The most important weapon in the arsenal of a cryptocurrency trader is a powerful crypto charting tool.
Two of the most popular crypto charting sites are Tradingview and Coinigy.
This review compares Tradingview vs Coinigy to help you decide which one is best for you.
TradingView vs Coinigy Comparison Table
|Assets||Crypto, Stocks, Bonds, Forex, Metals||Crypto, Stocks, Bonds, Forex, Metals|
|Indicators||100+ prebuilt||100+ prebuilt|
|User interface||Simple and easy to use||Quite clunky|
|Alerts||Elaborate custom alerts||Simple price alerts|
|Pricing||Free plan available||No free plan|
Tradingview is a technical analysis and charting platform that is designed to help traders better visualize market data and develop meaningful trading insights.
TradingView has been around since 2011 and is designed by the same team behind the popular MultiCharts 12 online trading software.
With well over three million monthly users, TradingView is arguably the most popular charting platform for cryptocurrency traders—due in part to its highly intuitive user interface and market-leading social network platform.
On TradingView, users are encouraged to share their market insights, strategies and trade ideas through its social platform. This enables proficient traders to build a reputation for themselves while providing an archive of knowledge for less-experienced traders to benefit from.
TradingView users can also manage their orders through the trading panel.
Coinigy is available as both a web-app and a standalone mobile app to ensure traders are always connected and features real-time portfolio monitoring features and powerful automatic alert tools.
One of the key detail that differentiates Coinigy vs TradingView and its other competitors is its ArbMatrix tool, which allows Coinigy users to easily identify and capitalize on arbitrage opportunities between different exchange platforms.
Now that we have a brief overview of the two platforms, let’s see how they measure up in terms of core functionality.
At TradingView, there are 11 additional available chart types: bars, hollow candles, Heikin Ashi, line, area, and baseline charts are available to all plans, whereas premium subscribers can also access Renko, line break, Kagi, point & figure, and range charts.
Coinigy offers very similar options, albeit less of them. Beyond the default candles chart, Coinigy has just five additional chart options: bars, hollow candles, Heikin Ashi, line and area.
In terms of timeframes, TradingView is the better option for high-frequency traders and those that rely on the most up-to-date data, since it offers timeframes as low as 1 second, compared to a minimum of 1 minute for Coinigy.
For those interested in longer timescales, TradingView has a maximum timeframe of 1 year, whereas Coinigy has a 3 months limit.
Besides this, TradingView features a custom range setting option, which allows you to define a custom timeframe to apply. This can be used to apply timeframes of more than 1 month, whereas Coinigy only allows you to set custom timeframes of between 1 and 60 minutes.
If you are somebody that likes to make your charts stand out or easier to understand, then the range of customization options available will likely be a chief concern.
Fortunately, both TradingView and Coinigy have a variety of options to add a unique flair to your charts.
Both platforms allow you to change the color of the candles, borders, and wicks, as well as the background color and grid lines. You can also easily add a watermark to your charts on both platforms.
You can also draw directly on the chart on both platforms. Chart customizability is particularly important for those looking to share their charts and ideas on social media, or directly on TradingView or Coinigy.
When comparing TradingView vs Coinigy on the social front, it is clear that TradingView was built around the goal of sharing ideas and charts through its commonly used ideas platform, whereas Coinigy only recently added some social features in its recent V2 update—however, these are scarcely used by the Coinigy community.
Because of this, if you are looking to share your charts and technical analyses directly on the platform, TradingView is the obvious choice, whereas both platforms are well-fleshed out when it comes to chart options.
- Market-leading social trading platform
- Powerful custom timeframe options
- Most Japanese chart options are premium-only features
- Social platform isn’t easy to navigate
- Good customization options
- All chart types available regardless of account type
- Very limited social features
- Limited chart types
Indicators and scripts
However, despite this, the most commonly used indicators are found on both platforms, including Bollinger bands, correlation coefficient, Ichimoku cloud, MACD, relative strength index, stochastic RSI and various moving averages.
