Many traders today are drawn to Bitcoin's price charting and technical analysis because these tools can help you make more informed and effective trading decisions. However, with multiple resources available, determining which to use can be tricky. In this guide, we’ll compare StockCharts vs. TradingView to help you understand which platform best suits your Bitcoin trading needs, including insights into What Is Bitcoin Halving.
Bitcoin Magazine Pro also offers a solution to help you get started with Bitcoin analysis.
What are TradingView and StockCharts?
Traders and investors looking to improve their active trading skills will benefit from the charting capabilities of both TradingView and StockCharts. TradingView is a sleek and highly powerful charting software perfect for short-term traders. It has many features that help traders analyze price action, including:
- Real-time stock quotes
- Hundreds of technical indicators
- Complex charting capabilities
- Watchlists
- Screeners
Tools to help you:
- Research stocks
- Bitcoin
- Other asset classes
TradingView is best for day traders, swing traders, beginners, and experts. Its user-friendly interface makes it easy for new traders to pick up and offers robust capabilities for experienced day traders. StockCharts is another popular and versatile platform. It’s old-school in look and performance, which works for some traders. Others will get a bit turned off by its functionality. Its trademark charts are highly customizable. StockCharts is best for longer-term traders who like its interface. Beginners will enjoy its ChartSchool, StockChart’s educational resource for new traders.
Pricing: What Will You Pay for Each Tool?
TradingView has several pricing tiers, including a free option. Active traders need to look beyond this plan to the paid memberships to get the features they need for effective trading.
- Pro+ membership tier: if you’re a day trader, you’ll need at least this power level (extra drawing tools and charts per display). When billed annually, pro+ costs $24.95/month, but our link below will give you a 30-day free trial.
Charting is the main attraction for TradingView’s 30+ million users (yes, it’s the most popular trading website in the world).
Your toolkit will include:
- 14 chart types
- 20+ timeframes
- 90+ drawing tools
- 100+ pre-built indicators
- 100,000+ community-built indicators
- 70+ exchanges from 50+ countries
- It also has best-in-class stock screeners and text/email alerts.
Its active community is a knowledgeable and helpful way to share trade ideas and learn new setups.
StockCharts offers a limited free plan, but to unlock the real power of this platform, you’ll need to pay for one of the tiers.
The three paid tiers are:
- Basic ($14.95 per month)
- Extra ($24.95 per month)
- Pro ($49.95 per month)
The basic and extra tiers will give most traders the features they need. Despite its limitations, StockCharts has some unique capabilities.
It features:
- A syntax-based stock screener, which lets you write your criteria
- Unique features like their
- Seasonality chart, which shows historical trends
- Daily technical analysis reports
- Trading tutorials
StockCharts vs. TradingView: Which Has Better Features?
Regarding charting features, TradingView and StockCharts are both powerful platforms. However, there are some notable differences.
Let’s take a look at what each platform has to offer.
TradingView’s Charting Features
TradingView’s charting capabilities are top-notch. You can create and customize charts with 14 different chart types, including the standard candlestick and line charts and unique options like:
- Renko
- Kagi
- Point & Figure charts
You can also set alerts on any of these chart types. TradingView offers over 100 pre-built indicators and more than 100,000 community-built indicators for your technical analysis.
There are 20 different timeframes, including sub-minute intervals for short-term trading. You can also create custom timeframes to suit your trading style. 90 drawing tools help you analyze price action, identify trends, and predict future price movements. TradingView also offers a social aspect, allowing you to share your charts and analysis with their active community of users.
StockCharts’ Charting Features
StockCharts also has a robust selection of charting features, but they aren’t as dynamic as TradingView’s. For example, while you can customize charts to your liking, you’ll have to refresh the chart each time you change the timeframe or indicators. This can hinder your analysis, especially if you want to trade quickly.
An upside of StockCharts is that their charts are highly customizable. You can write your criteria to create unique indicators and customize your charts to suit your needs. The platform also offers a unique Seasonality chart, which shows historical trends to help you forecast future price movements.
The Winner?
If you’re serious about day trading or swing trading, choose TradingView for its advanced charting capabilities. If you prefer a more traditional platform, StockCharts may fit your purposes.
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Detailed StockCharts vs. TradingView Comparison Guide
Ratings Summary
TradingView vs. StockCharts ratings summary shows that TradingView is the superior platform. StockCharts scores 3.8/5 because it lacks social community, financial news, and backtesting capabilities.
StockCharts’ new advanced charting platform ACP is a big improvement but still lags TradingView’s range of charts, indicators, and drawing tools. In comparison, TradingView scores 4.5/5 because it has the best community, charts, backtesting, news, and screening.
Features
TradingView and StockCharts cover stocks, indexes, and BTC; the difference is that StockCharts is US-only, and TradingView is global. TradingView features a news stream and a social community of 10 million users sharing charts and ideas. StockCharts has no news or social component.
Pricing
TradingView and StockCharts offer free access to their platforms; however, TradingView’s free service has more functionality than StockCharts. TradingView allows:
- Free scanning and screening
- Backtesting
- Watchlists
- Candlestick chart recognition
With StockCharts, you must be a paying member for these benefits. TradingView pricing starts at:
- $0 for the basic ad-supported plan
- Pro costs $14.95, Pro+ $29.95
- Premium costs $59.95 monthly
Opting for a yearly subscription will reduce those costs by 16%, representing a significant saving. There is an additional $2 cost per exchange if you want real-time data.
