Is Tradingview Worth it? An Honest Tradingview Review

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In this comprehensive review of Tradingview in 2023, the experts at TU will delve into the question on every trader's mind: Is it worth paying for the Pro version? Tradingview has gained immense popularity among traders for its powerful charting tools and vibrant community. In this guide, you will explore the cost and key benefits of both the Pro and basic versions to make an informed decision on whether Tradingview is a worthy investment for your trading journey.

According to Traders Union’s experts, paying for Tradingview Pro is worth it for traders who require advanced features and tools. Tradingview Pro offers a range of benefits, including:

  • 1

    Access to a wide variety of indicators

  • 2

    Enhanced charting tools

  • 3

    Real-time data

  • 4

    Expanded watchlists

What is Tradingview?

Tradingview is a game-changing platform designed to make trading technology accessible and powerful for all traders. Developed by experienced traders and software experts, it brings interactive charts and widgets right to your web browser, using the latest advancements in cloud computing and browser languages. In fact, Tradingview goes beyond being just a trading platform. It's a thriving social community where traders can connect, learn, and collaborate. One unique feature allows traders to instantly share live charts and technical analysis ideas, making it easier than ever to work together. Tradingview is revolutionizing the trading landscape by providing a comprehensive and user-friendly experience for traders of all levels.

Who is Tradingview for?

Tradingview caters to a wide range of individuals involved in trading, investing, and analysis, regardless of their level of expertise. The platform serves as an ideal tool for those interested in technical analysis, charting, and generating trading ideas across diverse markets like stocks, Forex, futures, and cryptocurrencies. Seasoned traders and institutional investors rely on Tradingview to conduct comprehensive market analysis, spot potential opportunities, and refine their trading strategies. They can even create personalized indicators, backtest trading concepts, and share their valuable insights with a vibrant community of like-minded individuals. Meanwhile, individual investors and traders benefit from Tradingview's ability to analyze markets, discover fresh trading ideas, and make well-informed decisions. Real-time data from multiple exchanges, customizable alerts for price changes, and seamless trade execution further enhance the platform's appeal.

Tradingview also extends its usability to beginners in the trading and investing sphere, offering a user-friendly interface and an abundance of educational resources, such as tutorials, articles, and webinars. With its intuitive nature, Tradingview supports newcomers as they learn about different indicators, trading strategies, and the development of their unique trading style, while simultaneously providing powerful capabilities for experienced traders with their own customized scripts and decades of experience.

Key features and tools of Tradingview

Tradingview is a highly versatile charting platform that caters to traders, investors, and analysts of all skill levels. It provides a robust set of features to enhance market analysis and decision-making. The following are its main features:

Charting Tools: It offers a comprehensive range of tools for charting, including diverse chart types, multiple time frames, an extensive selection of technical indicators, and insights into trading volume. It also provides research tools and customizable drawing instruments, empowering users to conduct in-depth market analysis. Finally, it offers over 90 drawing tools that allow users to visually analyze market trends. These tools include lines, shapes, patterns, and annotations, helping traders identify crucial price levels, trends, and chart patterns

Charting Tools

Multi-Chart Support: With Tradingview Premium, users can simultaneously view up to 8 charts with different symbols, time frames, and indicators. This feature enables traders to compare multiple assets or trading strategies side by side, facilitating comprehensive market analysis. Additionally, it supports exporting chart data and integrates with brokers for live trading, ensuring a seamless trading experience

Multi-Chart Support

Desktop Platform: Tradingview's Desktop platform is designed to optimize trading efficiency across multiple monitors. It allows users to create personalized layouts suited to their specific needs, enabling them to monitor various markets and instruments simultaneously

Desktop Platform

Trading Indicators: Tradingview offers an extensive library of both standard and specialized indicators. Users can choose from a wide range of technical indicators to enhance their analysis and make more informed trading decisions. Furthermore, Tradingview provides a scripting language that allows users to create custom indicators, catering to the needs of advanced traders and analysts

Trading Indicators

Fundamental Analysis: It allows users to overlay fundamental data, such as income statements and balance sheets, onto charts. This feature provides valuable insights into market reactions and helps traders integrate fundamental analysis into their decision-making process

Fundamental Analysis

Screeners:Tradingview includes stock, Forex screeners , and crypto screeners, enabling users to scan the market based on various criteria. These criteria may include performance, valuation, and oscillators. Traders can filter the results and export the data for further analysis or to identify potential trading opportunities

Forex Screener
Forex Screener

Heatmaps: The platform offers stock and crypto heatmaps, visually representing gainers and decliners in the market. Users can apply filters based on financial figures to focus on specific sectors or assets of interest, facilitating efficient market analysis

