TradingView Review: The Best Charting Software 2023

Our Take On TradingView

TradingView is the first stop for charting software for many day traders, and with good reason. TradingView offers a wide selection of indicators, and tickers to analyze. In my TradingView review, I found the charting software tool to be easy to use, although not as intuitive.

Pros

• Wide range of technical indicators and drawing tools
• Wide variety of tickers (stock, futures, bonds, crypto, etc)
• Accurate real-time data
• Custom scripts
• Custom layouts

Cons

• High subscription fees
• Real-time data on futures additional monthly cost
• Steep learning curve
• Slow customer support

Full TradingView Review

What Is TradingView?

TradingView is a charting software tool headquartered in London Bridge, England. The charting software tool dates back to 2011. Today, TradingView has over 50 million users worldwide, making it the #1 charting software tool.

How Does TradingView Work?

TradingView offers a simple way to track the market, and do technical analysis. A TradingView user may sign up for a free TradingView account but is limited to number of charts, layout, indicators, and alerts. If you want to stray away from the limitations that the free subscription tier comes with, you can pay for the Essential plan at $14.95 per month, the Plus plan at $29.95 per month, or the Premium plan at $59.95 per month.

The charting software tool provides tickers from all the markets around where day traders can track, and do technical analysis with the thousands of custom and basic indicators.

Key Features

TradingView fills a niche for safe and conscious beginning day traders but also offers several reasons to stay once you gain some day trading experience.

• +100,000s of Indicators: Easy access to the most pre-built common and custom indicators.
• Multi-timeframe Analysis: In one chart you’re able to see multiple timeframes to analyze the bigger, and stronger levels of support and resistance.
• Bar replay: The ability to rewind time, and review price action movement is a helpful feature to backtest your strategy.
• Alerts: Set trading alerts to help you with your entries, exits or stop losses. This feature will make sure you get the alert on your desktop, email, and mobile notifications.
• Pine Script: TradingView custom programming language so smart people can write their own indicator and strategies algorithms.
• Paper Trading: Practice your new trading strategy or practice without risking your real money.

Who’s TradingView For?

TradingView focuses on being the best charting software tool for traders and investors.

• Traders of All Levels: TradingView prides itself on being the best and easy to use charting software tool for all traders. You’ll find plenty of help pages and guides if you’re not sure what to do next.
• Technical Traders: TradingView is a valuable charting software tool for traders who love to research the market or developing technical strategies.

To Sum It Up

TradingView is the best charting software tool available in the market, whether you’re new or a seasoned trader. In our TradingView review, we found this beginner-friendly charting software tool still comes with a learning curve. The good news, you’ll find plenty of help along the way in the form of tips and articles.

Frequently Asked Questions

Does TradingView Cost Money?

TradingView has a free subscription tier, but it comes with limitations such as:

• Number of indicators
• Number charts per layout
• Number of alerts

If you want to increase those limitations you can upgrade your plan to one of the paid subscriptions:

• Essential Plan: $14.95 per month
• Plus Plan: $29.95 per month
• Premium Plan: $59.95 per month

Is TradingView Pine Script Free?

Yes, you can write Pine Script for free in TradingView.