Is TradingView Still Worth It In 2023?

Is TradingView still the best in 2023? Our review testing rates TradingView 4.8/5.0 due to its powerful stock chart analysis, screening, backtesting, live trading, and a 13 million active user community. TradingView get our top recommendation for US and international traders.

Easy to use yet incredibly powerful, TradingView is our winner.

I have been using TradingView hands-on for five years and have developed strategies and indicators for TradingView. Unlike most reviewers on the web, I am a Certified Financial Technician with IFTA, and I use TradingView every day, so I can show you all the important benefits and limitations of the platform.

TradingView Review Test Results & Ratings

TradingView Rating	4.8/5.0
💸 Pricing & Software	★★★★★
🚦 Trading	★★★★✩
📡 Screening	★★★★✩
📰 News & Social	★★★★★
📈 Charts & Analysis	★★★★★
🔍 Backtesting	★★★★✩
🖱 Usability	★★★★★

TradingView Review Summary

TradingView has powerful backtesting, scanning, and charting software designed for stock, forex, and cryptocurrency traders. TradingViews’ 200 million user community makes it appealing to day traders and long-term investors. If you seek to implement detailed growth, income, or value investing strategies, take a look at our alternatives to TradingView.

TradingView covers all stock exchanges and is ideal for international stock traders wanting a platform that will grow with their needs. TradingView is easy to use yet powerful, covering nearly every stock, Forex, Commodity, and Cryptocurrency exchange on earth.

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 the worldwide stock charting analysis leader. TradingView excels not at being the best at everything but by doing everything very well.

TradingView Review: Key Features

⚡ Features	Charts, News, Watchlists, Screening
🏆 Unique Features	Trading, Backtesting, Community
🎯 Best for	Stock, Fx & Crypto Traders
♲ Subscription	Monthly, Yearly
💰 Price	$0-$59/mo
🆓 Free	Launch TradingView For Free
💻 OS	Web Browser
🎮 Trial	Free 30-Day
✂ Discount	-50% Discount
🌎 Region	Global

We independently research and recommend the best products. We also work with partners to negotiate discounts for you and may earn a small fee through our links.

What is TradingView?

TradingView is a popular trading platform with 10 million active traders using the service and ranked #65 in the world’s most visited websites. TradingView provides a great balance of charting, screening, and analysis for all stocks, indices, ETFs, and cryptocurrencies globally.

TradingView is a cloud-based market analysis platform combining charts, indicators, screening, strategy development, and backtesting. TradingView’s community shares trading ideas, indicators, and strategies, so it is an excellent place to connect and learn. I actively use TradingView every day as a vital tool in my portfolio.

TradingView Pros

• 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

TradingView Cons

• No Offline Usage
• Not the Best for Value or Dividend Investors
• No stock options features

TradingView Review Video

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★ Bonus: Sign Up For This Service & Get 5 Exclusive Investing Strategy & Research eBooks Valued at $99 ★

TradingView vs. the Competition

Comparing TradingView versus TrendSpider, MetaStock, and TC2000, our tests show that it is the best overall stock analysis software passing 10/11 tests. Only TrendSpider is better at automated analysis, and MetaStock is better for real-time news.

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 TradingView does have good stock screening for traders, the Stock Rover screening is better for long-term investors, and Metastock has more powerful backtesting tools.

TradingView Pricing

TradingView pricing starts at $0 for the Basic ad-supported plan, Pro costs $14.95, Pro+ $29.95, and Premium costs $59.95 per month. Opting for a yearly subscription will reduce those costs by 16%, representing a significant saving.

Pro+ is the most popular plan as it enables multiple devices and extensive features. Intermediate and experienced traders opt for the Pro & Pro+ plans. In contrast, only the most demanding traders would go for the Premium service because it enables publishing scripts, indicators, and strategies.

Compared to the competition, TradingView’s pricing is 20% to 60% cheaper because they have the scale, user base, and proven technology, making the TradingView package very attractive.

TradingView Pricing vs. Competition

Pricing	Free	Pro	Premium
TradingView	✔	$24.95 /mo	$59.95
MetaStock	✘	$69 /mo	$199 /mo
TC2000	✔	$29.99 /mo	$89.99 /mo
TrendSpider	✘	$44 /mo	$131 /mo

Table: TradingView vs. The Competition – Pricing

As you can see, TradingView is the 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+. Try it out completely free and play around to see if you like it.

Is TradingView Free?

Yes, TradingView is free, and unlike other stock charting software, you can perform stock analysis, screening, and read community ideas for no charge. However, the free tier is ad-supported, and you can only save one chart in a single workspace.

TradingView Plans & Feature Comparison

TradingView Basic is free and includes screening, charting, trading, scripting, and 3 indicators per chart. The Free plan is a great way to test the service, but it is also ad-supported, which can be annoying.

TradingView Pro costs $14.95/mo and is ad-free, including 2 charts per layout, 5 indicators per chart, 20 alerts, and enables access to the full social network. The Pro plan is ideal for beginner and intermediate traders wanting more flexibility.

