Review of FreeStockCharts a Streaming Online Stock Charting Software

(formerly BestFreeCharts.com) is, in my opinion, theof these lesser-used timeframes like the 3-day chart
best free stock charting software. Actually, I believeor 7-day chart. The time frame simply refers to the
is head and shoulders above most stock charts byamount of time each bar or candle covers. For
online brokers on their websites and other expensiveexample, a bar on a 3-day chart shows the price
stock charting software. If you're still using Yahoo!range of that stock for 3 days.
Finance for charts and checking the price of a stock,Intraday Time Frames: 1-minute chart (yes! for
you're living in a cave (no offense to the Geicohyperactive day traders/scalpers!), 2-minute,
Caveman).5-minute, 10-minute, 15-minute, 30-minute, and 1-hour.
FreeStockCharts.com's parent company, Worden,Daily Time Frames: Daily, 2-day, 3-day, 4-day,
took their flagship charting software packageWeekly, 6-day, 7-day, 8-day, 9-day, Monthly,
TeleChart 2007 (a.k.a. TCnet) and opened it to theQuarterly, and Yearly charts (for those investors
public free to use. For many professional investorswho live forever). When you move beyond looking
and traders, TeleChart 2007 is the top choice forat just 1 stock on 1 timeframe, FreeStockCharts
charting software. has a database of over 7000allow a lot of freedom to customize your workspace.
stocks.Tools & Indicators
*Note: Latest 15-minutes of real-time data is providedcomes equipped with a full collection of 25 charting
by the BATS exchange that currently accounts fortools and 68 of the most common indicators. The
12% of market volume.main thing that lacks compared to top charting
The top 3 features that set apart:softwares is the ability to code your own indicators
1. Real-Time charts and data for over 7000 U.S.or install proprietary indicators such as John Person's
stocks, some foreign markets, all major forex pairs,PPS indicator. If you want to code your own
and market internals data (such as the NYSEindicators, alerts, and autotrade, you will have to
advance/decline statistics Mark Haines announcestrade up to the likes of TradeStation, E-Signal, TD
every morning on CNBC's Squawk on the Street).Ameritrade's thinkorswim, NinjaTrader, or RealTick.
Make big watchlists of stocks you're interested in andThe basic tools allow you to navigate the chart and
see all of the price changes in real-time.mark the chart for your own reference: cross (see
2. Browser-based desktop-quality stock chartthe price and indicator statistics), plain, pan, erase,
software right in your browser. No more worriestext, ellipse, rectangles, and arrows. Technical analysis
about downloading, installing, and updating software.tools include: trend, fibonacci arc, fibonacci fan,
We are entering the age of cloud computing wherefibonacci retracement, fibonacci time, Andrew's
all the expensive equipment and software are storedpitchfork, error channels, Gann fans, horizontal lines,
on some far away server. All you need is to turn onQuadrant lines, Raff regression channels, regression
your browser, on any computer from anywhere, andchannels, regression lines, speed line, tirone levels, and
access all your data online. Google is doing it to emailvertical lines.
with Gmail, tradeMONSTER has done it with the firstYou can customize the indicator according to each
browser-based broker & platform, and Worden isindicator's specifics, but also the color, period, and
doing it to stock charting software withpositioning of the indicators. Particularly cool is the
3. Access your personal watchlist and chartability to apply certain indicators ON TOP of other
configurations all online. You have to register for theindicators. For example, you can apply moving
free account so they know who is customizing theaverages to just about any indicator. Advanced
settings, but once you do, all your latest updates willtraders may find that useful if they use moving
be saved. If you add certain indicators or drawaverages to filter and manipulate the original indicator
trendlines on a specific chart, Apple (AAPL) forone level further to find the patterns they find useful.
example, those lines and indicator settings will stay.It is amazing FreeStockCharts lets you export any
You can access that chart from any computer fromand all data displayed on the chart.
anywhere, not just on your computer anymore.Watchlists and News
Same with your watchlists. Make a list for the topFor veteran users of TeleChart 2007, you'll know
stocks you want to trade, make another for marketWorden's extensive data isn't limited to stock prices
data. All of these settings will be accessible whetherbut also company financial data. FreeStockCharts, like
you're traveling or at a friend's house just borrowingTeleChart 2007, can build customizable watchlists
their computer.based the the stock's price, the price change, but
Chartsalso countless corporate financial data such as
The charts are clean and easy to see. Severalearnings, return on assets (ROA), sales growth, etc.
options are available to customize the look of theBefore you make your own watchlist, check out the
chart by editing the "price history" properties. Choosecountless standard watchlists that come with
from the standard plot styles: Line Chart, OHLCFreeStockCharts - they organize stocks in just about
(Open High Low Close) Bar Chart, HLC (High Lowevery way you can think of. The news panel shows
Close) Bar Chart, CandleStick Charts, Bar Charts, andyou constant updates of headlines related to the
Area Charts.stock you're currently focused on in the chart. Like a
To cover users of all preferences, FreeStockChartslite version of SkyGrid, this panel brings the news to
went overboard and provides a ton of ways you canyou instead of you having to go to several news
view the stock's chart and data. I haven't seen manysites.
charting software that allows you to see these some