To trade better in the financial markets, investors often use charting platforms with stock scanners that help filter stocks that match their criteria. Tradingview and Finviz are the most popular platforms that provide stock filters. The following article compares the pros and cons of Tradingview vs Finviz to help investors find a more suitable application.
Quick comparison between Tradingview and Finviz
Tradingview and Finviz are both platforms that provide stock analysis tools, including many similar features such as charts, backtest tools, stock filtering, access to real-time market data, set price alerts, and access to software on the web version.
However, TradingView is a bit more popular than Finviz. TradingView provides information from international stock markets (e.g., USA, Canada, HK, Australia, UK, India, Japan,…), Futures, Cryptocurrencies and Forex. Meanwhile, Finviz Elite only covers the US stock market, Futures, Cryptocurrencies and Forex.
What Is TradingView?
TradingView is a stock chart analysis platform launched in 2011 with free and paid versions. On TradingView, traders can view charts on different markets, including stocks, currencies, commodities, cryptocurrencies, futures or bonds. In addition, TradingView also provides a powerful social networking feature, which allows users to share and learn trading ideas and technical analysis with the global community.
TradingView provides powerful charting tools with various types of charts (candlesticks, bars, Heikin Ashi, Renko, Kagi,…) and various drawing tools (for example, Trendlines, Gann & Fibonacci, XABCD patterns, ….), and hundreds of indicators available in addition to thousands of indicators developed by the user on the platform. In addition, TradingView users can add fundamental analysis metrics to the chart (revenue, net profit, profit margin, revenue growth, etc.)
What Is Finviz?
Finviz is a stock research platform that provides its users with fundamental and technical analysis tools. Finviz also has both free and paid versions. Free users can access stock screening, quotes, and charts. Meanwhile, the paid version allows users to access ad-free intraday charts in real-time data, set price alerts, and view basic charts.
Finviz’s homepage provides an overview of the global market indices displayed in candlestick charts. In addition, Finviz provides detailed earnings information and critical stock market news.
Chart Options: Tradingview vs. Finviz
Both Tradingview and Finviz provide web-based charting platforms that make it easy for users to monitor charts online without the need to download or install additional applications.
Finviz has top-down analytics features that users really appreciate. The real-time quotes feature of the paid version of Finviz is also loved by traders. In addition, drawing tools and indicators also help Finviz users to improve chart analysis.
However, TradingView is considered comprehensive and offers better free charting tools. TradingView users can easily customize and add technical indicators at will.
TradingView’s chart is considered more user-friendly and modern in terms of appearance. Meanwhile, traders now consider Finviz’s version of the chart more classic.
Stock Screening: Tradingview vs Finviz
The stock filter tools from TradingView and Finviz work quite well. Users can easily find stocks based on various criteria such as volume, price, industry, industry, market cap, etc.
Finviz has a larger database of 7000 shares, while TradingView has only 5000 shares. However, TradingView has an advanced filter for the stock, forex and crypto markets. As such, TradingView has a more flexible filter for many different markets.
TradingView allows you to filter stocks only according to the available conditions. TradingView’s filters can help users find stocks via fundamental analysis or technical indicators, or both. Overall, TradingView’s filters are pretty good, but there is no feature to save scans for future use.
Finviz’s stock filtering feature is very different from similar platforms. It is quite flexible and easy to use, including the free version. Finviz users can enter other criteria for price, market cap, RSI, average volume, industry… Finviz filters allow users to save scans for later use. This feature saves time for users who frequently use this feature.
Price Alerts : Tradingview vs. Finviz
The price alert feature makes it easy for users to learn about essential changes in the market without sitting down and looking at the charts 24/7.
TradingView’s price alert feature is quite powerful. Users can set alerts based on price levels, indicators, custom conditions, or plotting tools. The quality is quite flexible, and users can select at least ten different price alerts and receive notifications via SMS, email, or an on-screen notification window. Finviz provides price alerts to users only via email.
Paper Trading
Paper Trading is a demo trading that allows investors to practice buying and selling, familiarizing themselves with the trading platform without using real money. Finviz’s backtesting feature works quite well. Paper Trading TradingView previously had many disadvantages, but it has been improved and valued better.
Compare Heat Map: TradingView vs Finviz.
Heat maps help traders get an overview of the market. Finviz offers a stock heatmap, while TradingView has a stock and crypto heatmap. Therefore, TradingView might be a better choice for traders in the cryptocurrency market.
News: TradingView vs Finviz
Traders, in addition to technical analysis on the charts, still cannot ignore the news when looking for investment opportunities. Both TradingView and Finviz provide news on the platform. Finviz updates news from CNN, Wallstreet Journal, Bloomberg and CNBC. Meanwhile, TradingView updates Yahoo! Finance news. Finviz has updates from multiple sources to get faster and more objective tradingview news.
Chat function on TradingView and Finviz
The chat feature allows investors to find people with similar investment opinions and more experience to share and learn from each other. In this feature, TradingView has a more prominent advantage because TradingView’s [Community] feature is quite active. Meanwhile, Finviz doesn’t have a chat feature on the platform.
TradingView and Finviz Mobile Applications
Currently, mobile applications are often affected by users because of their convenience and flexibility. TradingView is always appreciated for providing a full range of applications on iOS and Android. In contrast, Finviz does not yet have a separate mobile application. However, Finviz’s website is also considered mobile-friendly.
Compare TradingView and Finviz prices
Finviz and TradingView have free versions for users, but both have limited advanced features. Finviz has only one paid version, Finviz Elite, which costs $24.96/month. Meanwhile, TradingView has three paid versions with different prices, from $14.95/month to $59.95/month. TradingView users can use the premium plans for free, and after seven days, they can choose to use or cancel their subscription. For a non-specialized trader, the usage of TradingView’s most advanced packages is relatively high. However, TradingView users can easily select 1 of the 3 packages that suit their needs and financial capabilities.
Customer Support
Both TradingView and Finviz support clients through a tutorial and FAQ system. In addition, TradingView has the [My Support Ticket] feature and Finviz uses the [Contact Us] feature so that clients can submit support requests.
Conclusion
Overall, both TradingView and Finviz are two charting platforms with pretty good stock filters. Depending on the needs of each person can choose a more suitable platform. TradingView is ideal for traders who prefer a multifunctional, flexible and easily customizable instrument. Whereas, for a trader who just needs a primary stock filter and news updates, Finviz may be more suitable.