If you occasionally need to look up a few charts, then free online services may be all that you need as a reference tool. But if you are a frequent user -- say 15 minutes a day -- a more powerful, desktop application will save time and offer a wider array of tools.
How much do desktop applications cost?
Some software may set you back several thousand dollars. Others, like Incredible Charts, can be downloaded for free.
How can I tell which software will suit my needs?
Your needs are likely to evolve over time; so it is advisable not to spend a lot of money up front. Never purchase software without a free trial.
Does Incredible Charts offer a free trial?
The latest Incredible Charts 6.0 can be downloaded for free. You will also receive a 30-day free trial of our Premium data service.
Does Incredible Charts offer back-testing?
No. Back-testing is important if you are designing mechanical, rule-based trading systems, but not for traders who combine technical and fundamental analysis or who adopt a more flexible trading approach.
Do I need back-testing software?
Back-testing is a specialized area and seldom done properly. If you are not an expert, find someone who is and pay them, if need be, to test your systems. You will save both time and money.
What are the pitfalls when buying stock trading software?
Is it worth buying expensive software?
It depends on your needs.
Mechanical, rule-based systems developers will need to pay several thousand dollars.
Others will find free software, such as Incredible Charts, meets their needs and is a lot simpler to use.
Don't base your decision on the number of features offered. You will only use a handful of them.
What traps should I look out for when buying trading software?
Consider how much time are you prepared to devote to trading. Technical analysis is like golf -- it takes time to learn -- so don't expect instant results. You won't be playing off scratch after 12 months. Don't spend a lot of money on equipment until you are sure that it is right for you.
What does Incredible Charts offer?
What does Incredible Charts offer?
Incredible Charts started in Australia in 2001. Key features are:
Stock charting software
Proprietary indicators including the popular Twiggs® Money Flow and Twiggs® Momentum Oscillator developed by Colin Twiggs
Powerful stock screens for identifying trading opportunities
Data delivered online to save time-consuming downloads and database maintenance
Extensive trading education
Free Trading Diary newsletter offers macroeconomic and technical coverage of global markets.
How can I identify trading opportunities?
Use the powerful stock screens to find trading opportunities with trending, ranging or potential breakout stocks. See Getting Started with Stock Screens for a quick overview.
What indicators are included in Incredible Charts?
More than 100 indicators including:
Twiggs® Money Flow highlights buying and selling pressure
Closing line, Candlestick, OHLC, Heikin-Ashi Candles, Equivolume and Point & Figure charts are available.
What chart intervals are available?
Chart intervals range from 1 minute to 1 year. They are derived from the three available data-sets:
Days >> Daily to Annual
Hours >> 1 to 6 Hours
Minutes >> 1 to 30 Minutes
To change the chart interval use the drop-down menu on the toolbar or go to View >> Chart Interval on the main menu.
Can I save notes to a chart?
Notes, captions, arrow markers, trendlines and trend channels are automatically saved in the open project. You can keep and customize several projects with different trading systems or studies if needed.
Does Incredible Charts supply data?
Does Incredible Charts offer data?
Incredible Charts offers an online data feed with the software.
What is the data coverage?
Incredible Charts provides data for
NASDAQ, NYSE and NYSE Markets
ASX
LSE
TSX and TSX Venture exchanges
Forex and Precious Metals
World indices
Is your data compatible with other software?
We are only licensed to display data, not to distribute it.
Our data is only compatible with Incredible Charts software. You cannot export data from Incredible Charts for use in other charting software.
Can I import data?
You can import data from files on your computer if they are in the correct format.
