TradingView Archives - Financial Tech Wiz

TradingView Review: Features, Pricing, and Reviews (2024)

TradingView is a popular online platform for traders and investors to analyze financial markets with charts and fundamental data.

The free version of TradingView is great and offers nearly real-time data for major stocks and ETFs like SPY and AAPL. Plus, you can use it to chart all markets, including stocks, ETFs, futures, crypto, forex, and more, making it a one-stop shop for all types of traders.

TradingView also offers premium plans with more features like the ability to get real-time data, advanced indicators like the volume profile, and access to multiple charts on a single layout.

TradingView Review – Key Takeaways

After my several years of trading and using nearly every trading platform, I rate TradingView as the best overall charting software available thanks to its freemium model, the ability to track all markets on a single platform, a large selection of indicators, and the seamless performance it provides. You can create an account and use it entirely for free, and you can always upgrade to a paid plan later on if you feel it is necessary.

TradingView Pros and Cons

Pros

✔ Track all markets, including stocks, ETFs, futures, crypto, and forex on a single platform

✔ Real-time data is provided at no cost whenever possible, while most competitors are delayed on free accounts

✔ The platform performance is extremely smooth and rarely experiences lag compared to competitors

✔ You can connect with compatible brokers and utilize real-time data if you already pay for it

Cons

✘ If you want consistent real-time data, you must purchase it directly from the exchanges for an additional fee

TradingView Pricing and Plans

TradingView is completely free to use but offers several paid subscription options, including:

Essential: 2 charts per tab, 5 indicators per chart, 20 price alerts, and 20 technical alerts.
Plus: 4 charts per tab, 10 indicators per chart, 100 price alerts, 100 technical alerts.
Premium: 8 charts per tab, 25 indicators per chart, 400 price alerts, 400 technical alerts.

Here is a table comparing the pricing of the different plans:

	Free	Essential	Plus	Premium
Cost (monthly)	$0	$14.95	$29.95	$59.95
Cost (annually)	$0	$155.40 (save 13.38%)	$299.40 (save 16.69%)	$599.40 (save 16.69%)
Charts per tab	1	2	4	8
Indicators per chart	2	5	10	25
Saved chart layouts	1	5	10	Unlimited
Watchlists	1	Unlimited	Unlimited	Unlimited
Price alerts	5	20	100	400
Technical alerts	1	20	100	400
Links		Free trial	Free trial	Free trial

New users can usually test the paid plans by getting a TradingView free trial. You can view our TradingView plans comparison article for more information.

When you use my affiliate link to sign up for TradingView, you can get a referral credit and a 30-day free trial of the premium features!

Get a TradingView Referral Credit & Free Trial

Get Your Free Trial & Referral Credit Now!

Who is TradingView Best For?

TradingView is best for anybody who trades stocks, futures, crypto, or forex and wants a single platform to chart all of these assets. Many other charting platforms charge for real-time data, but TradingView offers it for free wherever it can. This means even if you don’t pay for a TradingView plan, you can still use it for charting with nearly real-time data.

Utilizing TradingView’s Features

The main features of TradingView include charting, screeners, backtesting, economic calendars, alerts, watchlists, and more! All of these features are easy to access from the home screen, so let’s cover them in depth.

TradingView Technical Analysis Charting Review

One of the best features of TradingView is the ability to chart all markets within a single platform, including assets like stocks, ETFs, futures, forex, cryptocurrencies, and more.

Many brokerages offer charting, but generally, they are made for just one asset class. Additionally, brokerage charting platforms are usually an afterthought, while TradingView is designed for active traders seeking advanced charting tools. Therefore, many traders will place trades on a brokerage platform while using TradingView for charting.

TradingView also allows you to code custom indicators and strategies with its proprietary Pine Script language. There are tons of TradingView indicators you can use for free by default, plus there are paid indicators like the volume profile you can use with a premium subscription.

Using the TradingView Screeners

Another excellent feature TradingView offers is screeners for stocks, crypto, and forex. The TradingView Screener 2.0 is the most advanced one and is free to use; you just need to sign up for a free TradingView account.

You can customize these screeners based on your preferences, allowing you to discover trading opportunities with ease.

For example, if you are an investor, you can scan for stocks based on fundamental data like P/E ratios and EPS. Active traders can also search for high-volatility stocks based on % change and volume. The ideas are endless with TradingView’s screeners, suiting both active and long-term traders.

Backtesting on TradingView

TradingView allows you to backtest strategies with the bar replay feature and the strategy tester. The bar replay feature is available to free users and allows you to backtest trades directly on a live chart.

The strategy tester is a way to backtest Pine Script coded strategies. There are some community-made strategies you can use, plus you can create your own. You can read our TradingView backtesting guide for more information.

Settings Alerts on TradingView

TradingView allows you to set alerts on both price and technical indicators. For example, you can set an alert if an asset moves above or below a specific price, allowing you to stay on top of your positions even when you aren’t actively watching the charts. You can also set alerts based on indicators, which is especially useful for indicators that provide buy and sell signals like moving average crossovers.

TradingView’s Economic Calendar

TradingView has an economic calendar you can view right next to your chart while you trade, which is great for staying on top of market-moving news like Fed announcements and economic data releases.

You can filter by country, allowing you to pick which news is most important to you. Another feature is you can select the high-importance filter, ensuring you only see significant news events on the calendar.

Creating Watchlists on TradingView

You can create and view your watchlists on TradingView by clicking the icon at the top right corner. Once you click the watchlist icon, you can create new watchlists by using the plus icon. You can change to your other watchlists by clicking on the name of the watchlist you are currently viewing to toggle between them.

Accessing Real-Time Data

When it comes to active trading, having access to real-time data is essential. For most instruments, you can buy real-time data from the exchanges directly through TradingView.

Note that a paid subscription does not include real-time data as it is a subscription cost ranging from $2-$10 per month. To learn more about real-time data on TradingView, check out our detailed article on the subject.

