MasterDATA User Forum Opened!

I am very proud to announce the new MasterDATA User Forum. The purpose of this new addition to our forum section is to provide current subscribers and those interested in exchanging ideas regarding composite / breadth data an efficient means to do so. Additionally, MetaStockCSV Plug-in users will have an area devoted specifically to them.  Certainly, I will monitor and respond as best I can, but perhaps more importantly, a forum often encourages users to help each other.  I believe this is where the true potential lies.  Ultimately, the sum becomes larger than the whole

This forum will also evolve into a full support platform for all questions and issues regarding MasterDATA’s products and services.  A subscriber or user will post the issue encountered on the forum.  We will go through the troubleshooting steps to address and remedy the problem right in the forum.  Openly displaying this process on the forum allows everyone to benefit from the experience.  This potentially can save a tremendous amount of time which can be redirected toward more positive endeavors.  Any issue is an important issue and will be fully addressed until resolved.  The difference will be that addressing a particular issue online may help another user resolve his own similar issue without the need of direct help from us.

Please visit and use both the new MasterDATA User Forum at and the recently added MasterDATA Forum at  I greatly appreciate your comments and questions.  You can now post them directly online in the new forums and I will respond as soon as possible.

MasterDATA Forum Initiated

There is a lot of work to do yet on our new forum. Many new features and much content will be added shortly. Certainly, this new section of our web site will ultimately look much different.

If you have comments or questions, please post them here. We monitor the posts closely and will respond as soon as possible, as thoughtfully and clearly as possible.

Eventually, this section of our web site will develop into a full fledged user forum along with blogs from MasterDATA as well as from many well known authorities from the composite / breadth analysis world. Our objective is to achieve a composite / breadth data analysis clearinghouse.

MetaStockCSV Plug-in Version 2.12 Released

MetaStockCSV Plug-in Version 2.12 is now available for download.  This new version addresses several issues that some users incurred in previous releases.  Please go to the MetaStockCSV Plug-in web site to download this new version.  After clicking on the “Install” button, please select “Run” not “Save” and initially install to the default directories.  You may change your configuration later if you wish.

MetaStockCSV Plug-in Version 2.11 Released

MetaStockCSV Plug-in Version 2.11 is now available for download.  This plug-in allows MetaStock to use your own .csv format datafiles (comma delimited text files) without import or conversion.  The standard version uses datafiles up to 100 columns.  With the newly available Expansion Pack, datafiles can now contain up to 150 columns of data.  Additionally (and being a MetaStock user that writes a lot of Custom Indicators, I think this is very important) every statistic has its own specific name.  In other words, instead converting your data into the 6 values contained in a MetaStock price file, you use the values in your .csv format datafile directly by a name that you assign to them.  In other words, instead of using the term “Close” in your formula, you use a meaningful name like “NewHighs”.

This new version is even more configurable and installation is fully automated.  MetaStock, itself, can be installed anywhere on your computer.  While there are many new features, the biggest addition is a new, very powerful plug-in formula.  While the original plug-in formula remains, this new formula allows users to call data based on up to three parameters, a specific symbol, the statistic desired and a specific data period.  Virtually any data from your datafiles can be used in any MetaStock function.  Among the many possibilities of this functionality is that MetaStock charts and/or functions can display and use any or all of four data periods (daily, weekly, monthly and quarterly), all at the same time.  That is a first.

For more information about the new MetaStockCSV Plug-in Version 2.11, go to its web site at  A “free” 10 column version is available for you to try out.

This release completes the revisions to the trilogy of products from MasterDATA, the MasterDATA Composite Plug-in, MasterDATACSV .csv format historical composite / breadth datafiles and the MetaStockCSV Plug-in.  The historical composite / breadth data we generate on the top 111 trade volume ETFs and 28 major stock indexes is the only source I am aware of for such data.   The plug-ins are the only way to use .csv format datafiles directly in MetaStock.

The biggest question from subscribers and site visitors has always been and remains, “What do we do with it?”  After five years of working on the foundation, its time to build our house.

We will now focus on the application of this one-of-a-kind data and plug-in.  Expect new sections on the web site presenting specifics on new and traditional composite / breadth indicators.  Studies will be presented exploring the potential meaning of various composite / breadth conditions.  Certainly, we will develop and discuss the results of our own work, but hopefully will provoke your own unique insights and application of this very powerful data in your own trading.  Examples will include both applications using the plug-in within MetaStock and traditional formulas outside of MetaStock (i.e. Excel, etc.).  Bottom line?  Trading signals are coming soon.

