Pro Tips
TrendSpider Vs TradingView ( Wich is the Best)
Jan 26, 2025
As traders explore AI trading tools to improve performance, they often come across TrendSpider and TradingView. Both platforms are excellent charting solutions that can help traders automate their analysis to make more informed trading decisions. Yet, they each have unique features that appeal to different types of traders. This guide will compare TrendSpider and TradingView to see how they differ and help you decide which is best for your trading style.
Before we start, GoMoon’s AI-powered economic calendar can help you achieve your trading objectives by keeping you on top of financial events and news affecting the markets. Now, let’s start our comparison of TrendSpider vs TradingView.
Table of Content
What is TrendSpider?
TrendSpider is an advanced trading platform designed to simplify and enhance the technical analysis process for traders and investors. By leveraging artificial intelligence and automation, TrendSpider helps users identify trends, key levels, and chart patterns faster and more accurately than traditional methods. Its innovative tools allow traders to streamline workflows, backtest strategies, and make more informed decisions.
Key Features of TrendSpider
Automated Technical Analysis
TrendSpider's automated technical analysis tools help traders save time and enhance the accuracy of their trading strategies. For example, the platform automatically detects and plots trendlines, saving users the time and effort of manual drawing while reducing the risk of errors.
TrendSpider also automatically identifies Fibonacci levels to help traders spot key support and resistance zones. In addition, its AI scans charts for common patterns like head-and-shoulders, triangles, and double tops.
Multi-Timeframe Analysis
TrendSpider allows users to overlay multiple timeframes on a single chart. For example, a swing trader can simultaneously see daily and weekly trends to gain deeper market insights. This feature is handy for aligning short-term trades with long-term trends.
Raindrop Charts
Exclusive to TrendSpider, Raindrop Charts combine price action and volume in a single candlestick, providing a more detailed view of market activity. These charts help traders understand the relationship between price movement and trading volume.
Smart Alerts
Dynamic Price Alerts: Set alerts for trendline breaks, Fibonacci levels, or specific price conditions. These alerts adjust dynamically as price movements evolve.
Custom Alerts: Tailor alerts to fit specific strategies or conditions, with notifications sent via email, text, or desktop.
Strategy Backtesting
Users can test trading strategies against historical data to evaluate their effectiveness. This tool allows traders to refine their systems and adjust before deploying them in live markets.
Trading Bots
TrendSpider offers AI-driven trading bots that automate the execution of strategies. These customizable bots allow traders to define their parameters and risk management rules.
Idea Generation Tools
Explore new trading ideas using built-in scanning tools that identify opportunities based on technical patterns, volume spikes, or momentum changes.
System-Wide Tools
TrendSpider integrates variance testing, custom data feeds, and export capabilities, giving traders advanced tools to optimize their strategies and workflows.
Who is TrendSpider For?
TrendSpider is designed for a variety of traders and investors, including:
Active Traders
Those who rely on technical analysis need advanced tools to identify opportunities quickly.
Swing Traders
Traders who want to align their trades with more significant trends using multi-timeframe analysis.
Portfolio Managers
Professionals looking to automate workflows and test strategies to manage multiple positions efficiently.
Beginners
While it’s geared toward advanced users, TrendSpider’s automated features make it accessible for beginners to learn technical analysis.
TrendSpider Pricing Tiers
TrendSpider offers three subscription plans—Standard, Enhanced, and Advanced—tailored to meet the needs of casual traders, active investors, and professional portfolio managers. Below is a detailed breakdown of each plan:
1. Standard Plan
Pricing: $49.76/month (or $597.06/year with 7% off for the first year)
Who It’s For: Casual market participants and part-time traders looking for essential tools to get started with technical analysis.
Key Features
1 User License: Access to real-time market data (Non-Pro). Charting, analysis, and essential strategy development tools.
Web and mobile access for on-the-go study: Limited training support (no dedicated 1-on-1 sessions): up to 25 alerts and five simultaneous trading bots.
Best For: Beginners or traders with a simple workflow who need affordable access to essential features.
2. Enhanced Plan
Pricing: $58.12/month (or $697.38/year with 41% off for the first year)
Who It’s For: Active traders and full-time investors need comprehensive market analysis and trading tools.
Key Features
1 User License. Up to 10 active windows and 100 simultaneous alerts. Support for 30 trading bots running at once. Real-time market and futures data (Non-Pro).
Full access to the AI Strategy Lab to automate strategy development. System-wide tools like variance testing, data export, and customizable feeds. Includes free 1-on-1 training session for onboarding.