TradingView User Reviews

Overall, TradingView has many positive reviews but also some negative ones. It has an A+ BBB rating and tons of reviews on Trustpilot you can view. Here are some recent customer reviews from credible sources:

Positive Reviews

Positive TradingView reviews praise its intuitive layout, helpful customer support, and call it an essential one-stop shop for all trading information needs.

“Simply the best place to get all trading info you may ever need for any kind of trading, from the most conservative stocks to crypto. The ultimate one-stop solution for any tech analysis.” – Vlad on Trustpilot on 19 Dec 2023

“This is a fantastic platform in my opinion. I’ve been using it for a few years now (both the web version & app) and have had no issues. Everything is extremely well laid out and easy to access. What I find especially great about it, is that is has features I didn’t even know I wanted until I was in need of them. Customer service has always been on point in my experience too, I usually get a response within 24 hours. Great job TradingView … keep it up!” – Edward on Trustpilot on 17 July 2023

“Great software, great tools and community. But automatic payments were ON, after 2 years they billed me 190$. I opened a support ticket, and they refunded me within a few hours. Excellent support team and software!.” – Jochem on Trustpilot on 3 July 2023

Negative Reviews

Negative TradingView reviews complain about customer service being hard to reach. Many people have trouble finding how to contact support. According to Trustpilot, the support email for TradingView is: [email protected], and the phone number is: +1 833 247 1523.

“No phone number or email provided on website and no way to talk with anyone for billing issue. Sign up for free trial and keeps withdrawing money from our account without our authorization. Ask to open a ticket for support, however, you have to go through the list which does not have your problem at all and they design the way you never reach to the last step to open a ticket. If they don’t want to talk with the customer, why they have a business?” – JH on Trustpilot on 28 Nov 2023.

TradingView Review – My Final Take

TradingView offers a wide range of tools and charts, an active community of traders, and flexible pricing options. It is definitely worth considering if you’re looking for a trading analysis platform.

The free version of the platform is great for casual investors and allows you to view most assets with nearly real-time data for free.

If you are actively trading and require advanced indicators, more charts per layout, and real-time data, you should consider upgrading to a paid plan.

When you sign up for TradingView using my link, new users can usually get a free trial and a discount on a premium subscription!

Can You Trade on TradingView?

TradingView is not a brokerage platform, so the only way you can trade on it is by connecting it with a broker that supports integration with TradingView. Continue reading to learn more about trading through TradingView.

Can You Trade Directly on TradingView?

Yes, TradingView allows direct trading through its platform. This is possible through integration with various brokers such as Interactive Brokers, TradeStation, Webull, and others. This feature allows users to trade directly from the charts or through custom strategies developed in Pine Script.

How to Integrate Your Broker With TradingView

Integrating your broker with TradingView involves a few simple steps:

Sign up for a free TradingView account (use my affiliate link to get a referral credit and a free trial).
Navigate to the Trading Panel on TradingView and find your broker in the list.

Follow the prompts to connect your brokerage account with your TradingView profile.

interactive broker connect to tradingview

Once connected, you can start trading directly from TradingView’s charts.

What brokers can you trade with on TradingView?

The most popular brokers for TradingView include Interactive Brokers, TradeStation, Webull, Oanda, Tradovate, Forexcom, Tradier, Gemini, and many more. You can view TradingView’s official list of supported brokers for more information.

Benefits of Trading on TradingView

Trading directly on TradingView allows you to trade with high-quality charts, tons of i ndicators, and with custom trading scripts that execute trades automatically. You can code a strategy yourself, or you can load a strategy from the strategy tester.

To view the community-made strategies, you can click on Strategy Tester near the bottom of the chart. Next, you can click load strategy to see tons of community-made strategies based on various technical signals and other studies.

Trading with Pine Script on TradingView

Pine Script is TradingView’s programming language that traders use to create custom indicators and strategies. This enables traders to automate their trading based on specific criteria that have backtested well.

Trading Through TradingView – Bottom Line

Trading on TradingView is not only possible but can add a layer of convenience and customization to your trading or investing strategy. TradingView provides much better charting than brokers like Webull and Interactive Brokers, making it a great way to have a better trading experience.

When you use my affiliate link to sign up for TradingView, you can get a referral credit and a 30-day free trial of the premium features!

Get a TradingView Referral Credit & Free Trial

Get Your Free Trial & Referral Credit Now!

FAQs

Can I buy and sell stocks on TradingView?

Yes, you can buy and sell stocks on TradingView if you connect your broker.

Is it free to trade on TradingView?

Yes, if you connect your brokerage to TradingView, it is free to trade.

Is TradingView a trading broker?

No, TradingView is not a broker, but you can connect your broker to trade through it.

Can I connect Robinhood to TradingView?

No, TradingView does not currently support integration with Robinhood.

TradingView Review

The Best TradingView Indicators

TradingView Real-Time Data

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

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.

TradingView is best if you want advanced charting tools for the best price, while TrendSpider is best for those looking for additional features like automated technical analysis and more charts per layout.

Feature	TradingView	TrendSpider
Starting Price	$14.95/month plus extra for real-time data	$107/month (real-time data included/except futures)
Charts Per Layout	Up to 8 charts	Up to 16 charts
Built-in Indicators	Over 1000 built-in indicators plus thousands of custom indicators created by the community	Over 190 built-in indicators
Discount Links	Get a TradingView Free Trial	TrendSpider Code: FTW25 For 25% Off

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.

TradingView Limited Time Offer!

Exclusive Deal: 30-Day FREE Premium Access + Bonus Credit

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Advanced Charts
Real-Time Data
Track all Markets

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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 and the code: FTW25! You can also read my full review of TrendSpider for more information.

TrendSpider Special Offer!

Exclusive Deal: 25% Discount with Code FTW25

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AI-Powered Analysis
Automated Technical Analysis
16 charts per layout

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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.

