Best Stock Charting Software 2024

Jeremy Biberdorf Image
Updated
May 30, 2024
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Quick Breakdown

The Best Stock Charting Software in 2023


  • Best for dynamic price alerts and multi-timeframe analysis.

  • Best overall, especially for online stock brokers wanting robust technical analysis tools.

  • Best for traders looking for artificial intelligence-powered trading bots.

  • Best for American stocks with advanced charting features.

  • Best for fast and efficient stock screeners.

  • Best for long-term investors needing detailed portfolio analytics.

  • Best for professional traders demanding advanced features.
In the labyrinth of the stock market, having reliable tools is imperative for making informed decisions. Stock charting software provides traders and investors the visual representations they need to gauge market momentum, price action, and potential trading opportunities.

Whether you're day trading or eyeing long-term investments, the right software can provide valuable insights. In this article, we'll unravel the best stock charting tools, giving you a clear view of what each has to offer, and aiding your quest in the financial markets.

When it comes to stock trading apps, active traders are often on the lookout for platforms that offer excellent charts, real-time stock alerts, and powerful tools that offer an edge. Whether you're an experienced investor or just starting out, understanding stock charts is a key aspect of your investment experience.

The Best Stock Charting Software in 2024

TrendSpider

4.4 stars
Mobile Availability Yes
Real-Time News Alerts No
Best For Dynamic alerts
Benefits
Overview
Company
  • Automated technical analysis tool.
  • Multi-timeframe analysis capability.
  • Dynamic alerts on trend lines.
  • Advanced tools for chart analysis.
  • AI-driven trade offers.
  • Mobile app for constant connectivity.
  • Breaking news alerts for informed trades.
  • Promo: Coupon Code MM30 for 30% off!
TrendSpider, designed with the trader in mind, revolutionizes the trading landscape by offering an array of tools that streamline analysis and bolster trading strategies. Recognized for its comprehensive technical analysis capabilities, this platform sets itself apart with a unique blend of innovation and user-focused design.

A core feature that captivates many is its automated charting platform, equipped with an alert system that ensures traders maintain consistent and efficient analyses. By addressing common obstacles traders face, such as biases and external influences, TrendSpider not only saves users time but also aids in minimizing costly errors.

In essence, this platform is more than just a tool; it's an ally for those aspiring to elevate their trading game.

Founded in 2016 by Ruslan Lagutin and Dan Ushman, TrendSpider has since established a prominent international presence with offices across the U.S., Russia, Ukraine, and India. Dan Ushman's journey into the world of trading was fueled by a combination of personal intrigue and his extensive tech background. Initially, trading was merely an interest, much like a game to him—a challenge to decode and master.

His approach in the early days was rather casual, investing in companies he liked without much technical consideration. However, Dan's pivotal moment in trading arrived when he began drawing parallels between the intricacies of the tech world and the dynamics of trading. In his past venture, SingleHop, he witnessed the transformative power of automation. The company transformed a complex, error-prone process of deploying physical servers into a streamlined 20-minute task.

This exposure to automation in tech made him question the manual processes in trading. Why, in an age where servers could be deployed at a click and moon landings were possible, was he manually analyzing trading charts? Recognizing the vast potential for automation in technical trading analysis, he applied similar automation principles, eventually leading to the birth of TrendSpider—a platform designed to simplify and optimize the trading experience.

TradingView

4.5 stars
Mobile Availability Yes
Real-Time News Alerts Yes
Best For Online stock brokers
Benefits
Overview
Company
  • User-friendly interface.
  • Variety of technical indicators.
  • Real-time news alerts.
  • Large active users community.
  • Advanced charts for experienced traders.
  • Mobile app for on-the-go traders.
  • Reasonable prices for subscription service.
TradingView stands as an indispensable tool for the global trading community, boasting a user base of over 30 million. Designed to cater to both seasoned professionals and day trading novices, its robust charting platforms provide users with unparalleled insights for sound stock decision-making.

The platform's uniqueness is amplified by the harmonious integration of advanced charting tools with a thriving community, facilitating a richer trading experience. Having initially anchored its services in stocks and ETFs, TradingView has exhibited adaptability by venturing into the dynamic world of cryptocurrencies.

It not only offers insights into mainstream assets like Bitcoin and Ethereum but also provides valuable information for those keen on diversifying into financial derivatives such as futures and CFDs. In essence, for traders seeking a platform that offers a balance between traditional trading and the ever-evolving crypto realm, TradingView emerges as a top contender.

