Top 5 Charting Services for Technical Analysis

📈Think or Swim by TD Ameritrade is one of the best charting platforms, offering a wide range of indicators and tools for technical analysis.

🔍TradingView is a popular charting platform with a clean interface and a variety of drawing tools. It is especially beneficial for forex traders.

💡Trend Spider is a paid software similar to TradingView, offering advanced features like the raindrop chart and backtesting.

💰Yahoo Finance provides basic charting capabilities, allowing users to customize time frames and add simple indicators.

📲Robinhood, while limited in its capabilities, offers basic charting and indicator options for traders using the platform.

Are these charting services free?

—Most of the charting services mentioned, such as TradingView and Yahoo Finance, offer free versions with limited features. However, some platforms, like Trend Spider, require a subscription for full access.

Which charting platform is best for forex trading?

—TradingView is often preferred by forex traders due to its clean interface, advanced drawing tools, and compatibility with many forex brokers.

Can I use Think or Swim outside of the United States?

—Yes, Think or Swim is available for use outside of the United States. However, certain features may be limited depending on your location.

Can I draw support and resistance lines on Robinhood?

—No, Robinhood's charting capabilities are limited, and you cannot draw support and resistance lines directly on the platform.

Do these charting platforms offer real-time data?

—Most charting platforms, including Think or Swim and TradingView, offer real-time data. However, some platforms may require a minimum funding amount to access real-time data.

00:09In this video, we will explore the top 5 charting services for technical analysis.

00:40Think or Swim by TD Ameritrade is one of the best charting platforms, offering a wide range of indicators and tools.

03:52TradingView is a popular charting platform, known for its clean interface and advanced drawing tools.

05:18Trend Spider is a paid charting software with advanced features like the raindrop chart and backtesting.

06:53Yahoo Finance provides basic charting capabilities, allowing users to customize time frames and add simple indicators.

06:59Robinhood, while limited in its capabilities, offers basic charting and indicator options for traders using the platform.