Choosing Your Charting SoftwareThere are a number of charting softwares to choose from. So, it is important that you determine your needs first by defining your trading strategy followed by finding charting software that supplies your needs in an acceptable medium. Always try to answer the following questions before you choose a charting application.* Do you need it on your local drive? * Do you want to use a browser-based version, so that you can access it from different computers? * Do you need a trading platform built it? * Does it allow you to build your own indicators, if it doesn't have the ones you need? * Will it perform back testing? * Will it search for stocks based upon your criteria? * How much does it cost? These are some of the basic questions that must be answered. Although, many online brokers provide stock charting on their sites, but most of them lack the advanced capabilities. Below are some examples of charting software applications, which are being used to build charts with or without your own indicators. Product Descriptions* Market Analyst 3 InvestorThis product has a great balance of the most standard technical analysis tools & indicators. Investor contains over 60 powerful technical analysis tools and indicators with a choice of 4 different chart styles, including Kagi and Candlestick Charts. Market Analyst 3 Investor also incorporates a Scanning Manager that will scan the market for you based on your selection criteria. Results can instantly be displayed as charts for closer analysis. * Market Analyst 3 Professional Market Analyst 3 Professional is a professional product which can be owned by anyone, whether you trade full-time, or just on the weekends. Building on the features provided in the Investor edition, Market Analyst 3 Professional is a Charting Application designed for traders who need that little bit extra. It contains over 80 powerful technical analysis tools and indicators with a choice of 8 different chart styles, including Gann Swing Charts and Point and Figure Charts. Market Analyst 3 Professional introduces some of the more common Gann techniques such as Gann Fan, Gann Box and Time by Solar Degrees to name a few. Coupled with the Market Profiling tool Market Price Analysis (add-on), Market Analyst 3 Professional is a truly powerful application that can save you hours in making educated trading selections. Day-Trading-Strategy .com, P.O. Box 89029, Houston Texas, 77289 info@Day-Trading-Strategy.com |