{{Short description|Electronic trading and analysis platform}} {{Multiple issues| {{More citations needed|date=February 2025}} {{Peacock|date=February 2025}} {{Primary sources|date=November 2025}} }}
'''Wealth Lab''' is a electronic trading platform originally developed by Dion Kurczek and released in 2000.<ref>{{Cite web |date=2004-06-23 |title=Fidelity invests in Wealth-Lab Developer software |url=https://www.finextra.com/pressarticle/1300/fidelity-invests-in-wealth-lab-developer-software |access-date=2025-12-05 |website=Finextra Research |language=en}}</ref> The software was acquired by Fidelity Investments in 2004 and made available as Wealth-Lab Pro for Fidelity customers (discontinued in August 2021).<ref>{{Cite web |date=2026-04-28 |title=Wealth Lab: A Comprehensive Guide to the Legacy Technical Analysis & Trading Platform |url=https://www.marketopia.org/blog/wealth-lab/ |access-date=2026-05-12 |website=marketopia.org |language=en}}</ref> As a trading platform, users can develop and deploy automatic trading strategies for various financial markets, including equities, futures, forex, options, and cryptocurrencies.
==Overview== Wealth-Lab (sometimes stylized ''WealthLab'') employs an integrated programming environment based on C# syntax which includes a proprietary scripting language, WealthScript.<ref>{{cite web|url=https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/WLP_Programming_Guide.pdf|title=WealthScript is a class library of charting and trading functions}}</ref><ref> {{Citation | last1 = Altucher | first1 = James | title = Trade Like a Hedge Fund | publisher = John Wiley & Sons | series = 20 Successful Uncorrelated Strategies & Techniques to Winning Profits | page = [https://archive.org/details/tradelikehedgefu00jame/page/ Xii] | year = 2004 | isbn = 0-471-48485-7 | url = https://archive.org/details/tradelikehedgefu00jame/page/ }}</ref> Although geared towards programmers, the platform includes an optional drag & drop interface.<ref name="futures">{{Citation | last = Keener | first = Rob | title = Wealth-Lab Pro (Software Review) | newspaper = Futures (Cedar Falls, Iowa) (Futures Magazine Group) | pages = 58–59 | date = 1 December 2005 }}</ref><ref name="peterson">Peterson, Dennis. "Wealth-Lab Pro", Stocks & Commodities (June 2012), Vol:30:6, p.56-59</ref>
In its standard installation, several market data sources are provided, such as Yahoo! Finance's free End Of Day data. Users can also lease real-time market data from external sources, such as Commodity System Inc.<ref name="peterson" /><ref name="sfo">{{Citation | last1 = Carter | first1 = John | title = SFO Personal Investor Series | publisher = Wasendorf & Associates, Inc. | series = Online Trading | page = 191 | year = 2007 | isbn = 978-1-934354-00-1 }}</ref> In addition to typical market data formats such as candlesticks, lines, and OHLC, Wealth-Lab also supports some less common formats such as kagi chart, Renko, and equicandle. The software also gives access to standard technical analysis indicators and fundamental analysis indicators.<ref name="futures" /><ref name="peterson" />
Wealth-Lab includes exhaustive and Monte Carlo optimization methods and supports additional methods through an extension manager.<ref>{{Citation | last1 = Katsanos | first1 = Markos | title = Intermarket Trading Strategies | publisher = John Wiley & Sons, Inc. | series = (Chapter 10, Trading System Design, Optimization Methods) | year = 2008 | isbn = 978-0-470-75810-6 }}</ref><ref name="futures" /><ref name="peterson" /> Independent developers can create and share extensions; however, a monthly subscription cost is required to run the software on hosted servers.<ref>{{Cite web |title=Subscription Plans for Wealth-Lab 8 - WealthLab |url=https://www.wealth-lab.com/Software/SubscriptionPlans |archive-url=http://web.archive.org/web/20250817213623/https://www.wealth-lab.com/Software/SubscriptionPlans |archive-date=2025-08-17 |access-date=2025-12-05 |website=www.wealth-lab.com |language=en}}</ref>
=== Client availability === Wealth-Lab 8 is available by subscription to customers in multiple countries, including the United States and Canada.<ref>{{Cite web |last=Dave |date=2021-12-12 |title=Wealth-Lab Review - Can It Optimize Your Trading Strategy? |url=https://daytradereview.com/wealth-lab-review/ |access-date=2026-03-16 |website=Day Trade Review |language=en-US}}</ref>{{Primary source inline|date=November 2025}}
Prior to August 2020, two legacy versions of Wealth-Lab existed. Wealth-Lab "Pro" was available to Fidelity premium account holders in the US only. Consumers outside of the US and Canada could obtain a version of the software known as Wealth-Lab "Developer" via the support website. The difference between the two versions primarily concerned their use of market data streams, custom software extensions, and technical support.
