TrendSpider Review – Is It Worth Paying For?

TrendSpider is an advanced charting and automated AI technical analysis platform built for traders. Over my several years of trading, I have used nearly every platform available, and I believe TrendSpider is one of the best for charting. Continue reading to learn more about TrendSpider and what to consider before spending money on it.

Pros and Cons of TrendSpider

Pros

Automated technical analysis features make charting easy

Seasonality trends help you spot which months a stock performs well

Track all markets, including stocks, ETFs, futures, crypto, and forex

Use up to 16 charts per layout, which is much higher than any competitor I have used

Cons

The web-based platform can feel clunky at times, while TradingView runs a bit smoother

A bit pricy when compared to competitors

Review of TrendSpider Charting & Indicators

When it comes to charting on TrendSpider, it provides everything a trader would want, including over 200 indicators to choose from and the ability to have up to 16 charts on one layout. TrendSpider offers a plethora of drawing tools, plus the automated features will draw trendlines for you. 

The platform even has its own proprietary chart type called raindrop charts, which is essentially like a volume profile built into a candle. Another feature I like about TrendSpider is the ability to set anchor points. For example, you can set the anchor point at the lowest point on the chart so your volume by price and anchored VWAP only show you the most relevant volume data. 

The only downside I have noticed about TrendSpider is the platform can feel a bit laggy at times, but it is not bad enough to be a huge burden. However, it is something to note if your computer isn’t the fastest. 

trendspider chart

TrendSpider’s Automated Technical Analysis Features

One of the best features of TrendSpider is the automated technical analysis tools. Here are all of the automated tools that TrendSpider offers:

  • Fibonacci levels – automatically draws Fibonacci retracements on your chart. My experience using this tool was hit or miss. Sometimes it worked perfectly, but sometimes I would prefer it to have drawn the retracements in different spots.
trendspider auto fibonacci tool
  • Trend lines – automatically draws several trend lines on your chart so you never miss key trends. The auto trend lines features is awesome, and it definitely catches lines that the human eye could easily miss.
trendspider auto trendline tool
  • Candlestick patterns – automatically detects candlestick patterns such as Doji and hammer candles. The auto candlestick pattern recognition is hit or miss in my experience, but it doesn’t hurt to turn it on.
trendspider auto candle pattern tool
  • Chart patterns – automatically detect triangles, head and shoulders, channels, and more. The auto chart patterns tool works well most of the time in my experience using it.
trendspider auto chart pattern tool
  • Heatmap – detects areas of support and resistance based on historical levels. The heatmap tool is a great extension to volume by price and helps highlight key levels.
trendspider auto heatmap tool

Using TrendSpider’s Scanner

Another great feature of TrendSpider is the scanner it offers, which can be prompted with a GPT condition or from a list of parameters. If you prompt the GPT parameters correctly, scanning for your exact parameters takes much less time. 

For example, instead of manually adding a parameter to scan for stocks above the 200 SMA, you can simply type “above 200 SMA,” and it will add the parameter for you. In my experience, it actually works better than I expected, and I highly recommend you try it if you are looking for an easy scanner. 

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Is TrendSpider Worth It?

While TrendSpider is a bit expensive compared to its competitors, I believe it is worth it for serious traders who want automated analysis and advanced indicators. You can also take advantage of my affiliate link to save 25% on your subscription. TrendSpider is incredibly innovative and offers proprietary features like raindrop charts and promptable scanners. 

While TrendSpider is great, I still believe that TradingView is the best overall charting software for most people due to its freemium model and much lower plan prices for premium features. However, TrendSpider does have more to offer than TradingView if you are willing to pay the price for it. I recommend you try several charting software out and decide which suits your needs the best before committing to an annual plan.

Keep in mind you can get a 30-day free trial of TradingView’s premium features when you use my affiliate link. Consider reading my article about TrendSpider vs. TradingView to continue your research. 

Option Omega Discount Code – 50% Off Coupon

option omega discount code: FinancialTechWIz

Option Omega is my favorite options backtesting software, and they allow me to provide Financial Tech Wiz readers with a coupon code so you can get 50% off your first year.

Option Omega Discount Code – FinancialTechWiz (50% Off First Year)

It is pretty simple to get Option Omega at 50% off; all you must do is click my affiliate link, and the discount will be automatically applied. If you have already signed up for an account but have yet to pay, you can also enter the discount code: FinancialTechWiz to claim your discount.

Is Option Omega Worth the Cost?

I have used Option Omega personally, and I believe it is the best options backtesting software available. It uses 1-minute historical data, the best I have ever seen. Plus, it is an automated backtesting software, which means you can test 10+ years of data in just minutes. 

option omega discount code: FinancialTechWIz

Maximizing Your Subscription With the Discount

My Option Omega discount code only works for monthly plans, but that is great for you since you can run all the backtests you need and then cancel if you don’t need the software anymore.

You can easily backtest several strategies in the first month, export them to CSV files, and save them on Google Drive or your PC to ensure you keep your backtesting data, even if you decide to cancel your subscription. 

Additionally, you can always resubscribe to Option Omega using my discount code if you want to use it again.  

The 3 Best Options Backtesting Software

best options backtesting software

Backtesting options strategies can be difficult, but there are plenty of free and paid software to streamline the process. 

My favorite options backtesting software is Option Omega because it has one-minute data back to 2013, and works for nearly every strategy. Continue reading to learn about Option Omega and my other favorite options backtesting software.

Summary of the 3 Best Options Backtesting Software

Option Omega: Best overall with one-minute data back to 2013

tastylive Lookback: Best free options backtesting

OptionNET Explorer: Best for manual backtesting


Best Options Backtesting Software Compared

You can use the table below to compare my top picks for options backtesting software:

FeatureOption Omegatastylive LookbackOptionNET Explorer
LinkGet 50% Off Option OmegaVisit tastylive LookbackGet 10% Off OptionNET Explorer
Best ForComprehensive and fast automated backtestingBeginners and cost-sensitive usersTraders who prefer manual backtesting and integration with brokers
Historical Data1-minute data from 1/1/2013 to yesterdaySeveral tickers back to 1/1/20105-minute, connect with brokers for real-time
Tickers CoveredSPY, SPX, IWM, QQQ, TSLAMost stocks, indices, and ETFs with optionsMost stocks, indices, and ETFs with options
Key FeaturesAutomated backtesting, Portfolio feature, Export to CSVFree, Advanced trade parameters, Forward testing, Export to CSVConnect with brokers, Real-time data access, Send orders to broker
Pricing7-day trial (limited to 2017 QQQ), $99/month, $599/year, 50% off first year with my affiliate linkFree10-day trial for £10, 3 months for £160, 12 months for £525

The 3 Best Options Backtesting Software Reviewed

1- Option Omega

Option Omega is my top pick for options backtesting because it is automated, has historical 1-minute data, and allows you to build portfolios to combine multiple strategies. You can read my full review of Option Omega to learn more. 

Key features:

  • Automated backtesting for SPY, SPX, IWM, QQQ, TSLA
  • 1-minute historical data so you can accurately test 0DTE and 1-DTE strategies
  • Test from 1/1/2013 – yesterday
  • Combine several backtests with the portfolio feature
  • Export backtests to CSV file to analyze further
option omega test parameters

Pros and Cons of Option Omega

Here are the pros and cons of Option Omega:

ProsCons
1-minute historical data, as close to real-time as possibleLimited to only 5 tickers
Can run 10+ year backtests dating back to 2013 in minutesCannot manually backtest
Highly customizable parameters
Available for $50 per month with my affiliate link, making it cheaper than OptionNET Explorer

Option Omega Pricing

Option Omega PricingDetails
7-day Free TrialLimited to 2017 QQQ
Monthly Subscription$99 per month
Annual Subscription$599 billed annually
Discount Offer50% off your first year with my affiliate link

2- tastylive’s Lookback

tastylive’s Lookback is great if you want to get started with backtesting options for free. It includes every major ticker, and allows you to get a feel for automated backtesting software. However, if you want to set advanced parameters and have the most accurate data, Option Omega is better. 

Key features:

  • Lookback is free, allowing anybody to get started with no barrier to entry
  • Ability to backtest individual trades
  • Set basic trade parameters for automated backtesting 
  • Forward testing capabilities
  • Test several tickers dating back to 1/1/2010
  • Export results to CSV file
tastylive lookback

Pros and Cons

Here are the pros and cons of tastylive Lookback:

ProsCons
Free to useLess customizable parameters than Option Omega
Automatic backtesting with many tickersData is likely not 1-minute historical data
Ability to export data to CSV

3- OptionNET Explorer (ONE)

OptionNET Explorer (ONE) is an excellent software to use if you run advanced multi-leg strategies that rely on several adjustments. Trades like the space trip trade (STT) and other advanced strategies require advanced software like ONE to track. Platforms like thinkorswim do a decent job at tracking these, but it becomes harder after a few adjustments. 

