TradingView vs. StockCharts – Which is the better stock charting platform in 2022?
– The broker you should try to trade cryptos & US stocks. Learn more!
When trading in financial markets, technical analysis methods cannot ignore chart analysis. TradingView and StockCharts are well known for their diverse, easy-to-use features among professional charting platforms. So how are TradingView and StockCharts different? The following article compares TradingView vs StockCharts so that users can easily choose a more suitable one.
Overview of TradingView vs StockCharts
TradingView is a multi-featured charting platform launched in 2011. Currently, TradingView has over 30 million regular users. The advantage of TradingView is that it has premium charting features that professional traders love. TradingView applies reasonable prices to service packages and offers a 30-day trial. In addition, TradingView’s trading community is active, with many experts sharing their expertise and trading ideas for free. The downside of TradingView is that users have to upgrade to more advanced service packages to use the necessary features for professional traders. However, this disadvantage is not too problematic for ordinary traders.
StockCharts was launched in 1999 by a former Microsoft developer. At its launch, StockCharts was considered the first modern platform to help traders analyze stocks online. Currently, StockCharts has about 2 million regular users. The most significant advantage of StockCharts is that it offers a custom charting platform and has a 30-day free trial. In addition, users of StockCharts also often have easy access to expert comments. Besides the advantages, StockCharts also has some disadvantages compared to TradingView. The service price is a bit expensive, the interface is classic, and there are too many ads.
What is TradingView?
TradingView was a standalone website that later evolved into a charting platform. This charting platform has advanced features that allow users to customize as they want. Besides chart analysis tools, TradingView also provides a social networking platform that makes it easy for users to share and learn trading ideas and experiences. Users can access TradingView by phone or computer anytime, anywhere. TradingView is a platform that provides a full range of forex, stock, crypto, index, futures, and bond markets. TradingView is rated as the best charting platform and has tens of millions of users globally.
What are StockCharts?
StockCharts is a charting platform with a wide range of tools. In addition, the platform also provides a [ChartSchool] feature that makes it easy for newcomers to learn how to use and access the basic knowledge and experience of using charts, technical analysis, strategy building transactions. The outstanding feature of StockCharts is [Sharpchart]. It helps users approach candlestick charts bar charts and effectively. This feature makes it easy for users to create charts for over 25,000 indices, mutual funds, and stocks. The StockCharts platform has been around since 1999 and has nearly 2 million users. Currently, StockCharts is still appreciated for its prestige and outstanding features.
Compare the interface of TradingView with StockCharts.
TradingView has a modern, intuitive design and is highly customizable. TradingView’s dashboard shows all relevant features, including Watchlist, News, and Market Summary. TradingView’s charts are smooth and easy to use, using the highly customizable and intuitive HTML5 language.
StockCharts has a more straightforward and more classic design. However, StockCharts is still appreciated for its interface with the intelligent and easy-to-understand format. StockCharts uses the [Sharpchart] charting program, which is easy to use and complete.
Comparison of TradingView charting tools with StockCharts
TradingView offers about 50 free charting tools. The tool management bars display quickly and flexibly. StockCharts provides a set of popular charting tools such as trendlines, channels, and Fibonacci lines. Besides, the [ChartNotes] feature helps users conveniently draw on the chart, but StockCharts requires paying for this feature. At this point, TradingView has the upper hand in terms of flexibility and freebies.
TradingView allows users to view price data in second intervals (1, 5, 15, or 30 seconds). Meanwhile, StockCharts can only track the 1-minute timeframe, which is the lowest.
TradingView provides a feature that allows users to quickly review the chart at a glance.
TradingView has a code editor that makes it easy for users to create their technical indicators or import new ones created by other users. This feature makes it easy for TradingView users to try new trading strategies. Meanwhile, StockCharts offers highly customizable technical indicators but cannot create a new one.
TradingView’s stock filter feature vs StockCharts
TradingView and StockCharts both have a stock screener feature. The stock filter feature on TradingView is [Stock Screener], on StockCharts is [Scans]. This feature makes it easy for users to search for stock listings by their preferred criteria. However, Stock Screener on TradingView is somewhat more modern and easier to use than Scans than StockCharts.
