Ability to make profitable decisions while investing on inventory. Saves cost, time and effort. Avoid excess stock accumulation. Get Insightful data on your inventory. Want to take control of your trading? Want to learn more? Keep reading! What are stock charts?
There are three main types of charts. You have: Line chart — used to plot the closing price of a stock Bar chart — tracks 3 to 4 price points Candle and stick chart most popular — uses 4 types of price data to provide investors with accurate information of the price action How to read stock charts Learning how to read a stock charts is important if you are going to trade stocks. What to look for in stock chart software Wondering how any charting software can help you find winning stocks?
When looking for stock chart software, here is what you should consider: Lines — can the stock chart software support vertical, horizontal and trend lines? Lines are important when it comes to analysis.
For starters, they help you to identify support and resistant levels. They also help you to recognize trends.
Symbols — the best stock chart software should have a good library that enables you to load images as symbols. It should also allow you to mark signals with symbols such as exit long, buy, exit short and sell. Line studies — good software should provide pre-built support for line studies. Different shapes — drawing tools such as shapes, rectangles and ellipses allow you to highlight specific price action.
A brief overview of the best free stock charts 1. Tradingview If you value a stock chart software with great technical and fundamental analysis, then we recommend Tradingview. Stock Program free. FinViz Financial Visualizations is a free stock chart software that has remained unchanged for many years. Available features offered to FinViz Elite users include: Real-time quotes Premarket data Advanced visualizations Backtesting Advanced screener Alerts and notifications The good news about FinViz is that it can help you make sound stock-picking decisions.
Finance Yahoo! Stock market news live updates: Stocks rise as investors eye inflation data showing biggest jump since The Wall Street Journal. Link brokers to track portfolios. Your list is empty. Sign-in to view your list and add symbols.
Sign In. At the heart of the trading platform is the Trade Ideas scanner system, which is unique in the industry. You can see all the in-built scans categorized into Bullish, Bearish, or Neutral in the screenshot below. Depending on the overall market direction, you can select a potential strategy for the day.
The one area in which Trade Ideas is behind the competition is performing your own in-depth technical analysis. Most technical analysis software, backtesting, and charting platforms offer at least 50 different technical analysis tools. The charting is limited because Trade Ideas does all the work for you in the backend engine. Trade Ideas is not the best choice to perform your own independent, detailed technical analysis. The Trade Ideas platform has a powerful backtesting system that is easy to use, and you do not need any programming knowledge.
A point-and-click backtesting system is rare in this industry; the only alternative software with this capability is TrendSpider. The most amazing thing of all is that you can let Holly AI to auto-trade for you through Interactive Brokers. No, Trade Ideas is not easy to use; it takes time to learn.
I estimate at least four days of effort before you understand the platform. However, Trade Ideas help their new clients by providing excellent support, a live trading room, and personal one-on-one training sessions. If you aspire to be an active, profitable day trader, this package is well worth it, as all the hard work is done for you every day. I am thrilled to partner with Trade Ideas because they bring a unique and extremely powerful service to retail stock traders. As a partner of Trade Ideas, I requested a discount for all our readers.
Benzinga Pro is a unique stock program for trading real-time stock news. Designed for day traders, Benzinga Pro delivers real-time market-moving news to give you a trading edge.
Additionally, a news squawk box, direct access to the news desk, and real-time charting and scanning complete the service. Visit Benzinga. The stock program itself is stable and elegant, offering you the opportunity to set up multiple workspaces and monitors to suit your needs. Benzinga is also adding new functionality all the time, and it is a platform that should grow with your needs.
Benzinga Pro is the best for scanning and screening the news, but it can also screen for technical and fundamental data. There are also 23 market scanning criteria available, including volume change, relative volume, and short interest.
A block trade is a massive amount of stock either bought or sold. Block trades impact price, and you have the option of taking part in that price move or not, depending on the direction of the trade. Signals could be a trading strategy in itself. Watch the block trades roll in, observe the direction, and make your trade. See a colossal block trade sell, buy Put Options, see a block trade buy, buy calls. Core to the Benzinga Pro service is access to the real-time newsfeed, which updates quickly and effectively.
Please do not underestimate the newsfeed; it is truly enormous. But despite the depth of financial content being released every minute, the Benzinga Pro web-based applications are high-speed, responsive, and configurable. The configurable nature of the newsfeed is what makes the service so great. For the full test of Benzinga, see the Benzinga Pro Review. You can also choose to be alerted to specific categories in your newsfeed. For example, you can select to be alerted via email or a desktop pop-up and sound if any hot news or market-moving news is announced.
Any category can be flagged for alerts, so you do not need to watch the newsfeed continually; you can be trading and hear the alarm as a call to action. Squawk is one of the biggest benefits of the Benzinga Pro Essentials service. I have Squawk Box open while watching the markets, so I do not need to watch the screen constantly. Every 2 minutes, a real-time audio feed announces the latest big news via my PC speakers; this service alone is worth the upgrade to Benzinga PRO Essential.
Imagine chatting directly with the analyst or reporter that submitted an article. This feature allows you to do just that by directly questioning the Benzinga news desk to dive deep into your specific questions straight from the news hub.
