Tradingview forex 1

TradingView Review: Why I switched to Tradingview from MT4.

It was a long and deliberate decision between MetaTrader vs TradingView, but I’ve finally taken the plunge and switch to TradingView — and it’s the best trading decision I’ve made this year.

If you have known me long enough, I’ve been a huge fan of MT4 (otherwise known as Metatrader 4). After all, what’s there not to like about it… it’s free, it has many indicators, and it loads fast.

But after using it for years… I realised there are issues that won’t go away and you’ll either have to suck it up or find something else (I’ll explain later).

So in today’s TradingView review, you’ll learn:

The 5 biggest reasons why I switched to TradingView from MT4 The benefits of TradingView The downside of TradingView Is TradingView for you?

Then let’s get started…

Note: This post contains affiliate links. This means if you sign up with TradingView pro, I’ll earn a referral fee.

Do you face these problems with MT4?

When I look at MT4 vs TradingView, there are a few obvious mind-boggling issues on MT4…

The flying trendline You lose all your data if your system crash You have access to a limited number of markets You need to re-register your account every 30 days You have no support.

The flying trendline.

If you’ve used MT4 long enough, you’ll realise the trendlines on your chart are as reliable as trying to withdraw your funds from a Forex broker based in Cyprus — you never know if it’s there or not.

You’ve spent hours drawing trendlines on your charts. The next moment, when you got down to the lower timeframe, the same trendline (that you’ve drawn earlier) has shifted by itself… like some voodoo magic taking place.

Now, if your trading approach requires you to use trendlines, then the MT4 platform is not something you’ll want to trade with — especially on a live account.

You lose all your data if your system crash.

Here’s the thing:

The MT4 platform must be installed on your local device. This means if your computer crash, there goes everything along with it — and that includes all the settings you have in MT4.

Also, if you want to trade while you’re overseas, it will be a problem because you can’t bring your computer over, right?

Don’t tell me you can trade on your phone, I’ll smack you.

Sure you can use a laptop, but the MT4 settings on your laptop will not be the same as the one on your computer. So you must adjust the settings, re-draw your charts, and plot your indicators again. Ouch.

You have access to a limited number of markets.

This statement is biased because MT4 is created for Forex traders. Thus, the markets offered are mainly currency pairs.

However, some brokers may offer CFDs so you can trade indices and some of the popular stocks. But largely, you’re limited to the Forex markets.

If you’re a Trend Follower (like me) who trades across many markets, then MT4 is a severe limitation. You’ll have to open different MT4 brokerage accounts just to access a full spectrum of markets.

And if you’re a stock trader, options trader, or futures trader, don’t bother with MT4 — it’s not for you.

I would say MT4 only makes sense if you’re solely a Forex trader and nothing else.

You need to re-register your MT4 account every 30 days.

Here’s the thing:

If you sign up for a live MT4 account, then you can use the platform indefinitely.

But if you’re on a demo then you must register the account every 30 days or you can’t access it anymore.

You’ll get a message popping up every 30 days saying “invalid account” and you need to register your particulars all over again. It gets annoying over time.

And you can’t blame the broker because it’s their way of “kicking” those who are not serious about funding an account and just want to use the platform for free.

So, if you’re like me using multiple MT4 brokers to track many markets, then be prepared to face this issue.

There is no support for MT4.

Clearly, there are limitations in the MT4 platform as I’ve mentioned earlier (like the flying trendline, the MACD indicator looks weird, and etc.).

But do you know what the worst thing is?

You’re on your own.

Yup, you read that right.

If you find any issues, problems, or bugs on the MT4 platform, don’t expect it to get resolved —it won’t.

Because MT4 is a free platform. Who’s going to pay a team of support staff to answer your queries or fix your issues?

So whatever issues you face, just assume it will be there permanently and you must either accept it or move onto something else.

Those are the biggest issue I’ve faced with MT4 and that’s why I’ve switched to TradingView.

Next, I’ll compare MT4 vs TradingView closely.

I’ll explain to you how TradingView solved all my problems and what are the benefits of using it…

Why I love TradingView and the benefits of it.

The reason is simple.

TradingView solves all the issues I listed earlier.

For example:

It doesn’t have the flying trendline problem on MT4.

It’s based on the cloud you so don’t lose your data even if your computer crash — and it syncs across your computer, laptop, and mobile so you have a smooth experience.

You have access to a huge range of markets like Stocks, Forex, Commodities, Agriculture, Indices, Bonds, Metals, and etc. which is a dream for a Trend Follower like me.

You don’t have to register an account every 30 days because it doesn’t expire (which means you have lifetime access to it).

You have a team of Support that answers your questions and will fix any bugs or issues you come across.

And that’s not all…

When comparing TradingView vs MT4, TradingView has many useful features that will improve your trading experience.

Now go watch this TradingView tutorial below which will help you master it — in less than 20minutes.

Note: In this TradingView Review, I’m using TradingView Pro (which cost $9.95/month) and some features listed might not be available for the free account.

