Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

friva

Charting Tools Comparable to Bloomberg's?

Recommended Posts

Hi folks,

 

anybody knows a charting software that is comparable in quality to Bloomberg's ?

 

Bloomberg's charting tools are top notch: they're powerful, user friendly and a pleasure to look at.

 

Unfortunately they are bundled with all the rest (news, analysis etc..) and thus far too expensive.

 

What's the closest match to Bloomberg's charting tools in your opinion ?

 

I know that Investor RT and Multichart offer some functions I am interested in (eg: dynamic regression lines with fixed start dates).

Any other name ?

 

Thank u !

 

Franco

Share this post


Link to post
Share on other sites
Hi folks,

 

anybody knows a charting software that is comparable in quality to Bloomberg's ?

 

Bloomberg's charting tools are top notch: they're powerful, user friendly and a pleasure to look at.

 

Unfortunately they are bundled with all the rest (news, analysis etc..) and thus far too expensive.

 

What's the closest match to Bloomberg's charting tools in your opinion ?

 

I know that Investor RT and Multichart offer some functions I am interested in (eg: dynamic regression lines with fixed start dates).

Any other name ?

 

Thank u !

 

Franco

 

anybody is better than Bloomberg.

Share this post


Link to post
Share on other sites

I agree with Tams....

Bloomberg, while greatly improved, is not a charting program.

Major ones to look at an research as each has their advantages and disadvantages....plus it greatly depends on what instruments you trade and the info you want.

Sierra chart, Multicharts, Metastock, Ninja trader, Amibroker, Tradestation, Esginal, advanced Get......the list continues.......

Share this post


Link to post
Share on other sites
I agree with Tams....

Bloomberg, while greatly improved, is not a charting program.

Major ones to look at an research as each has their advantages and disadvantages....plus it greatly depends on what instruments you trade and the info you want.

Sierra chart, Multicharts, Metastock, Ninja trader, Amibroker, Tradestation, Esginal, advanced Get......the list continues.......

 

"Incredible Charts" might be worth a look - there is a free version and a premium version.

 

Fully customisable and data is free, but end-of-day only, with the free version. Premium (paid) version is updated hourly inra-day. Huge number of indicators, a custom filtered scanner and watch-list creation etc.

Share this post


Link to post
Share on other sites

My apologies if I am offending anyone but you folks have some strange ideas about software...The best quality charting software and most consistent data delivery is CQG....Professionals use it because the data delivery doesn't hang up when you get volume surges (like during economic report releases or Fed Announcements). The rest of the vendors are about the same including Esignal and IRT.....

 

I use Bloomberg to trade the bond basis using IRR data (for the repo market)....I've never seen a retail trader using Bloomberg or any professional level toolset for that matter...probably because the cost is prohibitive.....thats understandable.

 

Unless you need specific tools that only Bloomberg has, I would go to Esignal for the best middle of the road package....If for some reason the original poster needs specific data feeds of chart tools the next best bet is to call Becky at CQG and describe what you need...if they can get it for you it will cost less than Bloomberg

 

Best of Luck

Steve

Share this post


Link to post
Share on other sites
My apologies if I am offending anyone but you folks have some strange ideas about software...The best quality charting software and most consistent data delivery is CQG....Professionals use it because the data delivery doesn't hang up when you get volume surges (like during economic report releases or Fed Announcements). The rest of the vendors are about the same including Esignal and IRT.....

 

I use Bloomberg to trade the bond basis using IRR data (for the repo market)....I've never seen a retail trader using Bloomberg or any professional level toolset for that matter...probably because the cost is prohibitive.....thats understandable.

 

Unless you need specific tools that only Bloomberg has, I would go to Esignal for the best middle of the road package....If for some reason the original poster needs specific data feeds of chart tools the next best bet is to call Becky at CQG and describe what you need...if they can get it for you it will cost less than Bloomberg

 

Best of Luck

Steve

 

Thanks for the input Steve - and no, good information never offends. It is always helpful to hear what other traders find useful - regardless of which level they trade.

 

At my level I am finding the charting simplicity of MT4 platforms are adequate to trade a 15 Min-to-4 Hour time-frame, and the higher the TF, the less sophisticated my requirements. A couple of MA's and a bit of Price Action knowledge, and a sentimental favourite indicator is probably all I need to see if a chart is doing something. How well I handle what I am seeing depends on other factors - factors that depend less on the quality of the chart.

 

If there is an obstruction ahead, the driver still has to swerve, or suffer the consequences. Recognising that obstruction is where the rubber touches the tarmac.

 

Cost has always been a factor when choosing my tools, and I have tried to stay within my skill-set in choosing charting packages. No use trying to manage a Learjet when you are mentally only fit for an old Jalopy! And what may be an old Jalopy to one trader, can be made to seem like a Learjet in the hands of a better trader.

