In the fast-paced world of financial markets, having access to effective and comprehensive tools for analysis and decision-making is crucial for traders, investors, and money managers. Symbolik by DeMARK® is a cloud-based financial analytics application that aims to meet these needs, offering a range of features and tools to help navigate the markets effectively. In this detailed review, we will explore Symbolik’s standard features, charting capabilities, technical studies library, customizations, data coverage, server-side service, and advanced analytics. Additionally, we will delve into the exclusive DeMARK Indicators® that set Symbolik apart from other trading and investment platforms.
Standard Features: Power and Simplicity
Symbolik boasts an impressive array of standard features designed to provide users with a seamless and effective financial analysis experience.
1. Speed & Performance
One of the standout features of Symbolik is its emphasis on speed, performance, and user experience. The platform has been meticulously built from the ground up to ensure that users have access to professional-grade tools while maintaining an efficient and responsive performance. In a world where every second counts in trading, Symbolik’s commitment to speed is a notable advantage.
2. Charting Done Right
Charting is a fundamental aspect of financial analysis, and Symbolik excels in this regard. The platform offers an intuitive and sleek charting interface that meets the expectations of institutional traders. Users can choose from multiple chart types, historical and intraday intervals, spread charts, and custom layouts. This level of charting sophistication allows for in-depth technical analysis and chart customization tailored to individual preferences.
3. Massive Library of Technical Studies
Symbolik’s library of technical studies is a treasure trove for traders and investors. With over 100 free standard technical analytics, drawing tools, and annotations at your disposal, crafting and fine-tuning trading strategies becomes easier than ever. Moreover, the platform offers indicator presets, enabling users to save and quickly retrieve alternate settings, streamlining the analytical process.
4. Custom Layouts
Efficiency and workflow customization are essential in the world of trading. Symbolik recognizes this need by allowing users to create and save custom workspaces. Additionally, the platform offers the flexibility of arranging single-chart tabs and multi-chart tabbed layouts (available in the Plus & Advanced Plans), while supporting concurrent browser instances. This degree of customization empowers traders to optimize their workspace for their specific needs.
5. Portfolios, Quoteboards & News
To keep track of your investments and stay updated on market developments, Symbolik offers a suite of features. Users can utilize system or custom portfolios to follow their preferred assets. The creation of Quoteboards facilitates the monitoring of price action for multiple instruments simultaneously. Furthermore, a news section provides the latest market updates, ensuring that users are well-informed about significant events impacting their investments.
6. Extensive Data Coverage
Symbolik’s integrated ticker plant ensures that users have access to a vast array of market data and financial information. This coverage encompasses US Equities, Global Indices, ETFs, Futures, Forex, and Cryptocurrency. Importantly, this data is available in real-time and delayed formats, accommodating the diverse needs of traders and investors.
7. Server-Side Service
The cloud-based server architecture of Symbolik is a testament to its commitment to user experience. With the ability to process billions of trades and study calculations daily, the platform takes on the most resource-intensive tasks, allowing for a lightweight and fast browser experience. This server-side service is invaluable for ensuring that users can access and analyze data efficiently, without being burdened by hardware limitations.
Chart Tools: A Wealth of Technical Analysis Resources
Symbolik’s chart tools are a vital component of its appeal to traders and investors, offering a wide range of technical studies, drawing tools, and annotations. These tools are designed to assist users in conducting in-depth technical analysis and formulating trading strategies. Below is a comprehensive list of the available chart tools:
- Accumulation / Distribution
- Accumulative Swing Index
- Average Directional Index
- Average True Range
- Balance of Power
- Bollinger Bands
- Candle Patterns
- Chaikin Money Flow
- Chandelier Exit
- Commodity Channel Index
- Congestion Count
- Coppock Curve
- Cycle Finder
- Cycle Lines
- Data Range
- Derivative Oscillator
- Detrended Price Oscillator
- Directional Movement Index
- Donchian Channel
- Double Exponential Moving Average
- Elder Force Index
- Fibonacci Extension
- Fibonacci Projection
- Fibonacci Retracement
- Fisher Transform
- Historical Volatility
- Horizontal Line
- Kairi Relative Index
- Keltner Bands
- Know Sure Thing
- Line Segment
- McGinley Dynamic Indicator
- Moving Average
- Moving Average Envelope
- Moving Average (Hull)
- Moving Average Oscillator
- Moving Linear Regression
- On Balance Volume
- Percentage Price Oscillator
- Price Channel
- Price Range
- Price Zone
- Psychological Line
- Rate of Change
- Regression Slope
- Relative Momentum Index
- Relative Volatility Index
- SSL Indicator
- Stochastic RSI
- Trend Detection Index
- True Strength Index
- Ultimate Oscillator
- Vertical Horizontal Filter
- Vertical Line
- Volatility Stop
- Volume Weighted Average Price
- Williams Percent R
- Zig Zag
This extensive list of chart tools showcases Symbolik’s commitment to providing users with the technical analysis resources they need to make informed trading decisions. Whether you’re a novice trader or a seasoned professional, Symbolik’s charting capabilities cater to a wide range of users.