Best For: Intermediate traders who rely on detailed analysis, multiple strategies, and real-time alerts to manage their trades effectively.
3. Advanced Plan
Pricing: $82.70/month (or $992.34/year with 63% off for the first year)
Who It’s For: Professional portfolio managers and high-capacity traders need robust, high-performance workflow tools.
Key Features
1 User License with options for more licenses.
Up to 20 active windows and 400 simultaneous alerts for advanced multi-strategy management.
Support for 100 simultaneous trading bots, ideal for professional-level automation. Includes unlimited 1-on-1 training for continuous learning and platform mastery.
Priority support is available via email, chat, and phone.
Advanced tools like variance testing, system-wide analytics, and AI-driven strategy automation.
Access to real-time market and futures data, customizable data feeds, and data export. Best For: Professionals managing large portfolios or implementing sophisticated, multi-strategy systems at scale.
Related Reading
• How To Read Economic Calendar
• How To Read Forex Economic Calendar
• How To Use An Economic Calendar
• How To Trade Economic Calendar
• How To Measure Trade Show Effectiveness
• Trading Events
• Investing Economic Calendar
• Events That Affected The Economy
What is TradingView?
TradingView is one of the most popular charting and trading platforms globally, known for its user-friendly interface, robust charting tools, and collaborative features. Designed for traders of all skill levels, TradingView provides comprehensive tools for technical analysis, multi-asset trading, and market monitoring. It’s accessible via the web and mobile apps, making it a highly versatile option for traders who need flexibility.
Key Features of TradingView
Comprehensive Charting Tools
Multiple Chart Types: TradingView supports various chart types, including candlesticks, Heikin-Ashi, Renko, Point & Figure, and more. These cater to trading strategies, from intraday scalping to long-term investing.
Customizable Indicators: With over 100 built-in indicators and a library of user-created scripts, traders can perform advanced technical analysis. The "indicators on indicators" feature lets traders layer multiple studies on a chart.
Multi-Timeframe Charting: Traders can compare multiple timeframes simultaneously, helping align short-term trades with long-term trends.
Alerts and Notifications
Custom Alerts: Set alerts based on price levels, indicators, or custom Pine Script strategies.
Real-Time Alerts: Alerts are delivered via email, SMS, or push notifications to keep traders informed wherever they are.
Non-Expiring Alerts: Premium subscribers can set active alerts indefinitely, ensuring constant monitoring of key market conditions.
Global Market Coverage
TradingView covers a wide range of asset classes, including:
Stocks from global exchanges.
Forex pairs for currency trading.
Cryptocurrencies from significant exchanges.
Commodities and indices for broader market analysis.
This extensive market coverage makes TradingView suitable for traders operating in diverse markets.
Community and Collaboration
TradingView fosters a vibrant social network of traders who share charts, ideas, and market analyses. Through collaborative discussions, traders can engage with others, gain insights, and validate their strategies.
Publishing Scripts and Ideas: Pine Script developers can share custom indicators and strategies with the community, contributing to a rich shared knowledge ecosystem.
Pine Script Customization
TradingView’s proprietary scripting language, Pine Script, allows traders to create custom indicators, backtesting scripts, and automated strategies. This feature is particularly valuable for advanced traders and developers.
Broker Integration
TradingView integrates with multiple brokers, enabling users to execute trades directly from the platform. Supported brokers include TradeStation, OANDA, and FXCM.
Ad-Free Experience
All paid plans remove advertisements, providing an uninterrupted trading and analysis environment.
TradingView Pricing Tiers
TradingView offers three subscription plans, Essential, Plus, and Premium, tailored to meet the needs of beginner, intermediate, and advanced traders. Below is a detailed breakdown of each plan:
1. Essential Plan
Pricing: $12.95/month or $155.40/year (save $24 annually with the yearly plan).
Who It’s For: Beginners or casual traders looking for an affordable yet powerful charting solution.
Key Features
Charting Capabilities: Up to 2 charts per tab and 5 indicators per chart.
Historical Data: Access to 10,000 historical bars for analyzing past market trends.
Alerts: Create up to 20 price alerts and 20 technical alerts.
Customization: Use volume profiles, custom timeframes, and multiple watchlists.
Ad-Free: Enjoy an uninterrupted experience without advertisements.
Advanced Tools
Bar Replay for historical price action analysis.
Auto Chart Patterns for quick trend identification.
Intraday Renko, Kagi, Line Break, and Point & Figure charts.
Support: Includes first-priority support.
