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Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions.

TradeStation - Wikipedia

TradeStation is best known for the analysis software and electronic trading platform it provides to the active trader and certain institutional trader markets that enable.

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Forex is a little different as there is no central exchange.Charting. The vast majority of day traders will chart prices in some kind of charting software. Many charting.

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Its developer, MetaQuotes Software, had previously released a number of versions of the MetaTrader platform starting in 2002. MetaTrader 4 was a significantly enhanced.

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FXCM Launches Forex Freestyle App Challenge Software development competition offers over $50,000 in cash prizes for the best forex trading apps NEW YORK--(BUSINESS.

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Signals supplied by trading software located on the trader's computer, also known as a forex robot or EA (Expert Advisor) Typical features offered by Forex signal service.

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A stock market simulator is a program or application that attempts to reproduce or duplicate some or all features of a live stock market on a computer so that a player.

Algorithmic trading - Wikipedia

Algorithmic trading is a method of executing a large order . (CFTC) formed a special working group that included academics and industry experts to advise the CFTC on.

Top 10 Best Online Stock Market Trading Software Review 2018

Welcome to the most detailed Stock Trading Software Review on the planet, we compare over 800 different features & functions of the best market analysis products available including MetaStock vs TradingView vs TC2000 vs TradeStation vs eSignal & EquityFeed.

Why? So you can choose the very best package available to suit your investing style and budget. Not only will you find out which software best suits your trading style, but you will also be able to compare head to head all of the benefits, features, and prices.

The 2018 Online Stock Trading Software Review

To get an advantage in the stock market you need a solid education, experience, patience and also the best tools.

In 2018, we reviewed over 30 vendor products, and ultimately this filters down to 10 now 13 highly rated software offerings from industry giants to new entrants.

It has been a great year in terms of innovation and we see some hot new entrants to the top 13 including TradingView & EquityFeed, jostling for position amongst our established giants like Worden TC2000, MetaStock & Tradestation. Also in September 2018, we added the hot new innovative charting software TrendSpider.

And there are some surprises waiting…

7 Tough Rounds of Reviews & Comparisons

Click the round to jump to the section

  • Round 1: Best Stock Software for Price, Quality & Customer Service
  • Round 2: Best Stock Trading Software – Broker Integration, Live Trading From Charts & Position Management
  • Round 3: Best Stock Screener Integration – Fundamental & Technical Screening Integration
  • Round 4: Best Programs with Stock Market News Services & Social Integration
  • Round 5: Best Stock Technical Analysis Software – Stock Market Charts, Indicators & Drawing Tools
  • Round 6: Best Applications for Stock Systems, Backtesting & Robotic Algorithmic Trading
  • Round 7: The Best Stock Market Apps for Ease of Use, Intuitive, Simple Installation & overall user experience
  • Final Bell: The Best Stock Charting Trading Software Summary.

The Type of Trader / Investor You Are Defines Which Software is Best For You

(Click your investing style below to jump to the Product Best Meeting Your Needs)

  • Mid to Long-Term Investors U.S: & Canada: Best Stock Trading Software – U.S.A. & Canada Investors, looking for a great price, and world-class fundamental and technical screening
  • Short to Long-Term Investors:Best Software for Short-Term & Long-Term Traders who value price, insanely good Fundamental & Technical Analysis with stunning social integration and including cryptocurrency and futures trading.
  • Day Traders & Investors: Those who need the best real-time news, access to a huge stock systems marketplace and powerful technical analysis with global data coverage all backed up with excellent customer services.
  • Day Traders & Swing Traders: Wanting a super simple and slick workflow, real-time streaming charts & news and unique Level II data, Dollar Volume Information & excellent broker integration for trading from charts
  • Money Market Traders: FX, Bonds, and Cryptocurrency Traders – See also Top 12 CFD & FX Brokers Review
  • Quants & Scalpers using Automation: Best Analysis Software for Backtesting, Robotic Trading & Scalping
  • Professional Technical Analysts & Institutional Traders: Best Trading Software for PRO’s wanting exceptional statistical analysis & backtesting with First Class workflow and Customer Support including Bloomberg integration
  • Traders looking for Innovation in Technical Chart Analysis: Trend Line Automation, Multi Time-Frame Analysis – Advanced Machine Learning

Round 1: Best Stock Software for Price, Quality & Customer Service

Best Stock Software for Price, Quality & Customer Service

This round was extremely competitive with 4 vendors leading the pack, but not by a wide margin.

1. TradingView – Score 10/10

TradingView offers 4 packages, starting at Free for a limited version of the toolset and moving to extremely competitively priced packages like Pro for $9.95, Pro+ for $19.95 and Premium for $39.95 per month.

I would recommend the Pro subscription as it enables nearly everything you would need. If you want the intraday spread charts & custom chats opt for Pro+. In any case, try it out completely Free and play around with it to see if you like it.

TradingView runs on PC, Mac, Tablets and Smartphones and requires Zero Installation, it simply works.

