“MultiCharts is a comprehensive trading and technical analysis platform. It has many features. It has great flexibility and you can use multiple different data sources. I also use it because I have indicators that were developed for Multicharts.”
“I have a lifetime license to MultiCharts which I have had for more than 7 years now. I purchased it because a vendor that I trusted had programmed an algorithm in PowerLanguage. GOOD STUFF: The algorithm worked well, and the overall program was excellent. Multicharts uses similar coding to TradeStation's EasyLanguage, so many algorithms can work on both platforms. With MultiCharts, the position handling is good, with a very fast response rate. I love the genetic algorithm backtesting, and you can even choose how many of the CPU cores to use with each test. The backtests/optimization show all the results in a table, so you can actually see the impact of the several variables. The charting is good, and I especially like the multi-day OBV (on balance volume) indicator, which I am unable to get on NinjaTrader without special tweaks. A close second is the Volume Delta side bar that I have plotting immediately next to each candlestick. Sometimes there are green UP bars, but I can see that the Big Boy buying pressure is dropping, or may even be reversing because the side bar is red. Sometimes there are red DOWN bars, but the side bar is green, so I know a reversal is probably imminent. (But at a minimum, I know to be very careful with shorts.) Between the OBV mentioned and the Cumulative (Volume) Delta mentioned, Multicharts helps me stay on the right side of the market. LESS-THAN GOOD STUFF: The initial contract selection and rollovers each three months is not as easy as with some other platforms. Also, I don't like it that I can't see an exact balance after multiple trades, but this may be an AMP or CQG issue rather than Multicharts. OVERALL, I give it an 8 of 10. I have tried the .Net version free from AMP, but I have reverted back to my PowerLanguage version because of familiarity.”
“l like working with the Mult Chart. There's A problem with the last 2 updates. The colors are fading for instance where the order position log is the titles are disappearing, with last week's update Dome has changed it is litter color and the Close button was not working I had entered a trade where I could not close it the button was locked!!! and without pressing the sell button placed 4 more orders. Something is wrong with the last few updates. ”
