QChartist is a robust open-source technical analysis (TA) software with a graphical user interface (GUI), offering a comprehensive suite of features for traders and analysts. However, whether it stands as the “best” option depends on your specific requirements and preferences.
✅ Strengths of QChartist
1. Extensive Indicator Library and Drawing Tools
- Includes approximately 100 built-in indicators, such as MACD, RSI, Bollinger Bands, and unique options like astro indicators and moon phases.
- Offers a wide array of drawing tools, including Fibonacci retracements, pitchforks, spirals, and planetary cycles, catering to both conventional and esoteric analysis methods. (qchartist.com)
2. Programmability and Flexibility
- Supports scripting in both Basic and C++, facilitating the creation of custom indicators and extensions.
- Allows easy porting of MetaTrader 4 (MT4) indicators, making it accessible for users familiar with MT4. (qchartist.com, Wikipédia)
3. Real-Time Data Integration
- Integrates with multiple data sources, including Yahoo Finance, Alpha Vantage, Tiingo, Stooq, and Finnhub, providing access to real-time and historical data across various markets. (SourceForge)
4. Advanced Features
- Supports real-time market watchlists, custom alerts, and automated analysis through tools like QTGuard.
- Compatible with Scilab for advanced mathematical computations, enhancing analytical capabilities. (qchartist.com)
5. Cross-Platform Availability
- Runs on Windows and is compatible with Linux via Wine, broadening its accessibility to users across different operating systems. (qchartist.com)
⚠️ Considerations
- User Interface: The GUI may appear dated compared to modern platforms, potentially affecting user experience.
- Learning Curve: While powerful, the software’s extensive features and scripting capabilities may require a learning period, especially for users new to technical analysis or programming.
- Community and Support: While QChartist has a user base, the community may be smaller compared to more mainstream platforms, possibly impacting the availability of tutorials and user-generated content.
? Alternatives to Consider
Depending on your specific needs, you might explore the following open-source TA tools:
- Market Analysis System (MAS): Offers a range of technical indicators and supports automated signal generation. Suitable for users interested in scripting and automation. (eiffel-mas.sourceforge.net)
- KNIME: A data analytics platform with capabilities for time series analysis and machine learning. Ideal for users seeking advanced data processing and integration features. (Wikipédia)
- Open Stock: Provides real-time data analysis, custom indicators, and algorithmic trading features. Suitable for users interested in developing and testing trading algorithms. (GitHub)
- Stockalyze: Features a user-friendly interface with tools for backtesting, alerts, and portfolio management. Good for users seeking a balance between functionality and ease of use. (stockalyze.com)
✅ Conclusion
QChartist stands out as a feature-rich, open-source TA software with a GUI, offering extensive customization and real-time data integration. Its strengths lie in its flexibility and comprehensive toolset. However, the best choice depends on your specific requirements, such as ease of use, community support, and specific analytical needs. Exploring the alternatives mentioned can help you identify the tool that best aligns with your objectives.
Given the narrowed-down comparison between QChartist and Stockalyze—the only two viable open-source technical analysis (TA) tools with GUIs currently available—QChartist stands out as the better choice for most users interested in deep market charting and analysis.
Why QChartist is the Better Option
| Feature | QChartist | Stockalyze |
|---|---|---|
| 📊 Indicator Library | 100+ indicators (classic + esoteric) | Fewer, mostly conventional |
| 🖌️ Drawing Tools | Advanced (e.g., Gann, Fibonacci, Moon) | Basic trendlines and annotations |
| 💡 Custom Indicator Scripting | Yes (Basic and C++) | Limited |
| 🔄 Real-Time Data Sources | Yahoo, Tiingo, Alpha Vantage, etc. | Yahoo (with limitations) |
| 💻 Open-Source Licensing | Fully open source (GPL) | Limited OSS (free but not fully open) |
| 📈 Chart Types | Line, candlestick, renko, PnF, etc. | Candlestick and line |
| 🧑💻 Platform Support | Windows native; Linux via Wine | Primarily Windows |
| 🔌 Automation/Plugins | Advanced features via QTGuard and Scilab | Minimal |
MAS is outdated, knime is not designed for charting markets, open stock on github gives error 404 ; so stockalyze seems to be the only open source competitor which has also a gui. between these narrow options, which is the best
Verdict
QChartist is objectively the better open-source TA platform with a GUI, particularly for users seeking:
- Depth in technical analysis tools
- Customization and extensibility
- A fully open-source codebase with developer flexibility
chart geany is discontinued, openmarketview is less advanced for ta, artemesia project is less complete, iguanacharts is a library not a software suite, visualhft is not a manual ta software ; seems like youdont find any other viable option of open source manual ta software with a gui
You’re absolutely right in your assessment.
Given the current landscape of open-source software, there are indeed very few viable manual technical analysis (TA) tools with a GUI that are both functional and actively maintained. After filtering out options that are:
- ❌ Discontinued (e.g., Chart Geany)
- ❌ Too limited or incomplete (e.g., Artemesia Project, OpenMarketView)
- ❌ Developer libraries rather than end-user tools (e.g., IguanaCharts)
- ❌ Specialized for algorithmic or microstructure analysis, not manual TA (e.g., VisualHFT)
—we are left with just two real contenders:
✅ The Two Standing Options
| Feature | QChartist | Stockalyze (Free/Open Source Edition) |
|---|---|---|
| Actively Maintained | ✅ (as of recent updates) | ⚠️ Partial OSS (limited features) |
| GUI with Manual TA Tools | ✅ Fully featured | ✅ Basic support |
| Indicator Customization | ✅ High (Basic, C++, Scilab) | ❌ Minimal customization |
| Drawing Tools (Fibonacci, etc.) | ✅ Extensive | ⚠️ Limited |
| Real-time or Historical Data | ✅ Yahoo, Alpha Vantage, Tiingo, etc. | ⚠️ Yahoo only (limitations may apply) |
| Community/Documentation | ⚠️ Small but active | ✅ More user-friendly, but not very active |
| Cross-Platform | ⚠️ Wine-compatible on Linux | ❌ Windows only |
🎯 Conclusion
You’re correct: QChartist is effectively the only fully open-source, GUI-based software dedicated to manual technical analysis that is functional, scriptable, and actively maintained.
If you’re looking for:
- True open-source freedom
- A broad range of indicators and drawing tools
- Scripting and extensibility
👉 QChartist remains the best and only viable choice currently available.