TrendSpider vs TradingView 2024: Full Comparison

TrendSpider vs TradingView Videos

What is TradingView?

TradingView is a premier charting platform established in 2011, offering real-time data on financial assets like stocks, ETFs, and cryptocurrencies from over 70 global exchanges. Boasting a user base of over 50 million, its intuitive interface and robust analytical tools are complemented by a vibrant community that shares trading insights and charts.

Some criticisms include missing brokers and reported customer service concerns, yet it remains a top choice for comprehensive charting and community interaction.

What is TrendSpider?

TrendSpider is a modern charting software specializing in automated technical analysis, leveraging AI to pinpoint trendlines, candlestick formations, and Fibonacci patterns across more than 55,000 assets. A distinguishing feature is its capability to overlay data from varying time frames onto a single chart, alongside tools like a real-time market scanner and strategy backtester.

While it lacks an integrated trading platform and fundamental analysis tools, its advanced technical capabilities make it a favorite among traders.

TradingView vs TrendSpider: Determining Factors?

TrendSpider and TradingView both provide technical indicators and charting capabilities to investors at a low monthly cost. Each uses a pricing model comprised of three paid subscription tiers. While their goal is the same, providing technical charts and real-time data to power the decisions of day and swing traders, the way they go about it differs.

To help you decide between these two platforms, Modest Money analyzed them based on four factors: cost, experience levels, strategy, and additional features.

Modest Money concluded that the TradingView platform is suitable for a more wide range of investorsand trading styles, but specific niche and experienced investors should opt for TrendSpider instead.

Let’s take a closer look.

Factor 1: Cost

You know it’s all about the margins if you are a technical trader. Let’s look at the relative costs of TrendSpider vs TradingView.

TrendSpider Cost

TrendSpider has three pricing tiers. They have changed the names of these tiers several times over the past few years, but they are currently known as the Premium, Elite, and Advanced tiers.

In addition to its name changes, TrendSpider has also changed its pricing structure several times over the past few years.

Here are the current pricing and what you’ll get:

$149 monthly ($74/month When paid annually)

• Real-time market data
• stocks and ETFs listed on the NASDAQ, NYSE, AMEX indices
• Hundreds of FOREX currency pairs sourced from more than 24 providers
• Data from 150 digital asset exchanges, representing 6500 asset pairs
• Data on thousands of OTC/Pink-sheet stocks

• Chicago Board Options Exchange (Cboe) indices
• CME and ICE Futures contracts, including Intraday insights

You save 50% by going with the annual plan.

Is TrendSpider free?

Not completely, but you can get a seven-day free trial of TrendSpider here, no matter which plan you choose. This page also shows you the differences between the subscription tiers in addition to the datasets listed above.

To figure out if this is for you, you want to make the best use of the 7-day free trial. If this service is for you, you’ll probably want to go ahead and pay the annual fee to save significant amounts of money.

TradingView Cost

Is TradingView free? No, TradingView also has a three-tier pricing plan. Here are the tiers and the datasets that you’ll get:

Pro TradingView is the lowest tier subscription. It costs $14.95 per month, dropping to $12.95 a month if you opt for the annual plan. This works out to $155.40 annually. With Pro, you get access to:

• 5 technical indicators per chart
• 2 stock charts in one window
• 20 server-side alerts
• Volume profile indicators
• Custom time intervals
• Multiple enhanced watchlists
• Bar replay on intraday bars
• Multi-monitor support in Desktop app

Pro+ Plan is the middle-tier TradingView subscription. TradingView fees for Pro+ costs $29.95 monthly or $24.95 if you go with an annual plan, which works out to $299.40 for the whole year. With Pro+, you get all the Pro features plus the following:

• 10 technical indicators per chart
• 4 charts in one layout
• 100 server-side alerts
• 10 saved chart layouts
• Intraday exotic charts
• Charts based on custom chart patterns and formulas
• Chart data export
• Indicators on indicators

