MultiCharts with Easy Language Trading Platform Key Features

Trading platform that is right for you

MultiCharts’ advantage is based on building robust trading strategies, accurate market data with minimal delivery time, order execution within milliseconds, and lower-than-average transaction fees. With tools such as high-definition charting, technical indicators, backtesting, and strategy execution, everything you need is at your fingertips.

Quick and easy strategy backtesting

You can easily and quickly develop and backtest a strategy before you invest real money. You can test it on historical data as if you were doing market replay. You can make sure that your strategy is not a result of optimized curve fitting—your strategy actually provides a fundamental advantage. Here is extra information on strategy backtesting.

Data feeds for anyone’s needs

You can choose the quickest or most economical data feed depending on what you are trying to achieve. Professionals have the option to use Bloomberg as the data feed of choice, while beginner traders can choose Barchart as an economical data feed with good quality data. Traders who do high-frequency trading can access Zen-Fire, which provides some of the fastest, real-time quotes. Click on the link to see all of the supported data feeds.

Brokers for your trading style

A choice of trading gateways gives the option to choose from brokers with a high speed of order filling, low price, functional advantages, or good customer service. For example, you can fill complex algorithmic orders with Interactive Brokers or enjoy excellent customer service with FXCM. Follow the link to see the entire list of supported brokers.

Precision and speed with automated trading

Even with a winning strategy, just a short delay in order execution can make all the difference. After developing a strategy, the next step is to actually send the orders. The key advantage of automated trading is that it can send orders a lot faster than a human being, and this can give you an advantage over the competition.

Chart Analysis

Charting is one of the most important aspects of trading software. You need to see precise price movements to determine your next move. Charting software needs to be flexible, so that you can adjust any part of it to your particular needs. Charts also need to be reliable, so that you don’t experience any hold-ups or crashes while analyzing important information. We have thought about all of this while building MultiCharts.

Why choose our trading platform?

MultiCharts’ strength is in its features, flexibility, and commitment to following industry programming standards. MultiCharts provides all the necessary features you may need in a trading platform. Our features allow you to create sophisticated trading strategies for your trading. Our flexibility allows you to choose the optimal data vendors and execution gateways. MultiCharts is also compatible with the industry-standard EasyLanguage developed by TradeStation.

Compatible with EasyLanguage studies

MultiCharts provides nearly 100% EasyLanguage compatibility. This means that thousands of existing studies in this language will work without any changes—the same way they work in TradeStation. You can make full use of the 20+ years of trading experience shared in the EasyLanguage community. Since TradeStation was a pioneer in the world of strategy trading, it would be unwise to ignore thousands of existing technical analysis studies already written.

Don’t reinvent the wheel

With MultiCharts you do not need to reinvent the wheel or learn a whole new language—you can simply find most information on the Internet. For example, let’s say you want to pass information from MultiCharts to Excel and from Excel to MultiCharts. The answer is—it’s already been done for you. To sum it up, with MultiCharts you automatically get access to a wealth of resources, and you can focus on creating something new—as opposed to spending time on translation into yet another language.

One-click trading from Chart and DOM

Take control of your trading and act quickly when you see an opportunity – place orders in seconds through our new Chart Trading and DOM. It’s simple and intuitive, you can click or drag-and-drop orders onto your chart.

MultiCharts features many tools to help you achieve your goals – Chart Trading, Trade Bar, Order and Position Tracker, Depth of Market, Automation of Entries and Exits, and Symbol Mapping.

Chart Trading

No need to worry about typing in the exact price – you can simply drop an order on the chart and you can always adjust it if you need to. You can move your orders around to match other price levels on your chart, such as breakout or support levels, or drag more orders. You can also drag-and-drop automation strategies to further enhance your trading comfort and speed.

Trade Bar

It’s simple and precise – you can type in the exact price, choose the order and buy or sell. This toolbar also has tabs, one for each broker profile you create. You can easily switch between different accounts, or even brokers, and trade what you need.

Order and Position Tracker

You see a detailed summary of your orders, positions and accounts across all brokers that you are trading. You can cancel or modify pending orders, or even flatten entire positions directly from this window. All information is in one convenient place, and you can sort and filter to zoom in on the pieces that you need. You can also export the reports into Excel for further analysis.

Depth of Market (DOM)

The DOM is an industry-standard tool that lets you see market depth and trade with one click. In MultiCharts you can see ten price levels each way, and apply entry and exit automation directly in the DOM window.

Automation of Entries and Exits

Sometimes there is no time to place entry or exit OCO orders by hand, so we built some automation strategies that you can simply drag-and-drop onto you chart. You can drop them onto any point on the chart, or attach them to a particular order or position.

Symbol Mapping

MultiCharts allows you to trade through any broker from any chart, but sometimes brokers and data feeds give different names to the same symbol. Symbol mapping lets you translate between the chart and the broker by filling out necessary details, and making the symbol understandable to the broker.

