Tradingview vs Altrady: In-Depth Platform Analysis

Tradingview vs Altrady

Tradingview and Altrady are two popular trading platforms offering a range of tools and services catered to novice and experienced traders. In this article, we will provide a detailed comparison of these two platforms so traders can decide which platform best suits their needs.

 

Tradingview is known for its robust charting tools, social features, and extensive customization options. On the other hand, Altrady offers a comprehensive solution for managing trades across multiple exchanges targeted, particularly at cryptocurrency traders. Both platforms have unique strengths and features that cater to different trader preferences and requirements.

 

Key Takeaways

  • Tradingview and Altrady are compared in various aspects like user interface, tools, pricing, and integration.
  • Tradingview excels in charting and social features, while Altrady is tailored for cryptocurrency traders.
  • Each platform has unique strengths, enabling traders to choose based on their preferences and trading styles.

 

Overview of Tradingview and Altrady

 

Tradingview and Altrady are popular and influential platforms catering to traders with different needs and preferences. This section overviews both platforms, focusing on their key features, supported markets, and support and community availability.

Key Features

Tradingview is a web-based trading platform that offers a wide range of features for traders, including interactive charting tools, over 100 pre-built technical indicators, and a scripting language called Pine Script for creating custom studies. Some standout features include:

  • Access from any device through a web browser
  • Sleek and modern user interface
  • Social networking features for traders to share ideas

Altrady is a multipurpose platform that focuses on providing a seamless trading experience for cryptocurrencies. Already offers several unique features, such as:

  • Portfolio and trading management across multiple exchanges
  • Advanced charting and technical analysis tools
  • Customizable alerts and notifications

Supported Markets

Tradingview supports various markets and asset classes, including stocks, forex, cryptocurrencies, futures, and indices. This extensive coverage suits traders with diverse interests and investment goals.

On the other hand, Altrady is dedicated to catering to the cryptocurrency market, connecting to multiple crypto exchanges, and offering real-time data for various coins. This specialization makes it an excellent choice for traders solely focused on the crypto market.

Support and Community Availability

Both Tradingview and Altrady have a strong emphasis on community. Tradingview offers a vibrant and active community where traders can share and discuss ideas, strategies, and insights. The platform also provides educational resources, webinars, and blog articles for users to learn and improve their trading skills.

Altrady also provides community and support for its users through social media channels, forums, and dedicated support teams. Users can join Altrady’s community to discuss strategies, share insights, and seek help with any issues they may face on the platform.

 

User Interface and Experience

 

Design and Navigation

TradingView and Altrady offer different approaches to design and user experience. TradingView is known for its simple and modern interface that is easy to use and navigate. The platform provides a clean and minimalistic design, allowing users to focus on chart analysis and market data. Charts can be customized with numerous indicators and tools to aid trading decisions.

On the other hand, Altrady provides a more robust and visually engaging environment with various features and tools. The platform combines portfolio management and trading capabilities in one place, making the navigation experience efficient. Users can quickly switch between different tools and sections while having the option to arrange their workspace according to personal preferences.

Customization Options

Both platforms offer a wide range of customization options for their users. TradingView boasts an extensive selection of chart types, indicators, and drawing tools that cater to different trading styles. It also supports the implementation of custom scripts using Pine Script, which gives traders the flexibility to create their indicators or strategies. This, in turn, enhances the overall user experience and caters to the specific needs of individual traders.

It, too, provides many customization features to make the platform more intuitive and user-friendly. Users can tailor their workspace with multiple chart layouts, color themes, and the ability to rearrange the dashboard elements. Additionally, Altrady subscribers can access advanced features such as automated trading, allowing more efficient trading strategies.

Mobile Accessibility

In today’s fast-paced trading environment, mobile accessibility is crucial. TradingView offers a mobile app for iOS and Android devices, enabling users to monitor their portfolios, view charts, and place trades on the go. The mobile app features many of the same functionalities as the web-based platform, allowing for a seamless user experience across devices.

While Altrady doesn’t have a dedicated mobile app, the platform’s mobile-friendly website enables users to access and manage their accounts from a smartphone or tablet. The company has mentioned plans to release a mobile app in the future, which would further improve its accessibility and user experience.

 

Charting and Analysis Tools

 

In this section, we will compare the charting and analysis tools offered by TradingView and Altrady side-by-side, covering their Technical Indicators, Drawing Tools, and Chart Types.

Technical Indicators

TradingView shines regarding technical indicators, offering a wide range of options for traders. With hundreds of available indicators, users can utilize them to analyze price movements and predict future trends. In comparison, Altrady also offers various technical indicators for its users, albeit with fewer choices than TradingView.

