TradingView Review & In-Depth 97 Point Comparison 2018

Easy to Use & Powerful Charting Software + 1st Class Global Data, Social Integration, FX, Crypto & Bonds. Is This Simply the Best Financial Market Charting Software Ever?

REVIEW OVERVIEW
Pricing & Software
Trade Management
Company Fundamentals Screening Integration
News Services & Social Integration
Technical Analysis – Charts, Indicators & Drawing Tools
Stock Systems, Backtesting & Robotic Trading (Automation)
Ease of Use

Highly Recommended for U.S.A. & International Investors & Day Traders who Value a Great Price and Insanely Good Fundamental & Technical Analysis. With Great Streaming News Engines and the Best Ease of Use you cannot go wrong.

Review Winner

TradingView –  Overall Review Winner 2018

TradingViewIt is really impressive that TradingView has stormed into the review winners section of our Stock Market Software Review in its first try. I now actively use TradingView every day, and it is a key tool in my portfolio.

With excellent social integration, chat, news and the ability to follow other investors and view and share trade ideas, combined with global stock exchange data TradingView are one of the global stock charting analysis leaders.

You can have TradingView for free, it is also a review winner for our Best Free Charting Software Review so you cannot go wrong.  However, there are limitations to the free version which mean an upgrade to a paid service can be worthwhile.

TradingView Pricing – 10/10

You can have TradingView for free, it is a review winner for our Best Free Charting Software Review so you cannot go wrong.  However, there are limitations to the free version which would warrant an upgrade to the higher level services.  In any case, TradingView is best in class in terms of price.

How Much Does TradingView Cost?

  • Free $0 – 1 Chart per Layout – 1 Device – 1 Alert – 3 Indicators per Chart – 1 Saved Chart Layout
  • PRO $9.95 US /mo – 2 Charts per Layout – 1 Device – 10 Alerts – 5 Indicators per Chart – Unlimited Watchlists
  • PRO+ $19.95 US /mo – 4 Charts per Layout – 2 Devices – 30 Alerts – Intraday & Extended Trading Hours Data
  • Premium – $39.95 US / mo – 8 Charts per Layout – 5 Devices – 200 Alerts – Top Customer Service – Unlimited Everything

TradingView Pricing Comparison Table

I would recommend going for the TradingView PRO+ at $19.95 per month or the Premium at $39.95 per month, the benefits are extensive including Priority Customer Support and unlimited everything.  I use the PRO+ version.

If you want the intraday spread charts & custom chats go for TradingView Pro+.  In any case, try it out completely Free and play around with it to see if you like it.

[Related Article: Save Money & Time With Our In-Depth TradingView Pricing Guide]

TradingView Platform –  10/10

TradingView runs on PC, Mac, Tablets, and Smartphones and requires Zero Installation, it simply works.  The Market data is huge, covering nearly all Stock Markets and it includes Stock, ETF’s Futures, Foreign Exchange & Bonds, all at no extra price, which means outstanding value for money combined with excellent support options.

Tradingview's Huge Market Data Coverage
TradingView’s Huge Market Data Coverage – Includes almost anything you need to know

Also, a huge benefit is that the Data Speed and Coverage are mind-blowing, covering literally every stock market on the planet and not just stocks but a lot more.

The TradingView Platform Is A Modern Cloud-Based Software Architecture

This architecture type means that there is no client software to download and install, and all the stock exchange data resides on the vendor’s servers in the cloud. The charting and visualization are all stored and computed in the cloud, and only the chart to want to visualize is streamed to your client device.

