Unlocking the Power of TradingView: A Deep Dive into Its Features and Benefits (2024)

TradingView is the market-leading charting platform used by over 30 million investors and traders every month.

Is TradingView worth it? We think it is. Our TradingView review will guide you through all features and functionalities. We also explain how to use TradingView for free and save up to 50% when subscribing to a paid plan.

Transparency: We may get compensated when you click on links in this article.

30 Day Free Trial + Discount Offer During Trial Period

1. Click here to start the free TradingView account registration
2. Click on “Get Started” at the top right
3. Scroll down to the “Try Free Basic” button and click on it (the button is below the pricing table)
4. Type in your email address, choose a username and password
5. Click on Activate Account within the confirmation email to activate the free TradingView Account

Make sure to register in the way described because this is the perfect way to sign up for TradingView. It opens the door to multiple choices:

• Option A) You can start a paid TradingView Pro, Pro+ or Premium subscription with an immediate discount of 30%-50%, and you can freely test all TradingView features of the chosen plan for 30 days before you get charged.
• Option B) You can focus on testing all functionalities of TradingView Free Basic before potentially starting a paid subscription at a later point.

The TradingView functionalities are among the best and most complete across all investing, trading and analysis platforms. It is possible to use various free features within the Basic plan. However, a paid plan like Pro, Pro+ or Premium makes sense once you need more functionalities like multiple charts, custom time intervals, real-time market data, multiple timeframes, data exports, or advanced chart types. In addition, TradingView supports extended trading hours, customized scanning depending on your trading strategies and a great community.

TradingView works as a browser-based version on any device, but it is also available as a desktop software installation and mobile app. Let’s have a closer look at the best features.

TradingView is a platform focusing on technical analysis with comprehensive charting tools and extensive analysis capabilities. Users can choose from various chart types, time frames, technical indicators, trading volume insights, and research tools. In addition, users can switch between a light and dark mode for visualization and utilize powerful drawing tools.

With TradingView Basic, you can open one single chart. At the same time, TradingView Premium supports up to 8 charts simultaneously per screen, where each chart can have different stock symbols, time frames and technical indicators.

Pro-subscribers can export the chart data and set custom time intervals ranging from one minute to monthly charts, and Premium subscribers can even use second-based time intervals. In addition, users get direct access to live trading tools and can use broker integrations to trade directly from a chart.

The TradingView Desktop platform goes even one step further and comes with extra power, speed and flexibility. The desktop platform supports native multi-monitor support and enables traders to create multiple tabs that can contain numerous charts. For example, a trader with six monitors can create six different layouts — one for each monitor. Each of the layouts can visualize separate data and charts.

Chart Types

• Bars, Candles and Hollow Chart
• Columns, Line, Area and Baseline Charts
• High-Low, Heikin Ashi and Renko Charting Tools
• Line Break, Kagi, Point & Figure, Range Charts

Available Time Frames

• 1, 5, 10, 15, 30 second time frame
• 1, 3, 5, 15, 30, 45 minute time frame
• 1, 2, 3, 4 hour time frame
• daily, weekly, monthly time frame
• 1, 10, 100, 1,000 range

Users can also define their own time intervals with TradingView Pro, Pro+ and Premium.

More than 90 drawing tools are available with all plans. These include lines and trends, geometric shapes, patterns, and annotations, which help investors to understand the technical aspects of the markets better.

Hundreds of trading indicators are available, ranging from standard indicators like Moving Averages and VWAP to volume indicators like Volume Profile, candlestick pattern recognition and even auto trendlines for Fibonacci extensions and retracements. And if that is not even enough, users can code custom indicators with TradingView’s scripting language. Trading View has more indicators than any comparable technical analysis tool.

A cool feature is that users can directly visualize fundamental data from income statements, balance sheets, cash flow metrics, and statistics on a chart. So, for example, you can open a chart from Apple and then add figures like gross profit, revenue, EPS estimates, dividend yield and hundreds of other stats to a chart window. This way, you can quickly analyze how the market performed after earnings announcements, company news etc.

TradingView integrated a stock screener, forex screener and crypto screener. You can open a screener by clicking on the drop-down menu in the lower left corner. Users can use those screeners to scan the market based on performance, valuation, dividends, margins, income statement details, balance sheet figures, oscillators, and more.

The screeners work on the 1m, 5m, 15m, 30m, 1h, 2h, 4h, 1d, 1w, and 1m time frames. In addition, it is possible to filter the results and add alerts. Finally, those who want to work with the data outside of TradingView can export the data as a CSV file.

