Best Charting Software in India

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Charting software is among the most important tools for investors and traders as it helps one study trends in price movement and formulation of decisions based on data. It's the charting software in India that can be relied upon that can turn the tide of making profits in the stock, forex, or commodity markets to losing out. Here are some of the best charting software of India that can help you narrow down your search for the ideal one in the following blog article:.

1. TradingView
Indeed, it is one of the most popular charting platforms around the globe. The usage is pretty widespread, and especially in India, people use it so widely, including even intermediate to advanced traders. The platform is absolutely user-friendly, with advanced charting tools and multiple indicators.

Key Features:

Over 100 technical indicators.
Advanced chart types like Renko, Kagi, Point & Figure.
A social community for idea sharing.
Seamless interaction with brokers.
Free and paid subscription plans.
Best For: Traders interested in all-rounded trading platforms with social trading features.

2. MetaTrader 4 (MT4)
The most popular charting software, including in the Indian currency trading arena, happens to be MetaTrader 4 (MT4), which provides almost all the tools required for technical analysis with the additional advantage of automated trading options.

Key Features:

30 Integrated Technical Indicators and Custom Indicators.
Automated trading using Expert Advisors (EAs).
Interactively presented charts with multiple timeframes.
On-the-go trade using the mobile app.
Best for: Active Forex traders who require robust charting and automation facilities.

3. MetaTrader 5 (MT5)
MT5 is the successor to the MT4 that offers improved features with expanded asset classes. It caters to traders interested in expanding their portfolios into stocks, commodities, and futures besides forex.

Main features:

38 Technical Indicators.
More timeframes and order types than MT4.
Integrated Economic Calendar.
Algorithmic trading and advanced charting tools.
Best Suited for: Multi-asset traders looking for an alternative to MT4.

4. Zerodha Kite
Zerodha Kite is the offering made by Zerodha, which is India's largest stockbroker, and comes with a user-friendly interface with fast execution and good charting tools.

Key Features:

100+ technical indicators.
Integration with TradingView charts.
Lightweight and high-speed execution.
Browser-based software with mobile app option.
Best Suited for: Indian stock traders who enjoy trading directly on the platform from their broker.

Upstox Pro 5.
Upstox Pro is another popular charting and trading application in India for the sake of charting market movements with a very seamless interface. It has found significant popularity particularly for equity, commodity, and derivatives trading.

Key Features:

100+ technical indicators.
Real-time data flow.
Plural types of charts and tools.
For convenience, the web and mobile app.
Best For: Low-cost broker for traders who want excellent charting capabilities.

6. Investing.com
The site has gained fame for its powerful charting platform with access to global markets, Indian stocks and indices, and more. This is quite helpful for beginners because a free charting service is provided by it.

Key Features:

70+ technical indicators.
Data across real-time international markets in India.
Customizable charts with numerous timeframes.
Free access with paid plans for advanced features.
Best For New users who want a free service with basic charting capabilities.

7. StockEdge
StockEdge is another charting platform dealing with the Indian stock market. This will perform both technical and fundamental analysis and hence is a multipurpose tool for Indian traders.

Major characteristics:

Advanced technical analysis tools.
Indian stock basic detailed analysis.
Scanner for finding trading opportunities.
Available on desktop and mobile.
Best for stock traders in India who want to understand technical and fundamental analysis.

8. Amibroker
Amibroker is another charting software that is powerful and has adjustable charting tools; mostly, most technical analysts and algorithmic traders use it.

Key Features:

Amibroker formula language is used for custom coding.
Added high-tech backtesting and optimization facilities.

Mass amount of technical indicators.

It connects to Indian data providers.

Best For Advanced traders looking for customized charting and backtesting.

9. Sharekhan TradeTiger

Sharekhan's TradeTiger has the most professional charting facilities and is highly preferred by traders because it helps the latter to keep track in the Indian market.

 

 

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