|
PureBytes Links
Trading Reference Links
|
John,
if a user installs the full Investor's Reference Library on his drive, a
third party vendor should be able maintain this database with little or no
manual changes to stock splits or ticker changes. Because the IRL uses the
older 256 files/directory format, the smaller data vendors should be able to
write a small update program to automatically change MetaStock files for
stock splits and ticker name changes. Since many data vendors are already
writing their own mini-technical analysis programs, they should be able to do
this one simple task. I am not asking for a lot here and this would not a
complicated program.
Daniel.
In a message dated 97-07-02 14:53:50 EDT, John Manasco writes:
<< Dan
Regarding stock splits: Metastock has no way of knowing about a stock
split the Downloader doesn't see so if you're not using the Downloader
to directly collect prices you're going to have to do the adjustments
yourself. The information on adjustments is sent by the data provider to
the Downloader.
Maintaining a second database and the inconvenience of doing manual
adjustments seem to be the price you pay for not using one of the built
in data providers. I use Telescan and get equities, indices, and mutual
funds for $29.95 per month. Plus I only have one database to maintain
and the stocks adjustments are done automatically. Do you really think
the savings are worth it? Maybe so.
John
DanMartinz@xxxxxxx wrote:
>
> I will be buying the Investor's Reference Library CD-ROM stock price
database
> which uses the old 256 files per directory format. It has 5 years of
data.
> The new MetaStock v6 directory format is not an issue here.
>
> I have MetaStock v6. Every single information provider on the Net makes
you
> maintain their database IN ADDITION TO METASTOCK'S. I have a 1.6 GB drive
> with Microsoft's DriveSpace 3 compression software. I thought I had
plenty
> of room. Now I find I will barely be able to squeeze all the data I want
> because of this duplication. I don't need a second database! The CD-ROM
I
> get with MetaStock has 5 years of data. I can get others with even more.
> Why would I need a second and smaller 2 mos database maintained daily?
>
> Also, many stock price info providers make you MANUALLY go in and change
> stock splits and ticker name changes. If I maintained all US stocks, I
would
> have to change 15 per day! Instead of wasting time and effort creating a
> technical analysis program, stock price info providers should concentrate
on
> information and conversion to other technical analysis program databases
> only. You can now get a cheap TA program for $50. These TA programs are
> Windows 95 based and always better than the programs supplied by info
> providers. They specialize in this field. The only way I can have
> everything done automatically is if I use MetaStock's Reuters service.
They
> want $35/month. There is no way I am going to pay $35/month for just US
> Stocks end-of-day!
>
> Why is this so complicated???!!
>>
|