TradingView Review 2023

Full TradingView Review

TradingView is one of the most unique charting platforms around today. It offers a wide assortment of trading tools, the ability to access data from nearly anywhere, and introduces you to a vast community of traders. It enables traders to make data-driven decisions using multiple technical indicators per chart, historical data, and even input from fellow traders. If you’re not sure about the stock market and want to get a second-hand opinion before executing any potential trades, TradingView offers the perfect mix of community and charting.

TradingView is best for:

• Active traders
• Fee-conscious investors
• Traders who want to be part of a community

Are you obsessed with charts and want the most in-depth technical analysis tools available?

TradingView charts are used by tens of thousands of active traders daily. Information is presented in real-time and investors can choose from a variety of the most popular charts. A wide range of information is even available for free.

The platform can be used by traders all over the world and Stan Bokov’s freemium, community-driven model is one of the most tantalizing offerings in the investing world today.

Keep reading to find out more about the platform in our TradingView review.

What is TradingView?

TradingView charts consist of a web-based charting package and a social media network of traders. Founded by the same people who produced MultiCharts, TradingView offers everything you would expect from a premium level charting suite. In addition, it has the portability to operate on mobile devices.

The wider trading community at TradingView is useful for discussing strategies, indicators, and trading ideas.

TradingView Features

Our review of TradingView can’t praise the quality of the charting options enough. Beginners and journeymen investors have everything they need with the free program. It’s the ultimate technical analysis platform for making stock picks.

HTML5 Charts

Create simple HTML5 charts for tracking your preferred stocks. Investors can create dynamic charts tracking whole market sectors.

The software also allows you to draw on your charts, which is something rarely offered by other charting software options.

TradingView Desktop

TradingView allows users to access their services via a mobile app (available for both ios & Android), the web-based version, or the “desktop platform”. Interestingly, the “desktop” version of Trading View is also browser-based! However, the main difference is that this version is specifically optimized for TradingView, so you won’t have to deal with the distractions you might find in Chrome or Firefox.

Regardless of which version you use, you’ll still have access to all the basic features and trading capabilities. Some key features—such as support for multi-window viewing—may be available but unusable; access to these is limited by your plan, not the version you’re using.

However, the desktop version also offers a few desktop-only features designed to streamline your experience. The desktop version is supported on Windows, macOS, and Linux (via snapcraft.io).

Stock Alerts

Choose from 12 different criteria for stock alerts. All alerts are sent out server-side direct to your computer or mobile device via Sms alerts. If a stock price reaches a certain level, you’ll know about it instantly in real-time. However, it’s important to note that the number of real-time data price alerts you’ll be able to use—as well as how long they’ll last—will vary, depending on your subscription plan.

Stock Screener

Looking for inspiration? TradingView’s stock screener allows you to search for stocks based on specific criteria. They give you the option of being as in-depth or as broad as you like when looking for new investments.

Customized Analysis

Do you want to have more control over how you analyze different assets?

For advanced TradingView users, it’s possible to get custom analysis. The platform has its own programming language, known as Pine script.

You can use Pine to create your own charts and indicators. This is an excellent feature for those who want to go beyond the default features of the platform.

Pine Script

Pine Script is one of the most unique features of Trading View. This feature can help you get the most out of the platform’s powerful tools, as it allows you to completely optimize your stock trading experience. Ever wanted a way to track custom time intervals or specific data that wasn’t offered by the stock tools? Well, that’s what Pine Script was created for.

“Pine Script” is Trading View’s own scripting language. Designed to enable users to create custom indicators or backtests, the language itself is fairly straightforward to learn. If you’re already familiar with Python then learning Pine Script should be an easy task. If not, Trading View offers plenty of educational materials on their website, which will allow you to learn and start utilizing Pine Script right away. You can create Pine Scripts by using the Pine Editor on TradingView.

Since Pine Script was created specifically for the TradingView platform, it’s not surprising that you’ll be able to take advantage of nearly all of the data feeds currently offered. You can find Pine Scripts that have already been written in the Pine Script library. TradingView allows users to add their own custom scripts to this library, enabling other users to use pre-written scripts (rather than having to start from scratch).