Incredibly Detailed TradingView Power Charting on my Smartphone
Incredibly Detailed TradingView Power Charting on my Smartphone

The positives of cloud-based technical analysis software:

  • Zero client installation – very quick setup
  • Zero data downloads and data management required on the local client device
  • All processing and storage is managed on servers in the datacenter
  • Seamless social network integration, communications and messaging between users
  • Cross-device compatibility (PC, Mac, Tablet, Smartphone)

The negatives of cloud-based architecture:

  • Back-testing and forecasting calculations and system development is limited
  • Privacy & security, the analyst’s work is visible to the software vendor
  • The speed of data and responsiveness of the application is dependent on internet bandwidth

If you want to learn from other traders and share ideas with others then cloud-based software is the way forward.  The simplicity of setup and cross-device compatibility are also deciding factors in choosing cloud-based platforms.

TradingView has the best implementation of cloud-based architecture on the market.

Is TradingView Real-time?

Yes for Pro, Pro+ & Premium members you will get the fastest dataflow possible with your data subscription.

TradingView Exchange & Market Data Coverage

Americas Exchanges

  • NYSE ARCA & MKT – New York Stock Exchange MKT and ARCA equities
  • NASDAQ – NASDAQ Stock Market
  • NYSE – New York Stock Exchange
  • OTC – OTC Markets
  • CME Group (GLOBEX, CBOT, COMEX, NYMEX) Futures
  • TSX – Toronto Stock Exchange
  • Bovespa –  Sao Paulo Stock Exchange
  • BM&F – Brazilian Futures Exchange
  • Argentina BCBA – Bolsa de Comercio de Buenos Aires
  • BMV – Mexico Stock Exchange
  • BVC – Bolsa de Valores de Colombia
  • BVL – Bolsa de Valores de Lima
  • TSXV – TSX Venture Exchange

European Exchanges

  • LSE – London Stock Exchange (UK and International Companies)
  • SIX – Swiss Exchange
  • BME – Bolsa de Madrid
  • Euronext – European Stock Exchange
  • GPW – Warsaw Stock Exchange
  • FWB – Frankfurt Stock Exchange
  • XETR – Xetra
  • SWB – Stuttgart Stock Exchange
  • MIL – Milan Stock Exchange

The Middle East & Asia Exchanges

  • BSE – Bombay Stock Exchange
  • NSE – National Stock Exchange of India
  • MOEX – Moscow Exchange
  • ASX – Australian Securities Exchange
  • NZX – New Zealand Exchange
  • NAG – Nagoya Stock Exchange
  • SGX – Singapore Stock Exchange
  • TFX – Tokyo Financial Exchange
  • TSE – Tokyo Stock Exchange
  • TOCOM – Tokyo Commodity Exchange
  • TWSE – Taiwan Stock Exchange
  • HKEX – Hong Kong Stock Exchange
  • BIST – Istanbul Stock Exchange
  • TASE – Tel Aviv Stock Exchange
  • SSE – Santiago Stock Exchange
  • EGX – Egyptian Exchange
  • BELEX – Belgrade Stock Exchange
  • BAHRAIN – Bahrain Stock Exchange
  • MYX – Bursa Malaysia Berhad
  • DFM – Dubai Financial Market
  • NSE – Nigerian Stock Exchange
  • IDX – Indonesia Stock Exchange
  • QSE – Qatar Stock Exchange
  • HSI – Hang Seng Indices
  • OSE – Osaka Stock Exchange
  • OMX – Nasdaq OMX Group
  • HOSE – Chi Minh City Stock Exchange
  • JSE – Johannesburg Stock Exchange
  • SZSE – Shenzhen Stock Exchange
  • Tadawul – Saudi Stock Exchange

What Can I Trade Using TradingView?

  • Stocks – tens of thousands of stocks, see above for exchange coverage
  • Forex (FX) Currencies – All the Major, Minor, Exotic currencies covered
  • Futures – Energy, Metals, Agriculture, Indices and even Interest Rates
  • Crypto Currencies – 26 including Bitcoin, Ripple, Ethereum, Bitcoin Cash
  • Bonds – 30+ Government Bond Types

Can I Trade Bitcoin on TradingView?

