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JLS

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Alias Born 12/14/2004

JLS

Re: Cuppy post# 95221

Wednesday, 08/14/2019 1:49:00 AM

Wednesday, August 14, 2019 1:49:00 AM

Post# of 97468
Charting software ...

A lot of brokerages supply software that have a lot of features but they often require paying a fee to get all the bells and whistles unless you are a very frequent trader, in which case you can get free access. I've tried a couple and don't like them as they tend to be behemoths and overly complex and have so many features that don't interest me.

A lot of people who post on iHub use charting software from https://stockcharts.com/freecharts/. Their software is web based, so it works as long as you have a web connection. You can do daily (and higher interval) charts using their service for free and for as long as you want, and you'll get some indicators. I post a lot of their free charts -- I also don't have their membership. If you want all their charts' bells and whistles (including intraday charts) you'll have to pay a fee (paid monthly or annually) and there are several levels of membership so you can choose what features you want versus how much you want to pay. You can also sign up for a 1-month free trial of their paid version; so check the link above for that and perhaps try their free trial. My opinion is that they produce very nice charts and their fees are fair.

For much of my detailed charting I use a commercial program called Medved Trader. It has a lot of charting features, and it's possible to use it to place trades with your broker. I use it all the time for charting, but choose to do all my trades directly at the broker. When compared to brokerage software I've tried, MT is much better.

Medved Trader: http://tinyurl.com/y38xr3e2
They also have a free trial.

At this point I've mentioned two choices. There is a third source of charts which I frequently post (and did so today). That charting software has many features that I really like, and I often use it to post Sup/Res charts. I use it all the time to simultaneously monitor (and receive alerts on) 49 different stocks and 49 different sector ETFs, and it contains rather complex algorithms to produce Buy/Sell alerts, which I often ignore -- LOL. It runs within Excel, which is really nice because the user can choose to do whatever he wants with the data, but only if the user knows how to write Excel code. The only problem with the program is its availability -- I'm the only person that has access to it. The good news: it's free!
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