There are limitations, but these primarily apply to script size, memory usage, and additional data. Unless you’re trying to create an all-inclusive super script, it’s unlikely your experience will suffer from the imposed limitations.

Unlike many other programming languages, Pine Script is executed entirely through the cloud. This is the reason for the limitations on individual scripts; TradingView does not want user scripts to negatively affect the user experience for others.

Quick Technical Analysis Tool

Don’t have time to conduct your technical analysis through custom charting? TradingView provides a quick technical analysis tool for an immediate view of how an asset’s value may change over time.

TradingView utilizes common technical analysis to provide an informed prediction on an asset’s future price, such as:

• Pivots
• Oscillators
• Moving averages

The results are displayed according to a scale of whether to buy or sell. These indicators range from “strong buy” to “strong sell.”

Users can alter their results by switching between different time frames. They can be as short as one minute or as long as a month. Whether you’re a long term trader or a scalper, there’s value to be found through the quick technical analysis tool and advanced chart types.

Active Trading Community

Investors often like to discuss their ideas with other active traders. The TradingView investing community regularly collaborates and shares ideas on what’s going on with the market.

Whether you need some extra help or want to learn something new, this is an invaluable font of knowledge. Indeed, engaging with the community is a great way to start trading.

Large Knowledge Base

TradingView also caters to novice investors. Users will notice interactive information pods across the website. Hover over them or click on the drop-down boxes for more information on what potentially new trading concepts mean.

If you’re looking for additional learning opportunities, TradingView has its own wiki. Use the wiki to find out more about how different tools work.

Paper Trading

Even if your brokerage isn’t partnered with TradingView, you can still indulge in paper trading on the platform. This is a great option for traders who want to get used to integrating the platform’s features into their trading strategies for the first time.

Through TradingView’s paper trading feature, you can trade stocks, Forex, and cryptocurrencies. These portfolios require no real money to be deposited, so it’s an excellent skunkworks for learning the platform, honing your craft, and trying out new experimental strategies.

Investor Live Streams

TradingView’s newest feature is its investor live streams. If you want to learn by watching the masters at work, you can follow along with professional traders. Live streams also include a chat, where you can interact with the host and your fellow traders.

If you’re unable to attend a live stream, all previous live streams are archived, so you can watch them at your leisure.

Reviews on TradingView reveal these professionals are legit and their live streams are an excellent tool for refining your trading strategy.

The “Basic” Benefits

The “Basic” plan offered by TradingView is the free version of their service. Although it offers many of the same advanced features you can get with a subscription plan, its capabilities are somewhat limited. Advanced users may need to go to a higher price level plan, depending on their specific trading needs. Still, the “Basic” plan has a lot to offer (as long as you’re OK with ads).

As a Basic user you’ll be able to browse stock charts, although you’ll be limited to one chart per tab. You’ll be able to save a single chart layout, but features like custom time intervals, bar replays, intraday spread charts, support for all available time frames, and custom range bars are excluded from this plan.

Despite being completely free, the Basic plan does offer a fair amount of technical analysis features. You’ll be able to use three indicators per chart (with one custom indicator), create custom scripts using Pine Script, and use over fifty “smart drawing” tools. However, it doesn’t include volume profile indicators.

Impressively, the free plan supports both broker integration and simulated trading, as well as extended trading hours. You’ll also have access to the news feed (which provides real-time news), global trading data, financials, and the economic calendar.

All in all, the “Basic” plan does offer a lot to users, despite being completely free. However, if you’re a more advanced user who relies on features like volume indicators, importing/exporting watchlists, or multiple alerts, you’ll want to check out TradingView’s premium subscription plans.

We’d also recommend checking out the premium plans if you struggle to learn new systems quickly, as the “Basic” plan doesn’t offer any customer support.

TradingView Pricing

Most reviews on TradingView are split on whether it’s worth paying for the premium pricing plans. We believe that the majority of investors can make gains with the basic membership level.

If you do opt to pay for premium TradingView services, you can get a discount on your membership by paying for a whole year in advance.

Free – One chart per layout and one server-side alert with three indicators on one device. Free users can access the community, as well as a variety of global data. The big downside is free users cannot access customer support.