Theoretically Yes but only outside the USA. You can enable this with an account through a CFD Broker.  The reason I say theoretically is that CFD (Contracts for Difference) Brokers will not enable you to fill your Bitcoin Wallet, they will only enable you to have a virtual trade open with a selling price that “should” reflect the current market price.  It’s like buying a gold ETF, rather than buying actual physical gold.

Watch this Video Review of the Benefits of TradingView

[Related Article: How Do Technical Analysis Software Platforms Work?]

Trade Management Score – 8/10

With TradingView you get broker integration with CQG, OANDA, Poloniex and Forex.com Winner of Our Best US Forex Broker Review, you can place trades on charts and it will take care of Profit & Loss reporting and analysis for you.  They are adding brokers all the time and I expect soon the major global discount brokers to be available.

How to Paper Trade on TradingView?

When you are viewing a chart, click the BUY Button and you will be asked to select your broker.  Simply select Paper Trading.

Fundamental & Technical Scanning & Screening – 10/10

Another perfect 10 for TradingView as they hit the mark on Real-time scanning and filtering, and fundamental watchlists also.

The list of fundamentals you can scan & filter on is truly huge.  Any idea you have based on fundamentals will be covered.  They even have insane amounts of economic data like Federal Funds Rates and World Economic Growth, thanks to a connection to the QUANDL database.

Watchlists have fundamentals broken into Performance, Valuation, Dividends, Margin, Income Statement and Balance Sheet.  You can set the watchlist and filters to refresh every minute if you wish.

Powerful Screening Tools – Integrated into TradingView:

  • Stock Screener – See the example below to see how powerful and easy it is to use.
  • Forex Screener – shows by default the major and minor pairs and you can add exotic FX pairs.  You can filter on rising and falling fx pairs and even set alerts directly from the screener.
  • Crypto Screener – similar to the Forex Screener in power and flexibility.

TradingView Fundamental Stock Screening & Analysis

The TradingView Stock Screener Comes With 150 Different Filters
Screenshot: The TradingView Stock Screener Comes With 150 Different Filters

The TradingView Stock Screener comes complete with 150 fundamental and technical screening criteria, all the usual criteria are there such as EPS, Quick Ratio, Pre-Tax Margin and PE Ratio (forwards and trailing twelve months).  But it also goes deeps with more esoteric criteria such as the number of employees, Goodwill and Enterprise Value.

Another great thing about the screener implementation is that is is very customizable, you can configure the column and filters exactly how you like it.  As you can see above I have changed the overview screen to include the number of employees, P/E, and EPS TTM.

Forex Screener Implementation

What makes TradingView unique here is the availability of screeners for chart patterns and setups for foreign exchange pairs.  This makes it very valuable for day traders searching for volatility and using leverage.

The TradingView Forex Screener Is Nicely Implemented
The TradingView Forex Screener Is Nicely Implemented

In the Forex screener, we can compare performance and volatility together will help you to narrow down the list for currency traders.

Cryptocurrency Screener Implementation

The ability of TradingView to also provide crypto screening is quite unique.  They have also included a rating filter.  In the screenshot below you can see a technical rating for the crypto pair.

The TradingView Cryptocurrency Screener Has A Very Nice Rating System
The TradingView Cryptocurrency Screener Has A Very Nice Rating System

The rating system enables you to select the crypto’s rated as “strong sell” to use as candidates for a short trade, and strong buys as candidates for long trades, this will save you a lot of time.

Try This Interactive Example of TradingView Fundamental Screening & Analysis

TradingView has a very slick system and they have put a huge amount of thought into how Fundamentals integrate into the analytics system.

What makes TradingView stand out is the huge selection of economic indicators you can map and compare on a chart. For example, you can compare the Civilian Unemployment Rate versus the growth in Company Profits for the U.S.A.  This is incredibly powerful.

Moving Averages Ribbon - Beautifully Implemented In TradingView
Moving Averages Ribbon – Beautifully Implemented In TradingView

News & Social Media Integration Score – 9/10

TradingView is built with social at the forefront and it is simply the best to socially share and learn, forget StockTwits, Tradingview is the best.  Fully integrated chat systems, chat forums and an excellent way to share your drawings and analysis with a single click to any group or forum.

