Compare and download technical analysis software
In this article, we intend to compare and download technical analysis software and explain the advantages and disadvantages of each. To download the technical analysis software you are considering, refer to the end table of this article.
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1- MetaTrader software or usefulTrader
MetaTrader is one of the most popular trading platforms today and is currently available in versions 4 and 5. The programming language of this software is mql4 and mql5 depending on version 4 or 5.
Useful software trader capabilities
Ability to create personal scripts and indicators
The use of historical data in this software is a significant advantage for this software
Has a very simple user interface
It has the possibility of automatic transaction and order registration
It has the ability to add ready-made indicators and experts.
Numerous indicators are available in this software
Disadvantages of more useful software
It does not count Elliott.
Does not show harmonic patterns.
Extra lines and extra lines cannot be deleted from the chart when analyzing.
2- Dynamic trader software
This software is a very powerful software in the field of technical analysis that by combining price analysis, time analysis and Elliott in this software, attractive and accurate analyzes can be performed. Useful Trader is an online technical analysis software.
Advantages of Dynamic Trader Software
Ability to put two graphs together and perform relativistic analysis
Labeling Elliott waves manually and in a short time
Having a Fibonacci time tool and performing time analysis with the ability to erase extra lines
Having an expensive Fibonacci tool with the ability to erase extra lines
Having mode training tools for practicing and learning
Tools for calculating prices and calculating the percentage of price and time changes
Has advanced oscillators for technical analysis and signaling
Equipped with a special oscillator for dynamic traders
Has EOW tools to determine the end of the wave using Elliott and Fibonacci time and price
Disadvantages of Dynamic Trader Software
The required data must be transferred from other software to this software and there is no data in its memory
On a logarithmic scale, it sometimes draws retrieval by mistake.
Many of the technical indicators found in MetaTrader, such as Ichimoku, are not available in this software.
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3- Amy Broker software
Amy Broker is another technical analysis software that has become very popular among analysts. AFL is the programming language of this software.
Benefits of Amy Broker Software
The software has a high graphics capability that you can view the charts in different shapes and in side windows and various colors.
With the help of this software, you can create your own indicator and trading system by writing formulas.
In this software, you can manage your portfolio and track your profits and losses.
Demonstration of harmonic patterns is possible by installing a special program in this software.
The Ichimoku indicator can be added to the software
Disadvantages of Amy Broker software
Do not count Elliott waves automatically (automatic)
Crowded user interface when analyzing and lack of power to clear extras
4- Motivo software
This software is a very complete technical analysis software that has attracted many users around the world and is made by a company in Toronto.
Benefits of MotiveWave Software
Has more than 300 advanced indicators
Ability to view multiple charts simultaneously
Ability to count Elliott waves automatically, semi-automatically and manually
Has an advanced alert system for buying and selling
Detects harmonic patterns well
Create relativity charts
Has training mode or training
Automatically save analysis on software
Disadvantages of Motivo software
Does not have the ability to add a personal indicator or trading system
Sometimes candles disappear from the screen.
5- Addons Get software
This software is a sophisticated and advanced software that performs Elliott count extraordinarily. This software is one of the most expensive software in the financial world.
Features of Addons Get software
Elliott Wave Counting Automatically and Professionally
Identify minor and major pivots
Using this software, the Andrews fork can be drawn with less error
Disadvantages of Addons Get software
It is a bit difficult to prepare and enter data into this software
Does not show harmonic patterns automatically.
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