TradingView vs. StockCharts – Which Platform Is Better?

About TradingView and StockCharts

TradingView was established in 2011 as a platform to bring terminal-style deal tools onto the overcast. The ship’s company built an promote graph software, which it now licenses to dozens of brokerage firms. In addition, TradingView has more than 30 million monthly users on its own site .

StockCharts is a much older platform, founded in 1999 by a early Microsoft developer who worked on the earliest versions of Windows. At the clock, StockCharts was one of the first advanced tools available to retail traders for online stock analysis. Despite its lead begin, StockCharts has been far surpassed by TradingView in terms of its user base – StockCharts sees around 2 million users each calendar month .

TradingView vs. StockCharts : chart Features

TradingView and StockCharts are designed first and foremost for chart, and they each do an excellent problem of helping traders analyze price data. Both platforms come pre-loaded with hundreds of technical indicators, note and draw tools, and multi-panel layouts. therefore, we ’ ll concentrate chiefly on the features that set these two graph platforms apart .

TradingView has several important features that you won ’ thymine discover in StockCharts. First, you can view price data in 1-, 5-, 15-, or 30-second intervals. With StockCharts, the shortest timeframe for price data is 1 moment. In accession, TradingView offers bar replay, so you can easily rewind a chart to see how a technical radiation pattern played out .

More significant, TradingView offers a code editor program that you can use to create your own custom technical indicators. While the indicators in StockCharts are highly customizable, there ’ s no way to create an indicator that doesn ’ t already exist in the software. TradingView besides lets you import indicators that early users have created, which makes the software much more flexible for trying out newfangled strategies .
Where StockCharts excels is in the range of its charts and how compromising they are. You can view not only common chart styles like candlestick and Heikin-Ashi, but besides Elder Impulse System bars, point and human body charts, and comparative operation charts for up to 12 symbols. There are besides RRG charts to visualize momentum and relative lastingness across multiple stocks and seasonality charts that explore how price trends change throughout the year. While not all of these graph styles are as utilitarian for intraday deal as 1-second charts might be, they can be identical useful for revealing patterns that candlestick charts miss .

TradingView vs. StockCharts : Stock Screener

Both TradingView and StockCharts besides offer comprehensive stock screen tools. You ’ ll have access to all the same technical foul indicators for screening as you do for graph, including any custom indicators you ’ ve created in TradingView. Both scanners are very easy to use, although TradingView ’ s user-interface is decidedly more modern .

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One major advantage that the StockCharts screener has is that you can open a code editor program to modify your scan and create complex coherent statements. While TradingView has a code editor for creating indicators, the software doesn ’ t let you directly edit the code for a stock scan .

What TradingView offers, though, is scan results that update in substantial time. TradingView results can update automatically every 10 seconds, which is helpful for day trade in quickly changing grocery store conditions. StockCharts requires you to manually re-run your scan to update the results.

TradingView vs. StockCharts : Trade Ideas

TradingView and StockCharts each allow you to interact with other traders on the chopine, although TradingView has a distinct advantage because of the size of its residential district .
On TradingView, you ’ ll find dozens of community-contributed indicators, trade ideas, and discussions submitted every day. In fact, the platform has ‘ Editor ’ randomness Choice ’ categories to help you find the best ideas out of the community .

On StockCharts, whole weeks can go by without a post in the community boards. however, users are able to share lists of charts and trade ideas just like in TradingView .

TradingView vs. StockCharts : trade

Another significant dispute between TradingView and StockCharts is in how they enable trading. TradingView integrates with brokerage accounts at Tradovate, AMP Globa, OANDA, Forex.com, and Gemini, while StockCharts merely integrates with Tradier. notably, TradingView has limited back for options trade, while StockCharts offers integrated options trading with Tradier .

TradingView vs. StockCharts : price Options

TradingView is reasonably pricier than StockCharts, specially as you move up in the two platforms ’ pricing ladders. Basic paid tiers at both services start at $ 14.95 per month. At TradingView, that includes five indicators per graph and two charts per window. At StockCharts, you get 20 indicators per graph and no limit on the phone number of charts you can have per window. however, you can alone run 1 custom riddle per month .
TradingView ’ s Pro+ tier costs $ 29.95 per month and the Premium tier costs $ 59.95 per calendar month. These increase the count of indicators and charts you can view at once, equally good as enable indicators on indicators .

At StockCharts, the Extra tier costs $ 24.95 per month and the Pro tier costs $ 39.95 per month. The Extra grade unlocks technical screens and price alerts, while the Pro tier offers price data going back to 1900 and more custom layouts .

TradingView vs. StockCharts : Which Platform is Better ?

For the majority of traders, we think TradingView is the better platform. TradingView and StockCharts both do an excellent job with any basic to intermediate graph tasks and both platforms are very user-friendly. however, TradingView offers key features like 1-second graph intervals and a handwriting editor program for building custom technical indicators. The size of the TradingView community is besides a plus since you have access to more ideas and more user-generated indicators to add to your charts .

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That said, there are some cases when StockCharts is the better choice. If you want historical data from before 1980, for exercise, you ’ ll indigence to use StockCharts. The platform ’ s unusual chart styles can besides be useful for long-run investors looking to develop outside the box deal ideas .

Alternatives to TradingView and StockCharts

While TradingView and StockCharts are both strong platforms, they can be expensive. If you ’ re on a nasty budget, it ’ randomness worth considering Thinkorswim. This charting platform offers many of the lapp chart tools as TradingView, including 1-second price intervals and a built-in code editor program. however, it ’ s completely rid with a TD Ameritrade brokerage account.

The major downside to Thinkorswim is that it has a much steeper learning curve than either TradingView or StockCharts. If you want to hit the crunch running a cursorily as possible, this release option could be more fuss than it ’ second worth .

termination

TradingView and StockCharts are two of the chancellor graph and psychoanalysis platforms available to traders today. While there ’ s a distribute to like about both platforms, we think TradingView is the better choice for most traders .
still looking to learn a bit more before making your final examination decision ? If so, check out our complete review of TradingView here and our complete review of StockCharts here. now get charting !