Sierra Chart vs ATAS. Which platform is the best for trading?
Sierra Chart vs ATAS. Which platform is the best for trading?
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By Yuriy Bishko Updated June 13, 2024 BikoTrading Academy
When it comes to trading cryptocurrencies, having the right platform matters a lot. In this article, we will compare two platforms, ATAS and Sierra Chart, and explain preferences and the functions that are important for crypto traders. Read the article till the end to get the whole Sierra Chart and ATAS trading platform review.
We decided to make ATAS and Sierra Charts review because many traders don't know which platform to choose when they start trading. Let’s compare ATAS vs Sierra Charts and find the most suitable choice for crypto traders in this guide.
User-Friendly Interface
ATAS platform takes the lead with its intuitive and user-friendly interface. Its clean design and easily accessible features make it ideal for traders of all experience levels. By the way, we have prepared and collected all the necessary instructions with our own examples and real trading cases for you on YouTube. Follow the link to the free YouTube playlist and learn!
Sierra Chart, while robust, can be overwhelming and less intuitive, which might not be ideal for traders looking for a seamless experience. It's packed with features, which can be great, but it might also confuse you, especially if you're new to trading platforms.
Specialization in Cryptocurrency
Cryptocurrencies are a bit different from regular stocks or other things that people trade. They can be really unpredictable and change in value quickly. ATAS caters specifically to the needs of crypto traders, offering a range of tools and indicators that are tailored to the unique nature of cryptocurrency markets. This specialization gives ATAS an edge over Sierra Chart, which might not provide the same level of focus on cryptocurrencies.
If you are trading cryptocurrencies, every figure is important, every instrument plays a crucial role in the market analysis. We sincerely recommend using the Bybit exchange as we’ve tested it and it proved to be the most reliable choice for safe and convenient trading. It works best with ATAS and provides all the necessary Order Flow data. Follow the link for registration on Bybit and get bonuses from us!
Market Profile Analysis
Market Profile Analysis in ATAS is like getting a detailed map of how trading happens. Imagine you're at a busy marketplace, and you notice which areas have the most activity and where people gather. In ATAS, this tool helps you see where traders are buying and selling the most within a certain period. It's like having a clearer picture of where the action is happening.
See more in the video: Sierra Chart vs ATAS. The best platform for trading
In Sierra Chart, market profile analysis is a bit similar, but it's like looking at the trading activity from a distance. Instead of a detailed map, you get a broader overview of where trading is happening more or less. With the help of the advanced Sierra Charts Order Flow feature traders get deeper insights into market dynamics. Traders need the Sierra Chart Market Profile tool because it provides invaluable insights into price movements and volume distribution. It can show you where the prices tend to spend more time or where there's more trading volume. While it's helpful, it might not give you the same level of detailed insight that ATAS provides for understanding where traders are really active in the cryptocurrency market.
Real-Time Order Flow
Real-time order flow helps you see if more people are buying or selling a certain cryptocurrency at a particular moment. In ATAS, real-time order flow is like having a special pair of glasses that lets you see how many people want to buy or sell a cryptocurrency right now on different crypto markets. This can help you guess which way the price might go and make smarter decisions. ATAS provides a visual representation of the order book, showing you all the buy and sell orders at different price levels. Cumulative Delta keeps track of how many buy orders are happening compared to sell orders. Footprint charts give you a clear visual of how many orders are happening at each price level over a certain period. All these functions together give you a much clearer picture of what's happening in the market at any given moment.
Sierra Chart also has something similar, but it might not be as clear or detailed as what ATAS offers. Sierra Chart offers tools like Numbers Bars, Footprint Charts, Volume Profile, Market Depth, Cumulative Delta, Trade Statistics, Time and Sales, and Trade Simulation for real-time order flow analysis. Traders can use the Sierra Chart DOM feature for a comprehensive view of market liquidity and order book data. Traders often rely on Sierra Charts Footprint feature to gain a detailed visualization of market order flow and volume. However, ATAS might be more user-friendly and specialized for cryptocurrency traders in this regard with the limited number of crypto exchanges.
Customization and Indicators
ATAS has a bunch of indicator tools, and you can add your own. They show you patterns and clues that help you predict where the market might go. With ATAS, you can personalize how your trading screen looks. You can move things around, resize them, and even change colors to match your style. It's like arranging your room to feel comfy and just right.
Sierra Chart also provides customization options and a wide range of indicators. While it offers versatility, the Sierra Chart indicators might not be as specifically geared toward cryptocurrencies. Traders can benefit from Sierra Chart order flow to get a better understanding of market sentiment and potential price changes. With the help of Sierra Chart spreadsheet trading advanced traders create case studies and personalised alerts. Traders can personalize their charts and layouts, but Sierra Chart's offering might not be as specialized for the nuances of cryptocurrency trading as ATAS' indicators are.
Community and Support
ATAS boasts an engaged and growing community of cryptocurrency traders with hot discussions of questions and answers regarding trading situations. This community provides a platform for sharing insights, strategies, and experiences specific to crypto trading with rich advice on how to trade form professional crypto traders. The ATAS support team is highly responsive and attentive to user needs, ensuring that traders receive timely assistance and solutions to their queries.
Sierra Chart also has a community of traders, but its focus is broader and might not be as tailored to the unique demands of cryptocurrency trading as ATAS' support team is.
Performance and Stability
When it comes to performance and stability, ATAS has established a reputation for maintaining its consistent performance even during periods of high market volatility. This stability is crucial for crypto traders, providing them with reliable access to real-time data about their coins and analysis tools, ensuring they can make informed decisions without disruptions.
On the other hand, Sierra Charts is also known for its stability, but ATAS has gained an edge in this aspect by being specifically designed to handle the dynamic and sometimes erratic nature of cryptocurrency markets.
Cost-Effectiveness
ATAS offers various pricing tiers, including affordable options, which makes it accessible to traders with different budgets. Before committing to a subscription, it's essential to consider the Sierra Chart cost to ensure it aligns with your trading budget. Sierra Charts can be more expensive, and while it offers value, ATAS provides a competitive alternative without compromising on features.
Conclusion
Traders can use both the ATAS and Sierra Chart strategy development features because they help them to create and refine effective trading strategies based on advanced analytical tools and real-time data. But for us the evidence is clear: ATAS is the best choice for crypto traders. Its evident advantages, coupled with ATAS crypto specialization in trading cryptocurrencies, position it as the platform specialized in crypto trading. Join us in choosing ATAS and take advantage of our partnership to get unique bonuses with our referral program.
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