Optuma has been in the technical analysis market for three decades. They cater to individual investors and fund managers and are a big hit with their customers due to their innovation, original charting, robust technical analysis, and customer support.
Optuma Review Test Results & Ratings
|💸 Pricing & Software
|📰 News & Social
|📈 Charts & Analysis
Optuma Review Summary
This Optuma review reveals a comprehensive market analysis platform developed for professional technical analysts in financial institutions but also available to retail investors. Optuma specializes in exotic charts such as Gann, Seasonality, and Relative Rotation. Optuma’s main customers are financial institutions, and they have the pricing and support team to match.
Optuma Review: Key Features
|Powerful Charts, Real-time Data, Screening
|🏆 Unique Features
|Gann, Seasonality, Astrological Charts
|🎯 Best for
- Great Technical Analysis Charts
- Gann Charts & Seasonality Charts
- Good Broker Integration with Interactive Brokers
- High-Quality Quant Backtesting
- Point & Figure Charts
- Market Profile Charts
- Good Customer Satisfaction
- Professional Enterprise Services
- Powerful PC Required
- Separate Datafeed Required
- Pricing Targeting Professional Investors
- No Social
- No Integrated News Feeds
What is Optuma?
Optuma is a technical analysis stock charting tool created as the brainchild of Mathew Verdouw, a leading technical analyst. Optuma is developed for professional technical analysts in financial institutions but is also available to retail investors. Optuma specializes in exotic charts such as Gann & Relative Rotation Graphs.
Pricing and Software
Optuma is at the top end when it comes to price. You will need a powerful PC to run it, but with IQFeed, GFT, and MT4 data integration, excellent customer services, and the full range of instruments covered (Stocks, EFTs, Mutual Funds, Options, Futures, FOREX, Bonds) for the premium price you get the premium package.
Optuma is a super slick technical analysis platform designed for professional technical analysts in the Financial Industry. However, it is also priced to appeal to individual investors and traders. Starting at a very reasonable $82 per month for “Optuma Trader,” you will get the end-of-day data from 5 country groups, which is more than enough. Stepping up to “Optuma Enterprise” at $207 per month adds many unique features like Market Intelligence Charts, Full Relative Rotation Graphs (RRG), 3D Charts, Regression Charts, and, importantly, Quantitative Signal Testing.
The team prides itself on first-class customer support, and its clients expect that level of service. Optuma runs natively on PCs and is also available on Tablets.
With Optuma connected to your Interactive Brokers account, you will get all the functionality you need to trade from charts and advanced portfolio tracking and measurement. You will need to open an Interactive Brokers account, but why not? Interactive Brokers are widely considered one of the best and lowest-cost stock brokers out there.
Video Overview of Optuma
Fundamental Scanning and Screening
Optuma is squarely aimed, as you can see from the price, at professional traders and wealth managers. Their clients are tier-one Wall Street investment houses. But you can still take advantage of their first-class solution. If you have a Bloomberg feed already established, this also offers a new world of data and fundamental analytics. This slick integration of fundamentals into the charting and analysis means this is a significant improvement over a Bloomberg terminal and warrants it as a clear leader in this space.
You can build watchlists with fundamental data, and everything operates in real-time; advanced scanning includes an excellent 3-dimensional sector map.
A well-thought-out real-time scanning and filtering engine and the fundamental watchlists are well implemented.
News & Social
If you can afford or have a Bloomberg feed, you will get the top-end real-time market data you need. You can also publish and share ideas among your team or workgroup, allowing improved collaboration through the chat functionality.
Technical Analysis Charts & Indicators
Another perfect 10 for Optuma. A fantastic array of technical indicators (400+) and drawing tools. There is a rich choice of chart types, of course, bar, line, and candlestick, but many more, such as Point & Figure charts.
Optuma also specializes in Gann tools with a full suite, including Gann Grid Lines, Gann Fans, Gann Swing, and even a square of nine charts.
In terms of indicators, they have the best selection on the markets, including Elliott Wave and Darvas Box, Ichimoku & Parabolic SAR; in fact, the full set of exotic indicators are present.
To top it off, they have also implemented an excellent astrological analysis suite as an upgrade for those of you who believe in that sort of thing; yes, commodity traders, I am talking about you :).
Also, one nice charting benefit is the market depth in the price scale of charts, which is unique.
Stock Systems and Backtesting
Optuma has backtesting well covered also, with a well-implemented backtesting and system analysis toolset, which is up there with the industry leaders. Still, unlike the others, you do not need a Ph.D. in mathematics to set up and test your system. The advanced programming language that connects all of Optuma is simple to use, and there are many detailed and helpful videos available so you can also teach yourself. The code runs lightning-fast, and you can scan entire markets quickly and effectively.
The quality of the backtesting and advanced statistical analysis is due to the fact the CEO, Mathew Verdouw, and many of the development team are certified Chartered Market Technicians (CMT) and Certified Financial Technicians (CFTe) like myself. So, the quality of the testing tools is first-class.
Ease Of Use
Optuma requires a High-End PC workstation to function at speed, but this should not be a problem if you are a serious trader. Also, Optuma is at home on touchscreen devices using multi-touch to allow you to manipulate charts intuitively.
The interface, the shortcuts, and the whole thought process implemented into Optuma warrant a good score in an important section. They also have an extensive video training library, which is valuable to the new customer.
This Optuma review reveals a comprehensive market analysis platform developed for professional technical analysts in financial institutions but also available to retail investors.
Product SKU: NA
Product Brand: Optuma
Product Currency: USD
Product Price: 130
Price Valid Until: 2025-02-10
Product In-Stock: InStock