Most Quantower reviews point to its unusual model. Instead of one closed package, it offers a free version plus paid extensions you only buy if you need them. If you want to try volume analysis without a big upfront cost, it's an interesting place to start.
What Quantower includes
- Volume analysis: cluster charts (each candle split into price levels, with the volume traded at each one), volume profiles and time-based stats.
- DOM Surface: the DOM, or depth of market, is the live list of pending buy and sell orders at each price. DOM Surface draws it as a heatmap so you can follow how liquidity shifts.
- TPO charts, which show how much time price spent at each level, and extensions like Power Trades, which highlights bursts of large trades.
- Specialty charts such as Renko, Kagi, Point & Figure and Heikin-Ashi, with alerts on the chart.
Is Quantower free?
Partly. The free version works without sign-up and lets you know when you hit a paid feature. There's also a full 7-day trial with an account. Extensions are sold monthly, yearly or as a lifetime purchase, and there's a license that bundles everything. One catch: no license includes market data, which you buy separately depending on the market. It runs on Windows, so if you use another operating system, check before you commit.
What to check before you pay
- Only buy what you use. The advantage of a modular model disappears if you end up paying for extensions you never open.
- Your market. Volume analysis makes sense where volume is centralized (futures, stocks, crypto), not in spot forex.
Volume confirms; your strategy decides. Practice yours candle by candle before you add more layers of analysis.
See plansIs it worth it?
It's a good way to get into volume analysis for little or no money. If you later need deeper footprint charts and advanced stats, compare it with ATAS. If a liquidity map is what interests you, compare it with Bookmap. And before any of that, make sure your rules hold up by doing enough backtesting before you trade live.
Frequently asked questions
- What is Quantower?
- Charting and analysis software with a modular model: a free version plus paid extensions for volume analysis (cluster charts, profiles), a DOM with a heatmap, specialty charts and more.
- Is Quantower free?
- There's a limited free version that doesn't require sign-up, and a full 7-day trial with an account. Advanced volume and DOM features are paid, either as extensions or through the full license. Market data is purchased separately.
- Is Quantower safe?
- It's established, widely used software, and it never holds your money. As with any program you connect to your accounts, download it only from the official website and review the permissions you grant.
Keep reading: ATAS review: volume and order flow analysis software · Bookmap review: a heatmap of market liquidity · MZpack review: order flow for NinjaTrader 8
Educational content only; it is not financial advice or an investment recommendation. Trading financial markets involves the risk of losing money, and past performance does not guarantee future results: do your own research before subscribing to any tool. The brands mentioned belong to their respective owners, who do not sponsor or endorse this content.