StockCharts pricing starts at $15/mo for the Basic plan, Extra costs $25/mo, and Pro costs $40/mo. Opting for a yearly subscription will give you one free month and an 8% discount. With StockCharts, real-time data will cost an extra $10 per month, compared to $2 for TradingView.
Software
Both TradingView and StockCharts offer excellent, stable, and reliable platforms that are easy to use. Both companies offer HTML 5 software that lives in the cloud, so you do not need to install software or configure exchange data stream downloads; they work across multiple devices.
|
Key Features |
TradingView |
StockCharts |
|
Global Market Data |
✔ |
USA |
|
Powerful Charts |
✔ |
✔ |
|
Stocks |
✔ |
✔ |
|
Futures |
✔ |
✘ |
|
Forex |
✔ |
✘ |
|
Bitcoin |
✔ |
✔ |
|
Social Community |
✔ |
✘ |
|
Real-time News |
✘ |
✘ |
|
Screeners |
✔ |
✔ |
|
Backtesting |
✔ |
✘ |
|
Automated Analysis |
✔ |
✔ |
Trading
TradingView supports 30 high-quality brokers, meaning tight integration, so you can directly trade from charts and view your profit and losses directly in TradingView. StockCharts integrates with one broker, Tradier, which offers $0 commission stock traders and free stock options trading for a flat fee of $25 per month.
TradingView integrates TradeStation, an excellent broker offering zero commissions stock trades, and other brokers for trading futures, forex, and Bitcoin.
Scanning
TradingView has integrated stock, forex, BTC screeners, and heatmaps, covering fundamental analysis and price/volume indicator scanning. StockCharts primarily focuses on the technical screening of price, volume, and indicators, including price pattern scanning for Candlestick and Point and Figure charts.
The TradingView stock screener comes complete with 160 fundamental and technical screening criteria. All the usual criteria are there, such as EPS, Quick Ratio, Pre-Tax Margin, and PE Ratio. It also goes more in-depth with more esoteric criteria, such as the number of employees, goodwill, and enterprise value.
StockCharts advanced scan workbench has a wide selection of technical indicators, such as MACD, Moving Averages, and RSI. StockCharts also has a coding window for customizing scans, but it is less flexible or powerful than TradingView’s Pine script coding engine.
Chart Pattern Recognition
StockCharts enables paying members to scan for point and figure chart patterns and candlestick chart patterns. TradingView enables automated candlestick recognition in its free service, and you can scan for 28 different Candlestick patterns. TradingView also has thousands of community-developed indicators and systems.
News & Social
TradingView is built with the community at the forefront and is best for social sharing and learning; forget StockTwits Tradingview is the best. TradingView’s fully integrated chat forum and publishing system are excellent ways to share your charts and ideas. StockCharts does not have an interactive social community or a news feed.
Chart Analysis
Both StockCharts and TradingView offer broad, powerful features for chart analysis. TradingView has 160 different indicators, and StockCharts offers only 66. TradingView offers 12 stock chart types, including unique specialty charts like:
- LineBreak
- Kagi
- Heikin Ashi
- Point & Figure
- Renko
StockCharts has 12 chart types, including Candlesticks Heiken Ashi and the unique Elder Impulse system.
TradingView has 65 drawing chart annotation tools, including capabilities unavailable on other platforms, such as extensive Gann & Fibonacci tools and hundreds of icons for your charts, notes, and ideas. StockCharts offers 32 different chart annotation tools.
Comparing StockCharts ACP to TradingView
StockCharts recently released the advanced charting platform (ACP), a vast improvement over the outdated charts of the past; still, ACP is not as flexible and powerful as TradingView’s charting.
Buy and Sell Gauges and Advanced Technical Indicators
TradingView’s innovative Buy and Sell gauges save you time by providing an instant readout of which stocks are bullish, bearish, or neutral; StockCharts does not have this functionality. TradingViews’s stock indicator ratings are well implemented because there are two critical technical analysis indicators: moving averages based on price and oscillators based on price and volume.
You can click on “Technicals,” and you are presented with three gauges when you view a chart. The left gauge shows the oscillating indicators like relative strength, stochastics, and the Average Directional Index. On the right, you have a selection of:
- Moving Averages
- Simple
- Exponential
- Ichimoku Cloud
Even though TradingView has more indicators and annotation tools, StockCharts ACP is a good platform with good future potential.
Backtesting
TradingView has implemented powerful backtesting features, whereas StockChart does not have backtesting functionality. Scanning for chart patterns and indicator conditions in a specific historical timeframe with StockCharts is possible, but that is not the same as backtesting.
TradingView has robust backtesting reporting showing trades, profit, loss, and capital drawdown; StockCharts does not.
TradingView has a backtesting system called Strategy Tester, but you must develop some scripting skills using the proprietary Pine code to develop original backtesting systems.
Usability
TradingView and StocksCharts ACP are incredibly easy to use, requiring zero installation or configuration. Both platforms are easy for beginners and offer advanced features for more experienced traders.
Related Reading
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- How Will Bitcoin Halving Affect Miners
- Bitcoin Halving Effect on Price
- What Happens After Bitcoin Halving
- Will Bitcoin Go Up After Halving
- How Many Bitcoins Are There
- How Long Does Bitcoin Take to Send
- Bitcoin Chart Patterns
- Free Bitcoin API
- Bitcoin Events 2024
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