Trading is known as one of the most competitive industries, which is why it’s important for traders to equip themselves with tools, knowledge, analysis, and software. One of the best platforms for trading tools is TradingView. But is TradingView good for your specific needs? We will answer that below. Continue reading this TradingView review for more information on the features, plans, and how to use it. 

What Is TradingView? 

TradingView is a platform featuring an advanced charting system, ideal for all investors and traders, whether they are beginners or advanced. It was founded in 2011 by Constantin Ivanov, Stan Bokov, and Denis Globa, known for creating MultiCharts.

Following the success of MultiCharts, TradingView was made as a web-based version. It also came with social features, allowing traders to communicate and learn from each other. TradingView is mainly for technical analysis and comes with custom scripts, professional data feeds, and other tools.

The TradingView software is mostly used by traders to predict short-term price movements and profit from them. The platform can handle thousands of trading strategies and technical indicators. It also allows you to chart securities from around the world, covering over 1.3 million instruments. These include stocks, futures, ETFs, forex, and cryptocurrency. 

Who Is TradingView Best For? 

The TradingView platform is suitable for active traders who want to perform technical analysis on a wide range of securities. It’s a versatile and customizable platform that can also be used by long-term investors who want to do basic charting and swing traders, but it’s best for active traders.

It’s also suitable for anyone who wants a free trading tool for financial market analysis, as it comes with a pretty generous free plan.

Whether you’re an active trader or a long-term investor, you might be wondering, is TradingView worth it? Let’s get into the features and offerings and find out.

Key Features and Offerings 

Depending on the TradingView packages that you choose, there are different features to expect. The platform is packed with tools while maintaining its easy-to-navigate interface. Here are some of their key features.

Charting 

TradingView has comprehensive charting tools; this is the main reason why most people invest in this platform. It offers extensive charting and analysis capabilities, including different chart types, time frames, trading insights, and technical indicators. You can even choose between light and dark mode to view your charts.

On the TradingView Essential plan, you get two charts per tab, while Plus offers four charts. Then, TradingView Premium offers eight charts per tab, and each chart has different stock symbols, technical indicators, and time frames. 

Plus subscribers on TradingView can export their chart data and set custom time intervals from one minute to monthly charts. Then, the Premium plan allows second-based time intervals. Users can use live trading tools and broker integrations to trade directly. 

If you’re using the TradingView Desktop, you get more flexibility and speed since it supports native multi-monitor use and allows traders to create different tabs for their charts. If your system has six monitors, you can create six different layouts to visualize data and charts.

The TradingView multiple charts include bars, candles, hollows, columns, lines, area, baseline, high-low, line break, heikin ashi, kagi, renko, point & figure, and range charts. As for the time frames, they range from 1-second to daily, weekly, or monthly frames.

Fundamental Data 

One of the highlights of TradingView is the fact that you can visualize fundamental data on a chart. For instance, you can view income statements, cash flow metrics, balance sheets, and statistics on different kinds of charts. Simply open the chart and add the statistics. It makes it easier to understand how the market is performing.

Drawing Tools 

All TradingView price plans come with 90+ drawing tools, which include lines, trends, geometric shapes, annotations, and patterns. You can choose any tool you need to understand the trading markets better. 

Trading Indicators 

There are hundreds of trading indicators available on the TradingView software, from your usual moving averages and VWAP to more advanced options like candlestick pattern recognition, auto trendlines, and volume profile Indicators. 

Aside from that, TradingView allows its users to code custom indicators using their scripting language. The platform has more indicators than other technical analysis tools. If you search for the best TradingView indicators Reddit, some of the top options, according to users, are SuperTrend, Laguerre Multi Filter, Price Action, Moving Average, and Lorentzian Machine Learning.

Server-Side Alerts 

Another feature on the TradingView platform is the server-side alerts. If you want to serve price alerts at particular levels on your favorite securities, you can use these alerts in a few clicks. The free plan supports one alert. 

On the Essential plan, you get 20 price alerts, while the Plus plan offers 100 price alerts. The TradingView Premium plan features 400 price alerts. You can also set alerts on particular prices, trading strategies, indicators, or drawings. Once the alert is triggered, you get a notification. 

Screeners 

TradingView features an integrated stock screener, crypto screener, and forex screener. The screeners can be used to scan the market based on different factors, including performance, dividends, income statement details, oscillators, valuations, margins, balance sheet figures, and others.

You can also receive TradingView screener alerts. The screeners work on the following time frames: 1m, 5m, 15m, 30m, 1h, 2h, 4h, 1d, 1w, and 1m. You can filter the results and add alerts or export your data to a CSV file. 

Heatmaps 

On all TradingView account types, you can get features like crypto heatmap and stock heatmap. These allow you to visualize the securities that are gaining and declining the most. For instance, you can show a heatmap for performance in the past four hours. 

You can also filter your heatmaps based on financial figures like the daily volume number of employees, market capitalization, and dividend yield. It can visualize the biggest gappers, relative volume ratios, and most volatile stocks. 

