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MultiCharts is a Windows-based application which is designed, sold and distributed by MultiCharts, LLC. The company is based in Columbus, Ohio, in the United States. [1] MultiCharts is an automated trading platform and technical analysis software for analyzing the financial markets and performing trade execution. It uses a proprietary programming language called Power Language
Market Scanner
A Market Scanner is a feature also known as a "screener", "radar screen", or “quote board” in other trading software. A scanner is an Excel-like table consisting of many cells that simultaneously display real-time streaming quotes, prices and other market information.
MultiCharts describe their Real-Time Market Scanner as being useful for monitoring, researching, and organizing the stock symbols the user is interested in. Where a single chart gives the user details about one stock symbol, the scanner feature enables the user to view opportunities among many symbols.
[edit]Third Party Add-ons
A large number of third-party developers sell add-on extensions for MultiCharts. Since MultiCharts is a development platform, a custom script can be written, called a trading system or trading strategy. If a trader has an idea that needs to be developed, he/she can either write his/her own strategy in PowerLanguage or have his trading system developed by third-party developers.
[edit]Versions
The latest version of the software is 8.0, Build 5622.401 [6].
[edit]Release History
MultiCharts64 8.0 (June 19, 2012)
MultiCharts 8.0 (June 19, 2012)
MultiCharts 7.4 (January 11, 2012)
MultiCharts 6.01 (August 9, 2010)
MultiCharts 5.5 (September 10, 2009)
MultiCharts 5.0 Gold (May 23, 2009)
MultiCharts 4.0 (October 22, 2008)
MultiCharts 3.1 (June 25, 2008)
MultiCharts 3.0 (April 15, 2008)
MultiCharts 2.1 (September 18, 2007)
MultiCharts 2.0 (February 18, 2007)
MultiCharts 1.9 (March 11, 2006)
MultiCharts 1.8 (November 15, 2005)
MultiCharts 1.7 (September 16, 2005)
MultiCharts 1.6 build 50328 (June 28, 2005)
MultiCharts 1.5 build 50309 (May 9, 2005)
MultiCharts 1.1 build 40713 (July 13, 2004)
Complete release history along with details for each release can be found here[3]
[edit]Recognition, Reviews & Awards
The MultiCharts platform has received recognition from the following third party industry participants:
[edit]Trade2Win Members Choice Awards
In the period spanning from 2008 to 2011 the program has received several awards from the Trade2Win online discussion forum community, including “Best Professional Trading Platform and “Best Software for US Intra-Day Traders”. [7] [8]
[edit]Technical Analysis of Stocks & Commodities
Independent reviews of the MultiCharts platform were included in the Technical Analysis of Stocks & Commodities magazine on the following edition:
[edit]September 2010 citation
"MultiCharts is highly flexible trading software designed to let you have choices. This is without doubt the most robust software when it comes to interfacing with datafeeds. MultiCharts is price competitive and definitely one you ought to consider when looking at trading platforms."
[edit]May 2008 citation
"My experiences with MultiCharts have been very favorable, and it's no different with this new and improved version. After seeing the portfolio backtesting features at work, I have to reiterate that the developers put a lot of thought into this product."
[edit]Traders Magazine
Independent reviews of the MultiCharts platform were included in the Traders' magazine on the following edition: "In the modern age of electronic trading, every person who wants to become a trader needs appropriate tools to collect market data, analyse that data and place orders. A new trader has a difficult choice – there are literally hundreds of trading schools, third-party indicators and trading platforms on the market. This article will focus on MultiCharts, a well-established trading platform, but one which remains relatively unknown to mainstream traders.