Some popular technical indicators supported by both platforms include:

  • Moving Averages (Simple, Exponential, Weighted, etc.)
  • Bollinger Bands
  • Relative Strength Index (RSI)
  • Stochastic Oscillator
  • MACD

Drawing Tools

Drawing tools are essential to any charting platform, enabling users to annotate charts for analysis manually. TradingView provides a comprehensive set of drawing tools catering to beginners and advanced traders alike. Some notable drawing tools include trendlines, support/resistance lines, and Fibonacci retracements.

Altrady offers a decent selection of drawing tools, although not as extensive as TradingView’s options. Nevertheless, users can still perform a satisfactory level of chart annotation with the available tools.

Available drawing tools for both platforms:

  • TradingView: Trendlines, Horizontal/Vertical Lines, Fibonacci Tools, Channels, Pitchforks, Gann Tools, and more.
  • Altrady: Simple Lines, Support & Resistance, Horizontal/Vertical Lines, Rectangles, Ellipses, and more.

Chart Types

Regarding chart types, both platforms cater to various trader preferences, from traditional candlestick charts to more advanced options.

TradingView supports an extensive list of chart types, including:

  • Candlestick
  • Line
  • Area
  • Bar
  • Renko
  • Kagi
  • Line Break
  • Point & Figure
  • Heikin Ashi
  • Hollow Candle

On the other hand, Altrady offers a more limited selection of chart types but still covers the primary preferences of most traders:

  • Candlestick
  • Line
  • Smoothed line

In conclusion, TradingView and Altrady offer various charting and analysis tools that cater to different trading styles and preferences. While TradingView holds a slight edge with more variety and enhanced customization options, Altrady remains a solid choice for traders who prefer a more straightforward and user-friendly platform.

 

Pricing and Plans

 

Free vs. Paid Options

TradingView offers a free trial for their Essential Plan, which costs $12.95 per month or $155.40 per year, saving users $24.00 annually. Their other paid plans, Plus and Premium, offer additional features and pricing options. The free version of TradingView provides essential charting tools and functionalities.

On the other hand, Altrady does not offer a free version. A comparison between the two platforms can be found on SourceForge, which shows that Altrady has different pricing options depending on the user’s needs.

Comparison of Included Features

TradingView:

  • Essential Plan ($12.95/month or $155.40/year): 2 charts per tab, five indicators per chart, 10K historical bars, 20 price alerts, 20 technical alerts, ten parallel chart connections, no ads, volume profile, custom timeframes, custom Range Bars.
  • Plus and Premium Plans: More advanced features include additional charts, technical indicators, and alerts.

Altrady:

  • Pricing and features vary depending on the subscription type:
    • Trading and Portfolio Management
    • Trading Signals
    • All-in-One Solution
  • Integration with multiple exchanges and trading tools for portfolio tracking, order management, and trading signals.

In summary, the Essential Plan from TradingView is affordable for users on a budget, while their Plus and Premium plans cater to more advanced traders. Already offers a variety of features and tools depending on the subscription type, making it a viable choice for those seeking a comprehensive trading platform.

 

Automated Trading Features

 

Backtesting Capabilities

Both Altrady and TradingView offer backtesting capabilities to help users evaluate the effectiveness of their trading strategies. TradingView utilizes Pine Script, a programming language designed to create custom indicators and backtest strategies. It allows users to test their strategy on historical data, providing valuable insights into the performance of their trading ideas.

Altrady, on the other hand, also provides backtesting features, but its capabilities focus more on the automated chart patterns aspect. Traders can use various pre-built algorithms to test their strategies and identify profitable trade setups.

Customization of Strategies

TradingView and Altrady both offer options for the customization of strategies. Users can create custom strategies using Pine Script on the TradingView platform, leveraging extensive documentation and community support. Moreover, TradingView has a vast library of pre-built indicators and strategies accessible to users to customize and tailor to their needs.

In Altrady, traders can customize their strategies through automated chart patterns and the selection of various base and quote currencies. While Altrady may not be as robust as TradingView in terms of customizability, its platform still provides a simple user interface for traders to create their custom strategies.

Algorithmic Trading Support

When it comes to algorithmic trading support, both platforms have different strengths. TradingView is known for its versatile Pine Script, which enables users to create unique algorithms and automate their trading strategies. With a large community of users sharing ideas and scripts, finding inspiration for your algorithmic trading strategy is much easier on TradingView.

On the other hand, Altrady focuses more on providing automated chart patterns to assist traders in identifying opportunities in the market. While it may not have the same level of customization as TradingView’s Pine Script, Altrady still offers valuable tools for those seeking to automate their trading strategies using recognizable patterns and signals.

In conclusion, TradingView and Altrady offer a range of features for automated trading, including backtesting capabilities, customization of strategies, and algorithmic trading support. Depending on individual traders’ specific needs and preferences, either platform can provide valuable tools for developing and executing successful automated trading strategies.

