TradingView: Everything you Need to Know | Tradingview app

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Are you a new stock investor who prefers to think visually and wants to spend time poring over charts before making a decision? Another option is to be an experienced trader who has grown tired of paying exorbitant prices for expensive stock-scanning software. TradingView wants to assist you with low-cost analysis and charts, no matter what level you are at.

tradingview

TradingView is a cloud-based charting and social networking software designed for active investment traders at all levels, from beginners to experts. With a free account, you can access the most basic charting, research, and analysis information available. Despite this, the majority of trades must be executed outside of the platform due to the fact that only a limited number of brokerages are currently linked to TradingView.

TradingView is available for download from the App Store, Google Play Store, and on any desktop computer. We took a close look at TradingView to get a better understanding of how it works. Here’s what we discovered.

What is TradingView?

For both novice and experienced active traders, TradingView is online stock-picking software and screener that is easy to use. Additionally, it incorporates extensive cloud-based charting tools for research, and it allows users to share and collaborate with other active traders who are also using the platform online.

TradingView-Trading-Platform-capabilities-and-features

The disadvantage is that most large brokerages are not yet directly integrated with TradingView, which means you’ll have to place trades with your brokerage of choice separately from TradingView.

It was released in June 2012 as a social platform for active traders, and it included its own scripting language, which allowed users to customize charts and indicators to their liking. Because of its versatility, it continues to be a popular choice among active traders and financial software companies.

TradingView allows users to learn new concepts, research market fluctuations, possible chart outcomes, collaborate with other traders, chat with other traders, ask questions, and practice trades with the TradingView platform, which is accessible from any device

How Does TradingView Work?

Prior to registering for a free account with TradingView, you can access a wealth of market information from the website’s home page. An indicator for the EUR/USD, BTC/USD, and ETH/USD currency pairs, as well as the Dow, Nasdaq, and S&P 500 can be found at the top of the page.

You can search for any stock and filter results based on the ticker, trading ideas, educational ideas, scripts, or associated people.

On the TradingView social media section, you’ll find the most recent stories by top authors, up-to-date market summaries, the latest stock news, an economic calendar, and trending charts, as well as links to other websites. Review the opinions of other users (including well-known traders) and then share your own trading ideas with the community. In addition to its educational value, TradingView’s social media component provides a wealth of information.

When you sign up for a free account, you’ll gain access to the TradingView community as well as basic charting features, such as the ability to create stock alerts and market indicators, among other things.

Now, perhaps the most significant disadvantage of TradingView is that it is unlikely that you will be able to trade directly from the platform. Currently, the app can only support the following stock brokers:

  • Merrill (through the CQG API)
  • Modalmais
  • Alor

TradingView Features

Below are some of the features of tradingview you might find interesting.

Stock Screener.

The stock screener is a very useful search tool for both active traders and investors, as it allows them to filter stocks based on a variety of different criteria. Traders can access real-time alerts in both foreign and domestic markets through the TradingView screener, which has over 100 search fields. Their stock screener allows users to search for and view the charts of every instrument available, as well as to apply filters to their results.

The filters are intended to assist you in locating the stock you wish to trade. You can also create your own filters if you so desire. Trading stocks on the basis of fundamentals, technical indicators, or a combination of the two is possible. Overall, we believe it is a useful tool, but we believe it could benefit from some enhancements, such as the ability to save scans for later use.

  1. Alerts

This is yet another extremely useful feature of TradingView’s platform. Traders have the ability to set alerts for any and all conditions. In order to set alerts, users can choose from a variety of categories such as price levels, indicators, custom conditions, and even drawing tools. In order to set the alerts, traders can choose from at least ten different alert conditions in each of the categories that are available.

You will then receive alerts via audio signals, SMS, popups on your computer’s screen, or email whenever stocks matching your criteria are added to the system.

  1. Pine Script

TradingView allows you to personalize your platform experience by offering a variety of customization options to choose from. Users can create their own indicators from scratch using the pine script tool, allowing them to conduct a more in-depth analysis of the stock market. Additionally, the tool allows you to edit and customize the codes for embedded charts, existing technical indicators, and a wide range of trading concepts and strategies.

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Backtesting one’s own strategies is also possible, as is using some of the available scripts for one’s trading. However, if you don’t want to spend the time creating your own, there are over 100 pre-built studies from which to choose, each of which allows for in-depth technical analysis. Furthermore, TradingView promises that it will be simple to make any changes you desire to your account settings.

  1. HTML5 Charts

Using the platform, you can access a wide range of charting features that are simple to navigate. Traders can quickly assess the technical aspects of a particular chart and even lookup the current trading price with relative ease. This feature, which includes everything from a chart comparing features to various indicators and different charting prices, can be a valuable tool for any trader, whether they are beginners or experienced. Additionally, users can resize the charts in real-time, as well as add indicators and change the interval of the charts, among other things.

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TradingView also includes more than 50 intelligent and simple-to-use chart drawing tools as part of all of its subscription packages. The tools are intended to assist traders in keeping a close eye on the development of chart patterns as well as the behavior of price action.

  1. Paper Trading Simulator.

Another noteworthy feature of TradingView is its ability to conduct paper trading. This feature is particularly useful for new traders who are unfamiliar with the trading environment. Paper trading allows traders to trade with virtual money in a simulated environment, allowing them to practice their trading strategies without putting their own money at risk.

In addition, traders can paper trade any of the assets available on the TradingView website, including cryptocurrencies, futures, and stocks, according to the company. However, the only disadvantage of their paper trading simulator is that it does not include level 2 data, which is an extremely important feature for day trading.

