Trading in the stock market can be a daunting task for many investors. The vast amount of information and data available can often be overwhelming, making it challenging to identify the best investment opportunities. However, with the right tools and resources, investors can unleash their trading potential and maximize their returns.
One such tool is Finviz Elite, a powerful stock screener that offers a range of advanced features and tools to help investors make informed investment decisions.
Finviz Elite is a leading platform that provides traders and investors with a comprehensive suite of tools to help them navigate the stock market effectively. With its range of advanced features, Finviz Elite can help investors filter and track stocks based on their preferred criteria, while providing real-time and pre-market data to keep them up-to-date with the latest market trends.
This article will delve into the various features of Finviz Elite, including its stock screener, chart types, newsfeed, and powerful backtesting capabilities, as well as its cost and value proposition. By the end of this article, readers will have a better understanding of how Finviz Elite can help them unleash their trading potential and achieve their investment goals.
Key Takeaways
- Finviz is a stock screener available for free and as a paid version called Finviz Elite, which provides real-time and pre-market data for low costs.
- Finviz Elite offers advanced charting and backtesting features, allowing users to create and test long and short strategies with different entry and exit conditions, which falls short compared to Trade Ideas Pro for complex trading strategies and intraday-backtests.
- Finviz Elite is worth every cent for mid-term and long-term investors, fundamental traders, and data enthusiasts, as it provides in-depth statistics, data export functionalities, customized filters, and a massive amount of data for building a database or feeding an external system.
- Finviz Elite’s customization options allow users to fine-tune the visual appealing of the platform, and the export-feature is unique and cannot be found elsewhere.
What is Finviz?
Finviz is a popular online platform that offers a free and pro version called Finviz Elite. Finviz Elite is primarily a stock screener tool that allows users to filter and track stocks based on over 60 criteria, while providing advanced charting features, newsfeeds, and other customizable functionalities.
The platform is founded in 2007 and has since become a go-to source for market analysis and financial visualizations. With 18.75 million monthly users, Finviz is one of the most frequently used stock screeners among investors.
Finviz Elite provides more benefits for traders than investors, with its real-time and pre-market data, advanced charting features, and backtesting capabilities for different entry and exit conditions. The platform also offers a correlation feature for finding related stocks, and advanced screener functionalities provide in-depth statistics, data export functionalities, and customized filters.
While Finviz Elite lacks features like Level 2, times and sales, tick charts, and one-click trading, the platform is still worth every cent for those who need its features.
Free vs. Elite
The difference between the free and paid versions of the stock screener is significant, with the free version offering limited functionalities and the paid version, Finviz Elite, providing advanced features for a fee.
Finviz Elite offers a backtesting feature with 100 backtestable technical indicators, real-time and pre-market data, advanced charting features, and customized filters. These benefits may be particularly appealing to data enthusiasts and technical traders looking to fine-tune their trading strategies.
While the free version of Finviz may be suitable for mid-term and long-term investors, upgrading to Finviz Elite may be worth it for those who require more advanced features. With a cost of $39.50 per month or $299.50 per year, the yearly subscription saves $174.50 compared to the month-by-month subscription.
Additionally, Finviz Elite provides a 30-day money-back guarantee, making it a low-risk investment for those who wish to test out its features. Overall, for traders looking to unleash their trading potential, Finviz Elite’s benefits may make the upgrade worth it.
Stock Screener
Advanced filtering and tracking of stocks based on multiple criteria is made possible through the use of Finviz’s stock screener tool. This tool allows traders and investors to screen for stocks based on a variety of factors such as market cap, industry, volume, and performance indicators such as P/E ratio, EPS, and dividend yield.
With over 60 criteria available, users can fine-tune their screening strategies to find the stocks that meet their specific investment goals.
The stock screener is one of the core features of Finviz and is available for free to all users. However, Finviz Elite subscribers have access to even more customizable filters and can backtest their trading strategies.
The screener is an indispensable tool for traders and investors looking to save time and narrow down their options to a select few stocks that meet their investment criteria.
Chart Types
Candle, line, and advanced charts are the three types of charting tools available on the Finviz platform, allowing users to visualize stock trends and patterns. Candle charts are a popular charting tool that represent the price movements of a stock over a specified period. They are useful for technical analysis, as they provide more information than a simple line chart. Candle charts display the opening and closing prices, as well as the highest and lowest prices, for a specified time frame.
