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TrendSpider vs. TradingView: Which One Should You Actually Use?

· 5 min read
Pineify Team
Pineify Team

So you're trying to figure out whether to use TrendSpider or TradingView? I get it - there are tons of trading platforms out there, and these two keep coming up in conversations. I've spent time with both, so let me break down what each one is actually like to use.

TrendSpider vs TradingView comparison

What's the deal with each platform?​

TrendSpider is basically the platform for people who want their charts to do more work for them. It's really good at automatically spotting patterns and trends that you might miss. Think of it as having a really observant trading buddy who never gets tired of staring at charts.

TradingView is more like the social media of trading platforms. Sure, it's got great charts, but what makes it special is the community. You can see what other traders are thinking, share ideas, and there's always someone streaming their trades live.

Here's how they actually compare​

Let me be honest about what each platform does well (and not so well):

Chart pattern recognition: TrendSpider wins this hands down. It'll spot head and shoulders, triangles, and other patterns automatically. TradingView can do some of this, but you'll mostly be drawing your own lines.

Community stuff: TradingView is where it's at. You can follow other traders, see their ideas, join live streams, and basically learn from people who've been doing this longer than you. TrendSpider? Not so much - it's pretty quiet over there.

Testing your strategies: Both platforms let you backtest, but they do it differently. TrendSpider makes it pretty straightforward - you can test things without needing to code. TradingView has more power if you know Pine Script, but it's got a steeper learning curve.

Connecting to your broker: TradingView lets you actually place trades through some brokers. TrendSpider doesn't - you'll need to switch to your broker's platform when you want to buy or sell.

What markets you can trade: TradingView covers pretty much everything around the world. TrendSpider focuses mainly on US markets, plus some crypto and forex.

The price tag: This is where it gets interesting. TrendSpider starts at $39/month, which isn't cheap. TradingView's basic paid plan is $14.95/month, and honestly, their free version is pretty usable too.

The TradingView limitation that everyone complains about​

Here's the thing about TradingView's free plan - you can only use two indicators at once. If you're doing any serious technical analysis, that's not enough. You'll find yourself constantly swapping indicators in and out, which gets old fast.

But here's something cool I discovered - there's this tool called Pineify that basically solves this problem. Instead of paying for TradingView's expensive plans, you can use Pineify to create custom indicators that combine multiple indicators into one. It's like a workaround that actually works.

Pineify Pine Script Editor

The best part? You don't need to know how to code. Pineify has this visual editor where you can drag and drop different indicators together. I've used it to create some pretty complex setups that would normally require multiple indicators, but they all show up as just one on TradingView.

Pineify visual indicator builder

You can check it out at Pineify.app if you're curious. Here's a full rundown of what it can do.

So which one should you pick?​

Look, it depends on what you're actually trying to do:

Go with TrendSpider if:

  • You want the platform to do more of the pattern recognition for you
  • You're focused mainly on US markets
  • You don't mind paying more for automation features
  • You prefer working alone rather than following what other traders are doing

Go with TradingView if:

  • You want to learn from other traders and see what they're thinking
  • You trade international markets
  • You're okay with doing more manual analysis
  • You want to start with something cheaper (or free)
  • You might want to actually place trades through the platform

My honest take​

If I had to pick just one, I'd probably go with TradingView. The community aspect is huge - there's so much you can learn just by watching what experienced traders are doing. Plus, with tools like Pineify, you can get around the indicator limitations without breaking the bank.

TrendSpider is solid if you're already experienced and want to automate more of your analysis. But for most people starting out or looking to improve their trading, TradingView's combination of good charts, community features, and reasonable pricing makes more sense.

That said, both platforms offer free trials, so honestly? Try them both and see which one feels right to you. What works for me might not work for you, and that's totally fine.