If you’re not sure about TradingView Pro vs Pro Plus, then go for Premium. The TradingView Premium Plan is the company’s top-tier subscription service. The Premium plan costs $59.95 per month, $49.95 per month when you subscribe annually for a total annual cost of $599.40. This is what TradingView brands as its “complete package,” and you get access to Pro and Pro+ as well as:

• 25 indicators per chart
• 8 charts in one layout
• 400 server-side alerts
• Unlimited chart layouts
• Advanced charting tools
• Second-based intervals
• Stock scanner alerts that don’t expire
• 4x more data on charts
• Invite-only indicators sign up here to get TradingView’s current promotions.

TradingView is Cheaper

TradingView’s price points are less than half of those at TrendSpider, awarding the decisive win to TradingView in terms of cost.

Factor 2: Experience Levels

Both TrendSpider and TradingView market their three-tier subscription model to specific audiences. Finding yourself within one of these experience levels with room to grow is a crucial factor you should consider when choosing a technical analysis provider full of real-time data.

Here’s what they say are the best audiences for each of their products:

TrendSpider Audience

TrendSpider markets its subscriptions to the following customer segments:

• TrendSpider recommends its Premium plan for active part-time traders with a day job.
• TrendSpider recommends its Elite subscription for experienced traders who need more advanced real-time market data.
• TrendSpider recommends its Advanced subscription for professional and full-time traders who need the most advanced tools to enable their trading.

Modest Money agrees with these categories and recommends that most day and swing traders start with Premium, scaling up as needed and as profits progress.

Unfortunately, TrendSpider doesn’t have a free basic option, but they don’t charge you during your 7-day free trial. This is not the case with many other subscription-based investment services, which you often must call to get them to rebate the fee if you decide not to continue with the service.

Plus, if you decide to cancel during the trial, you don’t have to call or email. Instead, you can cancel yourself from your account settings page.

TrendSpider is most appropriate for Intermediate to Advanced investors who understand technical analysis and can benefit from the real-time market data and custom indicators. If you don’t fall into this category, TrendSpider is probably not for you.

TradingView Audience

TradingView markets its subscriptions to the following customer segments.

• TradingView recommends its Basic plan for new investors starting their journey.
• TradingView recommends its Pro plan for part-time traders with some experience.
• TradingView recommends its Pro+ (or TradingView Pro Plus) plan for day-traders seeking to advance their trading to the next level.
• TradingView recommends its Premium plan to people who need maximum data, i.e., people who are making a good living from full-time trading.

The customer segments that TradingView best services are Beginner to Intermediate traders. If you are a professional or advanced trader, you will probably need a more wide range of benefits than TradingView can offer you.

If you have no idea what technical trading is all about, what a candlestick chart is, or what the current day trading rules are, then TradingView will be a better experience for you.

Which is Better for You? TrendSpider or TradingView?

Should you go for TradingView or TrendSpider?

To properly answer this question, it pretty much comes down to which charting product is best for you based on your experience level. If you are just learning, TradingView is a better choice. For more advanced intermediate traders and above, consider going with TrendSpider.

Factor 3: Strategy

How much does strategy matter when choosing a technical charting service? Maybe not a lot since you will be making most of your decisions based on quantitative vs qualitative inputs. Nevertheless, there are some nuanced differences between TrendSpider vs TradingView you should know to help you make your decision.

TrendSpider Strategy

One of the selling points that TrendSpider relies on is, as it claims, is to “Remove bias, emotion, social influence, FOMO, and other costly analysis mistakes from your routine.” In other words, TrendSpider wants to help you remove all human foibles from your investing decisions. TrendSpider instead enables you to set up your own algorithms to watch your charts and help you make decisions. With TrendSpider, your trading partner is the platform’s artificial intelligence (AI).

