Top 10 Best Stock Market Trading Analysis Software 2021 Review

Top 10 Best Stock Market Trading Analysis Software 2021 Review

Welcome to the most detailed Stock Trading Platforms Review on the planet. I have been trading and investing for 21 years as a professionally certified market analyst. I compare & test over 1200 different features & functions across 30 products.

Why?  So you can choose the very best package available to suit your investing style and budget.

Top 10 Best Stock Market Trading & Analysis Software Platforms

The Best Stock Trading Software Platforms Summary

The best stock trading software platform depends on your needs. Traders need good chart analysis, real-time news & technical market scanning. Investors need stock software for financial screening, research & portfolio management.

Top 10 Best Stock Analysis Software Platform Winners

1. TradingView: Overall Best Stock Trading Platform & Community

Recommended for all international Stock, Forex & Crypto Markets. For traders who value a great price, insanely good chart analysis & backtesting with a huge social community. TradingView is an easy to use yet powerful platform.

Price: $0 – $50/m Pros
Trade Commissions: See Broker Social First, Chat, Publish, Follow
Rating  Great Backtesting
Easy to use, perfect for beginners
Cryptocurrency, Forex, Stocks USA & Globally
Great Stock Screening
Try TradingView Free Now Cons
No Real-time News

 

There is no doubt about it, TradingView has stormed into the review winners section and is holding its place as number 1 overall. I love TradingView and use it every day; I post charts, ideas, and analysis regularly and chat with other traders.

TradingView Pricing & Software

You can have TradingView for free, and it is a review winner for our Best Free Charting Software Review.  However, there are limitations.  I would recommend going for the PRO+ at $19 per month or the Premium at $39 per month; the benefits are extensive, including priority customer support and unlimited everything.

TradingView – Winner Best Overall Trading Platform

Also, a huge benefit is that the data speed and coverage are mind-blowing, covering literally every stock market on the planet and not just stocks but ETF’s, mutual funds, futures, forex, bonds & cryptocurrencies AT NO EXTRA COST.

TradingView Software Download for PC & Mac

TradingView is an HTML 5 application that runs in the cloud.  This means you do not need to download any software for the PC or Mac. When you launch TradingView, the HTML 5 code downloads to your PC browser automatically, and it simply works. You can quickly start TradingView in a browser by clicking this link. Launch TradingView Charts.

Trading with TradingView

With TradingView in the USA, you get great broker integration with TradeStation for Stocks and Forex.com (A Great Currency Broker for US Clients). In Europe, you have integration FXCM and Saxo Group for currency and CFD trading. You can place trades directly from charts, and it will take care of profit & loss reporting and analysis for you.  The only thing it does not cover is Stock Options trading. I expect the major global discount brokers soon to be available.

Stock Scanning & Screening

TradingView hit the mark on real-time scanning and filtering.  The list of fundamentals you can scan & filter on is genuinely huge.  Any idea you have based on technicals will be covered.  They even have insane amounts of economic data like Federal Funds Rates and World Economic Growth, thanks to a connection to the QUANDL database.

Moving Averages Ribbon Beautifully Implemented In TradingView

TradingView Social Community Trading Platform

As soon as you connect to TradingView, you realize this is also developed for the community.  You can look at community ideas, post your charts and ideas, and join limitless numbers of groups covering everything from Bonds to Cryptocurrencies. This makes for an excellent way to generate ideas or learn from other traders.  You have to try it and see it in action to understand the power of the implementation.

I use TradingView all the time; you can follow me on TradingView.

The news feeds are fully integrated, including Kiplinger, DailyFX, Futures Magazine, FXStreet, and StockTwits.  Add that to the social network, and you have a great solution.

TradingView is the King of Social with the biggest and best community.

TradingView Technical Analysis

With over 160 different indicators, and unique specialty charts such as LineBreak Charts, Kagi Charts, Heikin Ashi Charts, Point & Figure Charts, and Renko Charts, you have everything you will need as an advanced trader.  With the Premium membership, you also get Level II insight, fully integrated. Did I mention the charts are fast and beautiful?

TradingView: Insanely Beautiful Charts, with a massive selection of indicators. This Chart Feature Moon phase and Darvas Boxes

I was incredibly impressed with the offering of Kagi, Heikin Ashi, and Renko Charts, including Point & Figure and Line Break. Also, the user community has developed indicators as exotic as Moon Phase and Ribbon Charts.

With this selection of charts, you have everything you will need as an advanced trader.  Plus, with the Premium membership, you also get Level II insight, fully integrated.  Well done, TradingView.

TradingView Backtesting & Auto-Trading 

Good but not perfect.   TradingView has an active community of people developing and selling stock analysis systems, and you can create and sell your own with the Premium-level service.  Also, there are a vast number of indicators and systems from the community for free. The only thing you cannot do is forecast and implement Robotic Trading Automation.  For forecasting, you are better off with MetaStock.

TradingView has an active community of people developing and selling stock analysis systems, and you can create and sell your own with the Premium-level service.  Also, there are a considerable number of indicators and systems from the community for free.

They have implemented backtesting effortlessly and intuitively.  In the image below, I have implemented an in-built strategy called “Slow Stochastics,” which initiates a trade when the stochastics indicators are oversold and sells when stochastics is overbought.

Excellent Backtesting Strategies With TradingView

I like that in a few clicks [Strategy Tester -> Add Strategy], you have results.  You can also tweak the strategy parameters, as you can see above, and observe the results.  Reporting is good, and the tabs show you the profit performance of the strategy.

TradingView Backtesting Reporting:

  • Net Profit
  • Drawdown
  • Buy & Hold Return
  • % Profitable Trades
  • Number of Trades
  • Charts on trade performance, and much more.

I have even implemented my Stock Market Crash Detector strategy into TradingView. I am not a developer, but the Pine Script language is so easy anyone can do it.

