MetaStock Review

What is MetaStock?

MetaStock is a stock market technical analysis and charting service with over 600 types of charts and indicators. MetaStock allows charting of Stocks, ETFs, Indices, Bonds & Currencies. MetaStock has industry-leading stock backtesting & forecasting capabilities. Realtime news and financial fundamental screening are provided by the MetaStock Refinitiv add-on service.

MetaStock Pricing and Software

Rating – 10/10

To understand the pricing, you need to know that you can purchase MetaStock with Datalink, the data provider, or you can purchase a real-time subscription or even my preferred choice, which is MetaStock + Refinitiv Xenith.  Why do you need Refinitiv Xenith? Because it is the premium stock market and financial markets research tool and includes a real-time news platform powered by Thomson Reuters.

MetaStock XVII with Datalink – $22 per month

MetaStock XVII by itself, starts at a very reasonable $22 per month, which unlocks the end-of-day data package. As you will see, that is an excellent combination of award-winning technical analysis and expert advisors for system backtesting, forecasting, and analysis.

MetaStock is designed only for the PC but can be run on Mac with PC emulation software.  You will need to download and install MetaStock and configure your specific data feeds for the markets you want to trade.  So the software installation is not as slick and quick as competitors, but the package is potent because it enables you to configure different data providers, like your broker, for example.

MetaStock has a clean sweep in terms of Stock Exchanges covered (e.g., all of them), and it covers all of the vehicles, Stocks, ETF’s Mutual Funds, Options, Futures Forex, and Bonds.

MetaStock is one of the biggest fish in the sea of stock market analysis software.  Backed up by the mighty Thomson Reuters, you can expect excellent fast global data coverage and broad market coverage.  There are two other packages below, having reviewed the Refinitiv Xenith application I would recommend the MetaStock + Refinitiv Xenith option ensure you have the real-time news package with MetaStock.  

MetaStock R/T – with Reuters Real-Time Data. $99 per month

This package is a fully-functional version of MetaStock R/T (real-time) charting and analysis software that is designed for real-time market analysis.  It is powered by Refinitiv XENITH, so you get Reuters real-time news, data, and analysis

MetaStock R/T Subscription with Refinitiv XENITH. $199 per month

This service is also a fully-functional version of MetaStock R/T charting and analysis software that is designed for real-time market analysis and is powered Refinitiv XENITH; the key difference is it provides streaming data on any time frame including tick, intraday, daily, weekly, etc.

MetaStock with it’s Thomson Reuters Refinitiv Xenith News service integration is worth the money just for the news service, but it is so much more than just news.  See in the News section below what Xenith can do.

MetaStock Discount Code

We work with MetaStock as a partner and have a special 3 months for the price of 1 offer for our readers.

Trade Management

Rating – 4/10

MetaStock does provide broker integration, but the execution of trades from charts and live integrated P&L analysis is limited, this is definitely an area of improvement for the future.  However, for trading, you can use Refinitiv Xenith.

MetaStock Fundamental Scanning and Screening

Rating – 10/10

As  I mentioned, MetaStock is owned by Thomson Reuters, who are, without a doubt, the biggest and best provider of real-time news and market analysis.  They also have an incredible database of global fundamental data, not just on companies but countries, economies, and industries.

The filtering and scanning possibilities are endless. I would like to see better integration within the MetaStock suite, bringing together the fundamentals and the technical analysis to enable better charting and technical analysis on fundamentals. However, the wealth of data is first class.

Using Refinitiv Xenith, you can see an in-depth analysis of company fundamentals from debt structure to top 10 investors, including level II market liquidity.  Excellent watch lists featuring fundamentals and powerful scanning of the markets gets a perfect 10

MetaStock + Refinitiv News & Social

Rating – 10/10

News Service.

MetaStock XVI has full Refinitiv Xenith (previously Eikon) integration with institutional level news, analysis, and outlook.  This is the fastest global news service available on the market, including translations into all major languages.  Reuters also provides TV news coverage through smartphone and smart TV applications; it is after all the largest news agency in the world.  Along with the package, you get Reuters Insider alerts, which are exclusive content and research provided by the expert analysts on the financial network team.

Special News Features.

