Charting

TradingView Review: Best Charting Platform?

Item: TradingView
Author: CodeForFinance

TradingView is the most popular charting and social trading platform in the world. It offers advanced charting tools, a proprietary scripting language (Pine Script), real-time data for most major markets, and a community of millions of traders sharing ideas. For developers, the key features are Pine Script for custom indicators and strategies, plus webhook alerts for automated trading.

Pricing

BasicFree

✓ 1 chart layout
✓ 3 indicators/chart
✓ Limited alerts
✓ Community scripts

Plus$14.95/month

✓ 2 chart layouts
✓ 5 indicators/chart
✓ 20 alerts
✓ No ads

Premium$29.95/month

✓ 4 chart layouts
✓ 10 indicators/chart
✓ 100 alerts
✓ 1-second data

Expert$59.95/month

✓ 8 chart layouts
✓ 25 indicators/chart
✓ 400 alerts
✓ 4x faster data

Pros

+ Best-in-class charting interface
+ Pine Script is beginner-friendly for strategy development
+ Massive community and script library
+ Webhook alerts for automated trading
+ Covers stocks, crypto, forex, futures

Cons

- Pine Script is limited compared to Python
- Cannot run external code or ML models
- Data accuracy can vary for some exchanges
- No direct API for pulling data into Python
- Social features can be distracting

Who Is It For?

TradingView is ideal for visual traders who want to develop and test strategies without writing complex Python code. Pine Script is perfect for prototyping. Serious quants will eventually need to move to Python for advanced analytics, but TradingView is the best starting point.

Code Example

// Pine Script v5 - RSI Strategy with Moving Average Filter
//@version=5
strategy("RSI + MA Strategy", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=10)

// Inputs
rsi_length = input.int(14, "RSI Period")
ma_length = input.int(50, "MA Period")
overbought = input.int(70, "Overbought Level")
oversold = input.int(30, "Oversold Level")

// Calculations
rsi = ta.rsi(close, rsi_length)
ma = ta.sma(close, ma_length)

// Entry conditions
long_condition = ta.crossover(rsi, oversold) and close > ma
short_condition = ta.crossunder(rsi, overbought) and close < ma

// Execute trades
if long_condition
    strategy.entry("Long", strategy.long)
if short_condition
    strategy.entry("Short", strategy.short)

// Plot
plot(ma, color=color.yellow, linewidth=2)
bgcolor(rsi > overbought ? color.new(color.red, 90) : rsi < oversold ? color.new(color.green, 90) : na)

Alternatives

ThinkorswimMetaTrader 5Sierra Chart