Investing

Best Free Technical Analysis Charting Software for Investing

The old saying goes “technical analysis is a great way to part traders from their money.” However to some it is still a helpful trend to see market trends and to hopefully buy and invest while it’s still on it’s way up and not when a stock is about to drop in price. Technical analysis has also been called a great tool to see historically where you should have bought and sold. As a predictor though it is often faulty at best and of course if it worked will then everyone would be rich by now.

With that said technical analysis increases your probability of seeing where the market is headed. It provides you some background into how an asset is doing and what might come next and is far better than going into an investment blind.

When you using technical analysis software “uptrends” are marked by seeing at least three successive rising troughs and peaks. While “downtrends” occur when you have at least three successive troughs and peaks.

The four best free technical analysis charting software for investing are below.

EclipseTrader: (http://www.eclipsetrader.org)

eclipse trader
EclipseTrader is an ​Eclipse Rich Client Platform (RCP) application focused on the building of an online stock trading system. featuring shares pricing watch, intraday and history charts with technical analysis indicators, level II/market depth view, news watching, and integrated trading.

Main features of EclipseTrader include:

  • Realtime Quotes
  • Trading Accounts Management
  • Integrated Trading/li>
  • Intraday Charts
  • History Charts
  • Technical Analisys Indicators
  • Price Patterns Detection
  • Financial News
  • Level II (Book) Market Data

 

Qtstalker: (http://qtstalker.sourceforge.net/)

Qtstalker

Qtstalker is a user friendly Technical Analysis package for GNU/Linux (and hence other Unix-like systems). Similar to commercial wares such as Metastock, Supercharts and Tradestation. Keeps to a lean, simple design for speed, portability, and low resource usage. Because it uses a plugin model, Qtstalker can easily be extended.

Main features of Qtstalker include:

  • A point-and-click object-oriented graphical user interface.
  • Chart types include line, bar and candlestick.
  • Customizable colors. Logarithmic and linear arithmetic scaling. Scale to screen.
  • Indicators plugins include MACD, MAs, Bollinger Bands, RSI, and dozens more. Provides access to the TA-Lib library of common functions.
  • A simple scripting facility to create custom indicators. This powerfully enables combination of different plots in one indicator and combining of other indicators and calculations.
  • A special indicator “ExScript” enables external scripts to pass indicator data in.
  • An “Indicator Summary” tool shows a table of all indicator parameters from all active indicators. It also writes the data to XML output for use by external programs.
  • Chart drawing objects: trendlines, buy/sell arrows, horizontal and vertical lines, Fibonacci retracement lines, text and cycles.
  • Quote plugins download data from online sources such as Yahoo, CME, NYBOT.
  • Data import plugins for plain-text CSV files.
  • The “Plugin” architecture for quotes and indicators enables easy future extensibility.
  • Minute, daily, weekly and monthly chart compression options.
  • Various data classes to support for investment types such as stocks, futures, indices, ratios and spreads.
  • A back testing function allowing indicator performance tests using actual trading data.
  • A very basic portfolio manager. Good for tracking open positions. (Suggestions welcome.)
  • A Scanner that can scan the qtstalker database for charts that meet a user defined criteria.
  • A paper trading mode enabling users to practice trading without risking capital.

Free Chart Geany: (http://freechartgeany.sourceforge.net/)

Chart Geany Logo

Free Chart Geany is the free and open source edition of Chart Geany, a commercial solution for market technical analysis and charting.

Main features of Free Chart Geany include:

  • Support for major technical analysis indicators like: Simple Moving Average, Exponential Moving Average, MACD, Relative Strength Index,  Bollinger Bands and Parabolic SAR.
  • Support for various Comma Separated Values  (CSV) formats like Metastock 7, Metastock 8, AMI Broker, Yahoo Finance, Google Finance and Standard CSV.
  • Support for various drawing and text objects like Labels, Trailing Text, Horizontal Lines, Vertical Lines, Trend Lines and Fibonacci Retracements.
  • Line, Bar, Candle and Trend Candle (Heikin-Ashi) charts.
  • Linear or semi-logarithmic price scaling.
  • Zoom In and Zoom out.
  • Time-frames: Day, Week, Month and Year.
  • One click screen shots for charts.
  • Spreadsheet-like data manager.
  • Single file local storage.  You can work offline if needed.
  • Self-contained software, independent from other software back-ends like Java Virtual Machine or .NET Framework.
  • Easy download of quotes from Yahoo Finance or Google Finance.
  • Free Chart Geany is a tab based application. You can manage the charts the same way you manage the pages of your web browser.

