TradingView Review – A Thorough Look At This Platform

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By Theo Madsen

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TradingView Review

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TradingView Review

  • Quality
  • Ease of Use
  • Value
  • Analysis Tools
5

Summary

TradingView is a charting and analysis platform designed for traders and investors. It includes a large variety of features such as customizable charts, a script editor, a range of indicators, and more. TrafingView also offers highly customizable alerts as well as a comprehensive stock screener. Learn more about this charting and analysis platform by reading our full TradingView review.

Pros

  • Free account offers access to most charting features
  • Supports stocks, forex, crypto, and futures
  • Excellent and highly customizable charting tools
  • Built-in script editor for building custom strategies
  • Social network featuring ideas and indicators from other traders

Cons

  • Limited selection of compatible brokerages
  • Cannot screen stocks using custom indicators

About TradingView

TradingView is one of the best charting and technical analysis platforms available for traders and investors today. The platform offers a huge range of features, including ultra-customizable charts, a script editor for creating custom indicators, and support for indicators on indicators. TradingView also adds a social element to trading by enabling other users to share ideas and indicators.

In our TradingView review, we’ll cover everything you need to know about this trading platform to decide if it’s right for you.

TradingView Homepage

TradingView Pricing Options

TradingView offers 4 pricing options: Basic, Pro, Pro+, and Premium.

The Basic plan is free and offers one chart per window, three indicators per chart, one active alert, and seven years of historical financial data.

TradingView Pricing

The TradingView Pro plan costs $14.95 per month or $155 per year. It enables five indicators per chart, intraday bar replay, up to 20 active alerts, and 20 years of historical data.

The Pro+ plan costs $29.95 per month or $299 per year. It adds specialized intraday chart formats, chart data exports, 100 active alerts, and up to four charts per window.

The TradingView Premium plan costs $59.95 per month or $599 per year. It offers up to 25 indicators per chart, unlimited saved layouts, 400 alerts, and second-based price intervals.

All TradingView plans also include paper trading accounts. You can try out any paid plan on TradingView free for 30 days.

TradingView Features

Markets

TradingView offers market data for stocks, forex, cryptocurrencies, commodity futures, and indices. It also breaks down stock data by country. TradingView recently added “sparks,” which are pre-made watchlists focused on trends like AI, crypto, 5G, and more.

TradingView Sparks

Charting

At its heart, TradingView is a charting platform built with the needs of experienced traders in mind. To start, TradingView offers an extremely wide range of chart formats. You can choose from candlestick, bar, line, area, Heikin-Ashi, Renko, Kagi, point and figure, and range charts. Chart intervals are available ranging from one second to one month, and paid users have the option to create custom time intervals. You’ll also find drawing tools for Fibonacci retracements, Elliot wave analysis, and trendline analysis.

TradingView Charts

You can have multiple charts in a single window or plot multiple symbols on a single chart. TradingView also lets you plot financial data for stocks alongside price data and technical indicators. You can chart any data from a company’s income statement, cash flow statement, or balance sheet, as well as financial ratios.

TradingView also supports bar replay, which lets you see how a price setup developed and evolved. This is especially useful for day traders who want to be able to recognize a specific setup as it’s forming.

Technical Analysis

Perhaps the best thing about TradingView is the range of indicators the platform offers. TradingView comes packed with more than 75 popular technical studies. If you want more options, you can choose from hundreds of community-contributed indicators. Or you can use TradingView’s built-in pine script editor to build your own custom technical indicators.

TradingView Indicators

In addition, TradingView offers pre-made scripts that help you annotate your charts for specific trading strategies. For example, you can select a script that plots Bollinger Bands and displays arrows anytime an upper or lower band is broken. TradingView also has scripts to annotate 15 common candlestick patterns. You can also use the pine editor to create your own scripts.

Finally, TradingView supports indicators on indicators. This is a solid tool to use if you want to take a moving average of RSI to smooth it out, for example, or to analyze trading volume patterns in more detail.

Alerts

TradingView offers highly customizable alerts that can be based on price or percent gain/loss, a specific indicator, or a specific trading strategy defined by a script. Indicator alerts are useful because you can specify that an alert should be issued when an asset’s price crosses above or below the indicator. You can also draw trendlines or channels on your charts and base alerts on those. In that case, TradingView can issue an alert when an asset enters or exits a channel.

TradingView Alerts

Screeners

TradingView offers a comprehensive stock screener as well as similar screeners for forex and crypto. The stock screener includes hundreds of fundamental and technical filters, all of which are searchable to speed up the screen-building process. Notably, though, you can’t use your own custom indicators or scripts as filters when building screens.

TradingView Stock Screener

Screener results are displayed in a table and can be updated in real-time every 10 seconds. You can customize the table columns and sort by any column, as well as export the data to Excel.  

TradingView offers more than a dozen built-in screens, although most are basic screens designed to help you find the biggest gainers and losers or stocks with upcoming earnings reports. Of course, you can save any of your own screens for re-use later.

TradingView Community

TradingView is as much a social network for traders as it is a powerful technical analysis platform. Anyone on the platform can submit trade ideas, custom scripts, or screenshots of their own chart analysis for discussion. Lists of editors’ picks across these topics make it easier to find the most useful scripts or interesting conversations. In addition, TradingView has chat rooms centered around macroeconomics, risk management, and fundamental analysis.

TradingView Community

TradingView Compatible Brokerages

TradingView is compatible with several multi-asset brokerages that enable live and simulated trading directly from your TradingView account. Compatible brokerages include TradeStation, Tradovate, OANDA, and Forex.com. TradingView is also compatible with crypto exchanges Gemini and Bitstamp.

Platform Differentiators

TradingView stands out as one of the best technical analysis platforms available right now. The service is unmatched when it comes to the flexibility and ease of use of its charting software. In addition to having a huge range of built-in technical indicators and strategies, you can quickly and easily build your own indicators or apply indicators contributed by the TradingView community.

On top of that, TradingView offers several advanced features that you won’t find from most other charting platforms. You can plot indicators on indicators, replay intraday bars, and chart a wide range of financial data alongside technical studies. You can also view intraday Renko, Kagi, and range charts, which offer a unique look at price data and momentum.

In addition, it’s noteworthy that TradingView isn’t limited to just stock analysis. Many of the same tools that are available for stocks are available for forex and cryptocurrencies, including dedicated screeners.

It would be nice to see TradingView add compatibility for day trading from charts with a wider variety of brokerages. However, TradingView does support a fair number of stock, forex, and crypto brokers, so this won’t be an issue if you’re willing to open a new account with a supported platform.

What Type of Trader is TradingView Best For?

TradingView is suitable for a very wide range of traders. It’s easy enough to use that any beginner chartist could get started on TradingView in minutes. At the same time, the platform offers so many customization options – including a capable script editor – that experienced traders are likely to find all the trading tools they need.

TradingView’s tools are just as useful for day trading as they are for swing trading and active investing. Meanwhile, the fact that you can chart and screen stocks based on financial and economic data makes TradingView appealing even for long-term value and growth investors.

TradingView isn’t cheap, but it’s competitively priced relative to other trading platforms. The majority of traders will get everything they need from the inexpensive Plus plan.

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Theo Madsen

Theo has been actively trading the forex markets since 2013. Over the past five years, he has gained experience trading currencies, stocks, options, and futures. Theo's trading experience led him to test out over one hundred different trading services and he shares his insights in reviews to help other traders.

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