TradingView Review: Is It Best Charting Software in India?

Written By: Manish Sharma

Last Updated: December 27, 2023

Category : Investment, Stock Market
Tradingview Review

In my years of experience in the stock market, I’ve come to realize the importance of having the right tools. As the Indian Stock Market continues to grow rapidly, traders are constantly searching for platforms that can assist them in navigating this volatile landscape. This is where TradingView comes into play.

TradingView has gained popularity in recent years as a powerful tool that caters to both beginner and experienced traders. With its user-friendly interface and extensive range of features, there is much to appreciate about this platform. However, with the Pro version requiring a payment, many individuals are left questioning whether it is truly worth the investment.

In this article, I will be sharing my personal experience and insights into TradingView 2024, specifically focusing on whether upgrading to the Pro version is a valuable investment. There are several crucial factors that should be taken into consideration before making a decision, so let’s begin.

TradingView Review: A Brief Overview

TradingView has emerged as a go-to platform for traders worldwide, and it’s no surprise why. From its intuitive interface to the comprehensive tools, there’s a lot to like about this software.

TradingView: Is it Worthwhile Investment in 2024?

With an ever-increasing number of trading platforms available in the market, it’s natural to question if upgrading to Tradingview is worth the investment. The answer lies largely in your trading needs and goals. For active traders who need real-time data and advanced charting capabilities, TradingView Pro offers substantial value that can far outweigh the cost.

Key Features of TradingView

What sets TradingView apart? Let’s dive into some key features:

  • Powerful Charting Tools – With over 50+ different types of charts including Renko, Kagi, Line Break Charts etc., you’ve got a wide array at your disposal.
  • Real-Time Market Data – No more waiting around! Get updated market information as soon as it happens.
  • Advanced Price Scaling – This feature lets you scale asset prices on any axis you want, making analysis easier than ever before.

These are just a few examples of what makes this platform so appealing to pro-level traders.

Cost-Benefit Ratio of TradingView

When considering whether or not to invest in TradingView, remember that value can’t always be measured monetarily. Time saved from efficient use of resources and potential profits from accurate trade decisions should also factor into your decision-making process. Here’s a quick breakdown:

CostBenefit
Monthly Subscription FeeAccess to Real-Time Market Data
Investment in Learning Platform UsageTime Saved on Trade Analysis

While the costs are clear-cut (subscription fees and time spent learning), benefits like real-time data and improved trading efficiency can easily outweigh them, especially for active traders.

Keep in mind that this isn’t a one-size-fits-all situation. What’s valuable to one trader might not hold the same weight for another. It all boils down to your individual needs and trading style. So take a step back, look at your trading goals and habits, and determine if TradingView is the right fit for you!

Key Features of TradingView

TradingView Pro is a favorite among traders worldwide, and it’s no surprise why. With its advanced charting tools, custom alerts, extended trading hours, and enhanced screener functionality, this platform is packed with features that can give you an edge in the Indian Stock Market.

Advanced Charting Tools in TradingView

The first thing I’d like to highlight about TradingView is its advanced charting capabilities. These aren’t just your average run-of-the-mill charts; they’re fully customizable and come with more than 100 pre-built studies for detailed market analysis. You’ve got options like Moving Averages, Bollinger Bands, MACD Histograms – you name it! Plus, it’s easy to use – just drag and drop whatever elements you need onto your charts.

Moreover, one feature I particularly love is the ability to compare different stocks on the same graph. This can be quite handy when deciding which stock to invest in or when trying to identify correlations between different financial instruments.

Pro Plan Perks: Custom Alerts and Extended Hours on TradingView

Let’s move on to some perks exclusive to the Pro plan – custom alerts and extended hours trading data. With custom alerts, you’ll never miss a potential investment opportunity again. Just set an alert for any condition you want – say a particular price level or indicator value – and get notified instantly when that condition is met.