Line charts, on the other hand, represent only the closing prices of a stock over a period. They are simple and easy to read, making them ideal for beginners. Line charts are useful for identifying long-term trends and patterns. Advanced charts, as the name suggests, offer more customization options for technical analysis. They include technical indicators, overlays, and drawing tools that allow users to analyze stock trends in greater detail. The table below summarizes the features of each chart type.
| Chart Type | Description | Advantages | Disadvantages | ||
|---|---|---|---|---|---|
| Candle | Displays opening, closing, highest, and lowest prices over a specified period | Provides more information for technical analysis | May be overwhelming for beginners | ||
| Line | Displays only the closing prices over a period | Simple and easy to read | Does not provide as much information as candle charts | ||
| Advanced | Offers more customization options for technical analysis | Provides detailed insights into stock trends | May be too complex for beginners | Requires a good understanding of technical analysis concepts and chart patterns. |
Newsfeed
One valuable feature of the Finviz platform is the newsfeed, which presents the latest news and articles about stocks and investments in a timely and organized manner, allowing users to stay informed and up-to-date on market trends. The newsfeed is available for free to all users and can be sorted chronologically or by origin, providing users with a customizable and efficient way to track market trends.
The newsfeed analysis feature of Finviz is particularly useful for traders and investors who want to stay informed about the latest market developments and make informed decisions based on current events. By providing a comprehensive newsfeed, Finviz allows users to track market trends and stay up-to-date on important news and events that can impact their investments.
Overall, the newsfeed is an essential tool for anyone looking to unleash their trading potential and stay informed about the latest market trends.
Powerful Features
Moving on from the newsfeed, let’s now explore the powerful features that Finviz Elite offers.
One of the standout features of Finviz Elite is its advanced analysis capabilities. With over 60 customizable filters, traders can screen the market based on their unique criteria, such as technical indicators, fundamentals, and industry-specific information. This allows users to identify potential trading opportunities with ease, potentially saving hours of manual research.
Additionally, Finviz Elite’s backtesting feature allows users to create and test trading strategies based on historical data. This feature is particularly useful for traders who want to refine their trading strategies and optimize their approach. By testing their strategies using past market data, traders can get a better sense of how their strategies would have performed in different market conditions, helping them to make more informed decisions in the future.
Overall, Finviz Elite’s powerful features give traders the tools they need to take their trading to the next level.
Backtesting
Finviz Elite’s backtesting feature is a valuable tool for traders to test their trading strategies based on historical data. By using this feature, traders can determine the effectiveness of their strategies in various market conditions, which can help them make informed decisions about their trades.
Backtesting advantages include the ability to fine-tune strategies, identify potential weaknesses, and gain confidence in trading decisions. Moreover, Finviz Elite’s backtesting feature offers several advantages for traders.
First, it allows traders to save time by testing their strategies without risking actual money. Second, it provides insights into how a trading strategy would have performed in real-world scenarios. Third, it enables traders to optimize their strategies and make adjustments as needed.
Overall, backtesting strategies is a crucial step in successful trading, and Finviz Elite’s backtesting feature provides traders with a valuable tool to unleash their trading potential.
Customized Filters
Customized filters are a crucial aspect of Finviz Elite that offers traders the flexibility to enhance their stock screening process and identify potential trading opportunities based on specific criteria.
The advanced screening feature allows traders to personalize their criteria by selecting from over 60 different filters, including technical indicators, fundamental ratios, and other parameters. This feature enables traders to narrow down their search, making it easier to identify stocks that meet their desired criteria and increase the chances of finding profitable trades.
With customized filters, traders can tailor their screening process to their specific trading strategy, enabling them to find potential trading opportunities that align with their investment goals.
This feature is especially beneficial for traders who use a combination of technical and fundamental analysis to make trading decisions.
Finviz Elite’s customized filters provide traders with a powerful tool to identify profitable trading opportunities that meet their unique criteria, ultimately leading to greater success in the stock market.
Cost and Value
The cost and value of Finviz Elite’s features are crucial considerations for traders and investors seeking to optimize their stock screening and analysis process.
Finviz Elite’s pricing is competitive, with a monthly subscription fee of $39.50 and an annual subscription fee of $299.50. The yearly subscription saves traders $174.50 compared to the month-by-month subscription and comes with a 30-day money-back guarantee.
Finviz Elite’s value proposition lies in its advanced features, including real-time and pre-market data, backtesting, correlation, and customized filters. Compared to other data feeds for stocks and futures, Finviz Elite’s data feed costs less, making it an attractive option for traders.
However, it is important to note that Finviz Elite may not be suitable for hardcore day traders as it lacks features like Level 2, times and sales, tick charts, and one-click trading.
Ultimately, traders and investors should consider their specific needs and goals to determine whether Finviz Elite’s features and pricing align with their trading strategies.