Complete and informative charting

Several data series in different resolutions

Working with several data series is one of the main features in MultiCharts. There is no need for cumbersome workarounds—you can simply add several price series into one chart window. The trading platform allows you to mix any resolutions, and it automatically aligns them on the time scale. For example, you can view hourly resolutions with daily resolutions, one-second symbols with 10-tick symbols, or range bars with volume bars.

Behind-the-scenes calculations for multiple data series

This feature allows you to create indicators or strategies that use several data series for its calculations. For example, you could use Bollinger Bands on a one-minute chart, but it will be calculated based on daily data. You only need a few clicks to accomplish this. The program does all of the calculations behind the scenes. It even chooses the correct visualization, such as overlaying data series.

Use up to 20 subcharts per chart

You can create up to 20 subcharts per chart, which allows for complete analysis of the big picture. In addition, you can use bid, ask, and trade data, and you can receive data from different providers all in the same chart.

Combine historical and real-time data from different feeds

On top of that, you can combine historical data from one provider and use real-time data from another, in one or more subcharts. This provides the flexibility and choices necessary to meet the needs of your individual trading style. For example, imagine that your datafeed does not provide ask and bid history, but does provide quality minute data. In this case, you can combine minute data from your datafeed with data from other vendors to get the complete picture.

Add dynamic comments to charts

Expert Commentary lets you add bar-specific dynamic comments to indicators, which then appear when a user clicks on a certain bar. The indicator performs some calculation behind the scenes, and displays text that you define, for example: “Trend is bearish on this bar”, or “Breakout up possible”.

Interactivity with everything you see

Innovative object-oriented user interface sets MultiCharts apart from conventional charting software. You get an intuitive, easy-to-use application, which dramatically reduces your learning curve.

User-friendly interface

To interact with any object, such as data series, price scales, or chart background, simply click on it. The appropriate menu will appear—giving you only the relevant options. There is no need to spend time going through a complex menu structure; you are only a click away from anything you want to do. To move an object, such as a toolbar or a data series, simply click, hold, and drag. Additionally, you can stretch or compress a scale with a click and drag.

Customization and flexibility that meets your needs

You can customize the look of MultiCharts from the overall appearance to the tiny details. You have full control to focus on the important data without overcrowding it with excess information.

Adjustable

The colors can be adjusted to quickly pick out important information. Bar spacing can be adjusted for easier viewing. Change the zoom and the margins’ for optimal chart setup. Session breaks, empty periods, indicators, price series, title bars, scroll bars, and divider lines are all easily customized to improve the way you view information.

Dynamic

Changing the visual order of data series, colors, spacing, font labels, divider line styles and more is another great way to pinpoint important information. Chart compression locates the needed data—even among millions of bars. Various dynamic grid styles are supported for added flexibility: point, solid, horizontal, dotted, or detailed dotted grids.

More resolutions mean more possibilities

Standard chart resolutions include both time-based and count-based options. Time-based choices include anything from seconds to years. Count-based resolutions are presented by ticks, number of trades, number of contracts traded, price range, and number of changes options.

Resolutions as you like

Custom resolutions, such as 90 ticks, six seconds, seven minutes, five hours, two days, or six weeks can be easily set for any symbol, or a group of symbols. There is also a Change resolution, which constructs a bar based on the number of changes.

No volume loss

Volume bars in MultiCharts are calculated based on the capped principle. This means that the remainder of the volume is transferred to the next bar. For example, if a tick arrives with the volume of 100 and your chart resolution has a volume bar of 75, then 25 will be transferred to the next bar. With this method, no volume is lost.

Hourly bars vs. 60-minute bars

Hourly bars are different from 60-minute bars. Hourly bars use an astronomical clock, but 60-minute bars are bundled together. With the one-hour resolution, the hourly bar would be from 8:30 to 9:00—not from 8:30 to 9:30, as it would look on a 60-minute bar.

Volume bars by tick or actual trade volume

Volume for bars can be calculated based on the number of ticks or the actual trade volume that occurred.

Millions of bars on one chart

In addition, the 32-bit trading platform can easily display 7.5 million bars on one chart for visual analysis and backtesting, which is usually available only in high-end, institutional products. The 64-bit version takes it even further and can display any number of bars, limited only by the amount of memory on your computer.

Price scales and axes made for precision

Our trading platform allows you to set the price scales to match the type of analysis. You may choose between linear or semi-log axes for drastic price movements; two separate vertical scales, one for indicators and one for price movements; or even no vertical axes at all.

Different views, different angles

Each scale can display the data from various angles. For example, a scale can show minimum to maximum values for the entire data range or only for a certain part of the series. Other useful touches include the ability to center the graph on the middle of the scale, set number of digits after decimals, and define the amount of labels present.