Market Replay

TradingView also has a market replay functionality that enables you to play through the timeline and shows you the chart scrolling and the trades executed; it is simple and powerful to use.  All buy and sell orders are drawn on the chart and highlighted.  All in all, a great package, and the backtesting is actually included in the free version.

The only things you cannot do are forecast and implement Robotic Trading Automation, but that is typically what broker integrated back-testing tools perform.

TradingView Usability

Within 1 minute, I was up and running TradingView, no credit card, no installation, and no configuring data feeds; it is literally ready to go because TradingView works with a single click.

*If you register for TradingView, let me know by connecting to me: “liberatedstocktrader” on TradingView & I will send you the Liberated Stock Trader Crash Detector Training Course & Book worth $49 for free.

2. Trade Ideas: Winner Best AI Stock Prediction Software

Recommended for Day Traders wanting A.I. driven trading signals. Trade Ideas provides actual buy & sell signals for trades by performing millions of backtests per day on 70+ strategies. The Holly A.I. platform has an audited track record of beating the market.

Price: $118 – $228/m Pros
Trade Commissions: IB 3 A.I. Trading Algorithms That Beat the Market
Rating  Fully Automated Backtesting
Special Deal: Use Code “Liberated” for a 15% Discount Exceptional Stock Scanning
Specific Audited Trade Signals
Auto-trading With AI Signals
Cons
Try Trade Ideas Free Now User Interface

Trade Ideas is a powerful stock market scanning and artificial intelligence-powered trading ideas generation platform. Despite a clunky user interface, the real power lies underneath with 30 channels of trading ideas & 3 AI systems pinpointing trading signals for day traders. Trade Ideas promises and delivers the nirvana of market-beating returns.

Trade Ideas Pricing

While Trade Ideas is clearly the most expensive software in this review, that is for a reason.

Trade Ideas, unlike any other software, does all the work for you providing you specific market beating AI trading Signals, to help you make regular profits.

Trade Ideas Review Winner – Best AI Trading Software for Automated Stock Trading

Trade Ideas Standard costs $118 per month, or you can save $348 by going for an annual subscription costing $1068, a 25% discount. For this investment, you get:

  • Live Trading Room – Full access to the live trading room.
  • Real-time Streaming Trade Ideas – Scanner providing access to 40 pre-configured scans.
  • Simultaneous Charts – The ability to have 10 chart windows open.
  • Chart Based Visual Trade Assistant – The ability to trade directly from charts.
  • Up to 500 Price Alerts – Price alerts to notify you when a stock meets your criteria.
  • Channel Bar Curated Workspaces – Access to 30+ channels of ideas.

Trade Ideas Premium costs significantly more than Standard costing $228 per month, or you can save $468 by going for an annual subscription costing $2268. For this extra cash, you get access to everything above, but also the robust backtesting and the Holly Artificial Intelligence System. Features include:

  • A.I. Virtual Trading Analyst Holly – 4 different constantly evolving A.I. algorithms
  • Chart Based A.I. Trade Assistance & Entry and Exit Signals
  • Risk Assessment – Detailed information on the backtested performance of the recommended trade.
  • Build and Backtest any Trade Idea – Extremely powerful point & click backtesting system.
  • Autotrade w/ Brokerage Plus and A.I. – Advanced auto trading using Interactive Brokers.

The Trade Ideas Platform

To be honest, when you first open Trade Ideas on your desktop, the software feels extremely clunky and not very user friendly. Every pane in the screenshot below is actually its own separate individual window, so if you want to resize the view, you need to resize all 8 windows. This seems such a hassle initially and seems to hark back to the age of Windows 98.

But, there is a good reason for this design. Like I, if you operate multiple monitors and large screens, you have endless flexibility and window configuration options.  Also, even though they are fully separate windows, they can be linked and unlinked together to provide a fluid experience.

Trade Ideas Platform, Channels & Charts

So although it is clunky and some of the most important functions are hidden behind right-click menu’s in certain windows, you start to get used to the design after a few hours.

Stock Scanning & Screening 

At the heart of the platform is the Trade Ideas scanner system, and it is absolutely unique. By clicking New -> Alerts, you get access to the Alert Config Window, which gives you immediate access to over 40 different trading scans. In the screenshot below, you can see all the in-built scans categorized into Bullish, Bearish, or Neutral. Depending on the overall market direction, you can easily select a potential strategy for the day.

The Excellent Trade Ideas Scanner & Strategy Engine

One scan I find particularly impressive and innovative is the “Unusual Social Mentions Scan.” The Trade Ideas AI engine is constantly scanning StockTwits for surges in mentions of particular stocks, so if you click load settings, you will be immediately presented with a list of stocks spiking on social media.

Is Trade Ideas AI Profitable?

Trade Ideas’ performance is available on their website, and it is quite impressive, averaging 23% to 33% per year. But to judge the performance of any system, we have to compare it to the underlying benchmark’s performance. In this case, I compare $50,000 investing in the S&P 500 versus day trading with Trade Ideas.

AI Performance Start Capital Jan 2019 End Capital Oct 2020 Period Profit Profit Per Year
Holly Grail (AI)  $50,000.00  $71,186.00 42% 23%
Holly 2.0  $50,000.00  $80,510.00 61% 33%
Holly Neo  $50,000.00  $71,186.00 42% 23%
S&P 500  $50,000.00  $66,000.00 32% 17%

 

As you can see, Holly has out-performed the S&P 500 since 2019.  Interestingly Holly did not suffer the huge losses incurred in the S&P 500 during the Corona Crash from March to April 2020.

Technical Analysis 

The one area in which I felt let down was the ability to perform my own technical analysis. Most technical analysis software, backtesting, and charting platforms offer at least 50 different technical analysis tools. Trade Ideas does not play that game. With TI, you simply 5 stock chart indicators, volume, moving averages, VWAP, and trendlines.

