Tradingview: The Ultimate Guide for Traders and Investors

What is TradingView?

TradingView is a cloud-based platform that offers traders and investors advanced charting, analysis, and trading tools to achieve their trading goals. Following it’s release in 2011, TradingView has become a popular option for analyzing financial markets, such as stocks, cryptocurrencies, forex, commodities, and indices.

TradingView is compounded with a user-friendly interface, interactive charts and historical data, and an extensive library of technical indicators. This means traders can Visualise markets with detailed analysis, monitor price movements, and identify trading opportunities.

TradingView is one of our favorite social trading platforms as it allows users to interact with a worldwide community through sharing ideas, strategies and charts. It’s a more collaborative environment for traders to learn and enhance their trading skills, whether they are novices or financiers.

Moreover, TradingView integrates with multiple brokers so traders can make trades directly from the platform. TradingView has a free plan, as well as paid plans to attract casual traders, and more advanced tools for professionals.

Key Features of TradingView

TradingView is a great platform for traders and investors and for those who want to investigate the financial markets. The popularity of TradingView is a result of many advanced aspects, a good user interface, and community aspects. Here are the features that make TradingView unique.

1. Advanced Charts and Indicators
   TradingView provides a wide range of charts (e.g. candlestick, bar, line, and area). TradingView provides many built-in indicators (e.g Moving Averages, RSI, MACD) that the user is able to use in their technical analysis.
2. Drawing Tools
   Traders can also use drawing tools, such as trend lines, support and resistances, Fibonacci retracements, and many more to annotate their charts. All of those tools help to visualize market patterns, and enable the user to make a decision.
3. Alerts
   When utilizing TradingView, you can set alerts on price levels, indicators, or set custom conditions. Those alerts can be sent to you via email, the TradingView app, and (probably) other methods. This feature allows traders to remain aware of price movements, when they are not in front of a screen.
4. Supports Many Assets
   With TradingView you can view many different types of financial assets (stocks, forex, cryptocurrencies, commodities, and indices). This means that you can use TradingView for many markets in one place.
5. Social Community and Idea Sharing
   One of TradingView’s key features is its social networking functionality. Users can publish their ideas, share charts and/or screenshots, follow other traders, and communicate their strategies. The community aspect of TradingView is extremely beneficial for trader education purposes and helps keep you still when you’re up-to-date with trends in the trading community.
6. Integration with Brokers
   You are able to connect with supported brokers through TradingView. This means users could execute trades while using the platform and run parallel with real-time market data on TradingView.
7. Access from Multiple Devices
   Not only can users access the TradingView platform on desktop or web, but it is also available on mobile. This is great for traders or investors who want to follow the markets and run their trades anywhere they are at any time.

All in all, if you combine great charting, user-customizable alerts, and a great community with broad market scope, TradingView is the only tool on any trader’s or investor’s toolbox at any experience level.

How to Create a TradingView Account

Newcomers to TradingView will find that getting started is easy. By signing up for an account, you can readily access advanced charting and indicators with the TradingView community support. Here’s a brief setup guide.

1. Go to TradingView Website
   Visit tradingview.com and select “Join Now” or “Sign Up” at the top right. Double-check that you are on the official site to avoid becoming a victim of phishing scams.
2. Select a Sign-Up Option
   TradingView gives you the option to register as an individual, using email, Google account, Facebook, or Apple ID. Select your preferred sign-up option.
3. Complete Profile
   Complete profile information including your name, username, and preferences. This will allow you to fully participate in the TradingView community and get a sense of your interaction statistics.
4. Select Your Plan
   TradingView has free and paid plans! The free plan offers basic charting and alerts. There are three other paid plans labeled Pro, Pro+, and Premium. You can access advanced indicators, multiple charts, additional alerts, etc. Starting with a free plan will allow you to become familiar with the technology and then pursue an upgrade if needed.
5. Personalize Your Workspace
   After your account is created and activated, you can personalize your charts, add indicators, and set alerts to fit your trading strategy. Also, TradingView lets you save chart templates to quickly access them later.
6. Participate in the Community
   TradingView’s community is one of the best features of the platform. You can follow other traders, share ideas, and participate in discussions, picking up knowledge from more experienced users.