The stock heatmap and crypto heatmap are helpful features to visualize the biggest gainers and decliners. For example, you can show a heatmap for a time interval like performance in the past 4 hours.

It is also possible to filter based on financial figures such as market capitalization, daily volume number of employees, dividend yield and more. The heatmap can also visualize the biggest up- and down gappers, most volatile stocks, relative volume ratios and more.

Thirty million monthly users are a massive community of investors, traders and financial experts. Beginner investors, advanced users and even experienced traders know of the benefits of having such a great community to ask questions, exchange day trading trade ideas, or talk about the latest investment trends.

Live streams for educational and informational purposes, trade ideas with potential trades, educational ideas and custom scripts are just a few of the community benefits.

TradingView has an integrated feature called Snaps. Here the latest market news from users with daily stock and crypto snapshots are posted. In addition, the News Flow feature streams the latest news from media investing media outlets such as Reuters, InvestorPlace and Seeking Alpha for investment categories like stocks, crypto, forex, indices, futures, bonds and the world economy.

Do you want to set price alerts at specific levels on your favorite stocks? With TradingView, you can do this with just a few mouse clicks. The free TradingView Basic supports one alert, the Pro version 20 server-side alerts, Pro+ 100 and Premium even 400 server-side alerts.

A nice feature is that those alerts can be set on a specific price and even indicators, trading strategies or drawings. Once an alert gets triggered, you get notified per email-to-SMS alerts, visual popups, audio signals, PUSH notifications, email, or webhook notifications.

TradingView is compatible with various brokerage platforms. Users can connect their TradingView platform with the brokerage trading platform to trade directly from within TradingView.

TradingView supports 12 brokerage connections via API — Interactive Brokers, TradeStation, Eightcap, Pepperstone, Capital.com, OANDA, Tradovate, easyMarkets, FOREX.com, WH SelfInvest, FXCM, and SAXO.

Paper trading lets you trade with virtual money and practice trading and investing. A paper trading account enables you to simulate trading decisions by executing buy and sell orders without risk. Simulated trading helps test new trading ideas and strategies. For example, new trade ideas can be tested by buying and selling, with buy and sell buttons on the chart.

The paper trading starting balance is set to $100,000 and can be reset under Account Settings at any time. You can configure how open positions and new orders are shown within the platform. For example, you can visualize lines or arrows at the point where and when an order was triggered and placed.

In addition, the trading panel at the bottom of a chart shows a list of open orders and positions. Open orders can be edited, closed or canceled directly on the chart and trading panel.

We’ll now explain and compare the TradingView plans from which traders and investors can choose. Here we focus on the features of each plan, while the subsequent section, TradingView Pricing, explains and compares the pricing of each subscription plan.

The TradingView Basic Plan requires registration via email and provides users with free access to basic functionalities. For example, users can open one chart, use the bar replay on the daily, weekly and monthly time frame, and have access to 7 years of historical financial data on charts.

Essential technical analysis and algorithms like auto Fib Retracements and multi-timeframe analysis are included. In addition, one alert and a stock screener with manual refresh are available. News, economic data and trading API is also enabled, as well as access to mobile apps.

The Basic Plan is refinanced with Ad-placements.

TradingView Pro unlocks more powerful integrated trading tools, is ad-free and opens access to the social network. With the Pro version, users can open a maximum of two charts per tab. The user can save up to 5 chart layouts and use custom time intervals. In addition, the bar replay is available for all time frames. The historical annual financial data on charts now includes 20 years of data.

Users can apply up to 5 indicators per chart, use unlimited custom trading indicator templates, use the volume profile indicators and apply up to 20 alerts on price, strategies, drawings or indicators.

In addition, TradingView Pro supports more stock screener features such as auto-refresh, data export and screens on all time frames. Fast data flow, the ability to subscribe to additional real-time data with over 50 exchanges and multiple enhanced watchlists are now included.

The TradingView Pro+ plan allows users to open up to 4 chars per tab, save 10 chart layouts and unlocks access to more intraday chart types like Renko, Kagi, Point & Figure and Line Break.

In addition, intraday charts based on custom formulas for spreads are supported, and chart data can be exported. With Pro+, it is also possible to export strategy data, use up to 10 indicators per chart, use up to 100 alerts and

TradingView Premium is the highest subscription level and unlocks access to all TradingView features and functionalities. In addition, first priority support, 8 charts per tab and an unlimited number of saved chart layouts are now included.

An essential feature of the Premium Plan is the availability of seconds-based time intervals, which is a powerful feature for day traders. In addition, up to 25 indicators per chart are now allowed, and users can set up up to 400 alerts on strategies, drawings, indicators and prices without any time limitation.

