TradingView is a powerful charting tool renowned for its user-friendly interface and high customizability. With over 55 million traders worldwide, it has become a favorite among trading enthusiasts.
In fast-moving markets where prices can fluctuate within milliseconds, the ability to quickly analyze charts significantly impacts trading outcomes. TradingView allows users to customize charts and alerts based on their trading style, making it a versatile tool for seizing trading opportunities.
However, note that TradingView alone doesn’t support direct trading—it requires integration with brokers like OANDA. This article explores TradingView’s features, free vs. paid versions, and how to trade using the platform.
1. What is TradingView?
Developed by U.S.-based TradingView Inc., TradingView is a premium charting tool offering:
- 100+ technical indicators and intuitive drawing tools.
- Support for forex, CFDs, stocks, and cryptocurrencies in a unified interface.
- Browser-based accessibility (no software installation needed).
Its cross-market analysis capabilities and platform-agnostic design make it ideal for traders across devices and operating systems.
2. 7 Key Features of TradingView
TradingView boasts over 70 functionalities, categorized into seven standout features:
【Feature 1】Multi-Asset Charting
Compare forex, stocks, and crypto charts side-by-side for cross-market insights.
【Feature 2】100,000+ Technical Indicators
Access a vast library of community-shared indicators via the "Public Scripts" feature.
👉 Explore TradingView’s top-rated indicators
【Feature 3】Custom Indicator Creation
Use Pine Script to design proprietary indicators and backtest strategies.
【Feature 4】Fully Customizable Interface
Save templates for different assets or market conditions with 100+ tools and 17 chart types.
【Feature 5】Advanced Alerts
Set 13+ alert conditions (price, indicators, etc.) delivered via email or push notifications.
【Feature 6】Social Trading
Discuss strategies in "Public Chat" and learn from professional traders.
【Feature 7】Market Replay
Simulate past market conditions to practice analysis without hindsight bias.
3. Free vs. Paid Versions: Key Differences
| Feature | Free (Basic) | Paid (Essential→Premium) |
|---|---|---|
| Charts/Tab | 1 | 2–8 |
| Indicators/Chart | 3 | 5–25 |
| Ads | Visible | Hidden |
| Alerts | Limited | Advanced |
Upgrading unlocks:
- Multi-chart analysis.
- Stock screeners.
- Exportable data (Plus plan).
- Dedicated server backup.
Pricing: Starts at $12.95/month (Essential).
👉 Compare all plans
4. TradingView vs. MetaTrader: A Comparison
| Aspect | TradingView | MetaTrader (MT5) |
|---|---|---|
| Interface | Modern, web-based | Traditional desktop app |
| Trading | Requires broker integration | Built-in execution |
| Automation | Pine Script (simple) | MQL5 (advanced) |
| Community | Active social features | Limited |
Pros of TradingView:
- Better visualization.
- Multi-asset support.
- Cloud accessibility.
Cons:
- No native trading.
- Slower order execution.
5. How to Use TradingView for Trading
- Open accounts with TradingView and a supported broker (e.g., OANDA).
- Link accounts to enable trading directly on charts.
Steps to link OANDA:
- Navigate to TradingView’s "Brokerage Profile".
- Select OANDA and authenticate.
FAQ Section
Q1: Can I use TradingView for free indefinitely?
A: Yes, but with limited indicators/charts. Paid plans remove restrictions.
Q2: Is TradingView suitable for beginners?
A: Absolutely! Its intuitive design and social features ease the learning curve.
Q3: How reliable are TradingView’s alerts?
A: Alerts are real-time but depend on your internet stability.
Final Thoughts
TradingView excels in visual analysis, customization, and cross-market tools. While the free version suffices for basics, serious traders benefit from paid upgrades. Pair it with OANDA for seamless chart-to-trade execution.
Ready to elevate your trading?
👉 Start with TradingView today
Pro Tip: OANDA’s Prop Trading Program offers funded accounts up to $500K—learn more here.