To review our progress from the beginnings (almost), visit our “Milestones” page by clicking here.

Coming Soon 

A forum will be initiated as soon as we make a final decision regarding a best location and how to structure it to best support the users of our composite / breadth data and plug-ins.  Those of you familiar with forums, know the value.  An answer to a question or problem benefits not just one, but everyone.  Group collaboration often provokes new ideas.  If you have any thoughts on this subject, I would appreciate hearing about them.

Additionally, we will gradually “syndicate” much of our web site content using RSS (“Really Simple Syndication”).  Subscribers will simply select the information they wish to retrieve from the web site and it will be ready and waiting for them on their own readers when they are ready to utilize it.  If you are not familiar with RSS, you may have seen the image on various web sites.  In addition to the standard application of the RSS mechanism, we have some very unique ideas on some very specialized features as implementation gets going.  I will keep you informed of our progress.

Composite / breadth data is the basis for many powerful trading tools.  It is my job to provide it to you in such a way that nothing gets in the way of your using it.   Comments, criticisms and suggestions are always appreciated.  I thank you for your past support and hope you continue with us.  In any event, good trading.


L.P. Carhartt

MasterDATA.comThe Only Source for Index & ETF Composite Reports & Charts –
MasterDATACSV.comUp to date, historical composite / breadth datafiles in .csv format on 28 major stock indexes and 111 top trade volume ETFs
MasterDATACompositePlugin.comAutomatically use our composite / breadth data in MetaStock
MetaStockCSV.comUse your own .csv format datafiles in MetaStock without import or conversion



MetaStockCSV Version 2.11 Released

Version 2.11 of the MetaStockCSV Plug-in is released.  This new version makes using your own .csv format datafiles directly in MetaStock easier and more reliable than ever.  Installation has been greatly simplified.  In addition to the original plug-in formula which calls data from your datafiles as determined by the MetaStock function “base” symbol, a new formula format is now available.  The new formula allows users to specify the symbol, the statistic, and the specific data period desired.  The very powerful new formula can even display multiple data periods all in the same chart.  Datafiles may also contain up to 150 columns of data with the new MetaStockCSV Plug-in Expansion Pack..

For further information or to download the new version visit the web site at  Existing MetaStockCSV Plug-in users may upgrade their software.  An updated “free” version is also available.

MasterDATA’s Index / ETF Compilation List Revised To Reflect Top 111 Trade Volume ETFs

Our Index / ETF Compilation List is adjusted to, once again, reflect the top 111 trade volume ETFs.  Subject to our inclusion criteria, this list is revised monthly to continually contain the most highly traded, liquid US listed Exchange Traded Funds.

Last month, we adopted a revised policy regarding new additions / deletions to our compilation list.  ETFs falling out of the top 111 top trade volume ETFs for two consecutive months will be deleted.  This means that an ETF on MasterDATA’s Compilation List will remain on the list for a minimum of two months.  This also means that our compilation list will number in excess of 111 ETFs on a continual basis.

New ETF Additions

These new additions ranked in the top 111 trade volume ETFs for the month of January, 2008.

iShares DJ Regional Banks Index Fund (IAT)
iShares Goldman Sachs Natural Resources Index Fund (IGE)
ProShares Short Russell2000 (RWM)
Objective:  to achieve inverse performance of the Russell 2000 Index ($RUT)
SPDR S & P Semiconductor (XSD)

Potential Cut List

The ETFs listed below previously ranked in the top 111 trade volume ETFs.  Two consecutive months out of a top 111 ranking will result in the ETF being deleted from MasterDATA’s Compilation List.  Charts, reports and datafiles continue to be generated for these ETFs.

iShares Goldman Sachs Semiconductor Index Fund (IGW)
iShares Goldman Sachs Technology Index Fund (IGM)
iShares Russell 3000 Growth Index Fund (IWZ)
PowerShares High Yield Equity Dividend Achievers Portfolio (PEY)
PowerShares Value Line Timeliness Select Portfolio (PIV)
SPDR Biotech (XBI)

Deleted ETFs

The deleted ETFs below experienced trade volume less than the top 111 ETFs for two consecutive months.

First Trust ISE Chindia (FNI)
First Trust Value Line Dividend Fund (FVD)
HOLDRS Telecom (TTH)
iShares DJ Oil & Gas Exploration & Production Index Fund (IEO)
iShares Goldman Sachs Networking Index Fund (IGN)
PowerShares Dynamic Large Cap Value Portfolio (PWV)
PowerShares Dynamic Semiconductors Portfolio (PSI)