This is largely because Trade Ideas does all the work for you.  If you want to perform a detailed technical analysis, Trade Ideas is not for you.

Trade Ideas Backtesting & Automated Stock Trading 

The Trade Ideas platform has a potent back-testing system that is easy to use, but you do not need to have any programming knowledge.  A point and click backtesting system is rare in this industry; the only good software with this capability is TrendSpider. I have run many backtests with Trade Ideas, but the one I wanted to focus on was a backtest of the “Unusual Social Mentions Scan.”  This is a good test of the wisdom of crowds.

Trade Ideas – OddsMaker Backtesting The Social Mentions Strategy

The most amazing thing of all is that you can set Holly AI to auto-trade for you through Interactive Brokers.

Is Trade Ideas Easy to Use?

Trade Ideas takes time to learn; I would estimate at least 4 days of effort, perhaps longer. The great thing is, you will get a personal training session when you sign up. If you aspire to be an active, profitable day trader, this package is well worth it, as all the hard work is done for you every day.  I am thrilled to partner with Trade Ideas because they bring a unique and extremely powerful service to retail stock traders.

Trade Ideas Discount Coupon Code

As a partner of Trade Ideas, I requested a discount for all our readers. Use the discount code “Liberated” to get 15% off your first purchase, worth $340 when going for the premium service.

3. Stock Rover: Winner Best Stock Analysis & Research Software for Investors

Best for USA & Canada Value, Dividend & Growth investors. Stock Rover is the leading financial analysis stock research & screening software. It enables easy implementation of nearly every investing strategy & connects to your broker for portfolio mgt.

Price: Free – $27/m Pros
Trade Commissions: N/A Huge Selection of Fundamental & Financial Scanning Criteria
Rating  Incredible Stock Scoring Systems Allow You To Find Perfect Matches For Your Portfolio
Unique 10 Year Historical Fundamentals Data
Warren Buffett & Value Screeners & Portfolios Fully Integrated
The Best Usability & Setup
Get Stock Rover Free Now Cons
No Social Community

 

It is awe-inspiring that Stock Rover has stormed into the review winners section on its first try.  It is also the outright winner in our Best Stock Screener Review.

I now actively use Stock Rover every day to find the undiscovered gems that form the foundations of my long-term investments.  Using Stock Rover, I have created multiple screening strategies for dividends and value investing that I cannot live without now.

I do not say this lightly. If you are a US Investor, Stock Rover is the best & only software you ever need.

Stock Rover Best Stock Software For Growth, Income & Value Investors

Stock Rover Pricing

You can have Stock Rover for free; however, the real power of Stock Rover is unleashed with the Premium Plus service.  Moreover, their top tier of service is not even expensive compared to the competition.  I strongly recommend going for the Stock Rover Premium Plus at $27.99 per month.  Why?  Because having used the service extensively, I cannot live without the unlimited stock ratings, analyst ratings scoring, and the incredible Value Screening and margin of safety scoring.

Stock Rover Platform

Stock Rover runs on PC, Mac, Tablets, and Smartphones and requires zero installation; it simply works.  The market data, scoring, ranking, and analysis are for the USA & Canadian markets only.

  • Zero client installation; very quick to setup
  • Zero data downloads and data management required on the local client device
  • Cross-device compatibility (PC, Mac, Tablet, Smartphone)

Stock Rover has the best implementation of stock screening on a cloud-based architecture on the market.

Stock Rover Portfolio Management

With Stock Rover, you get integration with every major broker, including our review winning brokers, Firstrade and Interactive Brokers. You cannot place trades from charts, but it will take care of profit & loss reporting on your portfolio and provide portfolio rebalancing recommendations. Including income (dividend) reporting and scoring is a unique package.

What Does Stock Rover Do Best?

  • Real-time Stock Research Reports
  • Excellent Stock Screening with 10 Year Historical Financials
  • Portfolio Management, Reporting & Rebalancing
  • Portfolio Performance Reporting

Stock Rover is not for day traders; it is for longer-term investors that want to maximize their portfolio income and take advantage of compounding and margin of safety to manage a safe and secure portfolio.

Fundamental Stock & ETF Screening

Another perfect 10 for Stock Rover as they hit the mark on company stock scanning, filtering, and fundamental watchlist. The list of fundamentals you can scan & filter on is genuinely huge.  Any idea you have based on financials will be covered with over 600 data points and exclusive stock scoring systems.

Watchlists have fundamentals broken into Analyst Estimates, Valuation, Dividends, Margin, Profitability, Overall Score, and Stock Rover Ratings.  You can even set the watchlist and filters to refresh every single minute if you wish.

The team over at Stock Rover has implemented some great functionality; I particularly like the roll-up view for all the scores and ratings.  Here I have imported the Warren Buffett portfolio, which includes his top 25 holdings.  I have also selected the “Stock Rover Ratings” tab.  This “Stock Rover Ratings” tab rolls up all analysis into a simple to view ranking system, saving a vast amount of time and effort whilst providing a wealth of insight.

Powerful Pre-Built Screeners Integrated into Stock Rover

Stock Rover already has over 150 pre-built screeners that you can import and use.  You need to have the Premium Plus service to take advantage of this, I have reviewed many of them, and they are very thoughtfully built.  One of my favorites is the Buffettology screener.

Stock Rover Stock Rating Engine Helps You Find Great Stocks To Invest In

Stock Rover Warren Buffet Screener & Ratings. This screener is based on criteria described in the bestselling Buffettology book. The company should have a 10-year track record of generally increasing EPS with no negative earnings years; long-term debt, not more than five times annual earnings; average ROE over the past ten years at least 15%, average ROIC over the last ten years at least 12%, and earnings yield should be higher than the long term Treasury yield. Here is another screener that I really like.  If you select any screener, in this case, I chose the “Strong Buys Screener” the Fair Value Screener and simply selected the “Fair Value” tab; I was rewarded with arguably the killer features of Stock Rover.  The Fair Value and Margin of Safety analysis and rankings.  These analysis factors are a nightmare to calculate yourself manually, and it could be said, warrant the investment in Stock Rover all by themselves. Read more about setting up your Warren Buffett stock screener with StockRover.

