TradingView Review – Is TradingView Good?
Is TradingView good?
People trust TradingView. The TradingView team has been working on real-time charts, data, and financial tools for more than 20 years.
TradingView provides some of the best charts, trading tools, and social networking features on the web today.
TradingView is free and open to the world.
TradingView provides excellent analytics. The platform is easy and intuitive for beginners, yet powerful enough for advanced chartists.
Overview of TradingView Software
TradingView is one of the best low-cost charting platforms on the web. TradingView is an advanced financial visualization platform with the ease of use of a modern website. Now, there isn’t much in the way of competition when it comes to free and basic charting functionality. The platform is well worth the investment.
Some of the platform’s most impressive features include its fully operational mobile app, wide range of screening criteria, custom script incorporation and much more. TradingView also offers a wide range of educational tools. Users can view news feeds associated with each asset, read articles, view real-time market data and watch livestreams with professional traders to improve your skills. Paper trading accounts are also available.
TradingView’s content can be overwhelming for newer traders and investors. And the stock screening capabilities are limited compared to the market leader Trade Ideas. However, the platform remains among the most impressive research hubs on the internet.
The platform is best geared for: professional investors, investors with a programming background, and active day traders who demand minute-by-minute updates.
Pros and Cons of Upgrading to Pro
TradingView is an excellent free stock screener that serves a large investment community.
TradingView has a great user interface. It comes packed with amazing tools for stock analysis. The stock screener and the pine script features allow users to create and customize their own indicators.
TradingView also comes with its own community of traders and algorithm developers who work on creating and developing customized indicators. The platform enables users to create and share their own trading strategies.
New users can try each subscription level (Pro, Pro+, and Premium) for Free.
1. Click here and try the PRO version free for 30 days.
2. Investors receive discount offers during the free trial.
At the time of writing, during the trial period, investors are offered a discount up to 25%.
If you elect to cancel, and not subscribe, TradingView will reach out via email, potentially offering additional discounts.
The platform offers four pricing models, including FREE (BASIC). For the paid versions, investors can elect a monthly subscription or a yearly subscription.
Pro – $14.95 per month; $155 per year
Pro+ – $29.95 per month; $299 per year
Premium- $59.95 per month; $599 per year
TradingView is an Ad-Free platform for the Pro, Pro+ and Premium models. Users can turn off ads on the chart and social pages.
The software provides both a Desktop App and a Mobile App, as well as a Web App.
TradingView Indicators & Charts
Their charts are top quality and don’t require installations or updates.
The free version allows users to open one chart at a time per tab. The Premium version will allow up to eight charts per tab. Chart layouts can be saved and Pro, Pro+, and Premium subscribers are able to export data, set custom time intervals, and create custom intraday charts.
Once exported, chart data (including ticker symbols & indicators) can be saved into a CSV file. It can then be imported into Microsoft Excel or other apps for further analysis.
Users can create custom based time intervals. TradingView allows you to set any time-based bar interval – from 1 minute to 12 months, as well as work with price range bars. The standard set of intervals includes the most popular, and users with a paid subscription can set any interval.
There are 12 customizable chart types: Bars, Candles, Hollow Candles, Heikin Ashi, Line, Area, Baseline, Line Brake, Kagi, Point & Figure, and Range.
TradingView offers a useful Compare Tool to compare the market movements of two or more different symbols simultaneously. Users will also enjoy features such as interactive earnings, splits and dividends that can be toggled “on” and “off” with ease. Historical financial data can also be overlaid such that investors can perform fundamental analysis.
TradingView has 100+ indicators and 50+ intelligent drawing tools that cover most popular trading concepts. Proprietary Pine Script language lets you change existing indicators or create anything from scratch. There are 1000’s of scripts published by other traders in the public script library.
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TradingView Programming Benefits
TradingView has a unique programming language known as “Pine Script”. Pine Script is a programming language developed by TradingView, used for writing proprietary indicators and strategies that can be added to your chart and used in technical analysis. Pine Script lets you create your own indicators and alert systems. You can also browse through TradingView’s comprehensive scripts library, where you can download scripts that others have created. The majority of available scripts are completely open source, allowing you to use them freely and tweak programming as needed. There are over 100,000 custom scripts in the TradingView script library, which you can sort using categories like volume indicators, moving averages, oscillators and more.The platform offers direct access to all major stock exchanges, global currency pairs, worldwide indexes, 30+ crypto exchanges, and more. From any device, anywhere, and in real-time.
