# Wealth Lab > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/Wealth_Lab > Markdown URL: https://mediated.wiki/source/Wealth_Lab.md > Source: https://en.wikipedia.org/wiki/Wealth_Lab > Source revision: 1357182066 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{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](/source/electronic_trading_platform) originally developed by Dion Kurczek and released in 2000.{{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}} The software was acquired by [Fidelity Investments](/source/Fidelity_Investments) in 2004 and made available as Wealth-Lab Pro for Fidelity customers (discontinued in August 2021).{{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}} As a trading platform, users can develop and deploy automatic [trading strategies](/source/trading_strategies) for various [financial markets](/source/Financial_market), including [equities](/source/equities), futures, [forex](/source/Foreign_exchange_market), [options](/source/Option_(finance)), and [cryptocurrencies](/source/Cryptocurrency). ==Overview== Wealth-Lab (sometimes stylized ''WealthLab'') employs an integrated [programming environment](/source/programming_environment) based on [C#](/source/C_Sharp_(programming_language)) syntax which includes a [proprietary scripting language](/source/proprietary_scripting_language), WealthScript.{{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}} {{Citation | last1 = Altucher | first1 = James | title = Trade Like a Hedge Fund | publisher = [John Wiley & Sons](/source/John_Wiley_%26_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/ }} Although geared towards programmers, the platform includes an optional [drag & drop](/source/drag_and_drop) interface.{{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 }}Peterson, Dennis. "Wealth-Lab Pro", Stocks & Commodities (June 2012), Vol:30:6, p.56-59 In its standard installation, several market data sources are provided, such as [Yahoo! Finance](/source/Yahoo!_Finance)'s free [End Of Day](/source/End_Of_Day) data. Users can also lease real-time market data from external sources, such as Commodity System Inc.{{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 }} In addition to typical market data formats such as [candlesticks](/source/Candlestick_chart), lines, and [OHLC](/source/OHLC), Wealth-Lab also supports some less common formats such as [kagi chart](/source/kagi_chart), Renko, and equicandle. The software also gives access to standard [technical analysis](/source/technical_analysis) indicators and [fundamental analysis](/source/fundamental_analysis) indicators. Wealth-Lab includes [exhaustive](/source/Brute-force_search) and [Monte Carlo](/source/Monte_Carlo_method) optimization methods and supports additional methods through an extension manager.{{Citation | last1 = Katsanos | first1 = Markos | title = Intermarket Trading Strategies | publisher = [John Wiley & Sons, Inc.](/source/John_Wiley_%26_Sons%2C_Inc.) | series = (Chapter 10, Trading System Design, Optimization Methods) | year = 2008 | isbn = 978-0-470-75810-6 }} Independent developers can create and share extensions; however, a monthly subscription cost is required to run the software on hosted servers.{{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}} === Client availability === Wealth-Lab 8 is available by subscription to customers in multiple countries, including the [United States](/source/United_States) and Canada.{{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}}{{Primary source inline|date=November 2025}} Prior to August 2020, two legacy versions of Wealth-Lab existed. Wealth-Lab "Pro" was available to [Fidelity](/source/Fidelity) premium account holders in the US only. Consumers outside of the US and [Canada](/source/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](/source/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.{{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}} === 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.{{Citation | last1 = Altucher | first1 = James | title = Trade Like a Hedge Fund | publisher = [John Wiley & Sons, Inc.](/source/John_Wiley_%26_Sons%2C_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/ }} Supplemental programming help for creating strategies or extensions is also available at cost by submitting a Concierge support request.{{Cite web|url=https://www.wealth-lab.com/Support/Concierge|title = WealthLab Concierge Support Services - WealthLab}}{{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](/source/Business_model_canvas), and more.{{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}} * '''Brokers/Data:''' Interactive Brokers, Tradier, Alpaca, and multiple via Medved Trader * '''Crypto brokers/Data:''' [Binance](/source/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 --- Adapted from the Wikipedia article [Wealth Lab](https://en.wikipedia.org/wiki/Wealth_Lab) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Wealth_Lab?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.