Best Charting Software?

[T441]

J Medved thanks for replying. I’m familiar with that setup just done it for SC and its identical.....so in terms of level 1 data would you be confident in saying I could trade off a Medved chart thru IB api and not have any issues with orders and fills, just buy and sell limits and stop limits, and the occasional ‘close position ‘. If I entered a trade via IB Booktrader would it correctly display on a Medved chart? If I’d entered a trade via a Medved chart could I close it within TWS?
Cheers T

 

[ZBZB]

There is a desktop version of TradingView if you don’t want something browser based. The library of user written code is very large and easy to modify.

www.TradingView.com/desktop

Mac as well as PC desktop versions.

 

[j_medved]

so in terms of level 1 data would you be confident in saying I could trade off a Medved chart thru IB api and not have any issues with orders and fills, just buy and sell limits and stop limits, and the occasional ‘close position ‘. If I entered a trade via IB Booktrader would it correctly display on a Medved chart?

Yes, that should not be a problem. Orders placed via MT will be visible in TWS and vice versa. The issues start to come in when you start placing orders via multiple API connected apps. Each one can only see its own orders (sort of), which creates all kinds of issues. As long as you are only placing trades via TWS and MT, then shouldn't be any issues.

 

[Sprout]

Mac as well as PC desktop versions.

They just keep developing non-stop, super impressed with it.

The Black Friday deals are the best time to extend those subscriptions.

 

[timtrader]

I was using it 15 years ago .. you can't build custom studies and apply them to your position, chart and portfolio.

You're probably thinking of their original QuoteTracker Product. Medved Trader was written from scratch about 7 years ago, and does have some of the look and feel of QuoteTracker, but is MUCH more modernized and fine tuned. You'd have to ask Mike and/or Jerry regarding what you want to see regarding custom studies. There's a great deal you can do with their PaintBars, including plotting the results on a chart as well as placing the values into a portfolio.

 

[TradeTune]

If I don't plan on trading with trade station, Wouldn't it make more sense to open an account with $500 and be inactive vs the subscription for trade station which is $100 a month? It looks like both options give access to tradestation unless I am missing something

I clearly expained before. You can open brokerage account but you don't have to trade and you will pay NOTHING for any plateforms fees, if you put yourself under $5 commsion plan. By end of 1 year, you just pay $50 one time only (only you will pay for data if you want to see future, options, or stock level II , Total Veiw ....etc but basic data is $10 which i use myself all i need to trade US stock market). So basically Tradestation Can be FREE , you have to undertand the different plans they have.

 

[TradeTune]

You couldn't have used Medved Trader 15 years ago, it didn't exist back then.

And yes, in MT you can build custom studies, in C#, and apply them to charts (as paintbars) and to portfolios (as scans). Not sure what applying a custom study to a position means.

Crap Talk . It was called Quotetracker and i was using it with Datek, which was purchased with TD ameritrade. And how many people wants to learn C# for sake of being to trade or invest !

 

[T441]

J Medved, thanks again sounds like MT would work for me.

 

[terr]

Crap Talk . It was called Quotetracker and i was using it with Datek, which was purchased with TD ameritrade. And how many people wants to learn C# for sake of being to trade or invest !

Alright, so you're basing your opinion of Medved Trader on using a different application 15 years ago.

 

[wpost]

Crap Talk . It was called Quotetracker and i was using it with Datek, which was purchased with TD ameritrade. And how many people wants to learn C# for sake of being to trade or invest !

Software is very dynamic. Time to update your 15 year old operating system from Windows XP and try some current apps. Most trading apps have extensive built in features. As for Medved Trader, C# is used for writing custom advanced algorithms. Most traders are not successful with "buy if the price is above the moving average", so sometimes it's necessary to start with a simple, and many are much more than that, built in algorithm and then add something custom. As I mentioned in my original post, you need an open and curious attitude. I started simple with MT and in a little time, and some great customer support, I found I had written hundreds of lines of code to do just what I thought would make my trading profitable. The uninformed world has said some really bad things about traders, we need to support each other, not trash companies trying to support us.