Although the vast majority of users will be looking to use only the built-in indicators, those with more complex or specific requirements may need to use additional scripts to add desired functions.
Fortunately, TradingView gives users the ability to write custom scripts in a simple programming language known as Pine Script.
TradingView also provides a comprehensive guide to help traders get to grips with Pine Script, including several tutorials on how to build several basic strategies.
Scripts created by other users can be found in the TradingView public scripts library. These scripts can be used on all TradingView account types.
As it stands, Coinigy does not support custom scripts, so you will be limited to the indicators that are built into the platform. However, Coinigy reviews customer feedback regularly and frequently adds to the list of default indicators available.
Regardless, if running custom scripts and scanners is an absolute necessity for you, then TradingView is your only choice.
Besides featuring a huge number of indicators and scripting functionality, TradingView also allows backtesting for all default and custom indicators.
This is an essential tool for traders looking to validate strategies against historical data, identifying situations where it could provide a trading advantage.
Coinigy, on the other hand, completely lacks backtesting tools, but does allow users to access historical data.
Overall, TradingView beats Coinigy in practically every area as far as indicators, scripts, and strategies are concerned.
- Backtesting available even for free accounts
- Huge library of custom scripts available at no extra cost
- Innovative bar replay feature
- Many public custom scripts are broken
- Pine Script can be daunting to non-coders
- All major indicators are available as standard
- Apps and plugins offer extended capabilities
- No backtesting functionality
- Complete lack of custom script support
- No indicator on indicator support
Price alerts and custom notification
Arguably one of the most important features of any market tracking platform is its ability to deliver automatic alerts based on custom criteria.
These can ensure that traders never miss an opportunity again, while also helping investors better protect their portfolio in a declining market.
Both TradingView and Coinigy give you the option to set price alerts based on a variety of conditions. Both platforms offer SMS, e-mail and in-browser alerts, whereas TradingView also offers push notifications and webhooks—ideal for those looking to automate their trading process, e.g. with Zapier.
TradingView allows you to set alerts based on 13 different conditions for both price and volume changes, these conditions include crossing up, crossing down, entering channel, exiting channel and percentage movements.
Thanks to its compatibility with Pine Scripts, TradingView users can also set highly complex custom alerts, e.g. this script which automatically provides alerts if a death cross or golden cross is detected.
TradingView allows these alerts to be delivered even when the app isn’t running. The number of server-side alerts you can receive depends on your account type, with basic accounts being limited to 1 server-side alert per month, compared to up to 200 for premium accounts.
Coinigy offers far less numerous alert options but does allow you to select which exchange the alert applies to and provides some default alert options, including all-time high, monthly low, and all-time low.
Because of this TradingView is likely best for those where ultra-specific notifications are important, while Coinigy will suit those just looking for standard price alerts.
- Powerful, customizable alerts with 13 different alert conditions
- Scripts allow alerts to track practically any scenario
- No preset alert options, everything must be customized
- Limited server-side alerts on most plans
- Useful preset alert options
- Exchange-specific alerts can help identify arbitrage opportunities
- Limited alert customization options
- No webhook or push notification options
In terms of variety, TradingView has more pricing options than Coinigy, which gives traders more control over which features they are willing to pay for.
On TradingView, subscription prices start at $14.95/month for the Pro plan, which will get you up to 2 charts per tab, a maximum of 5 saved chart layouts, and a limit of 5 indicators per chart.
For $29.95/month you can get the Pro+ membership which brings with it even more indicators and saved chart layouts, plus the ability to export chart data and create custom chats.
The top-end Premium plan comes in at $59.95/month and adds support for 5 simultaneous devices, second-based intervals, first priority customer support and more.
Customers can also get a 16% discount for paying for a year upfront.
On the flip side, Coinigy keeps things simple with just two subscription options. The Pro Trader plan comes in at $18.66/month when purchased annually, whereas the API Developer Pro option is $99.99/month.