 

No doubt an ability to own, afford good data, understand the features of, and extract the best from a half-decent charting setup, would make some difference over time, but the best charting package in the world can not help a flawed approach. Going with the common package can yield the common result ... where is the balance?

 

Where there is no vision (guidelines and discipline) the people perish!

 

Your posts have brought right out in the open the things that are possible in trading, and I have enjoyed a bit of dreaming while reading your stuff. It doesn't hurt. I have referred your posts on the ES to a friend of mine who trades eMinis, to open his eyes to possibilities.

 

Unfortunately traders like myself are a long way from walking in shoes like yours, and it then becomes a matter or resigning yourself to your fate.

 

Will it be the Learjet ... or the Jalopy?

 

90% of us don't know the truth of that yet!

 

.

Learjet.jpg.f741f1a3c0d07b538d66d20f5cf433e8.jpg

5aa71061d3663_Cardashboard.jpg.84061faeeffa332e13d9a0fd2c4e7538.jpg

Share this post


Link to post
Share on other sites
My apologies if I am offending anyone but you folks have some strange ideas about software...The best quality charting software and most consistent data delivery is CQG....Professionals use it because the data delivery doesn't hang up when you get volume surges (like during economic report releases or Fed Announcements). The rest of the vendors are about the same including Esignal and IRT.....

 

I use Bloomberg to trade the bond basis using IRR data (for the repo market)....I've never seen a retail trader using Bloomberg or any professional level toolset for that matter...probably because the cost is prohibitive.....thats understandable.

 

Unless you need specific tools that only Bloomberg has, I would go to Esignal for the best middle of the road package....If for some reason the original poster needs specific data feeds of chart tools the next best bet is to call Becky at CQG and describe what you need...if they can get it for you it will cost less than Bloomberg

 

Best of Luck

Steve

 

no offense taken and good to add to the list...... however CQG, and quite a few other packages get limited by the markets they trade......unless I am mistaken you cannot trade equities through CQG.????

Plus there is always the costs associated with a more professional system, which affects many people.....

all depends on what you require.

Share this post


Link to post
Share on other sites

Thank u Tams, that's encouraging. I only know Bloomberg and Reuters (B's way ahead of R's) so it's good to know there is much better than B out there.

 

Thank u Siuya.

Bloomberg's charting tools are just simple, fast and user friendly.

I currently trade DAX futures intraday and watch only price action.

I use nothing but lines and regression lines on 3-4 timeframes (day, 2 days, 30 days, 6 months) on 2-4 screens.

What would be the best software for me, in your view ? Thank you in advance for your opinion.

 

Ingot54, thank u for ur suggestion. I'll take a look to "IncredibleChart" although hourly updates for me is slow. I trade DAX futures intraday and watch only price action. I use nothing but lines and regression lines, I do not believe in complications. If u know a software that fits that I would be glad to know. Thank you in advance.

 

Thank you Steve46, I guess CQG Trader is very good, particularly if one does spread trading (I don't). It's relatively expensive. Last quote I got was EUR 440/month for charting (not including charge for live prices and broker comms). Much cheaper than Bloomberg, though, and worth a closer look.

 

Best

Franco

Share this post


Link to post
Share on other sites
I agree with Tams....

Bloomberg, while greatly improved, is not a charting program.

Major ones to look at an research as each has their advantages and disadvantages....plus it greatly depends on what instruments you trade and the info you want.

Sierra chart, Multicharts, Metastock, Ninja trader, Amibroker, Tradestation, Esginal, advanced Get......the list continues.......

 

Siuya,

 

Did you catch the Ninjatrader Webinar yesterday? I was impressed. The rording should be posted on the site soon.

Share this post


Link to post
Share on other sites

Depending on your requirements, NinjaTrader is free if all you need is market analysis. If you want to trade, we charge you. We support a number of different feeds including CQG (mentioned earlier in this thread) plus our own brand, Kinetick.

 

A full list is located here - NinjaTrader stock, futures and forex charting software and online trading platform. Tour and Features.

Share this post


Link to post
Share on other sites

Mystic - I stoppped using ninja trader.

I never really got into it, as i did not like the feel of it and the feedback seemed that it had issues with recent upgrades, so i focused elsewhere.

For friva - given your trading it seems you might be best looking at anyone of the systems mentioned and seeing what you like. Each has a different feel, different style.....and so its up to you.....as each user is different. There is also a lot of fourms around for each which more specific questions might be asked.

they all have trials, or a cheap to test for longer periods.

Some brokers might also offer soft dollar options for CQG, bloomberg etc; if you pay enough brokerage.....this could also be an option?

 

One other option might be OEC as it has the charts and broker all as one.

Share this post


Link to post
Share on other sites

First a comment for Ingot...sir our "shoes" are not so different....unfortunately I have to use specific tools for the bond market, because of the volume I have to move....If I were trading my own account, actually I would NOT use them because I could get similar results (but it would take more time) using other more easily available methods.