TradingView Alerts: You don’t have to watch the markets 24/5.

If you’re a swing trader or a position trader, you spend most of the time staying on the sidelines — waiting for a trading opportunity.

You’ll usually check your charts every few hours to see if there are any trading setups or not. But sometimes the market may have a sudden “spike” that comes into your level and because you’re away, you end up missing the move.

So, what can you do?

You can use an “alert” to inform you the price has come to your level so you won’t miss a trading setup or spend 24/5 watching the markets.

Here’s how you can do it on TradingView…

Click the “Alert” icon at the top of your page Set your price level.

It looks something like this:

Once you’ve set it up, you’ll be alerted via email when the price comes to your level so you’ll never miss another trading setup — and still, have the freedom to do the things you love.

TradingView offers custom trading indicators — for free.

There are many trading indicators out there and sometimes, you have to pay money for indicators to be custom coded.

TradingView developed a programming language called “Pine Script” where users can develop their own custom indicators and upload it to TradingView.

This means you can find almost any trading indicators all in one place — for free!

And unlike MT4 where you’ll have to search forums or websites for custom indicators, TradingView has them all in one place — which saves you plenty of time.

Here’s how you can access it:

Click the “Indicators” button at the top Select the indicator you want.

Then, you’ll see the different category of indicators. Let me explain…

Built-ins – Popular indicators built into the TradingView platform (like MACD, RSI, Stochastic, and etc.)

Public Library – Custom indicators created by TradingView’s users.

Fundamentals – Indicators related to the fundamentals of a company (like earnings, revenue, price to book, and etc.)

You can use relative strength to find high probability trading setups.

You’re probably wondering:

“What’s relative strength?”

Relative strength refers to how strong an instrument is relative to its sector (otherwise known as cross-sectional momentum).

In the currency markets, how strong is the Euro currency relative to the USD, CAD, JPY and etc.?

In the stock markets, how strong is a stock relative to the S&P?

This is useful information because you want to go long on the instrument which is relatively stronger and short the ones which are relatively weaker.

Because a relatively strong market tends to move further in your favor and have shallower pullbacks. This means your trade have a greater odds of success.

So, here’s how to identify relative strength on Tradingview:

Click on the “Compare” button at the top Insert the relevant market (sector or index)

Now, you must compare the correct instrument to its sector (or index).

If I’m identifying the relative strength of the Euro, then I’ll compare it to EUR/USD, EUR/CAD, EUR/JPY, EURAUD, and etc.

And not compare it with the S&P or the Treasury bonds because is irrelevant to the Euro.

If I want to know how strong the S&P is, then I’ll compare it with the other indices around the world.

Good. Let’s move on…

You can trade with multiple timeframes like a pro.

I’m sure you’ll agree with me when I say…

Most charting platforms have default timeframes you can choose from. It’s usually the Daily, 4-hour, 1-hour, 30-mins, 15mins, 5mins, and 1min — and that’s it.

But, what if you want an uncommon timeframe like the 7-hour charts?

Well, you probably need to hire someone to custom code it for you — and that’s if the platform allows it.

Now the good news is…

TradingView allows you to customize the timeframe in any way you want… whether it’s 7-minutes, 7-hours, 7-days, 7 weeks — or even 7 months.

Here’s how to do it:

Click the “Arrow” beside the timeframe panel Select your desired timeframe.

Here’s what I mean:

And wait, that’s not all…

You can also layout the different timeframes (side by side) and see the price action on the different timeframes. This is useful especially for day traders who want to know what the price is currently doing relative to the higher timeframe.

Here’s how to do it:

Select the “dual panel” at the top Choose your desired chart layout.

Now, you’ll see different options you can choose for your chart. Let me explain…

Link symbol to all charts – This lets you have both charts showing the same market.

Link interval to all charts – This lets you have both charts showing the same timeframe.

Sync crosshair on all charts – This synchronizes your crosshair across the different timeframes.

Track time on all charts – This shows you how the chart on the lower timeframe looks like when you’re pointing your crosshair on a candle (from the higher timeframe chart)

This is insane, right?

Economic calendar at your fingertips so you don’t get caught off guard — and lose a chunk of your capital.

How often have you got stopped out of a trade because you weren’t aware there’s a news event coming out?

It sucks right, I know.

So do yourself a favour and pay attention to the economic calendar on TradingView.

Here’s how to do it:

Select the “Economic Calendar” button on the right Click on “Settings” and choose your news preference.

Here are a few things to take note…

High Importance – These are news releases which have a high impact on the financial markets. I suggest you check this box.

Medium Importance – These are news releases which have a medium impact on the financial markets. You can uncheck this if you want.

Low Importance – These are news releases which have a low impact on the financial markets. You can uncheck this if you want.

Finally, you can select the news from the respective countries you want (like USD, EURO, CAD, and etc.).

And that’s not all…

You can also have news events to appear at the bottom of your chart so you’ll not get caught off guard.

