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I have MS and use eSignal for my data. eS provides a
software interface that I feel is superior to MS plus
it is FREE with your subscription.
I write most of my indicators. The problem with MS
Formula Language is that you cannot initialize
variables and there is only one element (the IF
statement) that controls program execution. Many of
the more sophisticated algorithms require these
important features.
eS uses modified JavaScript. You can easily purchase
a book on how to program JS and see the wealth of
programming constructs available to you.
The only major drawback to eS / JS is that it doesn't
have the ability to scan a list of stocks to look for
some type of indicator trigger. This capability is
available, but is more $$$$.
ReefBreak
--- sainvest04 <sainvest04@xxxxxxxxxxxx> wrote:
> I am trying to make an assessment of whether I
> should buy Metastock
> Professional which uses tick by tick data.
>
> I have been using technical analysis now for some 15
> years and in my
> previous life as a Portfolio Manager combined
> fundamental and
> technical analysis to position trade for my clients.
> Using
> the 'IRESS' product available to Australian brokers
> I have been
> accustomed to intra-day charts and find them to be
> essential in
> opening or closing short term trades.
>
> Having resigned my job to trade the Australian
> Options Market full
> time I believe it is essential to get a package that
> will give me
> accurate and flexible charting tools for real time
> data. This would
> not be needed if I were simply to trade shares.
>
> I have been talking to Paritech in Melbourne,
> suppliers of this
> product and they will not supply me with the name of
> like minded
> people who use this version nor can they direct me
> to a location
> where I can get to view their product in action. I
> live in South
> Australia.
>
> I would be extremely grateful if there is anyone in
> this group who
> can provide me with some feedback as a user of
> Metastock Professional.
>
> Regards
>
> Occy
>
>
>
>
>
>
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