Suggestion for buying technical analysis software for online trading in Nifty

[Sushant171084]

Hello community members,

This is Sushant. I am an MBA graduate specialized in finance.I have started taking interest in online share trading lately and wondering which could be the best software to learn it in details before I start. Kindly advise on this.

Regards,

Sushant

 

[boarders]

AmiBroker software

 

[vu22rps]

Amibroker I suggest.

 

[manojborle]

I find Amibroker very useful

 

[yashodhan]

Hello community members,

This is Sushant. I am an MBA graduate specialized in finance.I have started taking interest in online share trading lately and wondering which could be the best software to learn it in details before I start. Kindly advise on this.

Regards,

Sushant

No need to pay, try "tradetiger" from sharekhan. Though, their brokerage charges are on the higher side. It shows very credible resistance and support levels too.

Yashodhan

 

[DSM]

Agree here. Trade Tiger has more than 20 indicators that can be customised as per one's preferences. Also, it is live, so the charts change as per tick. Definitely worth a look.

No need to pay, try "tradetiger" from sharekhan. Though, their brokerage charges are on the higher side. It shows very credible resistance and support levels too.

Yashodhan

 

[MANISH_DAMANI]

Agree here. Trade Tiger has more than 20 indicators that can be customised as per one's preferences. Also, it is live, so the charts change as per tick. Definitely worth a look.

For newbies is ok. But something more is required which only come from paid till now.Their stochastic I think is worthless. :thumb:

 

[DSM]

Thanks for your input sir. I basically dont use the Stochastic indicator, however checked it out, it is customizable. Any reason you find it is different from indicators on other platforms.? Or are there additional settings that SK Stochastics does not have.? Please clarify.

I have used Metastock paid software for 3 years, but found SK/ChartNexus (both free) good enough for me so discontinuted the data service of Metastock (Rs.10,000 per year)

Also, checked out Advanced GET, but it did not suit my style of trading. However willing to check out any paid charting software if good. Though in my view trade basis price action and using SMA's is good enough.

For newbies is ok. But something more is required which only come from paid till now.Their stochastic I think is worthless. :thumb:

 

[MANISH_DAMANI]

Thanks for your input sir. I basically dont use the Stochastic indicator, however checked it out, it is customizable. Any reason you find it is different from indicators on other platforms.? Or are there additional settings that SK Stochastics does not have.? Please clarify.

I have used Metastock paid software for 3 years, but found SK/ChartNexus (both free) good enough for me so discontinuted the data service of Metastock (Rs.10,000 per year)

Also, checked out Advanced GET, but it did not suit my style of trading. However willing to check out any paid charting software if good. Though in my view trade basis price action and using SMA's is good enough.

Sir then no probs. But I use stochastic- %k-5 %d-3 and period 14 period. But I dont found it satisfactory in TT and MT4 too as in amibroker and other charts I am using. But if you are satisfied then no necessity to take tention.:thumb:

 

[Einstein]

Top Softwares for Stock trading.

MetaStock
AmiBroker
Trade Station.
Advanced Get
Ensignal
NinjaTrader
ELWAVE
Viper speed trader.
Iris.


Top Data Provider

eSignal, Interactive Brokers, IQFeed, myTrack, FastTrack,
QP2, TC2000, any DDE compliant feed, MS and more.



Best Indicator for Technical Analysis.

ADX - Average Directional Index
ATR - Average True Range
CCI - Commodity Channel Index
Chaikin Money FLow
Slow/Fast Stochastic

MACD
MFI - Money Flow Index
ROC - Rate of Change
RSI - Relative Strengh Index
RVI - Relative Vigor Index

TRIC
Volume
William %R, %k