A program to install
AmiBroker is a Windows desktop program. On a Mac it runs through Boot Camp, Parallels or VMware.
Compare
AmiBroker vs Arth.live.
A free AmiBroker alternative.
AmiBroker is desktop software known for portfolio backtesting and its AFL formula language. Arth.live is a charting platform built from scratch in India that runs in your browser, and it is free for everyone: every indicator, every drawing tool and up to 16 charts on one screen, with no paid plan. Here are the two side by side, so you can decide which fits the way you work.
01 / At a glance
Side by
side.
What each one gives you today. Checked on 12 November 2026; sources are at the end of the page.
| AmiBroker | Arth.live | |
|---|---|---|
| Price | A paid licence in three editions, with a free trial | Free for everyone. There is no paid Arth plan |
| Where it runs | A Windows desktop program; on a Mac through Boot Camp, Parallels or VMware | In the browser, on a computer or a phone. Nothing to install |
| Indicators and chart types | Hundreds of well-known indicators, with bar, candle and line charts, range and volume bars | 100+ indicators, 25 candle patterns, 25 chart formations and 19 chart types |
| Drawing tools | Trend lines, rays, parallel lines, regression channels, Fibonacci tools, Gann squares, arcs and circles | 50 drawing tools in 9 groups: lines, channels, pitchforks, shapes, text, Fibonacci, Gann, pattern drawings and measuring |
| Charts on one screen | Charts float to other monitors; layouts are saved and switched with one click | 16 on a larger screen, 4 at a time on a phone; layouts saved in your browser |
| Price alerts | Alerts with text, popup, e-mail and sound, from real-time prices | Chart alerts are free |
| Your own indicator | Written in AFL, its formula language. The AFL Code Wizard (Ultimate Pack Pro) writes AFL from plain English | Arth Script: say it or type it in plain words, in 25 languages. No coding |
| Backtesting a rule | Buy and sell rules written in AFL; portfolio-level backtests, walk-forward testing and Monte Carlo simulation | Describe the rule in words and see the trades, P&L, win rate and drawdown |
| Your own AI app (MCP) | Not stated on its public pages | Arth MCP is live: your AI reads candles, builds a rule and runs a backtest on the Arth.live engine, free |
| Market data | From a data source you choose, such as eSignal, IQFeed or Interactive Brokers | Software, not a data vendor: live prices come from your own broker or data-feed vendor |
| Trading from the chart | Orders placed from your AFL code through its auto-trading interface | Through the free QuantPower bridge, with 100+ Indian brokers |
02 / Why traders look
Why look for an
AmiBroker alternative.
Arth.live starts from the other end. It opens in the browser, nothing is held back for a paid plan, your own indicator starts as a sentence, and the broker is the one you already have.
A licence to buy
AmiBroker is sold as a licence in three editions: Standard, Professional and Ultimate Pack Pro, with a free trial. Some tools, such as the AFL Code Wizard, come only with the top edition.
Your own indicator means AFL
Indicators and trading rules on AmiBroker are written in AFL, its formula language. Its own backtesting guide asks you to write your rules as buy and sell rules in AFL.
03 / What you get
On Arth.live,
free.
Every tool, from the first day
100+ indicators, 25 candle patterns, 25 chart formations, 19 chart types, 50 drawing tools, bar replay, saved layouts and alerts. Nothing is held back for a paid plan.
16 charts on one screen
Sixteen symbols or sixteen timeframes side by side on a larger screen. A phone shows four at a time.
Arth Script, in plain words
Say “show me when the close crosses above the 20 EMA with RSI above 55”. Arth AI writes the script, shows the rule back to you in plain words and draws it on your chart. Save it, use it in alerts, share it.
Your own language
Arth AI answers in 25 languages: English, 15 Indian languages and 9 others.
04 / One rule, two routes
The same idea,
both ways.
