TradingView: Go-to trading data platform for Windows
TradingView is a free trading data platform for your Windows desktop that lets you view the latest finance markets on single or multiple screens. It runs on the Pine Script programming language, created by the same owners of this app. Developers can use both to create their own trading tools to develop more powerful market indicators.
The platform has a stunning visual display with various colours for bars and indicators. It provides core tabs on your browser so you don’t lose them while browsing other sites. Similar programs are MetaTrader 5 Trading Platform and Binance
Many traders use platforms like TradingView to watch how the financial markets rise and fall. You can use indicators and other tools to see what the trending patterns are, helping you make a decision on whether you should sell or buy any stock. It also lets you compare markets so you can see where the best investment would be.
View the financial markets
There are plenty of charts and bars to view, and you can enable standard or dark mode to make it easier on your eyes. You can trade directly on the platform when you’re ready, and there’s a detailed order analysis for you to evaluate your sales and purchases. The only issue is that the free version has limited charts and indicators.
Pine Script editor
If you’re a developer that works with codes, you can create your own indicators with the built-in Pine Script editor. It integrates with TradingView in real-time, and you can share your inventions with other traders. It’s an excellent way to develop your own strategies toward better returns and signals.
Various screeners
When you look at the bottom tab, you’ll see TradeView gives you access to its various screeners, such as Stock, Forex and Crypto. These pages give you a holistic view of all markets for those industries so you can see where would be the best place to trade.
Technical analysis
Identifying candlestick patterns, a critical aspect of technical analysis, is made simpler with TradingView's intuitive interface. The platform allows for multi-timeframe analysis, enabling traders to view and analyze market data across various time horizons, providing a comprehensive overview of market trends.
Auto Chart Patterns
The Auto Chart Patterns feature is particularly noteworthy, as it automates the recognition of common trading patterns, saving time and enhancing the accuracy of technical analysis. Additionally, the Bar Replay function is a unique tool that allows traders to step back in time to review historical pricing data. This feature is invaluable for analyzing market behavior in different scenarios, allowing for adjustments in strategy with the benefit of hindsight.
Historical data replay
TradingView provides access to fundamental data from major stock exchanges. This includes over 100 fundamental fields and ratios, financial statements, and valuation analysis tools. The platform offers global coverage, allowing users to analyze markets and companies worldwide.
Efficient asset discovery
The platform simplifies asset discovery with intuitive scanning tools. Users can filter assets based on specific criteria, accessing information from over 70 stock exchanges worldwide. TradingView offers screeners for stocks, forex, crypto pairs, and coins, with over 100 filter fields and multiple timeframe options. This comprehensive approach makes it easier for traders to identify profitable companies or top-performing cryptocurrencies.
Is paying for TradingView worth it?
Purchasing a subscription to TradingView is often seen as a worthwhile investment for many traders. The platform's extensive capabilities, including customizable charts, access to real-time market data, and a vibrant community of traders, contribute to its perceived value. TradingView tailors its services to diverse trading requirements and financial capacities through a variety of subscription plans, making it a flexible choice for different users.
Can TradingView be trusted?
TradingView is widely recognized for its comprehensive array of features and tools that cater to the needs of traders and investors. These include real-time data, customizable charting options, a broad range of technical indicators, versatile drawing tools, and social trading functionalities. While the platform enjoys a positive reputation in the trading community, it's important to be aware of its limitations and the critiques it faces to make a fully informed decision.
Outstanding trading platform
TradinView is the ideal trading platform for beginners who aren’t ready to invest funds just yet. The free version will provide some basic indicators and charts, while you plan how you would buy and sell based on the signals.
When you’re ready to use real funds, you can trade on the platform and use any of the tools to your advantage. However, most of the advanced features are hidden behind one of the three payment plans.