The news team also highlights what they believe to be important news via the sentiment indicators only for Benzinga Pro Essential users. Benzinga Pro also has a very active user community, with eight live-chat channels and a Benzinga TV channel featuring Benzinga studios live broadcasts.
Benzinga Pro has dramatically improved its technical analysis charting over the past few years by integrating a cut-down version of TradingView our review winner. The TradingView integration offers indicators, real-time stocks charts, and seven chart types, including bars, candles, Heiken Ashi, Line, Area, and Baseline charts.
You can now draw on charts and perform solid technical analysis. Sentiment indicators are an excellent feature that allows you to see the sentiment of the analyst who submits the news item; you see this in the color of the ticker symbol; red is bearish, green is bullish; this is unique and a great asset. It is designed to give you a clean, quick view of the whole picture for a given stock. This includes all the core financial documents like balance sheets and important income statement information.
The main functionality missing from Benzinga Pro is the ability to perform any backtesting or automated trading. This trading software is not for algorithmic or system traders; it is designed to deliver tailored market-moving news fast.
I have been using Benzinga Pro for five years now; the news platform is exceptionally configurable and can run in multiple windows on multiple monitors. In the screenshot below, you can see how I have my Benzinga Pro interface configured.
Benzinga Pro is extremely powerful yet easy to use, which is often a delicate balance to strike, and to top it all off, they have also now added real-time price quotes to the service, so you can see when news breaks what the impact is on the stock price. Yes, Benzinga Pro is worth buying for day traders and investors who want an actionable real-time news service, sentiment indicators, market scanning, and financial reporting to get a profitable edge in the market.
After using Benzinga Pro for five years, I can say the exclusive features like audio squawk box, chat to the newsdesk, and the powerful calendar suite, make Benzinga Pro worth it. Free 7 Day Trial. The TrendSpider team is innovating at breakneck speed, and the features they are innovating are unique to the industry with trendline automation, pattern recognition, and multi-timeframe analysis.
The Premium plan has multi-time-frame analysis and trendline pattern recognition for stocks, ETFs, currencies, and OTC markets, plus 25 alerts. The Elite Trader Plan includes after-hours and pre-market data, OTC, Crypto, Forex, and Futures, plus dynamic alerts and full backtesting, meaning you can apply the auto trendlines and multi time-frame analysis on many different markets.
The system runs on all platforms, from smartphones to PCs. Packed full of innovative technical analysis tools means that TrendSpider is catapulted to the top of this list. If you are a serious market analyst, then TrendSpider will help you do the job quicker, with better quality, and help you not to miss an opportunity. The automated trendline detection and plotting do a better job than a human can; using algorithms, the system can detect thousands of trends-lines and flag the most important ones with the highest backtested probability of success.
Another great feature is the advanced plotting of support and resistance lines into a subtlely integrated chart heatmap. The latest innovation from the TrendSpider team is the market scanner, which enables you to scan a specific stock and the entire market for trades matching your technical criteria. Combining AI trend detection and analysis with scanning the whole stock market is a unique advantage.
TrendSpider takes a different approach to backtesting. The platform is built from the ground up to detect trendlines and Fibonacci patterns automatically, meaning it already has backtesting built into the code. The highest probability trendlines are automatically flagged, and you can adjust the sensitivity of the algorithm that controls the detection to show more or fewer lines.
TrendSpider has also implemented a strategy tester that allows you to type what you want to test freely, and it will do the coding for you.
It is a smooth and straightforward implementation. You can jump into coding if you want to, but the key here is that you do not HAVE to. Integrated backtesting of automated trendlines, showing win-rate, profitability, and drawdown is a new addition and warmly welcome; the team has propelled TrendSpider into one of the leading technical analysis packages in the industry. For example, seeing hourly, daily, weekly trend lines plotted on the same chart might be confusing at first.
Still, after applying a little effort, you might find you cannot live without them—an excellent score on usability. Yes, TrendSpider is worth buying if you are a stock trader who wants to utilize cutting-edge automation for technical stock chart analysis.
The automated pattern recognition of trendlines, Fibonacci, and candlesticks, plus backtesting, make it a compelling proposition. MetaStock is best for stock traders who need real-time news, access to a huge stock systems marketplace, and the best technical stock chart analysis, backtesting, and forecasting. Special Deal: 3 Months for the Price of 1. The latest release of Metastock is a big hit with improvements across the board.
You can change this time duration by choosing a time period from Display Periods menu. On hovering mouse over a particular date in the graph, you can see information like open, high, low, last, etc. You can choose a technical indicator too from the provided list including price differential, price ratio, price comparison, average true range, CCI, force index, median price, momentum, moving averages, negative volume index, etc.
Some other features offered by Incredible Charts are: Watchlist , Format Chart modify color schemes, font size, etc. It is mainly designed to provide real-time news on Indian stock market, but also gives updates on the global stock market US, European, and Asian markets.
Click on a particular stock market and then hit Detailed View button to have an elaborated graphical and tabular view with shares information. The news highlights of the current day are also shown on the main screen.
For the traders from India, moneycontrol. It provides a Portfolio Manager feature too, but you will need to register an account for that. Registration is free. Home Page. Download Page. About Us. Provide details to get this offer.
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