Incredible Charts Pro is a program designed for stock market traders who find chart analysis or stock screening useful. Stock variations or currency information is provided by several brokers and displayed in charts, which are customizable for analysis.
Once the software installs, you have a 30-day trial of the premium software. After 30 days, you can choose to continue using the free version of Incredible Charts, which has delayed end-of-day data, or upgrade to the premium membership, which has more frequent updates, premium indicators and stock screen filters.
The Start Here option is for users who prefer a step-by-step walkthrough of the program. Type a ticker symbol in the search bar, and its chart will show. A close chart is automatically displayed, but there are several different chart options available for the security such as an OHLC chart, candlestick chart, equivolume chart or a point and figure chart. The charting options allow for customization; if the user wants to see the chart quarterly or daily, they have several different interval options.
Securities can easily be added to a watchlist so users can create their own portfolios. Different types of lines can be drawn to analyze the chart; such as a regression line, standard deviation channel and several other options. The auto-fit trendline tool lets you automatically fit a line to the price bars in the selected time period. An example of the use of this tool would be having highs/lows drawn on a short-term chart. You can edit the trendline’s properties or edit the line.
The program also includes a stock screener, where custom filters can be selected. Once a screen is run, it can be saved or shared. Indicators can be added and saved to compare two stocks. Once indicators are saved, it is easy to go back and view previously saved comparisons for future analysis. Incredible Charts also has a split-screen view option, so you can view the chart or indicator as well as the price chart at the same time.
While analyzing a chart, if you feel that there’s something important that should be noted, captions can be added to the charts. Color scheme, font size and grid style can all be customized to users’ preferences.
Overall, this is a thorough program for charting and allows room for customization or personal analysis. The program is not “simple,” but is easy to navigate through, especially with Incredible Charts’ several help sources. If you aren’t sure about purchasing the program, the 30-day trial is helpful. There are several different prices for the premium package, depending on what real-time data you find essential. Some are as low as $5.95 a month, but range up to $26.95 a month.
System Requirements: Windows XP or later, Server 2003 or later, Internet Explorer 6.0 or later; will work on Mac only if you run Virtual PC or VMware Fusion
Price: Free 30-day trial, premium prices vary