MetaStock-Computer Program
MetaStock is a computer program that is used for technical analysis of stock market data. It is a popular tool among traders and investors for analyzing charts and identifying trading opportunities.
The program is available in both a standalone version and a version that can be used with the popular trading platform, MetaTrader 4. MetaStock allows users to import data from a variety of sources, including stock market data providers and brokers. This data can then be analyzed using a variety of technical indicators and charting tools.
One of the key features of MetaStock is its ability to perform backtesting. This allows users to test their trading strategies on historical market data, which can help to identify any potential issues and optimize the strategy for better performance.
MetaStock also provides a range of built-in indicators and charting tools, such as moving averages, RSI, and candlestick patterns. Users can also create their own custom indicators and signals using the program's programming language, MetaStock Formula Language (MFL).
In addition to its technical analysis capabilities, MetaStock also includes a range of news and fundamental analysis tools. This includes real-time news feeds, economic data, and financial statements.
Overall, MetaStock is a comprehensive tool that provides traders and investors with a wide range of tools and features to help them make informed trading decisions. It is suitable for both new and experienced traders, and can be customized to suit the individual needs of each user.
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