Heatmaps

Community: It boasts a large and active community of traders and experts. This community provides a platform for networking, idea exchange, and staying updated on investment trends. Users can engage in live streams, share trade ideas, access educational resources, and collaborate on custom script creation, fostering a collaborative and supportive trading environment

Community

Real-time News: It provides real-time market news from reputable sources, covering a wide range of financial instruments such as stocks, cryptocurrencies, and Forex. This feature enables users to stay informed about the latest developments that may impact their trading decisions

Real-time News

Broker Integration: The platform seamlessly integrates with various brokerage platforms, allowing users to place trades directly from the platform. This integration streamlines the trading process and eliminates the need to switch between multiple applications, ensuring a more efficient trading experience

Broker Integration

Paper Trading Simulator: Tradingview also offers a paper trading simulator for users to practice trading and test strategies without risking real money. Traders can customize the starting balance and track the performance of virtual trades, gaining valuable experience before entering live trading

Paper Trading Simulator
Paper Trading Simulator

Custom Watchlists: It provides comprehensive market data and built-in screener tools, equipping users with the necessary information for informed decision-making and identifying trading opportunities. Users can create custom watchlists based on criteria like technical indicators and fundamental data, enabling them to track their preferred assets or strategies more effectively

Custom Watchlists

API Integration: Tradingview offers powerful API integration that allows users to seamlessly connect their own applications or third-party platforms with the Tradingview ecosystem. This integration enables users to access and utilize Tradingview's vast array of data and charting capabilities within their own software or trading systems. By integrating with Tradingview's API, users can retrieve real-time market data, execute trades, and receive updates, enabling automated trading strategies and efficient data analysis

Education and Support on Tradingview: Tradingview is committed to providing comprehensive education and support to its users. The platform offers a wide range of educational resources to help traders and investors of all levels enhance their knowledge and skills. This includes detailed tutorials, guides, and articles that cover various trading concepts, strategies, and platform features. Additionally, it hosts webinars and live events where users can learn from industry experts and gain valuable insights. In addition to the educational resources, the platform also provides a robust support system. Users can access a knowledge base with frequently asked questions, submit support tickets for personalized assistance, and participate in the active community forum. The forum serves as a hub for users to seek help, share trading ideas, discuss strategies, and engage with other members of the community

Pine Script: Tradingview's proprietary scripting language, Pine Script, is a powerful tool that allows users to create custom technical indicators, strategies, and alerts. With Pine Script, traders and analysts can bring their unique ideas to life and develop tailored tools to enhance their trading decisions. The language is designed to be beginner-friendly yet robust enough to handle complex calculations and trading logic. The platform provides extensive documentation, including a comprehensive Pine Script manual, code examples, and a dedicated editor within the platform for testing and validating scripts. Additionally, Tradingview has a thriving community of Pine Script developers who actively share their scripts, collaborate on projects, and provide support to fellow users. This collaborative ecosystem empowers users to leverage the full potential of Pine Script and customize their trading experience to suit their individual needs

Does Tradingview offer signals?

Tradingview provides a robust alert system that allows users to set price alerts for their favorite stocks and assets. These alerts can be easily configured with a few clicks, ensuring that traders stay informed about market movements. The number of alerts available depends on the subscription plan: Tradingview Basic offers one alert, Pro provides 20 server-side alerts, Pro+ offers 100, and Premium users enjoy up to 400 server-side alerts.

Tradingview alerts can be set based on specific price levels as well as indicators, trading strategies, or custom drawings. When an alert is triggered, users receive notifications through various channels, including email-to-SMS alerts, visual popups, audio signals, PUSH notifications, emails, or webhook notifications.

These alerts are triggered when certain pre-defined criteria are met, such as specific prices, indicator values, trading strategy conditions, or custom drawings on the chart. Users have the flexibility to choose the type of alert that suits their needs and can receive visual pop-ups, audio signals, email alerts, email-to-SMS alerts, or push notifications on their mobile devices. Pro, Pro+, and Premium users also have the option to receive webhook notifications, allowing for more advanced integrations.

Apart from price-based alerts, Tradingview also provides the ability to set alerts for various technical indicators, such as Moving Averages and Bollinger Bands. Traders can configure alerts for situations like indicator crossovers or when an indicator reaches a specific level. These indicator alerts enable traders to respond promptly to changes in market conditions and seize potential opportunities.

The alert system offered by Tradingview is comprehensive, supporting real-time price alerts, alerts based on over 1,000 indicators (including custom ones), alerts triggered by strategy executions, and alerts based on user-drawn elements on the chart. Various types of alerts are available, including crossing, greater than/less than, entering/exiting channels, moving up/down, and more. Traders have the flexibility to customize their alerts and choose the desired notification types, ensuring they receive timely updates on any device.

