[friva]

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

[Tams]

Originally Posted by friva »

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.

[SIUYA]

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.......

[Ingot54]

Originally Posted by SIUYA »

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.

[steve46]

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

[Ingot54]

Originally Posted by steve46 »

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!

.

[SIUYA]

Originally Posted by steve46 »

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.

[friva]

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