Technical Analysis: TradingView’s technical analysis tool uses some of the most studied technical indicators to automatically predict how the asset will change in price over time. If indicators show that the asset is likely to increase in price, you’ll see a “buy” or “strong buy” on the scale. If the indicators show that the asset is more likely to decrease in price, you’ll see a “sell” or “strong sell” signal. Users can adjust the time frames to be as short as 1 minute and as long as 1 month to personalize the technical analysis tool. This can be an ideal partner for day traders who execute many trades throughout the day and who need up-to-the-minute information.
Users can explore chart features and functionalities here.
TradingView Drawing Tools
TradingView offers more than 50 smart drawing tools with all plans. The tools include standard lines and trends, geometric shapes, patterns, and annotations. Investors can write notes, highlight in freehand, establish custom trend lines, use popular ratios and even Elliott Waves.
Users of both the Free and Premium versions can set stock price alerts at specific levels. Albeit the Premium version lets you set additional alerts beyond standard pricing analysis. The alerts can be set on indicators, as well as drawing tools. At present, there are 12 different alert conditions. Users are notified via SMS, Push-to-Phone, or email. Real time alerts can be set on a second-based chart so users can be notified immediately. Webhooks allow you to send a POST request to a certain URL every time the alert is triggered. This feature can be enabled when you create or edit an alert.
Webhooks notification allow you to send a POST request to a certain URL every time the alert is triggered. This feature can be enabled when you create or edit an alert.
The paper trading module can be used with all plans. Simulated trading is a great way to test new strategies without any risk attached.
Trading and Forex
Users are able to practice with a free Simulated Account with fake money or place live orders through one of many supported brokers right from the TradingView platform. TradingView allows users to trade directly via Chart Trading. Order placement, editing, and cancellation is available directly on the chart.
TradingView supports extended trading hours and Forex trading, including popular markets EUR/USD and USD/JPY.
TradingView Stock Screener
Investors can create unique watch lists and create customized scans to identify new investment opportunities. In addition, a range of criteria, both quantitative and qualitative, can be utilized for each scan, and user scans can be saved. This filtering tool lets you find specific stocks, currencies or crypto among thousands that are out there.
All users can sort & filter by 100+ fields and create custom screens to “find highest performing crypto pairs”, or “stocks that pay the most dividends in India”.
There is even a crypto and currency screener. TradingView provides access to Balance Sheet, Income Statement, and Cash Flow Statement data. Also, it provides a variety of ratio analyses useful for investors focused on valuation, debt coverage, liquidity, etc. To top it off, the platform also provides economic and earnings calendars.
TradingView’s Social Media Influence
TradingView is one of the largest and most active social trading platforms in the world. Users can talk to millions of traders from 100+ countries in real-time, read and publish visual trading ideas directly on charts, or watch & record video ideas.
The list of social features is incredibly impressive and really sets this platform apart from others. For example, users can produce and publish ideas to share with a pre-selected or broader investment audience on TradingView. They can also produce video ideas. Investors are able to research top trading ideas from across the community, as well as produce their own analysis to share with others. Users can even broadcast their trading activity live.
Pro subscribers are able to send questions to support at any time. Specialists are quick to respond to questions during business hours, Monday to Friday, 4am to 3pm EST. Currently, the only method you can use to get in touch with TradingView’s help team is its platform messaging system. In the future, we’d love to see a phone help number, especially for paid users who are uncomfortable sharing account details over a text-based medium.
“Look first / Then leap. It’s what you’d call our philosophy, that it doesn’t matter who you are or what you trade, preparing first then committing is the best way of maximizing life’s returns. We see this spirit in our users every day.”
In conclusion, we hope this review offers a full understanding of TradingView’s features. With everything they offer, it’s easy to see how they’ve been able to separate from their competition.
Again, if you would like to implement TradingView into your investing toolkit, visit this link for exclusive pricing.
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