I am excited to share my thoughts about TradingView, the likely most recommended and used platform by traders worldwide. For over 5 years now, I have used TradingView to quickly check quotes, and analyze charts. I have access to the premium version of TradingView, but also going to share how to get the maximum out of the free version.
So, let’s go over the test results, my thoughts, the pros, the cons, but also the details on pricing and features of TradingView.
TradingView Review Test Results, Ratings, Pros & Cons
When TradingView hit the market in September 2011, traders did not really care that much about web-based charting tools. Most simply used their broker or installable trading software.
Looking back, for sure, they had the right product at the right time ready for the public and even if the growth at the beginning took some time, they now dominate the investing world, trading tools and analysis platforms.
Think about it, today, over 60 million investors and traders use their platform, thousands of publishers use their trading widgets and brokerages, as well as multiple trading tools, implement TradingView technology as a whitelable version in their platforms, and their growth seems to have no limit.
The baseline for TradingView’s success is the excellent user interface, free market data, charting capabilities and even company fundamentals, mixed with additional data fees for indices ETFs, crypto, forex, bonds, and futures, along with the mostly used stock market insights.
Let me take you on a tour of their Supercharts, screeners, calendars, the new options tools and news flow feature. Let’s compare the paid plans regarding what you get and at the end of the review, you know for sure if it is worth it subscribing to TradingView.
My Opinion about TradingView
My opinion of TradingView is a really good one. I think it is the perfect allrounder for traders and investors who want to check international markets from one place. Everyone who is okay with the sometimes nervy ads and popups when using the free version can already get a lot of insights from TradingView without the need to pay a cent.
Once you consider the paid plans, you not only enjoy an ad-free experience using TradingView, but you also get much more out of it.
The availability of international market data is surely one of the key differentiators among competitors like Trade Ideas, TrendSpider, Finviz, and Stock Rover. Only TradingView has it all, from European exchanges to Asia and South American exchanges. And all of this for a reasonable price, and standout tools like volume profile, bar replay, auto chart patterns, and more.
Pros
- International market data
- Immense range of time intervals – from tick to seconds to months
- Up to 50 parallel chart connections with up to 8 charts per tab
- Up to 400 price and technical alerts
- Custom timeframes and formulas
- Volume profile and bar replay features
- Autochart patterns
- Desktop installation and mobile app add greatly to the web version
Cons
- High-quality real-time data and also international market data cost extra
- After 2 minutes a popup interrupts using the free version you use as unregistered user, and with a reload all previous drawings get lost
Which TradingView Plan Is Right for Me?
There are two ways of using TradingView for free, and there are three paid plans for private investors available.
The surely most convenient way of using TradingView works well for quick quote checks and analysis. Just go to the website, select your favorite stock symbol (AAPL, AMZN, NVDA, etc.) and analyze the chart for free together will all the available technical analysis tools. But be aware after two minutes, a popup will appear and force you somehow to sign up for the free account.
The free account is the second way of using TradingView. It is free and refinanced via ads on the platform. You can sign up with your email and analyze it longer.
With both free ways, you can open one chart per tab, save one layout, choose between 21 customizable chart types, and you have access to some of the basic features TradingView has.
For traders and investors who need more data, more charts, more timeframes, more indicators, data export capabilities, deep backtesting, auto chart pattern detection, more trade alerts, watchlists and screener features, the paid plans are a must-have.
TradingView Pricing
For all three paid plans, the Essential, Plus and Premium plan, you can choose to either pay month by month or annually. Here is the pricing.
| TradingView Plan | Essential Plan | Plus Plan | Premium Plan |
|---|---|---|---|
| Monthly Costs with Monthly Payment | $14.95 | $29.95 | $59.95 |
| Monthly Costs with Annual Payment | $12.95 ($144.40 / year) | $24.95 ($299.40 / year) | $49.95 ($599.40 / year) |
The paid plans have higher usage quotas and let you access more advanced features.
Benefits of TradingView’s Paid Plans
All paid plans come with custom time intervals, custom range bars, volume profile indicators, import and export functionalities, webhook notifications, screeners with auto refresh, fast data flow, backup data feeds, social badges, protected scripts, video ideas, but also ad-free charts and customer support.
