FAQ

MetaStock™ Professional FX - Frequently Asked Questions

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1. What is MetaStock?
   
   MetaStock is software program that is designed to help you make better decisions about when to buy and sell in the stock, FOREX, futures and commodities markets.
   
   

2. What is the difference between End-of-day and Real-Time?
   
   Real-time traders use intra-day data (prices that are constantly updating throughout the day) to make decisions about when to buy and sell during the trading day. End-of-day traders collect their data (Date, Open, High, Low, Close, Volume, and Open Interest) for the day after the markets have closed. We have products designed specifically for each type of trader.
   
   

3. What is QuoteCenter?
   
   QuoteCenter is a software and data module that receives real-time data provided by Reuters. QuoteCenter can be used by itself or the real-time data can be used to power MetaStock Pro or MetaStock Pro FX.
   
   

4. If I'm a professional trader, can I use QuoteCenter?
   
   No, QuoteCenter is only for Non Professionals as defined by the New York Stock Exchange: Nonprofessional Subscriber means any person who is not: (i) registered or qualified with the Securities and Exchange Commission, the Commodities Futures Trading Commission, any state securities agency, any securities exchange or association, or any commodities or futures contract market or association; (ii) engaged as an investment advisor; nor (iii) employed by a bank or other organization exempt from registration under Federal and/or state securities laws to perform functions that would require him or her to be so registered or qualified if he or she were to perform such functions for an organization not so exempt. If you are a Professional, please contact Reuters Business Direct for the appropriate market data platform at 1-800-435-0101 (Select Option 6) in North America; or click here for international contact numbers.
   
   

5. What is Reuters DataLink?
   
   Reuters DataLink is an end-of-day data service that provides the following data fields for a symbol: Date, Open, High, Low, Close, Volume, and Open Interest. The historical data goes back at least 15 years. There are many different software programs that are compatible with Reuters DataLink.
   
   

6. What is the difference between MetaStock Pro, MetaStock Pro FX, and MetaStock End-of-Day?
   
   MetaStock Pro - Equis' premium technical analysis and charting software product for real-time traders.
   
   MetaStock Pro FX - Equis' Foreign Exchange (FX) focused software product. The product, like MetaStock Pro, is for real-time traders, but has a slightly reduced feature set and price. The symbol database only has the FOREX pairs. Also, the program does not include the Power Pivots indicator or volume based indicators, and does not come with a historical data CD.
   
   MetaStock End-of-Day - Equis award winning analysis program that is designed to help you make decisions about when to buy and sell in the stock, FOREX, futures and commodities markets based on end-of-day data.
   
   

7. What is the difference between the subscription version of MetaStock and the purchase version of MetaStock?
   
   MetaStock can either be subscribed to on an ongoing basis or purchased outright. The subscription includes the MetaStock software and accompanying data feed and can be paid for on a monthly or yearly basis. If the subscription is cancelled, neither the software nor the data feed are accessible.
   
   The purchase version contains the MetaStock software only and is purchased for a one time charge. The software is always accessible because you own it and have paid for it outright. With this option, you will have to sign up for a data feed separately to run data into the program.
   
   

8. Does MetaStock Pro have the same features as MetaStock Pro FX?
   
   Yes, MetaStock Pro has the same features as MetaStock Pro FX including all of the FX tools. In addition to the features in Pro FX, the full MetaStock Pro version includes a full symbol database, volume indicators, and comes with a historical data CD.
   
   

9. What data feed do you need for MetaStock Pro?
   
   MetaStock Pro can work with one of three data feeds: QuoteCenter, eSignal, or Quote.com. We recommend running MetaStock Pro with the QuoteCenter data feed for the highest quality analysis at the best price.
   
   

10. What data feed do you need for MetaStock End-of-Day?
    
    MetaStock End-of-day was designed to work with Reuters DataLink, but can work with other data providers. Call our sales team if you would like more information on additional data providers.
    
    

11. Do I have to use Equis data feed?
    
    No, although we recommend using Equis data feeds, both the real-time and end-of-day software products work with several different data feeds.
    
    

12. What time frames can be displayed inside MetaStock?
    
    Other than multi-tick bars, real-time versions of MetaStock can display any intraday time frame in the range of 1 minute to 1439 minutes. For end-of-day customers, any combination of daily bars can be displayed.
    