Overlay several price series
An important feature of trading software is the ability to overlay several price series with independent price scales. For example, it is possible to chart a financial instrument that costs several hundred dollars over another instrument that trades under a dollar. Then you can visualize the dynamics of price movement.

Precision where it counts
For added convenience, the Precise Price marker shows the exact last price and the Countdown feature shows how much time is left until bar close.

Details where you need them: Cursors, Data Window, and Hint Window

When working with charts, the ability to quickly pinpoint the exact price is critical. The Data Window remains on the side of the screen, showing you the current market situation. However, if you need to study a particular area on a chart, the Hint Window conveniently appears at the tip of your cursor.

Your data window
Knowing the exact price at any given point in time is key to trading the markets. The Data Window conveniently stays put on the left side of the screen with all relevant information laid out in an easy-to-read format. It is attached to the main platform window for easy viewing, but it can also be detached and floated like any other chart.

The hint window
If you are analyzing an area on the chart and don’t want to keep looking over at the Data Window, simply click on the chart and the Hint Window appears. It shows you price values, indicator values, and strategy-generated orders for the bar that you’re viewing. Also, the Hint Window can always follow your mouse, or you can make it only appear on demand.

A choice of cursor styles
From various cursor styles (including hand, cross, price tracking mode, and a global cursor that synchronizes many charts) to the floating Hint Window and the stationary Data Window, MultiCharts features a complete package that accurately and quickly tracks price changes and indicator values.

Background dragging
Many traders prefer to ‘grab’ the chart with the mouse cursor and move it around to look for opportunities. The background dragging button on the toolbar turns this mode on and off.

Choice of timestamps and trading sessions for wherever you are

You can display data series using either local or exchange timestamps. Also, in addition to hundreds of existing trading sessions, you can create custom ones to suit trading any instrument and in any time zone.

Timestamps for synchronizing
The choice of different timestamps can be very useful for trading financial instruments worldwide or synchronizing multiple charts to avoid confusion.

View charts any way you like
Several custom trading session templates can be used at the same time for any one symbol, which means that you can get a different angle on your trading. For example, one chart can show pre-trading and regular hours, while another can show you just the regular hours. This can be useful for practicing and learning whether your predictions are correct. The sessions can be changed easily using the Format Instrument dialog window.

Create your own templates
If you want to trade only certain hours of the day or your exotic exchange is not supported by default, you can easily create your own templates. This means you can use MultiCharts in any part of the world, and you can trade any instrument on the worldwide electronic markets.

Volume Profile

Volume Profile is a vital tool that shows the most traded prices for a particular time period. It plots volume as a histogram on the price bar, so you can see the levels where you need them.

Tick-based bid and ask volume
MultiCharts downloads historical trade, ask and bid ticks and locally transforms them into an accurate volume representation. Trade prices are compared to asks and bids to determining at which price the trade happened. IQFeed data feed, for example, sends accurate historical ask and bid information which ensures that Volume Profile is precise.
Bars, Sessions, Weeks
You can display a volume profile on a per-bar basis, for the session, or for the entire week – all depending on what you are trying to see. Note: when your chart is set to “1 week” or higher resolution, you can only use per-bar setting.

Tick Count display option
If this profile is selected, volume provided by data source is not taken into account. Each tick volume is equal to 1. Each line demonstrates the number of ticks traded on a specific price level colored in blue (by default).
Total Volume display option
If this profile is selected, it displays ask + bid volume provided by a data source for every tick. Each line demonstrates total volume traded on a specific price level and colored in blue (by default).

Buy x Sell display option
If this profile is selected, it displays ask x bid volume provided by a data source for every tick. Depending on the ask and bid volume amounts each line is colored in green and red (by default) proportionally. Example: If the ASK volume is 3000 and BID volume is 2000, the displayed value is 3000 x 2000.

Buy vs Sell display option
If this profile is selected, it displays total volume value in each line and the line is colored in green/red (by default) depending on whether the ask volume is greater or smaller than bid volume. Example: If the ASK volume is 3000 and BID volume is 2000, the ASK volume is greater than BID volume, the line is colored in green, however the displayed value is 5000 (Total Volume).

Delta display option
If this profile is selected, it displays total volume value and ask – bid result as a part of the total volume in each line. If the ASK – BID result value is negative, it is colored in red, if the value is positive it is colored in green (by default). Example: If the ASK volume is 3000 and BID volume is 2000, their delta is 1000, so the 4/5 of the line is colored in blue and 1/5 of the line is green, meanwhile the displayed value is 5000 (Total Volume).
Ask Traded vs Bid Traded volume breakdown option
This method works as follows: – If the current tick price is higher than or equals current ASK tick price, the volume of the current tick goes to BUY volume. If the current tick price is lower than or equals current BID tick price, the volume of the current tick goes to SELL volume. – If the current tick price is between ASK and BID prices, then the volume is recorded either to BUY or to SELL volume depending on what was the last recorded volume. Example: If a new tick comes with a price higher or equal to the current ASK tick price then its volume is recorded as BUY volume, then if the next tick comes with a price that is between ASK and BID prices, the volume is recorded also to BUY volume. Note: When you plot Volume Delta chart, take into account that it doesn’t matter what resolution is selected, additionally MultiCharts will request historical tick ask and bid data from your data source for the specified in chart settings data range, if Ask Traded vs Bid Traded is selected.

