MetaStock alternatives

3 tools to consider instead of MetaStock, shown against it.

MetaStock AmiBroker Optuma MotiveWave
Vendor MetaStock (Innovative Market Analysis, LLC) AmiBroker.com Optuma Pty Ltd MotiveWave Software
Pricing model Subscription Subscription Quote only Free tier + paid plans
Free tier No No No Yes
Deployment Self-hosted Self-hosted Cloud, Self-hosted Self-hosted
Open source No No No No
Best for Swing and technical traders who want a desktop platform for building and backtesting custom indicator-based systems. Systematic traders who prefer a one-time desktop license over a recurring subscription. Professional technical analysts and wealth managers doing intermarket and cycle-based analysis. Technical traders who want dedicated Elliott Wave tools alongside standard charting and backtesting.
Pricing

Licensed by edition (D/C for end-of-day/swing trading, R/T for real-time); exact current prices could not be confirmed this session.

Pricing has not been verified yet — see the vendor's site.

One-time perpetual license by edition, including 24 months of free upgrades; separate upgrade pricing for existing owners.

Standard Edition $299
Professional Edition $379
Ultimate Pack Pro $499

Prices read from the vendor's own page on September 21, 2026. Vendors change prices; check the source before you budget.

Sold through a sales-led 'Request Access' process; exact tier pricing was not published on the pages read this session.

Pricing has not been verified yet — see the vendor's site.

Free Community Edition plus paid leased or perpetual licenses for full/Ultimate Edition; exact lease and license prices were not published on the pages read this session.

Pricing has not been verified yet — see the vendor's site.

Features
  • Custom formula language for indicators and trading systems
  • System backtesting and optimization
  • End-of-day and real-time chart editions
  • Xenith real-time and historical data service
  • Entry/exit signal generation
  • Large built-in indicator library
  • AFL formula language for indicators, scans and systems
  • Portfolio-level backtesting with position sizing
  • Walk-forward optimization
  • Real-time quote monitoring window
  • Third-party data feed connections
  • Exploration and scanning across large symbol universes
  • Point-and-figure charting
  • Cycles analysis
  • Relative Rotation Graphs (RRG)
  • Intermarket and cross-asset comparison tools
  • Custom indicator and screen scripting
  • Multiple external data feed connections
  • Automated and manual Elliott Wave analysis
  • Custom study and strategy scripting
  • Strategy backtesting
  • Broker integrations for live and simulated trading
  • Charting across equities, futures, forex and crypto
  • Volume profile and market-depth tools

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