In 2011, three visionaries, Stan Bokov, Denis Globa, and Constantin Ivanov, introduced TradingView to the world. Stemming from the innovative minds behind MultiCharts, this platform swiftly emerged as a top-tier charting suite. Designed for convenience, its capabilities stretch from desktop to mobile, guaranteeing that traders remain connected at all times.

But beyond its tech prowess, at the heart of TradingView lies a commitment to community. They prioritize nurturing open discussions, promoting shared strategies, and fostering collective advancements. As the platform matured, it became more than just a place to access high-caliber tools; it transformed into a breeding ground for collaboration.

Illustrating this growth, by 2013, just two years after its inception, TradingView was recognized at TechStars in Chicago, and it hasn't looked back since. Today, it boasts over 15 million monthly users and has built strong partnerships with over 40,000 entities ranging from publishers and brokerages to fintech firms.

This expansion was further propelled in 2018, following a successful $37 million Series B funding round spearheaded by Insight Partners. And, in their relentless pursuit of excellence, they integrated TradeIT in 2019, solidifying their position at the forefront of trading technology.

The story of TradingView is one of dedication, innovation, and the power of community, serving as a testament to how technological advancement, coupled with shared insights, can redefine trading landscapes.

Trade Ideas

4.4 stars
Mobile Availability Yes
Real-Time News Alerts Yes
Best For AI-powered bots
Benefits
Overview
Company
  • Artificial intelligence-driven insights.
  • Advanced charting features.
  • Real-time stock alerts.
  • Customizable screeners for stocks.
  • Simulated trading for practice.
  • Dynamic alerts for trading patterns.
  • Excellent charts for analysis.
  • Promo: Coupon Code MODEST25 for 25% off!
In the domain of automated trading, Trade Ideas has established itself as a trusted and innovative platform. Recognized for its real-time market scanning capabilities, it continuously evaluates the stock market, unearthing potential trading opportunities with precision. The prowess of this platform is heightened by the Trade Ideas Premium service, designed with advanced traders in mind. It offers enhanced charting capabilities and the ability to customize time intervals, ensuring that both beginners and experts find value.

But what truly elevates Trade Ideas is its commitment to AI-driven trading. This is epitomized by its "Holly Grail" robo-advisor engine, which doesn't just present trades but dives into myriad strategies, sifting through extensive data sets from technical details to volume specifics and more.

Post-trading, Holly categorizes these strategies, ensuring that the analysis is as comprehensive as possible. Users are afforded the flexibility of three Holly versions: the foundational Holly Grail, the enhanced Holly 2.0, and the contemporary Holly Neo.

In addition to its AI features, Trade Ideas is renowned for its dynamic intraday stock scanning, covering both stocks and ETFs. The platform seamlessly integrates with multiple online brokerages, offering real-time data and a customizable experience. Even more appealing, for those not well-versed in coding, is the platform's user-friendly nature. It grants traders the ability to craft their scanning strategies effortlessly.

Founded in 2002 by Dan Mirkin, David Aferiat, and Philip Smolen, Trade Ideas began its journey as a simple market scanner. However, over time, it transformed into a holistic idea generation platform. Catering to more than 50,000 traders across 19 countries, its primary focus remains on the US and Canadian equity markets. Their mission has always been clear: harness technology to optimize the trading experience.

This commitment to innovation is evident in the platform's features. From the onset, they integrated advanced technologies, especially artificial intelligence, to pinpoint lucrative trading strategies and develop predictive market insights.

This technological prowess is paired with a thriving community dimension. The platform's real-time chatroom has become a hub for traders, with moderators and experts guiding the dialogue.

TC2000

4.2 stars
Benefits
Overview
Company
  • Specialized in American stocks.
  • Advanced charting capabilities.
  • Real-time news updates.
  • Mobile app for trading on-the-move.
  • Customizable screeners.
  • Technical analysis tools integrated.
  • User-friendly interface for all traders.
  • Save $25 on TC2000 Today!
TC2000 has carved a niche for itself, particularly among traders who have a keen interest in the U.S. stock market. Combining its intuitive interface with high-definition charting capabilities, the platform offers a comprehensive experience for both novice and experienced traders.

What makes it stand out is its impressive suite of features, including real-time stock scanning, up-to-date news, and the ability to tailor screeners to individual preferences. For those delving into the intricate realm of options strategy charting, TC2000 doesn't disappoint. The software also seamlessly integrates with brokers, further enhancing its appeal for U.S.-based traders.

In essence, TC2000 encapsulates a spectrum of advanced technical tools and functionalities to ensure optimal trading outcomes.

