This post will discuss the best TradingView alternatives. TradingView is a stock picker and screener for inexperienced and experienced active traders. For research reasons, you may use a variety of cloud-based charting tools. Users may collaborate with other online sellers and exchange resources.
This online trading analysis tool has a stock screener, an HTML5 chart viewer, a large knowledge base, and other useful features. This tool, however, has several restrictions, including the inability to be used offline and restricted deep backtesting. Here is a list of the finest TradingView alternatives that have been extensively reviewed.
What is TradingView?
TradingView, a popular online trading and investment platform, offers advanced charting tools, technical analysis, and real-time market data. It offers a straightforward user interface for monitoring financial markets, evaluating price fluctuations, and discussing trading ideas with other users. TradingView is a versatile tool for inexperienced and professional traders to make educated trading choices since it covers various financial assets such as stocks, cryptocurrencies, foreign exchange, and commodities.
Pros and cons:
Pros:
Tools for Advanced Charting: TradingView benefits traders who depend on technical analysis since it includes a diverse set of tools and indicators.
Actual data: The platform offers real-time and streaming market data for various financial instruments to help traders keep track of price fluctuations.
Friendly User Interface: TradingView’s interface is user-friendly and customizable for rookie and experienced traders.
Users may collaborate and learn by sharing trading thoughts, charts, and analysis with a large, lively community.
Access across platforms: Because it is accessible through mobile applications and computer browsers, traders may access their accounts from any location.
Paper Exchange: TradingView’s paper trading option allows users to practice trading without risking any real money.
Cons:
- TradingView offers a free version, but many more advanced features and price sources need a subscription, which may be too expensive for certain users.
Basic Information: TradingView is mostly concerned with technical analysis. As a result, access to key data such as financial statements and economic indicators would be limited.
Learning Spiral: With increasingly advanced features and charting tools, there may be a learning curve for novices.
More is required. Backtesting Capabilities: While it includes backtesting capabilities, some traders may find them less effective than those supplied by dedicated backtesting software.
TradingView depends on an internet connection; difficulties may develop if the network is down or otherwise affected.
Features:
- TradingView offers a comprehensive set of charting tools, including several chart types (candlestick, bar, line, and so on), drawing tools, and multiple technical indicators for in-depth technical analysis.
- Users may access real-time and streaming market data for various financial assets such as stocks, cryptocurrencies, foreign exchange, commodities, etc.
- The platform allows users to create workspaces tailored to their trading needs and includes various charts, watchlists, and data streams.
- Traders may interact with one another in an active community by swapping charts, trading ideas, and analysis. They may also mimic other traders and learn trading strategies from them.
Best Tradingview Alternatives
For 2023, below is a list of the best TradingView alternatives and TradingView rival websites.
1. Pionex:
Pionex is a TradingView alternative that has gained popularity in recent years owing to its many benefits for traders. Their program allows you to track the cryptocurrency market, functions as an exchange, and provides trading bots. They have partnered with firms like Circle, Binance, Coinfirm, and others to monitor up to 346 currencies. It’s one of the greatest trading tools for cryptocurrency lovers, and it’s accessible in both desktop and mobile versions. Pionex also offers several lessons to assist you in getting the most out of their platform, and they are continually working to increase the value they provide to its customers.
The sole cost of trading on the platform is a 0.05% charge on spot trades. They are a community-minded company that provides traders access to a wealth of information they may use to make their trades. Even if other companies provide in-depth trading views across several markets, Pionex is a great option for individuals who focus on cryptocurrency while managing analysis and live trading concurrently.
2. CryptoView:
CryptoView functions similarly to a seasoned cryptocurrency fund manager. Users may connect with all 15+ exchanges conveniently with this complete portfolio management and trading software. You can monitor your balances and trading history in one place with CryptoView and sync your portfolio and transaction history across all platforms.
CryptoView provides several tools for researching the cryptocurrency market. You may sync data from several exchanges using 75 indicators and graphing tools. It also has advanced features that will secure your money during risky times.
One benefit of maintaining your portfolio is that you can know where you are with a quick look. CryptoView, besides providing balance information from all related wallets, exchanges, and accounts, supports you in accomplishing this aim. Distribute this quick-access portfolio to your contacts, customers, and employees.
3. TabTrader:
TabTrader is a mobile trading platform for cryptocurrency exchange that is only accessible for mobile devices. It is designed for people with past trading expertise.
Regular traders will profit from it because by connecting their accounts to TabTrader, they can keep track of all their stocks and maintain a portfolio that shows the activity of all their connected accounts. TabTrader will also provide data analysis, stock performance, and price information. Because it is a mobile app, you may activate a lock to prevent unwanted users from accessing your trading app.
