Stockwatch pro is a real time analytical stock market software to perform a kind of technical analysis on the stocks that meets the traders criteria. It is very flexible in nature. It is not very popular so far but when it comes to delivering results there is not much stock software that comes even close to it. Stockwatch pro consists of a basic charting frontend and a very powerful analytical engine in the background that enables the trader to screen for pre-programmed criteria based on technical analysis. The data feed to Stock watch pro has to be supplied from esignal or qcharts only. The data available is generally sufficient for most of the active traders who generally who swing or day trade the markets.
The essential features of stockwatch pro includes Formula Wizard, Formula Alerts with buy/sell signals, Market Screeners, Custom QuoteSheet Columns, Advanced Level II and Charting, News Alerts, Time & Sales, Hot Lists, Market Stats, a lot more than this is available in the free version. Formula Wizard is an important tool that allows the trader to calculate results using close to around 100 in built formulas. Some of these include last, bid, and ask, volume, float, and % change. It also has a whole range of technical indicators which can be customized according to the needs of the user. Technical indicators like bollinger bands, moving average, RSI, etc. form an important part of Stockwatch pro. Without these indicators the whole purpose remains unsatisfied. The Real-Time Screener is another tool that has shown lots of promise to the users. It is one-of-a-kind tool that scans markets for profitable opportunities in real-time. Incorporated with formula wizard the trader can specify any kind of data they want to scan. The screener can be used to various things like scan sectors, hot lists, symbol lists, exchanges, etc. The screen will display only that data whose conditions meet as set by the trader thus getting rid of unwanted worries. The programming of the screener is very intuitive. Various other tools like stock charting, stock charting software, stock alerts, profit candlesticks, trading, stock quotes, moving average, crossover, bollinger, stochastic, Macd, roc, momentum, breakout, reversal, news alert form the complete package of Stock watch pro. Alerts are also important as it can inform the user when the the stock he is interested in reaches a particular level and some action can be taken.
Stock Watch pro is not popular among the traders as it has lot of bugs in it which makes trading difficult. It is always susceptible to loss of data and that means loss of money. People use stock watch pro mostly for backtesting and market scan. The market scan is very powerful tool and the formula language is pretty easy to use once you get a hang of it. The main drawback is that it is itself costly and since it needs data from qcharts it proves a real costly deal. Still it is referred to as his is a money-making machine, powerful and easy to use.
Tags: active traders, eSignal, formula wizard, stock market software, stock software, stock watch, Stock Watch Pro, stock watch pro review, stock watch review, technical indicators
I got to try this when I went to a conference earlier this year and I have been considering buying it for myself. I just wonder if Stock Watch is as good as I remember after reading this review. I remember the signals being very helpful and getting me through the trades for the most part, but it was the overall analysis that I really needed to understand well.
There is a mention of a Real Time Screener here and I don’t think I had the chance to use that so I might need to give this software another look before I decide to buy or look for something else.