TradingView has become an essential charting and trading platform for millions of active traders and investors around the world. This detailed TradingView review examines the key features, benefits, pricing plans, and overall value this powerful yet easy-to-use tool provides.
Introduction
TradingView is a feature-rich online charting and trading platform designed for casual chartists, seasoned active traders, and investors. With over 30 million monthly users, it has quickly become one of the most popular trading tools available.
TradingView offers an extensive range of technical analysis options, alert triggering, trade automation, custom indicators, and social networking with its free community. The platform is web-based with apps available, providing users the flexibility to analyze markets anywhere, anytime.
This in-depth TradingView review covers everything you need to know, from features and functionality to pricing and overall value. Read on to find out why every trader and investor needs TradingView in their toolbox.
Key Benefits of Using TradingView
Powerful Charting & Analysis Tools
The charting capabilities on TradingView are exceptionally powerful yet easy to use. Traders can choose from an extensive range of advanced technical indicators and drawing tools to visualize market data.
In addition to all the expected technical indicators, oscillators, and overlays, TradingView has built-in tools for Elliott Wave analysis, pitchforks, Gann Fans, Fib spirals, and more. Traders can also easily build and backtest strategies visually.
Real-Time Data & News
TradingView provides live market data across stocks, futures, forex, and cryptocurrencies. Streaming quotes are available across all major asset classes.
The platform also aggregates relevant news and events into a single news feed synchronized to the charts. This allows traders to correlate news events to price action as it happens.
Trade Execution & Automation
TradingView facilitates trade execution by integrating with leading brokers. Once connected, traders can execute orders directly from the charts on desktop and mobile apps.
The platform also supports trade automation through pine-script, TradingView’s proprietary coding language. Traders can build, test, and automate strategies that trigger orders automatically.
Robust Community & Social Tools
TradingView fosters an engaged community of millions of traders. Users can share and discuss ideas on charts, follow other traders, and show profitable trades publicly or privately.
The social networking provides an enriched experience, allowing users to learn from each other in real-time.
Cross Platform Flexibility
As a web-based platform, TradingView can be accessed from any modern browser on desktop or laptop. Native mobile apps are available for iOS and Android devices, allowing users to analyze markets on the go.
Data and customized settings are synced across platforms, enabling seamless transition from desktop to mobile and vice versa.
Comprehensive Feature Overview
TradingView packs an extensive feature set into an interface that most traders can grasp quickly. Let’s explore the key components and tools available.
Technical Analysis
- Chart types – Candlestick, line, bars, Heiken Ashi, Area, Baseline, hollow candlesticks, Kagi, Line Break, PnF, Renko, Dot charts.
- Drawing tools – Trend lines, channels, arrows, shapes, pitchfork, Elliott waves, Fib retracements, Gann Fans, Fib spirals, and more.
- Indicators – 100+ indicators including all major types – momentum, volume, volatility, Bill Williams’ indicators and more.
- Oscillators – MACD, RSI, Stochastics, CCI, ATR, OBV, Accumulation/Distribution Line, Chaikin Money Flow, Force Index, and more.
- Overlays – Moving averages, Bollinger Bands, Parabolic SAR, Keltner Channels, Donchian Channels, Standard Deviation, Average True Range bands, and more.
- Multiple timeframe analysis – Easily plot indicators, drawings, and strategies across intraday, daily, weekly or monthly timeframes on a single chart.
- Alerts – Price, indicator, news, economic calendar, and strategy automation alerts across timeframes. Alerts can be sent via web, email, mobile push, SMS, and Telegram bot.
- Strategy Tester – Build, optimize, backtest and automate trading strategies visually from the chart using pine-script. Historical and real-time testing supported.
Market Data & News
- Charting data – Real-time and historical chart data across stocks, futures, forex, CFDs, cryptocurrencies, indices, bonds, ETFs, and economic indicators.
- Watchlists – Create unlimited customizable watchlists to track specific assets and sectors. Syncs across desktop and mobile.
- News feed – Curated news directly on the charts with source tagging and sentiment analysis. Filter by relevance and assets of interest.
- Economic calendar – Live updating calendar of high impact events filtered by importance and currency. Event markers show direct price impact.
- Earnings calendar – Upcoming earnings release dates for stocks organized by day and sector for earnings season.
- Price alerts & notifications – Flexible price, indicator and time-based alerts across assets and timeframes. Receive alerts on desktop, web, email, push notifications and SMS.
Trading Capabilities
- Paper trading – Practice trading in a risk-free environment using simulated money, helping refine skills.
- Trade execution – One-click trade execution for stocks, futures, forex, options, and crypto via supported broker API connections.
- Strategy automation – Utilize pine-script to code, backtest, and automate custom indicators and trading strategies on chart.
- Position sizing – Built-in position size calculators based on risk for optimizing trades.
- Orders – Analyze active orders directly on the charts – entry price, sizing, stops, targets, and performance.
Social Community
- Chat rooms – Join trader chat rooms and channels via Discord integration to exchange ideas.
- Follow traders – Follow profitable expert traders and copy their winning trades in one click or get alerted when they enter trades.
- Public profiles – Public trading journal helps build reputation and find mentors. Share trades and strategies or keep private.