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.

trendspidervolumebyprice — Trendspider Volume by Price

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.

tradingview multiple charts — TradingView 8 Charts in a 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.

tradingview pricing and plans comparison — Get a TradingView Free Trial

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

trendspider pricing — Sign up for TrendSpider

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.

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!

TrendSpider Review

TradingView Review

TrendSpider Pricing

thinkorswim vs. tastytrade

TradingView vs. thinkorswim

Investing in Minecraft Stock

TradingView vs. thinkorswim: A Detailed Comparison

a table comparing tradingview and 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.

✔ TradingView is a charting and trading platform that connects with brokers

✔ thinkorswim is a trading platform for Schwab or TD Ameritrade accounts

✔ While you can trade on TradingVIew, it is more commonly used for just charting and analysis

I personally prefer to use a combination of TradingView for charting and either thinkorswim, Robinhood, or tastytrade to place my trades.

Platform	Compatible Brokers	Assets Offered	Options Trading	Pricing
TradingView Try TradingView	Various brokers, including Interactive Brokers, Tradovate, AMP Global, OANDA, Forex.com, and Gemini	Stocks, bonds, commodity futures, currencies, and cryptocurrencies	Analyze nearly live options chains and risk diagrams	Freemium service with different plans ranging from $12.95 to $59.95 per month. You can also get a free trial.
thinkorswim Try thinkorswim	Only TD Ameritrade & Schwab	Stocks, bonds, commodity futures, currencies, and Bitcoin futures	Supported with options chain data and P&L charts	Free platform for TD Ameritrade & Schwab customers

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.

Full TradingView Review: Read my full review of TradingView

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

View free charts with nearly real-time data for stocks, futures, crypto, and forex
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, but does provide options analysis tools
Requires a paid subscription to access advanced features and services

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: Free, Essential, Plus, 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

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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.

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.

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

How to Paper Trade on TradingView for Free

What is TradingView Paper Trading?

TradingView Paper Trading enables users to simulate trades in real time without risking their own money.

You can use TradingView’s paper trading to forward test any strategy, whether it’s based on indicator signals or even an alert service you have access to.

However, paper trading is not perfect, and there are many downsides you must pay attention to, which we will cover in this article.

Is TradingView Paper Trading Free?

Yes, paper trading on TradingView is accessible for free, regardless of your subscription level.

However, you need to have at least a free account on TradingView.

You can use our affiliate link to sign up for a free TradingView account, and if you ever decide, our link gives you access to a free trial and a discount on your subscription.

How to Use TradingView Paper Trading

To begin paper trading on TradingView, follow these simple steps:

Open Any Chart: Choose a market or instrument you’re interested in.
Trading Panel Access: Click the trading panel located at the bottom of the chart.

Select TradingView Paper Trading: Choose the paper trading option or a broker if you have one linked.

Minimize the New Window: Close the new window by clicking the top right minimize icon.

Trade from the Chart: When viewing a chart, click ‘trade’ at the bottom of the screen to open the order window.

Placing Trades: Use the DOM to place trades, set up stop-loss, limit orders, and take profit orders.

Mistakes to Avoid While Paper Trading on TradingView

Paper trading can be a great way to gain some experience with a strategy before using real money, but there are many factors that can give you false expectations, such as:

1- Failing to account for slippage and liquidity

If you are paper trading, you must understand that when you place a buy or sell order with real money, you will not get filled at the exact current price. This is especially true for assets like less than ideal liquidity, such as low-volume stocks and cryptocurrencies.

Failing to account for slippage will make your strategy perform much better than it will with real money. Therefore, TradingView paper trading should NOT be the main deciding factor when testing your strategies.

2- Lack of emotions

When you are paper trading with fake money, it is impossible to feel the real emotional impacts of losing or making money. Losing a lot of your actual money can cause you to make much different decisions than “losing” fake money. Therefore, that is why it is crucial to backtest and develop a trading plan that you can follow.

3- Breaking your strategies rules

When paper trading, it is easy to break your rules. Say your strategy calls for a -1 % stop-loss. If you decide to break this rule and let a trade go to -2 %, and it recovers and becomes a winning trade, you have effectively broken your rules and built a bad habit, thanks to paper trading.

4- Building false confidence

If you decide to paper trade a strategy, and every trade plays out perfectly, this doesn’t necessarily mean your strategy is flawless. Continuing paper trading until you have seen losses and wins is optimal to ensure you don’t build a bias that negatively impacts you.

When you use my affiliate link to sign up for TradingView, you can get a referral credit and a 30-day free trial of the premium features!

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Transitioning From Paper Trading to Real Trading

When you have become comfortable after backtesting and paper trading, you may continue to implement it with real money. To ensure you have a smooth and profitable transition, ensure that you follow these tips:

1- Assess your readiness

Ensure you have analyzed your backtests and done enough paper trading so you know exactly what to expect, even in the most volatile market conditions.

2- Start small

Sizing is a crucial aspect when it comes to trading your strategy, as it lowers emotional decisions and limits your loss potential while you are just starting out.

3- Stick to your plan

After spending hours paper trading and backtesting, it would be counterproductive to break your rules. Always stick to your plan even when your hunches tell you to deviate.

FAQs

Does TradingView paper trading support options?

No, TradingView paper trading does not currently support options trading.

TradingView Paper Trading – Bottom Line

Paper trading on TradingView is a great way to test your strategy, given you are aware of its limitations. It is a great way to simulate the trading experience, but failing to account for common paper trading pitfalls such as slippage and commissions can give you unrealistic expectations.

If you haven’t already, I highly recommend you sign up for a free TradingView account so you can try out paper trading yourself. Using our link to sign up, you can also get a free trial of TradingView’s premium subscriptions!

