Head-to-Head Comparison Between Tradingview and NinjaTrader in 2024

TradingView uses their own "pine" programming language which is cloud based and your limited on how many resources you can use. Thus your indicators and what you can do are also very limited.

NinjaTrader on the other hand is using local resources and thus you can create whatever you need. TradingView is putting limits on your trading and what you require and forcing you to trade inside a box isn't good and they do it because they are cloud based.

Take something as simple as our free news indicator for ninjatrader. Something like this would be impossible to do in TradingView's pine language. However having news events to warn you about upcoming news can be extremely useful. You might move stops up sooner, or hold off entering a position. A simple tool like this can potentially reduce risk by keeping you informed. It's something you can do with NinjaTrader.

TradingView will really fall apart in this category because they let you see a limited number of charts all at once. At the time of writing this article the max you can see is 8. That's if you're paying top dollar. If you have one of their more basic packages you'll probably only be able to see 1 or 2 of the charts at once.

NinjaTrader on the other hand will let you open as many windows as you want and as many tabs as you want. If you trade multiple markets this will become even more important.

TradingView has an app but the performance of this app seems to have tanked after reading recent reviews. People are complaining about a sluggish chart and even questioning what they are paying for in their subscription if the app can't be used.

On the other hand NinjaTrader doesn't even support and app and focus their dev cycles on their desktop product. I would actually agree with NinjaTrader on this because they will connect to other brokers. Eg. NinjaTrader doesn't have an app but Interactive Brokers (who NinjaTrader supports) does have an app. NinjaTrader doesn't need create the wheel again by creating an app as that would also take time away from their product development. Let the brokers create apps and do what they do best.

An app for NinjaTrader would probably be a disaster cause it could never be as feature rich as as their main platform so I hope they never try to attempt this path.

You would think any trading platform would have alerts - and both of these do. However TradingView sets limits on how many you can have. There is really no other reason for them to do this except to get users of theirs to spend more money. Can you imagine if you were only limited to 8 alerts?

Because TradingView is stopping alerts from being used, then you can only image all their other limits to which there are many. Eg, if you want to use range bars, your going to get bumped up a package. If you want to export your chart data, you will get bumped up to another package. This is why in our cost analysis we had to review the 59.95 package as that would give you most of the features.