Stockalyze

Stockalyze is an exceptional software tool designed to create technical charts for both EOD (End of Day) and intraday stock price data, making it a valuable resource within the Business category, specifically under Vertical-Market-Apps. Developed by Lunetek Software, the latest version, 2024.2.8.84, brings robust features that cater to traders and investors aiming to leverage technical indicators like Moving Averages, Bollinger Bands, MACD, ADX, RSI, MFI, and more—totaling over 50 such indicators.

Users interested in comprehensive market analysis will find Stockalyze invaluable. The software allows the creation of composite indicators effortlessly through a drag-and-drop interface. For those focusing on meticulous chart analysis, the program supports Point and Figure charts with adaptive box sizes and includes Fibonacci retracements and Linear Regression channels.

Other versions of Stockalyze available are 2018.1906, 2018, and 2018.0, making it clear that Lunetek Software has continually worked on improving and updating the program. Belonging to the Freeware license category, the software ensures affordability with a high value offered at no cost.

A standout feature is the free data download capability that provides stock price data from more than 50 stock exchanges—a significant advantage for starting users. The integration of a download option for free stock data means users don’t need to subscribe to external data sources to begin trading effectively. Additionally, Stockalyze can read both Metastock and ASCII data formats.

The program also boasts an array of functions including back-testing Trading Systems through the System Tester, scanning/exploring stocks with the Stocks Scanner based on Trading Systems, and detecting patterns such as candlesticks, zigzag, double top, and head & shoulders. These tools are crucial for those looking to fine-tune their trading strategies or to spot market opportunities promptly through the alert system which can be set on trading systems or price movements.

Annotations are well-supported; users can add trend-lines, ray, Andrew’s Pitchfork, Fibonacci retracements, linear regression, triangles, rectangles, ovals, texts, and many other elements directly onto charts. Moreover, users can get started immediately upon installation without any need for prior configuration.

Helpful short and extensive demo videos are conveniently accessible on the website, ensuring that users can easily understand and leverage every feature offered by Stockalyze.

Pros:

• Variety of more than 50 technical indicators.
• User-friendly composite indicator creation.
• Free stock data download from multiple exchanges.
• Extensive built-in and customizable trading systems.
• Advanced pattern detection capabilities.
• Immediate usability post-installation.
• Comprehensive annotation tools.

Cons:

• Advanced features might require a learning curve for new traders.
• Freeware limitations might not satisfy professional high-frequency traders.

You may want to check out more software, such as Symantec Backup Exec License Assessment Tool, Self-Storage Pro or Salon Calendar for Workgroup, which might be similar to Stockalyze.