Key features:

  • 5-minute historical data
  • Connect with thinkorswim, IBKR, and Tradier, to monitor your live positions
  • Get free access to real-time data by connecting your brokers live data feed
  • Ability to send orders directly to your broker
optionnet explorer

Pros and Cons

Here are the pros and cons of OptionNET Explorer:

ProsCons
Connects with various brokersNo automated backtesting features
5-minute historical data for manual backtestingNo monthly pricing option

OptionNet Explorer Pricing

ONE costs 10GBP (~ $12) for a 10-day trial, 160GBP (~ $200) for 3 months, and 525GBP (~ $660) for one year.

OptionNet Explorer PricingDetails
10-day Trial10 GBP (about $12)
3 Months Subscription160 GBP (about $200)
Annual Subscription525 GBP (about $660)

Manual Backtesting vs. Automated Backtesting Software

Automated backtesting is when you set trade parameters and let the backtesting software do all of the work for you. A manual backtest is when you open, close, and stop out of all of your trades one by one while logging your results. 

Automated backtesting is generally preferred since it takes much less time, but it gives you less control over the results. Manual backtesting is best for testing complex multi-leg strategies since automated software may skew the results if some trades incur wide bid-ask spreads. 

For example, if your strategy only involves selling naked puts, automated backtesting will be fine. However, if you want to test an iron condor strategy, which involves four legs, manual backtesting will give you more control. 

thinkorswim vs. tastytrade (Formerly tastyworks) Comparison

tastytrade vs thinkorswim

I have used thinkorswim and tastytrade personally, and they are both great platforms for both active traders and long-term investors. tastytrade offers lower commissions for futures trading, but lacks in charting features compared to thinkorswim. Another difference is thinkorswim is owned by Schwab, giving you access to banking and other additional features tastytrade does not offer. tastytrade also offers crypto trading, while thinkorswim and Schwab do not.

Full disclousure, the links to tastytrade in this article are my referral link, and will give you a sign-up bonus. I may also receive a referral bonus at no extra cost to you.

Overview of thinkorswim

thinkorswim is a trading platform that is currently available for Charles Schwab and TD Ameritrade account holders. thinkorswim offers one of the best platforms for active traders thanks to its advanced charting features, active trader, and customizability make it an excellent platform for active day traders and long-term investors alike. 

tastytrade and thinkorswim were both founded by Tom Sosnoff. TD Ameritrade bought the thinkorswim platform in 2009 for $750m, and IG bought tastytrade in 2021 for $1b.

Overview of tastytrade

tastytrade (formerly tastyworks) is a brokerage platform owned by IG. It was designed to specialize in options trading and has the tastylive education network streaming live on the platform every day. tastytrade is an excellent platform for active traders, providing competitive futures and options pricing, an active trader tab, and live education. 


tastytrade vs thinkorswim

Pros and Cons

thinkorswim Pros

– Advanced charting and analytical tools catering to traders of all levels.

– Wide range of investable assets, including stocks, options, futures, and more.

– Highly customizable interface and trading environment.

thinkorswim Cons

– The platform’s extensive features might overwhelm new traders.

– Requires a TD Ameritrade account, which might be a barrier for some international traders.

tastytrade Pros

– Specializes in options trading with comprehensive tools and resources

– Offers the tastylive network for daily live trading education and insights.

– Competitive pricing structure for active traders.

tastytrade Cons

– May have a steeper learning curve for beginners not focused on options.

– Limited in terms of asset variety compared to more comprehensive platforms.


Options Trading on thinkorswim and tastytrade

thinkorswim and tastytrade are both excellent platforms for options traders. Both provide options chains with tons of customizability, allowing you to view the option data that matters to you whether it is delta, volume, or open interest. Both platforms also offer competitive pricing options and futures options.

thinkorswim vs. tastytrade Pricing

Featurethinkorswim Pricingtastytrade Pricing
Option Commissions$0.65 per contract$1 to open, free to close ($.07 fee per contract)
Futures Commissions$2.25 (+$1.40 fee) per contract$1.25 (+$0.30 fee) per contract
Futures Options Commission$2.25 (+$0.57 fee) per contract$2.50 to open (+$0.30 fee per contract), free to close
Micro Futures$2.25 (+$0.37 fee) per contract$0.85 (+$0.30 fee) per contract
Micro Futures Options$2.25 (+$0.22 fee) per contract$1.50 to open (+$0.30 fee per contract), free to close

The main difference is that thinkorswim is more cost-effective if you plan to let your option contracts expire since tastytrade frontloads the pricing when you open. 

Technical Analysis and Charting

thinkorswim takes the lead in technical analysis and charting, offering a more extensive array of tools and indicators than tastytrade. Its platform is designed to accommodate the needs of technical traders with customizable charts, a wide range of technical indicators, and drawing tools.

tastytrade does provide some solid charting tools, but it lacks advanced indicators like the volume profile and level II data.

Mobile Apps

tastytrade and thinkorswim offer solid mobile apps, but overall the tastytrade app provides a better user experience. The thinkorswim app seems a bit dated and overly complex, while the tastytrade app is more modern and provides a less clunky interface.

Fundamental Analysis Data & News

tastytrade and thinkorswim provide financial data and news directly in the platform, but thinkorswim is overall better when it comes to finding news articles per ticker and accurate fundamental data. 

thinkorswim provides real-time fundamental data like market cap and shares outstanding. tastytrade also offers similar features, but it is newer and seems not to be as consistent. 

thinkorswim has an excellent news widget where you can type a ticker and view relevant news stories for any company. tastytrade has some news available on its dashboard, but it doesn’t offer company-specific news. 

Data & Trading Execution

thinkorswim offers level II data, while tastytrade does not, giving thinkorswim the edge when it comes to advanced data availability. However, both platforms offer real-time data for free with a funded account. 

Both platforms also offer an active trader tab, allowing you to get in and out of trades quickly. 

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TrendSpider vs. TradingView | Which is Best For You? (2024)

tradingviewvstrendspider

If you are looking for a powerful and reliable platform to analyze and trade the financial markets, you might have come across TradingView and TrendSpider.

In this article, we will compare TradingView and TrendSpider based on their main features, benefits, drawbacks, and pricing. By the end of this article, you will have a clear idea of which platform suits your needs and preferences better.

tradingviewvstrendspider

Overview of TradingView

TradingView is one of the most widely used platforms for charting, screening, and trading the financial markets. It supports a wide range of markets and data sources, including international stocks, bonds, forex, crypto, and futures.

You can access TradingView from any web browser or mobile device, as well as integrate it with popular brokers such as Oanda, Interactive Brokers, TradeStation, and more.

Some of the main features and benefits of TradingView are:

  • A powerful and user-friendly screener that allows you to filter by technical and fundamental criteria, such as price, volume, indicators, earnings, dividends, ratings, and more.
  • A large library of indicators and drawing tools, as well as the ability to create custom indicators using Pine Script, a proprietary coding language that is easy to learn and use.
  • A direct broker integration that enables you to trade from the platform without switching to another application or website. You can also use paper trading to practice your strategies without risking real money.
  • A social network that enables you to share your ideas, learn from experts, and access live streams and trade signals. You can also join chat rooms, follow other traders, comment on charts, and participate in contests.

If you want to try TradingView risk-free, you can sign up for a TradingView free trial to test out all of the premium features at no cost! When you use my affiliate link to register, you will also get a discount on your subscription. You can also read my full review of TradingView to learn more.

Overview of TrendSpider

TrendSpider is a great alternative to TradingView for those who want a more advanced platform with automated technical analysis tools and more charts per layout.

TrendSpider is a relatively new platform that aims to automate technical analysis and make it easier and faster for traders. It uses artificial intelligence and machine learning to draw trendlines, chart patterns, Fibonacci retracements, candlestick patterns, and more. It also allows you to create custom strategies and backtest them with historical data.

Some of the main features and benefits of TrendSpider are:

  • An advanced automated chart pattern recognition that draws trendlines, chart patterns, Fibonacci retracements, candlestick patterns, and more. You can also adjust the sensitivity and accuracy of the automation according to your preferences.
  • A no-code custom strategy builder and backtester that allows you to test different scenarios and optimize your trading performance. You can use predefined templates or create your own based on custom parameters.
  • A comprehensive technical screener that incorporates pattern recognition and multiple timeframes. You can scan for stocks that match your criteria across different timeframes simultaneously.
  • An alternative data integration that provides insights from social media sentiment, analyst estimates, dark pool volume, short volume, and more. You can use these data sources to complement your technical analysis and find hidden opportunities.
  • Proprietary raindrop charts

If you want to try TrendSpider out, you can get 25% off your subscription using my affiliate link below! You can also read my full review of TrendSpider for more information.