The Market data is huge, covering nearly all Stock Markets and it includes Stock, ETF’s Futures, Foreign Exchange & Bonds, all at no extra price, which means outstanding value for money combined with excellent support options.

2. MetaStock – Score 10/10

MetaStock starts at a very reasonable $22 per month which unlocks the entire package, and as you will see that is a great package, including Reuters real-time news feeds and award-winning technical analysis and expert advisors for system backtesting and analysis.

It is designed only for the PC, but can be run on Mac with PC emulation software. You will need to download and install MetaStock and configure your specific data feeds for the markets you want to trade. So the software installation is not as slick and quick as competitors but the package is extremely powerful.

MetaStock has a clean sweep in terms of Stock Exchanges covered (e.g. All of them) and it covers ALL of the vehicles, stock, ETF’s Mutual Funds, Options, Futures Forex, and Bonds.

3. TC2000 – Score 10/10

Worden Brothers continue their winning ways, which very competitive pricing starting at only $10 for the silver package. I would recommend gold to start with as you get a more powerful alerts engine and unlock the huge power of the Technical & Fundamental Scanning and Filtering that TC2000 is famous for.

TC2000 is aimed squarely at those trading Stocks, ETF’s, Mutual Funds and Options, specifically on the U.S.A and Canadian Markets.

The software is first class, runs on PC, Mac and Tablets SmartPhones, and requires Zero complex configuration. Support is excellent both on the forums or via the phone where you get to speak immediately with skilled personnel in the U.S.

If you have not selected a Discount Stock Broker, you should look at TC2000 as an option, they have their own brokerage with extremely competitive rates which also means you get full integration so you can trade Stocks & Options directly from your charts, a huge bonus.

4. TrendSpider – Score 10/10

Pricing starts at Free to try, but the real power comes in with PRO Trader Plan which starts at $24.75 per month. This includes Real-Time Data, NASDAQ, NYSE & Amex Stocks, ETF’s and surprisingly Cryptocurrencies. In this package, you also get unlimited lookups, trend detection, and 10 Dynamic Price Alerts + a free 30 minute personal one on one training session.

The Elite Trade Plan is $37.25 per month, has everything the PRO plan has and in addition includes after-hours and pre-market data, OTC, Forex and Futures data. On top of that, you get 20 Dynamic Alerts.

Considering you get real-time data the pricing is very competitive, in fact considerably lower than other charting software vendors.

5. Optuma – Score 10/10

Optuma is a super slick technical analysis platform, designed for professional technical analysts in the Financial Industry. However, is also priced to appeal to individual investors and traders. Starting at a very reasonable $82 per month for “Optuma Trader”, you will get end of day data from 5 country groups, which is more than enough. Stepping up to “Optuma Enterprise” at $207 per month adds lots of unique features like Market Intelligence Charts, Full Relative Rotation Graphs (RRG), 3D Charts, Regression Charts and importantly Quantitative Signal Testing.

Round 2: Best Stock Trading Software for Broker Integration, Live Trading From Charts & Position Management

Best Stock Trading Software for Broker Integration, Live Trading From Charts & Position Management

There are 4 clear winners in this section, those that offer direct integration from charts to trade execution, the 4 winners have been selected because of the unique features they offer.

1. TC2000 – Score 10/10

Worden Brothers make a clean sweep when it comes to trade management, with full Broker Integration, as long as you choose TC2000 Brokerage as your broker. The TC2000 brokerage offers great executions and low trading costs at $4.95 per trade.

TC2000 also offers fantastic options trading and integration, you can scan and filter on hundreds of Options Strategies and then execute and follow them directly from the charts.

Good Profit & Loss tracking & Analysis round off the package.

2. EquityFeed – Score 10/10

EquityFeed has introduced the “Chart Montage” functionality, which enables an ultrapowerful way of trading off the charts.

This single window contains a wealth of critical trading information, including real-time streaming news, level 2 data, including time and sales. Also, Equity Feed is the only software to offer the Dollar Volume data.

The EquityFeed Team have a fantastic set of integrations to your broker to enable this, which includes RealTick, Sterling Trader, LightSpeed and most importantly TD Ameritrade and Interactive Brokers two of the powerhouses of the brokerage world. So, the chances are you are already covered by your broker of choice.

3. TradingView – Score 10/10

As soon as you log in to TradingView and use an interactive chart you can see the Buy and Sell buttons hovering over the chart. You will need to login to your broker and set up the integrations.

So what is unique here?

They offer 13 integrations to Futures Brokers via CQG. They also integrate with Merril, Modalmais, and Alor for Stock Trading. Also included is forex integration with OANDA, Forex.com and Direct FX. The even uniquely has an integration to Poloniex form Crypto Trading. An excellent and growing set of integrations.

4. Optuma – Score 10/10

With Optuma connected to your Interactive Brokers account you will get all the functionality you need to Trade off charts and the advanced portfolio tracking and measurement. You will need to open an Interactive Brokers account, but why not as interactive brokers are widely considered to be on of the best and lowest cost stock brokers out there.

