TradingView Review

TradingView is a leading technical analysis platform. But is it worth the subscription fee? Read on to find out.

TradingView is a premier platform that offers charting tools and a social network for traders and investors. Its subscription plans offer a wide range of features that can help you find profitable trading opportunities.

However, a lot of these features are offered in the free plan. So, would a monthly subscription be worth it?

In this review, learn about the key features along with the pros and cons of TradingView's Plus plan and see if a subscription would fit your needs.

What Is TradingView?

TradingView is a market-leading technical analysis charting platform used by more than 60 million traders and investors.

It offers a wide range of trading tools and allows the trading of various assets. It also has an active community of traders with whom you can exchange trading ideas.

Who Is TradingView Best For?

TradingView is best for:

• Traders who rely on technical analysis
  
• Beginner traders who want to study the charts
  
• Traders who want to backtest a strategy
  
• Traders who are looking for a trading community
  
• Investors who want to know the best point of entry

Who Should Skip TradingView?

If you're a trader or investor who primarily relies on fundamental analysis, you should probably skip TradingView. You won't benefit from a lot of the tools it offers.

You should also skip TradingView if you're a long-term investor. You might not need the advanced charting and real-time data that TradingView offers.

Pros and Cons

Pros

• Key features are offered free on its Basic plan
  
• Has an active trading community
  
• Paid plans have a 1-month free trial

Cons

• Trading alerts are sometimes not sent on mobile
  
• There is a delay of a few seconds in the market movement

Pricing

There are 4 types of plans for a retail trader in TradingView: Basic, Essential, Plus, and Premium. While some traders earn well even with the Basic plan, some benefit from upgrading their accounts.

Here's a breakdown of the four plans's major features:^[1]

• Basic: Free
  
• Essential: $14.95/month or $155.40/year
  
• Plus: $29.95/month or $299.40/year
  
• Premium: $59.95/month or $599.40/year

Most of the important features are paywalled, such as the Bar Replay, historical data, multiple alerts and indicators, etc. So, consider upgrading to paid plans if you think these are crucial to your trading analysis.

Are TradingView's Paid Plans Worth it?

Yes, TradingView's paid plans are worth it if you're an active trader who relies on technical analysis. All these extra tools at your disposal could help you earn back the subscription cost in no time.

Upgrading to paid plans to study the markets is a good idea. However, you must also consider the size of your trading account and how profitable you are to remain practical.

The Essential plan can cost as little as $155.40/year. To break even, you need at least $1,560 in capital and a 10% annual investment gain. Of course, it'd be easier if you had bigger capital and gains.

Key Features of TradingView's Paid Plans

At TradingView, you can do sufficient trading analysis through its free features alone. But in the Essential plan, there's Bar Replay, no ads, and up to 20 price and technical alerts. Its 5 indicators per chart are also decent if you have a simple trading plan.

If you're using Intraday Renko, Kagi, Line Break, Point & Figure charts, you need to upgrade to the Plus plan. In this plan, there are more indicators per chart, chart layout, and alerts. You can also start exporting data.

But when you need all the data and features you can get, upgrade to the Premium plan.

Charting Tools

TradingView is known for its Supercharts which is regarded as one of the best charting platforms in the world. Here are some of the charting tools that you'll get in Supercharts:

• 400+ built-in indicators and strategies
  
• 100,000+ public indicators
  
• 110+ smart drawing tools
  
• 20+ chart types
  
• 20+ default timeframes (or custom timeframe for Premium plan holders)

The main difference between the free plan and the paid plan is the number of charts that can be opened on a single screen. The free plan lets you open 1 chart, while the paid plans allow up to 8.

Being able to open multiple charts on a single screen is extremely beneficial if you're doing multi-timeframe analysis. With one look, you can see the trend across different timeframes. Each opened chart can have varied timeframes and indicators. You can also customize the timeframes and range bars with all the paid plans.

Bar Replay

TradingView's Bar Replay lets you see historical chart data as if it were being streamed live, allowing you to make realistic decisions during backtesting and simulation.

You can control the auto-replay speed however you'd like, or you can manually forward the data feed. This is perfect for traders who want to test a new trading strategy risk-free.

Technical Analysis

Aside from common indicators such as Moving Averages and Fibonacci, TradingView also offers strategies like MACD, Channel Breakout, and RSI to help you spot trade entries and exits.

Auto-pattern recognition features in TradingView will also help you spot trends and reversals. These include chart formations like Bearish and Bullish Flags, Head and Shoulders, and candlestick patterns like the Hammer, Shooting Star, and Marubozu.

Plus, you can code your own custom indicators or automate your trades using Pine Script, TradingView's programming language.

You can also explore the 100,000+ public indicators created by other users. Browse through the popular scripts or editor's picks. These include custom indicators or visualization of other methods such as Monte Carlo, Ehlers Loops, or Ichimoku.

TradingView's free plan gives you most of the trading tools available on the paid plans. The main difference is the number of indicators you can use on one chart—free plans let you use only 2, while paid plans offer up to 25.

Alerts

TradingView's alerts are server-side, so even if you're offline, you'll still get notifications via pop-up or push notifications, emails, or SMS on your device.

You can set alerts for a specific price, indicator, drawing, or trading strategy. Once triggered, you'll be notified. TradingView's paid plans offer up to 400 price and technical alerts.

Screeners

TradingView offers a unique screener for each product: stocks, forex, ETFs, crypto, and bonds. Among its features is a technical rating that tells you if an asset is a "Strong Buy" or a "Strong Sell."

You can use these screeners to filter the market based on your chosen parameters, such as income statement details, performance, dividends, valuation, margins, or oscillators.

