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Why Use Stock Metadata for Day Trading - Top 10 Reasons – #1 of 10

by Stan Pokutylowicz on Mar 10, 2010


Reason 1 for using stock metadata is having the capability of getting accurate statistics about each 15-minute time period that shares trade at the highest and lowest price points of the day.

Metadata is data about data. For example, say you gather information about cars parked at a shopping center. One of the pieces of data recorded would be the colors of the cars there. After gathering this information for a period of time, you decide to report your findings.

The list of metadata reported could include items like the average count per day of the different colors for the cars parked there.

Metadata gives meaning to all those bars and lines appearing in stock charts. This is information that has been processed to illustrate accurate depictions of both detailed-level or summary-level statistical data over a defined period of time.

Historically and statistically speaking, for stocks, one of the things that metadata would...Read More >>



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