TradingView Review

TradingView Review

TradingView is a very popular and powerful charting platform that is designed for traders and investors of all experience levels. They provide cloud-based charting and social-networking software so that anyone can quickly and easily conduct detailed market research and analysis to help aid them with trading decisions. TradingView is available free of charge on desktop and on all iOS/Android compatible devices through the relevant app store. The main goal of the company is to provide you with the best place to analyse markets.

In this comprehensive TradingView review, we will take a look at what exactly it is, how it works and how you can implement it withing your daily trading activities. Hopefully, you will then be able to decide if it is something that you would like to use as part of your trading strategy. Without further ado, let’s get stuck in!

What is TradingView?

TradingView is an advanced and sophisticated all-in-one charting platform and social network that has helped over 30 million traders and investors make informed trading decisions across different markets including forex, stocks, indices, commodities, cryptocurrencies, precious metals, energies and more.

It is packed with all of the tools, features and functionalities that are needed for conducting thorough in-depth market analysis to spot trading opportunities across global markets, with relative speed and ease.

You can use the TradingView platform to follow your favourite assets, find trading ideas, chat with others, spot trends, and place trades directly on our charts.

Whatever your experience level, TradingView is likely to make your online trading a more pleasurable experience. It is user-friendly enough to educate new traders whilst it has tools to satisfy the needs of even the most demanding traders.

TradingView Platforms

TradingView is available as a web platform that runs directly in most modern web browsers without needing to download or install any additional software.

TradingView Web Platform
TradingView Web Platform

You can also download the TradingView app for your smart devices if you also want the convenience of accessing charts whilst on the go.

TradingView Mobile App
TradingView Mobile App

There is also the TradingView desktop app which can be download from the official website and has the complete functionality of the charting software.

TradingView Desktop Platform
TradingView Desktop Platform

TradingView Charts

TradingView has some of the world’s best charts. They are an industry leading service when it comes to financial markets charting software. The charts they provide are intuitive and fully customisable to suit individual trader needs.

TradingView Charts
TradingView Charts

It doesn’t matter if you just want to check the latest price of a stock or perform detailed price action analysis using complex algorithms, TradingView has got a solution for nearly every aspect of charting that you could imagine.

Multiple Chart Types

TradingView supports 12 chart types, including Renko charts, Kagi charts and Point & Figure charts. All of the TradingView charts are fully customizable.

Multiple chart tabs

You can set up to 8 charts per tab and synchronize trading instruments, timeframes and drawings. This makes for an extremely flexible and versatile charting setup.

Custom timeframes

TradingView can display charts in any possible timeframe, ranging from seconds to range bars and more.

Bar Replay

The bar replay feature is one of my favourite aspects of TradingView. It allows the user to rewind markets and watch with user-defined speeds and resolution. If I am studying a new trading strategy, I will often look at it over historical data to get an idea of possible entry and exit signals. The bar replay feature is perfect for doing that.

Spreads

You can create your own custom formulas using complex mathematically calculations.

TradingView Markets

The TradingView platform maintains consistent connections to hundreds of data feeds with direct access to forex, stocks, major indices, futures, cryptocurrencies, and contract for differences (CFDs).

  • 90+ Exchanges from all over the world with real time data
  • 40+ Most popular cryptocurrency exchanges
  • 100+ Financial metrics to choose from

Whilst there are other trading platforms that provide market connectivity such as MetaTrader, TradingView adds financial and alternative data to the mix, along with professional news and economic calendars to ensure that users can get a depth of coverage not usually available on any other commercial platform.

All extra real-time and intraday data for exchanges — NASDAQ, NYSE, NYSE ARCA, OTC, CME, etc. — are available to be added on separately to your account. To add exchanges, you need to be a Pro, Pro Plus, Premium or a trial member.

TradingView Technical Analysis

Technical analysis involves the use of technical indicators to try and establish in which direction the markets are heading. Some traders rely on one or two trading indicators to give them buy or sell signals, others rely on a combination of three, four or even more.

Generally speaking, the more technical analysis that is done, the more filters a trading signal will have. Whilst some argue that this can lead to analysis paralysis, others may argue that the more confirmation they have of a possible trade opportunity, the better.

