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Top 10 Charting Software for Crypto Traders

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Experienced traders agree that understanding 10 of the top charting software on offer today can help you improve your results. Charting software enables traders to leverage visual representations of market movements, trends, and patterns to conduct more informed and accurate trades. As such, charting software is an essential tool for most expert traders.

Charting tools have been in use in the stock and commodities markets for decades. Traders have consistently improved these indicators and systems alongside the evolution of the assets they help chart. Today, charting software is extremely dynamic. In many instances, it can be used for both crypto and other tradable assets. As such, the skills you learn managing this software can translate to success in other ventures.

Not All Charting Software is Worth the Cost and Time

Charting software comes in all shapes and sizes, so there is no one-size-fits-all. Some options offer a way to track patterns, while others offer full portfolio management and automated trading solutions that leverage popular indicators such as moving averages, support and resistance levels, and Bollinger Bands.

Depending on your trading skill level, you may find that one charting software is a better fit for your strategy. Thankfully, you can save time and money when researching your options. Here are 10 of the top charting software for crypto traders in no particular order.

1. TrendSpider

TrendSpider is a web-based charting software option that continues to see growing adoption due to its many features and easy-to-navigate interface. This platform provides support for professional traders seeking to streamline and automate their trading using technical analysis.

TrendSpider takes this concept a step further by leveraging automated pattern detection software and AI to find trends consistently. The software can detect +40 candlestick patterns, Fibonacci retracements, and other pattern signals. As such, it drastically improves pattern recognition capabilities for those who use technical indicators.

TrendSpider users can trade across +150 exchanges and 6500 trading pairs, which makes the software a great addition to your tool kit. Users can also set price alerts and pattern detection systems to ensure they never miss a trading opportunity. Best of all, the software has top-notch support that can walk you through the details of your issue via phone, email, or live chat.

2. TradingView

TradingView is one of the best options available in the market today. This flexible and established charting platform remains a prime choice for both pro and new traders seeking more insight into the market. The platform has a massive community behind it, which makes it a great place for you to learn as well as share your concepts and ideas with others.

Source - TradingView - Charting Software

Source – TradingView – Charting Software

TradingView is the most widely used charting interface and can be found as the backbone of many other options on this list. The software has a massive selection of indicators and features that make it more efficient and accurate than the competition. For example, you can set price alerts, use automated trading strategies via bots, and even identify patterns using the software's built-in recognition system.

There are a few versions of TradingView available to the public. The free version is surprisingly useful. It provides 2-3 charting overlays per day populated by real-time market data. You also have access to the basic charting tools, which include support for multiple markets.

The Pro version is the real champion. Here, you gain access to the best features, such as the ability to backtest on real market conditions, 5 technical indicator overlays per chart, and much more. These options have made TradingView one of the most respected and popular options on this list.

3. MetaTrader4

MetaTrader4 is another popular option that has been providing top-quality service to traders since 2005. This advanced charting software is available on both mobile and PC versions which adds to its flexibility. Notably, MEtaTrader4 leverages advanced tools, which makes it better suited for professional traders rather than newbies.

Meta Trader4 enables you to trade directly from your charting window, which streamlines the process considerably. The platform currently has strategic partnerships with +700 exchanges and brokers, which means that you get data from across the market and represent the most popular exchanges such as Binance and Bitmex.

This advanced charting software includes a combo of options that make it stand out against the competition. For example, you can leverage custom indicators, scripting features, and trading bots. These options can be used to manage accounts across multiple exchanges from a single user interface.

4. Quadency

Traders have enjoyed Quadency‘s features since 2018, when it entered the market intending to be a one-stop-shop for traders seeking technical analysis and charting tools. Quadency earned a reputation as a great charting option for new traders due to its easy-to-use interface, accessible portfolio analytics, and mobile options.

Source - Quadency - Charting Software

Source – Quadency – Charting Software

Users can trade across +1500 cryptocurrencies and top exchanges using this option. The network also offers users access to other features, such as a real-time portfolio tracker and trading bots. These options make it easy for anyone to track, manage, and automate their trading strategy.

Quadency features a selection of vibrant charts, which make it easier to visualize and identify patterns. The software can execute automated trades using both public and private account data, which adds to its effectiveness. Additionally, Quadency is one of only a few options that have a blockchain asset as support.

5. Coinigy

Coinigy is one of the best-known options on this list. The well-known software provides you with everything you need to stay ahead of the trends. The platform is available in mobile format which makes it the best option for those seeking to trade on the go. Additionally, Coinigy offers support for beginners.

The platform is more than just advanced charting software. You can leverage data and trade across 45 popular exchanges and thousands of cryptos. Professional and new users can enjoy the huge selection of indicators Coinigy currently supports as well.

