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MultiCharts

Brand : MultiCharts

Starting at $ 97.00

MultiCharts is a technical analysis and online trading platform designed to analyze the financial market and trade seamlessly. ...Read more

MultiCharts Software Pricing, Features & Reviews

What is MultiCharts?

MultiCharts is a comprehensive trading and stock market software designed for day trading as well as long-term investment. This platform is suitable for both individual and institutional traders as it offers extensive features and tools. Market analysis, developing trading strategies, and effective trade execution become simple with MultiCharts.

The software allows traders and investors to implement their trading strategies with offered technical indicators and other tools like charting, backtesting optimization, and others.

Notable Features of MultiCharting

  • Chart Trading: One of the major features of MultiCharts is chart trading. This allows traders to check price movements using technical analysis indicators to make informed decisions.
  • Chart Analysis: This feature enables precise movements of price to determine what would be the next move of a trader.
  • Volume Analysis: Volume Analysis provides various tools to analyze trading volume including volume indicators, volume bars, and volume profiles.
  • Depth of Market (DOM): MultiCharts provides in-depth data of the market like volume profile and allows one-click trading opportunities.
  • Strategy Trading: Traders can use strategy trading where they can get tools to develop, test, and optimize their trading strategies.
  • Market Scanner: Allows users to scan all the securities one-by-one simultaneously in real-time and helps to identify trading opportunities.
  • Trading Strategy Optimization: There are various tools offered by MultiCharts to optimize strategies like backtesting and parameter optimization.
  • Automated Trading: This platform supports automated trading using its scripting language (PowerLanguage).
  • Portfolio Trader: This feature helps traders to simulate and auto-trade whole portfolios, which include hundreds of stocks, futures, and other assets.
  • Visual Trading: MultiCharts offer visual trading of market data and trading signals to understand easily.
  • Order and Position Tracker: This feature offers a complete summary of orders, positions, and accounts for all brokers utilized for trading.
  • Symbol Mapping: It allows you to trade any symbol from any chart via symbol mapping. MultiCharts describes how an order appears to a broker, allowing for any combination of data streams and brokers.
  • Data Management: MultiChart has capabilities of data management for which it has a local data management and storage system called QuoteManager. It offers all types of data management and maintenance.
  • Strategy Backtesting: Backtesting software tests your strategy using historical data and generates a backtesting report, allowing you to conduct an accurate trading system examination.

Why Choose MultiCharts?

The major reasons for choosing MultiCharts are the following:

  • MultiCharts is available with powerful technical analysis tools, allowing traders to perform in-depth market analysis to find optimal trading opportunities.
  • This platform also offers a customizable user interface where traders can tailor the dashboard as per their trading preferences.
  • Backtesting and optimizing trading strategies is another major reason to choose MultiCharts over other platforms. This platform uses historical data for performance evaluation and to find areas of improvement.
  • The powerful scripting language is another reason to choose MultiCharts. It allows traders to develop highly customizable trading strategies and indicators.
  • One can also get numerous optimization tools to refine trading strategies and determine which strategies have the most profitable parameters. The major tools are genetic algorithms, walk-forward optimization, custom optimization, and more.
  • MultiCharts also offers real-time data feeds to traders, allowing them to get the most updated and latest information on the market. This helps them to fine-tune their trading strategies to make the best out of them.

Who can use MutiCharts?

There are many users of MultiCharts. Some of them are the following:

  • Individual Traders: Both beginners and professional individuals can use MultiCharts.
  • Day Traders: Day traders who need real-time data are also potential users of MultiCharts.
  • Swing Traders: Traders who need to identify long-term trends can also use MultiCharts.
  • Position Traders: Traders who focus on long-term investments are also potential users.
  • Algorithm Traders: MultiCharts also offer algo trading, thus, allowing algorithm traders to use the platform.

MultiCharts Pricing Plans

The MultiCharts pricing starts from $97 per month. There are other plans as well that cost higher as per time frame. However, the price per month may also increase with the addition of features.

  • MultiCharts Pricing for 1 Month - $97 per month
  • MultiCharts Pricing for 3 Months - $89 per month
  • MultiCharts Pricing for 1 Year - $66 per month
  • MultiCharts Pricing for Lifetime - $1,497

(The per-month pricing is only applicable when you pay it in one go!)