Creating a TradingView account is the first step to using a powerful platform for market analysis, trading, and investment planing. Now that you created your account you can begin to explore the charts, indicators, and social capabilities of this great platform.

TradingView Charts and Tools Explained

Traders love TradingView, hence, one of the main reasons is due to the unfathomable understandability and charting and analysis tools. Whether you’re a beginner trader or an established trader, it’s essential to understand some of these features to make the best of your time on the TradingView platform.

1. Chart Types
   TradingView has several chart types: candlestick chart, line chart, bar chart, Heikin-Ashi chart and area chart. Candlestick charts are widely used in technical analysis and traders find it most useful when looking for price action.
2. Indicators and Oscillators
   TradingView has probably hundreds of built-in indicators including Moving Averages, RSI, MACD, Bollinger Bands and Fibonacci retracements. All of these tools will help identify market trends, momentum and possible entry or exit points.
3. Drawing Tools
   TradingView has a tool section for reference lines, boxes or circles to draw on the charts. You can independently draw trendlines, support and resistance levels, channels and even geometric shapes to help visualize market formations.
4. Multi Timeframes
   TradingView allows the trader to view charts in different timeframes ranging from one minute to monthly. This feature allows the trader to analyze short and or long term behavior.
5. Chart Layouts and Templates
   TradingView allows users to create multiple layout options with the ability to save templates to come back to later. This is useful for the trader that may want to observe a number of assets or trading strategies simultaneously.
6. Market Coverage and Real-Time Data
   There’s a wide variety of real time data for all asset classes from stocks, to forex, to crypto, to commodities, to indices available on TradingView. Traders can see everything in one spot with real-time data.
7. Pine Editor & Custom Scripts
   For more advanced users, TradingView includes the Pine Script programming language to allow users create their own unique indicators, alerts, and strategies. This level of customization allows traders to analyze, automate and customize their analysis in a whole new way.

To wrap it up, TradingView charts plus their tools give traders everything they need to widely analyze the market, monitor price movement, and review trading strategies. Traders of all skill levels can utilize TradingView due to its flexibility and ease-of-use capabilities.

TradingView Alerts and Notifications

TradingView provides one of the best alert systems available on the web today. Alerts allow traders like you to keep tabs on the markets without needing to watch charts. With TradingView alerts, you can act fast when price, indicators, or custom conditions change.

1. Price Alerts
   TradingView allows you to set alerts when an asset (like BTC) hits a certain price value. As an example, you can get an alert when Bitcoin hits a target price. This is perfect for traders that want to enter or exit trades with pinpoint accuracy.
2. Indicator Alerts
   You can set alerts based on indicators like Moving Averages, RSI, and MACD. For example, you can get an alert when RSI alerts that market is overbought or oversold.
3. Custom Alerts
   Power users can set even better alerts using TradingView’s Pine Script. The possibilities are limitless with custom alerts due to the high level of customization.
4. Alert Notifications
   You will receive you alerts notice in a variety of ways such as e-mail, SMS, and mobile app push notifications. This makes it easy to stay informed even when you are not in front of your computer.
5. Alert Management
   Managing all alerts is simple from the TradingView dashboard. You can edit, pause, and/or delete alerts as you see fit, making managing multiple alerts easy.

By implementing TradingView alerts and notifications, traders can create timely decisions, minimize missed opportunities, and maintain control of their strategies without having to monitor the market.

TradingView Social Community

A unique feature that distinguishes TradingView from other trading platforms is its active social community. The community allows traders/investors to host and share ideas, strategies, and insights for the market. Hence, TradingView is not only a charting platform, but also a version of a shared learning platform.