Core features include detailed financial snapshots of a company.  In the image below, you see the Refinitiv Xenith Streaming News Screen for Netflix (Ticker: NFLX).  Take a look at the attention to detail here and the amount of original news coming in from the Reuters Network; you will get this news before anyone else.  Included in Refinitiv Xenith, you also get stock quotes, charts, detailed Analyst Estimates, and a full listing of all financial details and SEC filings, complete with upcoming events listings, so you are prepared for action.  Thomson Reuters, as you can imagine, covers everything, including stock, options, bonds, futures, FX, and macroeconomic news and data.  An unparalleled source of information.

MetaStock Refinitiv Xenith – News & Research Software Platform

The platform itself is straightforward to use as MetaStock has emphasized the user experience and workflow.  You can have multiple workspaces for multiple monitors and save each workspace seamlessly for reuse.  Of course, the software is available on all devices, from PCs to smartphones and TVs.

Thomson Reuters, the king of the real-time newsfeed and global market data coverage, is the owner of MetaStock, so you get the entire wealth of knowledge included in the package.  This should not be underestimated.

MetaStock, however, does not have any social elements, which under normal circumstances, would detract from the score, however, because the news feeds are so strong it warranted still a 10 out of 10.

Technical Analysis

Rating – 10/10

Forex forecasting based on sentiment is an exceptional feature.  Never mind the broadest selection of technical analysis indicators on the market today. MetaStock is the king of technical analysis, warranting a perfect 10.

MetaStock takes a clean sweep when it comes to Charting covering all the core chart types, but also includes, Point & Figure, Equivolume, and Market Profile charts.  When it comes to indicators, MetaStock has 300+ different types, including Darvas Box and Ichimoku Cloud.  MetaStock will also help you develop your indicators based on their coding system.

Finally, MetaStock racks up a perfect score on the drawing tools section, which includes Gann and Fibonacci tools.

MetaStock Systems and Backtesting

Rating – 9/10

Another area where MetaStock excels is what they call the expert advisors.  MetaStock harnesses a massive amount of inbuilt systems that will help you as a beginner or intermediate trader understand and profit from technical analysis patterns and well-researched systems.  This is a crucial area of advantage.

As you launch MetaStock, you will be presented with the power console.  This enables you to select what you want to do quickly.  Select System Test, and you will have access to 58 different systems you can backtest.  In the example below, I selected the Equis – MACD Expert System, and I ran in on the entire Nasdaq 100.

After 60 seconds backtest completed and presented me with a list of every buy or sell trade and, of course, the drawdown on the portfolio chart that you can see above.  You can click through to any trade to see the background to the trade, size of the trade, duration, and profit or loss.

MetaStock harnesses a massive amount of inbuilt systems and Expert Advisors that will help you as a beginner or intermediate trader understand and profit from technical analysis patterns and well-researched systems.  This is a crucial area of advantage.

Of course, the inbuilt systems are not going to make you super-rich; the reason you want to backtest and develop your own winning system is to get an edge in the market.  With some scripting or programming skills, you will be able to achieve this with MetaStock.  If you do not, you can ask MetaStock or one of a considerable number of MetaStock Partners to assist you in building your system.

There are also many premium stock trading systems for MetaStock sold by their partners and usually backed up with training and webinars to support the clients.

Fundamental Scanning and Screening

As  I mentioned, MetaStock is owned by Thomson Reuters, who are, without a doubt, the biggest and best provider of real-time news and market analysis.  They also have an incredible database of global fundamental data, not just on companies but countries, economies, and industries.

The filtering and scanning possibilities are endless. I would like to see better integration within the MetaStock suite, bringing together the fundamentals and the technical analysis to enable better charting and technical analysis on fundamentals. However, the wealth of data is first class.  Using Refinitiv, you can see a really in-depth analysis of company fundamentals from debt structure to top 10 investors, including level II market liquidity.  Excellent watch lists featuring fundamentals and powerful scanning of the markets gets a perfect 10

MetaStock Forecaster Capability

The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.  By selecting Forecaster from the power console, you can simply choose one or more stocks, ETF’s or Forex pairs and click forecast.

You are then presented with an interactive report which enables you to scan through the many predictive recognizers which help you understand the basis for the prediction and the methodology.  Clever stuff.

Predict Market Prices With MetaStock Forecaster Video

The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.