When it comes to technical analysis, TradingView is up there with the very best in my humble opinion. The TradingView platform comes with hundreds of pre-built studies, including more than 50 intelligent drawing tools along with a set of trading tools for in-depth market analysis, covering the most popular trading concepts, and some of the more obscure.

TradingView Technical Analysis
TradingView Technical Analysis

You can perform chart analysis using over 100+ popular indicators such as the moving average envelopes, Bollinger bands, relative strength index, stochastics, MACD and many more. If you think that is impressive, the TradingView community has a ridiculously huge selection of 100,000+ community-built indicators.

  • 100+ prebuilt most popular indicators
  • 100,000+ community-built indicators
  • 50+ smart drawing tools
  • Volume Profile indicators
  • Candlestick patterns recognition
  • Multi-timeframe analysis

TradingView Fundamental Analysis

I often say this and I will continue to do so – I honestly think that fundamental analysis is overlooked way too often. Especially when it comes to beginner traders who are too busy being occupied looking for the holy grail indicator.

For me, fundamentals are extremely important as they are a massive part of what moves the market. If you are not aware of the news, you might not be prepared for volatile market conditions.

We all know that trader who is still crying over a huge stop loss that occurred because they placed a trade seconds before a major economic release. If you don’t know who they are, I am sure you know the trader whose trade did not get executed because they are apparently using a scam broker who is trading against them. Nothing to do with the slippage caused by extreme market volatility is it? No, always the brokers fault according to them. //sarcasm.

Fundamental analysis involves the analysing of economic factors that can have an impact on the underlying market. It is usually conducted by looking out for news releases that can cause market movements. An economic calendar can be a useful tool to stay on top of the latest market news. You should be able to filter news according to the market, impact, previous results, forecasted results and actual result.

If you don’t follow the news, please try not to complain so much when a news release swallows you up. Of course, there are those instances when there is an unexpected news release. I am sure we can all sympathise with that particular scenario.

TradingView Fundamental Analysis
TradingView Fundamental Analysis

Anyways, TradingView can be used for comprehensive financial analysis. They have an extensive volume of fundamental data for all major stock exchanges.

  • 100+ fundamental fields and ratios
  • Financial statements
  • Valuation analysis
  • Historical data you can apply right on the chart
  • Worldwide coverage

TradingView Signals

Let’s be honest, nobody really wants to sit around all day long getting back pain whilst straining their neck and eyes. That’s where trading signals can come in handy. If there is a buy or sell signal based on your chart analysis, TradingView can send you an alert.

Thankfully, this means that you do not need to be at your machine all day and go about your daily business whilst it does all of the hard work for you. It doesn’t even matter if you aren’t near your machine when a trading signal happens. You could just place and manage trade positions directly from your mobile phone using a trading app.

TradingView Trading Signals
TradingView Trading Signals

The TradingView Trading alerts are very powerful, flexible and easy to use. This ensures that when there is a valid signal, all of the bells and whistles will go off so that you never miss a trading opportunity. The signals are cloud based, available on any device and powered by the Pine Script.

Pine Script

Pine Script is a programming language for traders that was created by TradingView. The purpose of Pine Script is to allow traders to develop and share their own trading indicators and strategies with other users. Most of TradingView’s built-in indicators have been coded in Pine.

Pine Script Logo
Pine Script Logo

One of the key benefits of the Pine Script, is its simplicity. The code is very minimal, with just a few lines of code capable of achieving what it would take hundreds of lines of code to do in some other programming languages.

Pine Script Example
Pine Script Example

What’s more, the TradingView community has a vast selection of prebuilt custom indicators, with over 100,000 currently available and more being added on a daily basis. If you have an idea you want to code in Pine Script, there is a chance it may already be done and readily available for you to use. Otherwise, you could take the time to code it yourself or outsource it to another helpful soul within the TradingView community.

It is important to be way that because each script uses computational resources in the cloud, TradingView do impose limits in order to share resources fairly among users. This is primarily to ensure that the platform continues to run smoothly so that nobody is negatively affected by scripts that consume a significant amount of resources.

If you are interested in coding a custom indicator or strategy in pine, there is some very helpful documentation available including step by step guides. The support team will be happy to answer any question that you may have whilst the community can also provide feedback and assistance on your ideas.

TradingView Brokers

Whilst TradingView can help you to perform superior market analysis, you will still need to place and manage the trades. They make this process easy with the integration support from various brokers.