AIOTrade: (http://aiotrade.com/)

AIOTrade

AIOTrade (former Humai Trader) is a free, open source (under the terms of BSD license) stock technical analysis platform with a pluggable architecture that is ideal for extensions such as indicators and charts. It’s built on pure java.

Main features of AIOTrade include:

  • Pull stock price from Yahoo
  • Runs on your PC
  • Is built on Java

Let us know if you have any other suggestions for free technical analysis charting software for investing in the comments section below.

Effective Federal Funds Rate

This is graph shows effects in federal funds rate between 2006 to 2014.

Effective Federal Funds Rate
Via FRED

Between 2006 to 2008 it was very high. But after 2008 it is continuous going down. The rate of increasing federal funds rate not very good. First two year’s it is going down, but after that from 2008 to 2014 (6 years) it is continuously going down. It is not good sign. It shows negative mark near 2010 to 2014 it is almost finish. It is not showing any chance to grown up the federal funds rate. The government will need to take some better actions for it to continue to grow up.

Impact of US CEO’s on Companies Has Never Been Higher

The image describes the positive impact of CEOs on businesses for twenty year rolling periods. The time period used is 1950 to 2009 — a period of fifty nine years. The scale used indicates year and impact in percentage.

Impact of US CEO's on Companies Has Never Been Higher

At first glance, it appears that CEOs have had a huge impact on the business market, with their contributions seemingly taking up more than half of the graph, but closer inspection proves differently.

Actually, the CEO contribution to business improvement has been at an unsteady rate of ten percent for the six decade time period.

For the first thirty years, CEOs have contributed about ten to fifteen percent impact, starting from 1950 to 1980. For the most part, the CEOs have contributed to the lower range of the ten to fifteen percent frame, with an interesting surge for the last four years of the first half of this For the last four years of this period, CEOs made impact of fifteen percent or higher. A significant increase from the last twenty-six years.

From 1980 to the end, however, CEO impact was significantly raised when compared to the first half. Whereas they had previously made almost minimal impact — less than five percent impact for thirty years, CEOs initially began making about fifteen percent impact or slightly more for the first fifteen years and then twenty percent or near to twenty percent more impact after that.

2014 Looks to be the Most Active IPO Market Since 2000

After a peak of IPO activity at the end of the 20th century, we could be seeing a new trend of rising IPO activity caused by a combination of economic turnaround and a plethora of companies ready to go public. IPO activity has mimicked general market trends over the past decade and a half.

2014 Looks to be the Most Active IPO Market Since 2000

In 2000 US IPO activity experienced a surge that nearly doubled the average rate, therefore there were about eighty three IPOs in that year. Conversely, the mid 2000s and the year 2009 showed a sharp decrease in IPO activity. Numbers fell from an average of forty to ten and below. In 2009, there was only one IPO registered.

Currently we are seeing another rise in IPO activity as markets rebound from the Great Recession. Possibly we are also seeing companies that would have gone public earlier filing for IPOs now because of higher investor confidences and a more certain economic future.

Graphic: How Much Should You Have Saved Up for Retirement Today

The rate you save should change depending on your age and how much you earn. It’s important to save when you can and change your saving habits as you get closer to retirement. The table shown above is a savings calculator tool. This should be a guideline to help savers understand how much money they should have saved in preparation for retirement if they have been saving about five percent of their salary.

Graphic: How Much Should You Have Saved Up for Retirement Today

The table is broken into two categories; on the y axis is the age category, beginning at thirty years and ending at sixty five years, with five years intervals in between; on the x axis is salary, starting at fifty thousand dollars and ending at four hundred thousand dollars.

To use the table a person must first find the number closest to their age on the y axis and then the number which closest approximates their salary on the x axis. At the intersection of these numbers will be another number, which, when multiplied by the salary, will indicate the amount of money a person should have saved. Guides like this can be helpful tools in determining your saving rate, and accessing your current saving habits.