Trendlines, Fibonacci Retracements, Linear Regression Channels
Geometrical shapes, programmable indicators
Backtesting
Not specified
Yes; includes System Tester for strategy backtesting
Not specified
Alerts
Not specified
Yes; supports alerts based on trading systems and price movements
Not specified
Portfolio Management
Yes; supports multiple portfolios and currencies with periodic price updates
Yes; includes portfolio and watchlist features
Not specified
Customization & Scripting
Supports extensions via CGScript (C99 dialect)
Visual Trading System Editor; allows defining trading systems without programming
Programmable with Basic and C++; MT4 indicators can be ported
Unique Features
Spreadsheet-like data manager; tab-based GUI
Point & Figure charts with adaptive box sizes; visual strategy builder
Astro indicators; supports real-time data for various types including temperature; flexible for non-financial data analysis
Ease of Use
Moderate; requires familiarity with technical analysis concepts
User-friendly; designed for ease of use with minimal configuration
Moderate; offers extensive customization which may require a learning curve
Best For
Users seeking a cross-platform, open-source TA tool with scripting capabilities
Traders looking for a comprehensive, user-friendly TA tool with backtesting and alert features
Advanced users interested in extensive customization, real-time data, and non-financial data analysis
Summary
Chart Geany: Ideal for users who prefer an open-source, cross-platform tool with scripting capabilities for technical analysis.
Stockalyze: Best suited for traders seeking a user-friendly interface with robust features like backtesting, alerts, and portfolio management.
QChartist: Suitable for advanced users who require extensive customization, real-time data support, and the ability to analyze various types of data beyond financial markets.
The Volume Weighted Average Price (VWAP) by Brian Shannon is the daily benchmark that measures the success of institutional buy and sell orders. It has been used since its introduction in 1988.
Over the last two decades, the use of VWAP as an intraday analysis tool has grown as more participants have come to recognize how institutional orders are based around the daily VWAP.
More recently, the “Anchored” VWAP (“AVWAP”) has become widely adopted as access to this tool has grown to be included in many popular charting platforms.
Highly flexible: Open-source code allows unlimited customization and development.
Limited customization, with proprietary constraints.
Cost
Free and open-source.
Freemium: Basic features free, advanced features require paid plans.
Indicator Library
Extensive and customizable. Users can create or modify indicators.
Large library, but users need to use Pine Script for custom indicators.
Accessibility
Requires download and installation.
Accessible from any browser or device with internet.
Data Sources
Can be manually integrated; flexibility depends on user configuration.
Offers built-in market data; additional sources may require subscription.
Performance
High performance: Local processing ensures quick analysis even on slower networks.
Dependent on server availability and network speed.
Community Support
Smaller, more developer-focused community.
Large community of traders and Pine Script developers.
Automation and Scripting
Full access to the source code enables deep integration and automation.
Offers Pine Script for automated strategies, but limited to the platform.
Updates and Evolution
User-driven updates: Anyone can contribute to the project.
Updates managed by the company, with limited user influence.
Offline Access
Fully functional offline.
Requires an internet connection.
Mobile Support
Limited to desktop or manual porting by users.
Strong support for mobile and tablet devices.
Highlighted Pros of QChartist
Faster Indicator Loading: Since all computations are processed directly by the CPU, QChartist is significantly faster for loading and analyzing indicators, especially on local machines.
Flexibility and Customization: The open-source nature of QChartist provides unparalleled flexibility, allowing users to modify, extend, or integrate it as per their requirements.
Cost-Effectiveness: Being free and open-source, QChartist is an attractive option for cost-conscious users.
Offline Usability: Unlike TradingView, QChartist does not require an internet connection, making it reliable for users with limited or no access to online resources.
High Performance: Local processing ensures consistent performance, unaffected by server downtime or internet lag.
Use Case Recommendations
Choose QChartist: If you prioritize speed, customization, offline access, or open-source projects.
Choose TradingView: If you value cloud accessibility, a large community, and integration with market data sources.
Robert Kiyosaki (Rich Dad Poor Dad) said : a vision of enrichment based on financial discipline and the patient accumulation of wealth ; Eliminate impulse or non-essential spending choose QChartist, it’s free ; you already save 20-50$ per month ; practice and apply our winning trading system with discipline ; patiently accumulate wealth ; enjoy
On Kucoin for example, as the volatility was too important, it was very easy in these market conditions for the market makers to win and to liquidate their customers leveraged positions. Crypto leveraged futures trading is a very risky game for the retail trader on most brokerage platforms.
Below you can see a dangerous 240% change doji candle in 2 minutes. With this kind of huge volatility, this explains why you should use leverage with very caution.
Yet, on the ZERO/USD chart on linea network via geckoterminal.com you can see that the price arbitrage was more fairplay. This is a common case of fraud on the crypto market. I repeat, use leverage with very caution. This is what happens when crypto markets are not enough regulated, market makers become sharks and want to eat everything, especially leveraged positions.
Rules: use leverage with caution or leverage x1 = less risk of liquidation Use 1/3 of capital per position max. Use the remaining 1/3 and 1/3 in case you are under the water. Use tp and sl instead of close at market price to increase your chance of winning position when you scalp.
Enter a leveraged position only if you use Vegas indi well configured (with all other indis) with a small part of your capital, when price reach the third orange line of Vegas (see pictures below). If you do not use Vegas, do not use leverage.
Le besoin d’avoir raison aux yeux des autres peut être lié à plusieurs facteurs psychologiques, notamment l’estime de soi et la perception de la faiblesse. Les individus qui ressentent ce besoin peuvent voir l’admission d’une erreur comme un signe de vulnérabilité, ce qui peut affecter leur image personnelle et leur ego 25. Ce besoin peut également être amplifié par des expériences passées où leur opinion a été ignorée ou dévaluée, les poussant à défendre leurs points de vue avec plus d’ardeur 2. Facteurs psychologiques
Estime de soi fragile : Les personnes qui ont un ego fragile peuvent ressentir une pression intense pour prouver qu'elles ont raison, car cela renforce leur sentiment de valeur personnelle 5.
Compétition sociale : Le besoin d'être perçu comme correct peut également découler d'une dynamique de compétition, où les individus cherchent à se positionner favorablement par rapport aux autres 13.
Différence avec ceux qui ont raison
Les personnes qui ont réellement raison peuvent être moins préoccupées par l’approbation des autres, car leur confiance en leur connaissance ou leur expertise est plus solide. Elles peuvent comprendre que la vérité ne dépend pas de l’opinion des autres et peuvent choisir de ne pas s’engager dans des débats inutiles 1. Cela peut également être lié à une maturité émotionnelle qui leur permet de reconnaître que le besoin d’avoir raison n’est pas toujours essentiel pour leur bien-être ou leurs relations
major bug with the Data Source for ALL providers solved
Added WolfeWave mode for Zup Only ray trendlines are drawn on the chart Run update or download the software on the official website. Thank you for using our software. Enjoy !
Major bug in Data Sources solved Now all indicators work perfectly Run update or download the last version from the website Thanks for using our software. Enjoy !