    

13. Can I get MetaStock Pro 9.2 for eSignal?
    
    No, MetaStock Pro 9.2 is available for the QuoteCenter data feed version only. The enhancements and fixes in the 9.2 version apply specifically to the QuoteCenter data feed. The most recent version of MetaStock Pro for eSignal & QCharts is 9.1.
    
    

14. Do I need to order a plug-in or does MetaStock work on its own?
    
    MetaStock works on its own; it does not need a plug-in. Plug-Ins enhance the functionality of MetaStock.
    
    

15. Which plug-in would work best for me?
    
    Each Plug-In serves a specific purpose, so it depends on what type of analysis you want to do. A product specialist can walk you through what Plug-In will best suit your needs:
    
    US: 1 (888) 977-3472
    International: 1 (903) 455-9860
    
    

16. Which plug-in works for real-time or EOD?
    
    Most Plug-Ins work for both real-time and EOD versions of MetaStock. However, the table below shows what we recommend.
    
    

    Plug-In	End-of-Day	Real-Time	Required MetaStock Version
    FXTA - FX Traders Advantage	No	Yes	9.1 +
    Dr. Elder's Trading Room	Yes	No	8.01 +
    Greg Morris Breadth Indicator Toolbox	Yes	No	9.0 +
    PowerPivots Plus	Yes	No	7.2 +
    Nison's Candlesticks Unleashed (NCU)	Yes	No	7.2 +
    Performance Plus System	Yes	No	7.03 +
    John Murphy's Chart Pattern Recognition	Yes	No	7.0 +
    Bollinger Band System	Yes	No	7.03 +
    AlphOmega Elliot Waves	Yes	No	7.2 +
    ICE 2.6	Yes	No	9.1 +
    Bollinger Band Toolkit	Yes	Yes	8.01 +
    Profit Trader Real Time	No	Yes	7.03 +
    Profit Trader End of Day	Yes	No	7.03 +
    ETS Trading System	Yes	No	8.01 +
    Thom Hartle HPO	Yes	No	8.01 +
    Trade Oracle	Yes	No	7.22 +

    
    
    

17. What is FXTA - FX Trader's Advantage?
    
    FXTA is a subscription based Plug-In designed to work with MetaStock Pro or MetaStock Pro FX. It includes custom indicators, explorations, system tests, and expert advisors that focus on trading currency pairs.
    
    

18. What are the system requirements?
    
    System requirements are listed under the left-side menu for each product. For example, to find the system requirements for MetaStock End-of-Day, click on the heading End-of-day, then MetaStock End-of-Day, then System Requirements.
    
    

19. What line studies does MetaStock include?
    
    

    • Andrews' Pitchfork

    • Cycle Lines

    • Ellipse

    • Equidistant Channel

    • Fibonacci Arcs, Fans, Retracements

    • Fibonacci Time Zones

    • Gann Lines, Fans, Grids

    • Linear Regression Trendline

    • ODDSâ„¢ Probability Cones

    • Quadrant Lines

    • Raff Regression Channel

    • Rectangle

    • Speed Resistance Lines

    • Standard Deviation Channel

    • Standard Error Channel

    • Tirone Levels

    • Trendlines

    • Triangle
       

20. What indicators does MetaStock include?
    
    Show list>>

    • Acc/Swing Index (Accumulation Swing Index)