Follow me on TradingView for regular market and stock analysis ideas and commentary.

This makes for an excellent way to generate trade ideas or learn from other traders.  You have to try it and see it in action to understand the power of the implementation.  However, I always warn be careful of who you listen too, you should always make up your own mind.

They have also thoughtfully integrated a Kiplinger newsfeed, Stocktwits, and various FX newsfeeds.  With a social first development methodology, combined with powerful economic statistics and a solid newsfeed it is a great package.

As soon as you connect to TradingView you realize this is also developed for the community.  You can look at community trade ideas, post your charts and ideas and join limitless numbers of groups covering everything from Bonds to Cryptocurrencies.

Video & Trade Ideas Implementation

Video & Idea Publication
Video & Idea Publication

TradingView have the concept of ideas.  This is where the community can submit ideas about a specific stock or group of stocks to the community.  Their published ideas can then be rated and the authority of the submitter will then grow.  With the powerful social media integration, you can also publish your ideas simultaneously to the TradingView community, Twitter & StockTwits

They have also in 2018 implemented Video Ideas so that contributors can record a video with the touch of a single button and submit to the community.

The news feeds are fully integrated, including Kiplinger, DailyFX, Futures Magazine, FXStreet, and StockTwits.  Add that to the social network and you have a great solution.  The news service is only second to MetaStock with their Reuters Feeds.

Technical Analysis Score – 10/10

With over 160 different indicators, and unique specialty charts such as LineBreak, Kagi, Heikin Ashi, Point & Figure and Renko, you have everything you will need as an advanced trader, day trader or swing trader.  I have the Premium membership and with that, you also get Level II insight, fully integrated.

TradingView also has an exceptional selection of drawing tools including tools unavailable on other platforms such as extensive Gann & Fibonacci tools. 65 drawing tools and hundreds of icons for your charts, notes, and ideas.

So, why does TradingView score so highly and rank as our 2018 trading software winner?

1. Automatic Stock Chart Technical Analysis Indicator Rating

Most people do not want to learn the in-depth details of how each indicator works.  This innovation allows you to save time, by getting an instant readout of which indicators are bullish, bearish or neutral.

This is really well implemented because there are 2 key types of technical analysis indicator, moving averages based on price and oscillators based on price and or volume.  The screenshot below shows a stock I have help for a 50% gain over the last 4 months, and it is quite accurate based on my observations.

TradingView has implemented an innovative automatic technical analysis rating system, which accurately suggests if an indicator is Buy, Sell or Neutral
TradingView has implemented an innovative automatic technical analysis rating system, which accurately suggests if an indicator is Buy, Sell or Neutral

When you view a chart, you can simply click on “Technicals” and you are presented with 3 gauges. Left shows the oscillating indicators like relative strength, stochastics, and Average Directional Index.  On the right, you have a selection of Moving Averages, Simple, Exponential and even Ichimoku Cloud.

Each indicator is then averaged out to give an overall Buy, Sell or Neutral Rating.

This is an excellent implementation of automated technical analysis designed with the user in mind.

TradingView Charts In Action – Try It Here

Example: AAPL Apple Stock Chart with RSI & Ichimoku Cloud.


Try this to assess if AAPL is expensive or cheap at the current Share Price.

  1. Select the Indicator Button on the Top Bar
  2. Select Fundamentals
  3. Select Price/Earnings (PE Ratio)

Now you can see if Apple is cheap or expensive compared to its historical Price Earnings Ratio. That’s how easy it is to use tradingView.

2. Advanced Charts

I was incredibly impressed with the offering of Kagi, Heikin Ashi and Renko Charts including Point & Figure and Line Break.

Also, the user community has developed indicators as exotic as Moon Phase (see chart below).