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Get 25% Off TrendSpider!

Factors to Consider Between TradingView & TrendSpider

Both TradingView and TrendSpider offer excellent features and benefits for traders of all levels and styles. However, there are some differences between them that you should consider before choosing one over the other. Here is a table comparing some key features of TradingView and TrendSpider:

Indicator Selection

Both TradingView and TrendSpider offer plenty of indicators for technical analysis. However, there are some differences in their indicator selection that might affect your trading style.

TradingView Indicator Selection

TradingView offers session volume profiles, which show the distribution of volume within a specific day. This is great for day traders who enjoy using volume or market profile.

svp

TradingView also has a large community of people creating custom indicators using Pine Script, which is a proprietary coding language that is easy to learn and use. You can find thousands of custom indicators on TradingView’s public library or create your own based on your needs and preferences.

TrendSpider Indicator Selection

TrendSpider only offers volume by price, which shows the distribution of volume across different price levels over several days. The volume by price can be anchored from anywhere on the chart, so technically, you can anchor it at the start of the day to simulate a session volume profile.

TrendSpider does not have a similar community custom indicator feature, but its team is a lot more responsive and knowledgeable about trading, reducing the need for the community aspect.

Backtesting

Backtesting is the process of testing your trading strategies with historical data to evaluate their performance and profitability. Both TradingView and TrendSpider allow you to create and backtest your own trading strategies with custom parameters.

TradingView Backtesting

TradingView allows you to manually backtest your strategies by applying them to the chart and seeing how they would have performed in the past.

You can also write your own trading strategies using Pine Script, which gives you more flexibility and control over your logic and rules.

You can then use TradingView’s strategy tester to analyze the results of your backtesting, such as net profit, drawdown, win rate, and more.

TrendSpider Backtesting

TrendSpider allows you to create your own trading strategies without coding using its no-code custom strategy builder. You can use predefined templates or create your own based on custom parameters, such as indicators, patterns, timeframes, and more.

You can then use TrendSpider’s automated backtester to test your strategies with historical data and see how they would have performed in the past. The backtester allows you to compare different strategies and optimize them based on various metrics, such as net profit, drawdown, win rate, and more.

Multiple Chart Abilities

TrendSpider allows you to view up to 16 charts per layout, which is more than TradingView’s non-professional plans, which only offer up to 8 charts per layout.

This can give you more flexibility and convenience when analyzing multiple markets or timeframes at once. However, if you need more than 8 charts per layout on TradingView, you can upgrade to a professional plan that offers up to 16 charts per layout.

Another difference is that TrendSpider allows you to sync your charts across different timeframes, which means that when you change the timeframe on one chart, it will automatically change on all the other charts in the same layout.

trendspidermultiplecharts
Trendspider 16 Charts in a Layout

This can help you keep your analysis consistent and save time when switching between timeframes. TradingView does not have this feature, but you can use its split-screen mode to view different timeframes side by side.

You can read this article to learn more about using TradingView multiple charts.

Stock Screeners

Both TradingView and TrendSpider offer excellent stock screeners that allow you to filter stocks based on various criteria. However, there are some differences in their stock screeners that might affect your trading results.

TradingView Screeners

TradingView offers a technical and fundamental screener that allows you to filter stocks by technical and fundamental criteria, such as price, volume, indicators, earnings, dividends, ratings, and more.

You can also use TradingView’s social network integration to find stocks that are popular or trending among other traders. You can access live streams, trade signals, chat rooms, and more from TradingView’s social network.

TrendSpider Screeners

TrendSpider offers a technical screener that incorporates pattern recognition and alternative data integration. You can filter stocks by technical criteria, such as indicators, patterns, timeframes, and more.

You can also use TrendSpider’s pattern recognition feature to find stocks that match specific chart patterns or candlestick patterns across multiple timeframes. Additionally, you can use TrendSpider’s alternative data integration to find stocks that have unusual options volume, high social media sentiment, positive analyst estimates, high dark pool volume, high short volume, and more.

Mobile App

Both TradingView and TrendSpider have solid mobile apps that make charting on the go relatively easy. However, the web platforms are, of course, much better in terms of functionality and features.

TradingView Mobile App

TradingView’s mobile app is available for iOS and Android devices. It allows you to access most of the features of the web platform, such as charts, indicators, drawing tools, and more. However, some features are not available on the mobile app, such as Pine Script editor, strategy tester, split screen mode, and more.

TrendSpider Mobile App

TrendSpider’s mobile app is only available for iOS devices. It allows you to access most of the features of the web platform, such as charts, indicators, drawing tools, screeners, pattern recognition, and more. However, some features are not available on the mobile app, such as strategy builder, backtesting, alternative data integration, and more.

Pricing

TrendSpider is slightly more expensive than TradingView, but it also comes with more features and real-time data at no additional cost. TradingView charges for real-time data on top of the subscription charge, although many popular ETFs like SPY are just barely 1 second delayed without paying on TradingView.

TradingView’s pricing starts from $14.95/month for the basic plan and goes to $59.95/month for the highest tier subscription.

However, these prices do not include real-time data for most markets. You have to pay extra charges for real-time data depending on the market you want to access.

TrendSpider’s pricing starts from $39/month for the standard plan and goes up to $179 per month for the highest tier

trendspiderpricing
Get a TrendSpider Free Trial

These prices include real-time data for most markets except futures. You have to pay extra charges for futures data depending on the exchange you want to access.

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TradingView vs. TrendSpider | Bottom Line

TradingView and TrendSpider are both excellent platforms for charting, screening, and trading the financial markets. However, they have some differences that might make one more suitable for you than the other.

Ultimately, the choice between TradingView and TrendSpider depends on your personal preferences and trading goals. You can try both platforms for free for a limited time and see which one works better for you. Alternatively, you can use both platforms together to get the best of both worlds.

Check out my article about getting a TrendSpider free trial and a TradingView free trial for more information about signing up.

If you have made it this far, learn how to use our TrendSpider coupon code to get a discount on your subscription!

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TradingView vs. thinkorswim: A Detailed Comparison

tradingview vs thinkorswim

If you are looking for a trading platform that can help you perform technical analysis and execute trades, you may have come across TradingView and thinkorswim. These are two of the top trading platforms for technical analysis, but they have different features, costs, and suitability for different types of traders.

In this article, we will compare TradingView and thinkorswim in detail and help you decide which one is better for you. We will cover the following aspects of each platform:

  • Compatible brokers and assets
  • Technical analysis
  • User interface and design
  • Pricing and plans

By the end of this article, you will have a clear idea of which platform meets your trading needs and preferences.

I personally prefer to use a combination of TradingView for charting and tastytrade to place my trades.

tastytrade is essentially the newer version of thinkorswim, plus you can usually get up to a few thousand dollars when you fund a new tastytrade account and use my referral code.

tradingview vs 
thinkorswim
Get a TradingView Free Trial

How TradingView and thinkorswim Differ in Terms of Brokers and Assets

One of the first things to consider when choosing a trading platform is which brokers and assets it supports.

TradingView is a freemium service that provides you with charting, news, stock screeners, advanced indicators, and many more features. It also integrates with various brokers and offers trading for most asset classes, including cryptocurrencies. Many people use TradingView for charting, and place their trades on a separate brokerage account. TradingView is not a brokerage, but a software traders use for charting and other tools.

thinkorswim is also a charting platform, but it is owned by the brokerage Schwab, meaning you must have an funded Schwab or TD Ameritrade account to use the platform. thinkorswim is a free platform that only works with Schwab and TD Ameritrade and offers trading for stocks, options, bonds, futures, currencies, and Bitcoin futures.

Here are some of the advantages and disadvantages of each platform in terms of brokers and assets:

TradingView

Pros

  • Supports trading for stocks, bonds, commodity futures, currencies, and cryptocurrencies
  • Integrates with a variety of brokers, such as Interactive Brokers, Tradovate, AMP Global, OANDA, Forex.com, and Gemini
  • Allows you to trade directly from the charts or use paper trading to practice without risking real money

Cons

  • The level of integration may vary depending on the broker and the asset class
  • Does not support options trading or provide options analysis tools
  • Requires a paid subscription to access advanced features and services
tradingview vs thinkorswim
TradingView

thinkorswim

Pros

  • Supports trading for stocks, options, bonds, commodity futures, currencies, and Bitcoin futures
  • Fully integrated with TD Ameritrade’s brokerage services and account management
  • Supports options trading and includes options chain data and risk diagrams for multi-leg options strategies

Cons

  • Only works with Schwab (formerly TD Ameritrade) and requires a TD Ameritrade or Schwab account to use the platform
  • Does not support cryptocurrency trading or provide cryptocurrency price data
  • May have higher commissions and fees than some other brokers

Based on this comparison, TradingView may be the better choice for traders who want to trade a wider range of asset classes, especially cryptocurrencies, and have more flexibility in choosing their broker. Thinkorswim may be the better choice for traders who are already TD Ameritrade or Schwab customers or who want to trade options.

thinkorswim vs tradingview
thinkorswim

How TradingView and thinkorswim Compare in Terms of Technical Analysis

Technical analysis is the process of using charts, indicators, and patterns to analyze the price movements of an asset and predict its future direction. Both TradingView and thinkorswim offer comprehensive and customizable charting tools and indicators, but they have some differences in their technical analysis features.

