TradingView Review & Test 2024: Free vs. Pro. Is it Worth it? (2024)

Our extensive review testing rates TradingView 4.7/5 stars due to excellent stock chart analysis, pattern recognition, screening, and backtesting. TradingView is our top recommendation for US and international traders.

With integrated live trading and 20 million active users, traders will always have a source of trading inspiration.

I am a certified Market Analyst with the International Federation of Technical Analysts and a 6-year paid subscriber to TradingView. I use TradingView daily, and I will provide you with an overview of its free and pro services to help you determine if it meets your needs.

TradingView Review Test Results & Ratings

TradingView Rating	4.7/5.0
💸 Pricing	★★★★★
💻 Software	★★★★★
🚦 Trading	★★★★✩
📡 Screening	★★★★✩
📰 News & Social	★★★★★
📈 Charts & Analysis	★★★★★
🔍 Backtesting	★★★★✩
💡 Pattern Recognition	★★★★★
🕯️ Candlestick Recognition	★★★★★
🖱 Usability	★★★★★

Our testing and rating methodology.

TradingView Review Summary

Our review testing reveals that TradingView is a wise choice for stock, Fx, and Crypto traders. TradingView automatically identifies chart patterns, Elliott Waves, and Candlestick patterns, making it incredibly useful for technical analysis.

Additionally, TradingView offers excellent backtesting capabilities and a thriving trading community, making it a great choice for international traders.

TradingView’s powerful scanning and charting software makes it appealing to day and swing traders. However, if you want to implement long-term growth, income, or value investing strategies, look at our alternatives to TradingView.

With excellent social integration, chat, news, and the ability to follow other investors and view and share trade ideas, combined with global stock exchange data, TradingView is the worldwide stock charting analysis leader. TradingView excels by doing everything very well.

TradingView Review: Key Features

⚡ Features	Charts, News, Watchlists, Screening
🏆 Unique Features	Trading, Backtesting, Community
🎯 Best for	Stock, Fx & Crypto Traders
♲ Subscription	Monthly, Yearly
💰 Price	$0-$59/mo
🆓 Free	Launch TradingView For Free
💻 OS	Web Browser
🎮Trial	Yes, Free 30-Day
✂Discount	-25% Discount Available
🌎 Region	Global

We independently research and recommend the best products. We also work with partners to negotiate discounts for you and may earn a small fee through our links.

What is TradingView?

TradingView is the leading global trading platform, with 20 million active traders using the service. TradingView provides a great balance of charting, screening, and analysis for all stocks, indices, ETFs, and cryptocurrencies.

TradingView is a cloud-based market analysis platform combining charts, indicators, screening, strategy development, and backtesting. TradingView’s community shares trading ideas, indicators, and strategies, making it an excellent place to connect and learn. I actively use TradingView every day as a vital tool in my portfolio.

Pros

• 19 Million User Community, Perfect For Learning
• Trading From Charts
• 1st Class Screening & Chart Analysis
• All Stock Exchanges Globally
• 100,000+ User Generated Strategies
• Cost Effective
• The Best Usability & Setup
• Flexible Backtesting with Pine Script

Cons

• Not the Best for Value or Dividend Investors
• No stock options features

Video: My TradingView Review

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TradingView vs. the Competition

Comparing TradingView versus TrendSpider, MetaStock, and TC2000, our tests show that it is the best overall stock analysis software passing 10/11 tests. Only TrendSpider is better at automated analysis, and MetaStock is better for real-time news.

TradingView vs. the Competition

TradingView separates itself from the competition by offering a complete stocks, Forex, Futures, and Cryptocurrency trading portfolio. It covers all global markets and has the largest active social trading community.

While TradingView does have good stock screening for traders, the Stock Rover screening is better for long-term investors, and Metastock has more powerful backtesting tools.

Pricing ★★★★★

TradingView pricing starts at $0 for the Basic ad-supported plan, Pro costs $14.95, Pro+ $29.95, and Premium costs $59.95 monthly. Opting for a yearly subscription will reduce those costs by 16%, representing a significant saving.

Pro+ is the most popular plan, enabling multiple devices and extensive features. Intermediate and experienced traders opt for the Pro & Pro+ plans. In contrast, only the most demanding traders would use the Premium service because it enables publishing scripts, indicators, and strategies.

Compared to the competition, TradingView’s pricing is 20% to 60% cheaper because they have the scale, user base, and proven technology, making the TradingView package very attractive.

TradingView Pricing vs. Competition

Table: TradingView vs. The Competition – Pricing

As you can see, TradingView is the price leader in every category, but ultimately, it depends on what you are looking for. If you want the intraday spread charts & custom charts, go for TradingView Pro+.

Is TradingView Free?