TradingView Essential Plan
The Essential Plan is the smallest paid plan and lets you open 2 charts per tab, 5 indicators per chart, and open up to 10 charts in total (5 tabs with 2 charts on both, or 10 tabs with 1 chart on it, etc).
You can save up to 5 different layouts and access 20 years of annual financial data on charts. Historical minute data goes back up to 42 days, and you can configure up to 20 price alerts.
Essential plan users can subscribe to up to 2 data feeds and enjoy regular customer support.
TradingView Plus Plan
The Plus plan is a bit better than the Essential plan and lets you open 4 charts per tab, 10 indicators per chart, and open up to 20 charts in total (10 tabs with 2 charts on each, or 20 tabs with 1 chart on it, etc.).
You can save up to 10 different layouts and access 20 years of annual financial data on charts. Historical minute data goes back up to 180 days, and you can configure up to 100 price alerts.
Plus plan users can subscribe to up to 4 data feeds and enjoy regular priority support.
TradingView Premium Plan
The Premium plan is the best plan for private investors and lets you open 8 charts per tab, 25 indicators per chart, and open up to 50 charts in total (5 tabs with 5 charts on each, or 50 tabs with 1 chart on it, etc).
You can save unlimited layouts and access 20 years of annual financial data on charts. Historical minute data has no limit, and you can configure up to 400 price alerts.
Premium plan users can subscribe to up to 6 data feeds and enjoy regular priority support.
Professional Users (e.g. Hedge Funds)
If you need TradingView for business purposes, you can subscribe to the Expert Plan for $199.95 per month or Ultimate Plan for $499.95 per month. The quote limits are even higher than with the retail trader plans and you can subscribe to even more markets. I think 99.9% of users don’t need those professional user plans.
TradingView Market Data Costs
In total, 107 stock exchanges and indices, 45 futures exchanges, 33 forex markets, 77 crypto markets and 100 economy data feeds are available when you use TradingView.
Delayed data is available for free with all plans. However, if you need real-time data, you have to pay for it. I can’t list all the market data costs, but let me list the most popular ones.
Real-time data for U.S. stock markets as a bundle costs $9.95 per month, and you get Level 1 NYSE, Nasdaq, Arca, GIDS, and OTC markets. CME Group Emini futures costs $7 per month for CME, CBOT, COMEX, and NYMEX. Eurex futures markets in Europe cost $2 per month.
The market data fees are not necessarily high-priced, but they add up to your subscription costs if you need real-time data. So, its something you just should be aware of.
TradingView Discounts
If you pay for a year in advance, you save two months and get 12 months for the price of 10. This equals a 15% discount.
There are some tricks to get TradingView for free or a discounted price.
If you use TradingView for the first time, choose one of the paid plans and click on the “Try free for 30 days” button. This way, you get TradingView free for 30 days. You can select any plan to try it for free for 30 days.
And here are some tricks to get a high discount. First of all, you can sign up for the free account and wait for a promotion to kick in.
Something that works better is that you sign up for the “Try free for 30 days” offer of your chosen plan and then cancel this plan before the 30 days are over. If you do that, TradingView often sends out an exclusive offer for those who re-activate the plan and then for a highly discounted price.
Alternatively, you wait for Black Friday and choose one of the TradingView Black Friday offers. Since this only happens once a year with discounts available for about 3 days, the trick with the “Try free for 30 days” offer works better the other 362 days a year.
How TradingView Compares
TradingView is a high-end trading tool and is especially great for technical analysis and subscription to all global financial markets.
Day traders favor Trade Ideas over TradingView because of its AI trade signals, more extensive stock screener capabilities and fast data feeds.
Technical analysts looking for a different user interface, more charting options and creative new ways of visualizing the markets, consider TrendSpider.
Finally, Stock Rover and Finviz are excellent alternatives to TradingView for investors who want to focus on fundamental data.
My Experience With TradingView
I’ve had only positive experiences using TradingView. Especially quick market checks work well even if I’m not logged in. The paid plan is great for intensive analysis.
I only do it for U.S. markets, but you can do it for all markets worldwide, which is the biggest differentiator to its competitors. Only TradingView has all markets available and does not just focus on North American markets.