With this selection of charts, you have everything you will need as an advanced trader.  Plus, with the Premium membership, you also get Level II insight, fully integrated.  Well done TradingView.

TradingView - Insanely Beautiful Charts, with a massive selection of indicators. This Chart Feature Moonphase and Darvas Boxes
TradingView – Insanely Beautiful Charts, with a massive selection of indicators. This Chart Feature Moon phase and Darvas Boxes

Did I mention the charts are fast and beautiful?

Also, for the power technical analyst, they have also implemented Darvas Box, Elliot Wave and Point & Figure Charts. All round an excellent package.

3. TradingView Alerts on Indicators & Drawings

TradingView alerts are immediate notifications when the market meets your custom criteria. For example, “Alert me if Netflix crosses $200 up”. You can place alerts on Indicators, Prices or even trendlines, it is extremely flexible. All users can get visual popups, audio signals, email alerts, and email-to-SMS alerts. A Premium plan holder can additionally get real-time server-side text message (SMS) alerts, delivered directly to his / her phone.

Systems, BackTesting & Automated Trading Score – 7/10

Good but not perfect.   TradingView has an active community of people developing and selling stock analysis systems and you can create and sell your own.  Also, there are a huge number of indicators and systems from the community for free.

The only things you cannot do are forecast and implement Robotic Trading Automation.  For that, you would be better off with QuantShare.

For the back-testing element of the TradingView offering, there is a huge selection of systems that you can pick off the shelf and back-test using the strategy tester.  You can also implement your own using the PINE Editor, but you will have to learn the proprietary coding for that.

Beware, if someone found the magical formula, they would not be giving it away for free in a public marketplace.  They would be selling it for BIG DOLLARS to Wall Street Investment Banks.

Usability Points – 20/20

Within 5 minutes I was using TradingView, no credit card, no installation, no configuring data feeds, it was literally just there.

TradingView - Price & Software WinnerTradingView is up and running with a single click.

Click on the TradingView logo on the left and it will be instantly running. 

It does not get easier than that.

Even better is the fact it is already configured for use.  All controls are intuitive and the charts look amazing.  It is quite a feat that it is so easy to use considering TradingView has so many data feeds and backend power.

 

97 Point TradingView Service Data Sheet

Data SheetTradingView
Pricing & SoftwareTradingView
Monthly End of DayFree
Pro $9.95
Pro+ $19.95
Monthly Real TimePremium $39.95
Customizable Data Feeds
Customer Service & EducationExcellent
PC
For MAC
Tablets Smartpones
Market Data CoverageGlobal
Data SpeedExcellent
Stocks
ETF
Mutual Funds
Futures
Forex
Bonds
Pricing & Software Score10
Trade Management
Broker Integration Stocks
Place Trades from Charts
Live Position P&L
P&L Analysis
Trade Management Score8
Fundamental Scanning & Screening
Real Time Scanning & Filtering
Fundamentals Scanning
Watch Lists with Fundamentals
Extended Economics Fundamentals (New)
Fundamental Screening Score10
Multiple Charts Per Desktop
Bar Line HLC Candlestick
Point & Figure
EquivolumePremium
OthersKagi, Heikin Ashi, Renko, Line Break
Indicators
Bollinger Bands
Directional Movement
Ichimoku Cloud
MACD
Momentum
Money Flow
Moving Averages
Parabolic SAR
Rate of Change
Relative Strength / RSI
Stochastics
Custom Indicator Development
Volume
Darvas Box
Elliot Wave
Total Number of Indicators160+
Drawing Tools
Trend Lines
Pitchfork
Automated Alerts
Technical Analysis Score10
News & Social
News Feed
Real-Time News Feed
Economics & Deal NewsKiplinger Futures
Market Commentary
Community Chat
News Score10
Systems & Backtesting
System Marketplace
Create Customizable Systems
Back Testing Point & Click
Back Testing Programmatic
Systems & Back-Testing Score7
Setup & Usability
SW Setup10
Ease of Use Score10
Usability Points20/20

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