TradingView Pro+ costs $29.95/mo and includes 10 indicators per chart, 100 alerts, and 10 chart layouts. Pro+ is for intermediate to demanding traders who want the best balance of functionality and price.

TradingView Premium costs $59.95/mo and targets experienced traders who want no limits on functionality and the ability to develop and publish indicators and trading strategies for their clients.

I use the Premium version to develop indicators, scripts, and strategies. Still, I recommend going for the TradingView Pro at $14.95 per month or the Pro+ at $29.95 per month as the benefits are extensive.

Is TradingView Pro Worth It?

Yes, TradingView Pro is worth it; it unlocks multiple indicators, charts, and alerts. It provides you full community access and enables more powerful technical analysis. If you value making better trading decisions, Pro and Pro+ are worth it.

How to get TradingView Pro for Free

You can get TradingView Pro, Pro+, and Premium for free. Simply sign up for a free trial with TradingView, and you will have full access to the Pro service at no cost for 30 days. This is the only way to get TradingView Pro for free.

[Related Article: Detailed Guide to TradingView Discounts & Pricing]

TradingView’s Platform

TradingView runs on PC, Macs, Tablets, and Smartphones and requires zero installation. The market data is vast, covering nearly all stock markets. It includes stocks, ETFs, Futures, Foreign Exchange & Bonds, all at no extra price, which means outstanding value for money.

TradingViews’s cloud architecture means 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 charts you want to visualize are streamed to your device.

If you want to learn from other traders and share ideas with others, 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. Some exchanges charge extra for real-time data, but TradingView’s real-time data costs are the lowest in the industry, charging only $2/mo per exchange, compared to competitors charging $10 to $15/mo.

Which Stock Exchanges are Included with TradingView?

TradingView pulls data from 13 Americas stock exchanges, 9 exchanges covering Europe, and 30 exchanges in Asia. In addition to that, TradingView also covers all major cryptocurrency exchanges, foreign exchange, and commodity futures markets.

TradingView’s Americas Exchanges

NYSE ARCA USA	Bovespa Brazil
NASDAQ USA	BM&F Brazilian Futures
NYSE USA	BCBA Argentina
OTC USA	BMV Mexico
CME Futures USA	BVC Colombia
TSX Canada	BVL Peru

TradingView European Exchanges

LSE UK	FWB Germany
SIX Switzerland	XETR Germany
BME Spain	SWB Germany
Euronext Europe	MIL Italy
GPW Poland

TradingView Middle East & Asia Exchanges

BSE India	EGX Egypt
NSE India	BELEX Seria
MOEX Russia	BAHRAIN Bahrain
ASX Australia	MYX Malaysia
NZX New Zealand	DFM Dubai
NAG Japan	NSE Nigeria
SGX Singapore	IDX Indonesia
TFX Japan	QSE Qatar
TSE Japan	HSI Hang Seng Hong Kong
TOCOM Japan	OSE Japan
TWSE Taiwan	HOSE Vietnam
HKEX Hong Kong	JSE Sout Africa
BIST Turkey	SZSE China
TASE Israel	Tadawul Saudi Arabia
SSE Chile

What Can I Trade Using TradingView?

With TradingView, you can trade stocks and indices globally and all the major and minor foreign exchange currencies. Additionally, one can trade energy, metals, agriculture futures, and all major cryptocurrencies.

• Stocks – tens of thousands of shares; see above for exchange coverage.
• Forex (FX) Currencies – All the Major, Minor, and 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. I say theoretically because 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

TradingView has introduced Candlestick Pattern Recognition as a core component of the platform. You do not have to pay anything extra for a plugin; you can even use Candlestick pattern recognition on their free Basic plan.

In the image below, you can see that pattern recognition is intelligently implemented.

The Bearish Engulfing (BE) patterns are highlighted in Red, with an arrow pointing downward, suggesting that this candle is a bearish sign. You can also observe that the Doji (D) patterns are grey and pointing upwards, indicating a possible price direction change.

I like that you can hover your mouse over the pattern and get a full and detailed explanation of the pattern and what it means.

TradingView App

The TradingView app has a 4.9/5 star rating on the Apple app store and a 4.8/5 rating on the Google Play store, meaning the mobile app is first class. TradingView’s app has limited functionality as it understandably favors simplicity.

If you want the full power of TradingView, you can simply go to TradingView.com on your mobile browser, meaning you do not even need an app for smartphones or tablets.

TradingView is at the cutting edge of HTML5 development, which means whatever device you use, TradingView will be visually perfect due to the incredible responsive software design.

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.

Trading With TradingView

With TradingView in the USA, you get great broker integration with TradeStation for stocks. In Europe, you have integration FXCM and Saxo Group for currency and CFD trading.

You can place trades directly from charts, which will take care of profit & loss reporting and analysis. The only thing it does not cover is Stock Options trading.

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.

Is TradingView Good for Day Trading?

