Best for US & International Stock Traders Who Value a Huge Social Community, Great Price & Excellent Technical Analysis & Backtesting Tools. TradingView is Easy to Use Yet Incredibly Powerful, Covering Nearly Every Stock Exchange on Earth.
|TradingView Test Results & Rating||4.6/5.0|
|Pricing & Software||★★★★★|
|News & Social Trading||★★★★✩|
|Technical Analysis & Charting||★★★★★|
|Backtesting & Auto Trading||★★★★✩|
TradingView Review Summary
TradingView combines charting, screening, and backtesting into an innovative technical analysis trading platform. TradingView’s cloud-based software covers Stocks, Forex and Cryptocurrency & Bonds for nearly every exchange on the planet. With a 10 million active social community, TradingView is a complete solution for traders globally.
What is TradingView?
TradingView is a cloud-based Stocks, Forex & Cryptocurrency technical analysis platform combining charts, screening, and backtesting. TradingView has a social community of over 10 million people sharing trading ideas & strategies, so it is an excellent place to connect and learn. TradingView has global exchange data and competitive pricing.
I actively use TradingView every day as a vital 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 is one of the worldwide stock charting analysis leaders.
- 10 Million User Community, Perfect For Learning
- Trading From Charts
- 1st Class Screening & Chart Analysis
- All Stock Exchanges Globally
- 100,000+ User Generated Strategies
- Very Cost Effective Solution
- The Best Usability & Setup
- Flexible Backtesting with Pine Script
- Deep Backtesting Limited
- No Offline Usage
- Not the Best for Value or Dividend Investors
TradingView vs. the Competition
|Global Market Data||✔||✔||USA||USA|
Benefits of TradingView vs. the Competition
TradingView separates itself from the competition by offering a complete Stocks, Forex, Futures, and Cryptocurrency trading portfolio. It covers all global markets and has the largest active social trading community. While it does have stock screening, the Stock Rover & TC2000 screening is better, and Metastock has more powerful backtesting tools.
TradingView Pricing Plans ★★★★★
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 the 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
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.
TradingView Pricing vs. Competition
|Key Features||Free Version||Recommended||Premium||Best|
|MetaStock||✘||$22 /mo||$99 /mo||$99 /mo|
|TC2000||✔||$29.99 /mo||$29.99 /mo||$89.99 /mo|
|TrendSpider||✘||$47 /mo||$47 /mo||$77 /mo|
As you can see, TradingView is a price leader in every category, but ultimately it depends on what you are looking for. If you want the intraday spread charts & custom charts, 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 ★★★★★
TradingView runs on PC, Mac, Tablets, and Smartphones and requires zero installation; it simply works. The market data is vast, covering nearly all stock markets. 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.
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.
TradingView’s Platform 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.
The positives of cloud-based technical analysis software:
- Zero client installation – rapid setup.
- Zero data downloads and data management required on the local client device.
- All processing and storage are 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 are 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 stock analysis on the market.
Is TradingView Real-time?
Yes, TradingView does provide real-time exchange data if you subscribe to the Pro, Pro+, or Premium services. Subscribers will get the fastest dataflow possible with your data subscription. While these services provide real-time data, there may be an additional cost from the exchange.
Which Stock Exchanges are Included with TradingView?
TradingView pulls in data from 16 American stock exchanges, the 9 exchanges covering Europe, and 30 exchanges in Asia. In addition to that, TradingView also covers all major cryptocurrency exchanges, bonds, foreign exchange, commodity futures markets.
The Middle East & Asia Exchanges
What Can I Trade Using TradingView?
- Stocks – tens of thousands of shares; 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 allow 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.
Candlestick Pattern Recognition ★★★★★
In 2020 TradingView introduced Candlestick Pattern Recognition as a core component of the platform, which means you do not have to pay anything extra for a plugin; it is simply there. Because TradingView has a Free tier of service, it means you get Candlestick Analysis completely free. You can see that pattern recognition is intelligently implemented (in the image below).
The Bearish Engulfing (BE) patterns are highlighted in Red, with an arrow pointing downward, suggesting that this candle is actually a bearish sign. You can also observe that the Doji (D) patterns are grey and pointing upwards, indicating a possible change of price direction.
Finally, I really like the fact you can, however, your mouse over the pattern, and you get a full and detailed explanation of the pattern and what it means.
TradingView App Test ★★★★★
- Android Play Store Rating: ★★★★
- Our Service Rating: ★★★★★
TradingView is at the cutting edge of HTML5 development, which simply means, whatever device you use, TradingView on will be visually perfect due to the incredible responsive software design. This means you do not need to sync your data across devices; it is already there. Tradingview is the software I use every day, and because it is geared around social interaction, learning, and community ideas, it is a fabulous place to be.
TradingView, of course, does have an app on the Play Store with a 4 Star Rating.
Ok, the software is excellent, but what are the benefits of TradingView?
Everything you get on the desktop you get on mobile and tablet. In summary, the highlights are:
- Powerful stock charting with a vast selection of indicators, chart types, and drawing tools
- Fully functional stock screener integrated into the fabric of the application.
- A social investing first approach means it is better at social than Twitter or Stocktwits, real trading communities, and a fantastic flow of trading ideas.
- The exchange data coverage is simply breathtaking, covering nearly every stock exchange on the planet, including stocks, ETF’s, Forex, and Cryptocurrencies.
