TradingView offers a variety of trading tools and has been around for a long time. Good charting and analysis. But changes have caused some headaches. They changed the pricing and service. So many are looking for alternatives.
TradingView Features
Multi-Market: Cryptocurrencies, stocks, ETFs, futures, forex.
Real-Time Data and Analysis: Real-time data and customizable charts and analysis.
Community: Share ideas, strategies and custom indicators.
Custom Scripting: Pine Script for custom indicators and strategies.
Despite being popular TradingView has:
Higher Costs: Price increases have made premium features less affordable for some.
Feature Locks: Essential tools and features are often locked on higher tier plans, limiting what’s available on popular plans.
Layout Limitations: Saving multiple chart layouts is often limited on lower tier plans, disrupting workflow.
Overwhelming: Too many customization options can be overwhelming for newbies, making the learning curve steeper.
Indicator Development: Pine Script is powerful but complicated and may not be enough for complex strategies or advanced data manipulation.
Alert Limitations: The free plan has limited real-time alerts, a key feature for many active traders.
Performance: During market volatility users sometimes experience lag or downtime, impacting real-time analysis and trading decisions.
Data Feed Issues: Data feed discrepancies can cause chart discrepancies with other platforms.
These are reasons why many are looking for alternatives. These limitations often lead experienced traders to seek more advanced platforms that offer deeper analytical features and improved performance.
What to look for in a TradingView Alternative
When looking for the best TradingView alternatives, traders must evaluate several factors to choose a platform that fits their needs. The evaluation process involves examining:
Technical Analysis Tools and Indicators
Variety of Chart Types: Candlestick, Bar, and Line charts are essential for detailed technical analysis.
Advanced drawing tools: Lines, Channels, Fibonacci, Shapes, and Measurement tools are part of the essential technical tools for traders.
Compatibility with various asset classes.
Personalizable charts and layouts: color palettes, templates, and layout sharing options.
Data and Analysis: Integration of fundamental data, and screening tools.
Portfolio management capabilities.
Technical indicators: both standard and personalized indicators.
Pricing and Value
Free version has the basics.
Premium with advanced features and support.
Real time Market Data and Charting
Real-time market data and feeds.
In addition to real-time data, the integration of fundamental analysis is crucial for providing comprehensive market insights.
Data accuracy.
Historical data and charting.
Advanced charting tools and indicators.
Customization and UI
Fast and responsive UI, WebGL.
User friendly UI and navigation.
Customization options for charts and layouts.
Multi device and platform support.
Customer Support and Community
Good customer support.
Community resources.
TradingView Alternatives
There is no one size fits all, but you can choose from the competition that suits your trading style and tools:
MetaStock: Technical Analysis
Huge library of indicators and drawing tools
Multi-asset class including global markets
System tester for backtesting and optimization
TrendSpider: Charting with Automation
Real-time market data and custom feeds for multiple assets
Flexible chart layouts with multi time frame analysis
Automated trendlines and support/resistance
TC2000: Technical Analysis Suite
Technical analysis software with advanced charting
Built-in and custom indicators
EasyScan for stock screening
StockCharts: Charting for Old School Techs
Simple charting tools for traditional tech analysis
SharpCharts for quick charting and analysis
Seasonality for cyclical patterns
Thinkorswim: Pro Trading Platform with Scripting
TD Ameritrade's professional trading platform
Advanced charting with thinkScript for custom indicators
Stock, option and futures screening
NinjaTrader: Platform with Backtesting
Affordable with multiple pricing options
Backtesting engine with strategy optimization
Customizable workspaces and add-ons
Trade Ideas: AI Trading and Analysis
AI for automated strategies
Live streaming of trade ideas and market opportunities
Backtesting and strategy optimization
FinViz: Stock Screener and Market Analysis
Visual screener with pattern recognition
News and insider trading
Portfolio management with email alerts
TakeProfit: Community-Driven Platform with Advanced Charting
Cloud indicators using Indie language
Customizable workspaces with drag-and-drop widgets
Community focus and idea sharing
Fast and Clean charts
Single $20 plan
Platforms for specific markets
Equity Market: Quadency and Trade Republic
Quadency: equity market trading platform
Trade Republic: equity market platform with real time data and feeds
Crypto Market: Coinigy and Tab-trader
Coinigy: crypto market trading platform
Tab-trader: crypto market platform with real time data and feeds
Forex Market: Protrader and MetaTrader
Protrader: forex trading platform for traders
MetaTrader: forex platform with real time data and feeds
TakeProfit: Smart Charting, Smarter Community
TakeProfit is a new analysis platform, offering a mix of advanced tools and community focus. Alternative to TradingView, with a focus on collaboration and modern tech.