TradingView excels in technical analysis and offers a wide range of charting tools and indicators. It is also more beginner-friendly and has a built-in trader community. Thinkorswim also provides robust charting capabilities and is known for its high-quality charts. It also supports options trading and includes options analysis tools.

Here are some of the similarities and differences between the two platforms in terms of technical analysis:

TradingView

Pros

  • Offers over 100 chart types, including candlestick, line, bar, renko, heikin ashi, kagi, point & figure, and more
  • New users can usually get a 30-day free trial when you use my link
  • Provides over 50 drawing tools, such as trend lines, channels, Fibonacci retracements, pitchforks, Gann tools, and more
  • Includes over 100 pre-built indicators, such as moving averages, oscillators, volume indicators, volatility indicators, and more
  • Allows you to create your own custom indicators using Pine Script or import indicators from other users
  • Has a built-in trader community where you can share your ideas, follow other traders, and get feedback

Cons

  • Requires a paid subscription to access more advanced features, such as the volume profile indicator, multiple charts per layout, intraday data, extended trading hours, and more
  • Does not support options trading or provide options analysis tools

thinkorswim

Pros

  • Offers over 20 chart types, including candlestick, line, bar, monkey bars, and more
  • Provides over 30 drawing tools, such as trend lines, channels, Fibonacci retracements, pitchforks, Gann tools, and more
  • Includes over 300 pre-built indicators, such as moving averages, oscillators, volume indicators, volatility indicators, and more
  • Allows you to create your own custom indicators using thinkScript or import indicators from other users

Cons

  • Has a steeper learning curve and may be overwhelming for beginners
  • Does not have a built-in trader community or a social media integration
  • May have some compatibility issues when using the desktop or mobile platform

Based on this comparison, TradingView may be the better option for traders who want to use a wider range of charting tools and indicators, or who want to interact with other traders and learn from their ideas. Thinkorswim may be the better option for traders who want to use options analysis tools.

How TradingView and thinkorswim Differ in Terms of User Interface and Design

User interface and design are important factors for trading platforms as they affect the user experience and satisfaction. A good user interface should be easy to navigate, intuitive to use, and visually appealing. A good design should be modern, responsive, and customizable.

TradingView has a more user-friendly and modern interface, while thinkorswim has a more vintage and customizable interface. Both platforms offer a web-based version as well as a desktop and mobile version.

Here are some of the pros and cons of each platform in terms of user interface and design:

TradingView

Pros

  • Has a simple and intuitive interface that is easy to use for beginners and experts alike
  • Has a modern and sleek design that is aesthetically pleasing and professional-looking
  • Has a web-based platform that can be accessed from any browser without downloading or installing anything
  • New users can usually get a free trial and a discount using this link

Cons

  • Has a limited customization options for the interface layout, colors, fonts, etc.
  • Has a desktop and mobile version that may not have all the features and functions of the web-based platform

thinkorswim

Pros

  • Has a high level of customization options for the interface layout
  • Has a desktop platform that is fast and reliable and offers more features and functions than the web-based platform

Cons

  • Has a complex and cluttered interface that may be confusing and overwhelming for beginners
  • Has a dated and bulky design that may not be appealing to some users
  • The desktop platform can get laggy at times, depending on your PC

Based on this comparison, TradingView may be the better choice for traders who want to use a simple and modern interface that is easy to use and access from any browser. Thinkorswim may be the better choice for traders who want to use a more customizable interface that offers more features and functions on the desktop platform.

How TradingView and thinkorswim Compare in Terms of Pricing and Plans

Pricing and plans are another important aspect to consider when choosing a trading platform, as they affect the access to features and services. TradingView is a free platform with optional pay-to-use service that offers different plans depending on the features and services needed, while thinkorswim is a free platform that comes with a TD Ameritrade or Schwab account.

Here are some of the details and differences between the two platforms in terms of pricing and plans:

TradingView

  • Offers four plans: Basic, Pro, Pro+, and Premium
  • The Basic plan is free and offers limited features, such as one chart per layout, one alert, three indicators per chart, etc.
  • The Pro plan costs $14.95 per month or $155.40 per year and offers more features, such as two charts per layout, 10 alerts, five indicators per chart, etc.
  • The Pro+ plan costs $29.95 per month or $299.40 per year and offers even more features, such as four charts per layout, 30 alerts, 10 indicators per chart, etc.
  • The Premium plan costs $59.95 per month or $599.40 per year and offers the most features, such as eight charts per layout, 200 alerts, 25 indicators per chart, etc.
  • All paid plans offer additional benefits, such as intraday data, extended trading hours, priority customer support, etc.
  • Usually offers a 30-day free trial for any paid plan

thinkorswim

  • Is free to use and only requires a funded account
  • Comes with a TD Ameritrade or Schwab account, which may have commissions and fees for trading certain assets
  • Offers all the features and services without any limitation or restriction

Based on this comparison, TradingView may be the better option for traders who want to access more advanced and expansive features and services, and who don’t mind paying a monthly or yearly fee. Thinkorswim may be the better option for traders who want to use a free platform with comprehensive features and services, and who are already TD Ameritrade customers or don’t mind opening an account with them.

FeatureTradingViewThinkorswim
Compatible BrokersVarious brokers, including Interactive Brokers, Tradovate, AMP Global, OANDA, Forex.com, and GeminiOnly TD Ameritrade & Schwab
Assets OfferedStocks, bonds, commodity futures, currencies, and cryptocurrenciesStocks, bonds, commodity futures, currencies, and Bitcoin futures
Options TradingNot supportedSupported with options chain data and P&L charts
PricingFreemium service with different plans ranging from $12.95 to $59.95 per month. You can also get a free trial. Free platform for TD Ameritrade & Schwab customers
Charting ToolsWider range of charting tools and indicators than ThinkorswimHigh-quality charts and options analysis tools
Ease of UseEasier to use than ThinkorswimMore complex and less intuitive than TradingView

TradingView vs. thinkorswim: Which Trading Platform Is Better for You?

In conclusion, TradingView and thinkorswim are both excellent trading platforms for technical analysis, but they have different features, costs, and suitability for different types of traders. Here is a summary of the main differences and similarities between the two platforms:

  • TradingView is a freemium service that integrates with various brokers and offers trading for most asset classes, including cryptocurrencies. Thinkorswim is a free platform that only works with TD Ameritrade or Schwab and offers trading for stocks, bonds, futures, currencies, and Bitcoin futures.
  • TradingView excels in technical analysis and offers a wide range of charting tools and indicators. It is also more beginner-friendly and has a built-in trader community. Thinkorswim also provides robust charting capabilities and is known for its high-quality charts. It also supports options trading and includes options analysis tools.
  • TradingView has a more user-friendly and modern interface, while thinkorswim has a more advanced and customizable interface. Both platforms offer a web-based version as well as a desktop and mobile version.
  • TradingView offers different plans depending on the features and services needed, while thinkorswim comes with a TD Ameritrade or Schwab account and offers all the features and services without any limitations or restrictions.

Based on this comparison, TradingView may be the better choice for traders who want to trade a wider range of asset classes, especially cryptocurrencies, and have more flexibility in choosing their broker.

TradingView may also be the better choice for traders who want to use a wider range of charting tools and indicators, or who want to interact with other traders and learn from their ideas. TradingView may also be the better choice for traders who want to use a simple and modern interface that is easy to use and access from any browser.

Thinkorswim may be the better choice for traders who are already TD Ameritrade or Schwab customers or those who want to trade options. Thinkorswim may also be the better choice for traders who want to use options analysis tools.

However, the final decision should be based on your individual preferences and trading requirements. You can try out both platforms and see which one suits you better. You can also read more articles on TradingView compared to other platforms like TradingView vs. NinjaTrader, TradingView vs. Webull, Barchart vs. TradingView, or TradingView vs. Finviz to learn more about their features and benefits.