The social media community of TradingView is one of the most noteworthy worldwide. The TradingView Premium Plan includes access to all social features like an exclusive badge next to your name, the ability to publish invite-only indicators and protected scripts, video ideas, public ideas and a signature and website field.

The main differentiators between TradingView free and paid are the ads, features and usage limits. The free plan is the so-called Basic Plan. It is full of ad placements and only allows the use of essential features. On the other hand, the paid plans are all ad-free and provide access to much more alerts, data, functionalities and social network components.

Is it worth it to subscribe to TradingView Premium, or is TradingView Pro the better choice? TradingView Premium is the best choice for active traders and long-term data analysts since the Premium version provides access to everything within TradingView. This includes second-based time intervals, unlimited chart layouts, 25 indicators per chart and first priority support.

TradingView Pro, on the other hand, is a great choice to get started with an ads-free version of TradingView, supporting 2 charts per tab, 5 saved chart layouts, and 20 active alerts instead of up to 400 in the Premium plan.

The pricing is easy to understand. While TradingView Basic costs $0.00, the Paid Plans cost between $14.95 for Pro, $29.95 for Pro+ and TradingView Premium for $59.95 per month.

There are also annual subscriptions for the paid plans available. TradingView Pro costs $155.40, TradingView Pro+ $299.40 and TradingView Premium $599.40 per year. The yearly subscription comes with a -16% discount compared to the monthly plans, which is similar to 2 months free.

TradingView offers different pricing models. Keep in mind that the mentioned subscription costs are based on retail pricing. At the beginning of the TradingView review, you will find a detailed description of how to reduce the price by up to 50%.

The monthly subscription is a great way to test TradingView until you are 100% convinced that the TradingView platform is the best tool for your needs. Here are the prices for all monthly subscription types:

• TradingView Basic: $0.0
• TradingView Pro: $14.95
• TradingView Pro+: $29.95
• TradingView Premium: $59.95

The yearly subscription is the best choice for experienced traders who already know that TradingView is their best choice. The annual subscription requires an upfront payment and comes with a 16% discount compared to the monthly plan. That means that you get 2 months for free.

Here are the prices for all annual subscription types:

• TradingView Pro: $155.40
• TradingView Pro+: $299.40
• TradingView Premium: $599.40

TradingView provides free real-time data whenever the exchange allows them to do so. Still, exchange regulations require a monthly fee for real-time tick data and only deliver delayed data for free.

For example, any TradingView subscription includes free real-time US stock data from the Cboe BZX Exchange (formerly known as BATS exchange), which handles about 10% of the overall market activity in the US stock market. Traders and investors who want to see 100% of all trades, ticks and transactions can subscribe to various real-time market data feeds.

Monthly real-time data feed costs:

• Nasdaq: $3
• NYSE: $3
• Arca: $9
• CME Group (S&P E-mini included): $4
• OTC Markets: $2

In total 16 North-American, 31 European, 9 Middle East/African, 34 Asia/Pacific and 9 Mexico/South American exchanges are available. All of them are available for free with delayed data feeds. Many of them are even free of charge with real-time data. Others have a low monthly fee for real-time data.

TradingView does not make profits with market data. As per regulations by those exchanges, TradingView must collect those fees and then remit them to the individual exchange. A paid TradingView plan (Pro, Pro+, Premium) is needed to subscribe to real-time data.

TradingView is one of the best charting platforms for technical analysis and research for novice investors, trading beginners and active traders. TradingView works as a web-based version on any device and comes in addition to a separate app for iOS and Android.

If it is charting and technical analysis, then TradingView is the right choice. On the other hand, if you are looking for a bit more artificial intelligence-based technology along with a backtesting module, then TrendSpider might be the better choice for you. And if you want to take your trading to the next level, then Trade Ideas is your best option.

There are so many features and functionalities to explore, and the free TradingView version is a great way to get started with the platform.

If you follow the instructions at the beginning of the article, you also get a discount offer of 30%-50% after registering for the free version.

• TradingView is one of the most powerful technical analysis tools for investors, trading beginners and experienced traders. It is affordable and reliable, comes with extensive features, and the low price for the paid version makes it an excellent choice.

Yes. TradingView is free to use in the Basic Plan, which includes access to all basic functionalities. The paid plans are ad-free, support more time-frames and trading indicators and unlock access to more functionalities. The TradingView review explains all features, provides insights and compares the subscription plans.

Yes. You can trade TradingView via their integrated brokerage API. Over 170,000 users already use the brokerage API and connect TradingView with brokers like Interactive Brokers, TradeStation, Tradovate, and Optimus Futures.