I never had an issue with TradingView, so I can’t tell you how well the support works, but since you have priority support in the upper paid plans, I expect definitely a great customer support experience.
There is a lot to like with TradingView. From powerful charts to seemingly endless trading indicators to backtesting capabilities, broker integration, pattern recognitions, to global market coverage, you have it all.
There is even a separate downloadable software for those who like to install TradingView, and mobile users use the highly rated mobile app with excellent ratings on the Apple App Store and on Google Play.
TradingView Charts
TradingView charts are surely one of the best-looking charts on the web. You can open multiple charts, apply your favorite trading indicators, add volume profile (time-price opportunity, volume footprint and session volume profile), select between 21 different chart types (candlesticks, bars, line, area, Heikin Ashi, Renko, etc.), use custom time intervals, second-based intervals and switch between regular trading hours and expended trading hours.
You can also do a bar replay, export data, and use a wide range of drawing tools (lines, Fibonacci and Gann tools, pattern drawing (ABCD, triangle, head and shoulders patterns, etc.) or even do Elliott Waves analysis. It’s all there.
Trade with TradingView
I don’t use it, but you can if you like. Connect your broker to TradingView and execute trades. The list of supported brokers is really long and includes brands like Interactive Brokers, IG, TradeStation and Tradovate. However, there are not the typical U.S. brokers like E-Trade that you could connect to. However, for practicing trading, the integrated paper trading simulator is an excellent choice. The paper trading module is free to use and helps you make the first steps as a trader and investor.
Screen with TradingView
With TradingView, you can screen everything. From stocks and ETFs to bonds, Forex to crypto. The screeners are great if you are looking for pricing data (price, change, performance) and company fundamentals (P/E ratio, market cap, dividend yield).
However, if you need a fast screener for active trading, better consider Trade Ideas.
Analyze with TradingView
Great charts work well for excellent technical analysis. You can choose from over 400 built-in strategies and indicators, plus over 100,000 custom indicators from TradingView users. You have access to over 110+ smart drawing tool and benefit from auto chart pattern detection and multi-timeframe analysis.
Yet, TradingView does not stop at technical analysis. You also have access to one of the most complete data pools for fundamental data of all major stock exchanges (worldwide).
Learn with TradingView
TradingView is great for learning purposes. First of all, you have access to a huge community of traders and investors who publicly share their trade, investment ideas and opinions. Get inspired with Editor’s picks, or browse trading ideas.
What I find enormously helpful for learning are two features. First of all, the bar replay. With the bar replay, you can replay a trading day for all symbols in various time frames and test yourself how you would have reacted with a specific pattern and find out with a mouse click what would have happend to your position. The market replay feature is great for those who can’t sit in front of the computer for real-time practicing trades. This brings us to the second feature I like for learning.
The integrated paper trading simulator is an account, that works with paper money. At any time, you can open and close positions and test your skills without risking your portfolio dollars.
TradingView Chat Room
There are pros and cons to chatting with traders. But if you want, you can use the integrated forum to chat with other traders, exchange ideas, and hear other’s opinions. Yet, be careful, especially with chatter about penny stocks.
Summary
I think TradingView is an excellent charting tool with excellent analysis capabilities. The availability of global market data is a unique selling proposition only TradingView has. The additional features like screeners of all types and broker connectivity are interesting, but I don’t feel excited about them since they may round up the product, but not more if you ask me.
When I’d start as a new subscriber, I’d use the little trick I mentioned earlier. Subscribe to one of the plans (Essential, Plus, Premium) with the “Try free for 30 days” option, then chancel before the 30 days end, await a special offer from TradingView to continue the subscription and accept that offer. This way, you get entirely free access for 30 days, and then if you like TradingView and if you like the offer you get, you continue by paying a discounted price.
All Stock Screener Reviews: Trade Ideas, TrendSpider, TradingView, Finviz, Stock Rover
| Tradingview Review Rating | |
|---|---|
| Features Overall | ★★★★★ |
| Stock Screener | ★★★★✩ |
| Charts | ★★★★★ |
| Ease of Use | ★★★★★ |
| Customer Service | ★★★★✩ |
| Rating | ★★★★★ |