TradingView is a trading and analysis platform that enjoys enormous popularity and has a wide range of features. The special thing about TradingView is that this platform can be used in the web browser and is also a huge social network for traders.
TradingView Rating: 9,6
- Real-time quotes for stocks, forex, futures and more.
- No compatibility problems on all imaginable devices.
- Lead Return.
- Average true range.
- Balance of forces.
TradingView Platform Review
What is TradingView?
TradingView is a web service and social network for traders with a platform for technical analysis and trading.
TradingView has been around since September 2011 and is available as a paid subscription or a free version with limited features. There are partnerships with Microsoft and the Chicago Mercantile Exchange.
TradingView has its own scripting language, Pine Script, and an integrated script editor. The script editor allows the user to customize the display of technical indicators, the appearance of trading windows, and other features.
TradingView is primarily aimed at private traders and investors. The service is now available in 21 languages, accessible in more than 175 countries, and has more than 2 million users, most of them in the USA. The main functionalities are stocks, futures, forex, cryptocurrencies, and bonds.
TradingView Features and Highlights
|📊 TradingView||free of charge|
|📊 TradingView PRO||$14.95 per month (after free trial period)|
|📊 TradingView PRO realtime||$59.95 monthly (after free trial)|
|⚙️ Software||no software, but platform that can be viewed anywhere in the world with any device without large data volume|
|🗄️ Service||wiki section on TradingView that is constantly edited by traders and developers, community-based support|
The company behind TradingView
TradingView was developed by MultiCharts in 2011. MultiCharts is one of the leading trading platforms with a wide range of features.
Free 30-day trial version
Investors interested in the development of individual stocks often use charts to analyze upward or downward trends in detail, and also to predict trend reversals. The historical development of a value is also important, as it is typically possible to draw conclusions about the future from the past. Highs and lows, as well as boundary lines, can also be significant indicators. On this basis, trading strategies can then be developed and pursued.
Many traders not only use the 60 seconds options strategy but also try to develop their own strategies based on the knowledge gained. If you want to know what other investors think of this strategy, you can publish and share it on TradingView. Thus, one can easily get into conversation with other traders, discuss the respective strategies and, of course, find out the reactions. Here, TradingView could convince in the test. This is because all TradingView users can subsequently access the charts that have already been published so that an extensive range has been created over the years, which of course also takes current developments into account.
|Costs||14.95 USD per month||29.95 USD per month||59.95 USD per month|
|Offers||Real-time quotes||All-Pro offers||All-Pro and Pro Plus offers|
|Multiple Watch Lists|
TradingView Account Size
|$50 000||$100 000||$150 000|
|Profit Target||$3 000||$6 000||$9 000|
|Max Position Size||5 Contracts||10 Contracts||15 Contracts|
|Daily Loss Limit||$1 000||$2 000||$3 000|
|Weekly Loss Limit (Step 2 Only)||$1 000||$2 000||$3 000|
|Trailing Maximum Drawdown||$2 000||$3 000||$4 500|
Which markets can be analyzed with TradingView?
All markets can be analyzed in Tradingview.
The following markets are available in Tradingview:
Which brokers are available with TradingView?
The following brokers are available for selection in TradingView:
- Alor Broker
- WH Selfinvest
What market data does TradingView offer?
- With TradingView you get access to paid market data if you want it.
- Market data for CFDs and FOREX are included for free.
- Futures and stocks are time-delayed. If one would like to have real-time data here, one can purchase it, as with any other platform.
- The selection here is also very large. Be it market data for stocks, indices, or futures. There is market data available for North America, as well as for the Middle East/Africa, Europe, Asia, and South America.
- These can simply be selected in the settings, and when they are unlocked.
|📈 Funded Trader Program||📊 Tradable Assets||🔍 Review|
|Ninja Trader||Futures, Forex, CFD, and Stock Markets||Read review|
|DT4X||Forex, Futures||Read review|
The chart analysis in Tradingview
With TradingView you get excellent free chart analysis software. Want to look at a specific chart? No problem. You will get charts that can be optimally worked with more than the most common seven indicators. Also, the more or less serious offers on how to improve your trading will be a thing of the past with TradingView. No ads, no intrusive pop-ups!
What chart types are available?
There are 12 chart types available.
These are as follows:
- Hollow Candles
- Line Break
- Point & Figure
Which drawing tools are available?
With the drawing tools, TradingView provides a very wide range of choices.
A small overview of the drawing tools in TradingView:
- Info Line
- Trend Angle
- Horizontal Line
- Horizontal Ray
- Vertical Line
- Cross Line
- Parallel Channel
- Disjoint Channel
- Flat Top/Bottom
- Regression Trend
- Fibonacci Retracement
- Elliott Waves
- Long and short positions
- and much more
What indicators are available in TradingView?
Here, too, TradingView leaves nothing to be desired. All common indicators are available. In total, over 100 pieces. In addition, there is a public library in which indicators from other traders are also made available.
A small overview of the available indicators:
- Advance Decline
- Average True Range
- Balance of Power
- Bollinger Bands
- Chaikin Oscillator
- Chaikin Money Flow
- Commodity Channel Index
- Donchian Channel
- Moving Average
- Historical Volatility
- Keltner Channel
- Money Flow
- Parabolic SAR
- Forex Strength Indicator
- and many more
How to create scripts in TradingView?
TradingView has its own scripting language, Pine Script, and a built-in script editor.
