Crypto charting tools are one of the essential items for cryptocurrency traders. These analytical and intuitive tools allow crypto traders to monitor market fluctuations, to compare the past with current prices and to predict future market movements.
Tradingview and Coinigy are two of the leading charting sites/apps for virtual currencies. Here is a review of both tools, as well as a comparison.
TradingView vs Coinigy Comparison Table
|Year of launch||2011||2013|
|Headquarters||New York, NY||Milwaukee, Wisconsin|
|Cryptocurrency Screener||Available||In production|
|Social media screener||Available||In production|
|Arbitrage viewing||Not permitted||Permitted|
|Customized Scripts||Available||Not available|
|Fees||Free – $59.95 per month||Free 30-day trial – $99.99 per month|
|Buy||Try Now||Try Now|
Coinigy vs TradingView: Background
Tradingview is a charting and technical analysis tool used by traders to better visualize market data and draw useful and actionable trading insights. Traders can use the all-rounded, feature-rich platform to analyze bonds, stock, currencies, commodities, indices, cryptocurrencies, CFDs, and futures. The New York-based company was launched in 2011 and allows users to learn and share technical data and analysis and also collaborate with other traders.
TradingView is designed by the team behind MultiCharts 12 online trading software. TradingView is the industry’s most popular charting software, with more than 3 million users per month. The platform has a number of standout features, including a social networking platform that is market leading and an intuitive interface.
TradingView allows users to share their trade ideas, market insights, and strategies through social media platforms. This gives professional traders the opportunity to showcase their expertise and improve their reputation, while novices and traders with less experience can benefit from the free knowledge archive.
Coinigy, a platform for charting and analysis of the market that lets traders manage multiple accounts on more than 12 cryptocurrency exchanges from a single application. It is similar to TradeView, but has some unique features which allow it to stand out. The ArbMatrix is a key feature of Coinigy that sets it apart from its competitors. It allows users to identify arbitrage opportunities and take advantage of them between exchanges.
Coinigy allows traders to chart crypto exchanges and markets from one app.
Charting tools are very important in any online trading ecosystem. Both TradingView and Coinigy have candlestick charts with a variety of other chart features that can be selected manually. However, TradingView offers HTML5 charts, which allow users to choose from more than 50 intuitive drawing tools. TradingView’s support for multiple markets allows traders to diversify their portfolios and better manage and analyze trends.
TradingView offers 11 different types of charts: Renko charts, Line Break charts, Kagi charts, Point & Figure charts and Range charts.
TradingView offers a platform for news that allows users to mine the data and conduct fundamental analysis.
Coinigy offers charts that are very similar, but with a few fewer choices. Coinigy also offers other charts, such as area, Heikin Ashi and hollow candles. Coinigy provides a streamlined service and lets users trade multiple cryptocurrencies, unlike TradingView which only supports the most popular ones.
Coinigy offers more streamlined services, and lets users diversify their trades with different cryptocurrencies as opposed to TradingView which only shows the major currencies. Coinigy’s HTML5 is superior to TradingView HTML5. Users can trade across multiple platforms and integrate charts.
Coinigy allows users to access multiple exchanges and compare prices. This helps them to benefit from price disparities. Coinigy users can access 11 exchanges directly through the platform.
Indicators and scripts
Going by numbers, TradingView offers 100 in-built indicators compared to Coinigy’s 75. That said, however, both platforms offer the most commonly used indicators including Bollinger bands, stochastic RSI, relative strength index, Ichimoku cloud, and correlation coefficient among others.
Many users may only use the built-in indicators. However, those with specific or complex trading requirements will need additional indicators. TradingView appears to be the winner in this respect, as it allows you to customize scripts (also called Pine Script) with only a few simple steps.
TradingView provides a guide that includes videos and tutorials to help you learn Pine Script. Users can even access the public script library to find scripts that other users have created.
TradingView is a good choice for users who run custom scanners or scripts. TradingView offers a wide range of scripting and indicators. They can also perform backtests for custom and default indicators to test strategies and find trading opportunities.
Custom notifications and price alerts
A key feature of any market tracking platform is the ability to offer real-time automatic trade alerts based on predetermined criteria. These are especially to traders with busy schedules that find it hard to sit before a computer to manually scan charts.
Trading alerts help traders not to miss out on any trading opportunities, and they also safeguard their investments in case of market decline. Both TradingView and Coinigy users can create price alerts that are sent via emails, SMSs, browser notifications, audio signals and visual popups. TradingView also offers webhooks, notifications and other features that can be used to automate the trading process.
There are many conditions that traders can use to set alerts, including the percentage movement, channel entry, channel exit, cross-up, and cross-down. TradingView allows users to set complex alerts by using Pine Scripts.
Users of TradingView can receive alerts when the application isn’t running. The alerts will be delivered according to the account type.
Coinigy lets users choose which exchanges they want to receive alerts for and offers default options such as all-time-high, all-time-low, and monthly-low.
While both TradingView and Coinigy have capable free versions, users seeking improved capability may pay a subscription fee to access a full range of available premium features.
