TradingView is one of the more talked about charting platforms for technical analysis and research for novice investors, trading beginners and active traders. It works as a web-based version on any device and comes in addition to a separate app for iOS and Android.
The biggest problem with deciding on what platform to use is that there is a lot of competition out there among charting platform providers.
A good charting platform will be intuitive and easy to use. It will be clean, it will be fast, it will be reliable, and it will be powerful. A great charting platform will be all of that and more – which TradingView’s social networking component has checked an extra box with.
The TradingView homepage is clean, fuss free and minimalistic. A modern layout makes the interface look sleek and professional, which immediately strips away any insecurity you may have about using it. Colours are easy on the eyes, and the navigation seemed intuitive enough, even for someone who's not exactly a tech wizard.
Signing up for TradingView was a breeze. All you need to do is provide some basic information like your email address, create a username and password. No long forms or complicated verifications, which was a relief. The whole process took just a couple of minutes, and its straightforwardness is another huge plus point.
Trading view offers a total of 7 plan options, including both the free version and 3 professional options.
If you upgrade to a paid TradingView plan, you’ll get access to a slew of additional features depending on which tier you choose. One way TradingView differentiates between plans is by imposing limitations, so here’s how they break down.
Essential Plan
The TradingView Essential Plan is the lowest tier paid plan. You’ll get access to the features above with some limitations:
You’ll also see no ads and get access to these TradingView features that aren’t accessible with the Basic Plan:
Plus Plan
The TradingView Plus Plan is the mid-tier paid option. You’ll get access to all features included with the Essential Plan, plus:
The limitations change as follows:
Premium Plan
The TradingView Premium Plan comes with all of the features of the Plus Plan, in addition to:
The limitations offer the most flexibility for a non-professional plan:
TradingView offers an impressive array of charting options, from basic line graphs to more advanced candlestick charts. Users can test trading strategies by simulating real trading on TradingView’s charts. They are enabled to use Pine Script, a programming language created by TradingView that is used for writing indicators and strategies that can be added to their charts.
TradingView has a good reputation on the market due to its technical features. It is mostly known for its advanced charting options. This tool provides more than 15 divergent charts, along with customised spreads and command search.
As for conducting a technical analysis, TradingView brings to the table many pre-built studies and more than 90 intelligent drawing tools. It also includes a set of tools for conducting an in-depth market analysis.
Another feature that stands out was the social aspect of the platform. TradingView has a built-in community where users can share ideas, strategies, and analysis. Browse through some of the posts and you’ll notice the level of expertise and insight that some of the members have. It definitely felt like a valuable resource for learning and connecting with other traders.
For stock traders and crypto traders there is the Volume Profile indicator which is exceptionally helpful for reading supply & demand zones in markets.
For forex traders there are a dozen different types of candlestick charts and literally thousands of indicators for analysing price action.
Day traders, swing traders and end-of-day traders will all find something of value in TradingView. The developers really go above and beyond to try to cater to all types of traders and it shows in the bottom-line quality of their platform.
Pros
Cons
Like many stock screeners, TradingView has a free mobile app to allow for easy access when you’re not at the computer.
As you’d probably expect, the home screen is a simplified version of what you’ll find on the website. Once you’ve added stocks to your watchlist, they’ll be the first thing you see on mobile.
You can view multiple charts (and expand them) the same way you can with the web version. You’ll need to scroll horizontally if you want to expand the data. Charts will auto-rotate to allow for a better view.
The design and interface are clean. That said, the app offers only a fraction of the features you can get with the full browser experience.
Our takeaway is that the app works but its only real use is to get a quick market update or view your watchlist. It’s not what you need if you’re looking for in-depth research or access to TradingView’s most robust features.