Stock charting software are a trader’s analytical toolbox. They provide invaluable insights into market trends, patterns, and potential investment opportunities. With the ability to plot price movements over specific timeframes, these platforms give investors the data necessary to make informed decisions.
Selecting the ideal platform for your trading needs cannot be overstated. It’s about more than just the aesthetics or the platform’s ease. It’s also about available tools, features, and data sources. A well-suited platform could mean distinguishing between capturing a lucrative market opportunity and missing out completely.
In this article, we delve into stock charting software reviews & ratings of some of the most popular platforms in the market. By the end, you’ll better understand which software best fits your trading style and needs.
TradingView: User-Friendly with a Vibrant Community
TradingView is a versatile platform known for its user-friendly interface and community-oriented approach to trading. Whether you’re interested in stocks, cryptocurrencies, or commodities, this software has something for everyone. One of its main features is the extensive array of indicators and tools traders can use to analyze market trends. It also offers customizable alerts, helping you stay ahead of market changes without constantly staring at your screen.
With a rating of 2.2 out of 5, based on 604 total reviews, TradingView has a mixed reception. However, despite the polarizing scores, according to positive reviews, the platform shines in areas like indicator variety and customer service.
For instance, a user named Edward-LEE mentioned, “This is a fantastic platform in my opinion. I’ve been using it for a few years now (both the web version & app) and have had no issues. Everything is extremely well laid out and easy to access. What I find especially great about it, is that it has features I didn’t even know I wanted until I was in need of them. Customer service has always been on point in my experience too, I usually get a response within 24 hours“.
Such reviews suggest that if you value a comprehensive set of tools and a supportive community, TradingView could be for you.
TC2000: A Robust Desktop Experience
TC2000 is a longstanding player in the field of stock charting software. It provides a rich desktop experience tailored for serious traders. Its platform focuses on robust charting capabilities, customizable watch lists, and real-time scanning of various financial markets. If you value on-the-fly adjustments and a wide array of technical indicators, TC2000 offers a comprehensive suite of tools to meet those demands.
The app has a 3.1-star rating out of 5, based on 472 reviews. While some users praise its strong desktop features, sentiment among new TC2000 users is mixed.
Thomas Taylor, a user since 1994, stated in his review, “Once you learn how to use version 18 it is great. What I really like is to be able to scan watch lists on the fly and move new stocks into watch lists. It is very robust and powerful. Now that version 20 is on my computer, the app no longer works. Earlier versions you could use the app and computer at the same time. I am very disappointed at this“.
While the desktop application continues to be powerful and feature-rich, users recommend caution with the mobile application.
FinViz: Easy Stock Screening and News Updates
FinViz is a stock charting software primarily known for its user-friendly stock screening and up-to-date news offerings. One of its most lauded features is the stock screener. It allows users to filter stocks based on market cap, sector, and dividend yield. Additionally, FinViz provides valuable insights through real-time news updates, thereby serving as a reliable source of market information.
The software garners a 2.5-star rating out of 5, according to 14 reviews. Despite the average rating, many users express high satisfaction with its stock screening abilities and the quality of news updates. The lower ratings come from those wishing for a broader selection of international stocks.
Mattew Landings, a reviewer from the Netherlands, praised FinViz, saying, “The best platform together with SeekingAlpha to keep updated about the stock market. Nice screener and data seems of good quality. The only cons, it should manage also international stocks“.
Users appreciate FinViz’s easy-to-use stock screening tools and updated news features.
MetaStock: Advanced Tools for the Seasoned Trader
MetaStock is a stock charting software designed with the seasoned trader in mind. It offers advanced features, including detailed technical analyses, backtesting strategies, and customizable indicators. MetaStock also integrates with real-time news feeds, offering traders comprehensive tools to make informed decisions.
The software has received a 2.8-star rating based on seven total reviews. Although the rating is mixed, users who appreciate MetaStock’s advanced capabilities often speak highly of it. The software is often recommended for those looking for a platform offering in-depth analytical tools and prefer a more complex but powerful user interface.
Derek Gilmour, a reviewer from the UK, shared his experience: “This morning I have purchased MetaStock’s Xenith platform after seeing the YouTube tutorials. I have been investing my own money for 8 years and this is the best tool for information I have used so far“.
In summary, MetaStock is a tool built for the more experienced trader, packed with advanced detailed analysis and decision-making features.
TrendSpider: Automated Technical Analysis
TrendSpider is a relatively new entrant in the stock charting software arena. However, it’s quickly gaining traction for its focus on automated technical analysis. This unique platform offers dynamic price alerts, automated Fibonacci retracements, and the ability to recognize chart patterns automatically. The software removes the subjectivity involved in technical analysis by automating many processes. This helps traders make quicker, data-driven decisions.
Trade Ideas: AI-Driven Insights for Active Traders
Trade Ideas is a powerhouse in the trading software world, known primarily for its cutting-edge, AI-driven tools. The platform provides real-time market scanning and offers automated trading via its AI algorithms, which can execute trades on your behalf based on set criteria. Trade Ideas provides actionable insights beyond standard technical indicators for active traders looking for an edge. Features like “Holly,” an AI-powered robo-advisor, continually analyze the markets and offer potential trading strategies based on that analysis.
Trade Ideas Boasts an average user rating of 4.6, based on 25 reviews.
EB J, a reviewer from the US, states that it is “The only scanner that truly uses real-time data against a database for the same symbol”. This highlights the platform’s approach to stock analysis, offering users tools to stay ahead in the trading game.
Stock Rover: Comprehensive Research for Long-Term Investors
Stock Rover is perfect for those who focus on long-term investing rather than active trading. It offers many features that aid in research and portfolio management. Users can benefit from its comprehensive stock screening, multiple data points, earnings calendar, and insightful charts, among other tools. The software also allows users to compare multiple stocks. This can be extremely useful when making long-term investment decisions.
Ratings and reviews for Stock Rover are not widely available, but the platform does have a dedicated user base. Those who use it cite the in-depth research tools and the ability to easily manage and track a long-term portfolio as its standout features.
The right platform can make all the difference in stock trading and investment. As we’ve seen, a diverse range of stock charting software is available, each with its own strengths and weaknesses.
Based on stock charting software reviews & ratings, it’s clear that each platform has its loyal user base who appreciate specific features. If you’re new to trading, a platform like TradingView might be a good starting point due to its ease of use. For traders keen on automated insights, Trade Ideas is an excellent choice.
In conclusion, choosing the right stock charting software will largely depend on your trading style, needs, and goals. It’s vital to consider what you prioritize most: user interface, technical indicators, automated suggestions, or long-term research capabilities. This way, you can make an informed decision that sets you on the path to successful trading or investing.