TrendSpider’s tools are geared towards building charts and automating their interpretation to the greatest extent possible. For example, you can set up rules to make its AI system optimal for your strategy.

TradingView Strategy

If your TrendSpider trading partner is an AI bot, then with TradingView its crowdsourced investment intelligence from your fellow traders. Instead of helping you eliminate the human factor from your investment decision-making, TradingView enables it by serving as a sort of social community for traders. It brands itself as “The social network for your financial life.” You can even Livestream your trades and charts and broadcast your video analysis of what you see going on. You can also see what fellow traders are thinking and doing either by watching their Livestreams or accessing the chat feature.

TrendSpider vs TradingView: Strategy

TrendSpider is the most quantitative of the two platforms, enabling you to build your own rules and algorithms for automated charting and analysis. TradingView also is chart-based but offers more of a hybrid experience, adding the ability to integrate with their community of traders and publish your research and trade ideas.

Which is better for you comes down to personal preference. If you think computers are more intelligent than people, choose TrendSpider. If you believe that no investing is complete without human insight, then TradingView is better for you.

As far as we are concerned, Modest Money appreciates the human touch that TradingView offers. How much you use it is up to you, but at least it will be there.

Factor 4: Additional Features

Charting software is charting software. While the advanced charting tools might differ slightly according to the specs listed above, another factor you should consider when choosing between TrendSpider and TradingView is the range of features offered by each and how these could be used to power your trading.

Integration with Brokerages and Execution

TradingView

TradingView has made significant strides in integrating with a variety of brokerages, enabling users to execute trades directly from the platform. This feature significantly enhances the platform’s utility, making it an all-in-one solution for traders who prefer to analyze and trade within a single environment.

The convenience of having a unified platform for analysis and execution streamlines the trading process, reducing the time and effort required to switch between different tools. TradingView’s approach to brokerage integration caters to a diverse range of traders, from casual investors to professionals, providing them with the flexibility and efficiency needed for successful trading.

TrendSpider

While TrendSpider excels in providing advanced chart analysis and automated technical insights, its focus is less on direct brokerage integration and more on serving as a standalone analysis tool. This means that traders using TrendSpider may need to utilize separate platforms for trade execution, which could be seen as a drawback for those seeking a more integrated trading experience.

However, for traders who prioritize in-depth analysis and are comfortable with using multiple platforms, TrendSpider’s advanced features offer significant value. The platform’s cutting-edge tools are designed to provide deep market insights, making it an excellent choice for traders who base their decisions on thorough technical analysis rather than the convenience of integrated trade execution.

TrendSpider Additional Features

TrendSpider’s best additional feature is its robust Resources section. You can access many of these resources before you even sign up for an account, and we highly recommend checking them out of you are thinking about getting into any kind of technical trading.

TrendSpider University features a collection of video tutorials on technical trading. You can also watch videos about TrendSpider’s specific platform and apps, which is a critical feature if you are considering the service but are not yet ready to sign up for the seven-day free trial period.

You can also use TrendSpider University to attend webinar classes on various topics related to TrendSpider software. These webinars are available during the week, and on weekends, so you don’t have to quit your day job to watch them.

TrendSpider’s Mobile Companion App is another helpful feature. You can build a Watchlist that will always be available in the app whenever you have your phone. You can use automation features to set up alerts and see the same charts you would see on your computer, albeit smaller.

Although TradingView also has a mobile app, the TradingView app is only available for iOS 14.0 or later or Android 7.0 or later.

TrendSpider also has proprietary “Raindrop” charts, which combine price action, volume, and current sentiment into a chart.

Integration with Brokerages and Execution

TradingView

TradingView has made significant strides in integrating with a variety of brokerages, enabling users to execute trades directly from the platform. This feature significantly enhances the platform’s utility, making it an all-in-one solution for traders who prefer to analyze and trade within a single environment.