MultiCharts Pricing & Plans

Monthly Subscription
  • Monte Carlo Simulation
  • Position Sizing Calculator
  • Stop-Loss Automation
  • Maximum Drawdown Analysis
  • Rotational Trading
  • Spread Trading
  • Customizable Reports
  • Trade Performance Attribution
  • Market Data Integration
  • Brokerage Integration
    • License
    • Monthly
Starting at $ 97
Annual Subscription
  • Monte Carlo Simulation
  • Position Sizing Calculator
  • Stop-Loss Automation
  • Maximum Drawdown Analysis
  • Rotational Trading
  • Spread Trading
  • Customizable Reports
  • Trade Performance Attribution
  • Market Data Integration
  • Brokerage Integration
    • License
    • Yearly
Starting at $ 792
Lifetime License
  • Monte Carlo Simulation
  • Position Sizing Calculator
  • Stop-Loss Automation
  • Maximum Drawdown Analysis
  • Rotational Trading
  • Spread Trading
  • Customizable Reports
  • Trade Performance Attribution
  • Market Data Integration
  • Brokerage Integration
    • License
Starting at $ 1497

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MultiCharts Features

Integrations

  • icon_check API Integration Connects with external APIs for custom trading, data feeds, or system automation.
  • icon_check Multi-Language Support Provides the ability to use the software in various languages for global accessibility.
  • icon_check Third Party Integration Supports tools like research platforms, analytics software, and financial news services.
  • icon_check Market Data Integration Links the platform to real-time market data feeds for timely trading decisions.
  • icon_check Brokerage Integration Connects to brokerage accounts for seamless trading and order execution.
  • icon_check Cloud Data Integration Stores and accesses trading data through cloud services for scalability.
  • icon_check Social Media Integration Connects with social platforms to track sentiment, discussions, and trends.

Core Features

  • icon_check Portfolio Management Track and analyze investment holdings, returns, and asset allocation in real time.
  • icon_check Market Data Real-time and historical stock price feeds, trade volume, and market indices for analysis.
  • icon_check Watchlist A customizable list for monitoring preferred stocks, providing real-time updates on price and volume.
  • icon_check Charting Tools Visual tools for analyzing stock trends and patterns using technical indicators and price movements.
  • icon_check Order Control Tools to manage, modify, and cancel buy or sell orders efficiently on the trading platform.
  • icon_check Order Execution Automated system to process buy/sell orders directly via the broker and stock exchange.
  • icon_check Stock Screener Filters stocks based on specific criteria like market cap, P/E ratio, or price movement.

Order Execution

  • icon_check Limit Order An order to buy/sell at a specific price or better, ensuring price control but not guaranteed execution.
  • icon_check Market Order Buy/sell immediately at the current market price, ensuring execution but no price control.
  • icon_check Stop (Loss) Order Automatically sells stock when it drops to a pre-set price to minimize losses.
  • icon_check Stop Limit Orders Combines a stop-loss order with a limit order to sell/buy once a set price is triggered.
  • icon_check Trailing Stop Order Automatically adjusts stop price as the market price moves in favor of the position.

Research and Analysis

  • icon_check Multi-Timeframe Analysis Analyzes price trends across different timeframes for better decision-making.
  • icon_check Sentiment Analysis Evaluates market sentiment from news and social media to gauge stock trends.
  • icon_check Advanced Order Flow Analysis Tracks and analyzes buying and selling activity across the market.
  • icon_check Analyst Ratings Displays professional analyst opinions on stocks, including buy, hold, or sell recommendations.

Trading Options

  • icon_check Paper Trading Practice trading without risking real capital using simulated environments.
  • icon_check Swing Trading A strategy that captures shortto medium-term gains from price swings.
  • icon_check Intraday Trading Buy and sell stocks within the same trading day to capitalize on short-term movements.
  • icon_check Derivative Trading Trade derivatives like options, futures, and swaps based on underlying assets.
  • icon_check Algorithm Trading Executes trades based on pre-set algorithms without manual intervention.
  • icon_check Options Trading Allows the buying/selling of call and put options for speculative or hedging purposes.
  • icon_check Futures Trading Trade contracts to buy or sell assets at a future date at predetermined prices.
  • icon_check Forex Trading Enables trading in currency pairs based on fluctuations in the foreign exchange market.
  • icon_check Crypto Trading Buy/sell cryptocurrencies like Bitcoin and Ethereum on dedicated platforms.
  • icon_check Automatic Trading Uses automated systems to execute trades according to predefined criteria.
  • icon_check Rotational Trading Alternates investments between sectors, asset classes, or strategies based on market trends.
  • icon_check Spread Trading Speculative trading of the price difference between two assets.

