TradingView is a popular charting and analysis platform for traders and investors around the world. However, it's not the only platform of its kind. Thus, there are several alternatives available that offer different features and pricing options.
In this article, we'll take a look at some of them and what they have to offer to help you find the best TradingView alternative.
TradingView is a leading comprehensive charting platform with more than 30 million traders around the world using it.
The platform emphasizes technical analysis software–offering a range of charting tools and technical indicators–to accurately predict stock price movements and profit from them. For this reason, TradingView is most popular with day traders and swing traders.
Originally built for stocks and ETFs, TradingView is expanding its repertoire to include cryptocurrencies, commodities, and forex.
TradingView is widely considered to be the best charting platform of 2023 due to its speed, features, community, and reliability. But it’s not for everyone.
While TradingView is a great platform and shouldn’t be discredited, other platforms may cater better to your interests. Ultimately, the platform you choose should be individualized to your specific needs.
Here are a few alternatives we recommend taking a look at:
Finviz is a popular financial visualization platform that offers a range of tools and features for traders and investors.
It provides a wide range of charts, real-time news, and analysis tools that can help traders make better decisions. The platform is popular due to its intuitive user interface and customizable features, including a stock screener, heatmap, and portfolio tracking.
One of the most significant advantages of Finviz is its affordability.
It offers a free version that provides access to some of its features, including the stock screener, news, and charts. However, the paid version provides more advanced features, including real-time data, advanced charting tools, and custom alerts.
The subscription plans start at $24.96 per month–much cheaper than TradingView’s premium membership at $60 per month, though it may be worth it – making it an excellent choice for traders on a budget.
StockCharts is another popular TradingView alternative that offers a range of charting and analysis tools for traders and investors.
It provides various chart types, including candlestick, line, and bar charts. Additionally, StockCharts supports technical indicators and overlays.
The platform is popular for its extensive library of charting tools and customizable features, including custom indicators and overlays.
One of the unique features of StockCharts is its scanning tools, which allow traders to identify potential trading opportunities using specific criteria, such as price, volume, and technical indicators. The platform also offers a wide range of educational resources–webinars, articles, and tutorials–to help traders improve their skills.
StockCharts offers a free version that provides access to its charting and technical indicator features. The paid version, however, provides more advanced features, including real-time data, custom scans, and custom indicators.
The subscription plans start at $14.95 per month, making it an affordable option for traders.
Yahoo Finance is a financial news and analysis platform that is often left out of the conversation. But it provides a range of tools and features just like its competitors.
It provides real-time data on stocks, currencies, and other financial assets, as well as news and analysis from a range of sources. The platform also offers customizable watchlists and portfolio tracking tools.
One of the significant advantages of Yahoo Finance is its free pricing model, which provides access to all its features without any subscription fees. The platform also offers a range of educational resources, including articles and tutorials, to help traders improve their skills.
However, the platform's charting tools are relatively basic compared to other platforms and it lacks some of the advanced features available on TradingView.
It’s difficult to have a conversation about stock scanners without TrendSpider or Trade Ideas coming up–a feature that alone places Trade Ideas in the discussion as one of the top scanning tools on the market.
The platform uses artificial intelligence (AI) and machine learning algorithms to analyze real-time market data and news. It then generates alerts and trading ideas using your specified criteria and preferences.
Trade Ideas offers several products and services–including a desktop application; Trade Ideas Pro. This provides real-time market scanning, backtesting, and portfolio management tools.
Additionally, Trade Ideas offers a web platform; Trade Ideas A.I. This uses artificial intelligence to generate trade ideas and alerts using your criteria.
Trade Ideas is gaining popularity among active traders and investors due to its analytical capabilities. The platform is popular with individual traders, hedge funds, and other financial institutions to help them make better decisions.
Acknowledging that TradingView isn’t the best platform for you, it’s still extremely difficult to choose an alternative with all the options out there. It’s easy to lose the forest in the trees.
Hopefully, the four TradingView alternative options above will set you on the right path.