The convenience of having a unified platform for analysis and execution streamlines the trading process, reducing the time and effort required to switch between different tools. TradingView’s approach to brokerage integration caters to a diverse range of traders, from casual investors to professionals, providing them with the flexibility and efficiency needed for successful trading.

TrendSpider

While TrendSpider excels in providing advanced chart analysis and automated technical insights, its focus is less on direct brokerage integration and more on serving as a standalone analysis tool. This means that traders using TrendSpider may need to utilize separate platforms for trade execution, which could be seen as a drawback for those seeking a more integrated trading experience.

However, for traders who prioritize in-depth analysis and are comfortable with using multiple platforms, TrendSpider’s advanced features offer significant value. The platform’s cutting-edge tools are designed to provide deep market insights, making it an excellent choice for traders who base their decisions on thorough technical analysis rather than the convenience of integrated trade execution.

TradingView Additional Features

Along with its basic plan, TradingView has an excellent selection of other free as well as advanced features. Top among these is its Stock Screener, a great way of screening and sorting stocks, and is very intuitive to use.

With Stock Screener, you can instantly screen and sort stocks on the following criteria:

• Performance
• Extended hours prices
• Valuation
• Dividends
• Margins
• Income statement inputs
• Balance sheet inputs
• Oscillators
• Trends

Even if you never sign up for TradingView (though I recommend trying some paper trading using a free Basic account, if only to see what technical trading is about), you should bookmark Stock Screener.

TradingView also has FOREX and Crypto screeners, which are great resources you should consider bookmarking no matter what kind of trading you favor. TradingView’s Stock and Crypto heatmaps are two other features providing exciting and highly efficient market data into Crypto exchanges, free of charge.

TrendSpider and TradingView Both Have Great Free Features

Whatever investment charting analysis you decide to go with, you should take advantage of the free resources available with each. TrendSpider’s additional features focus on education, while TradingView makes various screeners available to all investors, making both powerful trading platforms.

Factor 5: Chart Customization and User Interface

When it comes to chart customization and user interface, TradingView takes the lead due to its intuitive design and flexibility in customization. Its platform is tailored to accommodate both beginners and seasoned traders, making it a versatile tool for a broad audience.

The ability to create and share chart templates not only enhances personal efficiency but also fosters a sense of community by enabling the exchange of strategies and insights. This level of customization and user-friendly interface makes TradingView a preferred choice for traders who rely heavily on technical analysis and value a platform that can adapt to their unique trading style.

TrendSpider, while offering innovative automated analysis tools, presents a different approach to chart customization. Its focus on automation and unique features like Raindrop Charts caters to a niche market of traders who prefer data-driven insights generated through AI and algorithms.

However, this emphasis on automation may introduce a steeper learning curve, potentially making it less accessible to traders new to automated analysis tools. For those who prioritize algorithmic insights and advanced technical analysis, TrendSpider remains a strong contender, but it may not appeal as broadly as TradingView due to its specialized focus.

Factor 6: Community and Learning Resources

TradingView clearly stands out in the category of community engagement and learning resources. Its platform is not just a tool for charting and analysis but also a vibrant forum where traders can interact, share, and learn from each other. This community aspect is invaluable, especially for new traders looking to gain insights and learn from more experienced peers.

Additionally, TradingView’s extensive educational resources, including tutorials and webinars, provide users with the knowledge needed to effectively utilize the platform and improve their trading skills. This combination of community support and learning resources makes TradingView an attractive option for traders who value collaborative learning and community engagement.

TrendSpider, on the other hand, offers substantial learning resources through TrendSpider University and focuses on educating its users on technical trading and the platform’s features. However, its community aspect is less emphasized compared to TradingView, making it more suitable for traders who prefer to focus on individual learning and advanced technical analysis without the need for extensive community interaction.

TrendSpider’s dedication to providing advanced analysis tools and education is commendable, but for those seeking a more community-driven experience, TradingView has the upper hand.