Best For: New traders or part-time investors who need essential tools for technical analysis without a significant financial commitment.
2. Plus Plan
Pricing: $24.95/month or $299.40/year (save $60 annually with the yearly plan).
Who It’s For: Intermediate traders looking for additional charting and alert capabilities.
Key Features
Charting Capabilities: Up to 4 charts per tab and 10 indicators per chart for more detailed analysis.
Historical Data: Access to 10,000 historical bars.
Alerts: Create up to 100 price alerts and 100 technical alerts.
Customization: Includes features like multiple watchlists, chart data export, and custom formulas.
Advanced Tools
Volume profiles for identifying high-activity price levels.
Custom range bars and second-based intervals for detailed intraday analysis.
Tick-based intervals (BETA) for advanced traders.
Simultaneous Connections: Supports 20 parallel chart connections.
Support: Includes first-priority support and customer assistance.
Best For: Traders who require more advanced tools, multi-chart setups, and higher alert limits for tracking multiple assets and strategies.
3. Premium Plan
Pricing: $49.95/month or $599.40/year (save $120 annually with the yearly plan).
Who It’s For: Professional or advanced traders managing multiple strategies requiring top-tier features.
Key Features
Charting Capabilities: Up to 8 charts per tab and 25 indicators per chart, ideal for deep technical analysis.
Historical Data: Access to 20,000 historical bars for long-term analysis.
Alerts: Create up to 400 price alerts, 400 technical alerts, and five watchlist alerts.
Customization: Advanced charting tools like time-price opportunities, volume footprint, and publishing invite-only scripts.
Simultaneous Connections: Supports 50 parallel chart connections for power users.
Non-Expiring Alerts: Set alerts that remain active indefinitely.
Support: Includes first-priority customer support.
Best For: Professional traders and analysts who need extensive data, multi-strategy capabilities, and comprehensive alert systems to manage large portfolios or complex strategies.
Why TradingView’s Pricing Reflects Its Value
TradingView’s pricing tiers provide flexibility and scalability, ensuring users can choose a plan that matches their trading needs and budget:
Affordable Entry Point
The Essential Plan offers robust features at a competitive price for beginners.
Value for Intermediate Users
The Plus Plan balances cost and functionality, offering advanced tools without requiring a Premium subscription.
TrendSpider vs TradingView
User Interface and Accessibility: TrendSpider vs. TradingView
TrendSpider offers a desktop-centric platform with web and mobile access. The interface is organized around automated technical analysis tools and geared toward traders with a solid understanding of charting and analysis. While the AI-driven features like automated trendline detection and Raindrop Charts make it stand out, the advanced tools can feel overwhelming for beginners.
TradingView is known for its sleek, intuitive design. The platform is beginner-friendly while offering advanced tools for experienced traders. As a browser-based platform, TradingView is highly accessible across devices (desktop, tablet, and mobile), making it ideal for on-the-go trading. Its collaborative interface and community-driven features make it a favorite for traders who value idea-sharing and learning.
Winner
TradingView is more accessible for beginners and traders who value ease of use, while TrendSpider appeals to those who prioritize advanced automation tools.
Charting and Technical Analysis: TrendSpider vs. TradingView
TrendSpider automates technical analysis to reduce manual effort significantly. The platform automatically draws trendlines, Fibonacci levels, and chart patterns so traders can spend less time on routine charting tasks and focus more on developing a strategy. TrendSpider also offers unique features like Raindrop Charts, which incorporate volume into price action for deeper market insights. Another advanced tool is multi-timeframe analysis, which allows traders to overlay multiple timeframes on a single chart to help align short-term and long-term strategies.
While TradingView also offers unique tools for technical analysis, it excels in customization. The platform provides multiple chart types (e.g., Renko, Heikin-Ashi, Point & Figure) with extensive manual customization. Traders can also layer various indicators, ideal for advanced analysis. For those who want to build custom indicators and strategies, the platform offers Pine Script customization for backtesting and further enhancing technical analysis. Community-shared indicators provide access to thousands of user-created indicators and strategies for diverse trading needs.
Winner
TrendSpider excels in automation and unique tools like Raindrop Charts, while TradingView wins for customization, variety, and community-driven indicators.
Alerts and Notifications: TrendSpider vs. TradingView
TrendSpider offers advanced alert capabilities tied to its automated technical analysis tools to help traders monitor specific setups effortlessly. Dynamic alerts adjust automatically with price movements, ensuring accuracy even in volatile markets. AI-driven alerts are also linked to automated trendlines, Fibonacci levels, and chart patterns.
