/ TradingView Trading Platform Review

TradingView is a popular online platform for traders and investors to analyze financial markets using charts and fundamental data. The free version of TradingView is very user-friendly and offers near real-time data on major stocks and ETFs such as SPY and AAPL. You can also use it to chart all markets including stocks, ETFs, futures, cryptocurrencies, Forex and more, making it a versatile solution for all types of traders. 

TradingView also offers premium plans with additional features such as the ability to get real-time data, advanced indicators such as volume profile, and access to multiple charts in one window. 

Who is TradingView suitable for?

TradingView is best suited for those who trade stocks, futures, cryptocurrencies or Forex and want a single platform to chart all of these assets. Many other charting platforms charge for real-time data, but TradingView offers it for free wherever it can. This means that even if you don't pay for a TradingView plan, you can still use it to chart with near real-time data.

Technical Analysis Charting Overview

One of the best features of TradingView is the ability to chart all markets within one platform. Many brokerages offer charts, but they are usually only for one asset class. In addition, brokerage charting platforms are usually outdated and clunky platforms, while TradingView is designed for active traders who need advanced charting tools. Therefore, many traders place trades on a brokerage platform and use TradingView for charting. 

TradingView also allows you to create your own indicators and strategies using the proprietary Pine Script language. There are many TradingView indicators that you can use for free by default, as well as paid indicators such as the Volume Profile that you can use with a premium subscription. 

Using TradingView Scriners

Another great feature that TradingView offers is screencers for stocks, cryptocurrencies and Forex. TradingView Screener 2.0 is the most advanced of these, and it's free to use; you just need to sign up for a free TradingView account. You can customize these screeners according to your preferences, allowing you to find trading opportunities with ease.

For example, if you are an investor, you can search for stocks based on fundamental data such as P/E ratios and EPS. Active traders can also search for high volatility stocks based on percentage of change and volume. With TradingView's screeners, you can find endless ideas to suit both active and long-term traders. 

Setting up alerts

TradingView allows you to set alerts for both price and technical indicators. For example, you can set alerts when an asset moves above or below a certain price, allowing you to monitor your positions even if you are not following the charts. You can also set alerts based on indicators, which is especially useful for indicators that give buy and sell signals, such as moving average crossovers.

Backtesting on TradingView

TradingView allows you to backtest strategies using the bar replay feature. The bar replay feature is only available in the paid version, which allows you to test trades directly on a live chart. You can use some of the strategies created by the community as well as create your own. 

Economic Calendar

TradingView has an economic calendar that you can view right next to the chart while trading, which is very convenient for not missing important market news such as Fed statements and economic data releases. You can filter the news by country, allowing you to select the news that is most important to you. Another feature is that you can select a high importance filter so that only significant news will be displayed in the calendar. 

Conclusion

TradingView offers a wide range of tools and charts, an active community of traders, and flexible pricing options. It is definitely worth considering if you are looking for a trading analysis platform. The free version of the platform is great for many investors and allows you to view most assets with near real-time data for free. If you are actively trading and need advanced indicators, more charts on the layout and real-time data, you should consider upgrading to a paid plan.