Multicharts is a charting and automated trading platform, designed for futures, stock, and forex traders. It is highly professional and very flexible in nature. It allows traders to analyze and plot various data series of different times. It also enables them to use symbols from multiple data feeds and all this can be done in same chart window. It allows traders to mix time based and count based charts and also insert their own bids and trade on same chart.
Multicharts are easy to use provided one has learned to analyze things from the charts. Its essential features are that it it is a powerful tool and works with most leading streaming data vendors. It features the ability to plot, in the same window several time frames, which need not be similar. The data series can be of different symbols, with different timeframes, and from different data feeds, all at once. For example, you can mix a 2-minute and a 10-minute chart, or plot a 10000-tick, a 10-point, and a 10-second chart with precise synchronization.
Multicharts, as the name suggests combines different forms of charts into one. These include candlesticks, bars, lines, dots, histograms, invisible bars, etc. These charts support time based and count-based compressions. The time based includes each one for the second, minute, hour, day, week, month, quarter, year. Multicharts provides a whole list of customization of data. It includes the overall appearance of the chart, the color and width of every chart component, hart compression, locating all of the data, even a million bars, within one screen, display or hide empty periods, last price marker on or off and many others. MultiCharts includes over 200 pre-built studies for in-depth analysis of the market. There is vast range of tools that helps in analyzing trends; patterns etc. Traders can easily simulate their trading styles before risking their real money. There are over 80 pre-built trading signals, which can be easily moulded according to the need of the user. To alert someone there are visual and sound alerts, which can be set by the trader himself. It also helps in maintaining the database by handling its all aspects and symbol list. In addition to all the above mentioned features it also has 280 pre-built indicators, signals and drawing tools. It is also compatible with add-on software and techniques from third-party companies.
Multicharts software architecture is based on the multithreaded programming model that helps in utilizing hardware resources to the fullest possible extent. It shares number of advantages over’s its peers and contempoaries. It being flexible and robust helps the trader to perform millions of simulations in a matter of hours, while other programs might take days to perform the same number of simulations. Multicharts is truly optimized for speed. It is highly recommended as a charting & strategy programming platform, with multi-broker execution & data capabilities. It is an object oriented user interface which results in easy-to-use application, and reduction in learning curve. To interact with any object, such as a data series, a price scale, or a chart background, simply click on it. There is no need to go over all the complex structure when one has simple and easy solutions. The new version is out and up for the grabs.
Tags: market, multichart review, Multicharts, programming, software, stock, synchronization, trading
I only use Multi Charts once in a while, because I don’t trade as much as the program is meant for. It does work really well when I do use it though and I am sure those who really need it love it for what it can do.
If you have a hard time with charts or don’t always understand everything about them, Multi Charts might be impossible for you. It is a lot of information at once, but at the same time it gives you a lot of stuff that can help you out and get you trading better than would have otherwise been possible.