What is Amibroker?
Parallel with MetaStock, there is yet another charting platform named Amibroker with host of features. AmiBroker is one of the best Technical Analysis software. You can import market data into AmiBroker as CSV/excel format for analysis. There are many AFL's are available which can provides buy-sell signal which can be using in AmiBroker. TA may give many fake signal, you have to understand which one is fake or real signal by using different indicators.
Features of Amibroker
- Reliability & Accuracy- thoroughly tested and used every day by community of thousands of traders, fund managers, etc. Our backtester can reproduce virtually any trading strategy with real-life accuracy, including complex rebalancing strategies, sorting&ranking systems on thousands of securities.
- Speed- state-of-the-art programming and assembly optimizations allow your analyses to run 10 times faster than other competing products, each chart pane runs in parallel in separate thread allowing to fully utilize all processor cores. New Analysis window fully utilizes multi-treading and provides unmatched data crunching power.
- Flexibility- not limited by the software anymore.With AmiBroker the limit is just your imagination. AmiBroker is incredibly customizable and can be adjusted to fit your personal trading needs.
- Compatibility - software is compatible and well tested with all modern Windows versions including Windows 8, Windows 7, Windows Vista, Windows XP, Windows 2000, as well as with Windows 95, 98, Millenium, NT 4. AmiBroker has native 32-bit and 64-bit versions to maximize the performance. No matter which Windows version we use, we can run AmiBroker on it.
- Cost Effective - not only license fee is low but also you get 12 months of free upgrades, free support, free plug-ins and add-ons, and last but not least, you can also use FREE DATA from a number of sources. It is cheaper than MetaStock as well.
Amibroker Pros and Cons -
Pros
- The Amibroker community seems much wider and as a result there is loads of available scripts for re-use. There is actually a whole library hosted on Amibroker website.
- AmiBroker features automatic Walk-Forward Testing, Multi-monitor floating charts, symbol and interval linking, drag-and-drop indicator creation, Portfolio Back testing and Optimization and multiple currency handling. It's also capable of giving you free Fundamental data, Multiple Time-Frame support, 3D optimization charts and automated trading interface.
- The program can draw object-oriented chart with layers and multi-window layouts. It's able to give you formula-based alerts, and has an easy-to-use formula editor. AmiBroker also has a built-in web research browser.
Cons
- It takes a bit of time to get used to the concept and principles of Amibroker. For example, all AFL files are self-contained and might implement indicator, system, back-test procedure, scan and exploration code all at once
Thank You !
