TradingView platform Features Cost Benefits and more

• Published 2 Year Ago
• DHS Blog

Let's start reviewing one of the most popular free stock screeners. A large customer base can be attributed to the fact that features of the TradingView platform are completely free. Some of these traders and investors have paid for the pro version. Is it worth it to use TradingView? We believe it is, and in this TradingView review, we'll tell you why. TradingView is a financial technology company that offers a stock analyzing tool. Their headquarters is located in London, England. It was founded in 2011. Series B fundraising for the company has brought in $40.8 million. By 2022, the platform will have over 35 million monthly visitors.

What does the TradingView platform have to offer?

 If you're looking for a web-based trading platform, the TradingView platform is the best option. One of the best web-based trading platforms in terms of user experience. You can trade directly from the platform by linking your brokerage account to TradingView. There are over 20 different brokers that can be used. What's the point of doing that? The more you use TradingView, the more you'll realize that it's capable of far more than your broker's trading platform ever could.

Additionally, the TradingView platform provides excellent technical analysis. Every indicator you can think of will be available to you. Developers that produce indicators and make them available to TradingView users make up another part of the ecosystem. Indicators developed specifically for TradingView can be found here. The tradingView platform can be used to share your trading setups with others. A prospective trade setup is a favorite topic for traders to discuss. It's simple to share your trade setups on social media with the help of TradingView.

Is it safe and secure?

TradingView platform is encrypted and has great security. There is no FDIC or SIPC insurance because TradingView is not a broker or a bank. You're essentially dealing with an online retailer here.

Features of the TradingView platform



Many of the TradingView platform features are free and don't require registration. You should upgrade to the paid version if you want more features like numerous charts, layouts, and configurable time intervals. 

Charts and Indicators

In the free edition, you can only open one chart at a time per tab; however, in the paid version, you can open up to eight charts per tab. Registering for the free edition allows users to save their charts per layout and choose from various chart kinds totaling twelve in number. With just a few mouse clicks, previously-stored chart layouts can be accessed in TradingView. Chart data can be exported, custom time intervals can be defined, and spread-based intraday charts can be created for pro subscribers.

Tools for drawing

All TradingView platform plans have access to over 50 smart drawing tools. Annotations and geometric shapes, patterns, and lines are examples of this design element. Technical analysis relies on instruments like this all the time. The markets have the potential to rise and fall. TradingView aids in a better understanding of the market's technical characteristics, regardless of the market's direction.

Alerts on the server-side

Do you want to create price alerts for favorite stocks at specified levels? You can do this with the TradingView platform in just a few clicks. You can use server-side notifications even if you're using the free version. Additionally, the more you spend, the more notifications you can activate. Alerts can be set based on a specific price or even indicators or drawings, useful tools. There are a total of twelve different alert circumstances to choose from. Email, Push to phone, and other webhooks are all options for getting notified.

Paper Trading

Even the paper trading module can be utilized with any of the designs. An attractive aspect is the ability to test new trading methods without any risk. The extended trading hours allow you to set watch lists and trade without using TradingView.

Additional Features of the TradingView platform

TradingView platform has a strong community, extended trading hours, and scanners that can be tailored to your own trading methods. Using their stock screener, you may do a market scan depending on the most important parameters to you personally. It's noteworthy to note that the Premium TradingView membership includes several social media-related capabilities. The software may be used anywhere, and Premium subscribers have access to invitation-only trade indicators and signature and website fields. Members of the Pro+ and Premium trading plans get access to private group chats. They do not offer trading instruction as part of their offerings. We will talk about different versions later. It is possible to plan investing and trading strategies with the help of technical indicators.

Technical indicators like moving averages and stochastics aren't included, so you may need more expensive instruments if you require them. The volume profile indicators are a big draw for users. With any premium subscription, you can make use of these extras. Your membership determines the number of indicators displayed on a single chart. Everything is possible, from three to twenty-five indicators on a single chart.

Free competent version

However, if you're expecting the free edition of the TradingView platform to be ad-heavy and lacking in features, you'd be wrong. In fact, that's not true at all. The free edition, despite its limitations, has a lot to offer. Perhaps this is enough for some individuals. Ads are included in the free edition, but they don't obstruct the experience. Ads disappear when you upgrade to the paid version.

TradingView platform- Pro Version





It's simple to understand the pricing. Pro-versions of the TradingView platform cost between $14.95 and $29.95 per month, while the Basic version is free. You can pay $59.95 per month for TradingView Premium to monitor even more markets. There is a 16% discount on the annual subscription. The free edition is, of course, the greatest way to get started. The monthly subscription works well as soon as you've decided to use TradingView. In this manner, you are completely adaptable when you require more features from the more expensive options.

Pros of TradingView platform

• Most people will be satisfied with the free tier.
• High-quality user encounters
• Web, desktop, and mobile versions 

Cons of TradingView platform

• Free accounts have no tech assistance while paying accounts have limited support.
• Most well-known full-service brokers do not integrate with it.

Finally, is the TradingView platform worth it? 

One of the best free charting tools available, the TradingView platform is well worth it.  There isn't much competition in terms of free and basic charting features. Compared to some of the other competitors, the stock screening capabilities are somewhat limited. Working with TradingView is a fulfilling experience due to the platform's ability to clearly convey complex data and its broad feature set. If you don't need a lot of indicators, the free version should suffice. Just keep in mind that there will be no tech assistance.