Here’s how to do it:

Right-click and select “Properties” on your chart Go to the “Events & Alerts” Tab Check the box “Show Economic Events on Chart”

You’ll see something like this:

As the new candles are formed closer to the “events symbol” below, it means the news release is approaching closer.

But there’s a catch…

Here’s the thing:

If you want to use the features I’ve mentioned above, then you must get at least the TradingView pro account.

You might be wondering:

“What about the free account on TradingView?”

Sure, you can use it but it has limitations and comes with annoying popups (every few minutes).

And it’s not their fault because they are running a business and they need cash flow to maintain their software developers, computer servers, technical support, and etc.

Who’s going to pay for their research & development?

Who’s going to cover their business expenses?

Who’s going to pay their employees?

Clearly, you can expect to get everything for free — just look what happened to MT4 and you get my point.

Now, let’s move on to my final point…

TradingView Review — Is TradingView for you?

As much as I would like to say you should use TradingView so I can earn some referral fees, that’s not how I roll.

So here are my thoughts on whether you should use TradingView (looking beyond TradingView vs MT4).

TradingView is not for you if:

You’re an options trader You have low capital You’re a scalper.

1. You’re an options trader.

TradingView is not meant for options trader because they don’t provide market data for options.

2. You have a small trading account.

Here’s the thing:

If your account size is less than $1000, then it doesn’t make sense to subscribe to TradingView.

Because the yearly subscription is $120.

That’s 12% of your trading capital on a $1000 account. This means you need to make 12% a year to break even which puts you at a severe disadvantage. You’re better off using other free trading tools in the meantime.

3. You’re a scalper who trades the order flow of the markets.

For a scalper, speed is of the essence because you need to make split second’s decision.

However, TradingView isn’t built for speed unlike some of the other established platforms (like CQG or TT) — so it’s not for you.

Now you’re probably wondering:

“Who should use TradingView?”

TradingView is for you if:

You have a decent account size You trade in different markets You’re a swing or position trader.

1. You have a decent account size.

Earlier, I mentioned that if you have a $1000 account, it doesn’t make sense to subscribe to TradingView because you need to generate a return of 12%/year to breakeven.

But, if your account is larger (let’s say $5000), then it makes sense since you only need 2.4%/year to breakeven.

2. You trade in different markets.

TradingView offers data on Stocks, Futures, Forex, Indices, ETFs, and etc.

So if you trade across many sectors, then TradingView will make your life easier without having to use multiple charting platforms.

3. You’re a swing or position trader.

Swing and position traders rely on technical analysis to make their trading decisions. And TradingView offers one of the best charting capabilities out there.

It can be used for day traders as well if speed is not of the essence to you.

TradingView Plans and Pricing.

Now, TradingView comes with three different plans:

Pro ($14.95/month) Pro+ ($24.95/month) Premium ($49.95/month)

Note: You get a discount when you sign up for a yearly subscription instead of monthly.

The difference between them is the amount of “bells and whistles” you get.

The higher-tiered plans allow you to have more indicators on your chart, more historical data, use multiple devices, priority support, etc.

If you want to compare the full difference, then check it out here.

Now you might be thinking:

“So which plan do I go for?”

My suggestion is to go for TradingView Pro because if you want to upgrade, you can do so from your dashboard.

But if you’re on TradingView Premium, it’s not possible to downgrade and you’re stuck with something you don’t want.

So, go with the lowest tier plan and then upgrade (if you wish to).

Pro Tip:

TradingView offers a discount during Black Friday.

And whether you’re a free or paid subscriber, you get access to the same deal (so keep a lookout for it).

TradingView brokers.

Here’s the thing:

TradingView started as a charting platform (not a brokerage) so in the early days, you weren’t able to place trades directly on TradingView.

But things are changing as they are integrating their platform with brokers.

So here’s a list of brokers that you can trade with on TradingView:

Bonus TradingView Tips.

Now let me share with you 4 TradingView features I use regularly…

1. Highlight the markets of your interest.

In the past, I used to go through every market in my watchlist to make sure I don’t miss any trading opportunities.

But I realized it’s a huge waste of time to scan every market because some of them simply don’t present any trading opportunity (at least not in the near future).

So here’s what I did…

Every weekend I’ll do my “homework” and highlight the markets of my interest.

Then I “mark” them on my TradingView watchlist so I don’t miss these opportunities for the coming week.

Here’s how to do it…

Bring your cursor to the symbol in your watchlist Put the cursor to the left of the symbol and click on it Select the colour you want and “mark” the symbol.

Here’s an example…

This way, you save time as you don’t have to go through every market in your watchlist.

2. Undo your “mistakes” easily.

You might not know this but, TradingView allows you to undo your “mistakes” easily.

Just press “CTRL Z” and it will reset the previous action you did.

If you accidentally shift your Support & Resistance, CTRL Z.

If you add a weird indicator by mistake, CTRL Z.

If you did something wrong but you’re not sure what it is, CTRL Z.

You get my point.

3. Duplicate your drawings easily.

This is useful if you want to draw multiple Support & Resistance, Trendlines, Channels, etc.