5. NinjaTrader – Score 10/10

NinjaTrader has a huge user community who contribute to the development and improving the software. This leads to a solution that can integrate with TD Ameritrade, Interactive Brokers, and other FX brokers.

If you choose NinjaTrader as your broker, you will get the basic edition for free and the advantages of trading from charts and automated trade execution.

Round 3: Best Stock Screener Integration – Fundamental & Technical Screening Integration

Best Stock Screener Integration – Fundamental & Technical Screening Integration

This round produced 4 winners with the best stock screener integration all tied with 10 out of 10 points. In fact, 7 of the 10 have very good stock screener fundamentals integration.

1. TradingView – Score 10/10

TradingView has a very slick system and they have put a huge amount of thought into how Fundamentals Integrate into the analytics system.

Watchlists have fundamentals broken into Performance, Valuation, Dividends, Margin, Income Statement and Balance Sheet. You can set the watchlist and filters to refresh every minute if you wish.

What makes TradingView stand out is the huge selection of economic indicators you can map and compare on a chart. For example, you can compare the Civilian Unemployment Rate versus the growth in Company Profits for the U.S.A. This is incredibly powerful.

2. MetaStock – Score 10/10

MetaStock is owned by Thomson Reuters, who are without a doubt the biggest and best provider of real-time news and market analysis.

They also have an incredible database of global fundamental data, not just on companies but economies and industries. The filtering & scanning possibilities are endless. I would like to see better integration within the MetaStock suite, bringing together the fundamentals and the technical analysis to enable better charting on fundamentals. However, the wealth of data is first class.

3. Optuma – Score 10/10

Optuma is squarely aimed, as you can see from the price, at professional traders and wealth managers. Their clients are tier 1 Wall Street Investment houses. But you can still take advantage of their first class solution. If you have a Bloomberg feed already established this also offers a new world of data and fundamental analytics. This slick integration of fundamentals into the charting and analysis means this is a significant improvement over a Bloomberg terminal and warrants is as a Round 3 Winner.

4. TC2000 – Score 10/10

I selected TC2000 as my tool of choice back in the year 2000 because it offered back then, simply the best implementation of fundamental scanning, filtering and sorting available on the market. 17 years later, they are still a leader in this section.

They offer a huge selection of fundamentals to choose from, but what makes it unique is the fact you can, with a few clicks, create your own indicators based on the fundamentals. You can then overlay the indicators directly on the charts, which opens up a whole new world and technical and fundamental analysis. 10 out of 10 for TC2000 again.

Round 4: Best Programs with Stock Market News Services & Social Integration

Best Programs with Stock Market News Services & Social Integration – Results

In the news and social section, there are only 2 winners, both for different reasons. Read on to learn more

1. TradingView – Score 10/10

TradingView is built with social at the forefront. Fully integrated chat systems, chat forums and an excellent way to share your drawings and analysis with a single click to any group or forum.

This makes for an excellent way to generate ideas or learn from other traders. You have to try it and see it in action to understand the power of the implementation.

They have also thoughtfully integrated a Kiplinger newsfeed, Stocktwits, and various FX newsfeeds. With a social first development methodology, combined with powerful economy statistics and a solid newsfeed it is a great package.

2. MetaStock – Score 10/10

Thomson Reuters the king of the real-time newsfeed and global market data coverage is the owner of MetaStock, so you get the entire wealth of knowledge included in the package. This should not be underestimated.

MetaStock however, does not have any social elements, which under normal circumstances, would detract from the score, however, because the news feeds are so strong it warranted still a 10 out of 10.

3. EquityFeed – Score 9/10

In second place and definitely worth mentioning this year is the deal news section in EquityFeed.

I really like the simple implementation, you can get the low down on contracts and deals struck between companies. This can give you an edge if you can quantify the impact of the deal on the companies bottom line.

EquityFeed also has a strong focus on news, but it is let down by having no social integration.

Round 5: Best Stock Technical Analysis Software

Best Technical Analysis Software – Stock Market Charts, Indicators & Drawing Tools

The technical analysis section is always extremely hard fought and this year the competition was fierce. We have 4 winners with 10 out of 10, but another 3 with 9 out of 10. This means whichever package you choose you will be well covered which any of the first 7 on the list.

Let’s take a look at the winners.

1. MetaStock – Score 10/10

MetaStock takes a clean sweep when it comes to Charting covering all the core chart types, but also includes, Point & Figure, Equivolume, and Market Profile charts.

When it comes to indicators, MetaStock has 300+ different types, including Darvas Box and Ichimoku Cloud. MetaStock will also help you develop you won indicators based on their coding system.

Finally, MetaStock racks up a perfect score on the drawing tools section, which includes Gann and Fibonacci tools.

2. TradingView – Score 10/10

TradingView have over 160 different indicators, covering everything you could possibly need, unless you need the Volume at Price Indicator.

On the downside compared to its competition, it is a little weak on drawing tools, offering only Trend Lines, Pitchfork and XABCD Pattern.

