useThinkScript vs Quantower

Struggling to choose between useThinkScript and Quantower? Both products offer unique advantages, making it a tough decision.

useThinkScript is a Finance solution with tags like technical-analysis, charting, automated-trading.

It boasts features such as Create custom indicators and strategies, Backtest indicators and strategies, Deploy custom code within Thinkorswim platform, Access price data and studies, Develop complex trading logic and alerts and pros including Powerful functionality, Integrates seamlessly with Thinkorswim, Large community support, Free to use.

On the other hand, Quantower is a Finance product tagged with charting, technical-analysis, day-trading, scalping.

Its standout features include Advanced charting, Level 2 quotes, Over 100 technical indicators, News feeds, Screening and scanning, Fast trade execution, Customizable workspace, Automated trading, and it shines with pros like Powerful charting capabilities, Low latency order execution, Support for multiple asset classes, Customizable layouts and workspaces, Large library of indicators, Built-in screening and scanning.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

useThinkScript

useThinkScript

useThinkScript is a free custom indicator and trading strategy creation platform for Thinkorswim. It allows traders to code, backtest, and deploy their own custom indicators and trading systems within the Thinkorswim platform.

Categories:
technical-analysis charting automated-trading

UseThinkScript Features

  1. Create custom indicators and strategies
  2. Backtest indicators and strategies
  3. Deploy custom code within Thinkorswim platform
  4. Access price data and studies
  5. Develop complex trading logic and alerts

Pricing

  • Free

Pros

Powerful functionality

Integrates seamlessly with Thinkorswim

Large community support

Free to use

Cons

Steep learning curve

Limited documentation

Debugging can be difficult


Quantower

Quantower

Quantower is an advanced charting and trading platform designed for day traders, scalpers and analysts. It allows fast order execution, level II quotes, advanced charts with over 100 indicators, news feeds and screening.

Categories:
charting technical-analysis day-trading scalping

Quantower Features

  1. Advanced charting
  2. Level 2 quotes
  3. Over 100 technical indicators
  4. News feeds
  5. Screening and scanning
  6. Fast trade execution
  7. Customizable workspace
  8. Automated trading

Pricing

  • Free trial
  • Monthly subscription
  • Annual subscription
  • Lifetime license

Pros

Powerful charting capabilities

Low latency order execution

Support for multiple asset classes

Customizable layouts and workspaces

Large library of indicators

Built-in screening and scanning

Cons

Steep learning curve

Limited customer support options

Data feeds require additional purchase

Lacks some features of larger platforms