Stock Rover Research & Stock Ratings

The team over at Stock Rover has implemented some great functionality; I particularly like the roll-up view for all the scores and ratings.  Here I have imported the Warren Buffett portfolio, which includes his top 25 holdings.  I have also selected the “Stock Rover Ratings” tab.  This “Stock Rover Ratings” tab rolls up all analysis into a simple to view ranking system, saving a vast amount of time and effort whilst providing a wealth of insight.

Stock Rover Simply The Best Stock Screener. The Warren Buffet Scan

Stock Rover already has over 150 pre-built screeners that you can import and use.  You need to have the Premium Plus service to take advantage of this, I have reviewed many of them, and they are very thoughtfully built.  One of my favorites is the Buffettology screener.

News & Social Media Integration

Stock Rover pulls in information from Yahoo Finance and Benzinga News.  The news feeds are not real-time, but they are useful.  If it is a priority for you, you can subscribe to Benzinga News separately.  When it comes to the social chat and community, there is no perceivable service within Stock Rover.

Stock Charting & Technical Analysis

Looking at stock charts with Stock Rover is different from all the other software vendors on the market.  Whereas MetaStock & TradingView focus on hundreds of technical analysis (price/volume) indicators, Stock Rover focuses on charting the fundamental financial strength indicators.

With over 154 different financial indicators and only nine technical analysis indicators, Stock Rover is not the best service for technical analysis or frequent trading. Still, it is by far the complete package for fundamental income, growth, and value investors.  So, although this section is for technical analysis, they are so good with charting fundamentals.

Stock Rover Backtesting

Again, we have to think of Stock Rover differently from other stock charting analysis packages.  Stock Rover provides ten years of backdated financial information and scanning possibilities, better than all other stock screening package.

Liberated Stock Trader Beat the Market Screener Exclusively on Stock Rover

Breaking news on May 26, 2020. I have finished work on a Stock Screener that has outperformed the S&P 500 by 50% over the last seven years. I used Stock Rover’s excellent backtesting and historical database to achieve this.

This Liberated Stock Trader Beat the Market Screener (LST BTM) is built into the Stock Rover library and is available to all Stock Rover Premium Plus Subscribers.

Is Stock Rover Easy to Use?

Within 15 minutes, I was using Stock Rover, no installation required, and no configuring data feeds; it was literally just there.  Even better is the fact it there are so many curated screeners and portfolios to import and use; you are instantly productive. It is quite a feat that it is easy to use, considering Stock Rover has so many powerful scoring and analysis systems.

Stock Rover Summary

Stock Rover wins our Stock Market Software review by providing the best software for value and income investors. A 10-year financials & fundamentals historical library plus incredible scanners including all of Warren Buffett & Ben Graham’s favorite criteria. Fair Value, Margin of Safety, and so much more.  If you are a long-term investor, this is the software for you.

*If you register for Stock Rover, contact me and let me know your username & I will send you the Liberated Stock Trader Crash Detector Training Course & Book worth $49 for free, and you also get the “Beat the Market Screener” with Stock Rover Premium Plus.

4. MetaStock: Winner Best Stock Analysis Forecasting & Backtesting Software

Recommended for stock traders who need excellent real-time news, access to a huge stock systems marketplace, and the best technical stock chart analysis. All international exchanges are covered & backed up with excellent customer services.

Price: $69 – $99/m Pros
Trade Commissions: N/A The Best Charts & Indicators Selection
Rating  The Best System Backtesting
Special Deal: 3 Months for the price of 1 Real-time News from Reuters (with Refinitiv)
All International Stock Exchanges
Cons
PC Only/No Mobile App
Visit MetaStock No Broker Integration

 

The latest release of Metastock is a big hit with improvements across the board. Considerable advances in scanning, backtesting, and forecasting make this one of the best offerings on the market.

MetaStock Pricing and Software

MetaStock is one of the biggest fish in the sea of stock market analysis software.  Backed up by the mighty Thomson Reuters, you can expect excellent fast global data coverage and broad market coverage, including equities, futures, forex, ETF’s and options.

MetaStock by itself starts at $69 per month, which unlocks the end-of-day data package. As you will see, that is an excellent combination of award-winning technical analysis and expert advisors for system backtesting, forecasting, and analysis.

MetaStock – Winner Best Backtesting, System Trading & Analysis Platform

MetaStock is designed only for the PC but can be run on Mac with PC emulation software.  You will need to download and install MetaStock and configure your specific data feeds for the markets you want to trade.  So the software installation is not as slick and quick as competitors, but the package is potent because it enables you to configure different data providers, like your broker, for example.

MetaStock Live Trading

MetaStock does provide limited broker integration, but the execution of trades from charts and live integrated profit and loss analysis of your live portfolio is limited.

MetaStock Scanning & Screening

Using MetaStock Refinitiv, you can see a really in-depth analysis of company fundamentals from debt structure to top ten investors, including level II.  Excellent watch lists featuring company financials and powerful scanning of the markets warrant a perfect score.

MetaStock Real-time News Score 

MetaStock’s Refinitiv integration means you get institutional quality real-time news, analysis, research, and economic outlooks.  This is the fastest global news service available on the market, including translations into all major languages.

MetaStock Technical Chart Analysis 

MetaStock has over 350 stock chart indicators, the broadest selection of technical analysis tools on the market today. MetaStock is the clear leader in pure technical analysis of stock charts, which includes Point & Figure and Market Profile Charts.

