#Online stock charting software software#
Other subscriber comments on software (a few years old now – haven’t had time to check links): I bought the End of Day Visual Trader software years ago and have the End of Day OmniTrader software now. I suggest you contact Michael by clicking here.
If you already use Metastock, the Omnitrader software will simply use your Metastock data feed as well. You can set any alerts based on technical indicators. There are a couple of small screenshots of OmniTrader below – In the first are all the signals produced that day on my custom list of stocks, and you can click on any of those to see the charts – example below as well.Įxample chart of Nearmap (NEA) chart – note recent sell signal (red triangle): It also allows you to group chosen stocks in sectors and the software will track your “sector” and even plot a chart of “your” sector as if its an index. Using End of Day rather than real-time data makes it a very affordable package and their VisualTrader software (extra) might interest the nerds amongst you – you may or may not find it useful – I like pictures, and this is a great visual presentation of the market as it moves. The US software house that provides it (Nirvana) have developed a bunch of “modules” that add on to the base software. Omnitrader is sold in Australia through a great guy called Michael Marks who makes a small clip-on sales through the Australian website and in the process is extremely helpful in getting Australians set up.
They appear to be the source with integrity. Paritech is the data provider that almost everyone uses although some people re-package it and pretend it is them selling it to you. The basic technical stuff is enough without someone else’s further derivation of the obvious. I also have the Guppy package – shouldn’t have bothered. I also use their Chart Recognition Package (extra), which draws all sort of indicators on charts…I was sold after it drew support and trend lines over my manually drawn lines that exactly matched. Draw a trend line, for instance, shut the chart and months later it will alert you that the trend line has been broken. I used to use Metastock for years and then found OmniTrader – it is as programmable as Metastock with much slicker charts and signals identification with a great presentation of systems, alerts and strategies on the actual charts. For my modest portfolio, I can’t go past the charting and indicators available on CommSec if you trade with them as part of the package.If you wish to scan databases for technical indicators, breaks of resistance/support etc., my preference is Protrader, I have used IC investor and Vectorvest as well, VV is better if you want to search on fundamentals as well as technicals, are they worth the cost? I think so if you want to put the time in.If you just wish to view charts, then Commsec is fine, and Yahoo Finance (free) also is very good.If you are methodical/analytical, it has good outcomes. Is it worth it, depending on how much you use it. Lots of explorations can be written, and lots of program guides available. BC language is probably slightly easier to learn, but Metastock more powerful. There are lots of formula builders online with shortcuts. Might take a month or two to get up to speed. The other investment you need to make, however, is time in learning the programming language. If you are hardcore into your technical analysis and managing a decent size portfolio, I would say it is absolutely worth it. The software is typically around $1000 and a year of data $600. I have used a few over my journey, and the ones I like are Metastock and Beyond Charts (Metastock is US based and not always easy to deal with due to time differences, whereas BC is here in Melbourne and the support team are great).Check out Bullcharts (refer Brendon 02-9495-8400) …also provides live data charts.
A few years ago while writing about trading software that you might find useful: Over the last few days, we have received some questions about the type of charting software that we use here at Marcus Today.
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