Paper Trading Simulator 

A helpful feature you get on the TradingView desktop and mobile platform is the paper trading simulator. Paper trading allows you to simulate trading decisions by carrying out buy and sell orders without real money. With simulated trading, you can test new trading ideas and strategies.

The starting balance is $100,000, and you can reset it at any time using your Account Settings. It also allows you to customize open positions and new orders. At the bottom of the TradingView.com chart, there is a list of open orders and positions. Open orders can be customized directly on the chart and trading panel.  

Broker Integration 

On all the TradingView account types, traders will receive different brokerage platforms. You can connect your TradingView account with the brokerage trading platform and then trade directly. Some of the brokerage connections supported via API include Interactive Brokers, Eightcap, Capital.com, Tradovate, FOREX.com, FXCM, TradeStation, Pepperstone, OANDA, SAXO, WH SelfInvest, easyMarkets and more.

Backtesting 

The TradingView software also offers different tools for backtesting. Backtesting is a method that traders use to check if a strategy will be profitable or a waste of time. 

For instance, you can use the Bar Replay feature and set the start point for backtesting. The Bar Replay allows traders to simulate trades based on historical price data. Another option is the Strategy Tester, which allows traders to run automated strategies in the Pine Script programming language. The Premium users get a free replay on any time frame. 

News 

TradingView allows its investors to stay up to date with the latest news in the stock and crypto markets. The platform has a feature called Snaps, which shows market news from users in snapshot forms. 

Another feature is the News Flow, which combines the latest news from outlets like Reuters, Seeking Alpha, and InvestorPlace. You can stay up to date with different investment categories like stocks, forex, futures, crypto, indices, bonds, and the global economy. The TradingView blog offers information on the platform and its features. 

TradingView Community 

When looking at TradingView reviews, one of the popular comments is its community. The TradingView community features thirty million monthly users, consisting of financial experts, investors, and traders. From beginners to advanced investors, anyone can learn from each other’s trading strategies, exchange ideas, and discuss the latest trends. 

TradingView also organizes live streams for informational and educational purposes. The community benefits would help you level up your trading skills. There are also different resources to teach risk management techniques, macro trading, different trading styles, and more. You can also learn about soft skills like discipline in trading. 

Real-Time Data on Markets 

When using TradingView on multiple devices, you can receive real-time data for free on different financial markets like stocks, forex, and cryptocurrencies. All you have to do is verify your account and connect to your broker. But keep in mind that they can only give real-time data when the exchange regulations allow them to do so.

Some of the exchanges require a monthly fee for real-time tick data, and you would get delayed data for free. If you want to see all the trades and transaction data in advance, you should subscribe to the exchanges on TradingView like Nasdaq, NYSE, Arca, CME Group, and OTC Markets. 

The exchanges available include:

• North American: 16
• European: 31
• Middle East/African: 9
• Asia/Pacific: 34
• Mexico/South American: 9

All this data is available for free with delayed data feeds. Some of these real-time data are free, while others come with monthly fees as low as $2 to $10.

Also, keep in mind that TradingView does not make any profits with the market data. According to the regulations of these exchanges, TradingView can only remit the fees to the individual exchange. The paid TradingView plans can be used to subscribe to real-time data. 

TradingView Pine Script

Pine Script is a programming language that was created by the TradingView software. This language can be used to create trading tools and custom indicators. The Pine Script language is lightweight, so you can create your tool with only a few lines of code. 

You can use Pine Script to make backtesting trading strategies, custom trading tools, custom indicators, alerts, proprietary indicators, add indicators to charts, create strategies, and perform technical analysis. Although Pine Script is an easy-to-use programming language, it is highly abstract, so it might be hard to use until you understand some concepts.

The Pine Script is available in the TradingView free plan, but there are some limitations. You cannot use some of the advanced features. It’s easy to create and edit Pine Script on your TradingView plan. To create a new script, follow the steps below:

1. At the top right of the Editor, click on Open.
2. Select one of the Templates. 
3. Choose a New Indicator, New Strategy, or New Library.

Then, if you want to edit the Pine code on another page, you can:

1. Click on More at the top of the Editor.
2. Choose Open the Pine Editor in a New Window or Open the Pine Editor in a New Tab. 

TradingView Plans and Pricing 

TradingView features a free plan and three paid plans, which include Essential, Plus, and Premium. The Essential and Plus plans were initially TradingView Pro and Pro+ but have been changed. Although it’s possible for you to use charting tools on the free plan, you would probably face a price wall after a while.

This TradingView plans comparison table explains the most important features of the plans. 

Keep in mind that the annual pricing allows you to save two months. Also, you can start with the TradingView free trial for 30 days to understand how the platform works, or skip the trial and pay immediately. The TradingView cost per month is more expensive than the annual cost.

The TradingView Essential plan is an ideal entry-level paid plan, as it is ad-free, offers powerful trading tools, and gives access to the social network. It’s suitable for those who want to spend a low TradingView cost. You can open two charts per tab, save up to five chart layouts, and use custom time intervals. Also, the Essential plan supports stock screener features like auto refresh and data exports. Plus, it includes fast data flow with over 50 exchanges. 