Add to this, innovations such as Foreign Exchange (Forex) forecasting based on market sentiment, which is an absolutely exceptional feature. 

 

MetaStock Systems & Backtesting

Another area where MetaStock excels is what they call the expert advisors.  MetaStock harnesses many inbuilt systems that will help you, as a beginner or intermediate trader, understand and profit from technical analysis patterns and well-researched systems.  This is really a key area of advantage.  The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.

MetaStock harnesses many inbuilt systems that will help you, as a beginner or intermediate trader, understand and profit from technical analysis patterns and well-researched systems.  You can even use artificial intelligence like functionality to test a set of variables within your backtesting.  For example, you could test if price moves above the moving average 10,11,12,14,16,18 or 20 in a single test to see which of the moving averages best work with that stock.

MetaStock Forecaster Capability

The most significant addition to the MetaStock arsenal is the forecasting functionality, which sets it apart from the crowd.  By selecting Forecaster from the power console, you can simply choose one or more stocks, ETF’s or Forex pairs and click forecast.

The Powerful MetaStock Forecasting Tool

You are then presented with an interactive report which enables you to scan through the many predictive recognizers which help you understand the basis for the prediction and the methodology.

Is MetaStock Easy to Use?

MetaStock still has the feel of a collection of separately developed applications that require user’s education to make them work together.  However, the vast selection of automated “expert advisors” you can deploy on the range of stocks in your purview makes MetaStock well worth the investment.

 

5. TrendSpider: Winner Best Automated Stock Chart Analysis Software

Best for all traders seeking cutting edge AI software that automates technical chart analysis, trendline & pattern recognition. TrendSpider has robust system backtesting, automated Fibonacci & Candlestick recognition covering Stocks, ETFs, Fx & Crypto Markets.

Price: $27 -$69 Pros
Trade Commissions: N/A Automated Trendline & Fibonacci Detection
Rating  Automatic Multi-Timeframe Analysis
Code Free Backtesting
Real-time Data Included
Stocks, ETFs, Fx, Crypto, Futures
Cons
Free 7 Day Trial No Auto Trading (Yet)
No Social

The TrendSpider team is innovating at breakneck speed, and the features they are innovating are unique to the industry with trendline automation, pattern recognition, and multi-timeframe analysis.

TrendSpider Pricing and Software

TrendSpider has an excellent price point starting at $27 per month, which includes real-time data. The Elite Trader Plan is $37.25 per month, has everything the PRO plan has, and includes after-hours and pre-market data, OTC, Forex, and Futures data.  On top of that, you get 20 Dynamic Alerts.

TrendSpider – Automating Stock Chart Analysis

They have also expanded to cover Forex, Crypto, ETFs, and Futures, which means you can apply the stunning Auto Trend-lines and Multi Time-Frame Analysis on many different markets.

The platform is built on HTML 5 and needs Zero installation and Zero data feed configuration.  The system runs on all platforms, from smartphones to PCs.

Automated Technical Analysis

Packed full of innovative technical analysis tools means that TrendSpider is catapulted to the top of this list.  If you are a serious market analyst, then TrendSpider will help you do the job quicker, with better quality, and help you not to miss an opportunity.  The automated trendline detection and plotting do a better job than a human can; using algorithms, the system can detect thousands of trends-lines and flag the most important ones with the highest backtested probability of success.

The automated trendline & candlestick detection and recognition do a better job than any human

The multi time-frame analysis means being able to view multiple time-frame charts on a single chart with the trendlines plotted automatically.  Another great feature is the advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.

Automated Trend lines with TrendSpider

6 Innovations Unique To TrendSpider:

  1. Automated trendline detection and plotting; this does a better job than a human can; using algorithms, the system can detect thousands of trends-lines and flag the most important ones with the highest backtested probability of success.
  2. Automated multi time-frame analysis, which means viewing multiple time-frame charts on a single chart with the trendlines plotted automatically.
  3. Advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.
  4. Automated Fibonacci Detection & Mapping unique to TrendSpider
  5. Integrated backtesting of automated trendlines, showing win-rate, profitability, and drawdown.
  6. Raindrop Charts, a wholly unique and intuitive way to visualize volume profile or volume at price action.

This has three massive benefits:

  1. It saves traders and professional analysts a lot of time and can provide an edge in the market.
  2. It uses mathematics & AI to help traders spot trends they would have missed.
  3. It helps beginners to learn how to draw trend lines.

TrendSpider Market Scanning

TrendSpider is developing new features at breakneck speed, but this one is big. The latest innovation from the TrendSpider team is the “Market Scanner.”  This enables you not only to scan a specific stock but the entire market for shares matching your technical criteria.  This is a significant step forward, combining AI trend detection and analysis with the ability to scan the whole stock market.

TrendSpider takes a different approach to backtesting.  Because the platform is built from the ground up to automatically detect trendlines and Fibonacci patterns, it already has an element of backtesting built into the code.

The highest probability trendlines are automatically flagged, and you can adjust the sensitivity of the algorithm that controls the detection to show more or fewer lines.

TrendSpider BackTesting Entry & Exit Point Chart

Adding to this, they have implemented a strategy tester that allows you to freely type what you want to test, and it will do the coding for you.  It is a smooth and straightforward implementation that had me up and running in minutes.  One of the elements I really like is the ability to adjust your backtest conditions on the fly, and the “Price Behaviour Explorer” and “System Performance Chart” automatically update.   You can jump into coding if you want to, but the key here is that you do not HAVE to.

TrendSpider Stock Systems & Backtesting

Integrated backtesting of automated trendlines, showing win-rate, profitability, and drawdown are new additions and warmly welcome. The team is finally propelling TrendSpider into one of the leading technical analysis packages in the industry.

Is TendSpider Easy to Use?