TradingView also provides robust alerts but offers more flexibility and customization for manual alerts. Users can create alerts based on price movements, indicators, or Pine Script strategies. Alerts can be set for specific conditions and are highly customizable. The Premium plan includes non-expiring alerts that provide long-term tracking of key market levels.
Winner
TrendSpider has more advanced alert capabilities tied to its automated tools, while TradingView offers more flexibility and customization for manual alerts.
Community and Collaboration: TrendSpider vs. TradingView
TrendSpider is focused on individual traders and professionals and does not include collaborative or community-driven features. The platform is best for traders who prefer working independently and using AI tools for personal analysis.
In stark contrast, TradingView is a social network of traders who share ideas, charts, and strategies. Users can publish their analyses, follow other traders, and engage in discussions. The platform’s community aspect is ideal for learning, collaboration, and idea generation.
Winner
TradingView is unmatched in community and collaboration features, making it the go-to choice for traders who value shared learning and interaction.
Backtesting and Strategy Development: TrendSpider vs. TradingView
TrendSpider offers built-in backtesting that allows traders to test strategies against historical data without coding skills. The AI Strategy Lab provides pre-configured templates for building and refining strategies with minimal effort.
TradingView also offers backtesting capabilities, but users must write their scripts to create custom strategies, which can be a barrier for traders unfamiliar with programming.
Winner
TrendSpider provides more accessible backtesting tools for non-coders, while TradingView is better for traders comfortable with scripting.
Pricing and Value: TrendSpider vs. TradingView
TrendSpider Standard Plan ($49.76/month): Offers essential tools for beginners and casual traders, including 25 alerts and five trading bots.
TrendSpider Enhanced Plan ($58.12/month)
Ideal for intermediate traders with 100 alerts, 30 trading bots, and access to the AI Strategy Lab.
TrendSpider Advanced Plan ($82.70/month)
Designed for professionals, offering 400 alerts, 100 trading bots, and unlimited 1-on-1 training.
TradingView Essential Plan ($12.95/month)
Provides essential tools for beginners, including two charts per tab, five indicators per chart, and 20 alerts.
TradingView Plus Plan ($24.95/month)
Ideal for intermediate users, offering four charts per tab, 10 indicators per chart, and 100 alerts.
TradingView Premium Plan ($49.95/month)
Tailored for professionals, with eight charts per tab, 25 indicators per chart, and 400 alerts.
Winner
TradingView is more affordable, especially for beginners, while TrendSpider delivers more advanced features for traders willing to invest in automation and AI.
Use Our AI-powered Economic Calendar Tool for Free Today
GoMoon transforms economic calendar data with AI-powered insights for smarter trading decisions. Our platform analyzes global events and rates their market impact on a scale of 1-10, helping you understand how they'll affect various assets. We've packed everything traders need: Live economic event streaming, custom notifications, and historical event replay with TradingView charts. What sets us apart is our comprehensive approach to event analysis.
Whether you're tracking the impact of major economic announcements or comparing forecast data with actual outcomes, GoMoon provides straightforward, actionable insights. You can personalize your calendar, stream live meetings directly on the platform, and analyze historical events like the dot-com bubble or the COVID-19 crash to understand market reactions better. GoMoon clarifies the complex world of economic events for traders seeking data-driven decisions. Get started for free to get AI-powered economic insights today.
Which Platform is Best for You?
Choose TrendSpider If You Value Automation and Efficiency
TrendSpider’s automated technical analysis tools, like trendline detection and Raindrop Charts, save time and reduce manual effort. This is ideal for traders who want to streamline their workflows and focus on decision-making rather than repetitive tasks. For example, you’re a swing trader looking to align trades with long-term trends without spending hours drawing trendlines or analyzing patterns manually.
Choose TrendSpider If You Prefer Accessible Backtesting Tools
TrendSpider’s built-in backtesting feature allows you to test strategies against historical data without requiring coding skills. This is particularly useful for traders who want to validate their ideas before committing capital. For example, you’re experimenting with a moving average crossover strategy and want to see how it performs historically across multiple markets.
Choose TrendSpider If You Rely on Advanced Alerts
TrendSpider’s dynamic alerts, tied to automated trendlines, Fibonacci levels, and chart patterns, ensure you never miss critical setups. The alerts adapt to price changes, making them highly accurate. For example, you want to be notified when a key support level is broken, or a stock crosses a specific Fibonacci retracement level.
