In this ChartMill review, we’ll cover their competitors such as TrendSpider, TradingView, Finviz, setup ratings, pros, cons, and pricing.
Are you seeking a user-friendly stock screener with an excellent workflow and distinctive features, including exclusive trends, value, growth, and health ratings? Well, look no further. ChartMill offers a polished platform for traders and investors, providing charting, screening, and market analysis tools.
This ChartMill review will help you understand how they work. The ChartMill stock screener gives traders and investors various tools to conduct their technical and fundamental analysis. You can filter stocks based on personal criteria like price, volume, market, sector, and ownership.
ChartMill Review Introduction
ChartMill has a thorough guide on screening for breakout stocks using technical analysis techniques, which is helpful. Furthermore, the screener has over 180 filters, pre-built screens, charts, and reports.
You might want to know if ChartMill is legit. The feedback and ratings show that ChartMill is a reliable and valuable platform for traders and investors.
However, everyone’s experience may differ, so it’s essential to do more research before deciding. The Chartmill reviews I found were favorable to what they offer!
ChartMill Review of What You Get
Easy-to-Read Stock Charts
ChartMill offers a nice and clean layout for analyzing stock charts. I’ve always been a fan of TradingView, but ChartMill gives them a run for their money. Like every other charting software, you can apply indicators from moving averages, RSI, VWAP, to Bollinger bands. With 180 to choose from, you’ll be busy filtering through, picking the best ones for your setup. Additionally, you can view the stock data in candlesticks or bar charts and even export the chart to a CSV file.
A Stock Screener
The reality is, it’s hard to determine the best stock screener. It’s subjective and depends on your trading strategy, style, and needs. Regardless, ChartMill likely should fit the bill for your needs. They also provide access to different markets, including European ones. Before I forget, the data can be shown in tabular form with either ChartMill ratings or the standard technical format.
With all that said, when selecting the most suitable stock screener for your requirements, consider your investment objectives, preferred screening parameters, ease of use, and cost. Trying out multiple platforms might be the best way to determine which one best suits your trading approach and gives you the necessary tools.
A Stock Analyzer
This is where ChartMill shines. Regardless of the stock, you can get full fundamental and technical analysis. This information is vital to creating your trading strategies. For example, the technical breakout setup screener tool will show you stocks primed for a breakout. Additional filters, like the Average True Range (ATR) value, can be applied to avoid low-volatility stocks.
Notable Mention: Their Proprietary Indicators
What I like about ChartMill is their proprietary metrics, such as the ChartMill Value Indicator, Weinstein, and Trend Indicator. Customizable charts with various technical analysis tools are a notable feature as they enable quick identification of trends and patterns.
ChartMill: 5 Second Takeaway
- Chartmill is a comprehensive stock screener offering more than 180 fundamental and technical filters.
- Some of its features include Screening, Charts, Analyzer, Watchlists, and Alerts
- Traders get unique insights into stock performance through proprietary metrics such as the ChartMill Value Indicator, Weinstein, and Trend Indicator.
- Operates on a web browser; there is no need to install any software.
- Great value for money: 28% discount for an annual subscription and a 2-week free trial
The Best Stock Screener
As you can see from this Chartmill Review and its competitors, it’s hard to determine the best stock screener. It’s subjective and depends on your trading strategy, style, and needs.
When selecting the most suitable stock screener for your requirements, consider your investment objectives, preferred screening parameters, ease of use, and cost.
Trying out multiple platforms might be the best way to determine which one best suits your trading approach and offers the necessary tools.
ChartMill Pricing
ChartMill offers several subscription options ranging from $29.99 a month to $259.97 a year. Users must sign up and choose one of the pricing plans to unlock the full range of features, including the stock screener, stock analyzer, stock charts, and other services.
Moreover, they also have an option to buy credits; $10 will get you 10,000 credits. Once you register, you get 600 credits for free a month.