TrendSpider’s innovations mean you will need a little time to understand what they are telling you.  For example, seeing hourly, daily, weekly trend lines plotted on the same chart might be confusing at first. Still, after applying a little effort, you might find you cannot live without them—an excellent score on usability.

*If you register for TrendSpider, contact me and let me know your username & I will send you the Liberated Stock Trader Crash Detector Training Course & Book worth $49 for free.

6. TC2000: Best Stock Charting/Scanning & Broker Integration

Recommended for traders in the USA & Canada seeking rapid entire market scanning, with excellent charts & indicators. TC2000 has an integrated brokerage, meaning you can trade stocks and options directly from charts.

Price: $0 – $90/m Pros
Trade Commissions: $4.99 per trade Fantastic Charts & Indicators Selection
Rating  The Best Technical & Fundamental Stock Scanning
Trade Directly From Charts
Real-time Exchange Data
Very Good Margin Rates
Get TC2000 Free Cons
No Backtesting
No Social

TC2000 has long been one of my favorite tools; I have been a subscriber for over 20 years and find the latest release v18.x to be another step forward.  Endlessly customizable and scalable, the platform offers nearly everything an investor will need.

TC2000 Pricing and Software

TC2000 is a big hitter when it comes to software and pricing.  TC2000 runs on everything, your iPhone, your Tablet, your Mac, and your PC.  It is also priced very reasonably, starting at Free.

If you trade U.S. Stocks, ETF’s or Mutual Funds, then this is a great solution.  Worden Brothers also provide regular live training seminars across the USA, which are of very high quality.

TC2000 Trade Management

Worden recently released TC2000Brokerage offering discount brokerage services at $4.95 per trade.  This integration means a tight integration for trading stocks from the chart screen and one of the best implementations of Stock Options trading visualization available.

TC2000 Fundamental Scanning and Screening

Make no mistake about it; if you want fundamentals screened in real-time layered with technical screens all integrated into live watch lists connected to your charts, TC2000 is a power player.

TC2000 EasyScan Dashboards

TC2000 News & Social Community

While TC2000 does not have a perceivable real-time news element, it does have integrated news with connections to Google Finance, CNN, Yahoo Finance, MSN Money, Marketwatch, and StockTwits.  If you want social community and integrated news, you will need to roll back to TC2000 v12.5.

TC2000 Technical Chart Analysis

TC2000 has an excellent array of technical indicators and drawing tools; all the big ones are there, from OBV, RSI, and Bollinger Bands to Fibonacci Fans and Andrews Pitchfork.  With over 70 different indicators, you will have plenty to play with.  They have also introduced live alerts that you can configure to email or pop up if an indicator or trend line is breached, very useful indeed.

Stock Systems and Back Testing .

If you want to perform powerful backtesting, then TC2000 is not for you.  You may be able to utilize the add-on product called StockFinder if you are a Platinum Member, and you specifically call support to ask for it.  However, StockFinder is no longer in active development, which is a shame because I think it was a very good backtesting suite.

Ease Of Use

One of the easiest to use packages available places the icing on the cake for the Worden Brothers.

*If you register for TC2000, contact me and let me know your username & I will send you the Liberated Stock Trader Crash Detector Training Course & Book worth $49 for free.

7. Optuma: Technical Analysis Software for Pro Technical Analysts

Recommended for professional technical analyst traders who value Bloomberg Terminal integration & exotic Gann, Point & Figure & Astronomical charts.

Price: $82 – $207/m Pros
Trade Commissions: IB Great Technical Analysis Charts
Rating High-Quality Quant Backtesting
Gann Charts & Seasonality Charts
Professional Enterprise Services
Very Good Margin Rates
Visit Optuma Cons
No Social
Separate Datafeed Required

 

Optuma is a technical analysis stock charting tool created as the brainchild of Mathew Verdouw, a leading technical analyst.  Optuma is developed for professional technical analysts in financial institutions but is also available to retail investors. Optuma specializes in exotic charts such as Gann & Relative Rotation Graphs.

Optuma Pricing & Software

Optuma is at the top end when it comes to price. You will need a powerful PC to run it, but with IQFeed, GFT and MT4 data integration’s, excellent customer services, and the full range of instruments covered (Stocks, EFTs, Mutual Funds, Options, Futures, FOREX, Bonds) for the premium price you get the premium package.

Starting at $82 per month for “Optuma Trader,” you will get the end of day data from 5 country groups, which is more than enough.  Stepping up to “Optuma Enterprise” at $207 per month adds lots of unique features like Market Intelligence Charts, Full Relative Rotation Graphs (RRG), 3D Charts, Regression Charts, and Quantitative Signal Testing.

Optuma Scanning & Screening

Optuma is squarely aimed, as you can see from the price,  at professional traders and wealth managers.  Their clients are tier one Wall Street investment houses.  But you can still take advantage of their first-class solution.  If you have a Bloomberg feed already established, this also offers a new world of data and fundamental analytics.  This slick integration of fundamentals into the charting and analysis means this is a significant improvement over a Bloomberg terminal and warrants it as a clear leader in this space.

You can build watchlists with fundamental data, and everything operates in real-time; advanced scanning includes an excellent 3-dimensional sector map.

A well thought out real-time scanning and filtering engine and the fundamental watchlists are well implemented.

Optuma Technical Analysis & Charts 

A fantastic array of technical indicators (400+) and drawing tools.  There is a rich choice of chart types, of course, bar, line, candlestick, but many more such as Point & Figure charts.

Optuma also specializes in Gann tools with a full suite, including Gann Grid Lines, Gann Fans, Gann Swing, and even a square of nine charts.

In terms of indicators, they have the best selection on the markets, included are Elliott Wave and Darvas Box, Ichimoku & Parabolic SAR; in fact, the full set of exotic indicators are present.

To top it off, they have also implemented an excellent astrological analysis suite as an upgrade for those who believe in that sort of thing; yes, commodity traders, I am talking about you :).

