TradingView vs Finviz
Many investors consider an online market information platform such as TradingView or Finviz to be an essential tool for trading. These two websites make it easy for traders to screen thousands of available stocks, conduct fundamental and technical analysis, test out trading strategies, and get new trade ideas – all in one place.
Day traders, in particular, like having the ability to use a stock screener to instantly identify stocks that meet specific criteria throughout the trading day. And all technical traders want access to a charting program that enables them to quickly look at multiple indicators applied to multiple timeframes.
TradingView, launched in 2011, began with a primary focus on its charting program rather than on stock screening. It did such a good job that it now licenses its charting software to major brokerage firms and other tool developers.
Its current emphasis is on its unique social network that offers investors the opportunity to communicate with tens of thousands of other investors across the globe. Investors share trade ideas, trading strategies, and their own custom-made indicators that other users can copy into TradingView’s charting program.
Finviz vs TradingView – TradingView Features
Each of the primary TradingView features is described below.
TradingView offers user-friendly screeners for trading stocks and currencies. Like Finviz, it offers traders a choice of multiple scanning filters, organized by category – descriptive, financial, and technical.
The TradingView stock screener has several more filter options than the Finviz screener but, like Finviz, the filters offered are fairly basic.
The other market screeners are a bit more limited than the stock scanner, but still include a wide range of scan filters, including the ability to detect chart patterns.
TradingView’s charting options are significantly more advanced than those available with Finviz. It offers:
- A choice of several chart types, including bar and candlestick charts, Renko charts, and Kagi charts
- Just about every imaginable chart drawing tool
- 100+ technical indicators – supplemented by several thousand custom indicators that have been created by members of the TradingView social network – including the ability to identify nearly three dozen candlestick patterns
- The ability to add fundamental indicators, such as profit margin, to charts
- Real-time price data on stocks, forex, and cryptocurrencies, and the ability to set up trade alerts
- A key extra that the charting platform offers is broker integration – the ability to place trades directly from TradingView charts to a stock market, commodity futures, or forex brokerage account.
The TradingView social network enables users to connect online with other traders and share trading ideas and strategies. The thousands of custom indicators and trading scripts that TradingView users have developed are organized by asset class and by type of indicator (moving averages, oscillators, etc.).
The platform’s “Editors’ Picks” feature highlights trading strategies, indicators, or market commentary that TradingView staff members have selected from among the contributions from users of the social community.
TradingView offers a wealth of news feeds. In fact, its home page is filled with the latest financial news. The charting program enables users to backtest a trading strategy using 15 years of historical price data. In addition to its screeners, it provides stock market and cryptocurrency heat maps. The available financial data includes the bond market, which is not achievable through Finviz. A convenience feature is its mobile app.
TradingView vs Finviz: TradingView Costs
Limited access to the TradingView screeners and social community is available for free.
There is a choice of three paid subscriptions that primarily differ by the number of indicators and trade alerts available to use, as follows:
- Pro, $14.95 monthly
- Pro+, $29.95 monthly
- Premium, $59.95 monthly
Finviz vs Trading View: Who is TradingView best for?
TradingView is best for those stock traders who want access to its superior charting program, complete with direct connections to brokers. It’s also a good choice if you want access to the widest range of financial markets – stocks, futures, bonds, forex, and cryptocurrency. Finally, its unique social community makes it perfect for traders who like getting trade ideas from other traders.
Finviz is one of the older online trading tools and platforms, with its launch data back in 2007. The fact that traders can access some of its stock screening and charting features for free has helped it to achieve widespread popularity, particularly among novice day trading investors – the site has, based on Similarweb, nearly 43 million visitors.
Finviz’ stock scanner is easy to use and enables traders to apply several fundamental and/or technical indicators. The site also gives investors access to futures, forex, and cryptocurrency market data.
Users that opt for a paid subscription – known as FinvizElite – can access more in-depth scanning and charting features, including the ability to backtest a trading strategy with historical price data, and real-time price data.
Finviz vs TradingView – Finviz Features
The following paragraphs provide a description of each of Finviz’ primary features.
The Finviz Stock Screener
The Finviz stock scanner divides the various screening filters it provides into three categories of indicators. Traders have the option to apply multiple filters from each of the categories to screen stocks. Thus, stocks can be screened for both technical criteria and fundamental analysis conditions simultaneously.