Developed by Worden Brothers Inc., TC2000 has earned its stripes in the investment landscape. Catering primarily to the American stock market, this platform showcases its commitment by offering a plethora of stock charts, indicators, and capabilities to sift through fundamental data.

The platform's depth and continuous improvements underline its commitment to delivering top-notch tools for traders, illustrating both its versatility and the company's focus on innovation.

FinViz

4.2 stars
Mobile Availability No
Real-Time News Alerts Yes
Best For Efficient screeners
Benefits
Overview
Company
  • Efficient stock screeners.
  • Visual representations of market data.
  • News alerts for current events.
  • Advanced features for premium users.
  • Detailed stock market momentum visuals.
  • Fundamental analysis tools integrated.
  • Charts for various stock actions.
FinViz stands out as a leading platform for visually analyzing stock data. Designed for ease of use, it equips traders with efficient stock screeners tailored to pinpoint viable day trading opportunities.

With its multifaceted tools, FinViz allows users to quickly grasp market momentum and benefit from real-time data on a myriad of stocks, especially for premium members. The platform's integration of news alerts ensures that traders are always informed about events that might influence their stock positions, making it an all-encompassing resource for informed trading decisions.

Established in 2007 by Juraj Duris in Slovakia, FinViz began its journey as an endeavor to make financial data more accessible and user-friendly for individual investors. Duris, who remains the company's president, crafted the platform with tools and charts that resonate with the needs of day traders and investors alike.

Over the span of years, FinViz's reach and impact expanded exponentially. From personal traders to professional portfolio managers and academic institutions, thousands globally now rely on its robust platform to guide their financial decisions.

Stock Rover

4.4 stars
Mobile Availability Yes
Real-Time News Alerts Yes
Best For Long-term investments
Benefits
Overview
Company
  • In-depth portfolio analytics.
  • Advanced tools for long-term investors.
  • Stock Rover Premium Plus for added features.
  • Fundamental indicators for informed decisions.
  • Custom indicator creation.
  • Detailed stock ratings.
  • Companion apps for mobile tracking.
Stock Rover stands out as a premier market research and stock screening platform, tailor-made for those keen on delving deep into financial metrics. The platform provides a vast array of financial data, catering to investors by offering tailored tools and over 240 financial indicators.

These features, coupled with 16 technical analysis tools, make it especially useful for those focused on fundamental income, growth, and value investing strategies. With its comprehensive charts and user-friendly interface, Stock Rover ensures both day traders and long-term investors can filter and access the precise data they require for informed decisions.

In 2008, driven by a shared passion for investing and a mutual sense of dissatisfaction with existing research platforms, software engineers Andrew Martin and Howard Reisman decided to take matters into their own hands. They envisioned a unified platform that eliminated the need to juggle multiple websites and tools for stock analysis.

From this vision, Stock Rover was born. Over time, what started as a solution to their personal investing challenges has evolved into a sophisticated web application. Today, Stock Rover stands as a testament to their dedication, serving a broad spectrum of investors who seek a streamlined and powerful research tool.

Metastock

4.2 stars
Mobile Availability No
Real-Time News Alerts No
Best For Professional traders
Benefits
Overview
Company
  • Catered to professional traders.
  • Extensive advanced features.
  • Real-time stock alerts.
  • Fundamental and technical analysis combined.
  • Dynamic price action charts.
  • Educational resources for better trading.
  • Premium subscription for exclusive tools.
Metastock stands as a go-to platform for professional traders. Its advanced features are both extensive and top-notch, fulfilling the rigorous demands of seasoned traders. The platform masterfully combines both fundamental and technical analysis, ensuring users have a comprehensive toolkit. The educational resources provided further help in understanding the nuances of the stock market.
With a legacy that spans decades, Metastock has been a consistent provider of advanced trading tools. Their commitment to quality and innovation has made them a trusted name in the world of stock charting software.

Frequently Asked Questions

Why is stock charting software essential for traders?

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Stock charting software is pivotal for traders as it provides visual representations of price action and market trends. This visual aid helps traders make informed decisions, gauge market momentum, and predict potential future price movements.

Moreover, with the right software, traders can employ technical indicators, draw trend lines, and analyze price patterns, all of which are crucial for successful trading.

How does technical analysis differ from fundamental analysis in stock charting?

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Technical analysis focuses on studying past market data, mainly price and volume, to forecast future price movements. This analysis can be performed on any security with historical trading data.

On the other hand, fundamental analysis evaluates a security's intrinsic value by examining related economic, financial, and other qualitative and quantitative factors. In essence, while technical analysis looks at the "what" and "when" of investing, fundamental analysis dives into the "why."

Do all charting softwares offer real-time data?