So why does it score so highly and rank as a winner in this section?

I was incredibly impressed with the offering of Kagi, Heikin Ashi and Renko Charts including Point & Figure and Line Break. Also, the user community has developed indicators as exotic as Moon Phase (see the final bell review below for more details).

With this selection of charts, you have everything you will need as an advanced trader. Plus, with the Premium membership, you also get Level II insight, fully integrated. Well done TradingView.

3. TC2000 – Score 10/10

Telechart has an excellent array of technical indicators and excellent drawing tools, all the big ones are there, from OBV, RSI and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork, they have also added Heiken Ashi Charts.

With over 70 different indicators you will have plenty to play with. They have also introduced live alerts which you can configure to email or pop up if an indicator or trend line is breached. Very useful indeed.

4. TrendSpider – Score 10/10

In its first review, TrendSpider has come straight into 4th position in this hotly contested space. It does not have the most chart drawing tools or the most indicators or even stock chart types. But what it does have, has forced us to create a new category of Advanced Features for Technical Analysis. TrendSpider is doing something completely different. Firstly, they have automated trendline detection and plotting. Secondly, they have automated multi time-frame analysis, which means being able to view multiple time-frame charts on a single chart. Thirdly they have advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.

This has three huge benefits:

  1. It saves experienced and professional analysts a lot of time.
  2. It uses mathematics to help traders spot trends they would have missed.
  3. It helps beginners to learn how to draw trend lines.

5. Optuma – Score 10/10

Another perfect 10 for Optuma. A fantastic array (400+) of technical indicators and drawing tools. Specializing in Gann tools with a full suite including Gann Grid Lines, Gann Fans, and Gann Swing.

Also included are Elliott Wave and Darvas Box, the full set of exotic indicators are present.

To top it off they have also implemented an excellent astrological analysis suite as an upgrade for those of you who believe in that sort of thing, yes commodity traders I am talking about you :).

Round 6: Best Applications for Stock Systems, Backtesting & Robotic Algorithmic Trading

Best Applications for Stock Systems, Backtesting & Robotic Algorithmic Trading – Results

There is a big contrast between the competition in this round, with 1 clear winner, QuantShare. The difference in ratings is largely down to whether you need Robotic Trade Automation and Execution.

However, TradeStation does have robotic automation possibilities and is worthy of consideration. Also notable, although not a clear winner in NinjaTrader who also specialize in automation.

1. QuantShare – Score 10/10

QuantShare specializes, as the name suggests, in allowing Quantitative Analysts the ability to Share stock systems.

This means they have a huge systems marketplace with a lot of accessible content that you can test and use.

If you have a programmatic mind you can implement and test an endless list of possibilities. They do also offer Point & Click implementation of systems also. What is great is they also have Artificial Intelligence integrations via the AI Optimizer, which allows for the system to combine different rules to see which rules work best together. They also have powerful prediction models using Neural Networks.

This is seriously advanced software for those with the inclination to test, forecast, predict and automate.

2. MetaStock – Score 9/10

Another area where MetaStock excels is what they call the expert advisors.

MetaStock harnesses a huge amount of inbuilt systems that will help you as a beginner or intermediate trader understand and profit from technical analysis patterns and well-researched systems. You can even use artificial intelligence like functionality to test a set of variables within your backtesting. You could for example test if price moves above the moving average 10,11,12,14,16,18 or 20, in a single test to see which of the moving averages best work with that stock. We have a great video on this in the MetaStock detailed Review.

This is really a key area of advantage. Also, the newest and most innovative addition to the MetaStock arsenal is the forecasting functionality which sets it apart from the crowd. Being able to forecast forward is unique and you can set and test the parameters of the forecasting.

3. Optuma – Score 9/10

Optuma is also featured in this section as a leader in the Stock Systems & Backtesting arena.

Optuma has a well-implemented backtesting and system analysis toolset. Best in class up there with MetaStock, QuantShare, and NijaTrader as the industry leaders, but unlike the others, you do not need a Ph.D. in mathematics to setup and test your system.

The quality of the backtesting and advanced statistical analysis is due to the fact the CEO Mathew Verdouw and many of the development team are certified Chartered Market Technicians (CMT) and Certified Financial Technicians (CFTe) like myself. So the quality of the testing tools is first class.
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Round 7: Best Stock Market Programs for – Ease of Use & User Experience

Round 7: The Best Online Stock Trading Software for Ease of Use

There are big differences in the ease of use and user experience between the different Analysis Software Packages. While we have 2 clear winners in this section, I need to mention that TradeStation, EquityFeed, and Optuma are all excellent in this area. Optuma only scores lower because you will need a very powerful machine to run it well, so you need to invest in extra hardware.

1. TC2000 – Score 20/20

TC2000 is easy to use and yet very powerful. The interface design strikes the right balance between looking great and being instantly useful.

A heavy focus on watchlist management, flagging stocks, making notes and powerful scanning make is easy to use and master. Software setup is completed in a few minutes, but it also runs perfectly across devices.

