Wealth Lab

Wealth Lab is a technical analysis and electronic trading platform previously owned by Fidelity Investments. The original software was developed by Dion Kurczek and released in 2000.[1] The software was acquired by Fidelity Investments in 2004 and released to its customers as "Wealth Lab Pro".[2] Fidelity discontinued Wealth Lab Pro in July 2020. Shortly afterwards, the original Wealth Lab team rewrote the codebase and independently released version 7. 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 with added versatility derived from using its own Pascal-like programming language, WealthScript.[3][4] Although geared toward programmers, the platform includes an optional drag & drop interface.[5][6]

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.[6][7] 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.[5][6]

Wealth-Lab includes exhaustive and Monte Carlo optimization methods, and along with the ability to install additional methods via an extension manager.[8][5][6] Independent developers can create and share extensions; however, an monthly subscription cost is required to run the software on hosted servers.[9]

Client availability

Wealth-Lab 8 is available by subscription to customers in multiple countries, including the United States and Canada.[10]

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. In March 2021, Wealth-Lab 7 was launched worldwide.[11]

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.[12] Supplemental programming help for creating strategies or extensions is also available at cost by submitting a Concierge support request.[13]

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.[14]

  • 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

  1. ^ "Fidelity invests in Wealth-Lab Developer software". Finextra Research. 2004-06-23. Retrieved 2025-12-05.
  2. ^ Finextra (23 June 2004). "Fidelity invests in Wealth-Lab Developer software".
  3. ^ "WealthScript is a class library of charting and trading functions" (PDF).
  4. ^ Altucher, James (2004), Trade Like a Hedge Fund, 20 Successful Uncorrelated Strategies & Techniques to Winning Profits, John Wiley & Sons, p. Xii, ISBN 0-471-48485-7
  5. ^ a b c Keener, Rob (1 December 2005), "Wealth-Lab Pro (Software Review)", Futures (Cedar Falls, Iowa) (Futures Magazine Group), pp. 58–59
  6. ^ a b c d Peterson, Dennis. "Wealth-Lab Pro", Stocks & Commodities (June 2012), Vol:30:6, p.56-59
  7. ^ Carter, John (2007), SFO Personal Investor Series, Online Trading, Wasendorf & Associates, Inc., p. 191, ISBN 978-1-934354-00-1
  8. ^ Katsanos, Markos (2008), Intermarket Trading Strategies, (Chapter 10, Trading System Design, Optimization Methods), John Wiley & Sons, Inc., ISBN 978-0-470-75810-6
  9. ^ "Subscription Plans for Wealth-Lab 8 - WealthLab". www.wealth-lab.com. Archived from the original on 2025-08-17. Retrieved 2025-12-05.
  10. ^ Dave (2021-12-12). "Wealth-Lab Review - Can It Optimize Your Trading Strategy?". Day Trade Review. Retrieved 2026-03-16.
  11. ^ "Wealth-Lab Launches v7 with a New Engine".
  12. ^ Altucher, James (2004), Trade Like a Hedge Fund, 20 Successful Uncorrelated Strategies & Techniques to Winning Profits, John Wiley & Sons, Inc., p. Xii, ISBN 0-471-48485-7
  13. ^ "WealthLab Concierge Support Services - WealthLab".
  14. ^ Dave (2021-12-12). "Wealth-Lab Review - Can It Optimize Your Trading Strategy?". Day Trade Review. Retrieved 2026-03-16.
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