What is Metastock?

What’s New in Metastock 17

MetaStock is a charting software tool for traders to analyze the markets. It uses technical analysis to help traders take the guesswork out of trading by offering a methodical, systematic approach to selecting which securities to trade and when.

At the core of MetaStock are the PowerTools. The PowerTools give professional-grade analysis tools to private traders. These tools have pre-built systems that you can use immediately to find pre-defined patterns in the stock market, or you can create a custom system designed to find a pattern that you have defined. Two new power tools that have been included in Metastock 17 are QUOTECENTRE and OPTIONSCOPE, plus several other user enhanced features.


QuoteCenter is your one-stop shop to see the current status of the securities that you are interested in. More than that, you can easily build and set up lists using QuoteCenter.

Sort on a variety of criteria to view the data that is most important to you, then just double click on a security to open a chart. It’s a fast and easy way to make your workflow more efficient than ever.


OptionScope puts all critical options information at your fingertips. The OptionScope option chain display gives you sortable, customizable, color-coded options data – including the Greeks.

The OptionScope filter window makes honing in on the data you want to see a breeze.

  • MetaStock D/C customers can view Option Chains for any US Optionable Stock (requires additional options data)
  • MetaStock R/T customer can view Real-time Option Chains for any global optionable equity*
  • View Puts/Calls with Net Change, % Change, Bid, Ask, Implied Volatility, Close, Open Interest, and Volume
  • View Greeks:Delta, Gamma, Theta, Vega, and Rho
  • Sort by Expiration Date, Strike Price, Filters, Expiration Type, In/Out of the Money and Greek Parameters
  • Filter on Expiration Date, Strike Price, Expiration Type, In/Out of the Money, At the Money, and Greeks.


You can now download MetaStock legacy file format data. The newest version of the Downloader will allow you to work with any of MetaStock’s file formats, great for customers wanting to edit legacy data in the downloader again, similar to Metastock versions 11 and lower. You can also cross convert between MSLocal, Legacy, and CSV


It is no longer necessary to manually update your Symbol Database. Automatic download and update now take place every month for online data. This keeps your data lists fresh and updated without you having to do anything.


Based on the legendary work of R.N. Elliott, the MetaStock Elliott Waves System gives you the ability to chart High, Medium and Low volatility Elliott Waves. Formally a best-selling $300 MetaStock Add-on, this system comes standard in MetaStock 17. Out of the box, you get 3 expert advisors, 6 explorations, and 5 templates. You also have the free option as a 17 user to download the complete Suite of Elliott Tools.


Take advantage of Martin Pring’s time-tested method for identifying emerging sectors in the market cycle. Formally a $299 add-on for MetaStock, Martin Pring’s Special K combines short, intermediate and long-term time frames into one series. This “Special K” series often peaks and troughs with actual bull and bear market turning points. It can be used in many ways. The two most important are:

  • Identify primary trend reversals at a relatively early stage
  • Using short-term changes in direction of this unique indicator to spot 1 to 6-week buying and shorting opportunities

This add-on includes all the following:

  • 7 indicators
  • 4 Explorations
  • 2 Expert Advisors
  • 2 Templates

The Explorer: Scans the market to filter and sort securities that fit your criteria. The explorer easily scans the entire market or selected lists in minutes to short list stocks that meet your search criteria, for example find all stocks that have closed above a 30 period moving average.

The System Tester: Tests most strategies through a process called back testing which allows you to see how your strategy would have performed over time.

The Expert Advisor: Generates a buy or sell signal based on the criteria of the system you have selected. Expert advisors may also be adapted to suit your trading needs or created from scratch.

The MetaStock FORECASTER: Uses patent-pending technology to help you see a clearer picture of tomorrow and set more precise stops and profit targets.

Who Uses Metastock: Metastock DC and MetaStock RT (Pro) were specifically designed for self-directed traders of all levels. Whether you are just starting out or a seasoned trader or investor, Metastock can help. Metastock has a solution for Day-Traders, Position Traders, SMSF Investors, Mum and Dad investors and everything in between. Our clients trade just about everything under the sun. MetaStock is perfect for analysing stocks, options, commodities, ETF’s, FOREX, futures and more.