Top 5 Technical Analysis Tools

Technical analysis helps in forecasting the direction of stock prices through the study of patterns in historical market data – price and volume. One thing is sure to do technical analysis, you should know technical analysis price, volume, period, and chart patterns. 

To help you with the technical analysis here are 5 Technical analysis tools.

Top 5 Technical Analysis Tools

#1 TradingView

TradingView is one of the top tools for doing technical analysis. You can do technical analysis of stocks to cryptos, securities, and even Mutual Funds using this tool.

More than 30 million traders and investors worldwide use TradingView, which is a charting platform and social network for traders and investors.

You can create your portfolio and set price alert or even compare charts to level up your TA(Technical Analysis). 

Top Features

• Multiple charting tools and indicators
• Alerts on price, indicators & strategies
• Backtesting feature
• Detailed reports on your strategy’s performance
• Social network of traders and investors

#2 Amibroker

Amibroker is the ideal technical analysis tool if you’re a system trader. It comes with many screeners through which you can scan tons of strategies within seconds. It also has almost all the TA tools that you’ll need during your research.

What makes AmiBroker even better is the presence of a batch processor that lets you automate your routine. It does this with the help of a Windows scheduler which means that you can train the tool to perform certain actions even when you are MIA automatically.

Top Features

• Easy-to-use and beautiful charts
• Automation and batch processing
• Robust charts with customizable options
• Backtesting And Optimization
• Free Trial

#3 ThinkorSwim

Traders and investors can analyze financial markets with a wide range of advanced technical indicators and tools using Thinkorswim’s Technical analysis tool. This tool has a user-friendly interface and extensive customization options. One of the key features of Thinkorswim’s tool is its advanced charting capabilities, which provide traders with a comprehensive range of charting options and technical indicators.  

Top Features 

• Available on desktop as well as mobile 
• Supports algorithmic trading
• Built especially for traders
• On-time support and assistance

#4 eSignal 

eSignal is equipped with cutting-edge technology and intuitive design. eSignal is the perfect choice for all types of traders. Whether you’re just starting or an experienced pro, eSignal has something to offer everyone. 

It provides real-time quotes and charts with powerful technical analysis tools that allow users to make informed decisions quickly and easily. 

Traders can also take advantage of advanced charting capabilities, such as Fibonacci retracements and indicators like MACD, RSI, and Stochastics, which help identify trends in the markets so they can take advantage of them before they disappear!  

Top Features

• Easy navigation system 
• Multiple window trackers facility 
• User-friendly interface
• 24/7 support and assistance are available 

#5 Ninja Trader

Traders and investors alike enjoy the advanced tools and feature NinjaTrader offers, making it a popular choice for both beginners and seasoned professionals. 

NinjaTrader also offers advanced and unique charting capabilities. It offers many customizable options and lets you play around with the price charts as you like it. Not just that, you also get to have your hands on tons of technical indicators, screeners, and drawing tools that can instantly improve your skills as a trader. 

Top Features

• Suitable for all kinds of traders and investors who study the charts
• Affordable plans
• Automated trading feature
• A lot of educational content to learn about trading

Over to you

Which technical analysis tool do you use? Can you spare a few minutes to share your feedback in the comment section?