Best stock analysis software

Stock market charting software for
most profitable technical analysis
of stock market

It was not quick way to final selection of best stock chart software for my needs. I spent several months testing of different software packages. I have tested them not only for stock chart analysis during my pre-market trading routine but also in real time during US stock market trading hours.

I wanted to know every aspect of these software packages. I found that there are plenty of packages that can be used by stock traders and investors. Some type of stock market charting software can be used by active stock swing traders or day traders. Another type of stock market charting software is better for active investors with longer time frames for their trades.

Finally I selected one software that I like most till today. I use it every day. I analyze not only US stock market but also international stock markets, currency markets and commodities in this stock market charting software.

So what stock market charting software I use ? I selected Amibroker as my stock analysis software.

It has a lot of tools and offers so many possibilities for technical stock analysis and candlestick analysis, but it also can support the needs of fundamental analysis.

What do I like on this stock market charting software ?

Multi-time frame charting possibility

I like to have a chart of the same stock symbols on the screen and see all of them together. My stock chart layout fits my needs. I have daily, weekly, hourly and four-hour stock charts of the same stock symbols visible so I can analyze the technical situation very easily.

Stock group and watchlist management

It’s very easy to assign any stock symbol to a group and have several watchlists, each one for different purposes. Stock symbols can easily be added, removed and moved between these groups and watchlists.

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Stock database management and real-time data

I have several stock databases, one for U.S. stocks, one for U.K. stocks (London Stock Exchange), one for the local Czech stock market (Prague stock exchange) and another stock database for the German stock market (Deutsche Boerse). I also have one database for Forex symbols.

I can open several Amibroker programs, each one with a different database. This way, I can check stocks in the U.S. and stocks in the U.K. and also Forex trading without any complicated switching..

I use Esignal as a real-time data provider for all the databases I use. Amibroker offers the ability to use several different data providers, real-time and End of Day data. Several sources are free.

Stock screening

I use the stock screening function a lot. It’s very easy to write some AmiBroker formulas describing my scanning rules and then run Automatic Analysis. I have my results very quickly, and I can do stock pick analysis very quickly. My most popular scanners are breakout candidates, breakdown candidates, stocks near a 52-week high or 52-low, stocks making a pullback during a trend, gapping stocks and more.

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I can add any indicator I want to chart. I can modify parameters of indicators. And I can write my own indicator if I don’t find it in the list of indicators available.

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Also, the price is very reasonable.

So if you’re thinking about software for stock analysis, try AmiBroker. I can recommend it. I’ve used it for several years already.

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