(03) 94592317 info@metastockaustralia.com.au
Whats New in Metastock 16?

MetaStock XVI – What’s New?


MetaStock 16DC has the ability to run offline with no connection to the internet. This allows you to save your charts offline and study your charts offline like older versions of Metastock did. Offline Mode in Metastock 16DC allows you to download your data in advance, then analyse it offline… anywhere! If you have your computer, you have the ability to review your charts, run an exploration, analyse data, view the FORECASTER, and more. Metastock XVI allows you to make critical decisions, not just convenient ones. Now you connect to the internet, download the latest updates and then take your analysis on the go. This is a very important change and a welcome addition for many Australian Metastock users.


Metastock 16DC is flexible enough to keep up with just about any type of data.

Metastock users no longer need to have a subscription to Thomson Reuters Datalink and can enjoy the benefits of the new tools in Metastock 16DC while continuing to use your own preferred local data supplier.

We provide the very best quality local data covering the ASX and USA Equities markets + World Futures and Forex data, more information is available here

Metastock 16 reads the standard local data format called legacy MetaStock File Format, the same format used in Metastock versions 11 and lower, and a new MetaStock format called MSLocal and CSV.

Metastock 16DC now supports all these data formats:

MetaStock File format (legacy)

MSLocal (new and improved)


NEW Improved Explorer

The Explorer has been re-imagined with a more friendly interface to help you identify the information you need more quickly.

  • Instantly know the number of results and rejects while being able to see the name of your scan, runtime, and if they are using a filter, interval, and periods displayed on one screen.
  • Click “View Details” to quickly view your exploration overview and details.
  • View all exploration reports in one window rather than going through each one individually.
  • Double-click on any row in the exploration report and it will open your chart.
  • Leave the exploration report open and work with your charts at the same time.
  • View all past exploration results in one easy to access screen.

New Favorites

Add ANY exploration or system test to your favorites. The favorites list is displayed at the top of the Exploration Window or Systems Test Window, making it easy for you to quickly access your preferred workflows. As an added bonus you can now view all results from only your favorite Explorations or all explorations.


Built from the ground up, the NEW Downloader is designed to help you quickly and easily down­load, store, convert and manipulate your EOD market data.

Downloader can take your legacy MetaStock File format or any data in CSV format and convert it to the new MetaStock file format (MSLocal). The intuitive Downloader Console helps you navigate and manage the local data on your pc. Adjusting, creating, storing, converting, and moving data has never been easier. Downloader even supports the hourly market snapshot feature in MetaStock VIII and higher for ASX data and other select markets.


The FORECASTER has quickly become a favourite tool in the MetaStock User’s arsenal, but we knew it could be better. With MetaStock XVI you can now use the FORECASTER analyse any included recognizer or any pat­tern you draw in any time frame. This means you have the ability to look at the time frame in which you trade – a definite bonus in your analysis.


MetaStock templates allow you to open the a chart just the way you want with your systems already in place. The following are the latest in the ever growing list of MetaStock Templates:

SectorStat now includes the following:

  1. Bollinger Bands
  2. Oscillating Indicators
  3. Popularized MACD
  4. Price Percentage Oscillator (PPO)
  5. MACD Histogram
  6. Pivots Daily (R/T Only)
  7. Pivots Weekly

Customizable Time Frames:

With MetaStock XVI you have the ability to Chart, Scan, Test, and Recognize FORECASTER patterns in ANY time frame. With MetaStock D/C you can use multiple day or higher charts to Scan, Test, and Forecast. With MetaStock R/T you can Scan, Test and Forecast with any multiple of minute, hour, day or higher.

Teach Talk Trade System:

Brand new in MetaStock XVI, Teach Talk Trade provides exact entry, stop loss and exit parameters – this is unique among trading systems. It also provides precise information on how many shares to purchase based on account size and maximum risk levels. It also allows you to customize your account size, risk tolerance, and stop risk levels.

The systems included with Teach Talk Trade include a Bollinger Band Oscillator, a MACD Oscillator, and a T3 Oscillator.

PowerStrike Options Trader:

Designed for Options traders and one of our most popular Add-ons is now built right into MetaStock. PowerStrike leverages support and resistance at strike price levels and uses pivots and volume to score buy and sells.

Sectorstat Experts:

With a top down approach to markets and sectors, The SectorStat Experts expand on the success of the Sec­torStat indicators that are included in MetaStock 13 and higher. The SectorStat Experts use the McClellan Os­cillator and the McClellan Oscillator of Volume to determine strength and weakness, and will trigger buy and sells only when there is an alignment between Volume and Price. The top 10 sectors in the US and 8 Global markets are covered. The old adage of buy strength and sell weakness is an important aspect of trading. The SectorStat Experts will guide you in knowing breadth of the market (Requires Stock and Indices Datalink or any XENITH subscription).

SectorStat now includes the following:

40 New Indicators

18 New Experts

19 New Templates

If you are an existing Metastock user, version 16DC address’s many of our customers concerns of versions 12,13 and 14 with the addition of offline mode and Local data in particular.

Please call our office on 03 9459 2317 for further details or email info@metastockaustralia.com.au