Up Ticks vs Down Ticks breakdown option
This method works as follows: – If the current tick price is higher than the previous tick price, the volume of the current tick goes to BUY volume. – If the current tick price is lower than the previous tick price, the volume of the current tick goes to SELL volume. – If the current tick price is the same as the previous tick price, the volume is recorded either to BUY or to SELL volume depending on which one was the last recorded volume. Example: If a new tick comes with higher than previous price and volume is recorded as BUY volume, and then another tick comes with the same as previous price, the volume is recorded also to BUY volume. If a tick is first one in the series, its volume goes to BUY volume. Note: When you plot Volume Delta chart, take into account that it doesn’t matter what resolution is selected, additionally MultiCharts will request historical tick trade data from your data source for the specified in chart settings data range, if Up Ticks vs Down Ticks is selected.

Customize Colors, Sizes and Styles for components
You can change to your liking the color, size and style of any component. For complete information about our Volume Profile, visit our online Wiki Volume Profile page.

Volume Delta

Volume Delta helps you keep track of trades that were completed on ask or bid prices in real-time. It plots a series of boxes with volume displayed inside them.

Volume Delta & Profile Histogram Styles
Volume Delta is traditionally shown in rectangular boxes with the color fill gradient ranging between red and green, depending on the volume values. Profile style (available when volume is shown as Delta) transforms the boxes into a histogram for easier perception of most active price levels.

Customize Colors, Sizes and Styles for components
You can change to your liking the color, size and style of any component. For complete information about our Volume Delta, visit our online Wiki Volume Delta page.

Bid x Ask Volume display option
This option configures how volume is shown inside the box. Example: 0x56, where 0 is SELL volume and 56 is BUY volume.

Total Volume display option
This option configures how volume is shown inside the box. Example: 56 is the sum of BUY + SELL volume.

Delta (Ask – Bid Volume) display option
This option configures how volume is shown inside the box. Example: 56 is the difference between 56 and 0.

Ask Traded vs Bid Traded volume breakdown option
This method works as follows: – If the current tick price is higher or equals current ASK tick price, the volume of the current tick goes to BUY volume. – If the current tick price is lower or equals current BID tick price, the volume of the current tick goes to SELL volume. – If the current tick price is between ASK and BID prices, than the volume is recorded either to BUY or to SELL volume depending on which one was the last recorded volume. Example: If a new tick comes with a price higher or equals current ASK tick price and volume it is recorded as BUY volume, and then another tick comes with a price that is between ASK and BID prices, the volume is recorded also to BUY volume. Note: When you plot Volume Delta charts, take into account that it doesn’t matter what resolution is selected, additionally MultiCharts will request historical tick ask and bid data from your data source for the specified in chart settings data range, if Ask Traded vs Bid Traded is selected.

Up Ticks vs Down Ticks breakdown option
This method works as follows: – If the current tick price is higher than the previous tick price, the volume of the current tick goes to BUY volume. – If the current tick price is lower than the previous tick price, the volume of the current tick goes to SELL volume. – If the current tick price is the same as the previous tick price, the volume is recorded either to BUY or to SELL volume depending on which one was the last recorded volume. Example: If a new tick comes with higher than previous price and volume it is recorded as BUY volume, and then another tick comes with the same as previous price, the volume is recorded also to BUY volume. If a tick is first one in the series, its volume goes to BUY volume. Note: When you plot Volume Delta charts, take into account that it doesn’t matter what resolution is selected, additionally MultiCharts will request historical tick trade data from your data source for the specified in chart settings data range, if Up Ticks vs Down Ticks is selected.

Cumulative Delta

Knowing if there are more buyers or sellers at particular price can be an important indication of where the market is going. Cumulative delta plots the difference between asks and bids to give you that info.

Histogram Style
Cumulative Delta charts use time for the X-axis and its own scale for the Y-axis. The histogram is a convenient way of visualizing how far from the central zero line the delta deviated.

