TradingView has become the platform of choice for traders looking for powerful charting and technical analysis. This software has everything for day traders and swing traders to analyse and make decisions.
As you get into TradingView you will find a user friendly interface with advanced features. The platform has real time data, customisable charts and many technical indicators. Whether you are an experienced trader or just starting out TradingView is for all levels of users. You can customise your workspace, save chart layouts and even join a community of traders to share ideas and strategies.
Is TradingView Plus worth it?
TradingView Plus is great value for traders and investors. The platform has everything, user friendly interface and wide market coverage. You will get advanced charting tools, real time data and a large community of traders.
The Plus plan includes:
- Extended intraday data
- Multiple charts per layout
- Custom indicator templates
TradingView is very affordable. For newbies Plus has a gentle learning curve with powerful tools. Experienced traders will love the depth of analysis.
What is TradingView?
TradingView is a charting platform that has become very popular among traders. With over 60 million users it’s a leading resource for investment analysis and decision making.
The platform has tools for analysing stocks, ETFs, cryptocurrencies, futures and CFDs. You can get real time market data, apply indicators and create custom charts to predict price movements and find trading opportunities.
TradingView is available on multiple devices:
- Browser based application
- iOS and Android apps
- Desktop software
Features:
- Advanced charting
- Paper trading for risk free practice
- Fundamental data analysis
- Integration with popular brokers
Whether you are a new trader or experienced trader TradingView has everything you need to improve your trading strategy and make informed investment decisions.
Who is TradingView for?
TradingView is for active traders who focus on technical analysis of stocks and cryptocurrencies. If you are a day trader or swing trader looking to analyse price movements and find entry and exit points TradingView has the tools for you.
The user friendly interface is perfect for newbies to learn about indicators and develop their trading style. Experienced traders can use the advanced features and custom scripts to fine tune their approach.
Long term investors might find basic charting useful for occasional timing decisions but TradingView’s strength lies in it’s technical analysis capabilities for frequent traders across multiple asset classes including forex, futures and indices.
TradingView’s Essential Features
Chart and Analysis Tools
TradingView has a full set of charting and analysis tools. You can choose from 14 different chart types and over 20 timeframes to suit your trading style. The platform has over 90 drawing tools and 100+ pre-built indicators. You can also access over 100,000 community created indicators.
For technical analysis TradingView covers 70+ exchanges from 50+ countries. This means you have access to all market data.
Basic plan users have some limitations:
- 1 chart per layout
- 2 indicators per chart
- Limited drawing tools
Paid plans have more flexibility:
- Multiple charts per layout
- Increased indicator limits
- Full access to drawing tools
Market Screeners
TradingView’s screeners help you find trading opportunities across stocks, forex and cryptocurrencies. You can filter assets by various criteria including technical indicators.
Key screener features:
- Customizable filters
- Technical indicator based screening
- TradingView’s Technical Rating system
- Data export for further analysis
Basic plan limitations:
- Fewer filter options
- Limited data fields
Paid plans have:
- More filter criteria
- Extra data fields
- Increased export limits
Price and Event Notifications
TradingView’s alert system allows you to stay informed about market movements without having to constantly monitor. You can set server side alerts for price levels, indicator values or specific conditions.
Alert types:
- Price alerts
- Indicator alerts
- Drawing tool alerts
- Strategy alerts
Basic plan has:
- Limited number of alerts
- Standard alert options
Paid plans have:
- Increased alert limits
- More advanced alert features
Trader Network and Idea Sharing
TradingView has a active community where you can share ideas and learn from other traders. This social aspect of the platform is super valuable for improving your trading skills.
Community features:
- Trade idea sharing
- Discussion forums
- Follow other traders
- Learn new strategies and techniques
All plans have access to the community but paid plans have more interaction options.
Other Trading Tools
TradingView has more:
- Multi-asset support: Stocks, futures, forex, cryptocurrencies
- Global market coverage: Access to major indices and 50+ exchanges
- Broker integration: Connect with supported brokers for direct trading
- Cross-platform: Web, desktop and mobile apps
- Paper trading: Practice strategies without risking real money
- Enhanced watchlists: Keep track of your favorite assets
- Fundamental data: Get key financial metrics for stocks
- Backtesting: Test strategies with historical data
- Trade idea generation: Get trade ideas
- Chart export: Save and share your analysis
- Market heatmaps: See market trends at a glance
- Real-time news: Stay up to date with global news
- Earnings calendars: Track company events
While most of these features are available on all plans, paid plans have more access and functionality.
TradingView’s Speed and Reliability
TradingView’s performance and reliability is key for traders who use the platform daily. Many users find it to be reliable but it can vary based on your needs and trading style.
Alerts get mixed reviews. Some traders find it to be reliable especially for price based alerts. But others have experienced a few seconds delay for certain alert types which can be problematic for fast trading strategies like scalping.
Broker integration is a big feature, Interactive Brokers is one of the most popular among users. Being able to see positions and adjust take profit/stop loss directly on the chart is a big plus. But some traders note lack of trailing stops and occasional delay in order display as cons.