TradingView Brokers
TradingView Brokers

Once you have had plenty of practice to master your trading strategy on a demo account, you can then trade directly in just a few clicks on the TradingView platform via supported, fully verified and user-reviewed brokers.

  • Trade directly on the charts using selected brokers
  • Practice trading on a demo account
  • Quick and easy trading
  • Read real broker reviews from verified customers

TradingView Social Network

In todays day and age, so many people waste time consuming pointless social media posts that offer no added benefit to their life. Wouldn’t it be great if there was a like minded community of traders who are all striving to become successful traders? That’s what the TradingView social network for your finance life can be.

The trading community allows you to get creative with the world markets by being part of the largest social network on the web for traders and investors from all backgrounds and of all different experience levels.

TradingView Social Network
TradingView Social Network

You will find a plethora of ideas and streams published on a daily basis along with endless possibilities to customize, publish and broadcast your market analysis and build a solid base of followers.

It is a great place to discover new ideas and share your own. You can research top trading ideas from across the community, or produce your own analysis and inspire others.

Don’t worry if you are shy, you can sit back and follow those who are kindly sharing with the community whilst minding your own business. Please note, there are no prizes for showing off and craving attention.

TradingView Streaming

If you are the more extrovert trader, TradingView is one of the leading streaming platforms for traders. You can broadcast your trading activity live, or publish analysis as a video idea.

TradingView Streaming
TradingView Streaming

TradingView Chat

Let’s face it, trading online can be lonely at times. Sat around all day waiting for a trade setup can get boring. The TradingView chat function lets you speak with traders from around the world so that you never trade alone again.

TradingView Chat
TradingView Chat

Just make sure they don’t district you too much! Keep that positive energy and outlook around you at all times, not just in trading but life in general. I would certainly not be taking any financial advice from the live chat, so make sure you understand that no matter how many people you talk to, it is you along that is responsible for your financial decisions. Don’t go blaming “basementtrader69” from the live chat because they said a meme coin was going to the moon and you believed them.

TradingView Stock Screener

Another great feature of the TradingView platform is the stock screener which allows you to scan and filter trading assets according to your own specific criteria. I mean, you might not necessarily want to know what the latest Disney stock news is if you are trading the GBP/JPY currency pair.

TradingView Stock Screener
TradingView Stock Screener

The stock screener tool lets you search for the cheapest companies making the most money, or which cryptocurrencies are performing best this month, and the screeners will show you exactly what is going on. You can choose to work them directly from the chart, or on a separate page – whatever you prefer.

  • World coverage: Across more than 90 stock exchanges
  • Three screeners: Find what you need in stock, crypto and currency pairs
  • 100+ filter fields: Covering both fundamental and technical analysis
  • Multiple timeframes: From one minute to one month
  • Server-side alerts: Instant notifications when symbol matches your criteria

Simulated Trading

You can practice trading online with a free demo account with virtual money or place live orders through one of the many supported brokers directly from the TradingView platform. Demo trading can be an excellent way to practice a trading strategy and see if it is something that you would like to use to reach your trading goals, before committing real funds.

TradingView Features

Now that we have covered what TradingView is and how it works, let’s take a look at some of the charting platforms key features.

  • Desktop, web & mobile apps
  • Multiple chart types
  • Fully customisable charts
  • Various financial markets
  • Technical analysis
  • Fundamental analysis
  • Trading signals
  • Pine Script
  • Create custom indicators & strategies
  • Trade direct from the charts
  • Broker implementation
  • Large trading community / social network
  • Live chat & streams
  • Simulated trading
  • Stock screeners
  • Various packages to choose from
  • Free trial
  • Lots of educational resources

TradingView Packages

There are various TradingView packages that to choose from, each catering towards different traders needs and individual requirements.

PayPal handles the payment processing. Acceptable payment methods include all major credit cards and PayPal accounts. You can also pay with crypto (BTC, ETH, BCH or LTC) for the annual paid plans only. Coinbase handles the crypto payments.

You can cancel your subscription at any time and it will not auto-renew after the current paid term. However, the paid service will remain active for the duration of the term that you have already paid for.

There are no refunds for initial orders and there are no refunds for monthly plans. Refunds are available only after an automatic deduction for annual payments and within 14 calendar days after the payment was made.