Ask Traded vs Bid Traded volume breakdown option
This method works as follows: – If the current tick price is higher or equals current ASK tick price, the volume of the current tick goes to BUY volume. – If the current tick price is lower or equals current BID tick price, the volume of the current tick goes to SELL volume. – If the current tick price is between ASK and BID prices, than the volume is recorded either to BUY or to SELL volume depending on what was the last recorded volume. Example: If a new tick comes with a price higher or equals current ASK tick price and its volume is recorded as BUY volume, and then another tick comes with a price that is between ASK and BID prices, the volume is recorded also to BUY volume. Note: When you plot Volume Delta chart, take into account that it doesn’t matter what resolution is selected, additionally MultiCharts will request historical tick ask and bid data from your data source for the specified in chart settings data range, if Ask Traded vs Bid Traded is selected.

Up Ticks vs Down Ticks breakdown option
This method works as follows: – If the current tick price is higher than the previous tick price, the volume of the current tick goes to BUY volume. – If the current tick price is lower than the previous tick price, the volume of the current tick goes to SELL volume. – If the current tick price is the same as the previous tick price, the volume is recorded either to BUY or to SELL volume depending on what was the last recorded volume. Example: If a new tick comes with higher than previous price and volume is recorded as BUY volume, and then another tick comes with the same as previous price, the volume is recorded also to BUY volume. If a tick is first one in the series, its volume goes to BUY volume. Note: When you plot Volume Delta chart, take into account that it doesn’t matter what resolution is selected, additionally MultiCharts will request historical tick trade data from your data source for the specified in chart settings data range, if Up Ticks vs Down Ticks is selected.

Customize Colors, Sizes and Styles for components
You can change to your liking the color, size and style of any component. For complete information about our Volume Delta, visit our online Wiki Cumulative Delta page.

MultiCharts gives you advanced analysis tools, unlike most other technical analysis software. A broad range of indicators, chart types, drawing tools, and trading strategies are ready for your immediate use. We have also included hundreds of free indicators and strategies.

In fact, MultiCharts’ benefits are most visible in the modern, volatile, ever-changing markets. Our technical analysis software easily evolves with you when you get a new idea for technical stock analysis. Successful traders need to build new trading strategies but also have access to old trusted methods of market technical analysis.

There is a great deal of helpful information available to keep you informed and give you new ideas. For example, you can find technical stock analysis ideas in popular publications, such as Technical Analysis of Stocks and Commodities, Futures Magazine, and Active Trader. Web resources and online forums are another great resource because they are run by other traders and are updated frequently. All of these resources provide you with new ideas, market analysis, and examples of EasyLanguage code. MultiCharts’ users have access to vast amounts of knowledge with which to develop and enhance their trading arsenal.

Extensive Choice of Technical Analysis Indicators and Signals

MultiCharts comes with over two hundred pre-built studies for an in-depth market analysis, covering the most popular trading concepts and indicators. This comprehensive library includes traditional as well as state-of-the-art studies. A key advantage of MultiCharts is that any study’s code can easily be modified. Nearly any custom indicator can also be created from scratch. Below you can find a list of indicators and strategies that are described in our Knowledgebase. You can learn more about each one and import the ones you want into MultiCharts.

Technical Analysis Indicators:
Accum Distribution, AccumSwingIndex, ADX, ADXR, Average Price, Average True Range, Bollinger Bands, CCI Average, Chaikin Oscillator, Comm Channel Index, Comm Sel Index, Custom 1 Line, Custom 2 Line, Custom 3 Line, Custom 4 Line, Day Close, Detrended Price Osc, DMI, Ease of Movement, Extreme Profit Accum, Gapless Bar Chart, High, HPI, Keltner Channel, Low, MACD, Mass Index, Momentum, Money Flow, Mov Avg 1 line, Mov Avg 2 Line, Mov Avg 3 Line, Mov Avg Weighted, On Balance Volume, Open, Open Interest, Parabolic, Pcnt Chng 1 Data-Cum, Price Channel, Price Oscillator, Rate of change, Stochastic – Fast, Stochastic Classic, Swing Index, TRIX, TypicalPrice, Ulcer Index, Ultimate Oscillator, Volatility, Volume, Volume Oscillator, Volume ROC, Weighted Close, Williams Acc-Dis.

Technical Analysis Signals:
1-2-3 Reversal, 1st Hour Breakout, Atlant IfThenElse, Atlanta Points, Atlanta System, Atlanta System ADX, Bail1 for Daily, Bottom Fishing, Buy Mon Sell Mon, Confluence, Counter Atlanta, Derivative Moving Average, Elliott Wave System, Exiting Partially, First 2 Hour Channel, Force Index System, Mark, Mon. or Tues. Buy, Mov Avg – Supp/Res, Mov Avg X 2-20, MovAvg Adaptive Fltr, NMP System, OBVDI, Oddballvar 1.2, Price Vol System, RangeBreakout, Season Trading, Sharpe Demo, Simple Futures MA, Stochastic S&C, Support-Resistance, TFS Signal, TRIX System S&C, TSF System, Thrust Retracement, TrendLine BreakOut, Weekly S&P System.