Full marks for TC2000.

2. TradingView – 20/20

TradingView is running with a single click. Click on the TradingView logo on the left and it will be instantly running. It does not get easier than that.

Even better is the fact it is already configured for use. All controls are intuitive and the charts look amazing. It is quite a feat that it is so easy to use considering TradingView has so many data feeds and backend power.

3. TrendSpider – Score 10/10

Trendspider is an HTML5 application, which means it works on any connected device, requires zero installation, zero data stream or data download configuration. This appeals to me a lot because with a single click you are up and running. Also, considering the complexity of the automatic calculations the application runs swiftly taking just a few seconds to complete an entire analysis.

4. EquityFeed – 18/20

Finally, the last winner in this section is EquityFeed. After installation, this software is so intuitive to use you will waste no time getting stuck into research and wielding the excellent news service they offer. This has been a big improvement over the last few years.

Final Bell: And the Stock Analysis Charting Winners Are…

As stated previously, no two products are identical, there are many strengths that are designed for each product to suit specific needs. As such, most of the packages can be recommended to a specific audience based on their strengths. In the following summary reviews, we look at the benefits of each package.

The Best Stock Analysis Software – Overall

  1. TradingView – a great price, insanely good Fundamental & Technical Analysis with stunning social integration and the best ease of use.
  2. TC2000 – best for U.S.A. & Canada Investors who need powerful real-time screening and excellent trading from charts
  3. MetaStockfor day traders, excellent real-time news, a huge stock systems market and powerful technical analysis with global data coverage
  4. Optumaprofessional traders, improves on Bloomberg and has the best Gann Analysis and Technical Analysis on the market.
  5. EquityFeed – for Day Traders, real-time streaming charts & news and unique Level II data, Dollar Volume & excellent broker integration
  6. QuantShare – for Quantitative Analysts, powerful automated systems, a huge selection of user-generated systems.

This list is the software with the most powerful technical chart analysis, indicators, charts and studies.

The Best Stock Trading Software – Broker Integration

  1. TC2000 – trade live off the charts with TC2000 Brokerage – Low Commissions
  2. EquityFeed – live trading integration with TD Ameritrade & Interactive Brokers
  3. Optuma – powerful technical analysis & Interactive Brokers integration
  4. TradingView – integration with CQG, Oanda, Forex.com and Poloniex.

With these Stock Trading Programs, you can trade directly from the charts with broker integration

The Best Stock Trading Software Platforms for Beginners

  • TradingView – so easy to use and with an intuitive design, TradingView is absolutely ideal for beginners & has a strong social community
  • TC2000 – best for beginner traders in the U.S.A. & Canada with excellent trading from charts and easy to use design
  • MetaStockfor beginner day traders who want a powerful system, excellent real-time news, powerful technical analysis with global data coverage

The Best Stock Software for Day Traders

  • TradingView – a great price, insanely good Fundamental & Technical Analysis with stunning social integration and the best ease of use. Its the best day trading software if you use an integrated broker.
  • TC2000 – best day trading software for U.S.A. & Canada investors who need powerful real-time screening and excellent trading from charts
  • MetaStockfor day traders, excellent real-time news, a huge stock systems market and powerful technical analysis with global data coverage.

The Best Stock Analysis Sofware Programs – Detailed Reviews

1. TradingView

Recommended for Short-Term & Long-Term Investors who value a great price, insanely good Fundamental & Technical Analysis with stunning social integration and the best ease of use.

There is no doubt about it, TradingView has stormed into the Review Winners section in its first try. I spent 2 days playing with this software, and it is seriously making me think about leaving my beloved wife TC2000. It is a close run competition and I am genuinely shocked at how good it is.

Pricing & Software – 10/10 – You can have TradingView for free, it is a review winner for our Best Free Charting Software Review. However, there are limitations. I would recommend going for the PRO+ at $20 per month or the Premium at $40 per month, the benefits are extensive including Priority Customer Support and unlimited everything.

Also, a huge benefit is that the Data Speed and Coverage are mind-blowing, covering literally every stock market on the planet and not just stocks but ETF’s, Mutual Funds, Futures, FOREX, Bonds & CryptoCurrencies AT NO EXTRA COST.

Trade Management Score – 8/10 – with TradingView you get full broker integration, you can place trades on charts and it will take care of Profit & Loss reporting and analysis for you. the only thing it does not cover is Stock Options Trading.

Fundamental Scanning & Screening – 10/10 – Another perfect 10 for TradingView as they hit the mark on Real-time scanning and filtering, and fundamental watchlists also. The list of fundamentals you can scan & filter on is truly huge. Any idea you have based on fundamentals will be covered. They even have insane amounts of economic data like Federal Funds Rates and World Economic Growth, thanks to a connection to the QUANDL database.

Moving Averages Ribbon – Beautifully Implemented In TradingView

News & Social Community Score – 9/10 – as soon as you connect to TradingView you realize this is also developed for the community. You can look at community ideas, post your charts and ideas and join limitless numbers of groups covering everything from Bonds to Cryptocurrencies.