The current packages are as follows:

Pro Plan

This is the entry level plan that provides distraction-free trading and investing, with more charts, intervals and indicators. Key benefits of the Pro account include:

  • 5 indicators per chart
  • 2 charts in one window
  • 20 server-side alerts
  • Ad-free
  • Volume profile indicators
  • Custom time intervals
  • Multiple enhanced watchlists
  • Bar replay on intraday bars
  • $14.95 per month
  • $155 per year (save $24)
  • 30-day free trial

Pro+ Plan

This plan offers intraday technical analysis for day traders looking to take things to the next level. With the Pro+ plan, you get all the benefits of the Pro plan along with:

  • 10 indicators per chart
  • 4 charts in one layout
  • 100 server-side alerts
  • 2 devices at the same time
  • Intraday exotic charts
  • Charts based on custom formulas
  • Chart data export
  • Indicators on indicators
  • $29.95 per month
  • $299 per year (save $60)
  • 30-day free trial

Premium Plan

This is the top plan which offers the highest precision and maximum data to capture all possible market opportunities. It is the complete package which includes:

  • 25 indicators per chart
  • 8 charts in one layout
  • 400 server-side alerts
  • 5 devices at the same time
  • Second-based intervals
  • Alerts that don’t expire
  • 4x more data on charts (20K bars)
  • Publishing invite-only indicators
  • $59.95 per month
  • $599 per year (save $120)
  • 30-day free trial

Free Trial

You do not even have to commit to a paid package to begin with. You can get access to all of the TradingView advanced features for 30 days, completely free of charge.

About TradingView

TradingView was founded in 2011 when they set out to change the way people trade. They originally began in Chicago and made it their mission to build a place where anyone, anywhere, can succeed through trading the markets.

The company wanted to remove the need for overpriced trading terminals and be amongst the first completely browser-based, cloud-powered analysis platform for traders all over the world.

Since then, they have built one of the most popular social networks for traders and investors, powered by real-time data and market-leading analysis software.

Whilst trading is not easy by any stretch of the imagination, they provide the required trading tools and data required to help users find their way.

The majority of income generated by TradingView is through low cost monthly subscriptions and ads. Thus, they do not to incentivize traders to trade in order to make a commission.

You shouldn’t find any secretly hidden fees on the platform and they promise not to share your data with any hedge funds. Although if a hedge fund did want your data, that could be taken as a compliment, maybe, right, I don’t know.

TradingView Support

You can contact the TradingView support team via the online help centre. They have hundreds of help articles that cover everything from creating an account to using the platform. You will find answers to the most popular questions, quick tips, and advice on how to use TradingView via the Help Center. You can also reach them via various social media channels including Twitter, LinkedIn, Reddit and Facebook.

TradingView Support
TradingView Support

TradingView Conclusion

Putting together all we have discussed within this TradingView Review, I can quite confidently say that this is one of the best charting platforms I have even come across. Perhaps the closest charting software in terms of market analysis would be Autochartist. However, TradingView is more widely recognised and also has additional features such as enabling trading directly on charts.

TradingView has so many features and functionality, more than the average retail trader should need. There are plenty of charts, indicators and drawing tools. The pine language lets you create your own trading tools. You can scan instruments with the stock screener and set signal alerts.

The chart data comes direct from exchanges whilst the social networking aspect ensures you do not need to trade alone. Furthermore, you can create custom watchlists and practice trading on a demo account or by simulating historical data.

The cherry on the cake? You can even place trades directly to your broker account through the TradingView platform. What’s not to like.

Just keep in mind, TradingView is not a signal service. It isa chart analysis platform. You make your own trading decisions so please make sure that you are aware of the significant risks involved with trading online and never ever risk more than you can afford to lose.

If you want to find out more about TradingView and take advantage of the 30-day free trial, please feel free to head on over to the official website by using the link below.

TradingView

Free Trial
8.5

Functionality

8.5/10

Usability

8.5/10

Versatility

8.5/10

Features

  • Comprehensive charting platform
  • Desktop, Web & Mobile apps
  • Multiple chart types & timeframes
  • Fully customisable charting package
  • Lots of trading tools built-in
  • Detailed market analysis
  • Create custom indicators & strategies
  • Large online community
  • Stock screeners
  • Trading signal alerts