TradingView offers a free trial tier that is accessible for 30 days. This tier allows you to create 1 chart for each layer. This tier is $9.95 per 2-year cycle of billing or $14.95 monthly. The Pro tier includes 10 server-side notifications, two charts per layout and five indicators for each chart.
TradingView offers a Pro+ subscription for $29.95 per month or $19.95 annually for a two-year cycle. This tier allows users to access four charts per layout, and use up two devices at once. Pro+ subscribers get up to 30 alerts per chart and 10 indicators.
TradingView’s Premium Package is available for only $59.95 per month or $39.95 monthly for a two-year billing period. Users can enjoy unlimited trading with the package.
Coinigy has three plans with only two being paid. All three plans offer a free 30-day trial, during which users have access to all features of the Pro Trader Plan which costs $18.66 a month. This plan includes a mobile application, 24/7 portfolio monitoring, access to third-party charts, multiple chart layouts, among others.
TradingView and Coinigy have invested well in their customer support systems. For instance, Coinigy has lined up several tutorials to help users navigate through the platform. The platform also offers support in email, social media platforms, and mobile phones. Coinigy has more than 18,000 followers on Twitter. All Coinigy users access the same email support regardless of their subscription package.
Both platforms seem to realize the importance of having user-friendly layouts and designs, especially for loaded and heavy websites. They have built simple and intuitive designs that allow seamless trading.
TradingView offers an analytical sharing tool to help new users access signals quickly and accelerate their learning curve. Coinigy and TradingView’s mobile apps allow for mobile trading. Users can enter trades and track prices from the app. The apps are available for both iOS and Android.
The Security of Your Own Home
Security is a key factor in online trading. The cryptocurrency, in particular, has made headlines in the past years due to security breaches that have led to loss of millions in investor’s crypto assets. Hacking and scammy Ponzi schemes have tainted the already fragile infant industry that is still struggling to gain full acceptability.
Coinigy is equipped with key security due to the fact it connects to many exchanges. It also offers special tools to track all the coins in your crypto wallets.
TradingView offers a bounty to reward people for reporting security flaws on their platforms. This is an easy way to identify security issues from the users’ perspective based on their experience. Coinigy, as well as TradingView, use two-factor verification.
Alternatives to Coinigy TradingView
Coinigy and TradingView operate in an already crowded market with key competitors including;
- Sierra Chart
This is the full list we came up with a few years ago of ‘s best TradingView alternative. Many would say that Top Crypto Bots such as Bitcoinhopper or Bitsgap can also be considered a TradingView alternative, as they allow manual trading and integration with top crypto exchanges.
NinjaTrader is mainly designed for trading forex, futures, CFD, and stocks. In addition to charting, NinjaTrader is also a trading portal offering brokerage services for futures and forex. The platform has a variety of algorithms and indicators in addition to backtesting and advanced trade simulation tools.
NinjaTrader offers two options for subscriptions: an annual package at $720, and a lifelong license priced at $1099. It also has thousands of apps and trading strategies from third parties, as well as integrations with the platform.
Sierra Chart has been in the industry since 1996 making it one of the oldest and most reputable trading and market analysis platforms. Sierra Chart users can use the platform to create customized, and advanced charts to suit any market that displays real-time price data.
The user can tailor their experience using more than 400 technical studies and indicators, as well as different timeframes. Sierra Trade’s advanced trading capabilities include advanced market analysis, as well as the ability to manage orders and your portfolio through a mobile application.
Platform offers two service packages at a premium price of $26/month for Service Package 3 or $36/month for Service Package 5.
Cryptowatch is a market analysis tool that supports over 27 crypto exchanges. As opposed to previous market analysis tools we have discussed, Cryptowatch serves exclusively bitcoin and altcoin traders. This creates some form of specialty but on the flip side, it limits traders’ choices.
TradingView and Cryptowatch are two different software programs. Cryptowatch offers traders access to more than 8,500 markets, as well as a wealth of features, including alerts, indicators and chart types.
Users have the option to sign up for a free package or premium packages that cost $15/month (basic package) and $75/month (pro package). They now have pay as you go pricing with most core functionality free: EG Charting/Analysis/Trading. Only paid options today are alerts (1 cent each) and API data: https://cryptowat.ch/pricing
They support a wide range of stock and commodities markets in places such as FTX.
Coinigy allows you to consolidate all of your exchanges, wallets and other accounts.
TradingView is an online trading platform and social network that revolves around the market. It is a platform that aims at bringing…
What is better than TradingView?
TradingView is one of the most popular trading and market-analysis tools for the cryptocurrency industry.
Do you really trade with TradingView?
TradingView offers users the ability to trade multiple instruments on other platforms, in addition to charts.
Does TradingView have a free edition?
Yes. TradingView is a limited package with only three indicators, one alert and a layout.
Does TradingView really deserve the price?
TradingView provides advanced charts and tools for market analysis that give users the best value.
Which is better, TradingView or Coinigy for trading?
TradingView, while offering almost identical services to Coinigy, offers more sophisticated features that allow users a personalized and refined trading environment.
To become a coveted and successful trader, it takes patience, time, and effort. With the right tools you can reduce the learning curve. TradingView and Coinigy have been the leaders in the market for a long time.