FreeStockCharts.com (previously BestFreeCharts.com) is, in my view, the perfect free stock charting software. Really, I imagine FreeStockCharts.com is head and shoulders above most Stock charts by online brokers on their web sites and different costly Stock charting software. If you happen to’re nonetheless utilizing Yahoo! Finance for charts and checking the value of a Stock, you are dwelling in a cave (no offense to the Geico Caveman).
FreeStockCharts.com’s mother or father firm, Worden, took their flagship charting software package deal TeleChart 2007 (a.okay.a. TCnet) and opened it to the general public free to make use of. For a lot of skilled traders and traders, TeleChart 2007 is the best choice for charting software. FreeStockCharts.com has a database of over 7000 Stocks.
*Notice: The newest 15-minutes of real-time knowledge is supplied by the BATS exchange that at present accounts for 12% of the market quantity.
The highest Three options that set FreeStockCharts.com aside:
1. Actual-time charts and knowledge for over 7000 U.S. Stocks, some foreign markets, all main Forex pairs, and market internals knowledge (such because the NYSE advance/decline statistics Mark Haines publicizes each morning on CNBC’s Squawk on the Avenue). Make large watchlists of Stocks you are considering and see the entire price adjustments in real-time.
2. Browser-based desktop-quality Stock chart software proper in your browser. No extra worries about downloading, putting in, and updating software. We’re getting into the age of cloud computing the place all of the costly gear and software are saved on some faraway server. All you want is to show in your browser, on any pc from anyplace, and enter all of your knowledge online. Google is doing it to email with Gmail, tradeMONSTER has executed it with the primary browser-based broker & platform, and Worden is doing it to Stock charting software with FreeStockCharts.com.
3. Entry your private watchlist and chart configurations all online. It’s important to register for the free account so that they know who’s customizing the settings, however, when you do, all of your newest updates will likely be saved. If you happen to add sure indicators or draw trendlines on a selected chart, Apple (AAPL) for instance, these traces and indicator settings will keep. You possibly can enter that chart from any pc from anyplace, not simply in your pc anymore. Similar along with your watchlists. Make a listing for the highest Stocks you need to trade, make one other for market knowledge. All of those settings will likely be accessible whether or not you are touring or at a good friend’s home simply borrowing their pc.
The charts are clear and simple to see. A number of options can be found to customize the look of the chart by modifying the “price historical past” properties. Select from the usual plot types: Line Chart, OHLC (Open Excessive Low Shut) Bar Chart, HLC (Excessive Low Shut) Bar Chart, Candlestick Charts, Bar Charts, and Space Charts.
To cowl customers of all preferences, FreeStockCharts went overboard and offers a ton of how you may view the Stock’s chart and knowledge. I have not seen many charting software that means that you can see these a few of these lesser-used timeframes just like the 3-day chart or 7-day chart. The timeframe merely refers back to the period of time every bar or candle covers. For instance, a bar on a 3-day chart reveals the value vary of that Stock for Three days.
Intraday Time Frames: 1-minute chart (sure! for hyperactive day traders/scalpers!), 2-minute, 5-minute, 10-minute, 15-minute, 30-minute, and 1-hour. Everyday Time Frames: Every day, 2-day, 3-day, 4-day, Weekly, 6-day, 7-day, 8-day, 9-day, Month-to-month, Quarterly, and Yearly charts (for these traders who live eternally). While you transfer past simply 1 Stock on 1 timeframe, FreeStockCharts enable quite a lot of freedom to customize your workspace.
Instruments & Indicators
FreeStockCharts.com comes outfitted with a full assortment of 25 charting instruments and 68 of the commonest indicators. The primary factor that FreeStockCharts.com lacks in comparison with top-charting software is the power to code your personal indicators or set up proprietary indicators similar to John Particular person’s PPS indicator. If you wish to code your personal indicators, alerts, and Autotrader, you’ll have to trade as much as the likes of TradeStation, E-Signal, TD Ameritrade’s thinkorswim, NinjaTrader, or RealTick.
The essential instruments will let you navigate the chart and mark the chart on your personal reference: cross (see the value and indicator statistics), plain, pan, erase, textual content, ellipse, rectangles, and arrows. Technical Analysis instruments embody trend, Fibonacci arc, Fibonacci fan, Fibonacci retracement, Fibonacci time, Andrew’s pitchfork, error channels, Gann followers, horizontal traces, Quadrant traces, Raff regression channels, regression channels, regression traces, velocity line, Tirone ranges, and vertical traces.
You possibly can customize the indicator in keeping with every indicator’s specifics, but additionally the colour, interval, and positioning of the indicators. Significantly cool is the power to use sure indicators ON TOP of different indicators. For instance, you may apply moving averages to only about any indicator. Superior traders could discover that helpful in the event that they use moving averages to filter and manipulate the unique indicator one degree additional to search out the patterns they discover helpful. It’s wonderful FreeStockCharts allows you to export any and all knowledge displayed on the chart.
Watchlists and Information
For veteran customers of TeleChart 2007, you may know Worden’s in depth knowledge is not restricted to Stock costs but additionally firm monetary knowledge. FreeStockCharts, like TeleChart 2007, can construct customizable watchlists primarily based the Stock’s price, the value change, but additionally numerous company monetary knowledge similar to earnings, return on belongings (ROA), gross sales development, and many others. Earlier than you make your personal watchlist, try the numerous normal watchlists that include FreeStockCharts – they set up Stocks in nearly each approach you may consider. The information panel reveals you fixed updates of headlines associated to the Stock you are at present targeted on within the chart. Like a lite model of SkyGrid, this panel brings the information to you rather than you having to go to a number of information websites.