Certain basic functionalities are available for free for users and advanced features come with a 3-tier pricing option. Since orders cannot be placed through the platform, you’ll have to rely on supported brokers.
Founded in 2011, TradingView is a cloud-based charting and analysis software provider that allows users to access the platform from anywhere through any computer or mobile device. In terms of value offered for the price and functionality, it’s a best-in-class platform that stands out due to its power and flexibility.
Here’s a look at what the platform is all about, what it offers and more.
Who’s Tradingview for?
Beginners who want to explore the financial markets for the first time can use TradingView for trading ideas, strategies and analytics at absolutely no cost. Paper trading is also offered by the platform to help you practice your trading strategies without the risk of losing money.
TradingView is a better bet for a visual thinker and active traders to use the platform’s advanced charting features, stock screeners, server-side alerts and more.
Tradingview Platform and Tools
TradingView’s browser-based platform can be accessed from any device and any operating system. It also provides an iOS app which can be accessed from any Apple device, including iPads and iPhones.
The charting package of TradingView includes:
- Over 10 charts, ranging from simple line and area charts to volume-based Renko and Kagi charts so you can see the stock market from different angles.
- Spread charts help price comparison of 2 or more financial instruments and custom formulas.
- Multiple chart layouts with up to 8 charts in each browser tab. This helps to view multiple markets or the same instrument charts with different resolution in a single screen.
- Over 50 drawing tools. Price scales can be set to linear or log scales; one for indicators and one for price movements.
- Multiple symbols added to a single chart.
- Comparison of an instrument with another instrument or with an index.
You’ll get notified when a financial asset or market meets your custom criteria using a tool called server-side alerts through visual pop-ups, audio signals, text messages and email alerts.
TradingView’s stock screener has more than 100 fields based on several fundamental and technical criteria. The screener supports international markets as well. Screen alerts let you get on-site and email notifications when new tickers meet the screener search criteria.
TradingView has over a 100 pre-built technical analysis studies and has also developed Pine programming language that allows you to create and share their own custom studies and signals.
Some of the other tools include enhanced watchlists, which are unique personal collections for quick access to symbols and hotlists, which are top ten movers in terms of price (both gainers and losers) and volumes.
Tradingview Research Offerings
TradingView carries professional commercial data feed on stocks, futures, all major indexes, forex, bitcoin and CFDs.
Premium data on parameters such as prices, volume and history is obtained directly from the 50-plus U.S. and international exchanges.
The extra charges most exchanges levy as fees per user for real-time quotes is over and above the subscription amount for TradingView’s packages.
TradingView also offers fundamental data on U.S. companies, global economic data that impacts markets, economic and earnings calendars, extended trading hours and timezone options as well as data on earnings, splits, dividends, laid on top of the price chart for easy viewing.
You can share trade ideas through the firm’s social networking options through predictions, market analyses or trade set-ups based on concrete market conditions.
They could also be educational materials. Educational ideas are also shared by traders and can cover a variety of topics such as trading psychology, risk management, best practices on how to use certain tools, trading-related columns and detailed pattern configurations.
You can create a free account, which provides basic services such as 1 chart per layout, 3 indicators per chart, saved chart layouts and more. Only one device can access the free account at a time.
Paid account options include Pro, Pro+ and Premium. The Pro subscription is priced at $9.95 per month if billing is done every 2 years, $12.95 per month if billed every year and $14.95 if billed every month. The Pro+ subscription costs $19.95, $24.95 and $29.95, respectively.
The premium account comes at $39.95 per month if billed every 2 years, $49.95 per month if billed every year and $59.95 if billed every month.
Brokers can integrate their backend systems to the TradingView interface, can be supported on TradingView’s web platform and license the Trading Terminal. The same connection can be used to enable both the web platform and the trading terminal, but each has to be licensed separately.
TradingView allows paper trading or simulated trading for practice. Real orders can be placed by opening an account with supported brokers.
Stockbrokers currently supported by TradingView are Merrill, Modalmais and Alor and Oanda, FOREX.com and DirectFX are among the forex brokers supported. Poloniex is the sole crypto broker TradingView supports. It also supports some futures traders through CQG API.
Tradingview Customer Support
The type of customer support offered depends on the account type. Free accounts have access to the FAQ page, TradingView Wiki, videos and product walk-through, which can be accessed by clicking on the question mark icon in the left bottom of the chart.
Free account holders can also send reports from TradingView interface about any issues.
Pro or Pro Plus account holders have all resources available to free account holders and additionally, the support team responds to all reports sent from the TradingView interface using the “Report Issues” button.
Meanwhile, Premium account holders get priority support from Monday through Friday between 4 a.m. ET and 3 p.m. ET and you’ll get a response in less than 1 hour during business hours.
Tradingview Ease of Use
You can sign up for TradingView either using social networking sites such as Google+, Twitter, Facebook, Yahoo, Stocktwits or LinkedIn. You can also create an account by signing in with a username, email address and password.
Click on the activation link sent to your email address, and then your profile can be set up by inputting some basic details.
The platform’s features and functionalities might seem complicated at the beginning but can be an extremely valuable asset.
Open an Account with TradingView
Chart superiority, excellent business model, breadth of markets covered and option to customize charts and analysis as well as the trade and educational ideas provided by its community of active traders make TradingView a go-to option if you prefer to experiment.