TradingView vs. Stockcharts | Which is Better?
Updated: 5 days ago
Today we will take a look at TradingView and Stockcharts - two of the biggest charting platforms on the market today.
In this post, we discuss their key components and compare their upsides and downsides.
Interface and Chart Design
TradingView and Stockcharts both provide a modern-looking and intuitive interface.
TradingView offers a modern, smart, and highly intuitive interface alongside a dashboard that displays all relevant panels (Watchlist, News, Market Summary). TradingView also provides an incredible user-friendly charting experience powered by HTML 5.
Stockcharts, on the other hand, presents interactive charts in their home-grown program, 'Sharp Chart.’ The charting experience has somewhat of a learning curve, and a couple of crucial functions require a paid subscription.
TradingView is most definitely on the pricier side compared to Stockcharts, but both have a fairly wide selection of plans for customers to choose from suitable to their budget.
TradingView offers four different subscription plans:
Basic - Free Trial
Pro - $12.95 per month (billed annually)
Pro+ - $24.95 per month (billed annually)
Premium - $49.95 per month (billed annually)
Monthly rates are also available for a slightly higher price:
Pro monthly: $14.95
Pro+ monthly: $29.95
Premium monthly: $59.95
If you want to try TradingView for free, they often offer a free 30-day trial.
Stockcharts also offers four different subscription plans:
Basic - $14.95 per month
Extra - $24.95 per month
PRO - $39.95 per month
Real-Time Data Plans
TradingView and Stockcharts offer free BATS or CBOE real-time data for the US region but are delayed for all other exchanges.
TradingView also offers Data packages for global exchanges with upgraded plans for additional fees.
Stockcharts offers Official data plans for $9.95 per month for the US, UK, Canada, and India.
TradingView vs. Stockcharts | Pros and Cons
Offers a dedicated mobile application platform
An ever-growing library of indicators
Amazing charting experience
More expensive highest-tier subscription compared to Stockcharts
30-day free trial
doesn’t have a mobile app
annotations require a paid subscription
Supported Markets and Instruments
TradingView and Stockcharts offer access to most markets and instruments. In addition, both platforms provide delayed data and access to official real-time data at an extra cost with their paid plans.
TradingView and StockCharts offer access to Forex, Stocks, Futures, and cryptocurrencies.
However, Stockcharts provides only free delayed end-of-day futures data.
Both platforms also offer free BATS data access. BATS (Better Alternative Trading
System) is an exchange based in Kansas City that provides free unofficial real-time trading data.
This data is often very similar to official data, but traders should be aware that there
can be differences (including significant volume differences). In addition, BATS data is only available
for US stocks.
TradingView allows users to pay for US real-time data individually($2 per month each) instead of Stockcharts, which only offers this service as a bundle($9.95 per month).
Selection of Indicators
Both Stockcharts and TradingView offer the most well-known technical indicators.
Stockcharts provides 70+ built-in technical indicators, which is quiet enough for a casual user. However, TradingView offers astonishing 100+ built-in technical indicators with 5,000+ third-party custom indicators, which create an unforgettable user experience.
TradingView has a vast and ever-growing library of third-party indicators, strategies, and
user-made scripts. Its native programming language Pine Script is well-known to be an
easy-to-learn and lightweight scripting language.
Pine Script creates an opportunity for traders with no previous programming experience to create their own indicators and contribute to the TradingView library.
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