Click on the drawing you want Press CTRL C Then CTRL V.

Your drawing duplicated.

4. Bookmark your favourite timeframe.

This way, you can switch between timeframes in just a mouse click.

Click on the timeframe tab “Star” your favourite timeframe.

Your favorite timeframe will now appear on the main tab.

Here’s what it looks like…

This is cool stuff, right?

TradingView Review — Conclusion.

So, here’s what you’ve learned in this TradingView review:

The 5 biggest problems I’ve faced with MT4 that made me abandoned it The benefits and features of TradingView that you’re probably unaware of The downside to TradingView depending how you look at it How to decide if TradingView is right for you.

And if you want to try out TradingView, you can sign up for a free trial here.

Now here’s a question for you…

What’s your experience with TradingView?

Leave a comment below and let me know your thoughts.

Hello Everyone.

Rated 2 out of 5.

December 1, 2022.

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Have you ever used MT5 ?

Rated 3 out of 5.

October 26, 2022.

Most of the issues you stated here are solved if you use MT5.

I’m surprised by the number of people that use MT4, which is obsolete.

You can automate trades.

Rated 1 out of 5.

October 22, 2022.

That’s a big point that was not discussed probably.

That’s the only reason people use it for despite the challenges in aesthetics.

Tradeview Limitations.

Rated 4 out of 5.

October 14, 2022.

I agree with most of what has been said, and joined TV as a Pro+ member. I learnt pine script, wrote my own strategies and get alerts. Great. Then what? I want the alerts to go to MT4 to automate my trades. You either pay an expensive third party to send signals to their EA from your own strategy or you need to go back to MT4 and learn how to program in MT4 language. Ttradeview is not compatible with MT4, the only real program for automated trades. That is a problem!

Stephen Ede.

How i got my Savings Back.

Rated 5 out of 5.

September 8, 2022.

If you think someone you know is being scammed or targeted by cheaters , do not make them feel embarrassed anyone can be a victim, few months ago I and my wife were scammed about $60,000, almost gave up in life, we were hopeless until a Brother introduced me to April Hoskey a reliable source to recover my funds back and also trade to earn high profit, Do contact this company via, or Whatsapp +44 7949 403132,

Pamale Bacon.

Marco says:

I also prefer TradingView, but it’s even better the Ninja Trader (my opinion).

Rayner says:

Thanks for sharing, Marco!

Nawar atik says:

But how can you actually place orders on trading view?

Rayner says:

Hey Nawar I don’t place orders on TradingView. It’s just a charting platform for me.

khai says:

So where you entry your order? So meaning that trading view is only for charting TA and can’t entry the order at the same time?

Rayner says:

I don’t use TradingView for orders.

Alex says:

Hey Rayner, How accurate is Trading View versus the broker your using to make trades with? Concerned you may see a setup in trading view and then your broker has slightly different data that is a disadvantage. Does that ever happen?

Rayner says:

Hey Alex It doesn’t concern me much since the difference is just a few pips.

yanuaria Batista says:

I have had that experience with tradingview and Oanda where prices differ a lot, to the point of making you lose a trade because of price differences.

Vishal says:

That means for placing order you will still use MT4? I thought you are saying TradingView is a replacement of mt4. But thanks for the info. I also use TradingView for charts.

Rayner says:

I don’t use MT4. I use my own broker platform.

Mike Michaelz Malata says:

Hey Reyner I wanna know what is your trading broker.

Rayner says:

I don’t publicly discuss brokers because in this day and age, we have no idea what goes on behind the scenes. If you want a recommendation, drop me an email me and we can discuss it.

Osagie BAZUAYE says:

I would love to know your broker and others you can suggest out there. There is so much talk of fake brokers 2. From your posts I see you are primarily a forex traders though you also trade other markets. Am I correct.

bct1019 says:

TV can integrate with a number of brokers right in the platform. I use and trade right within TradingView.

John says:

Love TradingView but have always only used it to look at charts. Do you link your broker to it and actually use it to trade. And if so, are you aware if thee is a broker that will enable you to trade cryptocurrencies through it? Cheers, John.

Rayner says:

Hi John I don’t place orders on TradingView. It’s just a charting platform for me.

David says:

I too use trading view but it has some limitations. No volume data on forex ( yes I know technical forex doesn’t have it, but the tick data is a good enough substitute and is used for Wycliffe style trading) . Doesn’t have intra day on the live Dow market .

Rayner says:

Hi David Those are good points you make. I think there is intra day for DOW but you have to pay for it. cheers.

David says:

Apologies Rayner I signed up with Tradingview on Saturday last week……! I really enjoy the platform especially the charts and tools. If you can I would appreciate watching your video on chart set up on Tradingview to see if I missed anything. Appreciate your weekly videos and website. Thank you and Best Regards David.

