How to setup
end of day trading software database
Best stock market software
tip for free stock charts
Using end of day trading software is not rocket science. If you have good or best stock market software for your needs then its usage could provide valuable results for your trading or active investing.I prefer to use
Amibroker
- my best stock market software for
stock chart analysis.
This program allows me to do regular stock market technical analysis. I analyze different markets and their indexes. I analyze also different sectors and individual stocks. I use my best stock market software also for analysis of commodities and currencies.
What data source for free stock charts ?
One of the best features of Amibroker is that it can use free historical data available on the Internet to feed its own database. And then to use these data to create its free stock charts. It is possible to use these data every day and do not pay any subscription fee to any
stock quotes provider.
But it also means that there are also some limits. These quotes are delayed. They are not realtime. But it is no problem for end of day trading software
chart analysis.
Free stock quotes and historical data are available on Yahoo finance site or on Google finance site. There is also possible to go to these sites directly to use their
free stock charts.
But the solution when data are downloaded to free end of day trading software database is much better. Why ? Amibroker is much more
powerful program
and every day usage of this software for trading and analysis is much better choice.
How to create free stock charts database in Amibroker ?
First step is to go to the Amibroker menu and here select File - New - Database option. Then the window is shown as you can see below.
Using Browse you have to choose some folder in your computer where your database will be stored. Create such folder in advance. Select this folder and then click to Create button. Your new database is created.Then it is necessary to define that it will be end of day local database. Here is what should be set.
And the database is prepared. What is needed is to add symbols into database. There is option in menu Symbol - New. The small windows is presented where you can put tickers (symbols) comma separated. Like on example below.
^GSPC is Yahoo symbol for SP500 stock market index and ^IXIC for Nasdaq Composite stock market index. Do not forget sometimes to click to File - Save, although Amibroker do it automatically.
How to download data about stock trading ?
It is very simple to fill data to your end of day trading software database. Go to the menu and click to Tools - Auto-update quotes (Amiquote only). It will run special tool called AmiQuote that will download historical data. For first download please select for "From" date some historical date like 1.1.1980 to have really long history of quotes. You can see similar choice again on the example.
Click to green arrow and wait for end of download. Situation after download you can see on this picture.
Now you have data about your
tickers/symbols
in your database and you can analyze their charts. Click back to amibroker to check them.Here is example of chart I have set after data download.
This is very simple example of
Amibroker - technical analysis software.
I recommend to download it and test all possible features.
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