FAQ: TradingView vs Thinkorswim

Is TradingView compatible with TD Ameritrade?

No, TradingView is not compatible with TD Ameritrade. TradingView works with a variety of different brokers, but TD Ameritrade is not one of them. On the contrary, Thinkorswim is exclusive to TD Ameritrade and Schwab clients and only allows trading through a TD Ameritrade or Schwab account.

Is TradingView the best charting tool?

TradingView is widely regarded as one of the best charting tools available online. Technical analysts favor it for its wide range of technical indicators, drawing tools, and charting features that can be customized. It also supports the automation of trading strategies through its Pine Script programming language.

Can I trade directly from TradingView?

Yes, you can trade directly from TradingView if you have an account with one of the supported brokers. TradingView integrates with brokers such as Interactive Brokers, Tradovate, AMP Global, OANDA, Forex.com, and Gemini. You can also use paper trading to practice your skills without risking real money.

How much is TradingView a month?

TradingView offers both free and paid subscription plans. The free version provides access to basic features, while the paid plans unlock additional features and data. The paid plans range from $14.95 to $59.95 per month, depending on the level of service and billing frequency. If you use my link, you can get a discount on your premium subscription!

Do I need a broker for TradingView?

No, you can use TradingView’s charting features without a broker. However, if you want to place trades, you will need a brokereage account, which TradingView does not provide. TradingView does not provide brokerage services itself but rather connects you with various brokers that offer different asset classes and trading conditions

Before you go

If you want to keep educating yourself about personal finance, you must check out these posts as well:

thinkorswim vs. tastytrade

What is the Most Successful Options Strategy

Options Trading for Income: The Complete Guide

Mark Minervini’s Trading Strategy: 8 Key Takeaways

The Best Options Trading Books

TradingView Pricing Guide

The Best Laptops and Computers for Trading

The Best Monitors for Trading

How to Get a TradingView Free Trial

The Best TradingView Indicators

TrendSpider vs. TradingView

TrendSpider Free Trial

TrendSpider Discount Code

TradingView vs. MT4 Charting Tools Compared

tradingviewvsmt4

TradingView and MT4 are both trading platforms that allow you to access the forex market, but they are not brokers. You still need to open an account with a broker that supports these platforms and execute your trades through them.

However, these platforms are not exactly the same. They have different features, advantages, and disadvantages that you should consider before choosing one over the other.

In this article, we will mainly focus on the charting features of TradingView and MT4.

tradingviewvsmt4
Get a TradingView Free Trial

TradingView vs. MT4 Overview

TradingView

TradingView is a web-based charting platform that was launched in 2011. It has quickly become one of the most popular and widely used charting tools among traders of all levels and markets. TradingView offers more than just forex trading; you can also access stocks, futures, cryptocurrencies, and other instruments on its platform.

tradingview vs mt4 tv overview
TradingView Dashboard

TradingView has a modern and user-friendly interface that allows you to customize your charts with various tools, indicators, drawing tools, and timeframes. You can also access a large community of traders who share their ideas, strategies, and analysis on the platform.

MT4

MT4 is a downloadable software platform that was launched in 2005 by MetaQuotes. It is one of the oldest and most widely used trading platforms in the forex industry. MT4 is designed specifically for forex trading, and it offers both trading and analytical features.

tradingview vt mt4 image
MT4

MT4 has a simple and customizable interface that allows you to create your own charts with various technical analysis tools, indicators, scripts, and expert advisors (EAs). You can also backtest your strategies and optimize your parameters on the platform.

FeatureTradingViewMetaTrader 4
IndicatorsOver 100 built-in indicators plus custom indicators with Pine Script.30 built-in indicators plus and ability to use thousands of custom indicators.
BacktestingAbility to backtest, paper trade, and optimize trading strategies.Ability to backtest using the strategy tester and trading bots.
Stock screenersAdvanced stock screener to filter based on many criteriaNo stock screeners are available.
Trading executionSupport trading from charts with supported brokers.Execute trades from the chart with supported brokers.
Broker availabilitySupport various brokers, including IBKR, Forex.com, Oanada, and more.Supports brokers, including Oanda, Forex.com, FXCM, and more.
Other featuresHeatmap, economic calendars, alerts, paper trading, backtesting, mobile app.Free trading robots, expert advisors (EA), mobile trading.
Get a TradingView Free Trial

TradingView Pros & Cons

Pros

  • TradingView is free to use and sign up. However, if you want to unlock more advanced features, such as more indicators, alerts, custom timeframes, etc., you can upgrade to one of its paid plans: Pro, Pro+, or Premium.
  • TradingView offers a free trial to test all of its premium features for 30 days. You can cancel anytime if you are not satisfied with the service.
  • TradingView has a wide range of instruments that you can trade on its platform. You can access more than just forex; you can also trade stocks, futures, cryptocurrencies, commodities, indices, bonds, CFDs, and more.
  • TradingView has a modern and intuitive interface that makes it easy to use and navigate. You can customize your charts with various tools, indicators, drawing tools, timeframes, layouts, themes, etc.
  • TradingView has more advanced charting tools and indicators than MT4. You can access over 100 built-in indicators, including some unique ones created by TradingView users. You can also create your own indicators using Pine Script, a programming language designed for TradingView.
  • TradingView has more features that enhance your trading experience, such as heatmaps, screeners, economic calendars, watchlists, trading alerts, paper trading, backtesting, etc.

tradingview vs mt4 tv chart
TradingView Chart

Cons

MT4 Pros & Cons

Pros

  • MT4 is free to download and use. However, you will need to open an account with a broker that supports MT4 and execute your trades through them.
  • MT4 is reliable and stable. It has been around for a long time and has proven its performance and functionality in the forex market. It rarely crashes or freezes, and it can handle high volumes of data and orders.
  • MT4 supports automated trading. You can use EAs to automate your trading strategies and execute them on the platform. You can also backtest your EAs and optimize your parameters on the platform.

Cons

  • MT4 is outdated and limited. It has not been updated or improved much since its launch in 2005. It lacks some of the features and tools that modern traders need, plus it looks old.
  • MT4 has a lack of instruments. It only supports forex trading, and it does not offer access to other markets or instruments, such as stocks, futures, cryptocurrencies, etc.
  • MT4 has a lack of chart timeframes compared to TradingView. On MT4, you can only access nine standard timeframes: M1, M5, M15, M30, H1, H4, D1, W1, and MN. On TradingView, you can access more than 20 timeframes, including custom ones, such as M2, M3, M10, H2, H8, etc. You can also access tick charts on TradingView, which show every price movement in the market.
  • MT4 has a lack of indicators compared to TradingView. On MT4, you can only access about 30 built-in indicators, and some of them are outdated or redundant. On TradingView, you can access over 100 built-in indicators, including some unique ones created by TradingView users. You can also create your own indicators using Pine Script, a programming language designed for TradingView.
  • MT4 has an outdated and complex interface that makes it hard to use and navigate. You may need to spend some time and effort to learn how to use the platform and customize it to your preferences.

TradingView vs MT4 – Bottom Line

TradingView and MT4 are both popular and widely used trading platforms for forex traders. However, they have different features, advantages, and disadvantages that you should consider before choosing one over the other.

TradingView is a web-based charting platform that offers more advanced charting tools and indicators than MT4. It also offers access to more instruments and markets than MT4. It has a modern and user-friendly interface that makes it easy to use and navigate. It also has a large and active community of traders who share their ideas and analysis on the platform.

MT4 is a downloadable software platform that offers both trading and analytical features for forex trading. It is reliable and stable, and it supports automated trading with EAs. It is customizable and flexible, and it supports multiple languages and platforms. However, it is outdated and limited in terms of charting tools, indicators, timeframes, and instruments.

Ultimately, the best platform for you depends on your personal preferences, trading style, and goals. However, it is clear that TradingView is a better all around trading and charting platform.

If you want to try TradingView for yourself and see how it compares to MT4, you can sign up for a free account here and get a free trial of TradingView. When you use my affiliate link, you will also get a discount on your membership!

tradingview banner

I hope this article has helped you understand the differences between TradingView and MT4 charting tools and make an informed decision on which one to use for your forex trading.

TradingView vs. TC2000: Which Platform is Better for You?

tradingviewvstc2000

If you are looking for a powerful and versatile platform to analyze and trade stocks and options, you may have come across TradingView and TC2000.

In this article, we will review TradingView and TC2000 in detail and help you decide which platform suits your needs and preferences.

tradingviewvstc2000
tradingviewvstc2000table

Overview of TradingView

TradingView is a web-based platform that combines multi-asset charting, screening, backtesting, and trading. TradingView covers stocks, bonds, forex, commodities, indices, and cryptocurrencies, making it suitable for traders and investors of different markets and styles. TradingView also integrates with several brokers, allowing you to trade directly from the charts with real-time data and execution.