You may construct your pairings and exchanges, and most of the app’s functionalities are self-service. TabTrader is one of the most popular portfolio trackers for cryptocurrency trading because it is easy to set up and track accounts utilizing their services.
4. TrendSpider:
TrendSpider, the greatest chart analysis software, was created to help you make better-informed, more successful trading choices, whether you’re a novice or an experienced trader. You may expect a thorough understanding of the whole crypto market owing to data from over 150 cryptocurrency exchanges and 6500 transaction pairs.
In addition, TrendSpider enables you to produce amazing charts, automate past manual technical analysis, and do instant backtesting using the data at hand.
Surprisingly, compared to TradingView, which formerly cost thousands of dollars, these features are offered at a much lower cost and with a greater uptime.
5. GoCharting:
GoCharting, as the name implies, is a trading application that mainly focuses on creating advanced real-time charts. It is one of the few platforms that provides extensive cryptocurrency coverage, monitoring over 100 cryptocurrencies and 20,000 cryptocurrency pairings.
To suit one’s trading needs, the GoCharting application can create various charts, including imbalance charts, session, composite, and fixed volume profiles, all in real time. While tick-by-tick performance charting is GoCharting’s primary emphasis, they also provide over 150 indicators and drawing tools to enhance the usage of charts in GoCharting.
GoCharting also automatically generates price ladders, DOM charts, market and volume profile charts, and other sorts of analysis. Because it uses the open-source Golang and its special charting features, a user may make any graph from the data, including but not limited to spline, line, and area graphs. This binary tool may be used with any environment or library.)
In contrast to the free membership, GoCharting offers Silver and Gold memberships with additional features such as more graphs. These are high-resource initiatives; income is necessary to keep the service running.
6. Coinigy
Coinigy also offers a variety of indicators, chart creators, and real-time price updates. For monitoring, this data may be filtered down to a specified period. Indicators may also be created by the user and stored on the platform for later use, albeit Coinigy places restrictions on sharing such indicators.
Through an application programming interface (API), users may link their trading accounts to Coinigy. Instead of needing users to navigate between several sites to support trading, it offers a consolidated trading and investment planning solution.
Coinigy’s primary features are the ArbMatrix app and the Newswire website, which delivers cryptocurrency news and updates. ArbMatrix presents a grid-like depiction of several traders’ exchanges to offer traders the best arbitrage opportunities. Customers who buy Coinigy’s Pro version may extend this access for as long as they choose. New users obtain free accounts that give them access to the offered indicators and charts for 30 days. A year’s membership costs less than a single month.
7. Tradelize:
The three programs comprising the Tradelize bundle are Traders’ Network, Tradelize Terminal, and Tradelize Mobile App. The Tradelize Traders’ Network is more of a social networking platform than a cryptocurrency trading platform. It brings traders together to discuss trading methods with both beginners and specialists. A trader’s profile will be monitored regularly to provide a grade that represents the efficacy of his trading strategy.
This is performed by adding an API key to a trader’s account that connects it to the Tradelize Traders’ Network. Amateurs’ capacity to study and learn from pros’ trading tactics will benefit everyone on the network. In many aspects, it is similar to LinkedIn, except for trading.
Tradelize Crypto Terminal, like many of the terminals described below, supports trading from various well-known cryptocurrency exchanges and trading pairs. Using Tradelize Crypto Terminal, traders may swiftly determine whether to perform trades in derivative and futures markets or on the spot.
Conclusion:
To summarize, TradingView is a reliable and simple online trading and investment platform. It includes, in addition to a wealth of features for technical analysis and decision-making:
- Cutting-edge charting tools.
- Real-time market data.
- A vibrant community for idea sharing.
- She advanced charting capabilities.
Although its price and emphasis on technical analysis may appeal to only a subset of traders, it is a valuable tool for individuals looking to understand better and analyze financial markets, thanks to its customizable interface, integrated brokerage options, and extensive library of indicators and tools.
FAQs:
Is it free to use TradingView?
TradingView offers a free version with the most basic functionality and a premium edition with more complicated features like supplementary indicators, data sources, and alert settings.
Which financial markets is TradingView able to track?
TradingView offers various financial assets, including stocks, cryptocurrencies, foreign exchange, commodities, indexes, etc.
Is TradingView a direct trading platform?
If TradingView is linked to your brokerage account, you may execute trades directly from the platform.
What trading-view.com technical indicators are offered?
Moving averages, RSI, MACD, Bollinger Bands, and other technical indicators are among those offered by TradingView.