Innovative Wheel Chart Analysis with Optuma

Optuma Systems & Backtesting

Optuma has backtesting well covered also, with a well-implemented backtesting and system analysis toolset, which is up there with the industry leaders. Still, unlike the others, you do not need a Ph.D. in mathematics to set up and test your system.  The advanced programming language which connects all of Optuma together is simple to use, and there are many detailed and helpful videos available so you can also teach yourself.  The code runs lightning-fast, and you can scan entire markets quickly and effectively.

The quality of the backtesting and advanced statistical analysis is because the CEO Mathew Verdouw and many of the development team are certified Chartered Market Technicians (CMT) and Certified Financial Technicians (CFTe) like myself.  So the quality of the testing tools is first class.

8. Scanz: Easy to Use Yet Powerful News & Technical Stock Scanner

Recommended for Day Traders, who want a super simple and slick workflow, real-time streaming charts & news and unique Level II data, Dollar Volume Information & excellent broker integration

Price: $149/m Pros
Trade Commissions: See Broker Good Technical Analysis Charts
Rating  Realtime News & News Scanning
Excellent Broker Integration
Technical Chart Market Scanning
Visit Scanz Cons
No Social

With their slogan “Find It, Trade It, Profit,” Scanz is considered a solid tool for Day Traders. However, with the advent of TradingView, the largest trading community platform Scanz has fierce competition.

Scanz Pricing & Software

Scanz specializes in providing real-time data and news fast directly to your screen.  Scanz has a high price point of $149 for the full news and scanning package, but you do get a lot for your money, as we will explore later in this review.

Data speeds are excellent, and it has excellent U.S. data coverage, including extensive Over-The-Counter markets (OTC: BB, OTCQX, OTCQB, OTCPINK, GREY)

Scanz News & Social

The deal news section in Scanz is very good; I really like the simple implementation; you can get the low down on contracts and deals struck between companies.  This can give you an edge if you can quantify the deal’s impact on the company’s bottom line. Scanz also has a strong focus on news services, but it is let down by having no social integration.

Trading With Scanz

Scanz has the “Chart Montage” functionality, enabling an ultrapowerful way of trading off the charts. This single window contains a wealth of critical trading information, including real-time streaming news, level 2 data, including time and sales.

The Scanz Team has a fantastic set of integrations to your broker to enable this, which includes RealTick, Sterling Trader, LightSpeed, and, most importantly, TD Ameritrade and Interactive Brokers, two of the powerhouses of the brokerage world.  So, the chances are your broker of choice already covers you.

Fundamental Scanning & Screening

Scanz contains many fundamental screens.  But what is the key for days traders?  The ability to scan entire markets for liquidity and volume patterns to find volatility you can trade for a profit.  This makes the Scanz unique offering.

Scanz Streaming News

 

 

9. VectorVest: Solid Scanning & Market Timing Stock Trading Software

Trading software to help simplify market timing, stock strength, and valuation. Add to that general Buy & Sell ratings on stocks, and it is worth a look.

Price/m: $69-$129  Pros
Trade Commissions: See Broker Simple to Follow System
Rating  Specific Buy & Sell Signals
Market Timing Signals
US, Canada, Australia, & Euro Stocks
Visit VectorVest Cons
Expensive, Especially With Add-ons
Provides Signals With No Proven Track Record
Limited Number of Chart Indicators

 

Pricing and Software

VectorVest has 3 tiers of service. Basic $69/m, Enhanced $89/m, and Premium $129/m. The basic service is missing much of the benefits of VectorVest. I would recommend the enhanced service, good for investors, or the Premium for those who want to swing or day trade. In terms of pricing, Vectorvest is neither expensive nor cheap; it sits in the middle. It does not compete with TradingView, MetaStock, or TrendSpider, who offer incredible value for money.  But the competitors do not offer the level of simplicity of VectorVest.

Trade Management

VectorVest software is incredibly easy to use because it is designed to promote the Value, Safety, and Timing system. This means they have a minimal variety of stock market indicators; they provide only what is needed to trade within their VST system parameters.

VectorVest Covers The Following Stock Exchanges:

  • 8000+ US Stocks & Indices
  • 2,500+ Canadian Stocks
  • 2,000+ Australian Stocks
  • 2,000+ UK Shares
  • 2,000+ European Stocks

VectorVest Scanning and Screening

VectorVest continually evaluates every stock on the exchanges they cover to provide their propriety ratings.

  • RV Relative Value shows the estimated return versus a AAA Corporate Bond.
  • RS Relative Safety measures the consistency of a companies financials.
  • RT Relative Timing is a technical indicator that attempts to define the short term trend of a stock.
  • VST Value-Safety Timing indicator is an aggregation of RV, RS, and RT, essentially rolled up into one number.

VectorVest RV, RS, RT & VST Stock Rating System

VectorVest News & Social

VectorVest does not have any specific features to enable social chat or community within the software.  They do, however, provide a weekly market update to subscribers; these are available on youtube.

Some of their customers complain about the cost of the training courses available through VectorVest and also the constant focus of VectorVest trying to sell the courses and add-on products.

Vectorvest Technical Analysis

VectorVest has around 20 technical indicators and drawing tools, including:

  • Trendlines, Gann & Fibonacci
  • Moving Averages, Momentum, RSI and Stochastics

If you are an experienced technical analyst who wants to perform detailed charting analysis, you may need to look at MetaStock with 300+ indicators or TradingView with 160+ indicators.

 

10. QuantShare: Budget Neural Network Stock Backtesting Software

Recommended for Quantitative Analysts who develop powerful automated systems and value a huge selection of shared user-generated systems and powerful technical analysis tools.