How You Can Use Fibonacci Retracements on TradingView

Intro to the Fibonacci Retracement on TradingView

Fibonacci retracement levels have been a staple of technical analysis for centuries, providing traders with valuable insights into potential price reversals and areas of support and resistance.

In this guide, we’ll explore how to effectively use the Fibonacci retracement tool on the TradingView platform, which I believe is the best charting software for all assets.

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The Origins and Importance of Fibonacci Retracement Levels

Fibonacci retracement levels originate from the Fibonacci sequence—a mathematical series of numbers with unique properties. These levels are widely used in trading to identify key areas where price action is likely to occur. The most commonly used Fibonacci retracement levels include:

23.6%
38.2%
50% (not an official Fibonacci ratio, but frequently used)
61.8%
78.6%

Traders rely on these levels to anticipate possible future price movements and to inform their trading strategies.

How to Use the Fibonacci Retracement Tool on TradingView

TradingView’s platform offers a user-friendly and versatile Fibonacci retracement tool. Here’s how you can use it to enhance your technical analysis:

Step 1: Open a Chart on TradingView

Select the asset you want to analyze and open its chart.

Step 2: Locate the Fibonacci Retracement Tool

Find the toolbar on the left side of the chart.
Select the “Fibonacci Retracement” tool.

selecting the tradingview fibonacci retracement levels

Step 3: Define Two Extreme Points

Click on the chart with the tool to define two extreme points (a high and a low) on the chart.
The tool will automatically generate the Fibonacci retracement levels between the two points.

Step 4: Customize the Tool’s Settings

Right-click the Fibonacci lines and select “Settings” to customize your coordinates, colors, line styles, and visibility.
You can hover over a candle to determine the exact highs and lows of it and adjust accordingly in the coordinates tab.

fibonacci retracement settings on tradingview

Should the First Point be a High or Low?

If the first point you select on the chart with the Fibonacci tool is a high, the tool will populate the 161.8% level to the upside.
If the first point you select is a low point on the chart, the tool will populate the downside 161.8% level.

The 161.8% level can help you determine breakout levels to the upside and downside. For example, if you want to determine how high an asset will go if it breaks out of its range to the upside, you would analyze the 161.8% level.

An excellent example of this is on the $NVDA daily chart. If you select the first Fibonacci point at the $NVDA high in 2021 and the second point at the 2022 low, you will see how accurate the 161.8%, 261.8%, and 361.8% levels can be. You can see this in the image:

As you can see, the price clearly reacts to the 161.8%, 261.8%, and 361.8% levels several times. Keep in mind these levels were generated based on the two initial points selected without any hindsight bias into the future, proving how these levels can be effective.

Choosing the Right Time Frame for Fibonacci Retracements

When using the Fibonacci retracement tool, the choice of time frame depends on your trading strategy and goals:

Short-Term Traders: May use lower time frames such as 1-hour or 15-minute charts.
Long-Term Traders: May find daily, weekly, or monthly charts more suitable.

The tool can be effectively used on various time frames, depending on whether you are a short-term or swing trader.

The Role of Fibonacci Retracement in Trading

Fibonacci retracement levels are a great technical analysis tool, regardless of which time frame you use. The tool is best used on the daily time frame and longer, and it provides context for where support and resistance levels are.

For example, you can pick the first pivot point at a stock market crash low and then set the second point at a significant high point on the chart. Here are the different Fibonacci retracement levels that will populate:

23.6% – official Fibonacci sequence level
38.2% – official Fibonacci sequence level
50%
61.8% – official Fibonacci sequence level
78.6% – official Fibonacci sequence level
161.8%
261.8%
361.8%

The official and most important Fibonacci retracement levels are the 23.6%, 38.2%, 61.8%, and 78.6% levels. However, the 50% is commonly used along with the 161.8%, 261.8%, and 361.8% levels.

Exploring the Auto Fibonacci Retracement Indicator on TradingView

TradingView also has an auto Fibonacci retracement tool that automatically adjusts as you change timeframes. This tool is primarily useful for active traders who trade on multiple different time frames.

How to Add the Auto Fibonacci Tool to Your TradingView Chart

1- Open any chart on TradingVIew

2- Click on indicators at the top of the chart

3- Type “Auto Fib Retracement” and click on it from the list of indicators

how to add auto fib retracement on tradingview

Adjusting the Auto Fibonacci Retracement Settings

Here is how to adjust the settings of the auto Fibonacci retracement tool on TradingView:

1- Hover over the indicator name at the top left of the chart

2- Click on the gear icon

From here, you can adjust a few settings, including:

Deviation: How much the price will differ from the first selected level. You can mess around with this number until you get consistent results, but using 1-3 is generally the best.
Depth: How far back the first pivot point will be placed. The bigger the number, the further back the first pivot point will be placed.
Extend Left/Right: You can extend the Fibonacci levels to the left and/or right so it can fill as much of the chart as you want.

Benefits of the Auto Fibonacci Retracement Indicator

Automatically identifies extreme points and calculates retracement levels.
It saves time and effort, especially if you switch between multiple time frames.

Combining Fibonacci Retracements with Other Technical Indicators

For a more comprehensive analysis, traders often use the Fibonacci retracement tool alongside other technical indicators, such as:

Moving Averages (SMA, EMA) – if a price drops to a Fibonacci support level, and there is also a moving average line, it can help confirm a bullish trade.
Relative Strength Index (RSI) – if the price is approaching a Fibonacci retracement resistance level, you can get more confirmation to short if the RSI is also over 70.
Moving Average Convergence Divergence (MACD) – if the price approaches a Fibonacci support level, and it rebounds and causes the MACD to show an uptrend signal, this could confirm a bullish trade.

These indicators complement the Fibonacci retracement tool, providing additional confirmation and enhancing trade setups.

Fibonacci Retracement TradingView | Bottom Line

The Fibonacci retracement tool on TradingView is an excellent way to determine support and resistance levels, view breakout price targets, and provide context for use with other indicators. You can also use the auto Fibonacci tool to automatically pick the two points for you.

