2021-3-16 19:37

TradingView is a web-based trading software that brings traders together using a unified app, created with the collaboration between developers and expert traders. Taking advantage of the advancements in web technology, TradingView now shows traders hundreds of global stocks, currencies as well as cryptocurrencies, accompanied with intelligent drawing tools that comprise of more than a hundred indicators for better calculating.

Here is our full TradingView review.

TradingView uses the proprietary Pine Script language, which allows traders to create their own indicators for their own use, or modify existing indicators to suit their needs. Members can upload their own script onto TradingView’s public script library for others to use.

While there are a few free features for the public, one can gain access to more features and data with a subscription for $14.95 to $59.95 a month, such as volume profile indicators and multiple enhanced watchlists. TradingView has a default paper trading system within its app, but a user can also link it to a brokerage account with several brokers, one of them being Tradestation.

That being said, although TradingView already has many features, there are still other trading software that can rival it. Here, we have listed some of the best alternatives to TradingView for your use in 2021.

TradingView Alternatives 2021 – Top 5 TrendSpider

TrendSpider is yet another trading analysis software developed back in 2016 to allow users to improve their plans and allow for consistent analysis by minimising trading errors. They have since evolved into a multinational company with over 4,000 users across the globe.

Founded in 2016, TrendSpider was meant to help ease the constant agonizing pain of planning a strategy to earn the most profits from stocks, especially due to how volatile stocks can be. It has a magnificent number of technical analysis tools that are fine-tuned to help traders search and plan their trades, with ease and accuracy.

Trendspider is more suitable for users who have basic knowledge of how trading works. To help users most efficiently, Trendspider tracks market trends, and through that, it can generate dynamic watch lists using the Market Scanner, in which the scanning time frame can be changed from 1 day to 1 month.

There are several dozen built-in scanners, but you can also create your own personalised scanner for your own use. Real-time market data and 20+ years of historical data are included are currently the perks available for free. For better syncing between clients, any scanners and personalisation made in your account will be saved to the cloud, which you can access any time from the web.

TrendSpider’s charting package includes the ability to backtest (for Premium and Elite customers) the customised strategies that other users have created. Subscriptions range from $33-$97 per month, with discounts if users purchase a prepaid annual plan instead.

Coinigy

Founded in 2014, Coinigy is a trading platform with a key focus on cryptocurrency. Based in Milwaukee, Wisconsin, it gives investors the ability to manage over 45 exchanges on its platform, providing users with data across all the exchanges consolidated in a single location. This allows investors to easily spot differences in exchange rates of different cryptocurrencies and use arbitrage to their advantage.

Like the other trading services, Coinigy also offers a large variety of indicators, chart generators, and instant price updates. These data can be shortlisted to a specific time range for monitoring. One can also create their own indicators which are saved to the platform for future use, although it seems that Coinigy restricts sharing of such indicators.

Rather than switching between different services to facilitate one’s trading, it allows users to link their trading accounts to Coinigy using an application programming interface (API), therefore creating a unified system for trading and planning of investments.

Two main features of Coinigy are their app ArbMatrix and cryptocurrency update cum news site Newswire. ArbMatrix shows traders the best arbitrage opportunities by displaying various exchanges of different traders in the form of a grid. While accounts are given for free to new users, which includes access to the provided indicators and charts for 30 days, this can be extended for users who pay for the pro version of Coinigy for as long as they want. A year of subscription is more affordable than a month of subscription.

Here is a full Coinigy review.

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GoCharting

As its name suggests, GoCharting is a trading platform that mainly focuses on creating real-time advanced charts. GoCharting monitors more than 100 cryptocurrencies and 20,000 cryptocurrency pairs, making GoCharting one of the few services with such a wide coverage of the cryptocurrency economy.

GoCharting’s app can create many types of charts to complement one’s trading needs, such as imbalance charts, session, composite, and fixed volume profile, all of these in real-time. However, while to focus of GoCharting is having tick-by-tick performance charting, they also include other features like more than 150 indicators and drawing tools to complement the usage of charts in GoCharting.

Other forms of analysis that GoCharting automatically calculates is market and volume profile charts, and DOM charts, and price ladders. Since it uses the open-source Golang and HighCharts (similar to GoPlot), A user can plot any graphs from the data, included but not limited to the spline, line, and area graphs. This tool is just a binary independent with any other lib or environment.)

As this is a very resource-consuming project, profits are needed to keep the service running, so GoCharting has Silver and Gold memberships, which includes features like extra graphs when compared to the free membership.