Product Reveiw MetaSwing by Dennis D. Peterson
MetaSwing is the newest plug-in offered by MetaStock. MetaSwing can also be used for TradeStation, but for the purposes of this review I used the MetaStock version. MetaSwing is a set of templates, indicators, explorations and system tests all built around volatility measurement. They are easily identified because their names all start with “Msw.” A companion book, Volatility-Based Technical Analysis by Kirk Northington, the creator of MetaSwing, is available at most online bookstores and gives you insight into how Northington analyzes and trades the market. MetaSwing is designed for trading stocks, forex, and commodities. Northington’s background is in project management and control systems; thus, the product has a technical underpinning.
Not only is MetaSwing a set of indicators, it is also a set of eight trading systems. Many of MetaSwing’s systems use the same indicators and best practices to confirm a trade setup. It is one thing to offer a set of indicators to traders and then wish them good luck, but it is quite another to offer trading systems. Trading systems need an explanation on how to use them. I have never seen such a wealth of information on how to use a product as I have with MetaSwing. Besides four webinars that cover how to use the product, there are 15 videos, a user manual, and access to some code through www.tradingtheinvisible.com. And that’s not even including the book! Not only that, Northington actually trades his own money using this system exclusively.