I am impressed by my experience with TradingView’s platform. Though they still have a lot of room to improve, the community of traders and collection of idea seekers is a lot more global and diverse than other platforms.
Here are the pros and cons in my opinion:
- Incredible amount of instruments
- Large collection of supported brokerage and data firms
- Coding language that makes scripting fairly quick to do
- The community is incredibly diverse, actively trading many types of markets 24/7 all year.
- Personal Profiles allow you to connect with the community and develop a reputation to help build a base of trading constituents.
- My Favorite… after 15 minutes of posting anything, you MAY NOT DELETE the post. NO extension allowed to the time-window to edit/delete posts, AND added comments are permanent & non editable, no deleting comments. I like this as it forces people to be real.
- Trolling is not allowed and moderators keep it professional, however, you may post links and speak of things outside of trading within professional office-like guidelines.
- Cons (only the first of which I deem bad, the rest are nit picky)
- The backtesting does not match the trusted testing I have done in several other platforms. I do not trust their strategy portfolio history one bit.
- The base indicators are a bit different than the standards used by most, however the collection of free indicators from the community more than makes up for this.
- Strategies & indicators are overly redundant as they seem to be in most platforms. There are not a lot of ways to categorize or collect studies you like. Long time members will find themselves cleaning their collection, a problem I see in many platforms.
- I am not sure I want to use a web based platform for conducting actual trades, but I love to do my trading homework with the platform and connect to others doing the same.