FAQ about TradingView
What makes TradingView different from other charting platforms?
TradingView distinguishes itself through its cloud-based architecture, which enables access from any device without software installation. The platform uniquely combines professional-grade charting tools with social networking features, allowing traders to share ideas and learn from others. Additionally, TradingView's Pine Script language empowers users to create custom indicators and strategies without advanced programming knowledge.
Is TradingView suitable for day trading?
Yes, TradingView is well-suited for day trading with features including real-time data (with paid subscriptions), multiple chart layouts, server-side alerts, and direct broker integration. The platform offers second-based intervals and tick charts that day traders require, along with volume analysis tools and custom indicators specifically designed for short-term trading strategies.
Can I use TradingView for free?
TradingView offers a free basic plan that includes essential charting capabilities, community access, and limited indicators. While this free version is sufficient for casual analysis and learning, active traders typically benefit from paid subscriptions that unlock features like multiple charts, more indicators, real-time data, and advanced alert capabilities.
How does TradingView compare to MetaTrader?
TradingView and MetaTrader serve different primary purposes. TradingView excels in chart analysis and community features with a user-friendly interface accessible from any device. MetaTrader specializes in trading execution and automated strategy deployment. Many traders use TradingView for analysis and MetaTrader for execution, though TradingView's growing broker integration list is narrowing this gap.
Can I code my own indicators on TradingView?
Yes, TradingView's proprietary Pine Script language allows users to create custom indicators and strategies. The language is designed to be accessible to non-programmers while still offering significant flexibility. Users can develop, test, and optionally share their custom tools with the community. Extensive documentation and examples help newcomers learn Pine Script programming.
Does TradingView work on mobile devices?
TradingView offers dedicated mobile applications for both iOS and Android platforms, providing most desktop functionality in a mobile-optimized interface. The apps support chart analysis, alerts, community interaction, and watchlists. For users who prefer not to install apps, TradingView's responsive website also works well on mobile browsers.
How accurate is TradingView data?
TradingView's data accuracy depends on the market and subscription level. Paid plans receive real-time data from major exchanges, while free plans may have delayed quotes for some markets. The platform partners with established data providers to ensure reliability, though users trading on specific exchanges should verify that TradingView's data matches their broker's for critical trading decisions.
Can TradingView be used for algorithmic trading?
While TradingView isn't primarily designed for algorithmic trading execution, it offers several features supporting algorithmic strategy development. Users can create and backtest strategies using Pine Script, set up alerts that trigger external systems via webhooks, and integrate with algorithmic trading platforms through the API. Some brokers also offer direct execution from TradingView charts.
How many charts can I have on TradingView?
The number of charts allowed depends on your subscription level. Free accounts can have one chart per layout, while paid subscriptions allow multiple charts simultaneously (2-8 for Pro, 4-12 for Pro+, and 8-25 for Premium). This multi-chart capability enables traders to monitor different timeframes or markets simultaneously for more comprehensive analysis.
Can I export data from TradingView charts?
Yes, TradingView allows data export in various formats depending on your subscription level. Users can export chart images for reports or publications, download historical price data for external analysis, and save chart layouts for future reference. Premium subscribers have access to more extensive data export options and higher-resolution chart images.