Each screener has a unique set of filters. For example, you'd also find sentiment data in the crypto coins screener. This data includes the number of Telegram subscribers and the number of positive or negative tweets on X.

Those who are subscribed to Premium can export chart and screener data, which is saved to a CSV file.

Fundamental Data

You'll like this feature if you use fundamental data alongside your technical analysis. TradingView offers a visualization of fundamental data from balance sheets and income statements on a chart.

When you open a stock chart, you can add figures like revenue or dividend yield to a chart window. This lets you analyze market performance after company news or earnings announcements.

Community

Join a community of over 60 million traders and investors on TradingView, where you can improve your trading skills. Learn from its four main sections: Trade Ideas, Education Ideas, Video Ideas, and Pine Script Tutorials.

At Trade Ideas, you can read an analysis of a specific asset written by other users. And if you want a visual explanation of the charts, just browse through Video Ideas.

With Education Ideas, you'll learn valuable skills, from risk management to best practices in trading. As a trader, you need to master not only the technicalities but also the psychological aspects of investing to make better decisions.

Join group chats for your chosen market to connect with other traders easily. You can participate in as many or as few of these chats as you like. You can also send private messages if you want to discuss something one-on-one.

Assets

Aside from being a user-friendly technical analysis platform, TradingView is known for its wide range of assets and markets.

TradingView supports over 2 million instruments from all over the world. It provides direct access to 100+ global stock and futures exchanges, 50+ major crypto exchanges, global currency pairs, and worldwide indexes.^[2]

TradingView also supports other assets such as government and corporate bonds, ETFs, and economic indicators like GDP.

Market Data

TradingView displays free real-time US stock data from the Cboe exchange. You can subscribe separately to a primary exchange like NASDAQ to get even more accurate real-time data.

You can buy just one data feed or a bundle. For example, the US Stock Markets bundle contains access to 5 data sources: NASDAQ, NASDAQ GIDS, OTC MARKETS, NYSE, and NYSE ARCA.

If you're already subscribed to real-time data through your broker, just link your trading account. Verification time for supported markets is up to 7 days.^[3]

News

TradingView has a News feature that streams the latest news from media outlets like Reuters, Cointelegraph, and InvestorPlace.

There's also the Snaps feature. This gives you the latest news from stocks and crypto traders who have posted snapshots.

Educational Content

TradingView provides streams of educational content and trade ideas from the community. You can watch videos if you want to learn more about a trading strategy or a trading style.

There are also videos for live trading and market analysis from trading experts.

Broker Integration

TradingView has over 50 brokerage connections: OANDA, FOREX.com, Interactive Brokers, Webull, TradeStation, Tradovate, StoneX, Gemini, and more.

These connections let you integrate your preferred broker with TradingView, allowing you to trade directly from the platform after analyzing the charts.

Other TradingView Features

Here are the other notable features of TradingView:

• Chart data export
  
• Backtesting
  
• Paper trading
  
• Sparks (TradingView's curated watchlist)
  
• Heatmaps
  
• Gainers and losers summary
  
• Community trends
  
• User-friendly interface
  
• Website, desktop, and mobile app

TradingView User Interface

TradingView is known for its user-friendly interface. It's packed with technical analysis tools, yet it is still easy to navigate and beginner-friendly.

Its mobile app offers almost everything that the website and desktop platform provide, allowing you to easily manage your trades on the go. You can even sync your charts so you don't have to repeatedly add drawing objects while charting.^[4]

Is TradingView Secure?

Yes, trading through TradingView is secure. Technically, TradingView is a technical analysis platform, but you can trade here if you choose to integrate your broker.

If you choose to integrate your broker, it will go through a secure, encrypted API that does not share your data with third parties. So, TradingView won't have access to or store your personal login information, such as your username or password.

As for customer complaints, they are pretty responsive to those filed on their BBB page, especially if they are related to incorrect charges or refunds.

While TradingView is not a perfect platform, some users who have been with them for a long time appreciate the upgrades they have made over time based on feedback provided through discussion boards like Reddit.

Customer Support

Unfortunately, TradingView doesn't have a public number or email. Paid plan users, can get support from TradingView's Customer Success team by submitting a support ticket and selecting a category of concern. From there, you'll be asked a series of questions to pinpoint your specific concern.

User Testimonies

Here are some user testimonies from users of TradingView, reviewed on Trustpilot:

Alternatives to TradingView

Not sure if TradingView is the right fit for you? MetaTrader 5 or Ninja Trader may be good alternatives.

MetaTrader 5

MetaTrader 5 is also a technical analysis trading platform with highly customizable graphs. It offers 38 technical indicators, which is much less than TradingView's 100.

MetaTrader 5 also offers a range of timeframes. The shortest one minute timeframe is available, while TradingView offers timeframes as short as one second.

Both MetaTrader 5 and TradingView allow the trading of a wide range of assets like cryptocurrencies, indices, commodities, currencies, and stocks.

NinjaTrader

Like TradingView, NinjaTrader offers a wide range of charting options. It has over 100 indicators, analytical features, and tools. NinjaTrader also lets you create your own technical indicators.

It also has a replay feature for backtesting strategies and a large community of traders with whom you can discuss trade ideas. You can also trade a wide range of assets.

Bottom Line

TradingView can be an extremely useful technical analysis platform, especially if you're an active technical trader. Its paid plans are particularly useful if you're doing multi-timeframe analysis.

If you want to try it out, there's a free plan that offers some of its key features. It's limited, but it's good enough to try out the indicators, timeframes, and drawing tools.

There's also a one-month free trial for its paid plans, letting you experience the full range of tools and services TradingView offers.

References