Forum Archive Index - November 2003

[Phaedrus <Phaedrus@techemail.com>]

Allan,
      You ask if MetaStock will "update the charts on a live action basis". 
 There are 2 versions of MetaStock. The most commonly used version runs on "end 
of day" data, automatically updating all charted indicators (including trailing 
stops) just as soon as the EOD data is uploaded. Then there is the 
"Professional" version, which needs a live data feed. This version updates all 
indicators etc on a live "realtime" basis.
 Either version can be set up such that any particular event (such as prices 
falling below a programmed trailing stop) will trigger a visual and/or audible 
alert.
 Trailing stops are good for people that want to continue to hold when a stock 
that has been in an uptrend goes into a trading range. Trendlines, moving 
averages and most trend indicators give sell signals (sooner or later) under 
these circumstances.
 
        Regards,
                   Phaedrus.
 

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