TrendSpider vs TradingView 2023

If you are a day trader, swing trader, or any kind of technical trader, your number one need is a good charting platform. Charting software is an absolute must to enable any sort of technical trading.

Not long ago, advanced technical chart patterns were only available to institutional investors. These days any investor can access these powerful tools by paying a few dollars a month.

TrendSpider is a newer technical analysis platform, having been only around since 2016. In their short tenure, they have already become one of the more popular trading platforms.

TrendSpider’s innovative chart design is frequently used by media outlets when talking about equities and other investing. This includes their proprietary “Raindrop” charts, which are a unique way to combine price with velocity and volume data.

A word-of-mouth success story, TradingView was founded in 2011 and now boasts over 15 million active traders worldwide.

Read on to find out which of these technical charting companies is better for you.

Annual Subscription Fees	Three Tiers: $44, $87, $131 monthly (When paid annually)	Three TradingView Tiers: $12.95, $24.95, $49.95 (When paid annually)
Securities Analyzed	Stocks, ETFs, FOREX, Crypto, OTC Stocks, Cboe Indices, Futures	Stocks, Indices, Crypto, FOREX, Futures, Bonds
Investment Strategies	AI-Enhanced technical trading, including building Your own algorithms and setting rules	Technical tools are a starting point, also includes robust social networking aspect for collaborating with other traders
Approach	Solely quantitative	Mainly quantitative with some qualitative aspects
Free Resources	TrendSpider University, which has classes on chart-reading and other technical trading aspects	Stock, FOREX, Crypto Screeners Stock, Crypto Heat Maps
Smartphone App?	Yes, full functionality	Yes, partial functionality
Best Use	Full-time Day/Swing Traders	New Day/Swing Tradings
Current Promotion	More Info	More Info
Modest Money Overall Rating	4.5 rating based on 5 ratings	4.8 rating based on 5 ratings

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 investors, 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 tiers and what you’ll get with each:

Premium TrendSpider is the lowest tier. The current monthly cost of Premium is $44 or $440 per year. Premium gives you access to the following datasets:

• Real-time market data
• S. 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

Elite TrendSpider is the middle tier. Elite’s current monthly cost is $87 or an annual cost of $870. With Elite, you get access to all the Premium datasets plus the following:

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

Advanced TrendSpider is the upper tier. Its current monthly cost is $131 or $1,310 per year. What differentiates Advanced from the Premium and Elite tiers is that you’ll get more robust technical data with this plan such as market scanners. You save 16% by going with the annual plan.

If you haven’t done the math, you save the equivalent of a two-month subscription with each of the tiers by paying annually instead of monthly.

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. 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 pattern 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 other investors and publish your research and trading 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 additional features offered by each and how these could be used to power your trading.

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 worthwhile 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 also 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.

TradingView Additional Features

Along with its basic plan, TradingView has an excellent selection of other free 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, 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.

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.

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 as an alternative.

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.

If you think TrendSpider might be for you, click here to open an account that includes a free seven-day trial.

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.

TradingView 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.

click here to open a TradingView account.

Learn More About Tradingview