Ramazan Eles 
5 The Best Charting Tools For Crypto Traders – 2024!! Choosing the right crypto charting software is crucial for successful crypto trading. We’ve done the research and compiled a list of reliable options with features tailored to your needs. Each crypto charting software was evaluated on features, ease of use, cost, free crypto charts with indicators, compatibility with different exchanges, online accessibility, free trials, and customer service. Whether you’re a seasoned trader or just starting out, this article will help you find the perfect platform for your crypto analysis.
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1. TradingView
TradingView reigns supreme with its extensive charting tools, vibrant community, and accessibility. Combining exchange prices in one platform streamlines real-time price tracking. The active community helps both novice and seasoned traders by sharing ideas and indicators. Initially designed for equities and ETFs, TradingView now boasts comprehensive crypto coverage, including financial derivatives like CFDs and futures. TradingView is accessible via mobile app, desktop software, and web browser, making it versatile for any device. Additionally, it seamlessly integrates with various trading platforms, allowing you to open positions directly from the software.
TradingView provides some of the most powerful features available for trading, investment, and analysis. The Basic Plan offers several free charting tools, but subscriptions like Pro, Pro+, or Premium unlock enhanced features like numerous charts, custom timeframes, real-time data, advanced chart types, and data exports. It caters to various charting styles and analytical needs, offering multiple chart formats, timeframes, technical indicators, trading volume data, and research tools. Users can even employ advanced sketching tools and switch between light and dark modes for optimal visualization.
2. MetaTrader 4
Since 2005, MetaTrader 4 has been a popular choice for both beginner and professional traders due to its extensive customization options. It goes beyond basic web-based systems by allowing you to chart both traditional markets and cryptocurrencies. While its interface might seem simple at first glance, it hides a wealth of trading opportunities. With robust charting features and broad market support, MetaTrader 4 shines for experienced technical traders. Its abundance of features, including algorithmic trading options, makes it worthwhile for those willing to learn the ropes. However, there is a learning curve involved.
Experienced traders can gain deep market insights with MT4’s powerful analytics features and crypto technical analysis tools. Additionally, you can construct custom trading indicators using the proprietary MQL4 programming language. Expert Advisors (EAs), essentially trading robots, automate your trading. EAs evaluate market quotes and execute trades based on preset algorithms. TradingSignals is another feature that facilitates copy trading. Profitable traders can share their trades for free or cheaply, allowing others to follow their lead. Choosing signal providers and replicating their trades directly from the platform is simplified with the Signals tab. It’s safe to say MetaTrader is a top contender for mobile crypto charting, used by millions daily.
3. CryptoView (Charting Tools For Crypto)
CryptoView provides a well-designed framework for charting crypto across multiple exchanges. Its unique interface sets it apart by allowing you to synchronize several cryptocurrency trading accounts and wallets into a single hub. This makes it equally beneficial for seasoned traders and newcomers to the crypto world. CryptoView streamlines portfolio management by centralizing exchange accounts and offering TradingView’s sophisticated charting features. It provides a comprehensive picture of your cryptocurrency holdings, making it ideal for traders using various exchanges.
With its user-friendly approach, CryptoView caters to both novice and experienced cryptocurrency traders. Creating an account is simple, taking just a few clicks. Additionally, the platform offers a 30-day free trial, giving you ample time to familiarize yourself with the features and decide if it suits your needs.
CryptoView supports a large portion of all major cryptocurrency exchanges. You can trade on around 30 exchanges, including Binance, Binance US, Bitfinex, Bitstamp, Bittrex, BitMex, Coinbase, CoinbasePro, CoinEx, HitBtc, OKeX, Huobi, Kraken, KuCoin, Poloniex, and CEX.io, thanks to advanced order types and automation. Notable supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Stellar (XLM), Ripple (XRP), Litecoin (LTC), Ethereum Classic (ETC), Ethereum Tokens (ETHT), Dogecoin (Doge), Cardano (ADA), and Dash.
4. CryptoWatch (Charting Tools For Crypto)
CryptoWatch simplifies tracking cryptocurrencies across multiple exchanges with its user-friendly interface, real-time market data, and best crypto charting tools. It provides all the functionality needed to track cryptocurrencies, making it a valuable tool for traders and investors. Its partnership with Kraken ensures reliability and security when handling cryptocurrency assets.
CryptoWatch utilizes a clean and minimalist design, emphasizing functionality over visual clutter. It aims to provide traders with all the tools they need to gain deep insights into market movements, various cryptocurrency pairs, and on-chain trading volumes. Key features include:
- Multi-exchange support: Trade on major exchanges like Binance, Kraken, and Coinbase directly within the platform.
- Real-time market data: Get live updates on prices, order books, and trading activity.
- Advanced charting tools: Utilize a wide range of technical indicators and drawing tools for in-depth analysis.
- On-chain data: Stay informed about blockchain activity and its potential impact on prices.
- Paper trading: Practice your trading strategies with virtual funds before risking real capital.
5. GoCharting
GoCharting stands out for its versatility, catering to investors and traders in various markets, including stocks, futures, forex, crypto, and options. Its flexible interface and educational resources make it suitable for both beginners and seasoned traders. A unique feature for experienced traders is the Options Desk, allowing them to develop and implement complex options strategies.
GoCharting boasts an impressive collection of over 300 technical studies and 150 indicators, catering to diverse trading styles. What truly sets it apart is its emphasis on order flow and profiling tools. These powerful tools help traders analyze market depth, understand buying and selling pressure, and gain insights into the actions of other market participants. GoCharting also recognizes the value of practice and strategy refinement, offering a comprehensive paper trading feature. Also, this simulation tool allows both new and experienced traders to test different strategies with virtual money and zero financial risk.
Choosing the Right Crypto Charting Software:
With so many options available, choosing the right crypto charting software can feel overwhelming. Also, consider these factors to make an informed decision:
- Your trading experience: Are you a beginner or a seasoned trader? Some platforms are more beginner-friendly, while others offer advanced features suited for experienced users.
- Your trading style: Do you prefer technical analysis, fundamental analysis, or a combination of both? Choose a platform that offers the tools and data you need for your preferred style.
- Your budget: Some platforms are free, while others offer paid plans with additional features. Determine your budget and choose a platform that fits within it.
- Supported exchanges: Do you trade on multiple exchanges? Choose a platform that integrates with the exchanges you use.
- Additional features: Consider any additional features that are important to you, such as paper trading, news feeds, or social networking.
By carefully considering these factors, you can choose the best crypto charting software to meet your needs and help you navigate the ever-changing crypto market.