Pro ($9.95-$14.95/month) – The TradingView pro account offers ten alerts and five indicators for every chart. An ad-free experience is included. Truthfully we feel the pro service is a bit unnecessary, and Pro+ makes more sense for the value.

Pro+ ($19.95-$29.95/month) – Gain access to customer service, four chart layouts, and more alerts. You can also use Renko, Line Break, Figure, and Kagi charts with this package. You also gain the ability to create fully customized charts.

Premium ($39.95-$59.95/month) – The TradingView premium plan unlocks all of TradingView’s features. This includes 200 alerts, 25 indicators on every chart, eight charts per layout, and priority access to customer support.

Learn more about the TradingView mobile app here.

Who is TradingView Best For?

While TradingView offers a diverse range of tools and resources that can benefit many types of investors, it particularly shines for specific kinds of users. Here’s a breakdown of who might find the most value in TradingView:

• Active Traders: The real-time data, customizable charts, and numerous technical indicators make TradingView a paradise for active traders. The ability to set up detailed and personalized alerts ensures that you’re never out of the loop when it comes to market movements. Day trading is made easier with TradingView.
• Technical Analysts: If you’re someone who relies heavily on technical analysis, TradingView’s charts, tools, and indicators will serve you well. The platform’s proprietary scripting language, Pine Script, lets you create your own custom indicators, allowing you to tailor your technical analysis to your unique trading strategy.
• Fee-Conscious Investors: The basic version of TradingView is free, and it provides a lot of value. If you’re an investor who wants robust charting and analysis tools without a hefty price tag, TradingView’s free version could be a perfect fit.
• Community-Oriented Traders: TradingView boasts a large and active community of traders. If you appreciate the ability to share ideas, discuss strategies, and learn from others, you’ll likely enjoy the social networking aspect of TradingView.
• Beginners: While TradingView has advanced features for seasoned traders, it’s also beginner-friendly. Its user-friendly interface, educational resources, and paper trading feature make it an excellent platform for those just starting out in the trading world.

What Sets TradingView Apart from Other Platforms?

When navigating the myriad of trading platforms available in today’s digital market, it’s essential to pinpoint the unique attributes that make a platform stand out. Here’s what sets TradingView apart from the rest, and why you might consider giving it a try:

• Community Engagement: TradingView goes beyond being a charting and trading platform – it’s a thriving community with millions of traders. The platform encourages users to share ideas, strategies, and insights, making it a hotbed of collaboration and knowledge-sharing. This dynamic social platform is particularly valuable for beginners looking to learn and experienced traders eager to share their wisdom and gain new perspectives.
• Extensive Range of Tools and Indicators: The variety and depth of tools and indicators offered on TradingView are truly impressive. From standard technical analysis tools to the innovative Pine Script, which allows users to create custom indicators, the platform provides a comprehensive toolkit for traders of all levels.
• Accessibility and Flexibility: TradingView is a browser-based platform, meaning you can access your charts and analysis from any device with an internet connection. This flexibility allows you to keep up with the markets whether you’re at your desk, on your couch, or on the go.
• Education and Learning Resources: TradingView is committed to helping users enhance their trading knowledge. With an extensive wiki, educational materials on Pine Script, and interactive information pods throughout the website, the platform turns learning into an engaging and interactive experience.
• Paper Trading Feature: This feature allows users to practice trading with virtual money, making it a risk-free way to test strategies or learn the ropes. It’s a rare offering that sets TradingView apart from many of its competitors.
• Real-time Global Data: TradingView offers real-time data from global exchanges, ensuring that you have the most accurate and up-to-date information at your fingertips. This can be a game-changer for investors who trade in international markets.

Is TradingView Right for You?

In line with other reviews on TradingView, we believe that the platform is an excellent source of data and analysis. With tools to support both newer and experienced investors, TradingView far surpasses its competitors.

However, the value inherent in some of their premium membership levels is questionable. Only a small number of investors will find value for money, particularly in its Pro membership program.

Overall, we consider TradingView to be a worthy investment for investors of all types.

Check out TradingView, create a free account, and start picking winning stocks.