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AmiBroker AmiCharts Review
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AmiBroker is a complete technical analysis program, allowing a person to study and predict the trend of the market, to give a better picture of the market to the stock traders and investors. This software also help one to maintain a portfolio of all the shares.
Amibroker has all the studies and indicators as built in tools, such as candlestick, moving averages, Bollinger bands, trend lines, Fibonacci retracements and time zones, comparative relative strength, parabolic stop-and-reverse, directional movement, MACD, ROC, RSI, Stochastic, Ultimate, TRIX, CCI, MFI, TRIN, NVI and more.
AmiBroker has a tradition programming language called AFL better called Amibroker Formula Language incorporates over 100 analysis functions, allows the user to back-test the trading systems by allowing detailed reporting, build custom chart indicators and perform screening of large databases.
Amibroker is a collection of features which enable the users to have an edge over the others in online trading technology. These features namely are Drag and Drop indicator creation, True Portfolio Backtesting and optimization with scaling and multiple currency handling, 3D optimized charts, new account manager, an automated trading interface and many more.
The reason why Amibroker is better than all its competition in the market is; first it is feature rich, it has all the feature that are needed by professional online traders, with that new features are added every day on the users request also which makes the software meet the needs of more and more users. Second, Amibroker gives highest quality technical analysis software providing analysis at 10 times the speed at which the competing programs are providing information. Thirdly, this software is thoroughly tested and used every day by thousands of traders, investors and fund managers; the reason to this is that Amibroker provides virtually any trading strategy with highest quality accuracy. Since Amibroker is added with new features every day on user request it can be easily adjusted to fit ones personal trading needs. Amibroker is compatible of working on all the latest operating systems e.g. Windows Vista, Windows XP as well as the old versions like Windows 95 and Windows 98.
Amibroker is very cost effective software. The package not only comes it a very low license fee but also gives the user four consecutive free upgrades, free technical support and free plug-ins and add-ons. Amibroker is one of the best investments that could be done in order to improve ones trading.
Amibroker is way better stock market software than its competing software and that to at a very cheap price of $199. There was a absurd claim that Amibroker charts are not as good as TradeStation and MetaStocks but experts have proven these people wrong, like for instance the black background with the same plotted colors in AmiCharts and TradeStation is way different from one another, the sharpness and clarity of AmiCharts is far better, not to mention that Amibroker produces these charts way faster than TradeStation. Amibroker provide all the support that an actual real trader desires at a very low price.
For me, as a swing trader, is the best.
Amnibroker is a good program for the portfolios and online technology it offers. I also think it is one of the easier programs to use because there are several modules and you can easily add or delete what you want to show up on your screen.
I think some of the indicators are a bit much and just get in the way sometimes, but it is better to have them than not and want some of them. I can trade easily with this program, but it does take some getting used to so don’t give up right away if you get easily confused.
Amibroker is a powerful piece of software, but ultimately so buggy and unrefined that most will not have the patience for it.
If you are not back testing strategies and just need software to track stocks, portfolios and watch lists, try something like Prophet Charts
The AmiBroker program has one of the most comprehensive suites of technical indicators available, and one has to wonder if it’s overkill. Don’t get me wrong, I think that every trader would be smart to give attention to a handful of proven technicals in addition to fundamental analysis. Candlestick charts and moving averages are must-haves, in my opinion, and Bollinger bands and trend lines can be very helpful with low float stocks, but when it comes to things like TRIX and CCI I think they are just a bit too much. At some point analysis paralysis sets in and you’re left missing out on great trades.
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