Yes, TradingView is free, and unlike other stock charting software, you can perform stock analysis and screening and read community ideas for no charge. However, the free tier is ad-supported, and you can only save one chart in a single workspace.

TradingView Plans & Feature Comparison

TradingView Basic is free and includes screening, charting, trading, scripting, and three indicators per chart. The Free plan is a great way to test the service, but it is also ad-supported, which can be annoying.

TradingView Pro costs $14.95/mo and is ad-free, including two charts per layout, five indicators per chart, and 20 alerts. It also enables access to the full social network. The Pro plan is ideal for beginner and intermediate traders wanting more flexibility.

TradingView Pro+ costs $29.95/mo and includes ten indicators per chart, 100 alerts, and ten chart layouts. Pro+ is for intermediate to demanding traders who want the best balance of functionality and price.

TradingView Premium costs $59.95/mo, and targets experienced traders who want no limits on functionality and the ability to develop and publish indicators and trading strategies for their clients.

I use the Premium version to develop indicators, scripts, and strategies. Still, I recommend the TradingView Pro at $14.95 per month or the Pro+ at $29.95 per month, as the benefits are extensive.

Is TradingView Pro Worth It?

Yes, TradingView Pro is worth it; it unlocks multiple indicators, charts, and alerts. It provides you with full community access and enables more powerful technical analysis. If you value making better trading decisions, Pro and Pro+ are worth it.

How to get TradingView Pro for Free

You can get TradingView Pro, Pro+, and Premium for free. Simply sign up for a free trial with TradingView, and you will have full access to the Pro service at no cost for 30 days. This is the only way to get TradingView Pro for free.

TradingView’s Platform ★★★★★

TradingView runs on PCs, Macs, Tablets, and Smartphones and requires zero installation. The market data is vast, covering nearly all stock markets. It includes stocks, ETFs, futures, foreign exchange, and bonds, all at no extra price, which means outstanding value for money.

TradingViews’s cloud architecture means no client software to download and install, and all the stock exchange data resides on the vendor’s servers in the cloud. The charting and visualization are stored and computed in the cloud; only the charts you want to visualize are streamed to your device.

If you want to learn from other traders and share ideas with others, cloud-based software is the way forward. The simplicity of setup and cross-device compatibility are also deciding factors in choosing cloud-based platforms.

TradingView has the best implementation of cloud-based stock analysis on the market.

Is TradingView Real-time?

Yes, TradingView provides real-time exchange data if you subscribe to the Pro, Pro+, or Premium services. Some exchanges charge extra for real-time data, but TradingView’s real-time data costs are the lowest in the industry, charging only $2/mo per exchange, compared to competitors charging $10 to $15/mo.

Which Stock Exchanges are Included with TradingView?

TradingView pulls data from 13 American stock exchanges, nine exchanges covering Europe, and 30 exchanges in Asia. In addition to that, TradingView also covers all major cryptocurrency exchanges, foreign exchange, and commodity futures markets.

Trading With TradingView ★★★★✩

With TradingView in the USA, you get great broker integration with TradeStation for stocks. In Europe, you have integration FXCM and Saxo Group for currency and CFD trading.

You can place trades directly from charts, which will take care of profit & loss reporting and analysis. The only thing it does not cover is Stock Options trading.

How to Paper Trade on TradingView?

TradingView has implemented paper trading by default for all of its subscription plans. You can paper trade for free with TradingView; when you view a chart, click the “Buy” button and choose “Paper Trading.”

Is TradingView Good for Day Trading?

Yes, TradingView is a good choice for day traders with broker integration for free stock trades, real-time exchange data, and powerful pattern recognition and backtesting tools.

What Can I Trade Using TradingView?

With TradingView, you can trade stocks and indices globally and all the major and minor foreign exchange currencies. Additionally, one can trade energy, metals, agriculture futures, and all major cryptocurrencies.

• Stocks – tens of thousands of shares; see above for exchange coverage.
• Forex (FX) Currencies – All the Major, Minor, and Exotic currencies covered
• Futures – Energy, Metals, Agriculture, Indices, and even Interest Rates
• Crypto Currencies – 26 including Bitcoin, Ripple, Ethereum, Bitcoin Cash
• Bonds – 30+ Government Bond Types

Can I Trade Bitcoin on TradingView?

Theoretically, Yes, but only outside the USA. You can enable this with an account through a CFD Broker. I say theoretically because CFD (Contracts for Difference) Brokers will not allow you to fill your Bitcoin Wallet; they will only enable a virtual trade open with a selling price that “should” reflect the current market price.

It’s like buying a gold ETF rather than buying actual physical gold.

Candlestick Pattern Recognition

TradingView has introduced Candlestick Pattern Recognition as a core component of the platform. You do not have to pay anything extra for a plugin; you can even use Candlestick pattern recognition on their free Basic plan.

In the image below, you can see that pattern recognition is intelligently implemented.