    • Accumulation/Distribution

    • Aroon

    • Average True Range

    • Bollinger Bands

    • CCI

    • Chaikin A/D Oscillator

    • Chaikin Money Flow

    • Chande Momentum Oscillator

    • Commodity Selection

    • Correlation

    • Dema

    • Demand Index

    • Detrended Price Oscillator

    • Directional Movement +DI

    • Directional Movement –DI

    • Directional Movement ADX

    • Directional Movement ADXR

    • Directional Movement DX

    • Dynamic Momentum Index

    • Ease of Movement

    • Envelope

    • Forecast Oscillator

    • Fourier Transform

    • Herrick Payoff Index

    • Ichimoku Kinko Hyo

    • Inertia

    • Intraday Momentum Index

    • Klinger Oscillator

    • Linear Regression Indicator

    • Linear Regression Slope

    • MACD

    • Market Facilitation Index

    • Mass Index

    • Median Price

    • MESA Sine Wave

    • Momentum

    • Money Flow Index

    • Moving Average

    • Negative Volume Index

    • On Balance Volume

    • Open Interest

    • Option Delta

    • Option Expiration

    • Option Gamma

    • Option Life

    • Option Price

    • Option Theta

    • Option Vega

    • Option Volatility

    • Parabolic SAR

    • Performance

    • Polarized Fractal Efficiency

    • Positive Volume Index

    • Price Channel

    • Price Oscillator

    • Price ROC

    • Price Volume Trend

    • Projection Bands

    • Projection Oscillator

    • QStick

    • R-Squared

    • Random Walk Index

    • Range Indicator

    • Relative Momentum Index

    • Relative Performance

    • Relative Strength Comparative

    • Relative Strength Index

    • Relative Volatility Index

    • Spread

    • Standard Deviation

    • Standard Error

    • Standard Error Bands

    • Stochastic Momentum Index

    • Stochastic Oscillator

    • Swing Index

    • Tema

    • Time Series Forecast

    • Trade Volume Index

    • TRIX

    • Typical Price

    • Ultimate Oscillator

    • Vertical Horizontal Filter

    • Volatility (Chaikin’s)

    • Volume

    • Volume Oscillator

    • Volume ROC

    • Weighted Close

    • Wilder’s Smoothing

    • Williams’ %R

    • Williams’ Acc/Dist

    • ZigZag

    • ** P & F Values **

    • Advance/Decline Line

    • Alpha

    • Arms Index (Online)

    • Beta

    • Binary Wave #1 20-unit m.a. Binary Wave

    • Binary Wave #2 MACD/trigger Binary Wave

    • Binary Wave #3 12-ROC price Binary Wave

    • Binary Wave #4 5-Stochastic Binary Wave

    • Binary Wave All Composite Wave of above

    • BM Monetary 13-week T-bill yield

    • BM Monetary 26-week T-bill yield

    • BM Monetary 30-Year Treasury bond yield

    • BM Monetary Composite Index - Medium Term

    • BM Monetary Composite Index - Short Term

    • BM Monetary Euro Exchange Rate

    • BM Monetary Fed Funds Rate

    • BM Monetary Gold / Silver Ratio

    • BM Monetary Gold base price

    • BM Monetary Interest Rate ROC

    • BM Monetary Japanese Yen Exchange Rate

    • BM Monetary Prime Rate

    • BM Monetary Silver base price

    • BM Monetary T-bill yield spread

    • BM NASDAQ Absolute Breadth Index

    • BM NASDAQ Advance/Decline Line

    • BM NASDAQ Advance/Decline Ratio

    • BM NASDAQ Advancing - Declining Issues

    • BM NASDAQ Advancing Issues

    • BM NASDAQ Advancing Volume

    • BM NASDAQ Arms Index

    • BM NASDAQ Breadth Thrust

    • BM NASDAQ Changed Volume

    • BM NASDAQ Composite Tape Index - Medium Term

    • BM NASDAQ Composite Tape Index - Short Term

    • BM NASDAQ Cumulative Volume Index

    • BM NASDAQ Declining Issues

    • BM NASDAQ Declining Volume

    • BM NASDAQ MACD

    • BM NASDAQ McClellan Oscillator

    • BM NASDAQ McClellan Summation

    • BM NASDAQ Negative Volume Index

    • BM NASDAQ New Highs - New Lows Ratio

    • BM NASDAQ New Highs - New Lows

    • BM NASDAQ New Highs

    • BM NASDAQ New Highs/New Lows Cumulative

    • BM NASDAQ New Lows

    • BM NASDAQ On Balance Volume

    • BM NASDAQ Open-10 TRIN

    • BM NASDAQ Overbought/Oversold

    • BM NASDAQ Positive Volume Index

    • BM NASDAQ Rate of Change (Percent)

    • BM NASDAQ Rate of Change (Points)

