Yes, Finally the Villan arises for the Paid Realtime feed softwares. May be it would be a super hero among common people. Motive wave is currently a free trading/Charting software just like Ninja Trader and it is free till its Pre-Launch initiative. MotiveWave is similar to just like any charting packages like Amibroker, MetaStock..etc. with all the basic and some advance indicators like Gartley, Elliot Wave, Kaufman Adaptive moving average and many more advance indicators.
But it slightly differs from other charting package as its supports realtime intraday charting with free backfill from google/yahoo and it contains more than 3months of intraday Historical 5min/15 min data available a year of historical intraday hourly data is available. MindBlowing isn’t it? Moreover free datafeeds are available for the world stocks, indices and even forex too. What else you need at free of cost?
How to configure Motive Wave for NSE/BSE Market
Step 1: Download MotiveWave. and get registered
Step 2: One you got registered you will recieve a license file(mwave_license.txt) via mail. Save the attached file (mwave_license.txt) to your computer desktop.
Step 3: Run the setup program (mwave_setup.exe) that you downloaded in Step 1. Complete all steps in this installation wizard.
Step 4: Run the MotiveWave application by clicking on the desktop icon or from the Start Menu. On page 2 of the initialization wizard you will be asked for the license file you downloaded in Step 2.
Step 5: Pages 3 and 4 of the initialization wizard will allow you to create a workspace. While creating work space select the connection information Service as Google/Yahoo as shown below. On completion MotiveWave will start.
Create Instrument Folder Dialog Box Apprears and Now enter NSE as the folder name and press ok as shown below. This will create a new quote bar named NSE on the right hand . Now right click on the top of the sidebar and select search for Instrument as shown below
Now enter the google finance symbol or the stock name to search from its database. For Nifty the google symbol is .NSEI .by entering the same on it the software retrives the symbol from the database. Now press ok so that the symbol adds to the NSE folders list.
My Experience with this software is really awesome and user friendly with less jargons . Iam also to configure my Ichimoku trading system even 5-13 EMA channel trading system and also still need to explore a lot in this software package. Definitely worth a try at free of cost.
For detailed information on MotiveWave features see: http://www.motivewave.com/help/features.htm