The three filter categories are as follows:
- Descriptive Factors – The descriptive scan filters cover basic financial information, such as market capitalization, offer several choices of volume analysis, and include other filters, such as dividend yield and the short float
- Fundamental Factors – There are nearly 30 fundamental analysis measures to choose from, including popular financial ratios such as price-earnings, return on equity, and price-to-cash-flow; also available are several different earnings per share (EPS) metrics, insider transactions information, and profit margin filters
- Technical Factors – There aren’t a wealth of technical analysis filters to apply – less than 20 – but traders can search for stocks exhibiting certain chart patterns, such as gaps, and customize moving average and trading range indicators
With a registered free account, you can save screening presets. The paid Finviz Elite version allows twice as many preset scans and the ability to further customize the filters, export screen data, and customize the Finviz layout.
The Finviz charting tools enable you to apply technical indicators to securities in the stock market, futures market, and forex and cryptocurrency markets. Free users have a choice of viewing securities on a daily, weekly, or monthly timeframe chart, and a choice of line charts or candlestick charts.
Chart analysis is very limited other than with a Finviz Elite paid subscription. The additional features that a paid membership unlocks include real-time data and price quotes, the ability to apply multiple, customized technical indicators, drawing tools, and the ability to view intraday timeframe charts. Paid users can also backtest their trading strategy, often using over 20 years of historical price data.
Finviz offers a news feed, divided into “News” and “Blogs,” that appears in chronological order. It’s one of the few sites where traders can easily access the latest posts from numerous financial information blog websites. The news feed draws from multiple financial news sources, including MarketWatch, Reuters, and Fox Business News.
Finviz provides a selection of stock market heat maps that include U.S. and international stocks, noteworthy stocks in various market sectors, and exchange-traded funds (ETFs). It also offers price and performance data on the futures, forex, and cryptocurrency markets.
There are three Finviz membership levels – a free account, a free registered account, and the paid Finviz Elite account.
A free membership allows only limited use of the site’s screening and charting programs. Registering a free account by providing your email address enables you to save preset scans and save stocks to a Finviz “portfolio”.
The paid Finviz Elite account – $299.50 yearly or $39.50 monthly – unlocks all the Finviz premium features, including the following:
- Create and save twice as many preset scans as are allowed with a free registered account
- The ability to export screen data
- Price, news, and ratings alerts, along with the ability to apply more customized scan filters, including positive/negative correlation between stocks
- Customize the site layout to suit your preferences
- Real-time price quotes and data
- Interactive charting with multiple technical indicators and drawing tools
- Backtest trading strategies, including strategy performance comparison to the performance of the S&P 500 Index
Finviz vs TradingView: Who is Finviz best for?
Finviz is best for traders who want access to a good stock screener and charting program, along with real-time data and price information on financial markets beyond the stock market, at a reasonably affordable price. However, traders who want extras such as more advanced charting options and the ability to place trade orders directly from a trading tools platform may not feel that Finviz meets all their requirements.
Finviz vs TradingView: Conclusion
There’s not a huge price difference when you compare Finviz vs TradingView – $39.95 monthly for Finviz Elite and $59.95 for TradingView’s Premium level subscription.
The two platforms both offer stock screeners, charting, and news feeds that can be valuable aids in spotting trading opportunities whether you’re day trading, swing trading, or investing for the long term.
Whether or not you want to pay the higher price for TradingView will likely come down to whether you want the significantly greater charting capabilitiesTradingView will likely come down to whether you want the significantly greater charting capabilities it offers, access to data from more financial markets, direct broker connections, and a more customizable stock screener.
However, if a basic screener, real-time stock market data, charting tools, and financial news adequately serve your trading needs, then Finviz is a perfectly acceptable choice.
Stock Analysis Software Guides
Is it worth paying for TradingView?
TradingView’s top level subscription may well be worth paying if you’re a day trader who wants advanced charting tools, a stock screener, broker connections, and interaction with other traders.
Is FinViz Elite worth it?
Investors consider focusing on the free version. Finviz Elite is worth it if you want to export data to excel, need real-time market data and if you want to backtest trading strategies.