Second to those interested you can trade equities using CQG, and as I pointed out, because the premium (as compared to Esignal for instance) is significant, unless you need SPECIFIC tools (they offer different data items, and their Market Profile display is better for example) it is probably not for the average guy/girl.

Finally the data delivery.....I can tell you about this first hand, because there was a time when I traded two conditions that required consistent data delivery during high volume/high volatility conditions....one was Fed Announcement....the other was economic report releases including earnings....I realize that most of you don't like to get involved at those times, because the volatility is hard to manage. During these high vol times, CQG provides very consistent delivery (I know because I have had both CQG and Esignal side by side on my screens) and I have seen (in past) Esignal slow down to the point of freezing, while CQG just chugs along like nothing was happening....you see....so really it depends on what you need....

 

Personnaly, if I were retail...trading regular hours and staying away from high volatility situations, I would choose either Esignal or IRT as the best price/features compromise. Of those two products, I would suggest that Esignal requires the LEAST upkeep and maintenance....IRT on the other hand requires active periodic management of the database.

 

I hope this helps

 

Good luck

Share this post


Link to post
Share on other sites

Hi friva,

 

Have you tried Updata Professional or Updata TraderPro. TraderPro is more for the private investor but it is a very powerful charting software. Interesting to note that quite a lot of trading houses have Updata's TA software (Professional) hooked up to their bloomberg terminals so they can get bloombergs data feed going directly into Updata in order to do their TA. TraderPro is affordable and there are different versions with their own feeds or you can use a third party data feed. I'd be happy to provide you with a copy and show you around this software if you wish. Just PM me.

 

Best regards,

 

Chartist Lion

Share this post


Link to post
Share on other sites

If you are trading futures CQG is top notch. I have had a very successful career in futures since 1984, tried tradestation esignal among others but have always returned to CQG for it's superior charting and now trading capabilities. If you are going to fail trading it won't be because you spent too much on your charting software....give yourself a fighting chance.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • In Italy, I saw many of our brothers from different parts of Africa, sleeping and living in the park, the weather was very cold and its obvious that they were looked down upon. It made me want to cry and several questions overwhelmed my heart.   Is it not better to remain in Africa than to be homeless in this freezing cold weather?   I wish I have all the money in the world to rescue them...   Is this the reason why our skin color is looked down upon?   Do our government officials see this sight when they also travel outside of the country...does it hurt them or pain them like it pained me? By Frank Abah, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • ELV Elevance Health stock, watch for an upside gap breakout at https://stockconsultant.com/?ELV
    • ORLY OReilly Automotive stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?ORLY
    • Date: 28th March 2025.   Market Selloff Deepens as Tariff Concerns Weigh on Investors     Global stock markets extended their losing streak for a third day as concerns over looming US tariffs and an escalating trade war dampened investor sentiment. The flight to safety saw gold prices surge to a record high, underscoring growing risk aversion. Stock Selloff Intensifies The MSCI World Index recorded its longest losing streak in a month, while Asian equities saw their sharpest decline since late February. US and European stock futures also signalled potential weakness, while cryptocurrency markets retreated and bond yields edged lower. Investors are scaling back their exposure ahead of President Donald Trump’s expected announcement of ‘reciprocal tariffs’ on April 2. His latest move to impose a 25% levy on all foreign-made automobiles has sparked fresh concerns over inflation and economic growth, prompting traders to reassess their strategies. Investor Strategies Shift Market experts are adjusting their portfolios in anticipation of heightened volatility. ‘It’s impossible to predict Trump’s next move,’ said Xin-Yao Ng of Aberdeen Investments. ‘Our focus is on companies that are less vulnerable to tariff policies while taking advantage of market dips to find value opportunities.’ Yield Curve Signals Economic Concerns In the bond market, the spread between 30-year and 5-year US Treasury yields widened to its highest level since early 2022. Investors are bracing for potential Federal Reserve rate cuts if economic growth slows further. Long-term Treasury yields hit a one-month peak as inflation risks tied to tariffs spurred demand for higher-yielding assets. Boston Fed President Susan Collins noted that while tariffs may contribute to short-term price increases, their long-term effects remain uncertain. Gold Hits Record High as Safe-Haven Demand Rises Amid market turbulence, gold prices soared 0.7% on Friday, reaching an all-time high of $3,077.60 per ounce. Major banks have raised their price targets for the precious metal, with Goldman Sachs now forecasting gold to hit $3,300 per ounce by year-end. Looking Ahead As investors digest economic data showing US growth acceleration in Q4, attention will turn to Friday’s release of the personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measure. This data will be critical in shaping expectations for future Fed policy moves. With markets on edge and trade tensions escalating, investors will closely monitor upcoming developments, particularly Trump’s tariff announcement next week, which could further dictate market direction.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Crypto hype is everywhere since it also making new riches as well, i however trade crypto little as compared to other forex trading pairs.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.