The tool is completely free to use on TradingVIew. All you need to do is sign up for a free account. If you use my affiliate link, you can get a free trial of the premium features and a credit toward your subscription if you decide to upgrade.

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Before you go

If you want to keep educating yourself about trading, 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

How to Get a TradingView Free Trial

The Best TradingView Indicators

How to Delete a TradingView Layout

This article guides you through the simple process of deleting a TradingView layout, ensuring your workspace remains organized and efficient.

Step-by-Step Guide to Deleting a TradingView Layout

1- Navigating to Layout Management

To begin, locate the manage layouts drop-down arrow in the top right corner of your TradingView chart.

2- Selecting the Layout to Delete

After clicking the drop-down arrow, choose ‘load layout’ from the options. This action will take you to a screen where all your saved layouts are displayed.

3- Deleting the Layout

Find the layout you wish to delete and click on the ‘X’ icon next to it. A prompt may appear asking for confirmation to ensure you want to delete the selected layout. Confirm your choice to proceed.

4- Confirmation and Final Checks

Once deleted, the layout will no longer be listed among your saved layouts. It’s a good practice to double-check to ensure the correct layout has been removed and that your other layouts are intact.

Best Practices for Managing TradingView Layouts

Regularly reviewing and organizing your TradingView layouts can significantly enhance your trading efficiency. Try to keep only the layouts you frequently use and delete those that are no longer relevant to your current trading strategy.

Troubleshooting Common Issues

If you encounter issues while trying to delete a layout, such as the layout not disappearing after deletion, try refreshing the page or clearing your browser’s cache. For persistent problems, consider reaching out to TradingView’s support team.

Deleting TradingView Layouts – Bottom Line

Deleting a layout in TradingView is a straightforward process that helps keep your trading environment clutter-free. Regularly managing your layouts ensures you have the most relevant and useful setups at your fingertips, contributing to a more efficient trading experience.

FAQs

Can I recover a deleted layout?
Once a layout is deleted in TradingView, it cannot be recovered. It’s important to be certain before you delete a layout.
How many layouts can I have in TradingView?
The number of layouts you can have depends on your subscription plan with TradingView.
Is it possible to rename a layout instead of deleting it?
Yes, TradingView allows you to rename layouts to better organize your workspace.

How to Save TradingView Layouts

The Best TradingView Indicators

How to Get Multiple Charts on TradingView

11 Best TradingView Indicators in 2024

Are you overwhelmed with the massive amount of TradingView indicators to choose from? Figuring out which ones work best takes time, so I compiled a list of the top indicators to improve your trading in this article. All of the indicators on this list are native to TradingView, and do not require you to pay a third-party. They are also all indicators I have used personally over my years of trading.

What are the Best Indicators on TradingView?

There are tons of indicators on TradingView. However, the best ones include:

Volume Profile – view volume by price instead of by time
Ichimoku Clouds – quick “one look” indicator to identify entries and exits
Auto Fib Retracement – draws Fibonacci retracements automatically
Market Profile – view how much time is spent at various price levels
VWAP – a smooth line showing you the average trading price for one day weighted by volume
MACD – moving average convergence divergence determines momentum
Moving Averages – view EMA and SMA lines such as the 50 and 200-day moving average lines
Relative Strength Index (RSI) – quick way to tell if a stock is overvalued or undervalued on a scale of 0-100
Anchored VWAP – VWAP anchored to a specific date
IV Rank and Percentile – detrmines whether a stock’s implied volatility is high or low
Footprint Charts – view filled order volume by price for each candle

Clicking the links above will bring you to the detailed descriptions of the indicators within this article.

The best TradingView indicators to use are the volume profile, anchored VWAP, Ichimoku, and Fibonacci retracements.

Continue reading to view the 11 best TradingView indicators and how you can use them to improve your trading strategy.

1- Volume Profile Indicator

The volume profile shows you volume by price for a defined time period. Traditional volume charts show you volume by time, which is not nearly as valuable. Traders can determine what price has the most supply and demand, which is extremely helpful in determining support and resistance levels on a chart.

TradingView offers a few different types of volume profile indicators:

Visible Range Volume Profile: view the profile for the visible candles on the chart, which adjusts dynamically as you zoom in and out.
Session Volume Profile: view a unique profile that resets each trading day (session), which is great for day traders.
Volume Profile Fixed Range: pick a range of candles to view a volume profile for that doesn’t change as you move around your charts.

My favorite way to use the volume profile indicators on TradingView is to combine the session volume profile with the visible range volume profile so you can view profiles for each day and the entire visible chart.

The volume profile indicator on TradingView is an advanced tool that requires you to have a premium subscription. However, new users can usually get a TradingView free trial to test it out for 30 days.

Full Indicator Review: Learn more about the volume profile

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2- Ichimoku Clouds

The Ichimoku Cloud is a dynamic trend following indicator involving several moving average lines. It consists of five lines and a “cloud” formed by the interaction of two of these lines.

A green cloud signals an uptrend, while a red cloud signals a downtrend.

Additionally, you can use the baseline and conversion line crossovers to determine entry and exit points.

The baseline and conversion lines are similar to a 9EMA and a 26EMA, another common indicator traders use.

The Ichimoku Cloud allows you to identify trends easily and determine entry and exit points based on TK crossovers.

3- Auto Fib Retracement

The Auto Fib Retracement indicator automatically plots Fibonacci retracement levels on a chart, helping traders identify potential support and resistance zones based on the key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 78.6%).

While traders often draw their own Fib Retracement lines manually, the Auto Fib tool is a great way to save time and view retracement levels on several time frames.

You can also change the depth to a larger number if the indicator is drawing the lines too close to the current stock price.