The platform has multiple subscription tiers:
- Basic (Free)
- Essential
- Plus
- Premium
Upgrading from the free plan is worth it for serious traders. The paid tiers have more layouts, more advanced charting tools and a more streamlined experience. The Basic plan is enough for beginners but experienced traders find value in the higher tier plans.
TradingView’s mobile app brings the platform to your smartphone and tablet. You can monitor markets, adjust positions and get alerts on the go. The app performance is similar to the desktop version but some advanced features may be limited on mobile.
For those who want to automate trading or custom indicators, TradingView’s API and scripting capabilities are powerful. You can create custom studies, backtest strategies and even integrate with external systems. But keep in mind that using these advanced features requires some programming knowledge.
Live trading on TradingView depends on your broker and the level of integration. Not all brokers are supported but the platform is adding more and more. Check the list of supported brokers to see if your broker is available.
To optimize TradingView:
- Have a stable internet connection
- Use a device with enough processing power
- Limit the number of open charts and indicators for smoother experience
- Update the software regularly to get the latest optimizations
Keep in mind that your experience with TradingView may vary based on your trading needs, hardware and internet speed. Many users find it reliable for their trading but it’s always good to have backup systems for critical trading.
TradingView Cost: How Much Will You Pay?
TradingView has multiple pricing options to fit your trading needs. You can start with the Basic plan for free which has the essential features. For more advanced tools you need to upgrade to the paid plans: Essential, Plus and Premium.
By paying annually you can save up to 17% compared to monthly billing.
The paid plans have more features like multiple charts per tab, more indicators and increased alert limits. As you go up the tiers you’ll get custom time intervals, advanced chart types and other premium tools.
For professional traders TradingView also has specialized plans with more features and support.
When you sign up you can try any paid plan risk free for 30 days. This way you can test the premium features before committing to a subscription.
Remember your trading needs may change over time. You can always start with a lower tier plan and upgrade later as your needs change.
TradingView Free vs Paid Plans
TradingView has multiple plans to fit your trading needs. The free version has basic charting tools and limited features, good for beginners or casual traders. You get real time data, basic indicators and one chart layout.
Paid plans have more features:
- Pro: Multiple charts, ad-free, extended trading hours
- Pro+: More indicators, custom time intervals, volume profile indicators
- Premium: Second-based intervals, enhanced alerting, priority support
You can try any paid plan for 30 days free. This way you can test the advanced features and decide if they’re worth the investment for your trading strategy.
TradingView Review: My Conclusion
TradingView Plus is the best value for most traders. It has the right balance of features and price.
With Plus you can use TradingView on multiple devices, open multiple charts at the same time and save more chart layouts. You’ll have up to 10 indicators per chart and 100 price alerts. These features are perfect for traders who use multiple technical indicators and want to monitor multiple assets.
The Essential plan is more affordable but limits you to 5 indicators per chart. This can be a restriction if you use combination of volume indicators, momentum oscillators and moving averages in your analysis.
Plus has 4 charts in one layout which is perfect for monitoring major indices or comparing different timeframes of the same asset. This feature is not available in the lower tier plans.
The Premium plan has more features but it’s mainly for professional traders or trading firms. For most individual traders these extra features are not necessary.
If you’re just starting out or have simple charting needs the Essential plan at $12.95 per month (billed annually) might be enough. It removes ads and is a decent upgrade from the Basic free plan.
If you want to take your trading to the next level without spending too much TradingView Plus at $24.95 per month (billed annually) is a great balance of features and price. It has the tools you need to do technical analysis and stay on top of the market.
Remember to consider your trading style and needs when choosing a plan. The right plan for you will depend on the number of indicators you use, how many assets you monitor at the same time and your alert requirements.
TradingView Pros and Cons
TradingView has something for all types of traders. You can choose from different plans to fit your needs and budget. It integrates with brokers and has customizable indicators so it’s adaptable to different trading styles. The social network is a big plus where you can connect with other traders and share ideas.
On the other hand TradingView has some drawbacks. The free plan has ads which can be annoying. While it excels in analysis it’s limited in trade execution. To get the best features you need to opt for paid plans.
TradingView has a 30-day free trial for all plans so you can try it risk free.
Is TradingView Worth It?
TradingView is a must have for all types of traders. Its user friendly interface, features and affordable price makes it the top choice in the trading community.
You’ll find TradingView has:
- Fast charts
- Huge indicator library
- Minimalist design for trading
- Plans for every need
Whether you’re new to trading or a seasoned pro TradingView has got you covered. It’s perfect for day trading with the speed and tools you need to make quick decisions.
Benefits:
- Used by millions of traders
- For beginners and pros
- Analysis tools
- Affordable
Try TradingView’s 30-day free trial and see for yourself. You might just change your trading approach and get the edge you need in today’s market.
Remember while TradingView is great for charting and analysis always use multiple resources in your trading strategies. Explore other tools and stay informed to make informed trading decisions.