What is EasyLanguage?

EasyLanguage is a programming language that was developed by TradeStation Securities. It is a popular language because it’s easy to learn without specialized training, but at the same time, it is very powerful for trading purposes. The popularity of this language is so widespread that it can be considered the standard programming language in the trading industry.

EasyLanguage code has been in development for more than 20 years, which means it has one of the biggest collections of trading ideas in the world already implemented. EasyLanguage indicators and strategies are widely available across the internet and in major trading publications, which gives all MultiCharts users an advantage over people using other platforms.

Compatibility with another language is much harder to accomplish than controlling your own language, but we decided to go the harder route to give our users the maximum benefit. MultiCharts lets you use the large existing knowledge base of EasyLanguage strategies, which has been continually added to for the past 20 years.

EasyLanguage Compatibility

Again, compatibility is hard to accomplish. We had to analyze EasyLanguage syntax, simulate script execution, and test hundreds of unique scenarios. It’s important to note that complete compatibility is not possible because languages evolve and change over time. Even TradeStation itself does not provide full compatibility with its own code. EasyLanguage experts are well aware that identical code can produce varying results in different version of TradeStation.

This is precisely why we don’t state that MultiCharts is 100% compatible with TradeStation’s EasyLanguage code. MultiCharts is EasyLanguage Friendly, which shows that we have attained the highest compatibility possible.

MultiCharts’ EasyLanguage compatibility outperforms all other products that we are aware of on the market today. Our team conducted precise automatic testing on more than 2,000 EasyLanguage indicators and strategies, and we scanned for any possible issues. Up to 99% of your EasyLanguage strategies and indicators will work without any changes, and your existing studies will get compiled. The code will even produce the same results that you see in TradeStation.

You can begin to enjoy its benefits in only a few minutes—even with a large amount of legacy EasyLanguage code: try MultiCharts free for 30 days.

EasyLanguage Tutorials

To learn more about this language, watch the EasyLanguage tutorials.

Scan all symbols universe one-by-one with a specified frequency and at the same time monitor hundreds of selected instruments in real-time. Now thousands of instruments can be automatically sorted out from the whole market according to your indicator criteria for further updating in real-time. Multi-core support and 64-bit architecture make the Market Scanner the most powerful tool for finding trading opportunities.For technical information on this feature look at the related Wiki page.

How does the Scanner work?

Market Scanner is a watchboard for monitoring symbols you are interested in and finding opportunities. The new version of our Scanner has two components: Pre-Scanning and Watchlist windows. While a single chart gives you details about one symbol, the Scanner allows you to spot opportunities among thousands of symbols.

Monitoring and tracking your opportunities
For example, you want to find all symbols that have oversold recently. The logic is that these instruments will be below their normal value and they present a potentially profitable opportunity. To do this, simply add symbols that interest you into Pre-scanning list, insert a pre-built or custom indicator, and specify the threshold value.Those symbols that satisfy the conditions will be shown in Watchlist window for updating in real-time.

How does Pre-Scanning work?
When instruments are added into Pre-Scanning list and your criteria are set, scanning can be started. To start scanning click the Rescan now button which initiates both historical and real-time snapshot data requests. The data is requested in parts, depending on the limitation of the data source – this lets Market Scanner get data for many instruments without breaking the limitations set by data sources. When all requested data is received, instruments will be unsubscribed from the data source and data will be requested for the next set of instruments.

How does Watchlist work?
The instruments in Pre-Scanning are evaluated as per the scanning criteria, and ones that satisfy the parameters you set are automatically copied into the Watchlist window. You can select either the best or the worst scanning results to be displayed in the Watchlist for updating in real-time.

See the big picture

You can use different resolutions in different rows. For example, you could have the same symbol in tick, minute and day resolutions to monitor different trends. For even more flexibility each row can have its own session template and a unique number of bars a study will reference.

20+ important data fields
Open, High, Low, Close, Total Volume, Bid, Ask, Open Interest and other important data fields can be removed and added in seconds.

View a chart with one click

In addition to symbol linking, which allows you to change chart contents with a single click, MultiCharts has a unique feature called Market Trend Histogram. This allows you to see market dynamics without building a chart, but if you can still make a full-sized chart with one click if needed.

Scan and sort with ease

Scanner can automatically re-sort symbols either on a per-second basis or by a user-defined timer. Since you can sort according to any criteria available, this will help find trading opportunities in a timely fashion.

Apply hundreds of indicators

In addition to hundreds of studies that come with the trading platform, you can create your own, change existing ones and import from a variety of sources. Scanner’s distinctive feature is that you can change cell background and text coloring based on your personal criteria, and even have script-driven text generation in the Scanner cells.

Alerts that keep you informed

You can create custom visual, sound, and email alert for one or all symbols. Scanner alerts work the same as they do on regular charts.

