Charting Software - are share fundamentals important?

[drshare]

I am looking to buy charting software for short to medium term trading (not day trading).

Metastock and Amibroker - 2 of the most popular products in this forum do not include fundamental analysis.

Bullcharts and Insight Trader include a fundamental and technical database for searching. Neither have strong forum support here.

Fundamentals will come back to drive share prices one day. Should I purchase something which considers fundamental factors?

Does anyone strongly recommend or avoid any of these packages?

Appreciate any help.

 

[AlterEgo]

Well my personal opinion is that for short to medium term trading (ie. up to a few months) that fundamentals are completely irrelevant. Over the longer term though (years) fundamentals would be of greater significance.

I’ve only used MetaStock, so can’t comment on those other packages, although they have their supporters as well. I believe you can get fundamental add-on packs for MetaStock but I haven’t seen the need for that feature (as I also trade fairly short term) so have never looked in to it.

 

[shulink]

Yah, I think for short term, fundamental doesn't really matter. Psychology drives the market, that's where technical analysis applies. For longer term, I use fundamental information to decide entry point.

 

[dougy]

I recently abandoned Metastock and purchased Bullcharts (EOD version). It has an excellent fundamental database which seems pretty up-to-date. You can even scan on some fundamental elements if you subscribe to their data feed. I was initially a little nervous about using Bullchart's proprietory datafeed but so far no problems.

A major plus for me was its inclusion of strategies of many trading authors.

Their programming language (Bullscript) is documented via Help files.They are not written in an instructional format, but Bullscript seems very comprehensive.

As you say, it's a pity there appears to be no real active forum like there is for Amibroker.

Good luck
dougy

 

[rub92me]

As long as you have the data (e.g shares on issue, earnings per share, pe ratio, revenues, debt, etc.) you can load this into Amibroker and reference it in your formulas. Also you can use macro economic trend information and convert this into some type of index in Amibroker and reference it.