Notably, users can create, monitor, and execute trades from a single window across multiple exchanges using this software. The platform streamlines analysis and even includes SMS price alerts to keep you in touch with market movements.

One of the coolest features Coinigy offers is the automated arbitrage screener. This software will scan all the exchanges to find price differences in the same asset that you can then trade to secure returns. Notably, Coinigy does require a yearly or monthly subscription to use.

6. CryptoView

CryptoView is one of a growing number of options that are built atop TradingView and offer more options geared towards beginners. The vibrant interface makes it easier to monitor and track assets across multiple exchanges. You may use a variety of indicators and overlays to determine patterns on CryptoView, and the network includes portfolio management tools.

CryptoView offers some unique tools, such as risk management options and the ability to manage multiple wallets and accounts. The system can automate trade from the UI if you integrate the powerful API in your exchanges. Once set up, you can set up trades using positions, balances, changes, and price alerts.

CryptoView is only available in a desktop version, which means it's not great for mobile traders. Additionally, the platform offers a free trial, but you will need the paid version to get the most out of the features. Consequently, CryptoView is a smart option for novice and experienced traders seeking TradingView alternatives.

7. Shrimpy

Shrimpy is an all-inclusive trading solution that offers advanced crypto charting software to the public. This protocol differs from the competition in that it's also automated trading software that includes features such as social trading. This option enables trades to mimic the trades of selected users automatically.

Shrimpy is a great option for both new and experienced traders due to its extensive feature set. You can use Shrimpy to break down charts using technical indicators across +19 exchanges. The software also supports direct trading from multiple crypto wallets, which adds to its safety.

Shrimpy users never miss a trade using the network's automated trading bot, price alerts, and market tools. You can streamline and automate your trading process using Shrimpy with ease. There's even a  daily portfolio rebalancing feature that automatically adjusts your portfolio to meet preset demands. All of these features make Shrimpy a top option for traders from all walks of life.

8. Insilico Terminal

The Insilico Terminal is another tool that continues to draw traders to its unique blend of features and layout. This platform has provided helpful trading and charting tools since 2021. The Insiicoterminal features a fully programmable interface that is geared toward professional day trades.

Source - Insilico Terminal - Charting Software

Source – Insilico Terminal – Charting Software

This focus on expert traders enables the network to provide services that are ideal for this level of trade. There are flexible indicators that make it simple to see trend lines as they emerge. Additionally, there are proprietary indicators and features not found in the competition, such as swarm orders.

The Insilico Terminal was built from the ground up to cater to professionals. As such, it's only available in the desktop version and works with a select number of exchanges currently. Professionals will appreciate the secure API and the ability to populate orders automatically by leveraging indicators.

9. Cryptowatch

Cryptowatch is a trading view charting software that was in operation for many years before getting purchased by Kraken and integrated into their Kraken Pro subscription. The network provides real-time pricing data and charting tools in addition to a helpful news feed.

Kraken Pro users can leverage the technical indicators and overlays to improve their results. This tool includes accurate pricing, volume, and orderbook data from a massive selection of supported exchanges. Additionally, you can use this software to track, monitor, and manage NFT tokens.

CryptoWatch is available in both mobile and desktop versions, and regardless of your skill level, there are options for everyone when using Cryptowatch. However, the technical analysis tools may seem difficult for new users as the software is geared toward professional traders.

10. Tradelize

Those seeking an alternative to the popular option TradingView will notice that Tradelize remains a top competitor. The platform has a variety of features found on high-end protocols, such as social trading, which enables you to follow and duplicate the trades of other users. This strategy makes it easy to learn while securing returns.

Tradelize supports the most common and popular charting tools from a helpful interface. As such, you gain access to real-time data across a variety of platforms to help you make informed decisions without delay. There is even a reverse copy-trading feature that is unique in that it allows you to short against traders by betting against certain traders' actions.

The user interface for tradelize is a little more complicated than some of the beginner-centric options on this list, but the added features are worth it. There are also some unique indicators and tools, such as InRange for the last 24 hours, which can improve your strategy.

Tradelize is available on both mobile and desktop versions. There are quick guides to help you learn the software, and you can break down indicators into smaller periods, which is another benefit. Those seeking to try out a new charting software that isn't powered by TradingView should peep out what Tradalize has to offer.

Top 10 Charting Software to Improve ROIs

Now that you have a firm understanding of the top 10 charting software options in the market, you're ready to step up your game and improve your results. Charting software can't tell you exactly what the market will do, as no one can. However, it can drastically improve your ROIS by providing a logical basis for your trading actions. As such, charting software remains a vital component of most experts' game plans.

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David Hamilton is a full-time journalist and a long-time bitcoinist. He specializes in writing articles on the blockchain. His articles have been published in multiple bitcoin publications including Bitcoinlightning.com