StockCharts vs TradingView 2023
If you’re looking for a way to take your day trading to the next level, charting software is a must-have. With access to charts, you can mull over data, formulate new trade ideas, identify areas of weakness in your current trading strategy, and even identify opportunities before they happen.
High-quality charting services offer the experienced trader numerous invaluable resources, such as access to real-time data, the ability to use technical indicators, and various stock screeners to choose from. Trouble is, not all charting services are up to the challenge!
In this StockCharts vs TradingView comparison article, we’ll be taking a look at these two popular platforms to see which one offers traders a superior experience. Read on to find out the winner!
|StockCharts is Better for:||TradingView is Better for:|
|Flat-rate options trading||Forex|
|Low pricing||Custom scripting|
|Trading on Tradier Brokerage||Broker integration|
Modern charts are much more than just “charts”: they’re filled with technical indicators, equipped with drawing tools, and offered in multiple chart types to ensure that traders can easily view the information they’re looking for.
While both of these platforms offer a lot of the same features (such as intraday charts & access to real time data), there are also many differences between the two. Ultimately, it’s these tiny differences that separate a good charting platform from a great one.
|Free Features||Charting tools, three technical indicators per chart, three technical overlays per chart||Stock chart, limited access to indicators, custom scripts, “smart drawing” tools, broker integration, simulated trading, trading|
|Paid Features||Ad-free experience, real-time data, advanced charting features, auto-refresh, chart lists, scans, price alerts, historical data||Indicators, multiple charts, alerts, watchlists, data exporting, custom layouts, community access|
|Subscription Fees||$0 - $39.95/month||$0 - $59.95/month|
|Securities Analyzed||Stocks, crypto, indexes, currencies, commodities||Stocks, futures, Forex, indices, mutual funds, crypto, CFDs|
|Investing Approach||Technical analysis||Technical analysis|
|Best Use||Trading with Tradier Brokerage||Trading on supported brokerages|
|Modest Money Overall Rating|
Factor 1: Free Features
Generally speaking, the best features of any market research platform are sold as premium services. Still, that doesn’t mean there aren’t some useful features offered for free!
From educational resources to helpful tools, these free features will help you take advantage of new trading opportunities in your day-to-day trading activity. Let’s see what each platform brings to the table with these basic plans.
Tradingview has better free features
- TradingView offers scanning & screening for free
- StockCharts allows many charts to be viewed for free
- TradingView free even includes candlestick chart recognition
The free version of StockCharts has a lot of information to offer, but it doesn’t include many features. Mainly, you’ll have access to a plethora of various charts (such as “SharpCharts” and “Seasonality”), StockCharts TV, some articles, and ChartSchool.
You can use this version without even creating an account. However, the website will continually encourage you to sign up.
Like StockCharts, TradingView saves most of its top-tier features for its paid plans. However, free users can enjoy a few different functions. Basic forms of screening, scanning, and backtesting are offered for free, as well as the ability to create watchlists & real-time stock alerts.
Free members can even use the mobile app, partake in paper trading, trade through one of the 43 supported brokerages, and use TradingView’s native programming language—”Pine”—to create custom indicators.
Factor 2: Paid Features
Paying for one of the subscription plans offered will instantly unlock a variety of premium features. The capabilities between the two platforms are quite different, so let’s compare!
TradingView is the more capable platform
- TradingView supports 41 different brokers
- StockCharts allows trades via Tradier Brokerage
- Both offer multiple subscription plans
Switching to a paid StockCharts account instantly unlocks customizability on a number of different features on the website (such as RRG charts and CandleGlance Styles).
It also—among other things—allows traders to make trades directly from the platform, use auto-refresh, create chart lists, run scans, set price alerts, and use up to 25 indicators per technical chart!
The first major difference you’ll notice with a TradingView subscription is the lack of ads. However, you’ll also instantly gain access to more advanced charts & charting features, TradingView’s online active community of traders, volume profile indicators, auto-refresh (screeners), and customer support.
A paid subscription to TradingView is perfect if you’re the active type of trader who needs stock scans, fundamental analysis tools, and in-app trading on a single platform.
Factor 3: Subscription Costs
Now that you know about the various features offered by the two platforms, let’s find out how much you’ll need to pay for the privilege!
StockCharts is More Affordable
- StockCharts’ top plan costs less than $40/month
- TradingView’s top plan costs almost $60/month
- Both platforms offer basic data for free
Aside from the free plan, StocksCharts has three paid plans: “Basic” ($14.95/month), “Extra” ($24.95/month), and “Pro” ($39.95/month).
Members can pay for these plans on a monthly or annual basis. If you opt for a yearly plan, you’ll pay for 12 months upfront but receive an extra month’s worth of membership for free.
Every plan includes free BATS real-time data for the US market (delayed in other markets). Additional real-time data feeds are also offered for an additional fee.
TradingView also has three plans: “Pro”($14.95/month), “Pro+”($29.95/month), and “Premium” ($59.95/month). While memberships are usually billed in monthly time frames, you can enjoy a significant discount if you opt for an annual subscription instead.
Although the platform doesn’t offer refunds, every paid plan does offer a free, 30-day trial. Like StockCharts, real-time data packs are offered for an additional fee(s).
StockCharts vs TradingView: Final Thoughts
Both platforms are clearly capable of running simultaneous stock charts, assisting traders in identifying patterns to make informed trades, and offering newer traders educational resources to help them improve their craft. However, when it comes down to it, we think TradingView has the upper hand over StockCharts.
The platform is much more than a simple stock analysis tool. It enables users to create custom scripts, allows traders to perform backtests, and even unlocks an entire online community where traders can exchange ideas!
StockCharts is still a great option for people who just want the basic charting experience, but—if you want the best possible charting experience—we recommend TradingView instead.
Click here to take your trading to the next level with TradingView!