ChartIQ Vs TradingView: Which Is Better?
Undoubtedly, TradingView is highly popular among retail traders because it also supports cryptocurrencies. At the same time, professional investors use ChartIQ to perform technical analyses of financial instruments.
So, which is better, ChartIQ or TradingView? Both platforms provide real-time data, and they have their own advantage and disadvantages. ChartIQ is designed on HTML5, while TradingView uses Pine Script. TradingView also provides charting solutions for cryptocurrencies, but ChartIQ is only limited to stocks and commodities.
TradingView is an individual platform that anyone can access, while ChartIQ comes integrated with stock brokers like Zerodha, Angel One, Upstox, etc.
What is ChartIQ in Zerodha?
You must have noticed a different UI on the charts if you recently opened a Demat and trading account in Zerodha because they use the ChartIQ platform to chart stocks and indices by default. In contrast, other platforms use TradingView by default.
ChartIQ is a popular platform for drawing and charting financial instruments.
ChartIQ Vs. TradingView: Features Comparison
| Features | ChartIQ | TradingView |
| Cryptocurrency | No | Yes (On Official Website) |
| Multiple Layout | Yes | Yes |
| Multiple Indicators | Yes | Yes |
| Drawing Tools | Yes | Yes |
| Custom Timeframe | Yes (ChartIQ 8) | No |
| On-chart Trade Execution | Yes | No |
| Easy To Use UI | Yes | Yes |
| Pricing (Zerodha) | Free | Free |
Which is Better ChartIQ or TradingView?
Many discount stock brokers like Zerodha, Angel Broking, Alice Blue, HDFC Securities, etc., provide both TradingView and ChartIQ platforms. But people always get confused about picking the right one.
Suppose you’re also confused about whether ChartIQ is better or TradingView; first, understand your requirements. Pick the one where you’re experienced and comfortable in analysis. If you’re experienced in TradingView, you can continue using that.
Both TradingView and ChartIQ are great for drawing and plotting technical indicators, but intraday traders prefer TradingView and professional positional traders are slightly inclined towards ChartIQ.
Is ChartIQ Free In Zerodha?
ChartIQ is an HTML5-based charting platform that comes free of cost at Zerodha, Angel One, Upstox, Alice Blue, and other broker trading platforms.
Hence, the customers don’t need to pay any fee to use ChartIQ if your broker offers this.
However, the brokerage house pays the ChartIQ developer company “S&P Global Market Intelligence” to get the license.
Is TradingView Free For Zerodha?
Zerodha provides a free TradingView premium account where you can use multiple chart layouts, multiple indicators, and all other premium TradingView features.
Conclusion
Both ChartIQ and TradingView are great charting tools, but TradingView supports cryptocurrency charts (on the official website), while ChartIQ is limited to stocks and commodities only. The user interface and technical indicators are excellent in both, but ChartIQ 8 (Beta) has added custom timeframe features.
