Our earlier post contains a basic concept regarding Tradingview charts on Zerodha Kite. Nowadays the charting platform is being used by many of the discounted brokers in India including Zerodha. Here, we’re going to explore the TradingView charts review with Zerodha and Fyers. In both of the brokerage firms, users can use the analysis tool FREE of cost. Tradingview is a renowned charting platform in the world, with multiple advanced tools in one frame.
Why the Tradingview is so Popular?
In the year 2012, the charting software was released for both beginners and experienced traders. Its cloud-based charting tools give the ability to collaborate with other traders online. Market fluctuations, charting view, stock screener, etc are some of its well-known features of it. The details are given below.
Review of the Tradingview Charts on the Basis of Features
Though the features are described before, here a brief description is given:
HTML5 Charts
According to the requirement, one can create simple multiple dynamic charts which track multiple markets. The chart drawing facility is also available here.
Broad Coverage
The trading coverage is quite big. You can have access to multiple trading exchanges.
Customized Analysis
For advanced traders, the customized technical analysis tool is available.
Multi-Time Frame
From the layout option, you can open a multi-timeframe chart.
Side by Side Review of Zerodha and Fyers Tradingview Charts
As I’ve stated above that many of the discounted brokers adopt the Tradingview settings as their charting platform. Not all brokers provide all the facilities or features of Tradingview. This article will give a prominent overview of Zerodha and
First, we will pick Fyers Trading View Charts Review.
TradingView in Fyers
Special Features (Advantages) of Fyers Tradingview
Multi-Chart Setup
In
Trading from the Chart
Here, traders need not check orders from their order book. They can place, modify, cancel and monitor orders from the chart.
Price Ladder Trading
The facility is a game-changer for intraday traders. Before punching orders, traders can now visualize price action.
Advanced Charts
The advanced charting platform provides 70+ indicators, 300+ interactive icons, historical EOD data of 20 years, dozens of drawing tools etc.
Apart from the above benefits, there are a few more:
- It has a depth of the market window.
- The floating buy/sell panel is there.
- One can change the theme to dark or white.
- An unlimited watch list is given.
Limitations of Fyers Tradingview
- Fyers only has the TradingView charting platform setting by default. So, there is no choice option available here.
- Fyers is still not getting the caption of the best discount brokerage firms in India. So, it is less popular.
- The speed is not so fast here in comparison to other discount brokers.
Now, we will bring the Zerodha Tradingview charts to review.
TradingView in Zerodha
As Zerodha recently launch the Tradingview product, It will take some time to develop the tool. As a firstcomer, we can say that Zerodha is performing really well. To get a proper review, we have to discuss both advantages and limitations.
Special Features (Advantages) of Zerodha Tradingview
Multi-Time Frame
From the layout options, traders can open multi-timeframe charts. After opening the layouts, traders can choose charts as per their requirements. So, there are multiple layout options available here. Traders can choose according to their preferences.
Redo-Undo Facility
This is one of the most useful as well as important features of Tradingview. Sometimes, traders are messing up the charts by placing the wrong trend line and technical indicators which don’t make any sense. In most of the charting software, traders have to delete it by themselves manually but here they may undo or redo it.
Visibility Benefit
It is also one of the most vital features. The specific setting helps to visualize a certain drawing only for a certain period of time.
Go to Date
Sometimes, if traders want to figure out how the stock price behaved on a certain date and time, they have to scroll through the charts but here, you need to only put the date and time. The exact candle will automatically come up.
Besides the above-mentioned points there are also some other advantages:
- In Zerodha Kite, a switching option is available. There are two options available in Zerodha Kite, ChartIQ
and Tradingview, One can choose as per their choice. - The chart is much faster here.
- Zerodha (India’s Top 1 Discount Broker) has quite a popular trading tool. The brand image helps to popular the Tradingview tool.
Limitations of Zerodha Tradingview
- Zerodha has no order placement or modification facility on charts.
- There is almost no depth of the market window.
- Available time frames are limited in comparison to other discount brokers.
- There is no floating-buy-sell panel and no dark theme and an unlimited watch list is available here.
- There is no code-writing option available.
Conclusion
So, these are the review details of Zerodha and Fyers Tradingview. Overall, Zerodha and Fyers provide high-quality Tradingview charts with a range of analytical tools. They offer excellent overall performance for both new investors who need basic analysis functions as well as more experienced traders looking to take advantage of comprehensive charting features. The addition of automated trading on the charts makes it one of the most convenient platforms available, making it worthy of consideration when you are determining which broker is right for your trading needs.