Tradingview's server-side alerts help traders effectively manage multiple assets by providing notifications when the current price hits predefined levels. This feature is particularly useful for tracking support and resistance levels and ensuring that traders don't miss out on potential buying opportunities. Traders can configure alerts to be one-time or recurring, set specific price levels or percentage moves, and even integrate external applications through webhook notifications, albeit with some development effort.

Tradingview cost and pricing

Features Basic Pro Pro+ Premium

Charts per tab

1

2

4

8

Number of saved chart layouts

1

5

10

Infinite

Custom time intervals

No

Yes

Yes

Yes

Intraday Renko, Kagi, Line Break, Point
& Figure charts

No

No

Yes

Yes

Custom Range bars

No

Yes

Yes

Yes

Dividend-adjusted charts

Yes

Yes

Yes

Yes

Indicators per chart

3

5

10

25

50+ smart drawing tools

Yes

Yes

Yes

Yes

Backtesting for trading strategies

Yes

Yes

Yes

Yes

Active price alerts

5

20

100

400

Tradingview provides a selection of subscription plans tailored to the specific needs of traders and investors. These plans come with varying features and pricing options. Let's take a closer look at each plan:

Basic: Tradingview offers a free plan that provides essential functionalities. It includes one chart, bar replay, access to 7 years of historical data, technical analysis tools, and one alert. The Basic plan is supported by advertisements. Additionally, Tradingview offers Forex backtesting software, allowing users to test their trading strategies using historical market data and evaluate their performance

Pro: The Pro plan enhances the trading experience with additional features. Users on this plan can enjoy two charts per tab, custom time intervals, access to 20 years of historical data, advanced indicators, and 20 alerts. It also provides advanced stock screener features, real-time data from over 50 exchanges, and the ability to create multiple enhanced watchlists

Pro Plus: Subscribers to the Pro Plus plan receive further benefits, including up to four charts per tab, the ability to use 10 indicators per chart, and 100 alerts. They also gain access to additional intraday chart types, the option to export chart data, and advanced features for spreads

Premium: The Premium plan offers the highest level of subscription, providing users with eight charts per tab, seconds-based time intervals, the capability to use up to 25 indicators per chart, and 400 alerts without any time limitations. Premium subscribers also receive priority support, exclusive social features, and the ability to publish invite-only indicators and protected scripts

Tradingview cost and pricing

Tradingview cost and pricing

Pros and cons of Tradingview

👍 Pros

Free plan: Tradingview offers a complimentary plan that allows users to access a variety of features without incurring any cost. This is advantageous for traders who are looking for a budget-friendly option to conduct their market analysis and make informed trading decisions

Advanced analytical tools: It provides a comprehensive range of advanced analytical tools that enable users to delve deep into market data and perform detailed technical analysis. These tools empower traders to identify patterns, trends, and potential trading opportunities with precision and accuracy

Screeners for a wide range of securities: It incorporates powerful screeners for stocks, foreign exchange (Forex), and cryptocurrencies. These screeners enable users to filter and scan the market based on specific criteria such as price, volume, market capitalization, and technical indicators. This feature saves time and effort by narrowing down the universe of tradable assets to those that meet the user's predefined parameters

Engaged community of investors: The platform boasts an active community of traders and investors who share their insights, ideas, and strategies on the platform. This vibrant community fosters collaboration, knowledge sharing, and learning opportunities, making it a valuable resource for traders to gain different perspectives and stay updated with market trends

Global market access: It provides users with access to a wide range of global markets, including stocks, indices, commodities, Forex, and cryptocurrencies. This global reach expands trading opportunities and allows users to diversify their investment portfolios across different markets and asset classes

Comprehensive charting tools: As a significant plus point, it offers an extensive suite of charting tools that allow users to customize their charts according to their preferences and trading strategies. These tools include a wide range of technical indicators, drawing tools, and chart types, enabling traders to perform detailed technical analysis and visualize market patterns effectively

Educational resources: Tradingview understands the importance of education in trading success. The platform provides a wealth of educational resources, including tutorials, articles, webinars, and a knowledge base. These resources equip users with the necessary skills, strategies, and market insights to enhance their trading proficiency and make informed decisions

👎 Cons

Limitations of free plan: While Tradingview offers a free plan, it comes with certain limitations. Users on the free plan may not have access to advanced features, additional charts, and an extensive range of technical indicators. This can restrict the capabilities of users who require more advanced tools for their trading analysis

Customer support challenges: Some users have reported challenges with Tradingview's customer support. These challenges include delayed response times and difficulties in resolving issues promptly. Effective customer support is crucial for users who encounter technical difficulties, have inquiries, or require assistance. When support is not readily available or lacks responsiveness, it can impede the overall user experience and cause frustration for traders

Is Tradingview worth it?

