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MetaStock
®
Professional
User's Manual
Version 8.0
All Rights Reserved
Copyright  1985-2002
Printed in the USA
Equis International
3950 South 700 East, First Floor
Salt Lake City, UT 84107
http://www.equis.com
For Windows 98

and higher
 Achelis Binary Wave, DataOnDemand, The DownLoader, Expert Advisor, The Explorer, Visual Control,
QuoteCenter, and Smart Charts are trademarks of Equis International. Equis, MetaStock, and OptionScope are
registered trademarks of Equis International. Reuters is a registered trademark of Reuters Limited. eSignal is a
registered trademark of Data Broadcasting Corporation. IBM is a registered trademark of International Business
Machines Corporation. MS-DOS, Microsoft Windows, Microsoft Windows 98, Microsoft Windows NT, Microsoft
IntelliMouse, Microsoft Office, Microsoft Word, Microsoft Excel, and Paint are registered trademarks of Microsoft
Corporation. ODDS is a trademark of Fishback Management & Research Co. All other product names or services
mentioned are trademarks or registered trademarks of their respective owners.
Contents
Getting Started............................................................................................... 1
Welcome ....................................................................................................................................1
What You Need to Run MetaStock Pro .....................................................................................2
Two Quick Steps for Getting Up to Speed Fast.........................................................................2
Installing MetaStock Pro............................................................................................................3
Running MetaStock Pro .............................................................................................................3
Getting Help...............................................................................................................................4
The Workplace ............................................................................................... 7
Microsoft Windows Standard Features......................................................................................7
Using the Menus ......................................................................................................................17
Using Dialogs ..........................................................................................................................18
Using the Toolbars...................................................................................................................19
Using the Status Bar.................................................................................................................27
HELP! Using MetaStock Pro’s Help System..........................................................................29
Changing the Appearance of MetaStock Pro’s Workplace......................................................31
Collecting Your Data ................................................................................... 41
What is Data?...........................................................................................................................41
DataOnDemand™....................................................................................................................42
Collecting Local Real-time Data..............................................................................................43
End-of-day Data Collection with The DownLoader ................................................................58
Chart Concepts............................................................................................ 63
Managing Your Charting .........................................................................................................63
Opening, Closing and Saving (General) ..................................................................................64
Special Controls in the New, Open, and Save Dialogs ............................................................70
Searching for Securities with the Find Command ...................................................................74
Deleting Chart and Layout Files ..............................................................................................75
Saving Your Work with Charts ................................................................... 77
What is a Chart?.......................................................................................................................77
Creating a New Chart...............................................................................................................78
Displaying Existing Charts ......................................................................................................79
Saving Charts ...........................................................................................................................81
Closing Charts..........................................................................................................................82
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Scanning Charts with the Change Security Commands...........................................................83
Scrolling Charts .......................................................................................................................85
Cloning Charts .........................................................................................................................86
Using the Microsoft IntelliMouse Pointing Device .................................................................87
Combining Multiple Charts with Layouts .................................................. 89
What is a Layout? ....................................................................................................................89
Creating a New Layout ............................................................................................................90
Displaying an Existing Layout.................................................................................................91
Scanning Charts in a Layout ....................................................................................................92
Making Changes to a Layout ...................................................................................................92
Saving a Layout .......................................................................................................................95
Closing a Layout ......................................................................................................................96
Recycling Your Work with Templates........................................................ 97
What is a Template?.................................................................................................................97
Creating a New Template ........................................................................................................97
Applying an Existing Template ...............................................................................................98
Making Changes to a Template .............................................................................................101
Saving a Template..................................................................................................................101
The Default Template ............................................................................................................102
Customizing a Chart's Appearance ......................................................... 103
Chart Window........................................................................................................................103
Inner Windows.......................................................................................................................110
Scales .....................................................................................................................................118
Printing Charts and Data .......................................................................... 133
Introduction............................................................................................................................133
Selecting and Configuring Your Printer ................................................................................133
Customizing the Printout with Page Setup.............................................................................134
Previewing Charts Before Printing ........................................................................................137
Printing Charts and Data ........................................................................................................138
Working with Price Plots .......................................................................... 143
Introduction............................................................................................................................143
Base Security Concept ...........................................................................................................143
Types of Price Plots ...............................................................................................................144
Modifying a Price Plot ...........................................................................................................146
Updating and Editing a Price Plot's Data ...............................................................................152
Copying, Deleting, and Moving Price Plots ..........................................................................153
Inserting Price Plots ...............................................................................................................158
Viewing Values on the Chart .................................................................................................158
Working with Indicators............................................................................ 163
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What is an Indicator? .............................................................................................................163
Plotting an Indicator...............................................................................................................163
Modifying an Indicator ..........................................................................................................167
Copying, Deleting, and Moving Indicators............................................................................172
Viewing Indicator Values with the Data Window .................................................................174
Online Indicator Interpretation ..............................................................................................174
Indicator Parameters ..............................................................................................................174
Working with Line Studies........................................................................ 205
What is a Line Study? ............................................................................................................205
Drawing a Line Study ............................................................................................................205
Modifying a Line Study .........................................................................................................208
Adjusting, Copying, Deleting, and Moving Line Studies......................................................211
Line Study Parameters ...........................................................................................................215
Working with the Internet ......................................................................... 227
Internet Integration.................................................................................................................227
Collecting Data through the Internet......................................................................................228
Updating MetaStock Pro........................................................................................................228
E-mailing Charts with the Send Command............................................................................228
Saving Charts as HTML ........................................................................................................228
Internet Shortcut Menus.........................................................................................................229
Equis on the Web ...................................................................................................................234
The MetaStock Formula Language .......................................................... 235
What is the MetaStock Formula Language? ..........................................................................235
Price Array Identifiers............................................................................................................235
Mathematical Operators .........................................................................................................236
Operator Precedence ..............................................................................................................236
Formula Functions .................................................................................................................237
Function Parameters...............................................................................................................238
Locating Errors in Formulas ..................................................................................................238
Inserting Functions ................................................................................................................239
Writing Comments.................................................................................................................240
Nesting Functions ..................................................................................................................240
The if() function.....................................................................................................................241
Using "And" and "Or" Operators...........................................................................................241
Referencing Existing Custom Indicators ...............................................................................242
Referencing Securities with the Security Data Function .......................................................243
Using Variables to Enhance and Simplify .............................................................................244
Self Referencing Formulas Using PREV...............................................................................246
The “P” Data Array Identifier ................................................................................................247
Formula Tips..........................................................................................................................248
Using the Formula Organizer to Import and Export ..............................................................249
Glossary .................................................................................................................................249
Error Messages ......................................................................................................................251
Functions................................................................................................................................252
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