1. Idea Sharing
   Users are able to publish trade ideas, chart analysis, and predictions directly onto TradingView. Other traders are then able to learn from various methods of approaches and outcomes, as well as share their own market insights.
2. Following & Networking
   TradingView has following features where you can follow other traders and analysts that apply strategies similar to your own interests. Networking with these traders enables you to be updated on their ideas and opportunities they are considering, along with keeping them aware of anything you potentially have market ideas about.
3. Commenting / Discussions
   Each published idea on TradingView includes a comment section allowing users to discuss other methods or strategies, ask questions, and leave remarks. Making comments not amenable to other traders’ situations allows other traders to grow and to introduce them to other suggestions or ways to approach problems, as well as to understand how others interpret the market.
4. Public & Private Profiles
   TradingView Users have the ability to create an option for a public profile for their analyses, performance, and statistics or a private profile for personal review. Public profiles enable traders to build their credibility and connect with other users with commonalities in the community.
5. Community-Created Indicators

The TradingView community has also supplied custom indicators and scripts with Pine Script. Many of these tools are free for traders to use, and they can utilize the innovative ideas created by fellow traders.

By harnessing the TradingView social community, traders will not only utilize state-of-the-art-market analysis and charting tools, but they will also benefit from the collective knowledge of traders, learning from experienced traders, and being on top of the trends in the market.

TradingView Pricing and Plans

TradingView has the appropriate pricing options for certain styles of traders. Furthermore, an understanding of the plans helps users select the most appropriate level of access based upon their need for trading access.

1. Free Plan
   The free plan is perfect for a beginner, who wants to test any/all of TradingView’s features. Key features include:

• Basic charts and indicators to use
• One chart per layout
• Limited alerts (1 active alert)
• Access to TradingView Community

2. Pro Plan
   The Pro plan is appropriate for active traders, who want/need more tools and flexibility. Key features include:

• All the Pro features
• Up to 2 charts per layout
• 10 active alerts
• 5 indicators per chart
• Ad-free experience

3. Pro+ Plan
   The Pro+ plan is ideal for a serious trader and/or a trader using multiple strategies at once. Key features of the Pro+ plan include:

• All the Pro features
• Up to 4 charts per layout
• 30 active alerts
• 10 indicators per chart
• Priority customer support

4. Premium Plan
   The Premium plan is a plan meant for professional traders, or institutions that need the most sophisticated tools. Premium features include:

• 8 charts per layout
• 400 active alerts
• Unlimited indicators on a chart
• Ability to access intraday exotic intervals and extended trading hours data

• VIP customer support

5. Choosing a Plan
   In summary, for most beginner traders, the free plan is sufficient to begin learning and practicing market analysis. Going to a Pro, Pro+, or Premium plan is a transaction where more charts, alerts, and advanced features unlock for you as your trading needs grow, showcasing how versatile TradingView can be.

In conclusion, TradingView pricing and plans are designed to enchance the trading experience for the lowest possible cost, while accommodating casual traders to professionals with flexibility and scalability as users progress in their trading journey.

Pros and Cons of TradingView

Like any trading platform, TradingView has its strengths and shortcomings. Knowing both sides can help traders make an informed decision about whether it is suitable for their trading needs.

Ultimately, there are some advantages and disadvantages of TradingView.

TradingView Pros:

• Ease of Usage
  TradingView is an easy-to use platform. It features a clean and simple interface, allowing new traders or users to quickly learn how to use the charts, tools and various TradingView features.
• Advanced Charting Capabilities
  TradingView offers a variety of chart types, indicators, drawing tools and timeframes, giving traders the ability to do extensive technical analysis.
• Custom Alerts and Notifications
  TradingView permits users to set price alerts, indicator alerts, custom conditions and more. This gives the trader the ability to keep informed of the market movements, without continuously monitor the market.
• Social Community and Idea Publishing
  The TradingView platform allows the users to publish a trade idea and share it with other users, follow other traders and access community based indicators, thus providing various persuades of communal market knowledge.
• Multi-Asset Coverage
  TradingView covers stock, forex, cryptocurrencies, commodities and indices, thus giving traders the ability to trade using other aspects instead of just stocks.