Account Management

  • icon_check Multi-Factor Authentication (MFA) Adds a second layer of security to protect accounts from unauthorized access.
  • icon_check Customizable User Interface Allows users to personalize the layout and appearance of the platform.
  • icon_check Audit Trail Tracks and logs user activity to maintain compliance and security.
  • icon_check User Access Management Controls who can execute trades, view reports, or manage funds based on assigned privileges.
  • icon_check Account Summary Reports Provides detailed summaries of account balances, holdings, and transactions.

Technical Analysis

  • icon_check Trendlines Visual representation of stock price trends over time to predict future movements.
  • icon_check Technical Indicators Tools like RSI and MACD for analyzing stock price momentum and direction.
  • icon_check Custom Indicators Create and apply personalized technical indicators for unique trading strategies.
  • icon_check Smart drawing tools Customizable tools to draw patterns like support, resistance, and Fibonacci retracements.
  • icon_check Automated Technical Patterns Detection Automatically identifies patterns like head and shoulders or flags.

Fundamental Analysis

  • icon_check Industry Analysis Compares stock performance against industry benchmarks for relative valuation.
  • icon_check Balance Sheet Shows a company's assets, liabilities, and shareholders’ equity for financial health analysis.
  • icon_check Income Statement Displays a company’s revenue, expenses, and profitability over a specific period.
  • icon_check Financial Ratios Key metrics like P/E and P/B ratios to evaluate stock value relative to financial performance.
  • icon_check Cash Flow Statements Tracks cash inflows and outflows to assess company liquidity and operational efficiency.
  • icon_check Earnings Forecasts Predicts future earnings based on historical data and market conditions.
  • icon_check Company Valuation Models Estimates a company’s value based on DCF, NPV, and other valuation methods.

Backtesting and Optimization

  • icon_check Paper Trading Practice trading without risking real capital using simulated environments.
  • icon_check Historical Data Simulation Tests trading strategies against past data to assess their effectiveness.
  • icon_check Strategy Tester Evaluates the performance of trading strategies before deploying them in live markets.
  • icon_check Strategy Optimization Fine-tunes trading strategies by adjusting parameters for improved performance.
  • icon_check Monte Carlo Simulation Uses probabilistic models to forecast trading outcomes in uncertain conditions.

Risk Management

  • icon_check Performance Analytics Tracks portfolio and trade performance through returns, drawdowns, and risk measures.
  • icon_check Position Sizing Calculator Determines the appropriate trade size based on risk tolerance and market conditions.
  • icon_check Stop-Loss Automation Automatically implements stop-loss rules to limit potential trading losses.
  • icon_check Maximum Drawdown Analysis Measures the largest peak-to-trough decline in a portfolio's value.
  • icon_check Risk Calculator Estimates potential profit/loss scenarios based on trade size and risk percentage.
  • icon_check Diversification Analysis Analyzes portfolio risk by evaluating asset allocation and exposure to different sectors.

Reporting & Analytics

  • icon_check Dashboards Visual displays of key metrics like portfolio performance, risk levels, and trade history.
  • icon_check Portfolio Tracking Real-time tracking of your investments, including value, returns, and allocations.
  • icon_check Customizable Reports Tailored reports to analyze performance, tax implications, or investment behavior.
  • icon_check Trade Performance Attribution Breaks down the source of trading gains or losses for better analysis.
  • icon_check Risk Analytics Analyzes portfolio risks by measuring volatility, drawdowns, and exposure.

Alerts & Notifications

  • icon_check Price Alert Notifies users when stock prices reach a specific target or threshold.
  • icon_check Push Notifications Sends updates directly to mobile devices for timely decisions.
  • icon_check Volume Alerts Signals abnormal trading volume, indicating potential market movements.
  • icon_check Real-Time Market Updates Sends alerts on price changes, market movements, and breaking news.
  • icon_check News Alert Delivers important financial news related to specific stocks or sectors.
  • icon_check Sentiment Alerts Notifies users of changes in market sentiment based on social or news analysis.

MultiCharts Specifications

  • Supported Platforms :
  • Device:
  • Deployment :
  • Suitable For :
  • Business Specific:
  • Business Size:
  • Customer Support:
  • Training:
  • Language:
  • Windows
  • Desktop
  • Perpetual
  • Stock Market
  • Traders, Finance Services
  • Small Business, Startups, Medium Business, Enterprises,
  • Email, Communities, Forums
  • Videos
  • English

MultiCharts Reviews

86%

Have recommended this product

Overall Score

4.2/5
Based on 10 Reviews

Review this product

Your valuable feedback helps others like you make a better decision.