But there’s more! The Pro plan also offers extended hours trading data covering pre-market and after-hours sessions. This means you’ll always have access to the latest price information even outside regular market hours which could be crucial for making informed trading decisions.

Enhanced Screener Functionality of TradingView Pro

Finally let me tell about one of my personal favorites–the enhanced screener functionality provided by TradingView Pro. It allows users not only screen stocks based on predefined categories like Top Gainers, Most Volatile, Overbought etc., but also create their own custom screeners to fit their unique trading style.

For example, if you’re interested in high-dividend stocks with low P/E ratios in the Indian market, you can set up a screener specifically for that. It’ll scan through thousands of stocks in real time and present you only with those meeting your specific criteria. Now isn’t that something?

In short, TradingView Pro is more than just a charting platform; it’s an all-in-one tool designed to help traders make well-informed decisions. And while it does come at a cost, considering the features and benefits it offers I’d say it’s definitely worth considering!

TradingView Review – Pricing and Plans for 2024

Let’s dive into the world of TradingView Pro, a platform that’s become a go-to for traders in India and across the globe. I’ll walk you through its pricing for 2024, the different plans available, and if there are any special offers or discounts up for grabs.

TradingView Pricing for 2024

TradingView has always been known for its affordable subscription plans. In 2024, they’re keeping this reputation intact with competitive pricing that caters to every type of trader out there. Here’s a breakdown:

  • The Essential Plan is priced at ₹ 1,295/month or ₹ 11,940/year.
  • The Plus Plan goes for 2,495/month or ₹ 23,940 /year.
  • The Premium Plan goes for ₹ 4,995/month or ₹ 47,940 /year.
  • For those looking to get all features unlocked, it’s worth considering the Essential Plan, which costs ₹ 1,295/month or ₹ 11,940/year.

Remember, these prices are subject to change based on exchange rates as we’re talking about an Indian platform here.

Differentiating Between Various TradingView Plans

Each plan offered by TradingView comes with its own perks and limitations:

  1. Essential Plan: Ideal for beginners who need access to multiple charts per layout (up to 2), custom time intervals, and one device use at a time.
  2. Plus Plan: It’s perfect if you’re getting more serious about trading – it allows four charts per layout instead of two and two devices simultaneously.
  3. Premium Plan: This is where all stops are pulled! You get unlimited everything – charts per layout (8), alerts (400), priority customer support – basically anything a professional trader could ask for!

Special Offers and Discounts in TradingView Subscription

Tradingview isn’t shy about offering discounts either! They usually have some form of promotion going on during holidays like Black Friday or when they release a new feature. It’s common to see discounts of up to 50% during these periods.

Also, you can get a significant discount if you choose yearly billing over monthly – it’s like getting several months for free!

And there you have it – an overview of TradingView pricing and what each plan has to offer. Remember, investing in tools like these can be just as important as the investments you make in the market itself. So take your time, assess your needs and budget before making a decision.

Ease of Use: The TradingView User Experience

An essential part of any trading platform is its user interface, and TradingView doesn’t disappoint. Let’s delve into the aspects that make it a breeze to use.

TradingView Interface

The moment I logged into TradingView, I was welcomed by a clean and intuitive interface. It’s clear they’ve designed their dashboard with both beginners and seasoned traders in mind. The charting tools are located conveniently on the left-hand side, making it easy for me to plot trends and identify patterns. On top of this, there’s an option to customize my workspace layout according to my preference – a feature I found particularly handy when juggling multiple charts at once.

Efficiency of Navigating Through TradingView

Upgrading to the Premium version took my experience up a notch. Now don’t get me wrong, navigation in the free version wasn’t any less impressive but Premium had few extra perks like more indicators per chart, custom time intervals etc., which made moving through different features smoother than ever before. What really stood out for me is its ‘Hide All Drawing Tools’ feature – one click and boom! My screen’s all decluttered allowing me to focus solely on price action.

