:

  1. MetaStock D/C: The D/C plan costs $69 per month and includes access to the platform’s charting, technical analysis, and market scanning tools.
  2. MetaStock R/T: The R/T plan costs $99 per month and includes all of the features of the D/C plan, as well as real-time market data and backtesting capabilities.
  3. MetaStock XENITH: The XENITH plan costs $199 per month and includes all of the features of the R/T plan, as well as access to additional market data and news.

Usability

MetaStock is a user-friendly platform that is easy to navigate and use. The platform’s interface is well-designed, with all of the key features and tools easily accessible from the main dashboard. The platform also offers a range of educational resources, including videos and tutorials, to help users get the most out of the platform.

Pros & Cons of MetaStock

Pros

  • Comprehensive analysis: MetaStock offers a comprehensive range of charting and technical analysis tools, as well as the ability to create custom indicators using MetaStock’s formula language.
  • Customizable: The platform allows users to customize charts and technical indicators to suit their individual trading strategies.
  • User-friendly: MetaStock’s interface is well-designed and easy to navigate, with all of the key features and tools easily accessible from the main dashboard.

Cons

  • Expensive: MetaStock’s pricing plans are relatively expensive compared to other charting and technical analysis platforms.
  • Steep learning curve: While MetaStock is user-friendly, it can take some time to learn how to use all of the platform’s advanced features and tools.

Conclusion

Overall, MetaStock is a comprehensive charting and technical analysis platform that offers a range of features to help traders and investors analyze market trends and make informed decisions about their investments. While the platform’s pricing plans are relatively expensive, its customizable charts and technical indicators make it a valuable tool for traders and investors. However, the platform’s steep learning curve may make it less accessible to beginners and casual traders.

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