Rayner says:

Hey David Thank you for your feedback! ��

James says:

Not sure I agree with all of your points Rayner as it is quite easy to get a non expiry MT4 demo account with certain brokers even without a live account. You also have easy access to multiple time frames other than the default ones via fairly freely available custom indicators. No doubt about it, MT4 is a little clunky for certain things and I appreciate that Tradingview (TV) is probably a superior charting package with way more bells and whistles, including better remote access etc. I will personally be switching over to MT5 in the near future for my own trading, so not sure how much better that will be compared to MT4 . I will have to get my custom indicators converted to the MT5 language, which I would also have to do with TV. One other concern I have using TV is there seems to be a lack of brokers that allow you to trade directly off their platform. I know Oanda (Europe) was one option, so this may be an issue for some, because at the end of the day you may end up using TV for your analysis but then go to your normal broker to place the actual trades. I’ve seen a few reviews like your recently and the subject of how you actually trade from TV seems to be either skimmed over or missed completely. Cheers.

Rayner says:

Hey James Thank you for sharing your thoughts. I don’t place orders on TradingView. It’s just a charting platform for me.

rb5 says:

Good review. Been using them for a while but every now and again it gets a little buggy and sometimes when you try and draw a diagonal line across the chart it snaps to horizontal over and over which is a pain. My biggest gripe is they dont prove ‘tick data’ chart timeframes and the lowest they go to is 1 minute. For a professional platform its a huge omission. Hopefully, they may add it one day.

Rayner says:

Hey RB Thank you for sharing your thoughts. I don’t use tick data to trade so that’s why it didn’t occur to me. cheers.

Vincent says:

I appreciate the information you’ve given us about TradingView Rayner. I have a question – my broker does not offer this platform, TradingView, as an option. So must I close my account and then find a broker who will allow me to use TradingView? Or is it possible to use this platform with any broker? Regards Vincent.

Sofolahan says:

You can use tradingview charting platform for your analysis if your broker is not connected to tradingview and you can place your trade on your broker Mt4.

Rayner says:

Hi Vincent I don’t place orders on TradingView. It’s just a charting platform for me. You’ll have to ask them which broker they integrate with.

Roland says:

Hello Rayner Good review on Tradingview! As a matter of fact I became a free user a while back. i would like to know though how could I place live trades through the platform? I don’t think that’s possible. Tradingview is a good place to plot and, chart and view trends, pullbacks etc to basically execute a well planned strategy, in my opinion. I am not sure live trades can be executed through the platform… or I may be missing the something here. Care to clarify? I am new to trading; I am learning everything from you, from all your resources you provide. Many Thanks for this review! Best, Roland.

Rayner says:

Hi Roland I don’t place orders on TradingView. It’s just a charting platform for me. You’ll have to check with them on how to go about placing trades.

Aaron says:

I have tried trading view pro + and i like it… am planning to get it but on october. i dont mind you providing the link.

Rayner says:

Hey Aaron Sure, just use the links in the blog post to subscribe. Best!

Giorgio says:

Hi Rayner and followers, I’m using ProRealtime software. With a free account you can do lots of technical analysis on many markets with end of day data. This is just what you need if you are a position trader and do not need intraday data. I’m pretty satisfied about it. Various helpful video tutorials are available at the site home page Cheers, Giorgio.

Rayner says:

Thank you for sharing, Giorgio!

Jave says:

Hi Rayner, some questions: 1. Broker to Broker, the price does differs abit, sometimes more with differences in spread and account type (STP/ECN/MM). And trading view provide feeds only from limited amount of brokers. So the price coming from Tradingview would differ from your broker unless its listed in trading view. 2. I’m not very well verse with the programming language of tradingview, but I do have some basic knowledge of MQL4. Easy search of forums can results in what I’m looking for, most of the time. Even so, there are paid options for customizable scripts/EA/Indi. Most of the function you mentioned can be done in MT4, including variable timeframe, alarms SMS/email, making important news appear on chart. Question would like to ask can the indicator of tradingview be easily altered, at least easier than Metaeditor? I’m also interested to know if backtesting can be done in tradingview, just like strategy tester in MT4 (has its limitation)? On a side note, you can easily sign up for a live account without depositing a single cent to rid of the irritating pop up. The only trade off is providing your some personal info to the broker. Thanks! Regards, Jave.

Rayner says:

Hey Jave 1. Yes, that’s correct. The price would differ slightly. 2. They have something called pinescript. I’m not a programmer myself so I can’t comment how easy that is. But I’ve seen many other traders create custom indicators using that language. As for backtesting, I don’t know of any automated feature from tradingiview. Thanks for sharing!

william says:

Currently I am using TOS which I think is an excellent program. Was using ninja trader, but didn’t like the account setup with broker. Anyway my question to Rayner is about account size versus the number of lots I guess you will say position size. With a 15K account size what percent would you recommend to risk per trade? Thank You William.

Rayner says:

Hey William I suggest 1% for most strategies. So that’s about $150 per trade.

Shailesh Saxena says:

I have been using Tradingview for almost 2.5 years and I love it. In addition to what Tuner has described above, I would like to add the following 1. The TV platform is a knowledge sharing community and has a wealth of information for new traders. 2. It is very easy to program indicators based on your strategy and evaluate its performance visually on the charts. Any time someone tells me about a new strategy, I simply program it on TV and see if it is worth pursuing further. Good luck with your trading.