The news feeds are fully integrated, including Kiplinger, DailyFX, Futures Magazine, FXStreet, and StockTwits. Add that to the social network and you have a great solution. The news service is only second to MetaStock with their Reuters Feeds.

Technical Analysis Score – 10/10 – with over 160 different indicators, and unique specialty charts such as LineBreak, Kagi, Heikin Ashi, Point & Figure and Renko, you have everything you will need as an advanced trader. With the Premium membership, you also get Level II insight, fully integrated.

TradingView – Insanely Beautiful Charts, with a massive selection of indicators. This Chart Feature Moon phase and Darvas Boxes

Did I mention the charts are fast and beautiful?

Systems, BackTesting & Automated Trading Score – 7/10 – Good but not perfect. TradingView has an active community of people developing and selling stock analysis systems and you can create and sell your own. Also, there are a huge number of indicators and systems from the community for free.

The only things you cannot do is forecast and implement Robotic Trading Automation. For that, you would be better off with NinjaTrader, QuantShare or TradeStation.

Usability Points – 20/20 – within 5 minutes I was using TradingView, no credit card, no installation, no configuring data feeds, it was literally just there.

Watch this video overview of the benefits of TradingView

2. Telechart 2000

Recommended for Long-Term Investors in the U.S.A. & Canada with a fundamental bias who need powerful screening and excellent charts on all platforms.

Telechart has long been one of my favorite tools, I have been a subscriber for over 17 years and find the latest release v17.x to be a huge step forward. Endlessly customizable and scalable the platform offers nearly everything an investor may need.

Pricing and Software 10/10 – Telechart is a big hitter when it comes to software and pricing. Telechart runs on everything – your iPhone your Tablet, your Mac, and your PC. It is priced very reasonably with a simple pricing structure.

If you trade U.S. Stocks, ETF’s or Mutual Funds, then this is a great solution. Worden also provides regular live training seminars which are of a very high quality.

Trade Management 9/10 – Worden recently released TC2000Brokerage offering discount brokerage services $4.95 per trade. This integration means a tight integration for trading stocks from the screen but also one of the best implementations of Stock Options trading available.

Fundamental Scanning and Screening 10/10 – Make no mistake about it, if you want fundamentals screened in real-time layered with technical screens all integrated into live watch lists connected to your charts Telechart is a power player.

News 8/10 – While Telechart does not have a perceivable Real-Time news element, it does have integrated news with connections to Google Finance, CNN, Yahoo Finance, MSN Money, Marketwatch and StockTwits. If you want social community and integrated news, you will need to roll back to TC2000 v12.5.

Technical Analysis 9/10 – Telechart has an excellent array of technical indicators and drawing tools, all the big ones are there, from OBV, RSI and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork. With over 70 different indicators you will have plenty to play with. They have also introduced live alerts which you can configure to email or pop up if an indicators or trend line is breached. Very useful indeed.

Stock Systems and Back Testing 4/10 – if you want to perform powerful backtesting or trading automation, then TC2000 is not for you. You may be able to utilize the add-on product called StockFinder, if you are a Platinum Member and you specifically call to ask for it. However, StockFinder is no longer in active development, which is a shame because I think it is one of the very best in the market.

Ease Of Use 20/20 – One of the easiest to use and most powerful packages available places the icing on the cake for the Worden Brothers.

Watch this Video to See A Live Demo of these 7 Killer Features.

3. MetaStock

Recommended for day traders and those who need excellent real-time news, access to a huge stock systems market and powerful technical analysis with global data coverage all backed up with excellent customer services.

The latest release of Metastock XV has been a big hit with improvements across the board. with huge improvements in Scanning, Back Testing and Forecasting making this one of the best offerings on the market.

Pricing and Software 10/10 – MetaStock is one of the biggest fish in the sea of stock market analysis software. Backed up by the mighty Thomson Reuters you can expect excellent fast global data coverage and broad market coverage including equities, futures, Forex, ETF’s and options.

Trade Management 4/10 – MetaStock does provide broker integration but the execution of trades from charts and live integrated P&L analysis is limited.

Fundamental Scanning and Screening 10/10 – Using Eikon you can see a really in-depth analysis of company fundamentals from debt structure to top 10 investors, including level II. Excellent watch lists featuring fundamentals and powerful scanning of the markets gets a perfect 10

News 10/10 – MetaStock 12 has full Eikon integration with institutional level news, analysis, and outlook. This is the fastest global news service available on the market including translations into all major languages.

Technical Analysis 10/10 – Forex forecasting based on sentiment is a feature that is absolutely exceptional. Never mind the broadest selection of technical analysis indicators on the market today. MetaStock is the king of technical analysis warranting a perfect 10.

Stock Systems and Back Testing 8/10 – Another area where MetaStock excels is what they call the expert advisors. MetaStock harnesses a huge amount of inbuilt systems that will help you as a beginner or intermediate trader understand and profit from technical analysis patterns and well-researched systems. This is really a key area of advantage. The biggest addition to the MetaStock arsenal is the forecasting functionality which sets is apart from the crowd.