When it comes to charting platforms, Tradingview is a must-have tool for traders. Its fast, reliable, and affordable nature makes it a standout choice. With a wide range of TradingView indicators and analysis tools available, Tradingview caters to all the trading needs and goes beyond expectations. Its minimalist design ensures simplicity and effectiveness in trading. Moreover, the platform is highly affordable, making it accessible to traders of all levels.

The platform is not only beneficial for me but also for anyone looking for a reliable trading platform. With a user base of over 30 million traders, it has gained trust and popularity due to its outstanding features. Real-time data, customizable charts and indicators, social networking capabilities, and the ability to share ideas with a community of traders are some of the perks of using Tradingview.

One of the standout aspects of Tradingview is its user-friendly interface. Navigating the platform is a breeze, and traders have access to a wide range of customizable tools and charts to tailor their trading experience to their preferences and strategies. Tradingview's intuitive design enhances the trading journey and allows traders to focus on making informed decisions.

In summary, Tradingview is definitely worth considering for traders of all levels due to its fast, reliable, and affordable nature, extensive range of tools and indicators, and user-friendly interface that simplifies the trading process.

Read also: TradingView vs. MT4: A Comprehensive Comparison in the TU article.

Best brokers with Tradingview support

Experts find the following to be the 4 best Tradingview supported brokers:

Tickmill

Open an account
Your capital is at risk.

Tickmill stands out as a top broker for Tradingview, particularly for those focused on trading futures. With access to six international Futures exchanges, including EUREX, NYMEX, CBOT, and CME, Tickmill provides a comprehensive trading experience. New users can benefit from promotional offers and choose from three account types based on their trading preferences.

Pepperstone

Open an account
Your capital is at risk.
Please note that your capital is at risk.

Pepperstone, recognized as the best Tradingview Broker of the Year in 2022, offers a wide range of trading opportunities. With access to over 1,200 instruments, including cryptocurrencies, commodities, ETFs, and Forex, Pepperstone caters to diverse trading interests. The broker supports various stock markets, such as the UK, US, Australia, Germany, and Hong Kong, with tight spreads that make it an attractive option.

FXOpen

Open an account
Your capital is at risk.
77% of retail investor accounts lose money when trading CFDs with this provider.

Regulated by the FCA, FXOpen ensures a secure trading environment for its users. Supporting Forex, index, stock, and commodity CFDs, FXOpen partners with Tradingview to provide detailed analytics on a single platform. With a solid industry experience since its establishment in 2003, the broker’s integration with Tradingview has further enhanced its popularity among traders.

FAQs

Is Tradingview worth the money?

Tradingview is considered worth the money due to its comprehensive range of features, customizable charts, access to real-time data, and a supportive community of traders. It offers different subscription plans to cater to various trading needs and budgets.

Which Tradingview platform is best?

The best Tradingview platform depends on individual requirements and preferences. Tradingview offers different plans, including Free, Pro, Pro+, and Premium, each with varying features and pricing. Traders should assess their specific needs and choose the platform that aligns with their trading goals and budget.

Is Tradingview free or pro?

Tradingview offers both free and pro versions. The free version provides access to basic functionalities, while the pro version unlocks additional features, such as more charting tools, indicators, and enhanced capabilities. Traders can upgrade to the pro version for a more comprehensive trading experience.

Is Tradingview free in the USA?

Yes, Tradingview is available for free in the USA. Traders can sign up and access the basic functionalities of Tradingview without any cost. However, there are subscription plans available, including the pro version, which provides access to advanced features and tools at a cost.

Team that worked on the article

Chinmay Soni
Contributor

Chinmay is a certified Investment Analyst and Portfolio Manager by the National Stock Exchange (NSE) Academy. He is currently associated with a $75 million VC fund and assists them in identifying and researching investable sectors and start-ups. He has completed his Bachelors of Business Administration from the Institute of Management, Nirma University and is currently pursuing MBA majoring in Finance from the same. He has 4 years of hands-on investment experience in a variety of asset classes and his professional qualifications include being a CFA Level 2 candidate and NSE Certified Market Professional Level 2.

He finds writing as a way to express his thoughts and share his knowledge with people eager to learn. He himself happens to be an avid reader of personal finance books and on top of his recommendation list are the international bestsellers ‘The Psychology of Money’ and ‘Think and Grow Rich’

He has this one strong belief as his motto: Life is what you make of it.

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.