Top Technical Analysis Software for Swing Trading
Swing trading requires identifying short- to medium-term price moves in stocks, typically lasting from a few days to a few weeks. For Indian traders, the right technical analysis software can help uncover these opportunities with clarity and precision.
In this guide, we list the top technical analysis software platforms that are ideal for swing trading in India, based on features like charting tools, backtesting, screeners, alerts, and affordability.
1. TradingView
Why It’s Great for Swing Traders:
- Clean, intuitive interface
- 100+ built-in indicators
- Multi-timeframe analysis (ideal for daily + 4-hour setups)
- Community scripts for swing setups
- Custom alerts and watchlists
Best For: Traders who want flexibility, scripting power, and excellent chart visuals.
Free Plan Available: Yes
Premium Needed For: Multiple indicators, extended alerts
Platform Type: Web & App
2. Amibroker
Why It’s Great:
- Professional-level backtesting engine
- Custom strategy development with AFL scripting
- Excellent for EOD and swing system traders
- Historical data support for strategy validation
Best For: Experienced swing traders who like backtesting and building systems.
Free Plan: No
License Cost: ~₹20,000 (one-time)
Platform Type: Desktop
3. Chartink
Why It’s Great:
- Powerful stock screener with indicator-based filters
- Custom swing trading filters (price breakouts, volume spikes, RSI crossovers)
- Real-time alerts with premium plan
Best For: Traders who want to scan NSE stocks based on technical conditions.
Free Plan Available: Yes
Premium Needed For: Real-time alerts and intraday scanning
Platform Type: Web (PWA)
4. Fyers One
Why It’s Great:
- Integrated TradingView charts
- Daily, Weekly, and Monthly charting for swing setups
- Built-in screeners and market watch features
- No extra cost for Fyers account holders
Best For: Fyers brokerage users who want desktop trading + analysis.
Free Plan: Yes (with Fyers account)
Platform Type: Desktop
5. MetaStock India
Why It’s Great:
- Institutional-grade software with forecasting tools
- EOD charting and robust analytics
- Swing trading templates and expert advisors
Best For: Full-time traders needing advanced analytics and strategy builders.
Free Plan: No
License/Pricing: Premium (₹30,000+)
Platform Type: Desktop
6. Spider IRIS+
Why It’s Great:
- Real-time analysis with strong EOD charting
- Pattern recognition and swing entry alerts
- Rich in-built indicators and visual tools
Best For: Traders looking for real-time swing signals and strong charting.
Free Plan: No
License Cost: ₹75,000+
Platform Type: Desktop
7. Dhan Platform (Web & App)
Why It’s Great:
- Built-in TradingView and ChartIQ
- Ideal for swing traders using daily + weekly charts
- Integrated alerts and good UI
Best For: Mobile or browser-based swing traders.
Free Plan: Yes
Premium Needed For: No
Platform Type: Web & App
Comparison Table
| Platform | Best For | Free Plan | Backtesting | Swing-Friendly UI |
|---|---|---|---|---|
| TradingView | All traders | ✅ | ✅ (PineScript) | ✅ |
| Amibroker | Advanced users | ❌ | ✅ | ✅ |
| Chartink | Screeners | ✅ | ❌ | ✅ |
| Fyers One | Broker users | ✅ | ❌ | ✅ |
| MetaStock India | Professionals | ❌ | ✅ | ✅ |
| Spider IRIS+ | Power users | ❌ | ✅ | ✅ |
| Dhan | Mobile-first traders | ✅ | ❌ | ✅ |
Final Thoughts
For swing trading in India, your software should support:
- Daily/weekly charting
- Custom indicators and screeners
- Reliable alerts
- Clean visual layouts for quick decision-making
If you’re starting out, TradingView, Chartink, or Dhan are great low-cost options. More advanced users can explore Amibroker or MetaStock for deeper analysis and strategy testing.
FAQs
Q1: Which is the best free swing trading software in India?
A: TradingView (free version), Chartink, and Dhan provide good functionality for free.
Q2: Is Amibroker good for swing trading?
A: Yes, especially if you want to backtest and refine custom swing strategies.
Q3: Do I need real-time data for swing trading?
A: Not necessarily. EOD data is often sufficient, but real-time access helps with better entries.
Q4: Can I use mobile apps for swing trading?
A: Yes. Apps like TradingView and Dhan support daily timeframe analysis and alerts.
Q5: Is paid software worth it for swing traders?
A: It depends on your trading volume and need for advanced tools. Frequent traders benefit from backtesting and live signals.