Group symbols for easy viewing

You can visually group symbols according to any criteria. An important distinction of having a group is that sorting is realized within each individual group. This means you can select important sectors of the industry, or interesting stock groups, and see which one tops the others. Groups can also be minimized and restored at will.

Lots of data all in one place

Monitor thousands of real-time or end-of-day symbols in each Scanner window. You can even mix instruments with different resolutions and from different data feeds.

Built to minimize your computer’s efforts
Since our Real-Time Market Scanner was built to use modern multi-threading architecture, it can use multi-core and multi-CPU computers to their full potential. This allows you to create very CPU-intensive workspaces with thousands of instruments and watch them in real-time without gaps or lags.

64-bit version removes all memory limitations
The 64-bit version of MultiCharts can take advantage of powerful computers to the fullest extent by using all available memory. This means you can add a lot more than 5,000 symbols per scanner window, making it a much more powerful tool.

Export to Excel with one click

After finding the necessary symbols in the large list, sometimes it’s necessary to export data you find to Excel. MultiCharts can do this with one click.

Market replay is a great way to learn about trading without risking your money. This feature is especially important for discretionary traders who use price patterns and other methods, which are difficult to incorporate into trading models and strategy trading. For technical information on this feature look at the related Wiki page.

Choose when to start playback
You can jump several seconds, minutes, or days—both backward and forward in time. You can even specify an exact starting location for market playback by simply clicking it on the chart.

Multiple playback speeds
You can change the playback speed according to how fast you want to replay. Following update speeds are available from slowest to fastest: 1 update per 10,9,8,7,6,5,4,3,2, or 1 second, and 1,2,3,4,5,6,7,8,9,10,15,20,25,30,50,100,1000, or 10000 updates per second.

Different playback resolutions
Since you can have different charts (i.e. 5 tick, 13 minute, or 5 day), each bar on the chart represents a different amount of data. You can playback the market “as is”, which means one update equals one bar on your chart. You can also choose “Minute by Minute”, “Hour by Hour”, or “Day by Day” as alternative playback options. If the playback resolution is lower than the resolution of the data series on the chart, additional detailed data will be downloaded from the data source. In this case status line indicates “Waiting for Detailed Data”.

Recreate market details like nobody else can

We are confident that our trading software has the best market playback in the industry. In addition to all features that other charting software offers, MultiCharts allows tick-by-tick replay. In essence, this recreates a complete real-time market picture.

Simulate accurate real-time trading
Our goal was to create a simulation that resembles real-time trading as closely as possible. If you are playing back minute data, other trading software simply draws minute bar after minute bar, while losing the information about how it was created. MultiCharts constructs each minute bar out of ticks to reflect actual price movements within each minute. MultiCharts can also recalculate your chart indicators on each tick, keeping you synchronized with the real market situation. As a result, you will not lose out on opportunities that exist within bars, so you can make realistic decisions as if you traveled to the past.

Toolbar controls at your fingertips

All market playback controls are located on a conveniently located toolbar. You can specify the exact starting location, choose which base resolution will be used for chart playback, and control rewinding and fast-forwarding—all with a single click.

Jump back and forth instantly

You can jump any number of ticks backward and forward on your intraday charts. For example, you might be playing back the S&P 500 and witnessing a slow market. You could easily skip forward until you see activity, instead of wasting your time waiting.

Play several symbols at once

Ability to playback charts with multiple data series is very important. All symbols will be precisely synchronized according to time, so you get an exact picture of how data arrived throughout the day. Let’s say you have several symbols, even from different data providers, all on the same chart. You want to see how their price movements correlate to each other. This opens up new possibilities of analysis, new insight.

Replay different studies together

Global Mode gives you the ability to playback an instrument in several places at once. For example, you might want to watch the Market Scanner and each of the charts where you’re following Google. Starting point, base resolution, and playback speed will be the same in all the windows that you are playing back.

Global Mode
Imagine that you have Google plotted in several charts, but each window has different technical indicators and strategies. With Global Mode you can replay all the charts at the same time and see how different studies are performing.

Playback entire markets

You can combine Scanner windows and Playback to practice filtering through many updates and finding opportunities. You should use the 64-bit version of MultiCharts because of the huge amounts of data involved.

Data playback in Market Scanner
Since indicators can be easily applied in the Scanner windows, traders often group their symbols into groups and filter according to criteria presented by indicators they insert. Once an opportunity presents itself, it’s easy to open a chart through a right-click and look more closely at the action, or place an order. Data replay in the Scanner can help practice catching those moments of opportunity when certain symbols are prime for trading.

MultiCharts is often used for discretionary trading, but originally our trading platform was created for trading strategies and automated trading. While discretionary trading is certainly better than trading on intuition alone, automated trading strategies tend to have more consistent success.

