TradingView had an idea: tool allows users to have trading ideas at hand

Rick Steves

TradingView has been able to always innovate by adding fresh tools and features in a time when social trading becomes the new status quo for retail users. 

TradingView has introduced a new tool that works like a tweet and allows users to add ideas right onto the chart so that they are always at hand.

Going by the name of Idea, the new tool aims to address the behavior of investors using TradingView as thousands of users post trading ideas on the platform every day to share their thoughts and opinions on the global markets, showcase their analytical methods and strategies, offer training materials to other members of the community, or even show off their artistic skills.

Ideas and tweets

TradingView has been able to always innovate by adding fresh tools and features in a time when social trading becomes the new status quo for retail users.

“Idea” is the latest idea from the charting platform. TradingView explained in detail how to use the tool:

“An idea on a chart is always attached to the date of its publication. The position of the idea card can be changed within the visible area of the chart. For this, you need to pull the card in the direction you need. Clicking on the title of an idea will open a full-fledged pop-up window with it.

“The idea is very similar to any drawing object: it is linked to the symbol you added it to. An idea can be hidden or deleted, and its visual order in the object tree can be changed.”

TradingView has recently made it possible to place Tweets directly onto users’ charts. How does a Tweet work on a chart? The firm explained.

“Tweets are always tied to the date of the original Twitter post. The vertical position of the Tweet card can be changed within the visible area of the chart by pulling the card up or down.

“A tweet is very similar to any drawing object: it is tied to the symbol on which you inserted it. A Tweet can be hidden or deleted, and its visual order in the object tree can be changed.”

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$3 billion valuation

In October, the London-based company scored $298 million in a fresh funding round led by the growth-stage investment firm Tiger Global. The fundraiser valued TradingView at $3 billion.

The platform has enjoyed consistent growth for the past 18 months, having reported a 400% increase in created accounts. Traffic to the platform also grew 237% over a yearly basis.

The data-driven investor community has hit over 30 million monthly active users and is expanding globally with paying customers in over 180 countries worldwide. That compares to 2,000 visitors per day when TradingView first launched in 2011.

While TradingView’s products appeal largely to millennials – with 75% of its revenue coming from subscriptions sold to individual traders – it also supports institutional clients and big exchanges.

The company earns revenue on three monthly membership models, priced at $15, $30, and a high-end $60 per-month premium option in turn of a host of features, data analytics, and real time-alerts.

 

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