The Bearish Engulfing (BE) patterns are highlighted in Red, with an arrow pointing downward, suggesting that this candle is a bearish sign. You can also observe that the Doji (D) patterns are grey and pointing upwards, indicating a possible price direction change.

I like that you can hover your mouse over the pattern and get a full and detailed explanation of the pattern and what it means.

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TradingView App ★★★★★

The TradingView app has a 4.9/5 star rating on the Apple app store and a 4.8/5 rating on the Google Play store, meaning the mobile app is first class. TradingView’s app has limited functionality as it understandably favors simplicity.

If you want the full power, visit TradingView.com on your mobile browser, meaning you do not need an app for smartphones or tablets.

TradingView is at the cutting edge of HTML5 development, which means whatever device you use, TradingView will be visually perfect due to the incredible responsive software design.

You do not need to sync your data across devices; it is already there. Tradingview is the software I use every day, and because it is geared around social interaction, learning, and community ideas, it is a fabulous place to be.

TradingView Scanning ★★★★✩

Testing the TradingView stock screener shows it excels at screening for technical indicators, providing real-time scanning and filtering on 172 metrics, including 42 financial filters. TradingViews stock screener includes a useful scan for technical buy and sell ratings.

TradingView has vast amounts of economic data, such as Federal Funds Rates and World Economic Growth, thanks to a connection to the Federal Reserve database.

TradingView’s screening watchlists have fundamental data separated into Performance, Valuation, Dividends, Margin, Income Statement, and Balance Sheet. TradingView stands out with its charting of economic indicators, for example, comparing the civilian unemployment rate versus the growth in company profits. You can set the screening watchlist and filters to refresh every minute.

Stock Screeners

The TradingView stock screener comes complete with 160 fundamental and technical screening criteria; all the usual criteria are there, such as EPS, Quick Ratio, Pre-Tax Margin, and PE Ratio. But it also goes into more depth with more esoteric criteria such as the number of employees, goodwill, and enterprise value.

Another great thing about the screener implementation is that it is very customizable; you can configure the columns and filters exactly how you like them. As you can see above, I have changed the overview screen to include the number of employees, P/E, and EPS TTM.

Forex Screener

TradingView’s Forex screener shows the major and minor pairs by default, and you can add exotic FX pairs. You can filter on rising and falling fx pairs and even set alerts directly from the screener.

What is unique here is the availability of screeners for chart patterns and setups for TradingView foreign exchange pairs, making it very valuable for day traders searching for volatility and leverage.

Crypto Screener

The ability of TradingView to also provide crypto screening is unique. The cryptocurrency rating system enables you to select the cryptos rated as “strong sell” to use as candidates for short trades and strong buys as candidates for long trades, saving you a lot of time.

TradingView News & Social ★★★★★

TradingView is built with people at the forefront and is the best to share and learn socially; forget StockTwits; Tradingview is the best. TradingView’s fully integrated chat forum and publishing system are excellent ways to share your charts and ideas.

Check out my published ideas on TradingView and follow me for regular market and stock analysis ideas and commentary.

Chart, Scan, Trade & Join Me On TradingView for Free

Join me and 13 million traders on TradingView for free. TradingView is a great place to meet other investors, share ideas, chart, screen, and chat.

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TradingView presents an excellent way to generate trade ideas or learn from other traders. You have to try it and see it in action to understand the power of the implementation.

TradingView has also integrated Benzinga, Reuters, and MT newswire feeds. As soon as you connect to TradingView, you realize this is also developed for the community. You can look at community trade ideas, post your charts and ideas, and join limitless numbers of groups covering everything from bonds to cryptocurrencies.

The TradingView news service is only second to Benzinga Proand MetaStock R/T with real-time newsfeeds.

What is TradingView’s Reputation?

TradingView rates every user with a reputation score. Publish an idea on TradingView; other users can comment and like your post. Liking your content increases your reputation score in TradingView, thus assuring other users of your trustworthiness.

TradingView Charts★★★★★

With over 160 different indicators and unique specialty charts such as LineBreak, Kagi, Heikin Ashi, Point & Figure, and Renko, you have everything you need as an advanced trader, day trader, or swing trader. I have a Premium membership and get fully integrated Level II data and insight.

TradingView has an exceptional selection of 65 chart drawing tools, including those unavailable on other platforms like extensive Gann and Fibonacci, plus hundreds of icons for your charts, notes, and ideas.

Automatic Stock Indicator Ratings

Most people do not want to learn in-depth how each indicator works. This innovation allows you to save time by getting an instant readout of which indicators are bullish, bearish, or neutral.

The stock indicators ratings are well implemented because there are two critical technical analysis indicators: moving averages based on price and oscillators based on price and volume. Based on my observations, the TradingView buy and sell indicators are a good measure of sentiment and are featured in our .