TradingView has a freemium model, meaning you can use some of its features for free, but you need to upgrade to a paid plan to access more advanced tools and functionalities.

TradingView offers four subscription plans: Basic (free), Pro ($14.95/month), Pro+ ($29.95/month), and Premium ($59.95/month). The main differences between the plans are the number of indicators, alerts, charts, watchlists, and devices you can use simultaneously, as well as the availability of features like extended trading hours, custom intervals, intraday data, volume profile indicators, priority customer support, and more.

Overview of TC2000

TC2000 is a desktop-based platform that specializes in stock and options charting, scanning, and trading. It was created by Worden Brothers in 1993 and has won several awards for its software quality and customer service. TC2000 covers US and Canadian stocks and options, as well as some ETFs and mutual funds.

tc2000 charting
TC2000

TC2000 has a subscription-based model, meaning that you need to pay a monthly or annual fee to use the platform. TC2000 offers three subscription plans: Silver ($9.99/month), Gold ($29.99/month), and Platinum ($89.99/month). TC2000 also still charges a fee for each stock and option trade you make.

TradingView vs. TC2000 Features Compared

TradingView and TC2000 have many features in common, but they also have some significant differences that may affect your choice depending on your trading goals and preferences. Here are some of the main features that distinguish these two platforms:

Assets and Markets:

TradingView covers a wider range of assets and markets than TC2000. TradingView supports stocks, bonds, forex, commodities, indices, and cryptocurrencies from around the world, while TC2000 only supports US and Canadian stocks and options, as well as some ETFs and mutual funds. This means that if you want to trade or invest in other markets or assets than stocks and options, TradingView may be a better option for you.

Charting

Both platforms offer excellent charting capabilities, with hundreds of indicators, drawing tools, and chart types to choose from. However, TradingView has some advantages over TC2000 in terms of charting. For example,

TradingView allows you to create custom intervals, such as 2-minute or 7-hour charts, while TC2000 only offers standard intervals, such as 1-minute or 1-day charts. TradingView also supports volume profile indicators, which show the distribution of volume at different price levels, while TC2000 does not.

tradingview vs tc2000 tv chart
TradingView

Screening

Both platforms have powerful screening tools that allow you to scan the market for stocks and options that meet your criteria. However, TC2000 has some advantages over TradingView in terms of screening.

For example, TC2000 allows you to create custom conditions and formulas using PCF, while TradingView only lets you use predefined filters and indicators. TC2000 also has a feature called EasyScan, which lets you scan multiple watchlists and conditions simultaneously and see the results in real-time.

TradingView does not have a similar feature. Moreover, TC2000 has a feature called Options Scanner, which lets you scan the market for options strategies that meet your criteria, such as covered calls, naked puts, bullish spreads, etc. TradingView does not have a similar feature.

Backtesting

TradingView has a clear edge over TC2000 in terms of backtesting. TradingView allows you to backtest your strategies using Pine Script and see the results in a detailed report that shows the performance metrics, trades list, equity curve, drawdowns, etc. You can also optimize your strategies using different parameters and see how they affect the results. TC2000 also allows you to backtest your strategies using PCF, but the results are more limited and less informative than TradingView’s. You can only see the number of trades, win rate, average gain/loss, maximum drawdown, etc. You cannot optimize your strategies or see the equity curve or trades list.

Trading

Both platforms allow you to trade directly from the charts using real-time data and execution. However, TradingView has some advantages over TC2000 in terms of trading. For example, TradingView supports multiple brokers, such as TradeStation, Oanda, Interactive Brokers, Gemini, etc. This means that you have more choices and flexibility when it comes to choosing a broker with TradingView.

TradingView also supports trading stocks, forex, futures, and crypto globally, while TC2000 only supports trading stocks and options in the US and Canada. Moreover, TradingView has a feature called Paper Trading, which lets you practice your trading skills and strategies with virtual money and real-time data. TC2000 does not have a similar feature.

Pricing

Both platforms have similar pricing ranges, but TradingView offers more value for money than TC2000. TradingView’s subscription plans range from $0 to $59.95 per month, while TC2000’s subscription plans range from $9.99 to $89.99 per month.

However, TradingView offers more features and functionalities than TC2000 at each price point.

For example, TradingView’s Pro plan ($14.95/month) offers more indicators, alerts, charts, watchlists, devices, custom intervals, intraday data, extended trading hours, etc., than TC2000’s Gold plan ($29.99/month). Moreover, TradingView offers discounts for annual payments (up to 20% off), while TC2000 only offers discounts for bi-annual payments (16% off).

Usability

Both platforms are easy to use and have intuitive and user-friendly interfaces. However, TradingView has some advantages over TC2000 in terms of usability. For example, TradingView is web-based, meaning that you can access it from any device and browser without downloading or installing anything. TC2000 is desktop-based, meaning that you need to download and install it on your PC or Mac.

TradingView also has a mobile app for iOS and Android devices, while TC2000 does not. Moreover, TradingView has a feature called Social Network, which lets you interact with other traders and investors from around the world. You can share your charts and ideas, follow other users, comment on their posts, join groups and chat rooms, etc. TC2000 does not have a similar feature.

TradingView vs. TC 2000 Charting

Both TradingView and TC2000 offer excellent charting capabilities, with hundreds of indicators, drawing tools, and chart types to choose from. However, TradingView has some advantages over TC2000 in terms of charting that make it superior.

First of all, TradingView allows you to create custom intervals, such as 2-minute or 7-hour charts, while TC2000 only offers standard intervals, such as 1-minute or 1-day charts. Custom intervals can help you fine-tune your analysis and trading according to your preferred time frame and style.

Secondly, TradingView supports volume profile indicators, which show the distribution of volume at different price levels. Volume profile indicators can help you identify areas of support and resistance, as well as gauge the strength and weakness of price movements. TC2000 does not support volume profile indicators.

TradingView vs. TC2000 Pricing

Both TradingView and TC2000 have similar pricing ranges, but TradingView offers more value for money than TC2000.

TradingView has a freemium model, meaning that you can use some of its features for free, but you need to upgrade to a paid plan to access more advanced tools and functionalities.

TradingView offers four subscription plans: Basic (free), Pro ($14.95/month), Pro+ ($29.95/month), and Premium ($59.95/month). The main differences between the plans are the number of indicators, alerts, charts, watchlists, and devices you can use simultaneously, as well as the availability of features like extended trading hours, custom intervals, intraday data, volume profile indicators, priority customer support, and more.

TC2000 has a subscription-based model, meaning that you need to pay a monthly or annual fee to use the platform. TC2000 offers three subscription plans: Silver ($9.99/month), Gold ($29.99/month), and Platinum ($89.99/month).

tc2000 pricing
TC2000 Pricing

Another thing to consider is the trading commissions. Some of the brokers that TradingView supports offer commission-free trading for stocks and ETFs and low fees for options and other assets. For example, TradeStation charges $0 per trade for stocks and ETFs and $0.50 per contract for options.

On the other hand, TC2000 charges $4.95 per trade for stocks and ETFs and $2.95 plus $0.65 per contract for options. This means that if you trade frequently or in large volumes, TradingView may save you a lot of money in commissions compared to TC2000.

TradingView vs. TC2000 – Which is Best For You?

Both TradingView and TC2000 are excellent platforms that offer advanced charting, screening, and trading features. However, TradingView is clearly superior based on pricing and charting.

TradingView offers free plans and a wide range of brokers you can trade from that charge much lower fees than TC2000. Additionally, if you want to trade or invest in other markets or assets than stocks and options, such as forex, commodities, or cryptocurrencies, TradingView may be a better option for you.

TradingView is also better If you want to backtest and optimize your strategies using a simple and user-friendly programming language. TradingView has a feature called Pine Script, which lets you create your own indicators and strategies using a simple programming language.

You can also backtest and optimize your strategies using different parameters and see how they affect the results. TC2000 also has a scripting language called PCF (Personal Criteria Formula), but it is less user-friendly than Pine Script.

How to Get a TradingView Free Trial

If you are interested in trying out TradingView for yourself, you can sign up for a free trial using my affiliate link. You will get access to all the features and functionalities of the platform for 30 days. You can also cancel your subscription at any time if you are not satisfied with the service.

FAQ

Q: What is the difference between TradingView and TC2000?

A: TradingView is a charting platform, while TC2000 is a brokerage. However, you can connect some brokers to trade directly on TradingView.

Q: Is TC2000 good for day trading?

A: TC2000 can be a good platform for day trading stocks and options in the US and Canada, as it offers one of the best live trading platforms available anywhere.

Q: Is TradingView the best charting tool?