Pros

pros_icon “MultiCharts offers a variety of tools for volume analysis, such as volume bars and indicators. This has been helpful in understanding market trends and making informed trades.” Nishu Chawla - Sep 2, 2024

pros_icon “MultiCharts offers solid data management through QuoteManager, which helps me maintain and organize data effectively. It’s useful for managing historical data too.” Nishant Goyal - Jul 18, 2024

pros_icon “The Portfolio Trader tool on MultiCharts is useful for managing multiple assets at once. It’s made handling a variety of stocks and futures much simpler for me.” Rakesh - Jul 18, 2024

Cons

cons_icon “Although the visuals are great, the interface can feel crowded. Some customization options would make it easier to arrange everything the way I like. ” Nitish Kumar - Sep 5, 2024

cons_icon “Setting up automated trading can be challenging without coding experience. A few more beginner-friendly resources would be helpful. ” Nitin Sikri - Sep 2, 2024

cons_icon “Some of the volume tools feel a bit outdated. An update with more modern visuals would enhance the experience. ” Nishu Chawla - Sep 2, 2024

NG

Nishant Goyal

Verified reviewer:linkedin_verify

Accountant, SAAS

101-500 Employees

Software user since: 1-2 years

Reviewed on: Jul 18, 2024

4.3/5

“Efficient Tool for Data Management”

MultiCharts is perfect for traders who need robust data management options.

Pros :

Cons :

Switched from : GoCharting

Reason to switch : MultiCharts offered better data organization tools, especially for local data management.

Features

4.5/5

Value for Money

4/5

Customer Support

4.5/5

Ease of Use

4.5/5

Likely to Recommend

8/10
R

rakesh

Verified reviewer:linkedin_verify

Manager, Events

101-500 Employees

Software user since: 1-2 years

Reviewed on: Jul 18, 2024

4.5/5

“Versatile for Portfolio Management”

MultiCharts is a great option for traders with diverse portfolios. With the Portfolio Trader, you can monitor and manage numerous assets from one platform. It could use a bit more organization in its layout, but it gets the job done.

Pros :

Cons :

Switched from : Smart Trade System

Reason to switch : I wanted a platform with better support for portfolio management, and MultiCharts has been helpful in that aspect.

Features

4/5

Value for Money

4.5/5

Customer Support

4.5/5

Ease of Use

5/5

Likely to Recommend

9/10
VJ

Varun Jain

Verified reviewer:linkedin_verify

Manager, IT

101-500 Employees

Software user since: 6-12 months

Reviewed on: Jul 18, 2024

4/5

“Great Platform for Backtesting Strategies”

MultiCharts is excellent for those looking to backtest their trading strategies. It offers thorough analysis and provides detailed performance reports, helping traders make necessary adjustments. Although backtesting can be slow with large datasets, the results are very reliable.

Pros :

Cons :

Switched from : Edelweiss TX3

Reason to switch : I needed more in-depth backtesting reports, which MultiCharts provided.

Features

3.5/5

Value for Money

4/5

Customer Support

4.5/5

Ease of Use

4/5

Likely to Recommend

9/10

MultiCharts Company Details

Brand Name MultiCharts
Information MultiCharts is an award-winning trading platform. Whether you are a new trader or a professional, MultiCharts has features that may help you achieve your trading goals.
Founded Year 2001
Director/Founders Denis Globa
Company Size 1-100 Employees

MultiCharts FAQ

A Yes, you may cancel or change outstanding orders, and even flatten whole positions, right from this window.
A MultiCharts uses PowerLanguage and EasyLanguage.
A The major difference between MultiCharts and MultiCharts.Net is that MultiCharts' primary programming language is PowerLanguage, whereas MultiCharts.Net is meant for programmers that use VB.NET and C#.
A Start with installing and open. Sign in and start using the free simulator to improve trading strategies. Now, set up a data feed and broker profile. Set your data source in QuateManager. Add broker profile and add symbols. Now you can create charts, and you can backtest, optimize, manually trade, and auto-trade them.
A To download data, go to QuoteManager and select a symbol. Click the file, export data, and export the file in QMD format. Now, follow the necessary steps to finish the process.
A Go to View in the main menu, pick Reload and Chart, then click Reload All Data or use the keyboard shortcut Ctrl + R.

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