One of the advantages of StockCharts’ stock filter feature is that users can edit the code to change filter settings and create new orders themselves. TradingView also edits the filter’s code, but it’s not as straightforward and flexible as StockCharts.
In return, TradingView’s filter for results automatically updates every 10 seconds in real-time. Meanwhile, StockCharts users need to rerun the filtering process to update the results.
Compare the [Trade Ideas] feature on TradingView vs StockCharts
Both TradingView and StockCharts platforms allow users to interact with each other. However, TradingView has a larger community size, so it prevails. The community on TradingView is very active with trading ideas, sharing updates regularly every day. Besides, TradingView also has an [Editors’ Picks] category to help users quickly find reputable ideas in the community. The community on StockCharts also allows users to share trading ideas but is not active. Instead, StockCharts features expert market reviews from Arthur Hill, Martin Pring, and John Murphy.
Connect with brokers
Once again, TradingView has the upper hand in connecting with brokers. TradingView supports brokers in different markets like futures, stocks, forex, and cryptocurrencies. TradingView can integrate with Tradovate, AMP Globa, OANDA, Forex.com, and Gemini. Meanwhile, StockCharts only allows connection with Tradier. There is an advantage for StockCharts users that of the broker Tradier, there is no commission on trading stocks and no limit on trading fixed-rate options.
Price alert feature
TradingView provides a convenient price alert feature for users who cannot monitor the chart 24/7. The free plan is set with one price alert and increases to 20-100-40 for higher paid plans. Price alerts on TradingView are easily customizable with Pine Script code, SMS, and email notifications. StockCharts does not allow price alerts on the free and basic plan and has 10-100 price alerts on the two higher levels.
Compare the prices of TradingView’s services vs StockCharts.
Both TradingView and StockCharts platforms offer a free 30-day trial and have a base package price of $14.95. However, in the higher packages, the price of TradingView is higher than that of StockCharts. TradingView allows using five indicators and two charts in each window with the basic package. Meanwhile, StockCharts enable the use of 20 indicators and an unlimited number of charts per window.
TradingView’s Pro+ plan costs $29.95/month and Premium costs $59.95/month. The higher the plans, the more indicators, and charts the user can view and use. These increase the number of indicators and charts that you can view at the same time at time and set more price alerts.
Similar to TradingView, StockCharts’ Extra package costs $24.95/month and increases to $39.95/month in the Pro package. In particular, the Pro plan allows users to use more price alerts and has more custom layouts.
Comparison of TradingView vs StockCharts customer support services
TradingView has a [Help Center] with frequently asked questions. Alternatively, customers can submit a support request through the [My Support Ticket] feature. However, TradingView’s available question system is not detailed to meet users’ needs, and the customer support system prioritizes more advanced customers.
StockCharts has [Support Center] and [ChartSchool] features with an in-depth content system and scientific arrangement. Besides, when users need support, they can still contact StockCharts through the [Help Request] page.
Between TradingView vs StockCharts, which charting platform is better?
Although these charting platforms are pretty reputable and provide user-friendly, easy-to-use charting, most traders prefer to use TradingView over StockCharts. TradingView provides charts at time frames as small as 1 second, with a script editor to help users actively create custom indicators. Besides, the strong TradingView community also helps this platform be known and used by traders more often.
But StockCharts has a unique advantage over TradingView: it provides market data before 1980. These are data not all charting platforms have. It especially makes sense for long-term investors.
Some other charting platforms
TradingView and StockCharts are both famous platforms used by many professional traders. However, these two platforms can cost a monthly fee if users use advanced functions. If you want to save more, users can learn Thinkorswim with many similar features to TradingView. Thinkorswim is free with TD Ameritrade accounts. In addition, users can use Finviz if they want to access the chart or use the stock filter.
However, in terms of versatility and comprehensiveness, TradingView and StockCharts are still the two brightest platforms on the market.
Read more: tradingview