Strategy trading has a number of significant advantages when compared to intuition-based trading. Institutional traders have been using trading strategies for a long time, while private traders had very limited tools to create trading strategies that work.

Two main components are necessary to create successful strategies—a realistic trading simulation and consideration of all the necessary factors. This allows you to test your strategy to make sure it works, before you put real money into it. Simulation on historical data is usually called backtesting, and it is used to separate strategies that work from the ones that don’t.

Only correct backtesting gives the ability to separate quality trading strategies from accidental success. While past performance is not a guarantee of future results, proper backtesting gives a higher probability of achieving repeated success during actual trading.

Trading system analysis is an essential part of developing a trading system. MultiCharts has an extensive collection of reporting tools that provide a complete picture of your strategy performance.

Strategy optimization and walk-forward testing allow for the creation of new trading systems, without falling into the curve-fitting trap.

Above all, automated trading eliminates routine tasks and allows you to be quicker than other market participants.

Extensive Choice of Trading Strategies

MultiCharts comes with over two hundred pre-built studies for an in-depth market analysis, covering the most popular trading concepts. This comprehensive library includes traditional as well as state-of-the-art trading strategies. A key advantage of MultiCharts is that any study’s code can easily be modified. Nearly any custom trading strategy can also be created from scratch. Below you can find the brief list of available trading signals.

1-2-3 Reversal, 1st Hour Breakout, Atlant IfThenElse, Atlanta Points, Atlanta System, Atlanta System ADX, Bail1 for Daily, Bottom Fishing, Buy Mon Sell Mon, Confluence, Counter Atlanta, Derivative Moving Average, Elliott Wave System, Exiting Partially, First 2 Hour Channel, Force Index System, Mark, Mon. or Tues. Buy, Mov Avg – Supp/Res, Mov Avg X 2-20, MovAvg Adaptive Fltr, NMP System, OBVDI, Oddballvar 1.2, Price Vol System, RangeBreakout, Season Trading, Sharpe Demo, Simple Futures MA, Stochastic S&C, Support-Resistance, TFS Signal, TRIX System S&C, TSF System, Thrust Retracement, TrendLine BreakOut, Weekly S&P System.

Strategy development for non-programmers

Build strategies out of smaller pieces

MultiCharts allows you to build your strategy out of many trading signals, without any additional programming. For example, you can make a strategy by combining the built-in Channel Breakout Long Entry with a Profit Target Long Exit.

Flexibility when you need it

PowerLanguage is flexible: Strategies can be based on events (new market data) or on changes in market position at the broker. A strategy can take both into account, resulting in a complete picture.

Strategies based on market data
Usually strategies are calculated based on the arrival of new market data, which is quite logical since strategies must monitor changes in the market and react to those changes. MultiCharts can recalculate a strategy on every tick, on a bar close, or based on a user-defined timer.

Strategies based on broker events
Sometimes changes in a brokerage account need to be considered during automated trading. Trading strategies in MultiCharts can also react to changes in market position and be triggered at a particular level.

Convenience at your fingertips

PowerLanguage Editor has syntax highlighting, ‘IntelliSense’ (auto-completion) and a built-in syntax checking. Keyword Reference is conveniently located directly in the Editor.

Speed to keep up with you

Independent studies state that PowerLanguage works faster than EasyLanguage and also has significant advantages over other competitors.

Your computer’s processor governs speed
During optimization MultiCharts uses all available cores on your computer, which results in a dramatic speed increase. For example, a 16-core computer will perform optimization 11 times faster than a single core.

Behind-the-scenes binary code for ultimate performance
High calculation speeds are possible because code is compiled, not interpreted. Your code is translated into binary language (0 and 1), which automatically results in a dramatic increase in performance.

Carefully crafted architecture for productivity
Our engineers spent hundreds of hours optimizing MultiCharts’ architecture, resulting in greater productivity for MultiCharts users.

Accuracy is key

MultiCharts is a solution created specifically for strategy development and backtesting. Our philosophy is that strategy backtesting should be as realistic as modern technology allows – that’s why we use multi-threading and 64-bit technology.

Minimal assumptions create more realistic testing
Even though no approximation can be 100% perfect, we have done everything to accurately recreate past market conditions and order execution for strategy trading. Typical backtesting engines have a lot of assumptions and shortcuts, which result in unrealistic testing and unreliable results. MultiCharts is an institutional-level trading platform that minimizes assumptions and considers many factors.

Modern technologies for powerful computers
Strategy backtesting often needs a lot of data, and software that is capable of processing it. Almost all computers now feature multi-core setups with lots of memory, so you need to take advantage of that. Multi-threading means that MultiCharts spreads many tasks into different cores, so that they complete much faster. 64-bit version of MultiCharts lets you load as much data as fits into your memory for analysis – even years and years of tick data for detailed price movements.