Quality charts and top indicators on TradingView
About TradingView - precise technical analysis
Technical tools and charts TradingView
TradingView is a research company that provides traders and brokers with tools for analyzing various markets and assets. It cooperates with a limited number of brokerage firms. And these affiliated companies offer trading directly from the TradingView platform. Although the basic services here are free, the most effective tools are charged a monthly fee. The TradingView platform specializes in charting, research and social media through its website.
Get your top charts and indicators on the TradingView platform
The TradingView site comes with many free features, and they can be used without registration. Subscribing to the paid version makes sense if you feel the need for additional features, such as multiple charts, layouts, and customizable time intervals.
Indicators and charts. In the free version, you can open one chart per tab, while TradingView Premium supports up to 8 charts per tab. Those who have at least registered for the free version can save their own charts for each layout and choose between twelve different chart types. In TradingView, saved chart layouts can be opened with just a few mouse clicks. Professional subscribers can export chart data, set their own time intervals and create their own daily charts based on spreads.
Drawing tools. More than 50 smart drawing tools are available for all plans. These include lines and trends, geometric shapes, patterns and annotations. These drawing tools are the foundation of technical analysis. Markets can go up and down. Regardless of the direction, TradingView will help you understand the technical aspects of the markets even better.
Server alerts. Do you want to set price alerts at specific levels for your favorite stocks? With TradingView you can do that with just a few clicks. Even the free version allows you to use server alerts. And the more you pay for a subscription; you can set more alerts. A nice feature is that these alerts can be set to a specific price or even to indicators or patterns. All in all, you choose from 12 different alert conditions. You get alerts via SMS, sending them to your phone, through various services, or via email.
Simulated trading is a fun feature, and traders can test new strategies without any risk. You can also create watch lists and trade without TradingView during extended trading hours.
Other features. The TradingView site supports extended trading hours, custom scanning based on your trading strategies, and a great community. Their stock checker gives you the ability to scan the market based on your scanning criteria.
Indicators and charts. In the free version, you can open one chart per tab, while TradingView Premium supports up to 8 charts per tab. Those who have at least registered for the free version can save their own charts for each layout and choose between twelve different chart types. In TradingView, saved chart layouts can be opened with just a few mouse clicks. Professional subscribers can export chart data, set their own time intervals and create their own daily charts based on spreads.
Drawing tools. More than 50 smart drawing tools are available for all plans. These include lines and trends, geometric shapes, patterns and annotations. These drawing tools are the foundation of technical analysis. Markets can go up and down. Regardless of the direction, TradingView will help you understand the technical aspects of the markets even better.
Server alerts. Do you want to set price alerts at specific levels for your favorite stocks? With TradingView you can do that with just a few clicks. Even the free version allows you to use server alerts. And the more you pay for a subscription; you can set more alerts. A nice feature is that these alerts can be set to a specific price or even to indicators or patterns. All in all, you choose from 12 different alert conditions. You get alerts via SMS, sending them to your phone, through various services, or via email.
Simulated trading is a fun feature, and traders can test new strategies without any risk. You can also create watch lists and trade without TradingView during extended trading hours.
Other features. The TradingView site supports extended trading hours, custom scanning based on your trading strategies, and a great community. Their stock checker gives you the ability to scan the market based on your scanning criteria.
Pro+ and Premium subscribers get access to customizable community chats. Trading education is not part of their services. Consider using one of the best day trading courses to learn more about day trading. Technical indicators allow users to carefully plan their investment and trading strategies.
However, some technical indicators are not available and traders may require more expensive tools. Volume profile indicators are an interesting feature for users. They can be used with any paid plan. The allowed number of indicators on the chart depends on your subscription. Available from 3 to 25 indicators per chart.
However, some technical indicators are not available and traders may require more expensive tools. Volume profile indicators are an interesting feature for users. They can be used with any paid plan. The allowed number of indicators on the chart depends on your subscription. Available from 3 to 25 indicators per chart.
What are the pros and cons of the TradingView platform
Every tool and site has disadvantages as well as advantages. The TradingView product in this sense is no exception. Experienced traders highlight the following advantages of the TradingView site:
The ability to draw anything. The TradingView charts have many possibilities compared to Meta Trader 4 where you can only draw horizontal and vertical lines. To draw any chart on the Trading View website, all you need to do is pick any tool and just do it. But that's not all. Literally every trading tool you could ever think of to draw on your chart is available.
The ability to divide your screen into many synchronized charts. Depending on your trading style, you may need to consider multiple timeframes before you enter a trade. But unfortunately, not all platforms and terminals have this feature. Often the user has to press a button and switch between timeframes. Or you can open several charts in advance, and in this case your drawings/indicators will be displayed on only one chart. The TradingView site makes viewing timeframes much easier by allowing you to see multiple charts on the same screen. Moreover, you can synchronize all images on all charts, if there is a need to do so. You can then apply additional settings to the timeframes, such as locking any of them.
The possibility of accountability through the publication of their trading ideas. Thanks to this you can form a community, discuss ideas, hear different points of view, and finally find a working idea to work with. TradingView has a social feature where you can post trade ideas. These ideas are images of potential trades based on your analysis.
In addition to the advantages and features mentioned above, TradingView has a number of disadvantages:
You will have to pay for some of the functionality of the site. The trading view site offers several unique features, some of which are only available for a subscription. For example, a screen with multiple charts will require you to purchase a Pro subscription.
It is necessary to have several tools at your fingertips. The TradingView site itself is not a trading platform through which you can make trades. Although the site partners with several brokerage firms, it has limited functionality for trading, and is more for analyzing, discussing ideas. This means you need to use the terminal in addition to TradingView.
The charts are not always synchronized. As some reviews have reported, TradingView charts don't always sync up. Sometimes closing the browser too quickly results in losing all recent analytical work.
The ability to draw anything. The TradingView charts have many possibilities compared to Meta Trader 4 where you can only draw horizontal and vertical lines. To draw any chart on the Trading View website, all you need to do is pick any tool and just do it. But that's not all. Literally every trading tool you could ever think of to draw on your chart is available.
The ability to divide your screen into many synchronized charts. Depending on your trading style, you may need to consider multiple timeframes before you enter a trade. But unfortunately, not all platforms and terminals have this feature. Often the user has to press a button and switch between timeframes. Or you can open several charts in advance, and in this case your drawings/indicators will be displayed on only one chart. The TradingView site makes viewing timeframes much easier by allowing you to see multiple charts on the same screen. Moreover, you can synchronize all images on all charts, if there is a need to do so. You can then apply additional settings to the timeframes, such as locking any of them.
The possibility of accountability through the publication of their trading ideas. Thanks to this you can form a community, discuss ideas, hear different points of view, and finally find a working idea to work with. TradingView has a social feature where you can post trade ideas. These ideas are images of potential trades based on your analysis.
In addition to the advantages and features mentioned above, TradingView has a number of disadvantages:
You will have to pay for some of the functionality of the site. The trading view site offers several unique features, some of which are only available for a subscription. For example, a screen with multiple charts will require you to purchase a Pro subscription.
It is necessary to have several tools at your fingertips. The TradingView site itself is not a trading platform through which you can make trades. Although the site partners with several brokerage firms, it has limited functionality for trading, and is more for analyzing, discussing ideas. This means you need to use the terminal in addition to TradingView.
The charts are not always synchronized. As some reviews have reported, TradingView charts don't always sync up. Sometimes closing the browser too quickly results in losing all recent analytical work.
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