eSignal Trading Software Review
eSignal is a leading technical analysis software, which offers lots of customizable charts, and various advanced technical analysis tools including bulletproof stock scanner, automated systems, market profile analysis, advanced volume analysis and much more. The data quality of eSignal is top-notch. It has hundreds of technical indicators. Users can also connect to different brokers and execute trades directly from inside the software. It's just like one will get all the crucial features in just one place.
eSignal: Key Features
Some of the main features of this trading software are:
1. Charts:
eSignal offers various types of charts, which range from some of the common charts such bar, line and candlesticks to the complex ones such as Heikin Ashi candles, Renko, Histogram, Kagi, Ichimoku, Price Break and Point and Figure charts. Users can also get detailed information by using the range, time, momentum, volume-based charts.
2. Charting Spread:
Users can create custom securities and show them differently. It also offers users to easily simulate any portfolio and chart by using performance. eSignal also offers functions to create spread charting by using the difference in performance among two securities. Users can also multiply and divide the performance of different securities.
3. Drawing Tools:
By using eSignal users can perform an accurate analysis, but that's' not all about eSignal. They can also mark up their charts with trend lines, support and resistance zones, price channels, and so many other marking options.
4. eSignal Screener:
eSignal offers a built-in stock scanner, known as Market Screener Plus; the screener is very lightweight yet so powerful. It provides you with a set of filters and a way to interact with one another easily.
5. Customizable Features:
eSignal offers a lot of customization features. Users can customize their charts the way they want, to determine optimal entry and exit points. Users can also chart zooming feature, which one can use to select the area that they want to zoom into. Users can also hold shift while scrolling on the mouse bar to change the size of the bars very easily.
6. Add-ons, Scanner and Analytics:
eSignal offers a lot of add-ons. Some of the most common add-ons include a Bollinger Bands tool kit, fundamental data from FactSet Research, harmonic pattern indicators, a histogram market profile and so on. Users can run a various set of tools to analyze their trading. Apart from all these, it has various pre-built strategies, projection tool, decay tool etc.
7. Your Choice of Broker:
Finally, users can choose from 50+ brokers, which are already available inside the software, to execute their trades.
eSignal: How It Works?
eSignal is a leading Windows-based application, normally uses JavaScript as the basis for the scripting language that traders use for the technical analysis. It has a lot of charts, indicators, drawing tools, screener, add-ons, analytics, built-in broker panel which makes the trading much more engaging than ever.
Users can choose from a large range of charts and drawing tools to power their analysis. eSignal also let the users customize their charts the way they want. Finally, it offers all the premium functions for analytics that are being used by institutional trading desks.
eSignal: For Which Countries It Is Available?
eSignal is available all over the world, which is equipped with live data of stocks, currency, and forex of over 00s of the world's exchanges.
eSignal: Who Can Use It?
eSignal Software is a leading technical analysis tool, which offers various charting, analysis and trading facilities to individual traders. It has enough options to cater to all level of traders from newbies to the experienced ones. The software interface is very user friendly. This tool is suitable for anyone, who wants to have every single technical analysis tools in one place.
eSignal: Various Products
eSignal provides a total of 3 types of editions. Pricings are normally based on various premium features, add-ons and updates. The premium editions are as follows:
eSignal Classic Edition:
This edition is for newbies who are just starting out. It features intraday data. The data here comes with delay for stocks, Forex, and futures. In case you wish to see real-time data right away then you should use the other versions mentioned below. The platform is more suitable for the EOD traders and position traders.
eSignal Signature Edition:
This edition of eSignal is the most popular and suitable for the day and swing traders. Here in this edition, users can get real-time data on various stocks, options, Forex, and futures. Moreover, this edition also offers the backtesting ability, intraday historical data of past one year, news, mobile apps, and so on. The mobile apps work on iPads, iPhones, and Android devices.
eSignal Elite Edition:
The best edition of eSignal, which is equipped with all the premium features and add-ons. It has all the features of the signature edition with more options for historical data. The Elite edition offers high-level GET studies, including 20 GET indicators and tools for analyzing the trends, as well as the AGET strategies. This version is suitable for all the traders who love doing a lot of technical analysis. Finally, it also comes with membership of eSignal free mentoring program, which is particularly beneficial for the new users.
eSignal: Pros and Cons
Pros of the Trading Platform
• eSignal provides best data quality in the industry.
• All in one platform.
• Highly customizable.
• Equipped with drawing tools and indicators.
• Have 50+ built-in brokers to choose from and execute trades.
Cons of the Trading Platform
• The add-ons are very expensive, which you have to buy separately.
• Classic edition doesn't give real-time data.
• Expensive.
eSignal Trading Software Review
So now you have it! This was all about eSignal. Even though it has its cons but the best part is that the trading tool is equipped with various crucial technical analysis features, which no other technical analysis software offers.
eSignal provides you with the highest quality data in the industry. It is highly customizable, lightweight, user friendly, and offers everything. So, whether you're an active trader or a position trader, beginner or experienced, eSignal is suitable for everyone.
The only drawback can be the price of the software, but the software offers everything under one roof, so it's worth every penny. If you are looking for robust technical analysis software with various unique and premium features, then eSignal could be one of the best option to go with.