AmiBroker vs TradingView 2023
As an investor or trader, selecting the right trading platform can be crucial in maximizing your profits and executing your strategies effectively. With numerous options available in the market, it can be challenging to decide which platform to use. Among the popular platforms, AmiBroker and TradingView stand out with their unique features and benefits. In this context, understanding the differences between these platforms can help you make an informed decision based on your specific needs and goals.
|AmiBroker is Better For:||TradingView is Better For:|
|Advanced Backtesting||Social Trading|
|Customizable Charting Tools||User-Generated Content|
|Integration with Data Vendors||Global Financial Data|
In this AmiBroker vs TradingView review, we’ll compare the two platforms across three factors to help you decide which one is best suited for your trading needs.
|Service Type||Customizable Charting Tools and Advanced Backtesting||Global Financial Data and User-Generated Content with Social Trading|
|Fees||Free 30-day trial, Standard Version $279, Professional Version $339||Free with Premium subscription starting at $59.95/mo|
|Customer Support||Email Support, User Forum||Email and Live Chat Support, Learning Resources|
|Best Use||Technical Analysts Seeking Advanced Backtesting and Custom Charting Tools||Traders Seeking User-Generated Content and Social Trading|
|Modest Money Overall Rating|
Factor 1: Analysis Tools
AmiBroker: Customizable Coding and Backtesting
- TradingView: Powerful Technical Analysis Tools
- AmiBroker: In-built AFL Editor
- TradingView: Customizable Charts and Indicators
AmiBroker is a Windows-based desktop platform known for its backtesting and optimization capabilities. The platform’s primary focus is on creating custom indicators and trading strategies using AmiBroker Formula Language (AFL). It features an in-built AFL editor, which allows users to develop custom formulas and test them on historical data.
AmiBroker’s backtesting capabilities make it an ideal choice for traders and investors who want to test and refine their strategies before implementing them in the market.
TradingView, on the other hand, is a web-based platform that excels in technical analysis. It offers a wide range of customizable charts, technical indicators, and drawing tools, catering to various trading styles.
TradingView also supports custom scripting using its Pine Script language, enabling users to create their own indicators and strategies. The platform’s emphasis on technical analysis makes it an excellent choice for traders who rely on charting tools and indicators to make informed decisions.
Factor 2: Platform Interface and Ease of Use
AmiBroker: Windows-based Desktop Platform
- TradingView: Web-based Platform and Mobile App
- AmiBroker: Customizable Workspace
- TradingView: User-friendly Interface
AmiBroker is a desktop platform designed specifically for Windows users. The platform features a customizable workspace, enabling users to tailor their environment to their preferences. However, as a desktop application, AmiBroker lacks the flexibility and accessibility of web-based platforms like TradingView.
TradingView’s web-based platform and mobile app provide users with the flexibility to access the markets from anywhere. Its user-friendly interface makes it easy for traders to navigate, while the customizable workspace allows for a personalized trading environment.
TradingView’s multi-platform accessibility and user-friendly design make it an attractive option for traders who value ease of use and flexibility.
Factor 3: Pricing and Subscription
AmiBroker: One-time License Fee
- TradingView: Freemium Model
- AmiBroker: Optional Data Feed Subscription
- TradingView: Multiple Subscription Tiers
AmiBroker requires a one-time license fee, which includes future software updates. The platform also offers optional data feed subscriptions for users who require real-time market data.
While AmiBroker’s one-time fee structure may appeal to some users, the lack of tiered pricing options limits the platform’s flexibility.
TradingView follows a freemium model, providing a free version with limited features alongside multiple subscription tiers – Pro, Pro+, and Premium. Each tier offers additional features, such as more indicators, alerts, and enhanced customer support.
The tiered pricing structure allows traders to choose a plan that best meets their needs and budget, making TradingView a more flexible option.
AmiBroker vs TradingView: Our Summary
AmiBroker and TradingView are popular trading platforms, each catering to different needs and preferences among traders and investors.
AmiBroker is ideal for those who prioritize backtesting and optimization capabilities, customizable coding, and a Windows-based desktop platform. Its one-time license fee structure may be attractive to some users, but the lack of tiered pricing options can limit its appeal.
TradingView, on the other hand, offers powerful technical analysis tools, customizable charts, and a user-friendly web-based platform with multi-platform accessibility. Its community interaction features add a social element that can benefit traders seeking ideas and insights from others.
TradingView’s tiered pricing structure allows users to choose a subscription plan that best suits their needs and budget. Given its versatility, user-friendly interface, and pricing flexibility, TradingView emerges as the more favorable option for most traders.
You can open a TradingView account by clicking here.
When choosing between AmiBroker and TradingView, consider your trading style, priorities, and budget. While AmiBroker offers strong backtesting and optimization features, TradingView’s emphasis on technical analysis, ease of use, and flexible pricing make it the slightly better choice for most traders.