- Ideas stream – Scans tens of thousands of charts and strategies posted by the community to get trade ideas.
- Pine Script discussions – Engage with expert coders in the Pine Script community forum to learn automation and improve strategies.
TradingView Platform Options & Pricing
TradingView offers a free account with full access to the charting, data, and community aspects of the platform. For active traders, upgrading to a paid plan unlocks trading capabilities, faster data, and enhanced features.
Let’s compare the pricing tiers:
Free Account
- Full access to charting tools & features
- Real-time data for stocks & futures
- 1 server connection
- 3 indicators per chart
- 1 alert
- Community access
- Technical support
Best for – Beginner chartists and investors
Pro Account – $9.95/month
- Everything in Free plan
- Faster streaming data
- More server connections
- Unlimited indicators
- 50 alerts
- 1 paper trading account
- Priority support
Best for – Active traders scanning & analyzing markets
Pro+ Account – $19.95/month
- Everything in Pro plan
- Live Trading via broker API
- Additional server connections
- Unlimited alerts
- 5 paper trading accounts
- Trading automation via pine-script
- Expert community access
Best for – Intermediate traders automating strategies
Premium Account – $59.95/month
- Everything in Pro+ plan
- Faster data delivery
- Charting depth up to 25 years
- Public profile & reputation building
- Copy trading tools
- Additional paper trading accounts
- Dark theme chart
- Expert community badge
Best for – Advanced traders, hedge funds, professionals
Discounted annual and biennial billing cycles are available for all paid plans, reducing the effective monthly cost. TradingView also offers custom enterprise plans and API access for businesses.
The platform can be accessed for free without creating an account, but registering allows saving custom settings, chart templates, indicators, and strategies.
Pros and Cons
Pros
- Intuitive visual interface with extensive charting capabilities
- Feature-rich platform integrating charts, data, news, scanning, trading, automation, and social tools
- Massive community of engaged traders with content, education, and trade ideas
- Syncs settings, drawings, templates, scripts across devices
- Real-time data and news to correlate trading opportunities
- Pine script for automating strategies via coding
- Paper trading and trade execution connectivity
- Expert technical support and community knowledge base
Cons
- Limited historical data on free plan
- Less assets covered compared to some platforms
- Broker API integration only on Pro+ and higher plans
- Advanced features have learning curve for coding and automation
- Active trader community can be distracting for disciplined process
FAQs
Is TradingView free?
Yes, TradingView offers a full-access free account with all the charting features, a massive community, and real-time data for stocks and futures. Paid plans start from $9.95/month for faster data, unlimited alerts, indicators, automation, and trading capabilities.
What can you do with TradingView?
Key features include advanced charting and technical analysis, backtesting trading strategies, paper trading, trade automation via coding, pattern recognition, screening, position sizing, news and economic calendars, social community, and live trade execution through broker API integrations.
Is TradingView accurate?
TradingView uses exchange data and direct feeds from major liquidity providers to deliver fast, accurate, real-time market data. Speed and accuracy do vary based on the asset class and country. Upgrading to paid plans provides lower latency and increased precision across assets.
Is TradingView good for day trading?
Yes, TradingView has extensive tools for short term traders. Features include multiple timeframes, advanced indicators optimized for intraday data, news/earnings calendars, pattern scanner, alert triggering, strategy automation, and trading through API. The platform is lightweight, customizable, and syncs across devices.
Is TradingView good for swing trading?
TradingView is equally powerful for swing traders. It excels at visual pattern analysis with advanced drawing tools and indicators optimized for daily, weekly and monthly timeframes. Alerts and scanners help spot emerging opportunities while social tools provide vetted swing trade ideas from experts.
Is there a TradingView app?
Yes, TradingView offers iOS and Android mobile apps that sync all data, settings, charts, and alerts from the desktop platform. This provides seamless access for analysis and trading from anywhere via smartphone or tablet.
The app provides full functionality although screen space is more limited compared to desktop. The mobile experience is straightforward and robust.
Can you trade on TradingView?
Live trading is available by connecting TradingView to a broker via API. Over 50 major brokers are supported including IG, Oanda, FXCM, AMP, SwissQuote, Pepperstone, EightCap, IC Markets, etc. Once connected, trades can be executed from the charts in one click.
Is TradingView worth paying for?
For active traders making regular analyses or executing trades, the paid plans unlock considerable value – faster data, more alerts and server connections, unlimited indicators, trading through API, automation capabilities, copy trading tools, dark theme, and additional educational resources.
Casual investors may find the free plan sufficient for charting and community access. The paid tiers provide the speed and features needed for effective trading.
The Verdict?
TradingView earns its reputation as one of the most powerful yet user-friendly charting and trading platforms available today. The combination of analysis tools, real-time data, trade execution, automation, and social networking in one interface provides remarkable utility.
For traders of any skill level, TradingView can enhance performance and consistency through visual backtesting, pattern recognition, alerts, risk management, and trading psychology. The platform flexibly grows with a trader’s progression via exceptional free resources to premium pro capabilities.
In summary, TradingView is highly recommended for all active traders and technical investors seeking an institutional-grade software platform accessible for individual use. The free access makes it easy to explore the extensive capabilities and join a vibrant community of millions.
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