Stream external, live, or alternative data directly into Wealth-Lab without pre-formatting CSV files.
WealthLab extensions transform the platform from a static analysis tool into a dynamic, customizable trading operating system. By leveraging Data Extensions for accuracy, Brokerage Extensions for automation, and Indicator Libraries for depth of analysis, traders can build a highly tailored algorithmic trading environment. For the serious algorithmic trader, mastering the installation and management of these extensions is a prerequisite for professional-grade system development.
| Feature | Standard C# Script | Custom Extension | | :--- | :--- | :--- | | | Per-strategy | Across all strategies & workspaces | | Performance | Interpreted (slower loops) | Compiled (native speed) | | External APIs | Limited/Complex | Native HTTP, gRPC, WebSockets | | Obscuration | Source code visible | Proprietary logic hidden | | Data Access | In-memory bars only | Real-time + historical | wealth lab extensions
WealthLab has a vast library of standard indicators (RSI, MACD, Moving Averages). However, proprietary traders often require obscure or custom calculations.
WealthLab is unique in that its primary scripting language is C# (.NET). Stream external, live, or alternative data directly into
// Constructor logic
Compile this to a DLL, drop it into the Wealth-Lab Extensions folder, and VolumeSurge appears in your indicator library instantly. WealthLab is unique in that its primary scripting
While extensions are powerful, they introduce complexity.
Standard free data often suffers from "survivorship bias" (ignoring delisted stocks) and lacks corporate action adjustments (splits/dividends). Data extensions (like Norgate or Tiingo) correct these issues, ensuring that a backtest is mathematically realistic.
Wealth-Lab Extensions: Powering Professional Algorithmic Trading