Choose TrendSpider If You Are a Professional Trader or Portfolio Manager
The Advanced Plan supports up to 100 simultaneous trading bots, 400 alerts, and 20 active windows, making it perfect for high-capacity users managing multiple strategies and assets. For example, you’re managing a diversified portfolio across stocks, forex, and futures and need a platform that can handle various automated strategies simultaneously.
Choose TrendSpider If You Want Exclusive Features Like Raindrop Charts
Unlike TrendSpider, Raindrop Charts combine price action and volume in a single candlestick, offering deeper market insights. This is invaluable for traders looking for innovative tools to gain an edge. For example, you’re analyzing breakout stocks to see whether volume supports the price action during critical levels.
Choose TradingView If You Value Customization and Flexibility
TradingView offers unparalleled customization, from charting tools to Pine Script, allowing you to create and refine your indicators and strategies. This level of flexibility is ideal for traders who prefer hands-on control over their analysis. For example, you’re an advanced trader who wants to build a custom RSI divergence indicator using Pine Script.
Choose TradingView If You Want a Collaborative Trading Experience
TradingView’s social network allows traders to share ideas, publish analyses, and interact with a global community. This is perfect for those who value learning from others or sharing their insights. For example, you’re a beginner looking to improve your skills by following experienced traders’ analyses and strategies.
Choose TradingView If You Need Global Market Coverage
TradingView provides access to various asset classes, including global stocks, forex, cryptocurrencies, commodities, and indices. This makes it ideal for traders who operate in multiple markets. For example, you’re trading forex during Asian market hours and monitoring U.S. stocks for potential opportunities.
Choose TradingView If You Prefer Affordable Plans
TradingView’s pricing tiers are budget-friendly, with the Essential Plan starting at just $12.95/month. Even the Premium Plan ($49.95/month) is competitively priced, making it accessible for traders at all levels. For example, you’re a beginner or part-time trader who needs reliable charting tools without a significant financial commitment.
Choose TradingView If You Require Extensive Charting Options
With features like multiple chart types, indicators on indicators, and time-price opportunity tools, TradingView excels in providing robust charting capabilities for diverse trading strategies. For example, you’re a day trader using Heikin-Ashi charts with layered indicators to identify intraday trends.
Choose TradingView If You Need Alerts That Work Across Devices
TradingView’s real-time alerts can be delivered via email, SMS, or push notifications, ensuring you stay updated no matter where you are. Setting alerts that never expire is a significant advantage for long-term monitoring. For example, you want to be alerted when a cryptocurrency reaches a specific price level, even if it happens weeks from now.
Key Scenarios and Recommendations
If You’re a Beginner
Start with TradingView Essential Plan, which offers affordable access to robust charting tools and a community to learn from. Its intuitive interface and collaborative features make it easier for new traders to start.
If You’re an Advanced Retail Trader
TradingView Premium Plan is ideal for advanced traders who need extensive charting capabilities, Pine Script customization, and multi-chart setups.
If You’re a Swing Trader or Technical Analyst
TrendSpider Enhanced Plan offers automation tools like trendline detection and Raindrop Charts, perfect for aligning trades with key levels and trends.
If You’re a Professional or Portfolio Manager
TrendSpider Advanced Plan provides high-capacity features like 400 alerts, 100 trading bots, and unlimited training, making it a superior choice for managing large portfolios or complex strategies.
Related Reading
• Forex Events
• Day Trading Events
• Major Economic Events In The Last 10 Years
• Geopolitical Events And Forex
• Best Forex Economic Calendar
• Stock Trading Events
• Forex Trading Tools
• Day Trading Software
• Crypto Trading Tools
• Commodity Trading Software
• Best Stock Trading Tools
• Best AI Stock Trading Software
• Algorithmic Trading Tools
Use Our AI-powered Economic Calendar Tool for Free Today
GoMoon transforms economic calendar data with AI-powered insights for smarter trading decisions. Our platform analyzes global events and rates their market impact on a scale of 1-10, helping you understand how they'll affect various assets. We've packed everything traders need: Live economic event streaming, custom notifications, and historical event replay with TradingView charts. What sets us apart is our comprehensive approach to event analysis.
Whether you're tracking the impact of major economic announcements or comparing forecast data with actual outcomes, GoMoon provides straightforward, actionable insights. You can personalize your calendar, stream live meetings directly on the platform, and analyze historical events like the dot-com bubble or the COVID-19 crash to understand market reactions better. GoMoon clarifies the complex world of economic events for traders seeking data-driven decisions. Get started for free to get AI-powered economic insights today.
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