In-depth Analysis on TradingView’s User-Friendly Features

Now let’s put some light on few amazing user-friendly features:

  • Alerts: With Pro subscription you can set as many alerts as you want which saves tons of time tracking specific events.
  • Screen Splitting: This allows viewing multiple charts simultaneously – A real game changer for those who love multi-tasking.
  • Toolbar Customization: Arrange your most frequently used tools in toolbar as you please – talk about convenience!

From my interaction with the platform so far, it seems like everything has been thoughtfully placed where it should be. Sure, there might be a learning curve (as with any new platform), but once you get the hang of it, navigating TradingView feels like a walk in the park.

Customer Support in TradingView Premium

When it comes to having a seamless trading experience, the quality of customer support plays a crucial role. I’ve found that with TradingView Pro, there’s an impressive focus on this aspect.

Assessing Customer Support Quality in TradingView

As any seasoned trader will tell you, reliable customer support is worth its weight in gold. With TradingView Premium, I’ve encountered consistent and dependable assistance. Their team comprises knowledgeable individuals who’ve been able to answer my queries and solve issues promptly. They offer numerous channels for communication including email, live chat, and phone calls.

TradingView also has an extensive FAQ section that addresses common concerns users might have about their platform or trading in general. It’s comprehensive and easy to navigate – something I appreciate when I need quick answers.

Response Time of TradingView Premium’s Customer Service

We all know time is money, especially in trading where every second counts. That’s why quick response times are essential from a customer service team. Here again, TradingView Pro excels.

In my experience with them so far, they’ve responded to emails within 24 hours – which is quite commendable considering the volume of requests they must be getting daily! The live chat feature is even faster with almost instantaneous responses during work hours.

How to Effectively Utilize TradingView’s Support for Premium Users

Now let’s talk about making the most out of this fantastic customer service system. As a pro user myself, here are some tips I can share:

  • Be specific about your issue: The more details you provide about your problem or question upfront, the more productive and quicker your interaction.
  • Use appropriate channels: Consider the urgency level of your query; use live chat for immediate issues while non-urgent matters can be addressed via email.
  • Leverage their resources: Don’t forget too quickly check their FAQ section before reaching out – often you’ll find your answers there.

TradingView Pro’s customer support is a vital part of their service, and they’ve done a commendable job. With prompt responses, knowledgeable staff, and multiple communication channels, they’ve created an environment that empowers users to trade confidently and effectively.

Performance and Reliability of TradingView in Market Analysis

TradingView has long been my go-to platform for market analysis. Its performance is nothing short of excellent, with a myriad of features that make analyzing markets a breeze.

Analyzing TradingView’s Performance in Market Analysis

When it comes to the sheer number and quality of technical indicators it provides, TradingView takes the cake. I’ve found more than 100 different indicators at my disposal. From simple moving averages to complex Fibonacci retracements, everything you’d need is there. It’s not just about quantity either – the accuracy and responsiveness of these tools are top-notch.

Here’s a sample list of some commonly used technical indicators:

  • Bollinger Bands
  • Relative Strength Index (RSI)
  • Moving Average Convergence Divergence (MACD)
  • Ichimoku Cloud
  • Volume Oscillator

The platform also boasts an interactive charting package that allows me to overlay multiple securities on one chart – a feature that’s been invaluable to my cross-market analysis.

Assessing the Consistency and Reliability of TradingView Pro

Consistency? Check! As a heavy user, I can say without hesitation that TradingView Pro delivers consistent value time after time. Staying ahead in trading requires real-time data, which this platform readily provides with minimal lag or downtime.

Reliability? Definitely! Over the years, I’ve seen improvements not just in their service offerings but also in their customer support – issues get resolved quickly and efficiently.

TradingView in 2024: Enhancements to Boost Market Analysis

Looking into 2024, let’s talk about enhancements we can expect from TradingView. They’re focusing on improving mobile app functionality so users like myself can analyze markets on-the-go without any hitches. Also noteworthy is their push towards AI-driven insights which will revolutionize how we interpret market data.