Auto fib retracement tools are also available on Trendspider. To learn more, check out my article on TrendSpider vs. TradingView!

auto fibonacci retracement indicator on tradingview

Full Indicator Review: Learn more about the Fibonacci retracements on TradingView

4- Market Profile (Time Price Opportunity TPO Charts)

The market profile is similar to the volume profile, except it also shows time spent at prices on top of volume by price. The market profile is commonly used by futures traders to interpret the market structure and identify trading opportunities.

I recommend you learn to identify market structures like poor highs, poor lows, single prints, and understand the mechanics of auction market theory to make the best use of the TPO charts. TradingView’s TPO charts aren’t available to free users, but you can use my affiliate link to get a free trial to test it out for 30 days with no commitment.

Full Indicator Review: Learn more about the TradingView TPO charts

5- VWAP (Volume Weighted Average Price)

The VWAP is a TradingView indicator for day traders that shows you where the most volume has occurred through a particular trading day. It is considered about the fair price for a stock since it is where the most shares have been traded.

VWAP strategies include buying when the price breaks over the VWAP for a continuation play. Alternatively, you can wait for the stock price to be far away from the VWAP and use a mean reversion strategy. You can also check out the anchored VWAP if you are not a day trader.

Full Indicator Review: Learn more about the VWAP on TradingView

6- Moving Averages

There are two types of moving averages, SMA (simple moving average) and EMA (exponential moving average). The most common ones for swing traders and investors to utilize are the 50 and 200 SMA lines on the daily chart. Otherwise known as the 50 and 200-day moving averages.

Short-term traders use EMA lines such as the 9 and 26-period lines on shorter-term time frames like the 5-minute and 1-minute charts for day trading and short-term swing trading.

Full Indicator Review: Learn more about TradingView moving averages

7- MACD

The MACD (Moving Average Convergence Divergence) is a popular trend-following indicator. It is the result of two lines: the MACD line and the signal line.

MACD Line: The MACD line is the result of subtracting the 26-period EMA by the 12-period EMA, typically for days when used on the daily timeframe.
Signal Line: The signal line is the 9-period EMA of the MACD line.

When the MACD line crosses above the signal line, it’s considered a bullish signal (suggesting it might be a good time to buy). Conversely, when the MACD line crosses below the signal line, it’s viewed as a bearish signal (suggesting it might be a good time to sell).

Full Indicator Review: Watch our video on the TradingView MACD

8- Relative Strength Index (RSI)

The RSI indicator is a popular tool for identifying whether an asset is overbought or oversold. It is a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100.

Typically, a stock with an RSI reading over 70 is considered overvalued, while a reading under 30 is considered undervalued. However, it is best to combine the RSI with other indicators to determine optimal entry and exit points.

The RSI is calculated based on an asset’s price movements over a certain period, typically 14 days. It compares the magnitude of recent gains to recent losses to determine the speed and change of price movements.

Full Indicator Review: Learn more about the TradingView RSI

9- Anchored VWAP

The Anchored VWAP (Volume Weighted Average Price) is a trading indicator that gives traders a comprehensive look at a stock’s price in relation to its volume over a specific time frame.

Generally, traders will set the anchor point at a swing high or a swing low. For example, if a stock made a 52-week low a few weeks back, you can set the anchored VWAP here to determine a good medium term support level.

The regular VWAP is the average price of a stock weighted by its volume. The unique feature of the Anchored VWAP is that it allows traders to choose a specific starting point (or “anchor”) from which to calculate the VWAP.

Full Indicator Review: Learn more about the anchored VWAP

10- Implied Volatility Rank and Percentile

Implied volatility represents how much volatility the market is pricing for a specific asset. When implied volatility is high, options are generally more expensive to account for the perception of large price movements in the future. It is a key factor in options pricing and trading strategies.

Implied volatility rank and percentile help you determine whether a stock’s implied volatility is high or low based on the last year of data. Implied volatility rank is free to use on TradingView but is not native to the platform. You can use the IV Rank and Percentile custom indicator by Martin Shkreli for free.

Full Indicator Review: Learn more about IV Rank & Percentile on TradingView

11- Volume Footprint Charts

TradingView’s volume footprint chart type allows you to view how many orders have been filled on both the buy and sell side.

On the left side of the candle, you can see how many shares were sold by price in red. On the right side of the candle, you can see how many shares were bought within that candle and at what price.

The bottom of the candle also shows you the delta and total volume traded during the candle you are analyzing. The volume footprint feature requires you to have a TradingView paid subscription, but you can use my affiliate link to get a free trial to test it out for free.

Full Indicator Review: Learn more about the TradingView footprint charts

How to get a TradingView free trial

If you don’t want to spend your hard-earned money testing out some of these indicators, new users can usually get a 30-day TradingView free trial.

TradingView is one of the most widely used charting tools available, and it is great for beginners and advanced traders. We have an entire article explaining how to get a TradingView free trial you can read if you have any questions.

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Which indicator is best for entry and exit?

There isn’t a single indicator that is “best” for determining entry and exit points. However, the Ichimoku indicator provides traders clear signals when the baseline and conversion lines crossover.

When the conversion line cross above the baseline, it is a signal to buy. On the other hand, when the baseline crosses below the baseline, it is a signal to sell.

Once you are in a position, you can use one of the several lines to determine your stop loss and take profit levels.

What indicator do most traders use?

There are tons of indicators to use on Tradingview, and each trader must find the one that works best for their trading strategy.

However, the most common indicators include Fibonacci Retracements, simple moving averages (SMAs), and exponential moving averages (EMAs).

The Best TradingView Indicators | Bottom Line

Selecting and utilizing the appropriate indicators is crucial for successful trading. The right indicators can provide valuable information on market trends, support and resistance levels, and potential trade opportunities.

By understanding how each indicator works and using them in conjunction with other technical analysis tools, traders can enhance their market analysis skills and improve their overall trading performance. Check out our article on the best TradingView indicators for day trading to learn more!

FAQs

What are TradingView indicators?