With the script editor, the user can customize the display of technical indicators, the appearance of trading windows, and other features.
It is also possible to create strategies and battery tests. Besides creating your own scripts, there is also the possibility to access scripts from other traders.
There are scripts for the following areas:
- Oscillators (such as the RSI, ADX, and TSI)
- Centric oscillators (Bears Power or Commodity Channel Index)
- Volatility (ATR, Bollinger Bands, etc.)
- Trend analysis (Pivot Points, COT or Candlestick analysis)
- Volume (Volume Profile, Put/Call Ratio, VWAP, etc.)
- Moving Average (SMA, EMA, and much more)
- Breadth indicators (On Balance Volume, Arms Index, or High-Low Index)
- Bill Williams indicators (these include the Williams Fractal or Gator Oscillator)
Fundamental analysis in TradingView
Not only friends of the chart technique but also followers of the fundamental analysis do not come here too briefly.
Various fundamental data or ratios can be viewed here. These are divided into four areas.
- Profit and loss statement
- Balance sheet
- Cash Flow
- Key figures
An excerpt, of the available fundamental data:
- Gross profit
- Net profit
- Operating profit
- Total Sales
- Cash and Short Term Investments
- Income Tax Payable
- Non-current liabilities
- Total liabilities
- Result Return
- Market Capitalization
- Price-earnings ratio
- Return on equity
What screeners are there?
In general, screeners can be divided into three areas:
- Stock Screener
- Forex screeners
Stocks can be scanned and sorted according to both fundamental and chart aspects.
Fundamental aspects that can be scanned for are, for example:
- Profit and loss statement
- Earnings this week
- and so on
Thus, with the technical criteria, Forex and Krpytos can also be scanned:
- All-time high
- SMA 50 exceeded
- Stochstic RSI
- Donchian Channels
- and many more
Facts and figures about the offer at TradingView
The provider’s chart tool is – as has already been described – one of the most useful aspects at TradingView. For traders, it is worth taking a detailed look at the range of functions. Those who opt for the presented Pro-Realtime account can fall back on volume profile indicators at TradingView. All users also have 83 technical indicators at their disposal, which allow for a well-founded analysis of current market situations. In addition, charts can be displayed in ten different variants. With more than 50 drawing tools, one’s own strategies can be explained and underpinned. A pleasant feature is that additional markets can be integrated into each chart with a simple mouse click. This allows comparisons and the illustration of correlations.
The advantages for investors at TradingView
Those who open an account with TradingView benefit from a combination of social trading and analysis tools. Numerous data from hundreds of markets for financial products such as stocks, indices, commodities, and currencies can be accessed by the provider. Not only price and chart information can be accessed, but also well-founded key figures are available at any time. For example, in the case of shares, important key figures are calculated on the basis of the company’s balance sheet and clearly presented. This integration of fundamental data into the network is certainly one of the greatest advantages of TradingView. The provider deliberately refrains from fading out a discussion between technical and fundamental analysis.
From the customer’s point of view, it is also positive that charts and fundamental data can be analyzed directly. A web-based tool integrated into the network is used for this purpose. The chart tool allows, among other things, the application of Fibonacci techniques, EW analyzes, and the use of numerous indicators. All available indicators can be changed or even completely reprogrammed by the user at any time.
TradingView Customer Support
Currently, the only method you can use to get in touch with TradingView’s help team is its platform messaging system. To access chat assistance, click on the “Support” icon on the left side of your home page. Chat support is available around the clock to help you tackle any issues you run into. The platform also hosts a comprehensive FAQ section that can help you find answers to some of the most commonly asked questions.
Education at Tradingview
Free support is available via the “Help Center”. There, the most frequently asked questions are answered in different categories. You will find information on every topic of the platform there.
- Superior charting system in HTML5
- Cross-platform (web, iOS, and Android)
- Server-side alerting system
- Supports many markets and exchanges
- Supports many asset classes
- Backtesting trading strategies
- Quality of some authors, some misleading ideas, trolling
- Profiling of some asset classes like ETFs is of low quality
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Conclusion: Tradingview is a professional charting platform
According to tests and experience, Tradingview.com is the recommended analytical platform and offers only benefits for private traders. This software will take your analysis to the next level.
It is especially easy to use and work with the chart. You can easily move, scale and arrange the chart. In addition, Tradingview has so many tools. Indicators and drawing tools are abundant for technical analysis. Each tool is customizable to suit your trading style.
Trading with this software will help you perform proper chart analysis. Or you can simply use the platform to track the latest price changes. Tradingview offers so many benefits, so I definitely recommend it.
Can I use Tradingview on a mobile device?
Yes – Tradingview is also available as an app for mobile devices. You only need one user account, so you can log in on any device.
Can I trade with Tradingview?
Yes – you can also trade the markets directly with Tradingview.com. However, you will need a compatible broker to do so.
How to use TradingView without a broker?
For beginners, TradingView offers a paper trading feature where you can safely learn how to trade with a “practice account” without risking your hard-earned savings. Register once and you’ll get free access to the community, an intuitive charting, and analysis tool, and the trading terminal, including paper trading, to try out trading ideas.
What trade chats are available in Tradingview?
TradingView has a variety of trading chats. Here traders can exchange ideas with each other on specific topics and markets. You can also directly share ideas and analyses with each other here.
The most popular trading chats currently include the following:
- Stocks and indices
- Cryptocurrency trading