Rayner says:

Thank you for sharing, Shailesh. cheers.

tim says:

Love TradingView. Not without it’s problems but support always seems to solve them. Have been trying to persuade my broker (IB) to use the site but no luck yet.

Rayner says:

Yup, support is great. I hope it works for you! cheers.

sunny says:

Another advantage of trading view is that you can use on Mac ��

Rayner says:

That’s nice to know.

Sam says:

hi Rayner, does trading view has a mobile app?

Rayner says:

I’m not sure man. But I believe you can view it on mobile.

Jay says:

Thanks for the great review Rayner! I agree that TradingView is a great way to stay up to date with all the different markets. It’s pretty good for mobile charting too, which is always nice when you’re on the go. Thanks again!

Rayner says:

You’re welcome, Jay. Glad to hear that!

Frank says:

So to clarify, if you trade Binary options and want to use trading view for your research, you don’t recommend it right?

Rayner says:

I don’t trade binaries so I can’t comment on it.

Kelvin says:

How do I download tradingview to my laptop?have searched and can’t see any download link.

Rayner says:

Hey Kelvin It’s a web based platform, no download needed.

Josephine says:

Been using TV on demo for a year..great platform ..Broker intergration seems to b the biggest issue as ppl want to use the charts to trade from like myself, currently only 2 US brokers avail Oanda and need to add more Brokers.. btw I am a scalper and i doubled my demo acct in under a year… Trading Forex !

Rayner says:

Hi Josephine I’m not too sure about their broker integration part since I use them only for charting. Cheers.

Tim says:

Through your email, I signed in for 30-day free trial but how do I know whether I have been signed up? No email notification so far Regards, Tim.

Rayner says:

Hey Tim I believe TradingView will drop you an email about it.

Roger says:

Excellent post on charting tool. Would you be able to advice me which is the best broker platform for trading?

Rayner says:

Hey Roger I don’t publicly discuss brokers because in this day and age, we have no idea what goes on behind the scenes. If you want a recommendation, drop me an email me and we can discuss it.

Tom says:

Hi Which broker did you choose for trading with tradingview? Thank you Tom.

Rayner says:

I don’t use TradingView for execution.

Alex says:

Hey Rayner, whats your view on MT5?

Rayner says:

I’ve not used it myself.

Bat Gerel says:

Hi Rayner thanks for very interesting post I have question reg. support of tradingview team . Where is this button for live chat with them ? I tried to contact them but cant do this Thanks Bat.

Rayner says:

Hey Bat I’m not sure if they offer live chat support. But you can always drop them an email.

Bill says:

Rayner, Thank you for another great post. You’ve done more here to ‘sell’ TradingView than any of their promotional pieces I’ve seen. More importantly is that you accomplished this by simply reviewing the product as a trader talking to other traders. I use the free version presently. I just may have to go Pro, even if I am still a rookie trader. Keep up the good work. It is appreciated. Be well, Bill.

Rayner says:

Glad to hear that, Bill. I’m using the Pro version myself. cheers.

AP says:

Hey Rayner! thanks for sharing; I wonder if you are planning on using MT5. Why is it not so popular? best regards.

Rayner says:

No plans at the moment. Perhaps one day I might just try it out…

Steven says:

Hey Rayner, thanks for the sharing. I have just started using TV as my charting platform as you recomended. there are lot of things to learn about especially the indicators. now i’m having a problem here with the indicators. i lost all the indicators icon on my chart. i think its hidden in somewhere. how to get them back or show the indicator icon on my chart. your help really appriciated.Thanks.

Rayner says:

John says:

Good video, learned something although I’ve been on TV for some time. I trade futures and you should mention you also need a data subscription for that, while I believe FX is data is included. TV also seems to be the choice for those trading Cryptos which you may not find on traditional platforms including altcoins on various exchanges.

Rayner says:

Hi John Thank you for sharing. For futures, they do provide EOD. For intraday, then yes a subscription is needed.

Logan Lux says:

I’m having bug issues with the TradingView (TV) charts on a live account. Anyone else experiencing this, and have any suggestions? : 1) Trendlines are missing or unmovable. Despite my best efforts to “unlock” everything, “sync” drawing tools, or apply all view options to all timeframes (trendline settings), my trendlines drawn on the Daily chart won’t show up on my H1 chart. If they do, I can click them, delete them, but not move them. 2) Orders filled with a limit order that contain a SL and TP won’t actually have a SL and TP once triggered. If my limit order gets filled, the newly established TP or SL will error if I try to move them. If I delete them, then re-add a SL and TP to the new order, they work again. Somehow the SL and TP of limit orders are not getting associated with the trade once it gets triggered. (Notes: Mac-based, using Chrome browser at . These are TV charts/functionality, but accessed through, not through Apparently, this is how does live trading with TV charts.)

Rayner says:

Hi Logan I suggest you bring the issues up to or tradingview. They can better assist you.

