TradingView Review 2023

Jeremy Biberdorf By: Jeremy Biberdorf Nov 27, 2022
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TradingView Logo

4.5/5

4.5 rating based on 5 ratings

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In a nutshell: TradingView offers low-cost charts and analysis on the latest stock picks. Both new and experienced traders can take advantage of this cloud-charting and social networking software to make better stock purchases.

Due to its emphasis on accessibility, our TradingView review recommends it as an essential tool for investors.

Service TypeFeesPromotion
Charting & analysis$0 - $59.95/monthNone

Charting in the crowd? Social networking? TradingView does all this and more with its trading and analysis platform. Plus, you can get started for free.

Pros & Cons
PROS
  • Basic charting and analysis with free account
  • Compatible on both desktop and mobile
  • Community-produced indicators
CONS
  • Very limited support for most brokerage platforms
  • Pricey premium packages

Compare to Other Trading Platforms

TradingView Logo
4.5 rating based on 5 ratings
4.5/5
LEARN MORE

Fees$0 - $59.95/month

Service TypeCharting & analysis

PromoNone

TrendSpider
4.0 rating based on 5 ratings
4.0/5
LEARN MORE

Fees$39 - $119/month

Service TypeTechnical analysis

Promo7-day free trial

Trade Ideas Logo
4.8 rating based on 5 ratings
4.8/5
LEARN MORE

FeesStarts at $84/month

Service TypeStock scanning tool

PromoNone

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?

Product NameTradingView
ServicesCharting, research and analysis, stock alerts, and stock screeners
Membership FeeFour membership levels ranging from free to $59.95 per month
Customer Service 24/7 live chat
PromotionsNone

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 browser-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. 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 membership levels. 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 pro account offers ten alerts and five indicators for every chart. An ad-free experience is included. In truth, this package isn’t worth the price.

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 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.

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 charts to be essential for any serious investor.

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

Frequently Asked Questions

TradingView supports a limited number of brokerages. If you hold an account with a supported broker you can trade with TradingView. Most investors will need to buy and sell with third-party platforms, however.

Yes, all data is updated in real-time, so you can get the latest information. There’s no time delay, even for free users.

Many investors have grown interested in cryptocurrencies like Bitcoin. As of 2020, TradingView now supports crypto investors through charts and trading through supported brokers.

Unfortunately, customer support at TradingView leaves a lot to be desired. The only way to contact customer support is via the on-platform messaging system. Although chat is available 24/7 and includes a comprehensive FAQ section, it can be difficult to deal with more complex issues via the customer support department.

TradingView’s mobile app aims to mirror the same functionality as TradingView on desktop. The mobile app includes real-time market data, push alerts, and full account synchronization. Overall, TradingView’s app is innovative, and investors can trade through it with confidence.

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Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. After working many years in the website marketing industry, he decided to take on blogging full time and also get his finances headed in the right direction. Also check out his contributions to Equities.com and Benzinga.