Metastock is an essential tool to the serious stock trader because of the charts and TA analysis that it easily provides of your stocks. You may be a stock investor, a stock trader, a professional, or an amateur, but the insight and analysis that Metastock opens up to you is invaluable and can save you thousands of dollars in expensive mistakes in bad trades.
Check out this video that showcases one of the more powerful features of MetaStock: How it allows to easily perform line studies on securities. This can include Gann Fan, Fibonacci, and trendlines. Best of all, it’s all a simple drag-and-drop process, and you can easily drag lines around to fit it to your chart’s prices.
Entire schools of thought have been developed around these line studies, and in combination with other technical analysis indicators, they can be a very powerful tool in your trading arsenal.