Ease of Use 12/20– MetaStock still has the feel of a collection of separately developed applications that require user’s education to make them work together. However, with the huge selection of automated “expert advisors” you can deploy on the selection of stocks in your purview make MetaStock well worth the investment.

Check Out this Video Overview Of MetaStock

4. EquityFeed

Recommended for Day Traders, who want a super simple and slick workflow, real-time streaming charts & news and unique Level II data, Dollar Volume Information & excellent broker integration

With their slogan “Find It, Trade It, Profit” EquityFeed is considered a gold standard for Day Traders.

Pricing & Software – 9/10 – EquityFeed specializes in providing real-time data and news fast directly to your screen. With a medium price point, it is neither cheap or expensive, but you do get a lot for your money as we will explore later in this category. Data speeds are excellent and it has excellent U.S. data coverage including extensive Over The Counter markets (OTC:BB, OTCQX, OTCQB, OTCPINK, GREY)

Trade Management – 10/10 – EquityFeed has introduced the “Chart Montage” functionality, which enables an ultrapowerful way of trading off the charts.

This single window contains a wealth of critical trading information, including real-time streaming news, level 2 data, including time and sales. Also, Equity Feed is the only software to offer the Dollar Volume data.

The EquityFeed Team have a fantastic set of integrations to your broker to enable this, which includes TD Ameritrade and Interactive Brokers two of the powerhouses of the brokerage world.

Fundamental Scanning & Screening – 9/10 – EquityFeed contains many fundamental screens. But what is the key for days traders? The ability to scan entire markets for liquidity and volume patterns to find volatility you can trade for a profit. This is the EquityFeed unique offering.

News – 9/10 – A top placing and definitely worth mentioning this year is the deal news section in EquityFeed.

I really like the simple implementation, you can get the low down on contracts and deals struck between companies. This can give you an edge if you can quantify the impact of the deal on the companies bottom line.

EquityFeed also has a strong focus on news, but it is let down by having no social integration.

Technical Analysis 8/10 – In third place in this round, EquityFeed does not offer as many chart patterns or chart indicators as it’s competitors, but it does not have to. Most people will only use 5% of the indicators available, and fortunately, EquityFeed covers all the important ones. The power here is in the technical analysis screening, which is very fast, seamless and powerful.

Stock Systems & Back Testing – 4/10 – EquityFeed is not designed for extensive backtesting, but it is designed to help you streamline your day trading system. Plenty of off the shelf technical and liquidity scans greet you on opening the program. The great thing is they all operate in real-time so they continue to update.

Ease of Use 18/20 – In the development process EquityFeed have opted to keep everything on the surface super simple and intuitive to use. However, don’t be fooled by the power underlying the streamlined interface, which in a few clicks you will be viewing Level II liquidity data and buying directly from the charts.

I have been extremely impressed with the progress EquityFeed is making in their product and carving out their Day Trader Niche.

5. Optuma by Market Analyst

Recommended for professional frequent trading investors, who value a slick touch-enabled interface which operates well with Bloomberg feeds and terminals, premium features and the best Gann Analysis toolset on the market.

Market Analyst has been in the market for almost 20 years and they cater to individual investors as well as to fund managers

Pricing and Software 10/10 – Optuma is at the top end when it comes to price and you will need a powerful PC to run it, but with IQFeed, GFT and MT4 data integration’s, great customer services and the full range of instruments covered (Stocks, EFTs, Mutual Funds, Options, Futures, FOREX, Bonds) for the premium price you get the premium package.

Breakthrough Astrological Charts with Optuma

Trade Management 8/10 – While you have the ability to place trades from charts, Optuma does not have a full suite of broker integrations.

Fundamental Scanning and Screening 10/10 – A perfect 10 for fundamental sc screening for Optuma. A well thought out real-time scanning and filtering engine and the fundamental watchlists are well implemented

News & Social – 8/10 –If you can afford or have a Bloomberg feed then you will get the top end real-time market data you need.

Technical Analysis 10/10 – Another perfect 10 for Optuma. A fantastic array of technical indicators and drawing tools. Specializing in Gann tools with a full suite including Gann Grid Lines, Gann Fans, and Gann Swing.

Also included are Elliott Wave and Darvas Box, the full set of exotic indicators are present. To top it off they have also implemented an excellent astrological analysis suite as an upgrade for those of you who believe in that sort of thing, yes commodity traders I am talking about you :).

Ground Breaking Astrological Charts with Optuma

Stock Systems and Back Testing 8/10 – Market Analyst has back-testing well covered also, with a well-implemented backtesting and system analysis toolset. Best in class up there with MetaStock, QuantShare, and NijaTrader as the industry leaders, but unlike the others, you do not need a Ph.D. in mathematics to setup and test your system.

