TradingView vs Amibroker: Which One Suits Indian Traders?
Choosing the right charting and analysis software is critical for every trader. For Indian markets, TradingView and Amibroker are two of the most trusted platforms—but they serve very different needs.
This in-depth comparison breaks down TradingView vs Amibroker for Indian stock traders in 2025, covering features, ease of use, data feeds, and costs.
Quick Overview
| Feature | TradingView | Amibroker |
|---|---|---|
| Type | Web-based charting & alerts | Desktop-based analysis & scripting |
| Skill Level | Beginner to intermediate | Intermediate to advanced |
| Data Integration | Broker APIs (e.g. Zerodha, Dhan) | External NSE data feed required |
| Backtesting | Basic (Pro plans) | Advanced (via AFL scripting) |
| Real-Time Data | With broker or paid plan | Yes, via TrueData/GDFL |
| Mobile Access | Full-feature app | Not available |
| Cost | Free & Paid (₹1,200–₹2,400/mo) | ₹20,000 one-time + data feed cost |
What Is TradingView?
TradingView is a cloud-based charting platform that supports Indian stocks, forex, crypto, and global markets. Known for its beautiful charts and Pine Script editor, it’s a favorite for both technical analysts and retail traders.
✅ Pros:
- Works on browser and mobile
- Real-time NSE data via brokers like Zerodha/Dhan
- Supports custom alerts and Pine Script strategies
- Multi-chart layout and intuitive UI
❌ Cons:
- Limited backtesting capabilities
- Broker integration doesn’t allow direct trade automation
- Real-time NSE data needs Pro plan + broker connection
What Is Amibroker?
Amibroker is a Windows-based software known for speed, advanced backtesting, and custom strategy development using AFL (Amibroker Formula Language).
✅ Pros:
- Extremely powerful for backtesting and signal creation
- Tick-by-tick real-time data (via SEBI-approved vendors)
- Fully customizable scanning and alerts
- Suitable for automated trade setups and custom dashboards
❌ Cons:
- No web or mobile access
- Steep learning curve for beginners
- Requires paid real-time data feed
Best Use Cases
| Use Case | Recommended Platform |
|---|---|
| Real-time mobile charting | TradingView |
| Quick technical setup visualization | TradingView |
| Backtesting custom strategies | Amibroker |
| Tick-level intraday signal scanning | Amibroker |
| Swing trading with alerts | TradingView (Pro) |
| Intraday automation | Amibroker with API bridge |
Data Feed & Integration (India Specific)
TradingView
- Free plan: Delayed NSE data
- Pro plan: Real-time via Zerodha/Dhan API (no direct trading)
- Suitable for retail mobile users and chart-watchers
Amibroker
- Requires NSE data feed via TrueData, GlobalDataFeeds, or Neotrade
- Tick-by-tick supported
- Enables in-depth signal generation and alert scripting
Pricing Comparison (2025)
| Platform | Cost Type | Estimated Price (₹) |
|---|---|---|
| TradingView Pro+ | Monthly Subscription | ₹1,200–₹2,400/month |
| Amibroker | One-time License | ₹19,000–₹25,000+ |
| NSE Data Feed | Monthly Subscription | ₹1,500–₹3,000/month |
Final Verdict: Which One Should You Choose?
Choose TradingView if:
- You want browser/mobile access
- You need basic charting, indicators, and alerts
- You’re a beginner or intermediate trader
Choose Amibroker if:
- You want advanced strategy testing and automation
- You’re a serious intraday or algo trader
- You’re comfortable with technical scripting (AFL)
Some traders even use both platforms together—TradingView for live charting and Amibroker for strategy development and real-time scanning.
FAQs
Q1: Can I trade directly from TradingView in India?
Not exactly. You can connect to Zerodha or Dhan for real-time data, but trade execution must happen on the broker’s platform.
Q2: Is Amibroker legal for Indian markets?
Yes, it’s fully legal. Just ensure your data feed is from a SEBI-approved vendor like TrueData or GDFL.
Q3: Which platform supports mobile access?
Only TradingView supports full mobile functionality.
Q4: Do I need coding knowledge to use Amibroker?
Yes. AFL scripting is required for custom scans, strategies, and alerts.
Q5: Is TradingView free?
Yes, a basic version is free with delayed NSE data. Real-time and advanced features require a Pro plan.
