Amibroker vs TradingView: Which One Suits Indian Traders?
For traders in India, Amibroker and TradingView are two of the most popular platforms for technical analysis. While both are powerful, they serve different trading needs. Whether you are an intraday trader, a swing trader, or a system developer, choosing the right tool is essential.
In this comparison, we break down the pros, cons, and ideal use cases for Amibroker vs TradingView, specifically for Indian stock market traders.
1. Platform Type and Accessibility
Amibroker:
- Desktop-based software (Windows only)
- Requires data feed integration from vendors (like GDFL, TrueData)
- No mobile access
TradingView:
- Cloud-based platform (Web + Mobile App)
- Access from any device with login
- No installation required
Winner: TradingView – More accessible for modern traders
2. Charting Features
Amibroker:
- Professional-level charting
- Highly customizable with AFL scripts
- Multi-chart and multi-monitor setups supported
TradingView:
- Advanced charts with drag-and-drop indicators
- Beautiful, smooth visuals
- 100+ built-in indicators, drawing tools, and chart types
Winner: TradingView – Easier and visually superior charting experience
3. Backtesting and Strategy Development
Amibroker:
- Best-in-class for backtesting
- Supports walk-forward testing, optimization, and custom strategy building
- AFL language enables complex system development
TradingView:
- Pine Script for strategy testing (limited vs Amibroker)
- Slower for large datasets
- Best for lightweight, simple strategies
Winner: Amibroker – For serious backtesting and quant traders
4. Data Support for Indian Markets
Amibroker:
- Requires a third-party data provider (e.g., GDFL, TrueData)
- Real-time, historical intraday, and EOD data
- Subscription to both Amibroker and data feed required
TradingView:
- Real-time NSE/BSE charts via broker integration (Dhan, Fyers, Angel One)
- No extra feed cost if used via supported brokers
- Delayed data on free accounts
Winner: TradingView – Cheaper and easier data access for most users
5. Broker Integration
Amibroker:
- No direct order placement (requires external automation via plugins/APIs)
- Best used for signal generation and charting
TradingView:
- Direct broker integration with order placement
- Place trades directly from charts (via Fyers, Dhan, etc.)
Winner: TradingView – Seamless execution workflow
6. Pricing and Value
| Platform | License/Pricing | Add-on Costs |
|---|---|---|
| Amibroker | ₹20,000+ (one-time) | Data feed (₹1,500–₹3,000/month) |
| TradingView | Free to ₹1,200/month | No data feed needed if linked with broker |
Winner: TradingView – More affordable for beginners and swing traders
Summary Table: Amibroker vs TradingView (India)
| Feature | Amibroker | TradingView |
|---|---|---|
| Platform Type | Desktop only | Web + Mobile |
| Backtesting Power | ✅✅✅ | ✅ (basic) |
| Charting Quality | ✅✅ | ✅✅✅ |
| Data Access (NSE) | Requires paid feed | Free via brokers |
| Broker Integration | ❌ (manual only) | ✅ (Dhan, Fyers, etc.) |
| Custom Indicator Scripting | AFL (advanced) | Pine Script (easier) |
| Pricing Model | One-time + feeds | Freemium + optional |
Final Verdict: Which One Should You Choose?
- Choose Amibroker if:
You are an advanced trader or system developer looking for powerful backtesting, strategy development, and don’t mind managing external data feeds. - Choose TradingView if:
You want mobile access, intuitive charting, broker integration, and an all-in-one solution for swing, intraday, or trend trading.
For most Indian retail traders, TradingView offers the best balance of cost, convenience, and capability. But for data-driven or algorithmic traders, Amibroker remains the gold standard.
FAQs
Q1: Can I use both Amibroker and TradingView together?
A: Yes. Many traders use TradingView for quick setups and Amibroker for backtesting.
Q2: Is Amibroker worth it for beginners?
A: Only if you plan to learn scripting and system development. Otherwise, TradingView is easier to start with.
Q3: Does TradingView give real-time data for NSE?
A: Yes, through broker integration like Dhan, Fyers, and Angel One.
Q4: Can Amibroker be used for live intraday signals?
A: Yes, with proper real-time feeds and scripting.
Q5: Which is better for mobile users?
A: TradingView is clearly better for mobile-based analysis.