Ease Of Use 10/20 – Optuma requires a High-End PC workstation to function at speed, but if you are a PRO trader this is not a problem. The interface, the shortcuts, the whole thought process implemented into Optuma does warrant this good score in an important section. They also have an extensive video training library which is very valuable to the new customer.

6. QuantShare

Recommended for Quantitative Analysts who develop powerful automated systems and value a huge selection of shared user-generated systems and powerful technical analysis tools.
QuantShare was new to me and I was pleasantly surprised with the feature set.

Pricing and Software 9/10 – An extremely cost-effective solution with integration into new social media outlets like StockTwits.

Trade Management 8/10 – QuantShare scores well in this round, enabling a selection of Broker integration to automate trade management.

Fundamental Scanning and Screening 9/10 – There is certainly a huge selection of fundamentals to be able to scan against, the usability could be improved. Watch-lists can be tricky to set up. Further development required here.

News & Social 7/10 – Including news and the StockTwits integration save the day here for QuantShare, the news is not real-time but certainly does add value.

There is a heavy focus on the sharing aspect of systems with sharing servers which enable people to connect and share systems, perfect for the quant.

Technical Analysis 9/10 – With the largest selection of technical indicators to choose from (520+) this package leads the way in the chart analysis stakes.

Stock Systems and Back Testing 10/10 – QuantShare specializes, as the name suggests, in allowing Quantitative Analysts the ability to Share stock systems.

This means they have a huge systems marketplace with a lot of accessible content that you can test and use.

If you have a programmatic mind you can implement and test an endless list of possibilities. They do also offer Point & Click implementation of systems also. What is great is they also have Artificial Intelligence integrations via the AI Optimizer, which allows for the system to combine different rules to see which rules work best together.

They also have powerful prediction models using Neural Networks.

This is seriously advanced software for those with the inclination to test, forecast, predict and automate.

Ease Of Use 12/20 – This software package is not the easiest to use and the interface requires serious development effort. The learning curve will take a time investment on your part.

The Most Innovative Newcomer Award 2018

The new kid on the block, Trendspider is doing something very different and innovative to separate itself from the crowded stock chart analysis software market. It solves the problem of too much time spent doing analysis, drawing trendlines, tweaking indicators and analyzing timeframes.

Automatic Trend Lines, Automatic Support & Resistance Lines and Multi Time-Frame Analysis are new to the industry and will change it moving forward.

Automated Trendline Detection

The automated trendline detection saves a lot of time for traders, speeds up trade preparation in the morning, and improves accuracy. The TrendSpider algorithm uses mathematics to correlate all the bars on a chart and then draw the lines. It highlights the touches at peaks and troughs in a price trend. As a technical analyst, this is how you are supposed to do it, the more times a price touches the trend line and reverses the stronger the trend. Therefore, if a price breaks through a strong area of support and resistance it is more predictive. If you do not like a trend that the AI has used you can manually delete it or fine tune them. With this capability, you can have a complete trendline analysis on any chart in a few seconds.

Multi-Timeframe Analysis

Here is where is get even more interesting, the Multi-Timeframe Analysis can be used to super-impose trendlines or indicators from different timeframes onto a single chart. It may seem a little complex at first, but when you get used to it, it makes a lot of sense. Instead of constantly switching timeframes and redrawing trendlines it is simply there. It is not just for trendlines though you can use it with the array of 42 stock chart indicators to ensure you do not miss anything. Dan Ushman the company founder uses it in his trading especially with indicators like Bollinger Bands and with trendlines which help expose things other traders miss when they are focused on one timeframe or one indicator at a time.

One thing I also really like is the price indicator analysis, you can let the application plot, name and highlight your Japanese Candlestick patterns of choice. Want to find Evening Doji Stars, Hammers or Engulfing Patterns? Just turn on the pattern recognition it is that easy.

Software & Pricing

Trendspider is an HTML5 application, which means it works on any connected device, requires zero installation, zero data stream or data download configuration. This appeals to me a lot because with a single click you are up and running. Also, considering the complexity of the automatic calculations the application runs swiftly taking just a few seconds to complete an entire analysis.

Pricing starts at Free to try, but the real power comes in with PRO Trader Plan which starts at $24.75 per month. This includes Real-Time Data, NASDAQ, NYSE & Amex Stocks, ETF’s and surprisingly Cryptocurrencies. In this package, you also get unlimited lookups, trend detection, and 10 Dynamic Price Alerts + a free 30 minute personal one on one training session.

The Elite Trade Plan is $37.25 per month, has everything the PRO plan has and in addition includes after-hours and pre-market data, OTC, Forex and Futures data. On top of that, you get 20 Dynamic Alerts. Considering you get real-time data the pricing is very competitive, in fact considerably lower than other charting software vendors.

If you have not already chosen a Stock Brokers, Read our latest Top 10 Best Stock Brokers in the U.S.

Dear Readers/Vendors- this review was established to the best of our abilities with no intended inaccuracies. There are over 800 data points in this review if you spot any inaccuracies within this content please contact us here to have it corrected immediately.

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