StockCharts Alternatives: Useful Tools for Charting, Backtesting and Analytics

When considering alternatives to StockCharts, it’s important to thoroughly evaluate each option to ensure it meets your specific trading and analysis needs.

Charting tools are essential in finance, helping to simplify and analyze complex data for better decision-making. Choosing the right tool can significantly affect how market trends are interpreted and understood.

What is StockCharts used for

StockCharts is a well-known provider of financial charting tools, offering detailed market data and a range of features to support both novice and experienced traders.

StockCharts features a straightforward interface with various chart types such as SharpCharts, Point & Figure, and PerfCharts. It allows users to customize their analysis through features like ChartLists and sector summaries. The platform also includes technical scans and alerts to keep users informed about market changes, supporting effective financial analysis.

Why Look for StockCharts Alternatives

As a trader, looking for alternatives to StockCharts can be driven by several factors related to its features and functionality that may not fully meet your trading needs.

Here are some reasons why you might seek other options:

1. Limited customization: If StockCharts does not offer the level of customization you need in terms of chart settings, types, and indicators, it might limit your ability to tailor the analysis to your specific trading strategy.
2. Real-time data access: Depending on your subscription level, access to real-time data might be restricted. Real-time data is crucial for day traders or those involved in highly volatile markets where price movements can be sudden and significant.
3. Lack of data sources: Some other competitors offer more detailed data sets compared to StockCharts, which is, perhaps, the most important thing for such websites.
4. Integration with trading platforms: StockCharts primarily focuses on charting and does not integrate directly with trading platforms for executing trades. Traders might prefer a more seamless experience where they can analyze and trade within the same platform.
5. Backtesting tools: Many traders look for backtesting features to not only view the historical data, but to test their trading strategies to make even more informed decisions. Unfortunately, StockCharts is not a good fit for this.

And even if you are generally satisfied with StockCharts, exploring alternatives could provide you with tools that better fit your trading style, offer more value for money, or allow you to make timely and well-informed decisions. So, let’s look at the alternatives.

StockCharts Competitors: Overview

StockCharts is one of several charting tools available to traders and investors. While it provides a range of features suitable for various analytical needs, there are other platforms in the market that offer distinct functionalities, pricing models, and user experiences.

Each of these StockChart competitors offers unique strengths that might be preferable depending on a user’s specific needs such as cost-effectiveness, ease of use, advanced analytical tools, or integration capabilities. In the following sections, these platforms will be compared in detail with StockCharts on these parameters.

This part will introduce the major competitors to StockCharts.

1. StockCharts vs FTO

Forex Tester Online (FTO) presents itself as an optimal solution for traders focused on backtesting their trading strategies. Unlike StockCharts, which primarily offers charting tools and real-time data, FTO specializes in simulating trading environments to refine trading tactics without financial risk.

Key Features of FTO

• Web-Based Simulator: FTO operates entirely online, allowing users to access the platform from any device with internet connectivity, including Windows, MacOS, Linux, Android, and iOS. This accessibility is a significant advantage for traders who prefer flexibility and the ability to work from multiple locations.
• Advanced Backtesting Tools: FTO leverages real, high-quality historical data across 30 symbols with up to 20 years of data. This extensive historical data is essential for accurate backtesting, providing a solid foundation for testing strategies over different market conditions.
• Speed of Testing: One of FTO’s standout features is its ability to speed up the testing process. It can simulate trading environments at a pace 10 times faster than conventional demo accounts, drastically reducing the time traders spend waiting to see the results of their strategies.
• Risk Management: The platform allows for the setting of stop-loss and take-profit levels, and the tracking of open positions. This functionality helps traders implement and test their risk management strategies in a controlled environment.
• Cost Efficiency: While StockCharts requires a subscription for full features, FTO offers significant functionalities for free, making it a cost-effective option for traders starting out or looking to minimize expenses.

FTO is tailored for traders who need powerful backtesting capabilities that StockCharts does not provide. The emphasis on simulating realistic trading conditions and allowing for rapid progression in strategy testing makes FTO a valuable tool for traders aiming to enhance their trading skills efficiently and safely.

These two programs provide different capabilities, so they complement each other perfectly. You can use one to create and analyze charts, and the other to backtest strategies.

2. StockCharts vs TradingView

TradingView is a popular platform that combines charting tools with a social network for traders. It is widely used by a variety of financial professionals, offering real-time data, diverse indicators, and a community where users can exchange trading ideas.

Although they serve different needs, TradingView and StockCharts can be used together. TradingView can help test ideas and learn from others, while StockCharts provides detailed technical studies for precise trading decisions. Combining both platforms can give traders a more comprehensive understanding of the markets, blending community insights with specialized analysis.

3. StockCharts vs Google Charts

And more alternatives to StockCharts…

If this is still not enough, you may also try these StockCharts alternatives:

• Forex Tester
• TakeProfit
• StockMarketEye
• Snowball Analytics
• TrendSpider
• YCharts
• MarketSmith
• Chartboard
• Stock Rover
• Profit.com
• Seeking Alpha
• MetaStock
• jForex
• Soft4FX
• Ctrader

Final Thoughts

Each of these alternatives offers unique strengths that can be suitable for different users depending on their specific needs, such as data analysis, publishing, or active trading. We hope you find a tool that you are going to test and implement in you analysis, charting and trading.

1. Forex Tester Online (FTO) builds on the established Forex Tester tool, providing advanced backtesting and analytics for Forex traders. FTO suits for traders seeking accessible advanced Forex trading analytics. This is a perfect alternative to StockCharts when it comes to backtesting.
2. TradingView is a favorite among more advanced traders due to its comprehensive technical analysis tools, social networking features, and ability to trade directly from charts. It supports a wide range of asset classes including stocks, cryptocurrencies, and Forex.
3. Google Charts offers a versatile and free solution for creating customizable and dynamic charts. It is widely used for its integration capabilities with other Google services and web applications, making it suitable for real-time data presentations on accessible platforms. This is the most popular StockChart competitor tool on the market.
4. Infogram is another popular tool, especially for those looking to blend charting with infographic capabilities. It provides an easy-to-use interface that is beneficial for presenting data-driven content visually in reports and presentations.
5. FusionCharts is well-suited for developers looking to embed charts into applications and websites. It supports extensive customization and has a vast library of chart types which can integrate smoothly with various development frameworks

You can also try other tools that you liked as StockCharts alternatives. Good luck!