Metastock data errors

Metastock data erros could cost you thousands of dollars

Metastock data errors are quite common and unfortunately most people who subscribe to cheap or free metastock data don't actually realise the information they are getting is inaccurate.

The number 1 investment you can make is to ensure the metastock data you get is accurate, clean and adjusted. The alternative is going to cost you much more than you could imagine.

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As mentioned on the Metastock data page, here a selection of what a Metastock data provider needs to keep on top of:

Delistings
Splits
Consolidations
Dilutions
Merges
Code changes
Name changes
Deferred settlement history merges
Capital returns

Take a stock split for example - something very basic

Let’s say you have a $40 stock that offers a 1 for 4 stock split which means your $40 stock is now worth $10 but you get 4 times as many. So the net difference to you is zero. Your total position in dollars is exactly the same.

But with inaccurate data that would be represented on your charting software as having jumped in price from $40 to $10 and there would be a massive price skew. Considering all indicators are mathematical formula’s based on price and/or volume, what effect do you think that would have when viewing the chart?

Something like this:

Metastock data

In the chart above you will notice the price has gapped from around $60 to $6. In reality FMG just had a 1 for 10 stock split.

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