Price: Software $245 One Time Pros
Trade Commissions: See Broker Perfect For Quants Wanting To Automate Trading
Rating  Sharing Servers For System Sharing
Active Community
Very Good Backtesting
Visit QuantShare Cons
Programming Knowledge Required
Interface

Pricing and Software

Quantshare is a Windows-based stock analysis software package that operates primarily offline. Quantshare offers charting, 300+ Indicators, and portfolio analysis tools. Interestingly, Quantshare has AI and Neural Network learning functionality and even automated trading with IB for the hardcore quantitative analyst.

An extremely cost-effective solution with one-off pricing available, meaning no monthly charge, just $245 upfront.

Scanning and Screening  

In terms of market scanning and screening, the data you can select are essentially technical data based on stock price, volume, and plotted indicators.  You will not find fundamental screening such as EPS, PE Ratio, or Cash Flow. Watch-lists can be tricky to set up—further development is required here.

News & Social

Including news and the StockTwits integration save the day here for QuantShare; the news is not real-time but certainly does add value.

There are scripts within Quantshare that allow you to scrape sites like Google News and then plot the news on a chart.  This allows you to correlate the news stories and the historical impact the stories had on the price patterns.  This is not real-time news, and it can only give you a historical perspective.

There is a heavy focus on the sharing aspect of systems with sharing servers, which enable people to connect and share systems, perfect for the quantitative analyst.

Technical Analysis  

With a large selection of technical indicators to choose from (300+), this package gives you plenty of options in the chart analysis arena.

QuantShare Stock Charts

Stock Systems and Backtesting  

QuantShare specializes, as the name suggests, in allowing Quantitative Analysts the ability to Share stock systems.

This means they have a huge systems marketplace with a lot of accessible content that you can test and use.

If you have a programmatic mind, you can implement and test an endless list of possibilities.  They do also offer Point & Click implementation of systems. They also have powerful prediction models using Neural Networks.

This is a seriously advanced software for those with the inclination to test, forecast, predict, and automate.

Ease Of Use

This software package is not the easiest to use, and the interface requires serious development effort.  The learning curve will take a time investment on your part.

Best Stock Trading Platforms Comparison Summary

Top 5 Best Stock Trading Platforms

  1. TradingView: Best for Global Stock Crypto & Forex Trading from Charts
  2. Trade Ideas: Best AI Stock Market-Beating Trading Signals USA
  3. TC2000: Best for Trading Stocks & Options From Charts USA
  4. Scanz: Good Trading & Scanning Platform for IB & TDA Clients
  5. Stock Rover: Best for Stock Research, Screening & Portfolio Mgt

Stock Market Software Review – Trade Management Comparison – Table 2

View the entire 15 Stock Market Software Platforms Comparison & Results Tables

Top 4 Best Stock Analysis Software for Investors

  1. Stock Rover: Winner Best Stock Screener & Fundamental Analysis Software
  2. TradingView: Best for Screening & Analysis of Stocks, ETF’s, Fx & Cryptocurrency
  3. MetaStock: Best for Institutional Grade Financial Analysis & Screening
  4. TC2000: Best for Real-time Market Technical & Fundamental Scanning USA

Stock Market Software Review – Fundamental Analysis Comparison – Table 3

Top 3 Real-time Stock News & Community Platforms

  1. TradingView: The King of Social & Community Trading & Ideas Sharing
  2. MetaStock: Best Real-time News Service powered by Reuters Global
  3. Scanz: A Solid, Well Organized Real-time News Service

Stock Market Software Review – News Services & Social Comparison – Table 4

Top 5 Best Technical Analysis Software

  1. MetaStock: Best for The Most Powerful Technical Analysis, Charting & Indicators
  2. TradingView: Powerful Stock Charts & Large Selection of Indicators
  3. TrendSpider: Best for Automated Technical Analysis & AI & Machine Learning
  4. TC2000: A Great Charting Platform & Ability to Create Personal Indicators
  5. Optuma: Great for Exotic Charts Like Gann, Elliott Wave & Darvas Box
Technical Analysis
Charts
Bar, Line, HLC, Candlestick
Others P&F,Market Profile P&F, Kagi, Heikin Ashi, Renko, Line Break Heiken Ashi Heiken Ashi  Market Profile
Bollinger Bands, MACD, Parabolic SAR, Ichiomoko, MACD, Fbonacci
Volume at Price Raindrops
Darvas Box Probability Box
Elliot Wave Gann Swing
Total Number of Indicators 300+ 160+ 57+ 240+ 400+
Gann Indicators
Trend Alerts
Automated Trend Lines
Multi Time-Frame Analysis
Automated Fibonacci
Technical Analysis Score 10 10 10 10 10

Stock Market Software Review – Technical Analysis Charts & Indicators – Table 5

5 Best Stock Market Prediction Software

  1. Trade Ideas: Winner – Proven AI-Driven Trade Prediction & Forecasting Signals
  2. MetaStock: Excellent Market Prediction, Forecasting & Backtesting
  3. TradingView: Create Any Backtesting System You Need with Pine Script
  4. TrendSpider: Best for using AI to Detect Chart Patterns to Backtest.
  5. Optuma: High-Quality System Backtesting & Statistical Analysis

Stock Market Software Review – Systems & Backtesting – Table 6

4 Best Stock Trading Platforms for Beginners

  1. TradingView: Easy to use for beginners, intuitive, and a community to help you learn.
  2. Stock Rover: For Beginner Investors the Easiest & Best Stock Screener & Portfolio Management Software
  3. TC2000: Built-in Templates Get Beginners Up & Running Quickly
  4. TrendSpider: One-Click & It Works, A Smooth Clean Interface & Good Support Ensures a Good Experience

So now it’s over to you. Did you find this review useful, do you agree or disagree, have you found better software to be included in the review? 

Let us know, leave a comment below, or share it with friends.

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Notes on the Review:  Liberated Stock Trader partners with the best companies in the investing business.  See our Partners Page for more information.

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