Is TradingView the best chart? (2024)

Is TradingView the best chart?

TradingView Review Summary

Is TradingView the best charting platform?

The Verdict: TradingView Pro+ Takes the Lead

The Bottom Line: Yes, TradingView Pro is worth it (though I recommend you use TradingView Pro+, more on that later). TradingView emerges as the top charting platform in 2024, excelling in features, speed, ease-of-use, coverage, reliability, and affordability.

Is there something better than TradingView?

Other important factors to consider when researching alternatives to TradingView include features and price. We have compiled a list of solutions that reviewers voted as the best overall alternatives and competitors to TradingView, including eToro, MetaTrader 5, Binance Broker, and E*Trade Web Platform.

Do professional traders use TradingView?

Professional traders visit forums like TradingView. They use these online spaces to talk about trading strategies, share ideas, and learn from others. On these platforms, traders of all levels, including experts, come together to chat and learn.

What chart do most traders use?

Candlestick charts are perhaps the most widely used among active traders. In some ways, candlestick charts blend the benefits of line and bar charts as they convey both time and impact value. Each candlestick represents a specific timeframe and displays opening, closing, high, and low prices.

Who is the competitor of TradingView?

Find reviews for TradingView left by Datarade users, and compare TradingView's data products and performance to the most popular competitors and alternatives. Exchange Data International, InfoTrie, Cbonds, and Intrinio are the top competitors and alternatives to TradingView.

Should I use thinkorswim or TradingView?

TradingView is better for crypto trading. It has specific tools for crypto like Renko charts, crypto screener, and charting for thousands of crypto pairs. Thinkorswim mainly focuses on stocks, options and futures.

Why is TradingView so popular?

As you've learnt, traders choose TradingView for its powerful charting capabilities, vast array of analysis tools, and the ability to connect with a vibrant trading community. It provides them with the necessary resources and insights to make informed trading decisions.

Why does everyone use TradingView?

TradingView has become one of the most popular charting and technical analysis platforms for traders. With over 30 million monthly active users, TradingView offers a robust set of free features including interactive charts, technical indicators, alerts, community chat rooms, and more.

What are the disadvantages of TradingView?

You'll Need To Have 2 Platforms At All Times

TradingView by itself isn't a trading platform through which you can place trades. While it is true that TradingView associated with some brokers like Oanda and FXCM, in most cases you won't be able to enter your trades from the charting platform itself.

Is MetaTrader better than TradingView?

MetaTrader also has a social component, but it is not as robust as TradingView's. In terms of order execution, both platforms offer fast and reliable trade execution. However, some traders may prefer MetaTrader's one-click trading feature, which allows them to quickly enter and exit trades with just a single click.

Which trading platform is best for charts?

Best Stock Chart Apps
RankStock Charting SoftwareBest for
1.TradingViewThe Best Stock Charts App Overall
2.TradeStationThe Best Broker with Free Trading Charts and Tools
3.TrendSpiderThe Best Stock Charting Software for Automation
4.StockChartsThe Best Stock Charts for Long-Term Traders
6 more rows
Jan 22, 2024

What is the 15 minute rule in day trading?

Here is how. Let the index/stock trade for the first fifteen minutes and then use the high and low of this “fifteen minute range” as support and resistance levels. A buy signal is given when price exceeds the high of the 15 minute range after an up gap.

What is the most accurate chart pattern to trade?

Head and Shoulders Pattern: The head and shoulders pattern is considered one of the most reliable chart patterns and is used to identify possible trend reversals.

What timeframe is best for day trading?

Day traders use mainly middle time frames, the most optimal of which is 1 hour. Day traders take less risk than scalpers, and they never roll overnight.

Which country owns TradingView?

TradingView was founded in 2011 by Konstantin Ivanov (CTO), Denis Globa (CEO) and Stan Bokov (COO). TradingView is headquartered in New York and has its European market headquarters in London.

Is TradingView better than NinjaTrader?

In conclusion, TradingView is user-friendly with no installation required, making it easy to start quickly. On the other hand, NinjaTrader provides an all-in-one solution for futures trading, requiring a bit more setup but offering a comprehensive and integrated trading environment.

Is TradingView best for beginners?

Yes, TradingView is a versatile platform that allows users to perform technical analysis and execute trading strategies. Traders can analyze charts, use various technical indicators, and develop custom strategies using TradingView's scripting language called Pine Script.

Why do traders use TradingView?

TradingView provides up-to-the-minute market data, ensuring traders can access the most current information, including price quotes, volume, and indicators. This real-time data empowers traders to respond promptly to market movements, maximizing their profit potential.

Is TradingView good for beginners?

Yes, TradingView can be a good platform for beginners interested in trading and technical analysis. It's a widely used web-based platform that offers a variety of features that can be helpful for those who are just starting out in the world of trading.

What are the top 3 indicators in TradingView?

Top 5 indicators and add-ons for TradingView
  • Liquidity Sentiment Profile (Auto-Anchored) Right off the bat, we bring you an add-on that combines several approaches that track both price and trade volume. ...
  • Range Detector. ...
  • Trendline Breakouts With Targets. ...
  • Market Structure BOS/CHOCH. ...
  • All Chart Patterns.

How many traders use TradingView?

We're TradingView, a charting platform and social network used by 60M+ traders and investors worldwide to spot opportunities across global markets.

Why is TradingView so slow?

Please note that the performance may depend on a variety of factors. Such as the amount of opened tabs in your browser or browsers on your computer, extensions (i.e. Adblock), which adds to the browser, how long a browser has worked without restarting, etc.

Can I trust TradingView?

TradingView is very popular and trustworthy. It is avaiable via your web browser, desktop app and mobile app. It offers a free product and a premium paid product.

Do I need a broker for TradingView?

The basic Tradingview plan does not support live trading. However, with a broker integration you can trade directly from your Tradingview charts. This allows you to analyze the markets using Tradingview's tools and then place your trades without having to switch between platforms.

References

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