eSignal Review: Pricing, Charting & Services Tested

eSignal Review
Overall
3.6
  • Pricing and Software
    (4)
  • Trade Management
    (4.5)
  • Fundamental Screening
    (4)
  • News & Social
    (2)
  • Technical Analysis
    (3.5)
  • Systems & Backtesting
    (3.5)
User Comments Rating 0 (0 reviews)

eSignal Summary

eSignal provides a technical analysis charting and stock screening service. eSignal offers the analysis of Stocks, Futures, Forex, and Options. The entry-level service starts at $54eSignal provides a technical analysis charting, real-time news, and stock screening service. eSignal offers the analysis of Stocks, Futures, Forex, and Options. The entry-level service starts at $54/month, while the full package is an expensive $359/mo./month, while the full package is an expensive $359/mo.

Pros

  • Good quality charts
  • Good selection of indicator
  • Stocks, Forex, Futures & Options
  • Good Market Depth Scanning
  • Backtesting Possible
  • Excellent Trade Execution

Cons

  • Expensive for the Full Scanning Package
  • No Real-time News Included (extra cost)

eSignal Review – Interactive Data Inc.

Recommended for those who like great charts, scanning, broker & chart trading integration and an easy to use yet powerful and elegant interface.

Pricing and Software 4/5

eSignal offers a quality product that is well developed, looks great and has beautiful charts.  It will run on your PC, Mac, Tablet or Smartphone.

Not only that they have global data coverage for all stock exchanges, very fast data speeds and cover all markets, from equities and ETFs to Futures and Forex. Unfortunately, there are extra exchange fees for the data.

eSignal Pricing Comparison

ClassicSignatureElite
$54/mo$176/mo$359/mo
Delayed DataReal-time DataNews & Commentary
ScreenerOptions DataAdvanced Volume Analysis
Stock, Futures, ForexBack-testing

 

Trade Management 4.5/5

Sporting broker integration with TD Ameritrade, Interactive Brokers, and 10 other brokers eSignal has one of the best integrations of any software vendor.

You can place trades from charts and the live profit and loss (P&L) analysis are well developed.  Another top score for eSignal.

Fundamental Scanning and Screening 4/5

eSignal allows you to set up real-time scanning and screening of the markets with live updating watch lists.

eSignal could offer more in the form of scanning for fundamentals however you can list a huge array of fundamentals in your watch list columns.

News & Social 2.5/5

Newsfeeds and more importantly real-time news feeds are important to traders, eSignal offers a solid news stream that should not let you down.  A lack of trader and community chat or market commentary mean eSignal does not score a 10/10 for this section.

Technical Analysis 3.5/10

For the hardcore technical analyst eSignal might not offer enough indicators for your liking, but how many is enough.  eSignal has 22 indicators it calls “Studies” and they work quite effectively.

However, for the drawing tools and the indicators, full real-time alerting is integrated meaning you do not need to miss the action even if you are not looking at the chart.

Stock Systems and Back Testing 3.5/5

eSignal has developed a good ecosystem of stock market system developers who can sell you their systems or develop yours for you.  However, because there is no point and click system development or backtesting you will need to pay for the services.

Ease of Use 4/5

Easy to install and set up, the interface is intuitive and very reactive to market conditions.

eSignal Review Summary

While eSignal is a solid product offering, it is somewhat limited in its scope and for the premium price point, one simply expects more.

If you are looking for software that is able to scan the entire U.S. and Canadian stock markets in real-time then I would strongly recommend TC2000, our review winning software.

If you are looking for the best technical analysis software with backtesting, real-time news, and forecasting, then I suggest MetaStock + Refinitiv.

Alternatively, if you are looking for the best real-time news service you should investigate Benzinga Pro.

Finally, if you what a great mix of screening, charting and a strong social trading community then TradingView is something you should check out.

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