In August 2020, Fidelity discontinued the "Pro" version and transitioned customers to use Wealth-Lab Developer 6. Afterwards, the original Wealth Lab team rewrote the codebase and independently released Wealth-Lab 7 internationally in March 2021.<ref>{{Cite web|url=https://pitchengine.com/wealth-lab/2021/04/23/wealth-lab-launches-v7-with-a-new-engine/002517834431221262471|title=Wealth-Lab Launches v7 with a New Engine}}</ref>
=== Technical support === All Wealth-Lab software users can get supplemental help designing and debugging their strategies via the developer community on the forums and wiki found on the support website.<ref>{{Citation | last1 = Altucher | first1 = James | title = Trade Like a Hedge Fund | publisher = John Wiley & Sons, Inc. | series = 20 Successful Uncorrelated Strategies & Techniques to Winning Profits | page = [https://archive.org/details/tradelikehedgefu00jame/page/ Xii] | year = 2004 | isbn = 0-471-48485-7 | url = https://archive.org/details/tradelikehedgefu00jame/page/ }} </ref> Supplemental programming help for creating strategies or extensions is also available at cost by submitting a Concierge support request.<ref>{{Cite web|url=https://www.wealth-lab.com/Support/Concierge|title = WealthLab Concierge Support Services - WealthLab}}</ref>{{Primary source inline|date=November 2025}}
==Extensions== Wealth-Lab 8 allows for integration of brokers and historical/realtime data providers, optimizers, position sizing methods, compiled strategies, reusable method libraries, performance visualizers, chart drawing tools, Building Block Strategy Rules, and more.<ref>{{Cite web |last=Dave |date=2021-12-12 |title=Wealth-Lab Review - Can It Optimize Your Trading Strategy? |url=https://daytradereview.com/wealth-lab-review/ |access-date=2026-03-16 |website=Day Trade Review |language=en-US}}</ref>
* '''Brokers/Data:''' Interactive Brokers, Tradier, Alpaca, and multiple via Medved Trader * '''Crypto brokers/Data:''' Binance, Kraken, KuCoin * '''Data providers:''' IQFeed, EODHD, CSI, CBOE, FinancialModelingPrep, Morningstar, Nasdaq, QuoteMedia, Stooq, Tiingo, TwelveData, MetaTrader, Norgate Data, CryptoCompare, and more * '''Indicator libraries:''' TASC Magazine Indicators, Ichimoku Cloud, Advanced Smoothers, Community Library, Power Pack Indicators (and Position Sizers) * '''Power Pack Visualizers:''' Analysis Series, Contribution, Metacorrelation, Streaks, Position Metrics * Candlestick Genetic Evolver, Candlestick Pattern detection * '''Optimizers:''' Genetic Optimizer, Particle Swarm Optimizer * '''Analysis Tools:''' Neuro-Lab, Monte Carlo-Lab, Indicator Profiler, and others by finantic
==References== {{reflist}}
==External links== * {{official website|http://www.Wealth-Lab.com}}
{{Fidelity Investments}} {{Online brokerages}}
Category:Technical analysis software Category:Online brokerages Category:Electronic trading platforms Category:Financial software Category:Windows-only software Category:Proprietary software Category:Software companies established in 2000