Pedro F says:

Truly the only issue is the flying trendline. But even that if you save the template for each asset, you can almost solve it. The others, most of them are related with your broker not with MT4. 30 days demo account and the number of assets, for example. No support, I can not see as a problem! MT4 is so simple to work. In spite of that I keep prefering cTrader but there are other reasons like partial exists and the risk calculation for example.

Bob says:

Hi Raynor I’ve been following you for a couple of months now, and I want you to know that I value your teachings. I have a question… On tradingview, when I plot the Exp Moving Average from the Indicators tab, and then click on format for one of the MAs and change the Style Scale to “No Scale” or “Left Scale”, the MA lines fluctuate when I move the chart left and right. This does not occur when “Right Scale” is selected. This feature is seriously broken. My faith in the accuracy of the MA Indicators is gone. Or, am I doing something wrong? Regards Bob.

Rayner says:

Hey Bob I don’t adjust those settings but use the default ones. cheers.

Ian says:

Hi if you open an account with Oanda even a demo account you can get things like the 8-hour time frame and most of the pro features for free. its a great program and Oanda have some great features. ps, your video’s are pretty good and helpful. many thanks.

Rayner says:

Thank you for sharing, Ian.


Hi Reyner, Does trading view has cfd trading available? if yes in which instruments? Regards, Atul Doshi.

Rayner says:

Hey Atul You should contract tradingview for product list.

Guy says:

Good presentation of TradingView! Do you actually place trades using TradingView? does it work well?

Rayner says:

Hey Guy, I don’t. I use them for charts only.

Gareth Morgan says:

Thanks Rayner Do you know how to get VWAP as an addon?? Its not provided as standard in Pro package. Thanks.

Rayner says:

Samuel Tay says:

Hi Rayner, Nice video you made there, really appreciate it ! Is trading view linked to any brokers? ie. can I trade directly using trading view? Thanks. ST.

Rayner says:

They can but I don’t do it.

James says:

All trading platforms have their pros and cons I have used trading view in the past but I prefer my custom indicators on mt4 which are not available on trading view.

Rayner says:

Thanks for sharing!

Bob Gunderson says:

Why don’t you just use thinkorswim? It’s faster than any web app, has every feature ever and it’s free.

Rayner says:

I still prefer TradingView.

Lloyd says:

Great review Tao. Keep up the good work. I just started using TV. Lots of comparison functions and both charting and scanning are powerful. Very useful for even day trading and scalping, when actual broker account and charts are used for “actual” trading. LAGillespie.

Rayner says:

Thank you, cheers.

Harry says:

I have been asking trading view for the PSE exchange for 2 years still not available , am I correct ?

Rayner says:

I’m not sure, you should contact them instead.

hamed says:

Hi. I think the Trendline problem in mt4 can be solved by sticking the start and end of the trend line to a specific point of candles. By the way what’s the problem with withdrawing funds from a broker in Cyprus? I’m new to trading world and got worried about the broker I want to start because itis in Cyprus. Which broker do u suggest? Isit that much bad that I should not risk my money? :*(

Rayner says:

Hi Hamed I don’t publicly discuss brokers because in this day and age, we have no idea what goes on behind the scenes. If you want a recommendation, drop me an email me and we can discuss it.

cristian says:

in terms of cost, is not or it shouldnt be IMHO, the account size the determining factor in deciding if you can eat that recurring cost because that yearly expense shouldnt be paid by your account per se that expense should be paid by your profits i will get that when i will be comfortable enough with it’s cost, and i think that will happen when ill get an average profit of around +200$ each month and MT4 is ok ps1 i trade on my broker through mt4 and consequently i dont need to re-register each month since my money are in mt4 in my experience trading view has 2 advantages over mt4 : ability to set up more timeframes , and the variety of markets to choose from.

Rayner says:

Thank you for sharing, Cristian.

Jas says:

I love TradingView too and I hate Metatrader. However, the biggest problem I have is of market data. For FX, TradingView is only effective for charting if your broker is Oanda, FXCM or Because they only have market data for these three brokers. If you have a different broker than it won’t be as effective. For example, if I have located a support level on Tradingview with FXCM data, I can’t put a limit level trade on any other broker with the exact same level because support might be a little different (a few pips up or down) and it is. I have even checked. I would love to make the permanent switch to Tradingview for charting and only using my broker to enter limit orders but it won’t work until the data on Tradingview is the same as the data on my broker.

Rayner says:

Thank you for sharing, Jas. I use tradingview only for charting purpose.

John says:

Actually, you can use the template functions with Mt4 to save your preferred indicators, color etc. I have 3 and use according to what time frame I’m looking at, its quite simple to swap. Mt4 also has an alert feature. Mt4 doesn’t crash for me…..touch wood. I get good support from my broker should I have a question. I’ve got an open mind and will check out trading view, but…….I’ll remind everyone of the saying….”if it aint broke, why fix it…….to me its more important to be comfortable with what you use and not go changing things just for the fun of it. Oh, I’m a fourex trader only, maybe this is why I don’t really see the need to change.