Yes, TradingView is a good choice for day traders because it is designed for traders. Tight broker integration for making free stock trades with TradeStation, real-time exchange data, and powerful system development and backtesting tool make TradingView perfect for day traders.

TradingView Stock Screener

Testing the TradingView stock screener shows it excels at screening for technical indicators, providing real-time scanning and filtering on 172 metrics, including 42 financial filters. TradingViews stock screener includes a useful scan for technical buy and sell ratings.

TradingView has vast amounts of economic data, such as Federal Funds Rates and World Economic Growth, thanks to a connection to the Federal Reserve database.

TradingView’s screening watchlists have fundamentals data separated into Performance, Valuation, Dividends, Margin, Income Statement, and Balance Sheet. TradingView stands out with its charting of economic indicators, for example, comparing the civilian unemployment rate versus the growth in company profits.

You can set the screening watchlist and filters to refresh every minute if you wish.

TradingView’s Screeners

The TradingView stock screener comes complete with 160 fundamental and technical screening criteria; all the usual criteria are there, such as EPS, Quick Ratio, Pre-Tax Margin, and PE Ratio. 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 them. As you can see above, I have changed the overview screen to include the number of employees, P/E, and EPS TTM.

TradingView’s Forex Screener

TradingView’s Forex screener shows the major and minor pairs by default, and you can add exotic FX pairs. You can filter on rising and falling fx pairs and even set alerts directly from the screener.

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

TradingView’s Crypto Screener

The ability of TradingView to also provide crypto screening is unique. The Cryptocurrency rating system enables you to select the cryptos 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.

TradingView News & Community

TradingView is built with social at the forefront and is the best to socially share and learn; forget StockTwits; Tradingview is the best. TradingView’s fully integrated chat forum and publishing system are an excellent way to share your charts and ideas.

Check out my published ideas on TradingView and follow me for regular market and stock analysis ideas and commentary.

Connect with me on TradingView it’s free

TradingView presents 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. Just be careful of who you listen to; you should always make up your own mind.

TradingView has also integrated Benzinga, Reuters, and MT newswire feeds. 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.

The TradingView news service is only second to Benzinga Pro, and MetaStock with their Refinitv news feeds.

What is TradingView Reputation?

TradingView rates every user with a reputation score. Publish an idea on TradingView, means other TradingView users can comment and like your post. The act of liking your content increases your reputation score in TradingView, thus assuring other users of your trustworthiness.

TradingView Charts

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

Is TradingView Trustworthy?

Yes, TradingView is a trustworthy company and reliable trading software. TradingView has vigilant moderators and stringent controls on community content. I have been a demanding customer and partner of TradingView for five years and find the service extremely reliable.

Is TradingView Worth It?

Ten million active users agree that TradingView is worth it. TradingView is the leading global financial market analysis platform for traders needing powerful charting analysis, screening, backtesting, and a low price.

3 Reasons Why TradingView is Worth the Money

1. Automatic Stock Indicator Ratings

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

The stock indicators ratings are well implemented because there are two critical technical analysis indicators, moving averages based on price and oscillators based on price and volume. Based on my observations, the TradingView buy and sell indicators are a good measure of sentiment and are featured in my Fear & Greed Index Dashboard.

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 averaged out to give an overall Buy, Sell, or Neutral Rating, making it 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.

This chart selection gives you everything you will need as an advanced trader. You also get Level II insight, fully integrated with the Premium membership.  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 experienced technical analysts. All-round an excellent package.

TradingView Backtesting

TradingView has an active community of people developing and selling stock analysis systems, and you can create and sell your own. Also, there are many indicators and systems from the community for free.

The only thing TradingView cannot do is forecast future stock prices; for that, you would be better off with MetaStock.

TradingView Strategy Tester

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 many 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 you have results in a few clicks [strategy tester -> Add Strategy]. You can also tweak the strategy parameters, as you can see below, and observe the results.

TradingView’s backtesting reporting shows net profit, drawdown, buy & hold return, % profitable trades, and the number of trades, making it a full service.

I have even implemented my MOSES ETF Trading strategy into TradingView; I am no developer, but the Pine Script language is so natural that anyone can do it.

TradingView also has market replay functionality, enabling you to play through the timeline and show you the chart scrolling and the trades executed; all buy and sell orders are drawn on the chart and highlighted.

TradingView Usability

Within 1 minute, I was using TradingView, no credit card, installation, or configuring data feeds; it was just there. Even better is the fact that 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. It does not get easier than that.

TradingView Testing Summary

TradingView combines charting, screening, and backtesting into an innovative technical analysis trading platform. TradingView’s cloud-based software covers Stocks, Forex, Crypto, and Bonds for nearly every exchange on the planet. With a vast active social community, TradingView is a complete solution for traders globally.

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Alternatives Better Than TradingView?

Stock Rover is better than TradingView for long-term growth, dividend, and value investors. For AI-driven robotic day trading, Trade Ideas is better. For trading real-time news, Benzinga Pro is a better alternative. Finally, for automated stock chart analysis, TrendSpider is a better option.

Frequently Asked Questions

 

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