You can trade directly from charts with TradingView; the broker integration is with CFD brokers like OANDA, Poloniex, or CQG. Forex.com, our award-winning USA foreign exchange broker, is also integrated. TradingView also has a paper trading option, which makes it ideal for beginners to practice their trading.
For these reasons and many more – TradingView wins again. Prices start at FREE, but I recommend the PRO package at $9.95 per month or optimally the PRO+ at $19.95 per month.
Trading With TradingView ★★★★✩
With TradingView in the USA, you get great broker integration with TradeStation for Stocks and Forex.com (A Great Currency Broker for US Clients). In Europe, you have integration FXCM and Saxo Group for currency and CFD trading. You can place trades directly from charts, and it will take care of profit & loss reporting and analysis for you. The only thing it does not cover is Stock Options trading. I expect the major global discount brokers soon to be available.
How to Paper Trade on TradingView?
TradingView has implemented paper trading by default for all of its subscription plans. So you can paper trade for free with TradingView. When you view a chart, simply click the BUY Button and be asked to select your broker. Choose the option called Paper Trading.
TradingView Stock Screener ★★★★✩
TradingView does an excellent job of making screening for stocks simple. My testing shows it excels at screening for technical indicators, providing Real-time scanning and filtering. You can scan & filter on over 150 fundamental criteria. Any idea you have based on technical analysis will be covered. TradingView even has vast amounts of economic data such as 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.
TradingView’s Screening Tools:
- 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.
- Cryptocurrency Screener – similar to the Forex Screener in power and flexibility.
TradingView Stock Screener Tested
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 more in-depth with more esoteric criteria such as the number of employees, Goodwill, and Enterprise Value.
Another great thing about the screener implementation is that it is very customizable; you can configure the columns 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.
TradingView Forex & Cryptocurrency Screeners
What is unique here is the availability of screeners for chart patterns and setups for TradingView foreign exchange pairs. This makes it very valuable for day traders searching for volatility and using leverage.
In the Forex screener, we can compare performance and volatility together will help you to narrow down the list for currency traders.
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 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.
What makes TradingView stand out is the vast 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 USA. This is incredibly powerful.
TradingView News & Community ★★★★✩
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.Connect on TradingView
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 to; 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 robust 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
TradingView has the concept of ideas. This is where the community can submit thoughts about a specific stock or group of shares to the community. Their published views 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 implemented Video Ideas so that contributors can record a video with the touch of a single button and submit it 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.
TradingView Chart Analysis ★★★★★
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 data and 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.
Is TradingView is Worth It?
Yes, and most people agree that TradingView is the best global financial market analysis software available for retail traders because it does everything really well. The stock charting analysis is excellent; screening is powerful, backtesting is easy, the trading community is enormous, and the price is low.
3 Reasons Why TradingView is Worth the Money:
1. Automatic Stock Indicator Ratings
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 two critical types of technical analysis indicators, moving averages based on price and oscillators based on price and volume. The screenshot below shows a stock I have held for a 50% gain over the last four months, and it is entirely accurate based on my observations.
When you view a chart, you can simply click on “Technicals,” and you are presented with three gauges. The left gauge shows the oscillating indicators like relative strength, stochastics, and the 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.
2. TradingView 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.
Did I mention the charts are fast and beautiful?
They have also implemented Darvas Box, Elliot Wave, and Point & Figure Charts for the experienced technical analyst. 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 incredibly flexible.
All users can get visual popups, audio signals, email alerts, and email-to-SMS alerts. A Premium plan holder can also get a real-time server-side text message (SMS) alerts delivered directly to his / her phone.
TradingView Backtesting ★★★★✩
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 massive number of indicators and systems from the community for free.
The only things you cannot do are forecasting; for that, you would be better off with MetaStock.
TradingView Strategy Tester – Backtesting
TradingView has an active community of people developing and selling stock analysis systems, and you can create and sell your own with the Premium-level service. Also, there are a vast number of indicators and systems from the community for free.
They have implemented backtesting straightforwardly and intuitively. In the image below, I have implemented an in-built strategy called “Slow Stochastics,” which initiates a trade when the stochastics indicators are oversold and sells when stochastics is overbought.
I like that in a few clicks [strategy tester -> Add Strategy], you have results. You can also tweak the strategy parameters, as you can see above, and observe the results.
The backtesting results reporting is excellent; the tabs show you the profit performance of the strategy, including:
- Net Profit
- Buy & Hold Return
- % Profitable Trades
- Number of Trades
- Charts on trade performance, and much more.
I have even implemented my Stock Market Crash Detector strategy into TradingView; I am no developer, but the Pine Script language is so natural, anyone can do it.
TradingView’s Market Replay
TradingView also has market replay functionality, enabling you to play through the timeline and show you the chart scrolling and the trades executed; it is so simple and yet powerful to use. All buy and sell orders are drawn on the chart and highlighted—all in all, a great package that is included in the free version.
The only things you cannot do is forecast and implement Robotic Trading Automation, but that is typically what broker integrated backtesting tools perform.
TradingView Usability ★★★★★
Within 1 minute, I was using TradingView, no credit card, no installation, no configuring data feeds; it was literally just there. 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 easy to use, considering TradingView has so many data feeds and backend power.
TradingView 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.
TradingView Review Summary
TradingView combines charting, screening, and backtesting into an innovative technical analysis trading platform. TradingView’s cloud-based software covers Stocks, Forex, and Crypto& Bonds for nearly every exchange on the planet. With a vast active social community, TradingView is a complete solution for traders globally.