Advanced Trading Tools for Analytic Work

September 15, 2022

The financial market is volatile, and traders must make strategic moves if they want to succeed. One of these moves is choosing financial security you are familiar with, whether forex, stocks, commodities, cryptocurrencies, etc. You must also be able to trade using the best brokers or platforms with features suitable for your needs. For instance, UK traders can find trading platforms by considering the best trading platforms in the UK experts’ recommendations.

Most importantly, traders should evaluate patterns in trading data and chart analysis using technical and fundamental analysis tools. We explore below our top picks for the best-advanced trading tools for analytic work.


eSignal is a signal generation and chart analysis tool. Its current version, eSignal 12, is a downloadable window-based software featuring various elements, including technical analysis studies, customizable charting, backtesting trading techniques, and global exchanges’ data.

Note that eSignal is easily accessible via API, and you can use it via reputable brokers within your jurisdiction area. Unfortunately, this advanced trading tool for analytic work is relatively costly, and low-budget traders may not benefit from its excellent features.


NinjaTrader features charting software that you can use for advanced charting, trade simulation, and backtesting. It is an advanced analytics tool for forex, stocks, CFD, and futures markets. NinjaTrader is free to use, and you can integrate it with custom apps built for the software to streamline your technical analysis.

You will access over 100 technical indicators on NinjaTrader’s basic package. Research tools, trade journaling, and fundamentals are also at your disposal. All you have to do is sign up for an account on NinjaTrader brokerage service to access the advanced trading tools. Alternatively, find other suitable brokers and bolt the tool into your trading account via API.

MS Algo

MS Algo is best suited for swing or day traders looking to identify the best signals for determining entry and exit points. Investors looking for a reliable tool to help manage their long-term positions can also benefit from MS Algo. The best element about this advanced trading tool is that you can use it on all financial market securities, including forex, stocks, commodities, cryptocurrencies, etc. Plus, it displays more signals via the Trading View charts, thus giving your more opportunities and increased potential.

Regarding pricing, MS Algo is affordable to most traders, and there are no hidden fees. Its pricing plan is also straightforward, and you can choose one based on your trading timeframe. Unfortunately, MS Algo is only compatible with the TradingView platform and doesn’t have a native app for mobile devices. However, you can still use it on your mobile device by setting up alerts via text messages or email and easily accessing your charts on the go.


MetaStock is one of the pioneers of advanced trading tools for charting and technical analysis of stock prices. You can also use it to trade options, futures, commodities, and cryptocurrencies. The best element about MetaStock is that it features a wide selection of automatic advisors to give you the best trading insights for strategy development. Moreover, MetaStock has a unique deep backtesting and price prediction platform that works online and offline.

This advanced trading tool interface is user-friendly and customizable to suit all traders’ preferences. Additionally, you will enjoy its rich graphics that are easy to navigate as you analyze the financial market for the best opportunities. You should definitely try the MetaStock analytics tool using its 30-day free trial package before investing using real money.

Let Us Summarize this Article

Trading can be challenging, especially if you do not have the right tools to identify the best signals for potential profits. With the above-advanced trading tools, traders and investors can easily maneuver the financial market for the best entry and exit points. Note that our referenced advanced tools for analytic work above will also help you track your trades by showing a summary of your trading history. All you have to do is find the best trading platform that is highly regulated and meets your trading needs to maximize your experience.


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