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Not all stock charting software offers real-time data. Some platforms provide data with a slight delay, often called "delayed data", which can be anywhere from a few minutes to 15-20 minutes behind the live data.

Real-time data, which updates instantly as changes occur, is critical for day traders and those executing short-term trades. It's essential to check the software's features or subscription levels to ensure you're getting the data speed you require.

Why are technical indicators important?

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Technical indicators play a vital role in interpreting the stock market's behavior and predicting its future movements. These indicators, derived from stock prices, volume, and other market-related data, can indicate momentum, volatility, trends, and strength. By understanding these indicators, traders can make more informed decisions and identify potential trading opportunities more efficiently.

Can I trade directly from these platforms?

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Some stock charting software platforms integrate with online brokers, allowing users to execute trades directly. This seamless integration can be advantageous for active traders, providing a smoother and faster trading experience. However, it's essential to ensure your preferred brokerage is compatible with the charting software you choose

Is mobile app support common for charting software?

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Many modern stock charting platforms offer mobile apps to cater to traders on-the-go. A mobile app ensures that traders aren't bound to their desktops and can monitor the markets, analyze charts, and even execute trades from anywhere. However, the features and functionality of mobile apps might differ from the desktop version, so it's good to compare the two before committing.

How do stock screeners benefit traders?

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Stock screeners are valuable resources, allowing traders to filter the vast financial markets based on specific criteria.

Whether you're looking for stocks that meet certain financial metrics, price action, volume changes, or other factors – screeners can swiftly provide a list of potential investments that match your parameters. This can save significant time and also introduce traders to stocks they might not have considered.

Do these platforms cater to global stocks?

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While many stock charting softwares primarily focus on American stocks, several platforms encompass global financial markets. This broader coverage can be particularly beneficial for traders interested in diversifying their portfolios across various regions or those specifically interested in international markets.

How do alerts enhance the trading experience?

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Dynamic alerts, often offered by advanced charting platforms, notify traders of specific stock movements or market conditions. This feature ensures traders don't miss potential trading opportunities or critical price movements. By setting criteria for alerts, traders can keep track of key stock activities without continually monitoring charts.

Are educational resources standard in charting tools?

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Many leading stock charting platforms recognize the importance of education in trading. They often provide educational resources, tutorials, webinars, and articles to help both novice and experienced traders enhance their skills. These resources can be instrumental in understanding the platform's features and improving overall trading strategies.

Is there a steep learning curve for these softwares?

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The learning curve for stock charting software varies. While some platforms cater specifically to beginners with a user-friendly interface, others, equipped with advanced features, might require more time to master.

It's essential to select a platform that aligns with your proficiency level and offers the resources to help you navigate its tools.

Are free versions of charting softwares reliable?

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Many stock charting platforms offer free versions or trials of their software. While these versions are useful for getting a feel for the platform, they often come with limitations in terms of features, data speed, or the number of technical indicators available.

For more serious trading, upgrading to a paid version might be more beneficial in terms of access to advanced features and more in-depth analysis.

What's the difference between fundamental and technical analysis tools?

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Fundamental and technical analysis are two primary approaches traders use to evaluate securities. Fundamental analysis involves assessing a company's intrinsic value by examining related economic, financial, and other qualitative and quantitative factors. This might include earnings, revenue, future growth, profit margins, and other data.

On the other hand, technical analysis focuses on reading market signs and using statistical measures to forecast future price movements. Tools for this method evaluate patterns and trends in stock charts, price movements, and trading volume. Stock charting software typically offers tools for both types of analysis, catering to different trading styles and strategies.

How do stock charting apps differ from stock trading apps?

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While there might be some overlap, stock charting apps primarily focus on providing visual representations of stock prices over time, along with tools for analyzing these charts. They enable traders to interpret stock price movements, identify patterns, and predict future prices.

Stock trading apps, meanwhile, are platforms where actual trades are executed. They allow investors to buy and sell securities, monitor their portfolios, and, in some cases, access news events and other resources. Some comprehensive platforms, however, combine both charting and trading functionalities.

Why are candlestick charts popular among traders?

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Candlestick charts are a favored visual tool among many traders because they provide a wealth of information at a glance. Each "candlestick" represents a specific time frame (like a day or an hour) and shows the opening, closing, high, and low prices for that period.

The color of the candlestick – often red or green – indicates whether the stock closed higher or lower than its opening price. This format makes it easier for traders to spot trends, potential reversals, and significant price action patterns. The rich data provided by candlestick charts, combined with their visual clarity, helps traders make informed decisions based on price movements.

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.