TradingView indicators are tools or mathematical calculations applied to price data on the TradingView platform.

How do I access indicators on TradingView?

To access indicators on TradingView, simply open the platform and select the “Indicators” button located at the top of the charting window. This will open a menu where you can search for and select various indicators based on your trading needs.

Are the best TradingView indicators free?

TradingView offers a wide range of both free and paid indicators. While there are many excellent free indicators available, some more advanced or specialized indicators like the volume profile that may require a paid subscription or purchase. However, there are plenty of powerful indicators that can be utilized at no cost. You can learn more in our TradingView pricing article.

How can I determine the best TradingView indicators for my trading strategy?

Selecting the best TradingView indicators for your trading strategy depends on your individual preferences, trading style, and goals. It’s essential to consider factors such as your preferred timeframes, market conditions, and the specific insights you need from indicators. Experimenting with different indicators and analyzing their performance in relation to your strategy can help you determine which ones work best for you.

Can I create custom indicators on TradingView?

Yes, TradingView provides a feature called Pine Script that allows users to create their own custom indicators. Pine Script is a domain-specific scripting language designed for creating and modifying indicators and strategies on the TradingView platform. It offers a flexible and powerful framework for traders who want to develop their own unique indicators.

How can I install and use custom indicators on TradingView?

To install and use custom indicators on TradingView, follow these steps:

Write or obtain the Pine Script code for the custom indicator.
Open TradingView and go to the chart where you want to apply the custom indicator.
Click on the “Indicators” button and select “Invite-Only Scripts” or “Pine Editor” depending on your TradingView subscription plan.
Open the Pine Editor and paste the custom indicator’s code into the editor.
Click “Add to Chart” to apply the custom indicator to your chart.

Before you go

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

The Best Brokers for TradingView: Top Picks for Traders

TradingView is a leading platform known for its advanced charting features, technical analysis tools, and social networking capabilities.

Choosing the right broker to integrate with TradingView can significantly enhance your trading experience. In this article, we’ll explore the best brokers for TradingView and provide you with key information to make an informed decision.

Why TradingView and the Right Broker Matter

TradingView has become a go-to platform for traders and investors looking for comprehensive charting tools and real-time market data. Its user-friendly interface and powerful features make it a preferred choice for technical analysis and trade execution.

Selecting a broker that integrates seamlessly with TradingView is crucial for a smooth trading experience. The right broker can offer competitive fees, a wide range of trading instruments, and reliable customer support.

Criteria for Evaluating Brokers for TradingView

When evaluating brokers for TradingView, consider the following criteria:

Integration with TradingView: Seamless integration ensures quick trade execution directly from the TradingView platform.
Fees and Commissions: Competitive pricing and transparent fee structures can impact your overall trading costs.
Trading Instruments: Access to a diverse range of financial instruments, including forex, stocks, commodities, and cryptocurrencies, allows for a well-rounded trading portfolio.
Customer Service: Responsive and knowledgeable customer support can assist you in resolving any trading-related issues.
Reliability: A trustworthy broker with a solid reputation in the industry ensures a secure trading environment.

Top Brokers for TradingView – In-Depth Reviews

Let’s take a closer look at some of the top brokers for TradingView:

Interactive Brokers: Best Overall Broker for TradingView

Interactive Brokers is the best broker for TradingView since it is the most legit and well-known stock trading brokerage compatible with TradingView. It offers robust trading tools, access to global markets, and thorough research.

Pros:

Wide range of global markets
Comprehensive research offering
Robust trading platform

Cons:

Complicated platform for inexperienced traders

Saxo Bank: Best Web-Based Trading Platform

Saxo Bank is known for its exclusive multi-asset trading platform and brilliant research. With over 40,000 tradeable instruments and excellent customer service, it stands out as a top choice for TradingView traders.

Pros:

Flagship platform with top-of-the-line features
Extensive range of tradeable instruments
Excellent customer service

Cons:

High minimum deposit

FOREX.com: Excellent All-Round Offering

FOREX.com is a well-established broker with an all-around offering. It provides competitive pricing, superior trade execution, and a range of trading platforms to suit different traders’ needs.

Pros:

Competitive pricing
Wide range of trading platforms
Superior trade execution

Cons:

Limited instruments on certain platforms

Cons:

Limited instruments on certain platforms

Tips for Getting Started with TradingView and Your Broker

To make the most out of your TradingView experience, consider the following tips:

Take time to familiarize yourself with TradingView’s features and functionalities.
Experiment with different charting tools and indicators to enhance your technical analysis.
Review the fee structures and trading conditions offered by your broker.
Utilize demo accounts to practice trading strategies without risking real capital.
Stay informed about market trends and news to make well-informed trading decisions.

Get a Discount on Your TradingView Subscription

We have exciting news for traders looking to elevate their trading experience with TradingView! New users can usually get a free trial and a discount on their TradingView subscription when they sign up using our exclusive link.

To claim this offer, click the following link to get your TradingView discount.

The Best TradingView Brokers | Bottom Line

In conclusion, finding the best broker for TradingView is an important step in your trading journey. By considering factors such as integration, fees, trading instruments, and reliability, you can select a broker that aligns with your trading goals. Ultimately, the right broker can enhance your overall trading experience and help you make the most of the powerful features offered by TradingView.

Remember that successful trading involves a combination of skill, knowledge, and the right tools. With TradingView and a reliable broker by your side, you’ll be well-equipped to navigate the dynamic world of financial markets.

Whether you’re a beginner looking for an easy-to-use platform or a seasoned professional seeking advanced trading tools, the brokers we’ve reviewed offer something for every type of trader. Take the time to evaluate your options and choose a broker that meets your unique needs.

This article contains affiliate links I may be compensated for if you click them.

TradingView API: Everything You Need to Know

TradingView is a popular platform for traders and investors who want to access live quotes, charts, and market data for various financial instruments. TradingView also offers a range of tools and features to help users analyze the markets, create trading strategies, and share their ideas with others.