 

Integration with Exchanges and Platforms

 

Broker Integration

Regarding broker integration,TradingView and Altrady offer different options tailored to their users’ needs. TradingView enables access to several brokers like Interactive Brokers, TradeStation, and Tradovate, empowering users with seamless trading experiences on global markets for stocks, ETFs, and futures. On the other hand, Altrady focuses mainly on crypto trading and does not currently support integration with brokers.

Crypto Exchange Compatibility

Altrady is a clear choice when discussing crypto exchange compatibility, as it supports integration with various top-tier exchanges such as Binance, Coinbase Pro, Bittrex, KuCoin, and more. This lets users get real-time data and manage their portfolios from a single platform. Although TradingView provides crypto charting and some exchange integrations, the primary focus is on traditional markets such as stocks, commodities, and forex.

For instance, traders using TradingView can analyze charts from multiple exchange data sources. Still, they would need to manage trades directly on the exchange’s platform, unlike Altrady, which facilitates trading on integrated exchanges now.

Dex Aggregation

Already users have the advantage of managing their trades from decentralized exchanges (DEX) through external tools like 1inch wallet or other DEX aggregators. This feature allows traders to access multiple trading pairs and liquidity protocols without visiting each DEX individually.

TradingView, on the other hand, does not currently offer direct DEX aggregation,. Still, users can utilize the platform for charting and technical analysis for various DEX trading pairs by adding their respective symbols manually.

Overall, both platforms cater to specific trading preferences and integrate with respective markets, such as crypto exchanges for Altrady and brokers for TradingView. The DEX aggregation capabilities can be valuable for traders looking to trade decentralized assets. Altrady is a more suitable choice as it supports direct access to various trading protocols.

 

Frequently Asked Questions

 

Which platform offers more comprehensive technical analysis tools, TradingView or Altrady?

TradingView is well-known for its extensive technical analysis tools, offering various indicators and drawing tools. Already, while offering some technical analysis features, primarily focuses on portfolio management and trade execution. In terms of technical analysis tools, TradingView has an edge over Altrady.

How do TradingView and Altrady compare in terms of integration with popular cryptocurrency exchanges?

Altrady excels in integrating with popular cryptocurrency exchanges, allowing users to manage their trades and portfolios in one place. TradingView, on the other hand, functions mainly as a charting and analysis platform with limited integration for executing trades directly.

What are the key differences in user interface and experience between TradingView and Altrady?

TradingView has a clean, user-friendly interface, making it easy for new users to navigate and customize their workspace. Altrady’s interface focuses more on trading and portfolio management, providing helpful tools and resources for cryptocurrency traders. Both platforms are intuitive, but the user experience may vary based on individual preferences and needs.

Can Altrady match TradingView’s extensive charting capabilities?

While Altrady offers charting capabilities, they do not match the extensive charting features provided by TradingView. TradingView is an industry leader in charting tools, offering numerous chart types, timeframes, and drawing tools to enable comprehensive technical analysis.

Which platform suits beginner traders seeking to analyze and trade cryptocurrencies?

For beginner traders seeking to analyze and trade cryptocurrencies, TradingView might be more suitable due to its user-friendly interface and extensive charting tools. Already, while offering valuable tools for trade execution and portfolio management, may be more beneficial for experienced traders.

How do TradingView and Altrady differ in pricing and subscription plans?

TradingView offers more affordable pricing than Altrady, with monthly subscription plans starting at $14.95, $29.95, and $59.95. TradingView also provides a more extended free trial period of 30 days. Altrady’s subscription plans are comparatively more expensive but offer additional features such as trade execution and portfolio management. As with any platform, the value of the subscription depends on the user’s specific needs and preferences.

 

Conclusion

In the comparison between TradingView and Altrady, each platform has distinct advantages and use cases, catering to different types of traders.

TradingView is known for its wide range of asset classes, including cryptocurrencies. This platform appeals to traders seeking more flexibility in choosing their broker or those interested in trading multiple asset classes. Additionally, TradingView provides extensive charting tools, a well-known social network for traders, and a user-friendly interface suitable for newcomers.

On the other hand, Altrady focuses on cryptocurrency trading. It offers comprehensive portfolio management, real-time alerts, and customizable trading strategies. Already is ideal for crypto severe traders who seek advanced trading tools, such as its Break-Even Calculator and Quick Scanner.

As a final point, here is a brief comparison of key features that these platforms offer:

  • TradingView
    • Wide range of asset classes
    • Comprehensive charting tools
    • Integrated social network
    • User-friendly interface
  • Already
    • Crypto-focused trading platform
    • Advanced trading tools
    • Portfolio management
    • Real-time alerts

Both platforms have a dedicated user base, and their choice depends on individual trading goals, preferences, and chosen markets. It is always recommended to test the platforms before committing to either to determine the best fit for a trader’s needs.

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