Frequently Asked Questions
What are some of the limitations of Finviz Elite for day traders?
Limitations of Finviz Elite for day traders can be observed in its lack of features related to scalping techniques and swing trading strategies. Hardcore day traders may feel disappointed with limited features like Level 2, times and sales, tick charts, and one-click trading.
While Finviz Elite offers advanced charting features for technical traders with more intraday-charts, indicator overlays, and drawing tools, its backtesting feature falls short compared to Trade Ideas Pro for complex trading strategies and intraday-backtests.
However, Finviz Elite’s customization options allow users to fine-tune the visual appealing of the platform, and its data feed costs less than other data feeds for stocks and futures.
Overall, Finviz Elite is a top-notch tool for preparing stock investments, but it may not be the best fit for day traders who require more advanced and specific features for their trading strategies.
Can Finviz Elite be used for backtesting complex trading strategies and intraday-backtests compared to other tools?
Finviz Elite offers a backtesting feature that allows users to create and test long and short strategies with different entry and exit conditions, but falls short compared to Trade Ideas Pro for complex trading strategies and intraday-backtests. While Finviz Elite provides 100 backtestable technical indicators, the backtesting accuracy and trading performance metrics are limited. Therefore, it may not be the best tool for day traders who require more advanced features.
However, for mid-term and long-term investors, fundamental traders, and data enthusiasts, Finviz Elite provides more benefits than the free version of Finviz. The platform’s customization options allow users to fine-tune the visual appeal of the platform, and the export feature is unique and cannot be found elsewhere.
Overall, Finviz Elite is a top-notch tool for preparing stock investments, but for hardcore day traders, other tools such as Trade Ideas Pro may be more suitable.
What are some of the data visualization features available for Forex and Crypto markets on Finviz?
Finviz offers a range of data visualization features for forex and crypto markets. Real-time updates are available for both markets, allowing traders to stay up-to-date with the latest market movements.
Customizable heat maps are also available, which allow traders to explore market trends and identify potential trading opportunities. In addition, Finviz provides a range of charts and graphs that can be used to analyze market data and identify trends.
These features are particularly useful for mid-term and long-term investors, as well as fundamental traders and data enthusiasts. While Finviz Elite offers additional features and benefits, the free version of the platform still provides a wealth of information and tools for traders and investors alike.
Does Finviz Elite offer Level 2, times and sales, tick charts, and one-click trading features?
Finviz Elite, a paid version of Finviz, provides advanced charting features and customizable filters, but it lacks Level 2 Trading, times and sales, tick charts, and one-click trading features.
While Finviz Elite offers backtesting and correlation features, it falls short compared to Trade Ideas Pro for complex trading strategies and intraday-backtests.
The platform’s customization options allow users to fine-tune the visual appeal, but it may not satisfy hardcore day traders who require more features.
Nevertheless, Finviz Elite is a top-notch tool for preparing mid-term and long-term stock investments, and it offers a unique export-feature that cannot be found elsewhere.
How long does the Finviz Elite yearly subscription save compared to the month-by-month subscription?
The Finviz Elite yearly subscription is a cost-effective option for those who plan to use the platform for an extended period. Compared to the month-by-month subscription, the yearly subscription saves $174.50.
The benefits of using Finviz Elite yearly subscription include access to advanced charting features, customizable filters, and real-time and pre-market data for low costs. The backtesting feature allows users to create and test long and short strategies with different entry and exit conditions. Additionally, the correlation feature finds stocks related to another one, which can be helpful for investors.
The platform provides in-depth statistics, data export functionalities, and customized filters. The yearly subscription also comes with a 30-day money-back guarantee, making it a risk-free investment for those who want to try the platform. Overall, the Finviz Elite yearly subscription is a top-notch tool for preparing stock investments and a cost-effective option for those who plan to use the platform for an extended period.
Conclusion
Finviz is a comprehensive stock screener and news platform that offers advanced tools for traders and investors. While the free version of the platform provides a range of features, the paid service, Finviz Elite, offers even more powerful tools, including backtesting, real-time data, and customized filters.
Finviz Elite is particularly useful for mid-term and long-term investors, fundamental traders, and data enthusiasts looking to leverage advanced features to unleash their trading potential. Interestingly, a recent survey found that over 70% of Finviz Elite users reported increased profitability in their trading activities.
This is a compelling statistic that highlights the value of the platform’s advanced features, particularly for those who are looking to optimize their trading strategies and improve their overall performance. With its powerful tools and user-friendly interface, Finviz Elite offers a valuable resource for traders and investors looking to unlock their full potential in the stock market.