Rayner says:

Hey John Thanks for sharing! Yup, there’s no need to change if you’re happy with the way things are.

Scotpip says:

There’s another major limitation to Trading View – it doesn’t handle price based bars like Renko properly. If you use candles you’ll be OK, otherwise forget it – I reported Renko bugs years ago and they’ve still not been fixed.

Rayner says:

Thanks for sharing.

Jayson Chong says:

Hi Rayner, it’s amazing you actually replied every single comment. Thanks for sharing, I tried 30-days and it’s awesome. But until I can afford it for charting purposes only for forex, only I will commit a yearly fees which is quite substantial for my account size, which you pointed it fairly and right.

Rayner says:

Hey Jayson No worries, you can always use the free tools they provide. It’s more than enough to get started. cheers. says:

I bet he is PERFECΤ at it!? Laughed Larry.

Rayner says:

John says:

Great Stuff Raynor I will give trading View a Go What about placing orders with it? Does it give you stoploss, pips,Risk/reward ratios etc. when you place an order?

Rayner says:

I don’t use them for trade execution, only charting.

Joel says:

Placing orders in Trading View is the best for complexed orders. You can set entry, stop, take profit target all at once, and it calculates your profit and loss while you’re entering the information for your trades. Really good. So good in fact that Oanda, a great forex broker uses trading view for their advanced charts within their platform.

Rayner says:

Thanks for sharing, Joel.

Tofiq says:

Trading view is not effective for screening or scanning of stock. I use TC2000 because it offers PCF which is very useful for effective scanning.

Rayner says:

Thank you for sharing.

Danny says:

I’m using TC2000 and I agree with you about scanning and screening of TC2000. But TC2000 does not have many markets data. Can you create your own filters on TV ?

Rayner says:

I’ve not used such a feature on TradingView, so I’m not sure about it.

Robert says:

Hello Rayner! Hope all is good. I am testing tradingview, but I am using a free account. So, since I mainly trade futures, the first thing I did was to load a SPX chart, but the data is incomplete. The chart starts at 13:00 or so and finishes at 19:00. It does not show 24h data, not even the morning period. Same thing when you load a total put call ratio chart (CBOE). Do you know if this is a limitation of the free account? Can you check if the SPX loads the whole 24h data in your account, so I can go ahead and purchase a subscription. Thanks a lot!

Rayner says:

Hey Robert It’s best you ask TradingView about it. Just drop them an email to their support team.

Robert says:

Tried to do that, but they only answer to paying users.

Rayner says:

Thank you for the update, Robert.

Rick O says:

I have had a TV Pro account for quite some time. The only thing is the limited amount of data for back testing and that’s where NT8 comes in handy. Both of my brokers support TV so it was a no brained for me to go with from day one.

Rayner says:

Thanks for sharing, Rick.

Vernon Hayes says:

You forgot renko charts! TV allows you to switch between candle and renko charts in one click. Winner! Thanks for the review Rayner, I signed up just over a week back and will surely find it hard to go back to MT4. I have my own trading bot that does position trading for me and thats still running on MT4, just need to work on getting that coded for TV.

Rayner says:

Thank you for sharing, Vernon. cheers.

Patrick McConnell says:

Trading view is amazing after I figured out how to use chart and indicator templates properly.

Rayner says:

Larry says:

Hello Teo, Thank you for the great information. I like the platform as well. Do you use them to trade with or just charting. What brokers are available if we want to trade through their charts?

Rayner says:

Just for charting.

Robert W says:

So lets debunk some of these drawbacks of mt4. 1. Flying trend line. This has to do with how mt4 draws it’s charts making it seem like the trend line has shifted, but it has not. Draw a trend line on a higher time frame, e.g. 4H, then note a few points along the line. Say both ends and a few points in between. You will see the ends are still at the same price and it is still drawn over the same price points in between the ends. So this is just visual, it’s not actually shifting around. 2. You can save all charts in something called a template. These files can then be copied just like any other file. So save them to a usb, dropbox, whatever. Then if you system crashes, just reload your templates. 3. This is dependent on your broker not mt4. If your broker only offers eurusd, it will still only offer eurusd if you switch to Tradingview from mt4. 4. On demo yes, but you can sign up with meta trader themselves and get a sort of quasi live account(can’t trade with it) and that account is valid all time. Besides there is nothing stopping you from viewing multiple charts on your brokers live account even if you only trade 1 instrument. 5. This is true. Meta trader 4 has no support any more. This is a big issue actually since most custom indicators, bots, etc etc are using mql4 but mt5 uses mql5 and there is no easy way to port. But if you are using custom code in mt4 you won’t be getting that in a switch to Tradingview either. 6. Alerts. They exist in mt4 as well.

Robert W says:

“You will see the ends are still at the same price and it is still drawn over the same price points in between the ends.” I forgot a few wrods �� it should be = If you switch to a lower time frame e.g. 5 minute you will see the ends are still at the same price and it is still drawn over the same price points in between the ends.