But what if you want to access the data and indicators from TradingView programmatically? Is there a TradingView API that you can use for your own applications? In this article, we will answer these questions and explore some of the alternatives to the TradingView API.

How to Access the TradingView API

Unfortunately, as of now, TradingView does not have an API that gives access to its data or indicator values. This means that you cannot use TradingView as a data source for your own applications or services.

However, TradingView has announced that they are planning to add an API in the future that will allow users to access their data and indicators. This API will be available for both free and paid users and will support various languages and frameworks. TradingView has not given a specific timeline for when this API will be released, but you can follow their updates on their blog or social media channels.

However, TradingView does have a REST API that is meant for brokers who want to be supported on their trading platform. This API allows brokers to integrate their trading services with TradingView so that users can trade directly from the TradingView interface.

This API is not intended for data access or analysis but rather for order execution and account management. If you are a broker who wants to offer your clients the option to trade on TradingView, you can contact them.

What is the TradingView REST API?

The TradingView REST API is a set of endpoints that allow brokers to communicate with TradingView and provide their trading services to TradingView users. The REST API uses HTTP requests and JSON responses and follows the standard RESTful principles. The REST API supports the following features:

Authentication: Brokers can authenticate their users with TradingView using OAuth 2.0 or JWT tokens.
Symbols: Brokers can provide information about the symbols they support, such as name, description, type, exchange, currency, etc.
Quotes: Brokers can provide real-time or delayed quotes for the symbols they support, as well as historical data for charting purposes.
Orders: Brokers can receive orders from TradingView users and execute them on their own platforms, as well as provide order status updates and notifications.
Positions: Brokers can provide information about the positions held by their users, such as quantity, price, profit/loss, etc.
Balances: Brokers can provide information about the balances of their users’ accounts, such as cash, margin, equity, etc.
Settings: Brokers can provide information about the settings and preferences of their users’ accounts, such as leverage, commissions, fees, etc.

TradingView API Alternatives

If you are looking for an alternative to the TradingView API that can give you access to financial data and indicators, you might want to consider Yahoo Finance. Yahoo Finance is a free service that provides data on stocks, currencies, commodities, and other financial instruments. Yahoo Finance also offers news and analysis on the markets, as well as tools and features to help users research and track their investments.

Yahoo Finance has a free API that you can use to access its data programmatically. The Yahoo Finance API is not an official API from Yahoo but rather a collection of unofficial libraries/APIs/methods that use Yahoo Finance as a data source. The Yahoo Finance API allows you to retrieve historical and real-time data for various financial markets and products. You can also get fundamental and options data, as well as market news and analysis.

One of the most popular libraries for accessing the Yahoo Finance API is yfinance. yfinance is a Python library that allows you to download historical market data from Yahoo Finance. You can also get information on dividends, splits, earnings, financials, holders, sustainability, analysts, options chains, etc. yfinance is easy to install and use, and it integrates well with pandas and other Python libraries.

TradingView API | Bottom Line

TradingView is a great platform for traders and investors who want to access live quotes, charts, and market data for various financial instruments. TradingView also offers a range of tools and features to help users analyze the markets, create trading strategies, and share their ideas with others.

However, TradingView does not have an API that gives access to its data or indicator values as of now, but they are planning to add it in the future. This means that you cannot use TradingView as a data source for your own applications or services.

If you are interested in using the TradingView platform, you can sign up for a free trial here. TradingView is the best charting platform available on all devices, including desktop and mobile. You can also upgrade to a paid plan to access more features and benefits, such as more indicators, alerts, real-time data, etc.

FAQ

Does TradingView have an API?

There is no TradingView API that gives access to its data or indicator values as of now, but they are planning to add it in the future. This means that you cannot use TradingView as a data source for your own applications or services. However, TradingView does have a REST API that is meant for brokers who want to be supported on their trading platform.

Can I trade directly from TradingView?

Yes, you can trade directly from TradingView if your broker is supported by TradingView. TradingView supports over 50 brokers worldwide, including some of the most popular ones such as Oanda, FXCM, Interactive Brokers, etc.

How do I get real-time data on TradingView?

TradingView provides real-time data for most of the symbols it supports, such as stocks, forex, crypto, futures, etc. However, some symbols may require a paid subscription to access real-time data.

TradingView Review – Key Takeaways

TradingView Pros and Cons

Pros

Cons

TradingView Pricing and Plans

Get a TradingView Referral Credit & Free Trial

Who is TradingView Best For?

Utilizing TradingView’s Features

TradingView Technical Analysis Charting Review

Using the TradingView Screeners

Backtesting on TradingView

Settings Alerts on TradingView

TradingView’s Economic Calendar

Creating Watchlists on TradingView

Accessing Real-Time Data

TradingView User Reviews

Positive Reviews

Negative Reviews

TradingView Review – My Final Take

Can You Trade Directly on TradingView?

How to Integrate Your Broker With TradingView

What brokers can you trade with on TradingView?

Benefits of Trading on TradingView

Trading with Pine Script on TradingView

Trading Through TradingView – Bottom Line

Get a TradingView Referral Credit & Free Trial

FAQs

Can I buy and sell stocks on TradingView?

Is it free to trade on TradingView?

Is TradingView a trading broker?

Can I connect Robinhood to TradingView?

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Overview of TradingView

Some of the main features and benefits of TradingView are:

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Overview of TrendSpider

Some of the main features and benefits of TrendSpider are:

TrendSpider Special Offer!

Factors to Consider Between TradingView & TrendSpider

Indicator Selection

TradingView Indicator Selection

TrendSpider Indicator Selection

Backtesting

TradingView Backtesting

TrendSpider Backtesting

Multiple Chart Abilities

Stock Screeners

TradingView Screeners

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Mobile App

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Pricing

TradingView vs. TrendSpider | Bottom Line

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