by CI Staff
ProTA is a stock, mutual fund and derivative charting, analyzing and tracking program developed exclusively for Macintosh. With ProTA, investors can chart a security’s performance, track their transactions related to the security, and apply technical indicators, line studies and templates to the chart. With ProTA Gold, investors can also add custom indicators, screen through a database of securities, and create, backtest and optimize trade systems. The trial version of ProTA provides data access and analysis only on the 30 Dow stocks plus Apple, and the S&P 500 index. Purchase and registration is required for unlimited charting and analysis.
As with most charting programs, ProTA focuses on technical analysis, as is exemplified by its over 50 built-in technical indicators, such as Bollinger Bands and TRIX. However, the program goes beyond these common indicators with what it calls “line studies.” Perhaps the most commonly used line study feature is Trendline, which allows users to draw and alter their own trendlines quickly and easily. Another interesting line study, linear regression, will calculate and display a linear regression line between any two adjustable points. Although linear regression is a common indicator in charting programs, investors can usually only specify a time frame; the feature is much more customizable with ProTA.
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