The Pro Trader and API Developer Pro plans are practically identical in most respects, e.g. both offer 24/7 automatic portfolio monitoring, unlimited API accounts and access to the ArbMatrix app, but the $99.99/month option also adds priority support, as well as Coinigy CryptoFeed and Enterprise API Access.
- 16% discount for annual payments
- 30-day free trial available
- Pro plan is cheaper than Coinigy’s Pro Trader plan
- Multiple devices only supported on Pro+ and Premium plans
- Japanese chart options unavailable to Pro customers
- Limited number of server-side alerts on most plans
- Almost all features available on the cheapest plan
- 30-day free trial available
- Pro Trader plan is excellent value for money
- Coinigy CryptoFeed only available on $99.99/month plan
- More expensive than TradingView
- Developer plan is expensive
What are some good alternatives to Coinigy and TradingView?
Though there is little doubt that Coinigy and TradingView are the market leaders in the charting and market analysis space, they are far from the only options available.
Though TradingView reviews are generally outstanding, and despite Coinigy’s huge growing fanbase, both platforms are not perfect, since both platforms have their pros and cons.
Because of this, it is worth considering some of the lesser-known competition.
Unlike TradingView and Coinigy, NinjaTrader is mostly designed for futures, forex, stocks and CFD traders. Beyond being a charting and marketing analysis platform, NinjaTrader is also a fully-fledged trading portal, providing discounted brokerage services for forex and futures traders.
Like most charting platforms NinjaTrader allows you to better visualize the market with a variety of indicators and algorithms and also features advanced trade simulation and backtesting tools.
NinjaTrader is also compatible with thousands of third-party trading indicators, strategies, and apps, allowing you to massively expand its capabilities.
One of the key benefits of NinjaTrader is that practically all of its features are available 100% free of charge. However, free accounts must use the NinjaTrader brokerage, while premium plans can select from a list of supported brokerages.
Besides this, NinjaTrader can be leased for $720 per year or a lifetime license can be purchased for $1099.
- Free to use with the NinjaTrader brokerage
- Huge range of thirty-party apps
- Expensive licensing costs to use own broker
- Not designed for spot traders
Initially launched in 1996, Sierra Chart is one of the oldest and most well-reputed trading and market analysis tools around.
Sierra Chart allows you to create customized, advanced charts for any market which are updated with real-time price data. These can be based on various timeframes and benefit from well over 400 built-in technical indicators and studies.
In addition to being a highly capable technical analysis platform, Sierra Trade also features advanced trading functionality allowing users to manage their orders and portfolio directly within the app.
Although Sierra Chart has a clearly retro aesthetic, don’t let this fool you into thinking it is out of date. In fact, Sierra Chart is constantly updated, with new studies, order options and improvements being added regularly.
In terms of pricing, Sierra Chart has two premium service packages named Service Package 3 and Service Package 5, these come in at $26/month and $36/month respectively, with an additional discount for paying for several months upfront.
- 15-day free trial available
- Huge variety of studies and indicators available
- Advanced order functions, including trailing stops and scale-in/scale-out options
- Desktop only client, no web app version
- Extremely clunky and unintuitive to use
- $36/month Service Package 5 offers little additional value
Unlike all of the other market analysis and trading tools mentioned, Cryptowatch is exclusively designed for bitcoin and altcoin traders. The tool receives live price data via API, covers over 3,000 markets and features impressive charting tools—including a variety of chart types, dozens of indicators and extensive alerts functionality.
Cryptowatch also features an impressive portfolio viewer, while the Pro option enables Zapier integration, allowing you to automatically execute trades based on pre-defined criteria.
Cryptowatch has a free to use option, which doesn’t support trading or portfolio management, but does offer in-browser alerts and charting features. Trading features, SMS alerts and more can be unlocked by signing up for the $15/month basic package or $75/month pro package.
- Low $15/month fee for the basic plan
- Kraken users can use the Cryptowatch trading interface for free.
- Supports all major cryptocurrency exchanges
- Only supports cryptocurrency exchanges
- Lacks email alert options
- Pro plan offers little additional value for most traders