A trader has a simple idea for NIFTY. Buy when the 15-minute close crosses above the 20 EMA and RSI (14) is above 55. Exit when the close falls back below the 20 EMA. This is how it gets from an idea to a backtest on each platform.
| Step | On AmiBroker | On Arth.live |
|---|---|---|
| Put the rule in | Write the buy and sell rules in AFL | Type or say the sentence to Arth AI |
| Check it | Read the formula | Arth AI shows the rule back to you in plain words |
| Backtest it | Run the backtest in its Analysis window and open the report | Ask for a backtest. The trades, P&L, win rate and drawdown come back |
| Use it again | Save the formula | Save it under My indicators, or ask your own AI app through Arth MCP |
A backtest shows past results on historical candles. It is not a forecast. How Arth Script works
05 / Fair to say
Where AmiBroker
is stronger.
If you test whole systems across many symbols, AmiBroker is made for it. This is what its own pages describe.
Portfolio-level backtesting
AmiBroker tests a system on the portfolio level, with many securities traded at the same time, and controls how much of the portfolio goes into each trade.
Walk-forward and Monte Carlo
Its pages describe fully automated walk-forward testing and Monte Carlo simulation to check worst-case scenarios and the probability of ruin.
Optimisation
AmiBroker can try thousands of parameter combinations, with exhaustive search and with smart search methods (Particle Swarm and CMA-ES), up to 100 optimisation parameters.
Scans across a whole database
Its scans run your rules over the symbols in your database and report the signals, and its explorations return a table you can filter and sort.
06 / AI
Arth AI, and
your own AI.
Arth AI is software, not an adviser. It gives no buy or sell calls.
Arth AI, inside the chart
It writes rules and indicators from plain language, explains what an indicator measures and backtests your own rules on historical candles. 100 free actions a month.
Arth MCP, for the AI app you already use
If you already use Claude or ChatGPT, connect it with Arth MCP and keep working in your own AI app. Arth MCP is live today: your AI can read candles, build a rule and run a backtest on the Arth.live engine. AmiBroker’s AFL Code Wizard, in its Ultimate Pack Pro edition, creates AFL formulas from plain English sentences.
07 / Trading
Trade from the chart,
with your own broker.
Your broker, not a short list
Arth.live is charts and research. When you want to trade, the free QuantPower bridge connects your own broker account to the same chart, with 100+ Indian brokers to choose from. Your money and positions stay with your broker.
Brokerage is your choice too
Because the broker is yours to choose, you pick the brokerage plan that suits you. The list includes brokers with lifetime-free brokerage plans.
You place the order
In QuantPower you place orders from the chart, on your own broker account. An order that Quanty AI prepares waits for your confirmation.
08 / Questions
Quick
answers.
Is Arth.live really free?
Yes. Arth.live is free for everyone. Indicators, patterns, drawing tools, replay and layouts are all included, and there is no paid Arth plan.
Is Arth.live an AmiBroker alternative?
Yes, for charting, indicators, drawing, alerts, your own scripts and backtesting a rule on a chart, in the browser with nothing to install. For portfolio-level backtests, walk-forward testing and optimisation, AmiBroker is the specialist. Arth.live is built from scratch in India and shares its chart engine with QuantPower.
Can I bring my AFL formula?
Arth.live uses Arth Script. Describe the same idea in plain words and Arth AI writes it for you.
Where do live prices come from?
From your own broker or data-feed vendor, connected through the free QuantPower bridge. Arth.live is software, not a market-data vendor.
Can I trade from Arth.live?
Orders are placed in QuantPower, on your own broker account, from the same chart. The bridge is free; your broker’s own charges apply.
Will Arth AI tell me what to buy?
No. Arth AI is software, not a research analyst or adviser. It helps you write, check and backtest your own rules. Trading involves risk.
Start
Open the chart.
It is free.
Open the free chart Trade from the chart
Sources, checked on 12 November 2026. AmiBroker’s own pages: Home page, Feature list, Quick tour, Backtesting guide. Arth.live: Features, Arth AI, Arth Script and Arth MCP.
AmiBroker and AFL are trademarks of their owners. Arth.live is not affiliated with AmiBroker. Information about AmiBroker comes from its public pages on the date shown; if anything is out of date, write to us and we will correct it within 72 hours. Arth.live and QuantPower are software and give no buy/sell advice. Trading involves risk.