Quick Facts
- TradingView Premium offers exclusive features like Level II Quotes, essential for scalpers who need real-time market data.
- Scalpers benefit from Faster Alerts, which notify them of market movements in real-time, allowing for quicker trading decisions.
- With Ad-Free Experience, scalpers can focus on their charts and trades without distractions, improving their overall trading performance.
- TradingView Premium provides Priority Customer Support, ensuring scalpers receive assistance quickly when they need it most.
- The Customizable Layout feature allows scalpers to personalize their workspace, streamlining their trading workflow.
- Scalpers can Overlay Multiple Charts simultaneously, giving them a more comprehensive view of the markets.
- TradingView Premium offers Extended Backtesting capabilities, enabling scalpers to refine their strategies with more historical data.
- The Bar Replay feature allows scalpers to practice and refine their intraday trading skills in a simulated environment.
- With Real-Time Data on Forex and Cryptocurrencies, scalpers can stay ahead of market movements and capitalize on opportunities.
- The Premium Customer Badge provides increased credibility and recognition within the TradingView community, potentially leading to more successful collaborations and networking opportunities.
Is TradingView Premium Worth It for Scalpers?
As a scalper, I’m always on the lookout for tools that can give me an edge in the markets. One of the most popular options out there is TradingView’s premium subscription. But is it really worth the cost? In this article, I’ll share my personal experience with TradingView premium and help you decide if it’s right for you.
My Background with TradingView
I’ve been using TradingView for over a year now, and I’ve been impressed with its free features from the get-go. The platform offers an incredible amount of data, indicators, and charting capabilities, all for free. But as I started to scale my trading operation, I found myself needing more advanced features to stay competitive. That’s when I decided to upgrade to TradingView premium.
Premium Features for Scalpers
So, what do you get with TradingView premium that’s so special? Here are some of the features that I think are particularly useful for scalpers:
More Alerts
With TradingView premium, you get an unlimited number of alerts. As a scalper, I need to be notified the moment a trade setup forms. With premium, I can set up multiple alerts for different symbols, all with custom conditions and notifications.
Ad-Free Experience
I know it might seem like a small thing, but having an ad-free experience is a game-changer for me. I can focus on my charts without distractions, and I don’t have to worry about accidentally clicking on an ad and losing my focus.
Prioritization of Customer Support
As a premium user, I get priority customer support. This means that if I ever have an issue with the platform, I can get help quickly and get back to trading.
More Indicators
TradingView premium offers a range of additional indicators that can help scalpers identify trading opportunities. From momentum indicators to volatility measures, these extra tools can give you an edge in the markets.
Backtesting and Walk-Forward Optimization
One of the most powerful features of TradingView premium is the ability to backtest and optimize your trading strategies. With this feature, you can see how your strategy would have performed in the past, and then optimize it for future trades.
My Experience with TradingView Premium
So, how has TradingView premium impacted my trading? Here are some concrete examples:
Improved Trade Identification
With premium, I’ve been able to set up more complex alerts that help me identify trading opportunities. This has led to a significant increase in the number of trades I take each day.
Faster Trade Execution
With ad-free charts, I can execute trades faster than ever before. This is critical in scalping, where every second counts.
Better Risk Management
With TradingView premium’s additional indicators, I’ve been able to refine my risk management strategy. This has led to smaller losses and bigger gains.
Is TradingView Premium Worth It?
So, is TradingView premium worth the cost for scalpers? Here are some pros and cons to consider:
Pros:
- More alerts for faster trade identification
- Ad-free experience for distraction-free trading
- Priority customer support for quick issue resolution
- Additional indicators for better trade analysis
- Backtesting and walk-forward optimization for strategy refinement
Cons:
- Cost: TradingView premium can be expensive, especially for new traders
- Limited customization options for some indicators
- Some features may not be useful for all scalpers
Table: TradingView Premium Pricing
| Plan | Monthly Price | Yearly Price |
|---|---|---|
| Pro | $14.95 | $149.50 |
| Pro+ | $29.95 | $299.50 |
| Premium | $49.95 | $499.50 |
Frequently Asked Questions
Q: What is TradingView Premium and how does it benefit scalpers?
A: TradingView Premium is a paid subscription service offered by TradingView, a popular charting and trading platform. For scalpers, TradingView Premium provides advanced features such as real-time data, ad-free charts, and priority customer support, which can improve their trading experience and performance.
Q: What are the key features of TradingView Premium that are particularly useful for scalpers?
- Intrabar backfilling: allows scalpers to view historical data within intraday bars, providing a more detailed view of market movements.
- Unlimited indicators and alerts: enables scalpers to create complex trading strategies and receive notifications when their conditions are met.
- Ad-free charts: minimizes distractions and allows scalpers to focus on their trading decisions.
- Priority customer support: ensures that scalpers receive timely assistance with any platform-related issues.
Q: Is TradingView Premium worth the cost for scalpers?
A: Whether TradingView Premium is worth the cost for scalpers depends on their individual trading volume, frequency, and style. If you’re a frequent scalper, the advanced features and improved performance of TradingView Premium may justify the additional cost. However, if you’re a casual scalper or on a tight budget, the free version of TradingView may suffice.
Q: Can I try TradingView Premium before committing to a paid subscription?
A: Yes, TradingView offers a 30-day free trial for new users, allowing you to test the Premium features and determine if they meet your scalping needs.
Q: Are there any alternative charting platforms that offer similar features for scalpers?
A: Yes, there are alternative charting platforms, such as Thinkorswim, eToro, and Sierra Chart, that offer similar features for scalpers. However, TradingView Premium’s unique combination of features, user-friendly interface, and large community of users make it a popular choice among scalpers.
Q: Can I use TradingView Premium in conjunction with other trading platforms?
A: Yes, TradingView Premium can be used alongside other trading platforms, allowing scalpers to leverage the strengths of multiple platforms in their trading workflow.