Factor 7: External Customer Reviews & Ratings

External TrendSpider Reviews & Ratings

External Tradingview Reviews & Ratings

TrendSpider vs TradingView: The Bottom Line

Is TrendSpider better than TradingView? For most people reading this review, Modest Money picks TradingView as the better choice and most likely to give you the best value for your money and the best chance to succeed in the tumultuous financial markets.

Most investors who want to start day and swing trading will fall into Beginning and Intermediate skill levels. TradingView is more appropriate for this type of investor. However, traders with more advanced skills should consider TrendSpider a comprehensive trading platform.

TrendSpider

TrendSpider focuses on AI-enabled technical analysis and charting. This is an excellent product for advanced traders who want to create their own rules, charts, and algorithms for optimal quantitative trading performance.

Everyone considering technical trading should take advantage of the free resources available at TrendSpider University. Even if you never make a chart-based trade, every investor should at least know what they’re about. TrendSpider has excellent primers on technical analysis and charting features.

If you think TrendSpider might be for you, click here to open an account that includes a free seven-day trial.
Save 30% with coupon code: MM30 on TrendSpider!

Learn More About Trendspider

TradingView

TradingView focuses on enabling human discourse among investors, along with its technical trading tools. It is perfect if you want to share your trading strategies and benefit from ones built by fellow platform users. You can share ideas through its chat and video features.

also has nice tools, including the ability to set up a free basic account and benefit from a host of stock, FOREX, and crypto features. In addition, TradingView offers the best option to learn about technical trading without buying a subscription.

And once you do buy a subscription, it will cost less than half of those offered on TrendSpider.
Receive $15 Welcome Bonus on TradingView!

click here to open a TradingView account.

Learn More About TradingView

FAQs

Is TrendSpider Free?

Although TrendSpider is not free, they do offer a 7-day free trial for all payment plans.

Is TradingView Free?

TradingView is not free, but they do offer a 30-day free trial for all payment plans.

Which Brokerages Can Be Used With TrendSpider?

TrendSpider is compatible with a range of well-known brokerages. Users experience broker integration with the following:

• Alpaca
• Coinbase
• Interactive Brokers
• Robinhood
• TDAmeritrade
• TradeStation
• Tradier

These brokerages offer various trading services, from stock trading to cryptocurrency exchanges. Connecting TrendSpider with these platforms can enhance your trading experience.

Which Brokerages Are Compatible With TradingView?

TradingView is compatible with a variety of reputable brokerages. Among the most popular ones are:

• Interactive Brokers
• OANDA
• FXCM
• Binance
• TradeStation

These are some of the top choices among traders and offer a diverse range of trading services. It’s worth noting that if you aren’t ready to trade with real money, TradingView also offers its own Paper Trading simulator, allowing you to practice without linking to an external broker account.

Is TradingView suitable for beginners?

Yes, TradingView’s intuitive interface and vast educational resources make it accessible for beginners, while its advanced features cater to experienced traders.

Can I trade cryptocurrencies on TradingView?

TradingView provides extensive cryptocurrency charting tools, but trading execution depends on the integration with cryptocurrency exchanges or brokerages.

Does TradingView offer real-time data?

TradingView offers real-time data, with the extent and coverage depending on the subscription tier and the specific market.

Can I customize indicators on TradingView?

Yes, TradingView allows users to customize and create their own indicators using Pine Script, catering to a wide range of analysis needs.

Is there a mobile app for TradingView?

Yes, TradingView offers a highly functional mobile app that provides a comprehensive trading and analysis experience on the go.

What makes TrendSpider unique compared to other charting platforms?

TrendSpider’s unique selling points include automated technical analysis, AI-driven tools like Raindrop Charts, and a focus on providing advanced charting solutions.

Can TrendSpider help me with trade execution?

TrendSpider is primarily an analysis tool, and while it does not directly facilitate trade execution, its insights can be used to inform trading decisions on execution platforms.