When viewing a chart, click “Technicals,” and you are presented with three gauges. The left gauge shows the oscillating indicators like relative strength, stochastics, and the Average Directional Index. On the right, you have a selection of Moving Averages, Simple, Exponential, and even Ichimoku Cloud.

Each indicator is averaged out to give an overall Buy, Sell, or Neutral Rating, making it an excellent implementation of automated technical analysis designed with the user in mind.

TradingView Advanced Charts

I was incredibly impressed with the offering of Kagi, Heikin Ashi, and Renko Charts, including Point & Figure and Line Break. Also, the user community has developed indicators as exotic as Moon Phase.

This chart selection gives you everything you will need as an advanced trader. You also get Level II insight, fully integrated with the Premium membership. Well done, TradingView.

They have also implemented Darvas Box, Elliot Wave, and Point & Figure Charts for experienced technical analysts. All-round an excellent package.

TradingView Backtesting ★★★★✩

TradingView has incredibly powerful and flexible backtesting, enabling advanced strategy testing. There are two drawbacks. Firstly, you need to learn Pine script to code the strategy. Secondly, you cannot test your strategy on a basket of stocks. It is for these two reasons that TradingView gets 4/5 stars.

The only thing TradingView cannot do is forecast future stock prices; for that, you would be better off with MetaStock.

TradingView Strategy Tester

TradingView has an active community of people developing and selling stock analysis systems, and you can create and sell your own with the Premium-level service. Also, there are many indicators and systems from the community for free.

They have implemented backtesting straightforwardly and intuitively. In the image below, I have implemented an in-built strategy called “Slow Stochastics,” which initiates a trade when the stochastics indicators are oversold and sells when stochastics are overbought.

I like that you have results in a few clicks [strategy tester -> Add Strategy]. You can also tweak the strategy parameters, as you can see below, and observe the results.

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TradingView’s backtesting reporting shows net profit, drawdown, buy & hold return, % profitable trades, and the number of trades.

I have even implemented my MOSES ETF Trading strategy into TradingView; I am no developer, but the Pine Script language is so natural that anyone can do it.

TradingView also has market replay functionality, enabling you to play through the timeline and show you the chart scrolling and the trades executed; all buy and sell orders are drawn on the chart and highlighted.

TradingView Candlestick Recognition ★★★★★

TradingView offers automated candlestick recognition for 48 patterns for free. The Candlestick pattern recognition works globally on stocks, ETFs, Forex, and cryptocurrencies. Candlestick pattern recognition is a core component of the platform, which means you do not have to pay anything extra for a plugin; it is simply there.

In the image below, you can see that pattern recognition is intelligently implemented. The Bearish Engulfing (BE) patterns are highlighted in Red, with an arrow pointing downward, suggesting that this candle is a bearish sign. You can also observe that the Doji (D) patterns are grey and pointing upwards, indicating a possible price direction change.

Finally, I like that you can hover your mouse over the pattern and get a full and detailed explanation of its meaning.

TradingView Pattern Recognition ★★★★★

In addition to candlestick pattern recognition, TradingView can also detect 16 high-probability chart patterns, including double tops, bottoms, flags, wedges, and triangles.

TradingView Usability ★★★★★

Within 1 minute, I was using TradingView with no credit card, installation, or configuring data feeds; it was just there. Even better is the fact that it is already configured for use. All controls are intuitive, and the charts look amazing. TradingView’s ease of use is impressive, especially considering its vast data feeds and backend power.

Is TradingView Trustworthy?

Yes, TradingView is a trustworthy company with reliable trading software. TradingView has vigilant moderators for community content. I have been a demanding customer and partner of TradingView for six years and find the service extremely reliable.

Is TradingView Worth It?

Yes, TradingView is worth it, and 20 million active monthly users agree. TradingView is the leading global financial market analysis platform for traders with powerful charts, indicators, screening, backtesting, and a competitive price.

Why TradingView Pro is Worth It!

TradingView Pro is worth investing in because of its unique features like technical stock ratings, global broker integration for trading, and screening with built-in pattern recognition. Perhaps its best feature is the global community of traders creating customer indicators and sharing trading ideas.

TradingView Review & Testing Summary

TradingView combines charting, screening, and backtesting into an innovative technical analysis trading platform. TradingView’s cloud-based software covers Stocks, Forex, Crypto, and Bonds for nearly every exchange. With a vast, active social community, TradingView is a global solution for traders.

FAQ

TradingView Alternatives

Stock Rover is better than TradingView for long-term growth, dividend, and value investors. For AI-driven robotic day trading, Trade Ideas is better. For trading real-time news, Benzinga Pro is a better alternative. Finally, for automated stock chart analysis, TrendSpider is a better option.

7 Best TradingView Alternatives for 2023

TradingView Comparison Articles

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