What Is TradingView?
TradingView is a financial platform for traders and investors that offers a variety of tools for analysis, idea generation, and communication. The platform is available online and can be accessed through a web browser or through mobile apps for iOS and Android devices.
How does TradingView work?
You can use TradingView to access a range of financial markets, including stocks, options, futures, and cryptocurrencies. The platform provides real-time data (paid) and news, as well as a range of analysis tools and technical indicators. You can create and customize your own charts, as well as save and share their analyses and trade ideas with others through the platform’s social features.
TradingView Features
In addition to the features mentioned below, TradingView also offers a range of social features that allow users to follow and interact with other traders and investors. The platform has a vibrant community of users who share their trade ideas and insights through the platform’s forums and other social features.
Charts
TradingView offers a wide range of interactive charts that can be customized to display a variety of data and apply various technical analysis tools. The charts are responsive and can be viewed on a variety of devices, including desktop computers, tablets, and smartphones. You can even switch between devices and see your saved charts.
Technical indicators
You can use a range of technical indicators to analyze financial markets. The platform offers a wide range of indicators, including moving averages, oscillators, trend indicators, and volume indicators and plenty more. Even it is possible to use developed indicators from other users.
News from the market
You can stay up-to-date on market news and events through TradingView’s news feed. The platform offers a range of news sources, including real-time news from major financial news outlets.
Stock scanner
You can use TradingView’s stock scanner to search for stocks that meet specific criteria. The stock scanner allows users to filter stocks by a range of variables, including price, volume, and technical indicators. If you are looking for a specific stock scanner you can read this article.
Stock alerts
Traders and investors can set up alerts on TradingView to notify them of specific events or conditions in the markets. The platform offers a range of alert types, including price alerts, volume alerts, and technical indicator alerts.
Watchlists
Traders and investors can create and customize watchlists on TradingView to track the performance of specific stocks or other securities. The platform offers a range of options for organizing and displaying watchlists, including the ability to view multiple lists side-by-side.
Customization and Saved Layouts
Traders and investors can customize their charts and analysis tools on TradingView to suit their personal preferences. The platform offers a range of options for customizing the appearance of charts and tools, as well as the ability to save and restore customized layouts.
Pricing
TradingView offers a range of subscription plans, including a free basic plan and paid premium plans with additional features and tools. Prices for the premium plans vary depending on the length of the subscription and the features included.
Pros & Cons
Overall, TradingView is a comprehensive and user-friendly platform that is well-suited for both novice and experienced traders. Its wide range of analysis tools, news sources, and social features make it a valuable resource for anyone looking to trade or invest in the financial markets. One potential downside of TradingView is the cost of the premium subscription plans, which may be too expensive for some users.