A: TradingView is widely regarded as one of the best charting tools in the industry, offering hundreds of indicators, drawing tools, and chart types to choose from.

Q: Do you need a broker with TradingView?

A: TradingView is not a standalone broker, meaning that you cannot trade directly with TradingView without connecting to a broker. TradingView supports multiple brokers that offer trading for different assets and markets. However, you do not need one to use the charting, backtesting, or screener.

Q: Can I backtest on TC2000?

A: TC2000 allows you to backtest your strategies using PCF (Personal Criteria Formula), a scripting language that lets you create custom conditions and formulas. You can apply your PCF to any watchlist or scan it and see how it performed in the past.

However, TC2000’s backtesting capabilities are more limited and less informative than other platforms, such as TradingView. You can only see the number of trades, win rate, average gain/loss, maximum drawdown, etc. You cannot optimize your strategies or see the equity curve or trades list.

Q: Is TC2000 screener free?

A: TC2000 screener is not free. You need to pay a monthly or annual fee to use the platform and access its screening features.

Before you go

If you want to keep educating yourself about personal finance, you must check out these posts as well:

What is the Most Successful Options Strategy

Options Trading for Income: The Complete Guide

Mark Minervini’s Trading Strategy: 8 Key Takeaways

The Best Options Trading Books

TradingView Pricing Guide

The Best Laptops and Computers for Trading

The Best Monitors for Trading

How to Get a TradingView Free Trial

The Best TradingView Indicators

TradingView vs. Coinigy: Which is Best for You?

tradingviewvscoinigy

TradingView and Coinigy are two popular platforms used by traders to trade and perform technical analysis. In this article, we will compare TradingView and Coinigy to help you decide which platform is better for you.

Overview of TradingView and Coinigy

TradingView

TradingView is a platform designed to provide real-time information and market insights for stocks, crypto, forex, and more. It is a charting and trading platform where you can gain access to some of the best technical analysis tools and several markets all in one platform.

Coinigy

Coinigy, on the other hand, mainly focuses on crypto trading. They were catapulted to the top of the industry by the cryptocurrency wave that swept across the world just a few years ago. The team behind this service seems focused on introducing a paradigm shift in the global financial industry.

FeatureTradingViewCoinigy
PricingFree – $59.95 per month Free trial for premium accessFree trial – $99.99 per month
Charting ToolsHTML5 charts with more than 50 intelligent drawing toolsMore than 75 technical indicators
Markets SupportedBonds, stocks, currencies, commodities, indices, cryptocurrencies, CFDs, and futures46 crypto exchanges, 19,239 markets, and 4,805 cryptocurrencies
Other FeaturesPine Script language, backtesting, custom indicatorsReal-time API and 3rd party integrations
Get a TradingView Free Trial

User Interface and Design

TradingView

TradingView has a highly intuitive user interface that makes it easy for users to navigate the platform. They also provide amazing heatmaps you can use for free. Additionally, TradingView is completely free to use if you just want charting. There are tons of free indicators you can use, and some advanced paid indicators you must have a subscription for as well.

Coinigy

Coinigy also has a user-friendly interface that allows traders to manage several accounts at more than a dozen cryptocurrency exchanges through a single app.

Charting and Technical Analysis Tools

TradingView

When it comes to charting tools, TradingView seems to have an upper hand with its HTML5 charts. The charts pack more than 50 intelligent drawing tools, and users can choose from many different chart types ranging from spread charts, line break, KAGI, and RENKO to PNF charts. Users can even adjust the system to accommodate multiple chart layouts or have multiple symbols on the chart.

Coinigy

Users can trade directly from the charting platform of their favorite exchanges with Coinigy. The platform has more than 45 exchanges so far and access to more than 75 technical indicators.

tradingview vs coinigy image
Coinigy

Market Data and Integration

TradingView provides real-time information and market insights for traders. Users can analyze bonds, stocks, currencies, commodities, indices, cryptocurrencies, CFDs, and futures. You can also build your own strategies with Pine Script and backtest them using TradingView’s backtesting software.

Coinigy allows you to access a real-time API, volume alerts, and use various third-party integrations. Coinigy also allows traders to access and chart 46 crypto exchanges, 19,239 markets, and 4,805 cryptocurrencies all from a single app.

Mobile Experience

Both TradingView and Coinigy have mobile apps available for users. However, the TradingView app is a bit easier to use and allows you to track stocks, crypto, forex, and more.

Pricing and Plans

TradingView offers a free plan as well as paid plans ranging from $12.95 to $59.95 per month. You can also get a free trial and a discount on your TradingView subscription using our affiliate link!

Coinigy offers a free 30-day trial followed by a monthly subscription fee from $18 to $99 per month, depending on the current deals.

TradingView vs. Coinigy | Bottom Line

Both TradingView and Coinigy are great platforms for traders. TradingView seems to have an upper hand when it comes to charting tools, while Coinigy offers more options for trading cryptocurrencies. Ultimately, the choice between the two platforms will depend on your individual needs as a trader.

Before you go

If you want to keep educating yourself about personal finance, you must check out these posts as well:

What is the Most Successful Options Strategy

Options Trading for Income: The Complete Guide

Mark Minervini’s Trading Strategy: 8 Key Takeaways

The Best Options Trading Books

TradingView Pricing Guide

The Best Laptops and Computers for Trading

The Best Monitors for Trading

How to Get a TradingView Free Trial

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TradingView vs. Investing.com: Which Platform is Better for Traders?

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TradingView vs. Investing.com | Introduction

Two of the most popular and comprehensive platforms for traders are TradingView and Investing.com.

In this article, we will compare and contrast TradingView and Investing.com across various criteria, such as user interface, charting tools, market coverage, pricing, and more.

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Overview of TradingView vs. Investing.com

TradingView and Investing.com are both online platforms that provide traders with various tools and resources for trading and investing.

They both have some core features and functionalities that make them popular and comprehensive platforms for traders. However, they also have some differences that make them unique and distinct from each other.

TradingView

TradingView is an online platform that was founded in 2011 by a group of traders and software developers. It is mainly focused on providing traders with interactive charts, advanced technical analysis tools, and social trading features.

TradingView has over 30 million monthly active users who use its platform to access real-time data from multiple sources, create custom indicators and strategies using pine script editor, backtest and optimize their trading systems using strategy tester, publish and share their trading ideas with other users, follow and copy other successful traders, and more.

TradingView Strengths

TradingView’s main strengths are its simplicity, elegance, and efficiency. It has a user-friendly interface that allows traders to easily navigate and customize their charts and tools. It also has a large and active community of traders who share their insights and feedback on various markets and instruments.

TradingView Weaknesses

TradingView’s main weaknesses are its limited data coverage and market insights. It does not cover some markets, such as options and futures, and it does not provide much news or fundamental analysis features.

Investing.com

Investing.com is an online platform that was founded in 2007 by a group of economists and entrepreneurs. It is mainly focused on providing traders with comprehensive data coverage, market insights, and portfolio management tools.

Investing.com has over 50 million monthly active users who use its platform to access real-time data from over 250 exchanges, historical data up to 20 years, global market coverage across 100+ countries, live news and analysis from various sources, and more.

Investing.com Strengths

Investing.com’s main strengths are its economic data and economic news. It has a user interface that allows traders to access a wide range of data and information from different markets and instruments.

Investing.com Weaknesses

Investing.com’s main weaknesses are its appearance and performance. It has a user interface that can be overwhelming and confusing for some users, especially beginners. It also has some issues with speed and reliability, especially on mobile devices.

CriteriaTradingViewInvesting.com
Charting and technical analysis toolsOffers advanced indicators, real-time data, backtesting, and custom indicators with Pine ScriptMinimal indicators, but the charts work fine and are real-time
Data coverage and market insightsLacking compared to Investing.comExtensive market research and recent market news is great
PricingPlans start at just $12.95 per monthPlans start at $19.99 per month

Charting and Technical Analysis Tools

TradingView and Investing.com have different charting and technical analysis tools that provide traders with different options and capabilities for charting and analysis. They both have some pros and cons that can make them more or less suitable for certain trading needs and preferences.