Advanced Analytics: Elevating Your Market Analysis
Beyond its standard features and comprehensive chart tools, Symbolik offers advanced analytics that can significantly enhance your market analysis and decision-making processes.
Custom Condition Builder
Symbolik’s Custom Condition Builder empowers users to create their own custom technical conditions and alerts. This feature is invaluable for traders who rely on specific technical indicators and conditions to trigger their trading strategies. With the ability to define and monitor custom conditions, users gain more control over their trading decisions and can respond promptly to changing market conditions.
Price & Condition Alerts
Staying informed about price movements and specific market conditions is vital for traders and investors. Symbolik addresses this need by offering price and condition alerts. Users can set up alerts to receive notifications when a particular price level is reached or when specific technical conditions are met. This proactive approach to monitoring the markets enables users to react swiftly to potential trading opportunities or risks.
Real-Time & Scheduled Scans
Symbolik’s real-time and scheduled scans provide users with the capability to scan the markets continuously for specific technical patterns, conditions, or opportunities. Whether you’re looking for breakout patterns, trend reversals, or other trading signals, these scanning features allow you to stay ahead of the curve. Scheduled scans also enable users to automate their market analysis, freeing up time for other essential tasks.
DeMARK Indicators®: A Unique Advantage
One of the standout features of Symbolik is its exclusive access to the DeMARK Indicators®. Developed by Tom DeMark over nearly five decades, these market timing tools are renowned for their effectiveness and have been used by top financial funds, firms, and figures. Symbolik’s status as the only licensed source for DeMARK indicators on the web gives it a distinct edge in the world of financial analytics.
The DeMARK Indicators® are designed to anticipate price activity rather than merely reacting to it. This proactive approach to market timing is invaluable for managing positions, portfolios, and risk effectively. By incorporating DeMARK Indicators® into your analysis, you can gain a deeper understanding of market trends and potential turning points, enhancing your ability to make well-informed trading decisions.
Conclusion: Symbolik by DeMARK – Empowering Financial Analysis
Symbolik by DeMARK® is a comprehensive and feature-rich financial analytics application that caters to the needs of personal and professional traders, investors, and money managers. Its standard features provide users with the tools they need to analyze and monitor the financial markets effectively, from speedy performance to extensive charting capabilities and an expansive library of technical studies.
The platform’s commitment to customization and efficiency allows users to tailor their workspace to their specific preferences, streamlining their workflow. With access to a breadth of market data and the advantage of server-side processing, Symbolik ensures a fast and responsive user experience.
Symbolik’s advanced analytics, including the Custom Condition Builder, Price & Condition Alerts, and Real-Time & Scheduled Scans, elevate the platform’s capabilities, allowing users to gain deeper insights into the markets and make timely decisions.
However, what truly sets Symbolik apart is its exclusive access to the DeMARK Indicators®. These time-tested market timing tools, developed by Tom DeMark, provide a unique advantage to Symbolik users. By leveraging the DeMARK Indicators®, traders and investors can anticipate market movements and better manage their positions and portfolios.
In conclusion, Symbolik by DeMARK® stands out as a powerful and versatile financial analytics application that empowers users with the tools and insights they need to navigate the markets successfully. Whether you’re a seasoned trader or a newcomer to the world of finance, Symbolik’s features, chart tools, advanced analytics, and exclusive access to DeMARK Indicators® make it a valuable asset in your financial toolkit.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.