TradingView has long been a go-to platform for traders and investors seeking powerful charting tools and analysis capabilities. However, as with any popular site, users always look for the best alternative for their needs or budget. This article will explore some of the top TradingView alternatives, catering to various user preferences and requirements.
TradingView Alternatives: A Closer Look at the Competition
1. Webull
● Advantages: Free real-time data, user-friendly mobile app
● Drawback: Limited advanced charting features compared to TradingView
2. Quantower
● Advantages: Highly customizable, supports custom technical indicators
● Drawback: Desktop-only application, may have a learning curve
3. ZenScans
● Advantages: Highly customizable, powerful scanning capabilities
● Drawback: Less user-friendly interface, may require time to master analytics
4. TC2000
● Advantages: Superior scanning capabilities, robust charting tools
● Drawback: Higher price point than TradingView for comparable features
5. StockCharts
● Advantages: Advanced stock scanner, long-standing reputation
● Drawback: Charting capabilities may not be as advanced as TradingView
6. TrendSpider
● Advantages: Slightly cheaper than TradingView, includes market data in the price
● Drawback: May have fewer community-created indicators
1. Think or Swim (TOS)
● Advantages: Free for TD Ameritrade customers, powerful platform
● Drawback: Steeper learning curve, may be overwhelming for beginners
7. Moomoo
● Advantages: More accurate real-time quotes, effective for charting
● Drawback: May lack some advanced features of TradingView
8. NinjaTrader
● Advantages: Comprehensive trading platform, supports automated trading, efficient backtesting
● Drawback: May feel dated compared to TradingView’s modern interface
9. MotiveWave
● Advantages: Extremely feature-rich technical analysis tools, highly configurable
● Drawbacks: Steeper learning curve, higher price point
10. SierraChart
● Advantages: Cheaper than TradingView, comprehensive features
● Drawback: Less intuitive interface, may require more technical knowledge
11. GoCharting
● Advantages: Adequate pricing policy, lots of features with free access
● Drawback: Low speed, relative to competitors
Each of these alternatives offers unique features that may appeal to different types of traders. For instance, one user highlights the power of MotiveWave:
«Try MotiveWave. It’s a feature-packed powerhouse that lets you configure nearly everything, way more than TV, although it can’t compete with TV in terms of UI.»
However, it’s worth noting that TradingView still holds some unique advantages, particularly in terms of its Pine Script capabilities and user-friendly interface. As one user points out:
«TV is great because of Pine Script. I coded all I wanted in three months without previous experience. I have developed scanners that one cannot get from any software package out there.»
TakeProfit: A Rising Star in Community-Driven Trading Platforms
TakeProfit.com is a relatively new entrant in the trading platform space, but it’s quickly gaining attention for its innovative approach. Launched with the aim of combining advanced trading tools with a strong community focus, TakeProfit offers a fresh alternative to established platforms like TradingView. Its emphasis on collaboration and cutting-edge technology makes it an intriguing option for traders seeking a more interactive and modern trading experience. With a particular focus on user-generated trade ideas, the platform creates an engaging and collaborative environment for traders. The platform has all modern tools for technical and fundamental analysis, so you can always make your own research or test the hypotheses of the community.
Can TakeProfit Become the Best TradingView Alternative?
Let’s weigh the pros and cons.
● Advantages:
● Community-driven platform fostering collaboration.
● Advanced, low-latency WebGL-based charting.
● Flexible workspaces with drag-and-drop widgets.
● Custom cloud indicators using Python-based Indie language.
● Comprehensive stock screener with over 80 fundamental parameters.
● Single pricing plan at $20/month (with 50% annual discount).
● Suitable for both beginners and experienced traders.
● Drawbacks:
● Newer platform, may have a smaller community compared to TradingView.
● Limited track record compared to more established alternatives.
● TakeProfit.com stands out with its focus on community-driven features and advanced technical capabilities. As one user might say:
«TakeProfit offers a fresh take on trading platforms. Its combination of stunning charts, custom indicators, and community features make it a strong contender, especially for those who value collaboration in their trading strategy.»
The platform’s single pricing plan at $20/month (with a significant annual discount) could be attractive to users frustrated with TradingView’s tiered pricing structure. Additionally, its advanced charting technology and flexible workspace options address some of the concerns raised about TradingView’s recent limitations.
However, as with any newer platform, potential users should consider that TakeProfit may not yet have the extensive library of community-created content that TradingView has accumulated over the years.
Ultimately, the choice of platform will depend on individual needs, trading style, and budget. While Trading View has faced criticism for its recent changes, it remains a popular choice due to its balance of features, community, and accessibility. However, these alternatives demonstrate that there are viable options for those seeking different features or pricing structures.
Questions & Answers
Is TakeProfit suitable for Crypto Trading?
● Yes, it provides information on all popular cryptocurrencies.
Is There a Free Plan for Charting Platform?
● Yes, you can use the free version. Once you register, you will have access to all the drawing tools, technical analysis and fundamentals. If you are an advanced trader you can always switch to a paid subscription or try free trial.
Do you have the Forex Market or only Equity?
● At the moment, available asset classes: Equity, Crypto, and Funds. Forex, Futures, and other Financial Markets will be available soon. Stay tuned for updates.
Can I use multiple charts in the free plan?
● Yes, you can use multiple charts and indicators in the free plan.
What other applications or services does Takeprofit integrate with?
● Take profit integrated with Lime Trader broker