All features will remain accessible until the credits are used. To utilize Chartmill more extensively, users can purchase additional credits as needed. The credits have no expiration date.
ChartMill Review of Alternatives
It’s a big world out there as far as stock screeners are concerned. So, if ChartMill isn’t for you, we’ve made a list of 3 alternatives you can explore below:
1. TrendSpider
TrendSpider is sophisticated software combining many trading tools into one easy-to-use platform. Users get professional-grade trading capabilities based on the membership they decide to pay for. They have stock charting tools, alerts, backtesting, and strategy development capabilities. Furthermore, they’ve jumped into the AI pool offering predictive AI trading models. Overall, TrendSpider is an excellent charting software. It allows you to use up to 16 charts per layout, offers amazing automated technical analysis tools, and even has its own proprietary raindrop chart type.
2. TradingView
I must preface this by saying that I use TradingView, I love how clean it is and their variety of broker integration options. I also like that TV is seamless to use, whether on your phone or desktop. Personally, I feel that it is hands down one of the best charting and indicator software programs on the market! It’s been a game changer for my trading. Similar to ChartMill, you can filter to your heart’s desire and apply as many technical and fundamental indicators you want. However, it lacks some of the L2 market data, which is crucial for those scalpers out there.
3. Finviz
Similar to other screeners, Finviz has a robust screener feature. You can also filter stocks based on different criteria, including technical and fundamental factors such as price, volume, market capitalization, P/E ratios, dividend yields, and insider transactions. I’d be remiss not to mention how easy the platform is to use and navigate.
Finviz’s screener lets you quickly sort through over 8,500 stocks and ETFS based on 67 financial and technical criteria, coupled with 30 trading signals. While it offers a vast range of filters, competitors like TradingView provide even more extensive filtering options. Nonetheless, Finviz stands out by allowing screenings based on candlestick and chart patterns, catering to both investors and traders.
ChartMill Downsides
While ChartMill offers a robust stock screener with many beneficial features, it’s important to realize no stock screener is perfect. Below are some of the drawbacks users of ChartMill have found.
Limited customization
If you want customization, you may struggle here. Users have complained about the ability to customize scans based on what they’re looking for. Especially when compared to other companies
Learning Curve
With its sheer number of features and tools, ChartMill will be overwhelming for new users. However, this will be the same for all new traders, regardless of the software being used.
Limited Availability of Historical Data
ChartMill’s free plan provides limited access to historical data. You’ll need to pay to access more historical data.
Slow Customer Support
Some users have said the customer support team is slow to respond, especially with technical issues. Understandably, this could be frustrating if you have urgent questions or problems.
Data Display Quality
Some have found the free version of ChartMill a bit buggy. However, I’ve seen this in other free charting software. Perhaps it’s a way to get you to pay for a subscription.
ChartMill Customer Reviews
ChartMill has 5 customer reviews on Trustpilot with a 3.4 TrustScore (Average).
Final Thoughts: ChartMill Review
We hope you enjoyed this ChartMill review. Like any purchase one is considering, including a stock screening platform or service, it’s important to look at what each one offers and know what you’re looking for.
Researching user feedback, trying out demos or trials, and communicating directly with ChartMill to resolve any particular issues can be beneficial before finalizing a decision.
We may receive commissions on purchases made from links in this article. Our editors independently researched the information in this ChartMill review.
Frequently Asked Questions
Is ChartMill Legit?
The online feedback and ratings show that ChartMill is a reliable and helpful platform for traders and investors.
Which Is the Best Stock Screener?
It’s tough to determine the best stock screener. It’s subjective and depends on your trading strategy, style, and needs.
How Much Is a ChartMill?
ChartMill offers several subscription options to suit your needs. To unlock the full range of features, including the stock screener, stock analyzer, stock charts, and other services, users must sign up and choose one of the pricing plans.
What Is ChartMill’s Setup Rating?
It ranges from 0 to 10 and measures the effectiveness of the setup pattern for a specific stock.
