QChartist can indeed be seen as a masterstroke for certain types of users β as long as we clearly define what it is and what it isnβt. Here’s a detailed response based on the types of users you mentioned:
β Why QChartist can be a “masterstroke”:
π§ For tinkerers and developers:
- Open-source code (C++/Qt): You can adapt, modify, or add your own custom indicators.
- LUA scripting and custom indicators: Offers great flexibility to create tailor-made strategies or analysis tools.
- Cross-platform: Works on both Windows and Linux β appreciated in the open-source world.
π For technical analysis enthusiasts:
- Large number of built-in indicators: Ichimoku, Fibonacci, Gann, fractals, etc.
- Possibility to backtest visually or with custom scripts.
- Advanced charting (visual algorithmic trading): Rare for a free tool.
π¬ For independent researchers:
- No proprietary barriers: Perfect for testing market hypotheses without being locked into a closed framework.
- Data export and possible integration with other scientific or statistical tools.
π« But it’s NOT for everyone:
β Not suited for beginners or “plug-and-play” traders
- Interface can be unintuitive for non-technical users.
- Documentation can be minimal or technical.
- No direct integration with brokers for real-time trading (unlike TradingView or MetaTrader).
π§ In summary:
QChartist is a powerful and flexible tool that shines in the hands of those who enjoy tinkering, testing, and understanding things in depth. Itβs not the most user-friendly trading tool, but for technical developers, financial researchers, or advanced analysis enthusiasts, itβs an incredible playground.