So folks, if you’re wondering whether TradingView is worth the investment, I’d say it’s a resounding YES! The platform’s performance and reliability in market analysis are unmatched – and with exciting enhancements coming up, now might be the perfect time to go Pro.

Comparing TradingView with Other Charting Software Platforms

Drawing Comparisons: TradingView vs Other Charting Software Platforms

When we dive into the world of charting platforms, it’s easy to get overwhelmed. There are many options out there, each vying for your attention with their unique offerings. TradingView, MetaTrader 4 (MT4), and NinjaTrader are among the most popular contenders in this space. If you’re wondering how they stack up against each other, I’ve got you covered.

TradingView excels in its ease of use and accessibility. You can access it from any device that has an internet connection – no downloads necessary! MT4 and NinjaTrader require software installation which might be a drawback if you frequently switch devices or prefer a browser-based platform.

In terms of technical analysis tools, all three platforms offer an impressive array but TradingView takes the lead with over 100 indicators available! Meanwhile, MT4 offers around 30 standard indicators while NinjaTrader provides around 80.

PlatformAccessibilityTechnical Tools
TradingViewBrowser-based; No download neededMore than 100
MT4Requires software installationAround 30
NinjaTraderRequires software installationAround 80

Distinguishing Features: What Makes TradingView Stand Out?

Now let’s dig deeper into what sets TradingView apart from its competitors:

  • Social networking: Uniquely, TradingView incorporates elements of social networking by allowing users to share charts and ideas within their community. This feature isn’t found on traditional trading platforms like MT4 or NinjaTrader.
  • Alerts system: With Tradingview’s robust alerts system, you can set up custom alerts on any indicator – even on multiple instruments at once!
  • Extensive market coverage: Unlike many other platforms focused mainly on Forex markets, Tradingview covers a broad range of markets including stocks, futures, indexes, and cryptocurrencies. For an Indian investor interested in local markets, this is a significant advantage.

Evaluating the UX/UI Differences in Charting Software

User experience can be a deal-breaker when choosing a trading platform. Here’s how our three contenders fare:

TradingView’s interface is slick and modern with an intuitive layout that new users will find easy to navigate. It also offers customizability allowing you to personalize your charting workspace.

On the other hand, MT4 has quite a dated look and feel. However, it makes up for this with its rich functionality. NinjaTrader provides a balance between appearance and functionality – while not as sleek as Tradingview or as feature-rich as MT4, it satisfies on both fronts to some extent.

In conclusion, each of these platforms brings something unique to the table but TradingView seems to offer the most rounded package especially for traders who value ease-of-use and social networking features alongside robust technical tools.

Conclusion: Is TradingView Premium Worth It?

Pondering over my time spent with TradingView Pro, it’s clear that the platform has its benefits and drawbacks. Let’s break them down:

  • Benefits: One of the key advantages is access to real-time data from Indian Stock Market, which can be a game changer for active traders. The advanced charting tools provide an edge in technical analysis, making it easier to spot trends and make informed decisions.
  • Drawbacks: On the flip side, the cost of a Premium subscription might seem steep to some users, especially if you’re just starting out or trading casually.

Here’s a simple comparison table:

BenefitsDrawbacks
Real-time dataHigh Cost
Advanced charting tools

So, is TradingView Premium worth it?

I believe that depends on your individual needs as a trader. If you’re involved in frequent day trading where every second counts, then yes – the real-time data and advanced charting can help improve your performance.

But if you’re more of a casual investor who trades infrequently or relies primarily on fundamentals rather than technicals for decision-making, then I’d suggest thinking twice before shelling out for a subscription.

In conclusion, there isn’t a one-size-fits-all answer here. It all boils down to what suits your trading style and financial goals best.

Tradingview Review: Is It Best Charting Software In India?

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About the Author

I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

Manish Sharma

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