Multi-Device Availability
The charts or alerts can be accessed on a desktop, web or mobile, thus allow traders to continue to be engaged with the market anywhere.

Cons of TradingView

• Paid Plans Might Cost a Lot
  While the beginner-friendly features on the free plan are very useful, features that require paid subscriptions (advanced features, multiple alerts) can be expensive for more casual traders.
• Learning Curve
  While TradingView is quite intuitive, the number of tools and features available can be overwhelming for new traders in the early stages.
• Limited Broker Integration
  While TradingView is connected to some broker accounts, they do not have all brokers, which may hinder the execution of trades from the TradingView platform.

In conclusion, TradingView is a powerful and flexible platform for traders and investors, with advanced tools, community opportunities, and multi-asset coverage. However, trading requires time to learn the platform, and some of the advanced features require a paid plan, which may deter some users.

TradingView vs. Other Trading Platforms

When judging TradingView against other trading platforms, there are a number of features that set TradingView apart including charting tools and enhanced community features. Recognizing these distinguishing features can help traders determine the best platform to meet their needs.

1. TradingView vs MetaTrader (MT4/MT5)
   MetaTrader is preferred by users who trade Forex and CFD’s and offers automated trading through Expert Advisors and indicators you may already use but TradingView offers better charting capabilities with a wider library of indicators, more flexible UI and is easier to use. As a platform, it is much more useful to users both new and advanced, who are interested in market analysis as opposed to just features bound to a particular broker.
2. TradingView vs ThinkorSwim
   ThinkorSwim is owned by TD Ameritrade and offers stock level analysis based on professional-level tools. While ThinkorSwim is a good platform, it can additional be overwhelming for a new user. TradeView however offers a more simplistic UI, multi-asset class coverage, as well as social features that allow traders to follow ideas and strategies that relevant traders post on TradingView.
3. TradingView vs Broker Charts e.g Binance or eToro
   Most brokers provide users with basic charting tools integrated into their platform. While this is very convenient for executing trades, broker charts are often stripped back features and lack advanced indicators and custom alerts. TradingView offers more advanced charting, allow users to build customizable charts, utilizing Pine Script to build custom indicators and access a large community via TradingView to share ideas making TradingView is an ideal platform for developing ideas through technical analysis.
4. Key Benefits with TradingView

• Sophisticated chart types and access to hundreds of indicators
• Customizable alerts and notifications
• Social community for sharing ideas and commenting
• Multi-asset class coverage for stocks, forex, cryptocurrencies, commodities, indices
• Accessible on the web, desktop and mobile

To sum up, TradingView is a versatile, easy-to-use, and feature-rich platform compared to most other trading tools available. Additionally, its blend of cutting-edge charting, multi-market coverage, and community-generated insights ranks it among the highest platforms for trading tools, regardless of a trader’s experience.

Final Thoughts on TradingView

TradingView has become one of the most popular and valued platforms around the world for traders and investors with its unique flexibility and also because it impressively merges a sophisticated charting platform, scalable indicators, multi-asset asset classes, and the highest quality alert system, it is perfect for beginning traders or professional traders alike.

TradingView comes with the added advantage of an active social community, allowing users to share ideas, follow experts’ trades, and learn from group knowledge about markets. While some of its advanced features may require a paid subscription, TradingView’s free plan will suffice for the purposes of almost all beginning traders to start analyzing markets.

In conclusion, TradingView is far more than a charting platform, it is a full comprehensive market analysis, strategy creation, and community engagement site. For anyone serious about trading or investing, TradingView provides all the necessary tools, flexibility, and support to be competent and make benefits in the fast-paced world of financial markets.