When we mention the name NetDania, the first thing that usually comes to mind is the company’s mobile trading platform and the NetStation trading platform. It was several months ago when Finance Magnates was offered a sneak peek at the company’s new charting solution, The Five Star Chart.
The main focus at the time was on the speed and responsiveness of the solution, and after 8 months of further development these characteristics have evolved into something quite unique for the industry. The launch of the product has culminated in an HTML5 chart that works seamlessly across all platforms and devices.
To find out more about it, Finance Magnates spoke with Cristinel Ungureanu, the Head of the NetDania Web Department. He explained, “We have a single chart but it takes intelligent decisions depending on the platform on which it runs. This way we can take advantage of each operating system, and work around any disadvantages, why the chart provides excellent performance for all end-users.”
In what is a milestone for the industry, the Five Star Chart delivers 30 to 60 frames per second with 500 to 1000 bars displayed with a couple of studies included. While this remains below desktop platform performance, it still seems seamless when used on mobile – in contrast to most other offerings on the market.
The Five Star Chart comes in several versions, with the Lite option already live, and Total Trader and Pro Patterns solutions being released in June and Algo Cloud in August. Those will include 19 extended chart types, support for virtually any timescale, over 200+ studies, pattern recognition, multi-chart functionality and more.
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From an API perspective, the solution is not open source, but it is close. NetDania has made sure that white label clients can tweak and deploy the solution easily. An API allows the white label clients to add their own features, menus, drawings and ensures that the chart can interact with other components in the client’s system.
Adding news events to the chart, or implementing a certain custom feature provides unlimited customization options to NetDania’s clients.
Trading from the chart in HTML5 is an important feature that also differentiates the offering from competing solutions, but probably one of the most sought after features is the NetDania Alert Services within the Five Star Chart. Setting alerts on chart trend-lines, studies and patterns complements the traditional price level alerts.
Looking in detail at the study alerts options, users can receive alerts when a favorite study meets certain conditions, or when certain candlesticks patterns are automatically discovered. Advanced combinations between studies and patterns are also possible with alerts being sent from the NetDania Cloud to NetStation, NetDania Mobile, Five Star Chart or to e-mail recipients.
The Five Star chart is typically licensed as a standalone application running from the client’s server, using data provided by the client. NetDania also offers a hybrid solution, where the client can host the chart, while NetDania provides the data.
A fully hosted solution is also available, where NetDania hosts the chart and provides all data. The company can serve your data in the chart, or serve data from various third party sources. NetDania offers data from all global exchanges.