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TradingView Review

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TradingView Review

Are you looking to gain an edge when you trade crypto and stocks? Are you a more visually inclined learner who appreciates charts, tools, and other indicators? Then TradingView might be the right place for you. Today we’re going to take an in-depth look at the platform and tell you why it might be the right place to start (or continue) your trading journey. 

 

This review covers: 

  • What is TradingView?
  • Pricing Plans 
  • Features 
  • Pros and Cons 

TradingView Chart Preview

What is TradingView?

TradingView is an online stock picker and screener that is suitable for both novice and experienced traders. It includes a variety of cloud-based charting tools for research and allows users to communicate and interact with other online traders. The platform was launched in June 2012 as a social trading platform with its own programming language, allowing users to modify charts and indicators. 

 

Due to its level of customization and flexibility, it remains a popular option among active traders and financial software firms. It has some of the features that you’d expect any trading chart to have (e.g., candles, fundamental stock metrics, etc.). Still, then it also has a slew of user-friendly tools that allow traders to draw, type, and customize charts in ways that are unheard of on other platforms. 

 

More than ten million traders and investors use TradingView. The platform allows you to connect and learn with individuals from all around the world. It also implies that you should proceed with caution and discernment as you would with any other online social media site. Take whatever steps are necessary to secure your personal and financial information. 

 

Use my exclusive code to get $30 off for every friend you refer once they upgrade to a paid plan. 

Pricing Plans

TradingView Plan Pricing

TradingView offers four account options, one of which is free, and the others are premium. Monthly, annual, and every two years, billing options are available. A 30-day free trial is included with each premium subscription. TradingView’s fees are significantly lower than those of some of its rivals. 

 

Basic (Free): The basic account can get you started whether you’re a novice or just want to explore how TradingView works. There are only a few features. On one device, you receive one chart per layout and one alert with three indications. However, you may still use the social community, global data, and economic earnings calendar. You just do not have any customer support. 

 

Pro: You have a bit more control over your stock research with the pro account, but you still only receive one chart per layout and can only use one device at a time. 

 

You get ten alerts and five indicators per chart with the pro pricing, but you don’t get frequent customer assistance or SMS messages. However, you will enjoy an ad-free experience as well as access to the social media network. 

 

You’ll pay $14.95 each month if you pick a month-to-month membership. The cost of a one-year subscription is $155.40 (equivalent to $12.95 per month). You’ll pay $238.80 every 24 months ($9.95 per month) for a two-year membership. 

 

Use my exclusive code to get $30 off for every friend you refer once they upgrade to a paid plan. 

 

Pro+: $19.95–29.95 per month: $24.95 per month for a one-year plan; $19.95 per month for a two-year plan. Pro+ offers quicker customer support and additional notifications and the ability to utilize up to four chart layouts, connect to two devices at once, and save up to ten chart layouts. This price plan, however, does not include SMS alerts. 

 

Intraday Renko, Kagi, Line Break, Point, and Figure charts are available with this design. Intraday spread charts, longer trading hours, and the option to build bespoke conversations are just a few of the other features available. 

 

You may choose to subscribe monthly, yearly, or biennially, just as with the Pro plan. If you prefer to pay on a month-to-month basis, the monthly fee is $29.95. A one-year subscription costs $299.40 per year ($24.95 per month), while a two-year subscription costs $478.80 per year ($19.95 per month). 

 

Premium: $39.95–59.95 per month: $49.95 per month for a one-year plan; $39.95 per month for a two-year plan. All of the TradingView features are available with the premium plan. Eight charts per layout, five devices at once, 200 alerts and 25 indicators per chart, and unrestricted access to indicator templates, improved watch lists, and stored chart layouts are all available. You’ll also get priority customer service. 

 

On a month-to-month basis, the price is $59.95 per month, $599.40 ($49.95 per month) for a 12-month membership, and $958.80 ($39.95 per month) two years.

Features 

TradingView Features

As with most subscriptions, the higher the price tier, the more features you get. Given the range of pricing that TradingView has, there are features for anyone regardless of experience level. There are many options, so if you’re a new user, things can get a little overwhelming. However, for the most expert traders, the programming language may be something you want to play around with to maximize the trading chart experience that TradingView is known for. 

 

Screening Tools

Using TradingView’s extensive stock screeners to find your next investment opportunity is reasonably straightforward. Features like market capitalization, price, exchange, volume, sector, and even expert rating may all be used to sort stocks. TradingView offers separate screeners for both the forex and cryptocurrency markets, and there are dozens of other screening criteria accessible.

 

Proprietary Programming Language

On TradingView, you may use our built-in scripts, the user-published scripts in the Public Library, or Pine Script to create bespoke scripts.

 

This is all focused on TradingView’s own programming language, dubbed “pine script,” that traders use to develop indicators and alerts. You may also browse TradingView’s extensive scripts library, where you can see and download scripts developed by other users. The bulk of accessible scripts are open-source. That means users may work with them without restriction and change the code as needed. 

 

TradingView Script Library

The TradingView script library has over 100,000 unique scripts, which you may filter by categories like volume indicators, moving averages, oscillators, and more. 

 

Drawing Tools 

All plans have access to more than 50 smart drawing tools. Lines and trends, geometric forms, patterns, and annotations are among them. These tools are the bread and butter of technical analysis. The markets are subject to ups and downs. Whatever the market’s direction, TradingView can assist you better grasp the technical elements of the markets.

Pros 

TradingView offers a large number of research tools. Whatever form of market analysis a trader does, they will require tools to complete the task efficiently. Traders cannot do everything alone and require certain instruments to complete specific tasks to get through the day. Traders on this platform get access to a seemingly infinite amount of research and documentation. 

 

The analysis tools cover both stocks and crypto. Unlike some trading platforms that only offer chart tips and tools for just traditional stocks (Apple, Microsoft, etc.), TradingView also offers advanced screening tools for fiat and digital currency. 

 

There are free subscriptions for basic plans and features. Fortunately, users don’t have to purchase a paid plan to access the TradingView platform. They can get into the platform for free and unlock features that aren’t very complicated but enough to get you started on your trading journey. Plus, all users are eligible to get a free plan for their first 30-days. 

Cons 

The most significant disadvantage is that most big brokerages are still not directly connected with TradingView, so you’ll have to conduct trades with your preferred brokerage individually. 

 

Another disadvantage is that you can’t trade from within the platform. That’s what makes the company’s integrations with other exchanges so important. Otherwise, traders have several steps they have to go through to use the charts and information that makes TradingView renowned. 

In Conclusion

TradingView offers one of the most customizable solutions for traders on the market. It’s flexible because it offers a wide range of prices and an array of features that serves the entire crypto market, from advanced traders that make their trading scripts using the proprietary programming language Pine Script to someone trading for the first time. With a user base of 10 million that is growing by the minute, this platform will continue to gain mass appeal. 

 

We’d like to see more integrations with other platforms, so users don’t have to continue using this service for research and another exchange for actual trading. 

 

Use my exclusive code to get $30 off for every friend you refer once they upgrade to a paid plan. 

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