Rating: 5
pick
Version tested: 2.05 beta
Description: Widdly is a free tool that allows you to download and analyse data for stocks, indices, macroeconomical data, currencies, funds, and other financial instruments. It is designed to allow the publication of financial analysis on the widdly.com website and sharing these with a community of users. The tool has a heavy focus on charting and provides numerous charting-related features and options. You can publish your own analyses and/or browse other people’s, with the basic objective of creating a forum-style conversation where members of the community rate the analysis and leave comments.
Widdly.com is aims to bring together a community of financial-analysis-minded users who can publish and share financial analyses. The idea is that users can rate the various published analyses within a 5-star rating system in order to validate the published content. These analyses consist of elaborately constructed charts which may or may not have a sentence-long caption underneath. You have to create a user account to download and the tool will automatically log in every time you use it.
What’s really cool about this program is the ability to instantly download historic data going back 3 years for any conceivable stock and/or financial instrument. You can choose from a multitude of different chart types and charting options; the array of charting possibilities is nothing short than dizzying. These include moving averages, time-series forecasting, trends charting, standard deviation and variance charting. volatility charting, volume/volume based charting, and many, many more. I should also mention the option to outline trends or identify significant event manually on the chart itself, much like you would with any drawing program. What I really like is the ability to overlay the charts for multiple stocks for comparison. Of course you can save any analysis or chart that you build and update it with more current data as you go along. You can also export downloaded data into CSV for analysis with another application such as MS Excel.
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