Features:
Community platform
WebGL charting
Flexible workspaces with widgets
Custom cloud indicators (Indie language, Python based)
Stock screener
Single plan: $20/month (50% annual discount)
Pros:
New approach to trading platforms
Collaboration focus
Modern tech
Simple pricing
Cons:
Smaller community than established platforms
No track record
Users say:
"TakeProfit's charts, custom indicators and community features make it a strong one, especially for those who trade with others."
TakeProfit has new features and good pricing but may not have the same amount of community content as established platforms like TradingView. The choice is up to you, your trading style and budget.
Conclusion
Top TradingView Alternatives
TrendSpider: Advanced charting and automated technical analysis, for pattern recognition and algo traders.
Trade Ideas: AI-powered trading suggestions and real-time scanning, for active traders who want data driven insights.
TC2000: Technical analysis and charting software, for those who want deep market analysis.
StockCharts: Charting tools and a huge library of indicators, for classic technical analysts.
Thinkorswim: Full-featured trading platform with charting and scripting, for advanced traders.
FinViz: Visual stock screening and market analysis, for technical and fundamental analysts.
MetaStock: Technical analysis and charting tools, for pros and institutions.
NinjaTrader: For advanced users with backtesting.
TakeProfit: A new kid on the block, with advanced charting, community focus and custom cloud indicators.
Choosing the Best TradingView Alternative: A Personalized Approach
Choosing the right TradingView alternative is personal, it’s about your trading style, experience and needs. To make an informed decision consider the following:
Prioritize Must Haves:
What are the key elements of your trading strategy? Whether it’s advanced charting, real-time data, the ability to create custom indicators or access to a trading community, focus on platforms that excel in your must-haves. This way your chosen tool will enhance not hinder your trading.
Match Your Level of Experience:
Trading platforms are different in complexity. Some alternatives are designed for advanced traders with advanced tools, others for beginners with a gentle learning curve. Choose a platform that matches your current level of experience and also has room for growth as you evolve as a trader.
Total Cost of Ownership:
Look beyond the subscription price. Consider additional costs like real-time data feed fees, premium feature fees and potential API access costs. Also factor in potential savings from better trading performance a more suitable platform might offer. A total cost of ownership view will help you make a more cost-effective decision in the long run.
Leverage Free Trials and Demos:
Hands on experience is key in evaluating a platform. Make full use of free trials and demo accounts offered by different providers. This practical experience allows you to navigate the UI, test key features and see how the platform performs under real-world conditions. It’s an essential step in making an informed decision.
Integration:
How well does the platform integrate with other tools in your trading setup. Compatibility with your preferred brokers, ability to import/export data and support for third-party add-ons can make a big difference in your trading workflow.
Community and Support:
A good community can be a valuable resource for troubleshooting, strategy sharing and continuous learning. Also evaluate the quality and availability of customer support as timely help can be critical during trading hours.
Remember, it’s not just about finding a replacement for TradingView but a platform that will take your trading to the next level and align with your evolving needs as a trader. By considering these factors you’ll be more likely to find a solution that not only meets but exceeds your expectations and opens up new trading opportunities.
Deepak Choudhary is a solid two years of writing experience and crypto enthusiast. He writes about blockchain games, Telegram games, and tap-to-earn platform. Like his audience, he writes with clarity, simplicity, and lots of useful tips in his articles. He helps those unfamiliar with various aspects of crypto world in a very simple way. He also provides regular updates on the fast growing world of blockchain, with great articles covering current and expected trends and guides. His writings on crypto games as well as crypto earning apps on Telegram are quite useful and informative for people novice and experienced. His aim is to help more people explore and profit from Web3 ecosystem.
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