  1. IOS App

TradingView also provides a simple-to-use phone application that can be downloaded for free. Users can easily stream real-time quotes at any time, discuss them, and even respond to private messages sent to them through the app. The app also makes it simple to access your saved charts from any location around the world.

  1. Trading Courses

The TradingView education courses will be beneficial to you regardless of your level of experience in stock trading. They will help you avoid making some of the most obvious and costly mistakes that most traders make.

A free online course teaches you how to become a trader and investor in stock markets. You only need to enroll, and you’ll be ready to begin the course right away. In addition, there are premium courses that cost between $249 and $4,999, the most expensive of which is the Million Dollar Traders course.

Although expensive, the courses are extremely detailed and are taught by a variety of trading experts and financial educators, including Lex van Dam and Steve Miller, among others.

  1. A user-friendly graphical user interface

TradingView has a very user-friendly interface that is both sleek and clean in appearance. It is also simple and quick to navigate through the website or their app. It takes less than a minute for users to find what they are looking for on this website. Even within the charting tools, new traders will find that everything is straightforward and easy to comprehend. By utilizing the search toolbar, we have discovered that it only takes a few seconds to locate what we are looking for on the website.

In addition, the platform allows users to narrow down their search results. Users only need to specify whether they want to conduct their search in the scripts category, the trading ideas category, or the educational ideas category. Overall, if you have ever used other charting tools, you will undoubtedly appreciate the efficiency with which TradingView’s interface has been designed.

Trandingview Pricing | Is it Free?

TradingView offers four different account plans, one of which is free and the other three of which are paid. Monthly, yearly, and every two-year billing cycles are all available as options. Each paid plan is accompanied by a 30-day free trial period. TradingView’s fees are significantly less expensive than those of some of its competitors.

— Basic — Free Plan

If you’re a beginner or just want to get a feel for how TradingView works, the basic account will get you up and running quickly. The number of features is limited. You will receive one chart per layout as well as one alert with three indicators that can be used on a single device. In addition to social networking, you have access to global data as well as an earnings calendar for economic activity. You simply do not have access to any type of customer service.

— Pro — $9.95–14.95/month

Even though the pro account provides you with a little more functionality to manage your stock research, you are still limited to only one chart per layout and can only use one device at a time.

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Customer service and SMS notifications are not included in the pro pricing, which allows you to have ten alerts and five indicators per chart but not regular access to customer service. Ad-free browsing and access to the social media community are included, however.

A month-to-month membership will cost you $14.95 per month if you decide to go with that option. An annual subscription costs $155.40 (which equates to $12.95 per month). You’ll pay $238.80 every 24 months ($9.95 per month) for a two-year subscription, which comes to $238.80 in total.

— Pro+ — $19.95–29.95/month

$24.95/month for a one-year plan; $19.95/month for a two-year plan: $24.95/month for a three-year plan

Pro+ increases the price while also providing faster customer service and more alerts. It also allows you to use up to four chart layouts at the same time, connect to two devices at the same time, and save up to ten different chart layouts. However, with this pricing plan, you will continue to be unable to receive SMS notifications.

With this plan, you will have access to intraday Renko, Kagi, Line Break, Point, and Figure charts, as well as other technical indicators. Spread charts for intraday trading, extended trading hours, and the ability to create custom chats are all available.

You have the same options as with the Pro plan in terms of choosing whether to subscribe monthly, annually, or biennially. In the event that you choose to pay on a month-to-month basis, the fee will be $29.95 per month. For $299.40 ($24.95 per month), a one-year subscription will be billed annually, and for $478.80 ($19.95 per month), a two-year subscription will be billed annually.

— Premium — $39.95 to $59.95/month

The premium plan grants you access to all of TradingView’s features and functionality. Each layout can have up to eight charts, and you can use up to five devices at the same time. Each chart can have up to 200 alerts and 25 indicators, and you can have unlimited access to indicator templates, enhanced watch lists, and saved chart layouts. In addition, you will receive priority customer service.

Price points are as follows: $59.95 per month for a month-to-month subscription, $599.40 ($49.95 per month) for a 12-month subscription, and $958.80 ($39.95 per month) for a two-year subscription.

Is it worth it to pay for TradingView?

Because it contains nearly all of the charting tools required by traders and investors, we believe it is well worth the investment. It makes no difference whether you are new to trading and want to learn the fundamentals, or whether you are an experienced trader looking to improve your trading skills, TradingView is an excellent place to begin.

Furthermore, you won’t have to worry about putting your money at risk because the platform is available for free. Naturally, the free plan has a limited set of features, but it will provide you with a good understanding of how TradingView works in general.

Aside from that, if you want to see if any of the plans are worth your money, you can take advantage of their 30-day free trial. And if you decide that it is not worth the money, you can always cancel your subscription at any time and you will not be charged anything.

Conclusion

One of the primary advantages of using a web-based stock charting service is that you can always keep track of different stock prices from any location, in real-time, and on any mobile device you may have available to you.

And TradingView promises to deliver on all of these promises and more. Whether you’re looking for technical indicators, a stock screener, financial charts, a forex signal finder, or simulated trading, TradingView has a plethora of useful tools available for you to use for nothing.

Furthermore, the platform is well organized, which results in an excellent user experience, and there is a 30-day free trial period for the premium packages, making it a very attractive deal.

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TradingView, like any other trading phenomenon in the world, has its share of advantages and disadvantages to consider. When the two are compared, the benefits of the screener appear to slightly outweigh the drawbacks.

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