Share charting software

[Nick928]

Bit of a left field question for PistonHeads but does anyone have any recommendations for charting software (free or paid).
I tend to scan through all FTSE, DJIA & SP500 shares quiet quickly to check technicals.
Tradeview and Investing.com are okay if you’re looking at a particular share but not so for scanning through all companies in quick succession to find patterns.
Only looking for end of day update, doesn’t have to be live.
My current software sub has ended so weighing up options as to what’s about.
Thanks.

[nyt]

I use iii.co.uk - https://www.ii.co.uk/shares/lloyds-banking-group/L...

I have a spreadsheet with direct links to the equities that I'm interested so I can just press a button and go straight to the relevant iii page. Saves a lot of time.

The stock exchange page shows basic moving averages:

https://www.londonstockexchange.com/exchange/price...

[twinturboz]

Try giving NinjaTrader a go, they do Eod data for free.

[Nick928]

Do either of these allow cycling through the list of companies and sectors with a single button push?

I know that sounds lazy but it means you can scan through all shares really quickly.

[nyt]

Nick928 said:

Do either of these allow cycling through the list of companies and sectors with a single button push?

I know that sounds lazy but it means you can scan through all shares really quickly.

My s/sheet has a button for each instrument so that I can quickly drill down.
It would be simple enough to write a macro to cycle through each holding I guess

Just use 'Insert' / 'Hyperlink' to do a simple link

Edited by nyt on Sunday 17th February 08:45

[Derek Chevalier]

Nick928 said:

I tend to scan through all FTSE, DJIA & SP500 shares quiet quickly to check technicals.

Thanks.

I'd love to see some evidence of charting working in the modern day era of stat arb hedge funds with their army of egg heads and enormous computing power.

[sideways sid]

Try www.finviz.com for US shares.

[xeny]

Derek Chevalier said:

I'd love to see some evidence of charting working in the modern day era of stat arb hedge funds with their army of egg heads and enormous computing power.

Not quite what you're asking for, but https://www.bloomberg.com/opinion/articles/2019-02... is about a report that lists trend following as the best "factor". Trend following is a colossal oversimplification of charting, but they're at least related.

[Derek Chevalier]

xeny said:

Derek Chevalier said:

I'd love to see some evidence of charting working in the modern day era of stat arb hedge funds with their army of egg heads and enormous computing power.

Not quite what you're asking for, but https://www.bloomberg.com/opinion/articles/2019-02... is about a report that lists trend following as the best "factor". Trend following is a colossal oversimplification of charting, but they're at least related.

The momentum factor does exist but unfortunately very hard to implement profitably due to trading costs.

https://www.institutionalinvestor.com/article/b1bx...

[millen]

www.incrediblecharts.com is an Australian service that gives free end of day UK prices after 7.00 pm I believe. A modest subscription brings you live prices in multiple markets. You can set up a watchlist (perhaps limited to 30?) and then scroll through stocks one mouse click at a time - I don't think there's an auto-scroll function (and personally I'd find that frustrating as by the time I'd spotted something of interest it would have moved on to the next stock). Colin Twiggs (the owner) also sends interesting market update emails each Saturday. I sense the Australians are perhaps a bit more attuned to what's going on in world markets generally, given the their domestic market is limited.

www.updata.co.uk is a sophisticated semi-professional package that from memory had an auto-scroll function along with various pattern scanning options. It's some years since I subscribed though and it wasn't cheap. Possibly Sharescope (now Sharepad) also, though I never subscribed.

On Derek's points, I've never engaged with purist technical analysis, even though I've read many trading books over the years. I sense a lot of investors are primarily fundamental but use elements of TA to help time entries and exits. Eg respecting support and resistance and generally holding off from buying into a confirmed downtrend (though as the saying goes, a trend is a trend until it comes to an end!). But more esoteric TA, eg Fibonacci, wave counting... I've never been persuaded by. I just don't see any common sense underlying logic (other than that other traders may be using the same techniques). Another sensible tip from a bright young Chinese trader I once knew - if you study and get to know a particular instrument over time you'll develop a better feel for how the price action reacts to events such as earnings announcements and slant the odds in your favour . Potentially more successful than scanning a long list of stocks you know nothing about and jumping in when you see a particular pattern appear. And I think all the traders who survive agree that money management is more important than 'being right'. Like so many things in life, don't they say it takes 10,000 hours of study to become moderately competent