October 9, 2009

Real time charting software

Up until now I’ve used several software packages for real-time charting. Some of them are worth mentioning here. Here’s a classification based on the pricing:

Name Trial / Free Lease Permanent license Miscellaneous
Amibroker 5.20 30 days Trial / free but doesn’t save any changes No lease plan only lifetime license 199$/279 $  
ProRealTime 7.11 Free for NON real time data 19$/month No lifetime license ProRealTime it’s also a real-time data vendor (the only one accepted by the software)
NinjaTrader 6.5 Free but not as a trading platform 50$/month 1500$  
Ensign Windows 7 days trial 49.95$/month No lifetime license  
MetaStock 11 Only 30 days money back guarantee 100S/month 1395$ Available only for QuoteCenter and eSignal data vendors
NeoTicker 30 days trial 100 CAD$/month or 800 CAD$/year ( + 100 CAD$ one time setup fee) 1497 CAD$  

Trendline charting capabilities:

Name/Feature Multi monitor support Lines displayed in inferior time periods in the same window Lines displayed in inferior time periods in other windows too Misc
Amibroker 5.20 YES NO ( actually the trend lines are displayed but wrong) NO  
ProRealTime 7.11 YES YES YES  
NinjaTrader 6.5 YES YES NO  
Ensign Windows YES* NO NO *all charts have to be inside the main application window.
MetaStock 11   YES    
NeoTicker YES      

Indicator charting capabilities:

Name/Feature Indicators on indicators      
Amibroker 5.20 YES      
ProRealTime 7.11 NO      
NinjaTrader 6.5 NO      
Ensign Windows        
MetaStock 11 YES      
NeoTicker YES      

Special charting features:

Name/Feature Point and figure charts Market profile
(aka Tick  distribution
Range bars Tick bars Volume bars
Amibroker 5.20 NO NO YES YES  
ProRealTime 7.11 YES YES NO YES  
NinjaTrader 6.5 NO NO YES YES  
Ensign Windows YES YES      
MetaStock 11 YES NO      
NeoTicker YES YES