Next is the Plus plan, which allows you to open up to four charts per tab and save ten chart layouts. The TradingView Plus plan will unlock more chart types like line break, renko, point & figure, and kagi. The intraday charts are based on custom formulas, and the chart data can be exported. You can export your data and use up to 100 alerts. 

Finally, the Premium plan is the highest TradingView fee, offering access to all the TradingView features. You also get first-priority support, an unlimited number of saved chart layouts, and eight charts per tab. One of the highlights of this plan is the seconds-based time intervals, and up to 25 indicators per chart are allowed. Users can also set up to 400 alerts. 

Essential vs. Plus TradingView Plan 

A popular comparison for those considering TradingView subscriptions is Essential vs Plus. The Essential plan comes with all the basic tools, while Plus is more suitable for experienced traders as it features advanced charting and analysis tools. You can use the TradingView trial to test out the plans before paying for them in real life.

For instance, the Plus plan allows users to connect to up to two devices at a time, use four chart layouts, and save up to ten chart layouts. It also offers faster customer service, more alerts, and the opportunity to buy real-time data.

If you are still new to trading and you need a TradingView plan that offers distraction-free trading and enough charts, indicators, and intervals, you should consider the Essential plan. On the other hand, the Plus plan is suitable for day trading as it comes with intraday technical analysis for those who want to take their trading game to the next level.

TradingView Professional Plans

TradingView features professional plans that are ideal for professional traders, including Expert, Elite, and Ultimate plans. They cost $199.95, $349.95, and $499.95 per month, billed annually. These plans are suitable for those who trade professionally, and they come with features like professional market data, second-based intervals, invite-only scripts, and financial data export. 

Is TradingView Free Plan Worth It? 

TradingView offers a free plan for those who are starting out, as it comes with essential tools like basic charting, paper trading, and price alerts. The free plan is suitable for beginners and would also provide technical indicators, the ability to save and share charts, and studies to apply to charts.

The main differences between free and paid plans are the ads, usage limits, and features. This Basic Plan comes with a lot of ad placements and would only provide you with essential features. It’s an ideal choice for beginner traders and those who want to try out the platform before using the free plan. 

Once you sign up for the paid TradingView subscriptions, you get more alerts, functionalities, data, and social network components. If you’re just getting started, you can try out the free plan. But, all the paid plans are available for investors on all levels. 

How to Subscribe to TradingView 

You can easily sign up for the TradingView data plans and get started with your trading journey. It’s important to consider the TradingView subscription cost before signing up, although you have a 30-day free trial to get started. 

1. Open the TradingView platform. 
2. Click on the Get Started icon at the top right corner of the screen.
3. Choose the plan that you want. You can select the free plan and simply click on Sign Up with no credit card required.
4. If you want to use the paid plans, you can select between Essential, Plus, and Premium. Click on the option to try for free or skip the trial.
5. Type in your email address and choose a username and password. 
6. You will receive a confirmation email. Click on Activate Account to activate it.

When signing up for this service, you can look out for different discounts. The discount codes are usually available on different platforms. You can test out all the features of the free plan before starting a paid subscription later on. The free trial would last for 30 days.

To pay for your TradingView subscriptions, you can use the major credit cards, Apple Pay, PayPal, and cryptocurrency. Then, for the mobile app, you can use payment methods supported by Google Play and App Store. You can cancel your plan at any time, but there are no refunds for monthly plans or first-time purchases. You can only get a refund after automatic deductions for annual payments.

It’s also easy to get a TradingView upgrade. If you’re using the Essential plan but want to move up to the Plus or Premium plan, you can upgrade your annual subscription. On the other hand, it’s easy to downgrade the current plan to a lower one. 

TradingView App Review

TradingView features a downloadable app that can be used on Android and iOS devices. If you don’t want to use the TradingView on PC, you can download the app that is compatible with iOS 14.0 or Android 7.0 or later. 

Knowing the TradingView app review is important before you download it and sign up. The app comes with detailed charting, market research, and analysis. It also offers updated information and real-time data from 50+ exchanges from around the world, including the United States, the Middle East, Russia, Asia, and Europe.

The TradingView app offers its users over ten types of charts for market analysis. Most of the features and tools for the desktop version are available on mobile. There is also a TradingView desktop app that is faster and more synched than opening the site on a default browser. 

Setting up your charts on the TradingView app is pretty easy, and the platform allows you to switch to different charts and adjust your indicators. But, since the mobile app is on a smaller screen, it might not be as clear as on the desktop. There is also a news and ideas tab on the app where you can follow the latest trends in the market. 

What Online Reviews Say About TradingView

It’s essential to look at TradingView reviews before you sign up on the platform. Due to their quality features, TradingView has received positive reviews on different review websites.

On TrustRadius, TradingView scores 9.1 stars out of 10, with most of the reviews praising the ease of use and multiple features.

As for G2, TradingView.com reviews praised the platform, as it got a 4.6 rating from 50 reviews. The platform was praised for being a fast and readable analytical tool.

But on TrustPilot, the software has a 2.2 rating from 682 reviews. Most of the negative reviews are due to the slow customer service, confusing policies, and the negative attitudes of the members of the community.