TradingView’s Charting and Technical Analysis Tools

tradingview vs investing.com tv chart
TradingView Chart With Market Profile

TradingView’s charting and technical analysis tools have the following features:

  • Interactive charts: TradingView allows users to create and manipulate interactive charts for their markets and instruments. Users can choose from various chart types such as line, candlestick, bar, area, etc. Users can also adjust the time frames from tick charts to 1 month.
  • Advanced indicators: TradingView allows users to apply and modify over 100 built-in technical indicators to their charts. Users can choose from indicators such as moving averages, oscillators, volume profile, Fibonacci retracements, etc. TradingView also offers several paid indicators.
  • Pine Script editor: TradingView allows users to create and edit their own custom indicators and strategies using the Pine Script editor. Pine Script is a programming language that is designed for trading purposes. Users can use pine script to code their own logic, formulas, conditions, and rules for their indicators and strategies.
  • Backtesting: TradingView allows users to backtest their custom indicators and strategies using historical data. Users can use TradingView’s backtesting tools to evaluate the performance and profitability of their indicators and strategies over time.
  • Strategy tester: TradingView allows users to test their custom indicators and strategies using real-time data. Users can use strategy tester to simulate the execution and outcome of their indicators and strategies in live market conditions. Users can also monitor the results and statistics of their indicators and strategies.

Investing.com’s Charting and Technical Analysis Tools

tradingview vs investing.com chart
Investing.com Chart

Investing.com’s charting and technical analysis tools have the following features:

  • Live charts: Investing.com allows users to access live charts for their markets and instruments. Users can choose from various chart types such as line, candlestick, bar, area, etc. Users can also adjust the time frames from 1 minute to 1 month. Users can also zoom in and out, pan, scroll, and crosshair their charts.
  • Basic indicators: Investing.com allows users to apply and modify over 30 built-in technical indicators to their charts. Users can choose from indicators such as moving averages, oscillators, trend lines, Bollinger bands, etc. Users can also customize the parameters, colors, styles, and scales of their indicators.
  • Technical summaries: Investing.com provides users with technical summaries for their markets and instruments. Technical summaries are concise overviews of the technical analysis of the markets and instruments based on various indicators and time frames. Technical summaries also provide users with buy/sell signals based on the technical analysis.
  • Pattern recognition: Investing.com provides users with pattern recognition tools for their markets and instruments. Pattern recognition tools are automated tools that identify and highlight various chart patterns such as triangles, wedges, flags, etc. Pattern recognition tools also provide users with potential price targets based on the chart patterns.

Data Coverage and Market Insights

TradingView’s Data Coverage and Market Insights

TradingView’s data coverage and market insights have the following features:

  • Real-time data from multiple sources: TradingView provides users with real-time data from multiple sources such as exchanges, brokers, data providers, etc. Users can access real-time data for various markets such as stocks, forex, crypto, commodities, indices, etc. Users can also choose the preferred data source for their markets and instruments.
  • Historical data up to 40 years: TradingView provides users with historical data up to 40 years for their markets and instruments. Users can access historical data for various time frames such as daily, weekly, monthly, etc. Users can also use historical data for backtesting and analysis purposes.
  • Global market coverage across 135+ exchanges: TradingView provides users with global market coverage across 135+ exchanges in over 65 countries. Users can access data and information from various markets such as US, UK, Japan, China, India, etc. Users can also compare and contrast different markets and instruments across different regions and countries.
  • Unique features and indicators: TradingView provides users with unique features and indicators that enhance their data coverage and market insights. Some of these features and indicators are:
    • Economic calendar: TradingView provides users with an economic calendar that shows the upcoming economic events and indicators that can affect the financial markets. Users can filter the economic calendar by country, category, importance, etc. Users can also see the expected, actual, and previous values of the economic indicators.
    • Earnings calendar: TradingView provides users with an earnings calendar that shows the upcoming earnings reports of various companies. Users can filter the earnings calendar by market, sector, industry, etc. Users can also see the expected, actual, and previous values of the earnings per share (EPS) and revenue.
    • Seasonality: TradingView provides users with a seasonality tool that shows the historical performance of various markets and instruments over different periods of time. Users can use the seasonality tool to identify patterns, trends, cycles, and anomalies in the markets and instruments.
    • Crypto screener: TradingView provides users with a crypto screener that allows them to scan and filter various cryptocurrencies based on various criteria such as price, volume, market cap, change, etc. Users can also sort and rank the cryptocurrencies based on various metrics such as performance, volatility, liquidity, etc.

Investing.com’s Data Coverage and Market Insights

Investing.com’s data coverage and market insights have the following features:

  • Real-time data from over 250 exchanges: Investing.com provides users with real-time data from over 250 exchanges around the world. Users can access real-time data for various markets such as stocks, forex, crypto, commodities, indices, futures, options, etc. Users can also see the bid/ask prices, spreads, volumes, etc. of their markets and instruments.
  • Historical data up to 20 years: Investing.com provides users with historical data up to 20 years for their markets and instruments. Users can access historical data for various time frames such as daily, weekly, monthly, etc. Users can also use historical data for analysis and comparison purposes.
  • Global market coverage across 100+ countries: Investing.com provides users with global market coverage across 100+ countries in over 30 languages. Users can access data and information from various markets such as US, UK, Japan, China, India, etc. Users can also switch between different languages and currencies according to their preferences.
  • Additional market insights or news features: Investing.com provides users with additional market insights or news features that enhance their data coverage and market insights. Some of these features are:
    • Live news and analysis: Investing.com provides users with live news and analysis from various sources such as Reuters, Bloomberg, CNBC, etc. Users can access live news and analysis for various markets and instruments. Users can also filter the news and analysis by category, importance, source, etc.
    • Sentiment indicators: Investing.com provides users with sentiment indicators that show the mood and opinion of the trading community on various markets and instruments. Users can access sentiment indicators such as bullish/bearish percentage, buy/sell signals, investing.com technical summary, etc.
    • Portfolio tools and alerts: Investing.com provides users with portfolio tools and alerts that allow them to manage their portfolio performance and get alerts on market movements and opportunities. Users can create and track multiple portfolios for their markets and instruments.

TradingView vs. Investing.com Pricing

TradingView and Investing.com have different pricing and subscription plans that provide traders with different options and capabilities for accessing their features and functionalities. They both have some pros and cons that can make them more or less suitable for certain trading needs and preferences.

TradingView’s Pricing and Subscription Plans

TradingView’s pricing and subscription plans have the following features:

  • Free plan: TradingView offers a free plan that allows users to access some of its features and functionalities for free. Users can use the free plan to access interactive charts, basic indicators, data coverage, market insights, social trading features, etc. However, the free plan has some limitations, such as ads, fewer indicators, fewer alerts, fewer data sources, etc.
  • Free Trial: New users can usually try out any of TradingView’s premium plans for free when they use our affiliate link.

  • Paid plans: TradingView offers paid plans that allow users to access more of its features and functionalities for a monthly or annual fee. Users can choose from the following paid plans:
    • Pro plan: The pro plan costs $14.95 per month or $155.40 per year. Users can use the pro plan to access an ad-free experience, more indicators, multiple charts, more alerts, more data sources, etc.
    • Pro+ plan: The pro+ plan costs $29.95 per month or $299.40 per year. Users can use the pro+ plan to access all the features of the pro plan plus more layouts, more devices, intraday renko charts, custom intervals, etc.
    • Premium plan: The premium plan costs $59.95 per month or $599.40 per year. Users can use the premium plan to access all the features of the pro+ plan plus more indicators per chart, more alerts per chart, priority customer support, etc.
  • Discounts: TradingView offers discounts for users who choose to pay annually instead of monthly. Users can save up to 16% by paying annually instead of monthly.

Investing.com’s Pricing and Subscription Plans

Investing.com’s pricing and subscription plans have the following features:

  • Free plan: Investing.com offers a free plan that allows users to access most of its features and functionalities for free. Users can use the free plan to access data coverage, market insights, charting tools, portfolio tools, alerts, social trading features, etc. However, the free plan has some limitations, such as ads, fewer portfolio tools, fewer analysis tools, fewer data sources, etc.
  • Paid plans: Investing.com offers Investing Pro plans that allow users to access more of its features and functionalities for a monthly or annual fee. Users can choose from the following paid plans:
    • Investing Pro: The Investing Pro plan costs $34.99 per month or $299.99 per year, or $479 for two years. Users can use the premium plan to access ad-free experience, advanced portfolio tools, premium analysis tools, premium data access, etc.
  • Discounts: Investing.com offers discounts for users who choose to pay annually instead of monthly. Users can save up to 42% by paying annually instead of monthly.

TradingView vs. Investing.com | Bottom Line

TradingView and Investing.com are both online platforms that provide traders with various tools and resources for trading and investing. They both have some core features and functionalities that make them popular and comprehensive platforms for traders. However, they also have some differences that make them unique and distinct from each other.

TradingView is mainly focused on providing traders with interactive charts, advanced technical analysis tools, and social trading features. However, TradingView lacks in market news and anything other than technical analysis. You can learn more in our complete TradingView tutorial.

Investing.com is mainly focused on providing traders with comprehensive data coverage, market insights, and portfolio management tools. Investing.com’s charting is good and includes several indicators, but TradingView’s interactive charts are much better for technical analysis.

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