    • BM NASDAQ Relative Strength Index

    • BM NASDAQ STIX

    • BM NASDAQ Stochastic Oscillator

    • BM NASDAQ Total Volume

    • BM NASDAQ Unchanged Volume

    • BM NASDAQ Upside/Downside Ratio

    • BM NASDAQ Upside/Downside Volume

    • BM NYSE Absolute Breadth Index

    • BM NYSE Advance/Decline Line

    • BM NYSE Advance/Decline Ratio

    • BM NYSE Advancing - Declining Issues

    • BM NYSE Advancing Issues

    • BM NYSE Advancing Volume

    • BM NYSE Arms Index

    • BM NYSE Breadth Thrust

    • BM NYSE Changed Volume

    • BM NYSE Composite Tape Index - Medium Term

    • BM NYSE Composite Tape Index - Short Term

    • BM NYSE Cumulative Volume Index

    • BM NYSE Declining Issues

    • BM NYSE Declining Volume

    • BM NYSE MACD

    • BM NYSE McClellan Oscillator

    • BM NYSE McClellan Summation

    • BM NYSE Negative Volume Index

    • BM NYSE New Highs - New Lows Ratio

    • BM NYSE New Highs - New Lows

    • BM NYSE New Highs

    • BM NYSE New Highs/New Lows Cumulative

    • BM NYSE New Lows

    • BM NYSE On Balance Volume

    • BM NYSE Open-10 TRIN

    • BM NYSE Overbought/Oversold

    • BM NYSE Positive Volume Index

    • BM NYSE Rate of Change (Percent)

    • BM NYSE Rate of Change (Points)

    • BM NYSE Relative Strength Index

    • BM NYSE STIX

    • BM NYSE Stochastic Oscillator

    • BM NYSE Total Volume

    • BM NYSE Unchanged Volume

    • BM NYSE Upside/Downside Ratio

    • BM NYSE Upside/Downside Volume

    • DT Resistance (longer term) <auto>

    • DT Resistance (longer term) <manual>

    • DT Resistance (shorter term) <auto>

    • DT Resistance (shorter term) <manual>

    • DT Support (longer term) <auto>

    • DT Support (longer term) <manual>

    • DT Support (shorter term) <auto>

    • DT Support (shorter term) <manual>

    • DT Trndline Dn (longer term) <auto>

    • DT Trndline Dn (longer term) <manual>

    • DT Trndline Dn (shorter term) <auto>

    • DT Trndline Dn (shorter term) <manual>

    • DT Trndline Up (longer term) <auto>

    • DT Trndline Up (longer term) <manual>

    • DT Trndline Up (shorter term) <auto>

    • DT Trndline Up (shorter term) <manual>

    • MACD (DEMA-smoothed)

    • MACD (TEMA-smoothed)

    • McClellan Oscillator (Online)

    • McClellan Summation Index (Online)

    • Moving Average Ribbon

    • O.B.V. Good example of if() func

    • P & F 45 Down

    • P & F 45 Up

    • P & F Current Box

    • P & F New Column

    • P & F Resistance Trendline

    • P & F Support Trendline

    • P & F Trend

    • pp (Dow 30) :: Fibonacci Ladder *

    • pp (Dow 30) :: Nth Pivot Price *

    • pp (Dow 30) :: Pivots *

    • pp (Dow 30) :: Retrace (2 Plots) *

    • pp (Dow 30) :: Retrace (3 Plots) *

    • pp (Dow 30) :: Retrace (4 Plots) *

    • pp (Dow 30) :: TAverage*

    • pp (Dow 30) :: TimeCapsules *

    • Profitunity - PTG AC Green

    • Profitunity - PTG AC Red

    • Profitunity - PTG Alligator Blue

    • Profitunity - PTG Alligator Green

    • Profitunity - PTG Alligator Red

    • Profitunity - PTG AO Green

    • Profitunity - PTG AO Red

    • PS Adaptive Moving Average

    • PS Cycle Progression

    • PS Long Sell Short Sale-5 Day

    • PS MACD Histogram

    • PS Meisels

    • PS Percentage Crossover 3%

    • PS Projection Oscillator 1

    • PS StochRSI

    • Rainbow Band Lower

    • Rainbow Band Upper

    • Rainbow Max

    • Rainbow Min

    • Rainbow Oscillator

    • Sine Wave 5-unit standing sine wave

    • Squat Bar Variable Example

    • Stochastic Example of hhv() function

    
    Pro also includes the following:

    • FX Trader's Advantage - 60-minute Pivot

    • FX Trader's Advantage - Daily Pivot

    • FX Trader's Advantage - Indicator

    • FX Trader's Advantage - Indicator, simplified

    • FX Trader's Advantage - Volatility

    
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