Compare Tradingview vs. Finviz. Which platform should stock investors choose?
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To better trade in the financial markets, investors often use charting platforms with stock scanners that help filter out stocks that match their criteria. Tradingview and Finviz are the most famous platforms that provide stock filters. The article below compares the pros and cons of Tradingview vs Finviz to help investors find a more suitable application.
Quick comparison of Tradingview vs. Finviz
Tradingview and Finviz are both platforms that provide stock analysis tools, including many similar features such as charts, backtest tools, stock filtering, real-time market data access, set price alerts, and access to the software on the web version.
However, TradingView is somewhat more popular than Finviz. TradingView provides information from international stock markets (e.g., USA, Canada, HK, Australia, UK, India, Japan, …), Futures, Cryptocurrencies, and Forex. Meanwhile, Finviz Elite-only covers the US stock market, Futures, Cryptocurrencies, and Forex.
What is TradingView?
TradingView is a stock chart analysis platform launched in 2011 with free and paid versions. On TradingView, traders can view charts on different markets, including Stocks, currencies, commodities, cryptocurrencies, futures, or bonds. In addition, TradingView also provides a powerful social networking feature, allowing users to share and learn trading ideas and technical analysis with the global community.
TradingView provides powerful charting tools with various chart types (Candles, Bars, Heikin Ashi, Renko, Kagi,…) and various drawing tools (e.g., Trendlines, Gann & Fibonacci, patterns XABCD, ….), and hundreds of available indicators as well as thousands of user-developed indicators on the platform. Besides, TradingView users can add fundamental analysis metrics to the chart (revenue, net profit, profit margin, revenue growth, etc.)
What is Finviz?
Finviz is a stock research platform that provides its users with fundamental and technical analysis tools. Finviz also has both free and paid versions. Free users can access stock screening, quotes, and charts. Meanwhile, the paid version allows users to access ad-free intraday charts real-time data, set price alerts, and view basic charts.
The Finviz homepage provides an overview of global market indices displayed in candlestick charts. In addition, Finviz provides detailed earnings information and critical stock market news.
Charts options: Tradingview vs. Finviz
Both Tradingview and Finviz provide web-based charting platforms that make it easy for users to monitor charts online without the need to download or install additional applications.
Finviz has top-down analytics capabilities that users highly appreciate. The paid Finviz version’s real-time quotes feature also loved by traders. In addition, drawing tools and indicators also help Finviz users more conveniently in chart analysis.
However, TradingView is considered complete and offers better free charting tools. TradingView users can easily customize and add technical indicators at will.
TradingView’s chart is considered more user-friendly and modern in terms of appearance. Meanwhile, traders now consider Finviz’s version of the chart to look more classic.
Stock screening: Tradingview vs. Finviz
The stock filter tools of both TradingView and Finviz work pretty well. Users can easily find stocks by various criteria such as volume, price, industry, sector, market capitalization, etc.
Finviz has a more extensive database of 7000 stocks, while TradingView has only 5000 stocks. However, TradingView has advanced filtering for stock, forex, and crypto markets. As such, TradingView has a more flexible filter for many different markets.
TradingView only allows filtering stocks by available conditions. TradingView’s filters can help users find stocks by fundamental analysis or technical indicators, or both. Overall, TradingView’s filters are pretty good, but there is no feature to save scans for future use.
Finviz’s stock filtering feature is quite different from similar platforms. It is pretty flexible and easy to use, including the free version. Finviz users can enter other criteria by price, market cap, RSI, average volume, industry… Finviz filters allow users to save scans for later use. This feature saves time for users who frequently use this feature.
Price alerts : Tradingview vs. Finviz
The price alert feature makes it easy for users to know essential changes in the market without sitting and watching charts 24/7.
TradingView’s price alert feature is quite powerful. Users can set alerts according to price levels, indicators, custom conditions, or plotting tools. The quality is quite flexible, and users can select at least ten different price alerts and receive notifications via SMS, email, or an on-screen notification window. Finviz only provides price alerts to users via email.
Paper Trading is demo trading that allows investors to practice buying and selling, familiarizing themselves with the trading platform without using real money. Finviz’s backtesting feature works quite well. Paper Trading TradingView previously had many disadvantages, but it has been improved and better evaluated.
Compare heatmap: TradingView vs. Finviz.
Heat Maps help traders have an overview of the market. Finviz offers a stock heatmap, while TradingView has a stock and crypto heatmap. Therefore, TradingView may be a better choice for traders in the cryptocurrency market.
News: TradingView vs Finviz
Traders, besides technical analysis on charts, still cannot ignore the news when looking for investment opportunities. Both TradingView and Finviz provide news on the platform. Finviz updates news from CNN, Wallstreet Journal, Bloomberg, and CNBC. Meanwhile, TradingView updates news from Yahoo! Finance. Finviz has updates from more sources to have more fast and more objective news than TradingView.
Chat feature on TradingView and Finviz
The chat feature allows investors to find people with similar investment views and more experience to share and learn from each other. In this feature, TradingView has a more prominent advantage because the [Community] feature of TradingView is quite active. Meanwhile, Finviz does not have a chat feature on the platform.
TradingView and Finviz mobile apps
Currently, mobile applications are often interested by users because of their convenience and flexibility. TradingView is always appreciated for providing a full range of applications on iOS and Android. In contrast, Finviz does not yet have a separate mobile application. However, Finviz’s website is also considered mobile-friendly.
Compare prices of TradingView and Finviz
Finviz and TradingView have free versions for users, but both have limited advanced functions. Finviz has only one paid version, Finviz Elite, which costs $24.96/month. Meanwhile, TradingView has three paid versions with different prices, from $14.95/month to $59.95/month. TradingView users can use the premium plans for free and, after seven days, can choose to use or cancel their subscription. For a non-specialist trader, using TradingView’s most advanced packages is relatively high. However, TradingView users can easily select 1 of 3 packages that suit their needs and financial capabilities.
Both TradingView and Finviz support clients through a system of tutorials and FAQs. Besides, TradingView has the [My Support Ticket] feature, and Finviz uses the [Contact us] feature so that customers can submit support requests.
Overall, both TradingView and Finviz are two charting platforms with pretty good stock filters. Depending on the needs of each person can choose a more suitable platform. TradingView is ideal for traders who prefer a multifunctional, flexible, and easily customized tool. Whereas, for a trader who only needs a primary stock filter and news updates, Finviz may be more suitable.
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