TradingView is just one choice out of many when it comes to asset screeners. Most offer a similar set of charting and trading tools, but let’s take a look at the main aspects. TradingView certainly does some things very well, but there is also room for improvement.
- HTML5 charting – Any device with an internet browser can access TradingView. You don’t need to install any software and can view your charts anywhere.
- Free membership – Anyone can access the majority of features available.
- Server-side alerting system – If you set an alert, TradingView will keep track of this on their servers. You don’t need to have TradingView open to receive alert notifications.
- Binance compatibility – While you can’t access Binance from TradingView’s website, you can use TradingView in Binance’s trading UI. You can easily buy and sell crypto with Binance and also create charts on the fly.
- Scripts – More advanced users can create custom indicators saved to TradingView’s servers. This feature is powered using Pine Script, TradingView’s custom coding language that is simple to use.
- Asset selection – There’s a considerable amount of equities, securities, commodities, and forex info available to chart. We’re not just limited to cryptocurrencies here!
- Backtesting – Once you’ve developed a strategy, it’s simple to backtest using the inbuilt feature.
- Community issues – While the Streams and Ideas tab concept is interesting, the quality of what you’ll find varies greatly. A lot of advice given is highly speculative and not very helpful for new users. The comments section also has occasional trolling.
- Customer support – The TradingView community commonly reports problems with TradingView’s customer support. Only paying customers can raise issues, and free users receive no support.
- Brokerage integration – TradingView has incorporated some brokers and trading platforms, but the options are still quite limited.
- Cboe BZX data – TradingView’s prices for U.S. stocks don’t come directly from their associated stock markets. NASDAQ stocks, for example, get their price from the Cboe BZX exchange, which can differ slightly from the actual price. Real-time data from an exchange is available for a fee.