Becoming a Respected Vendor on TradingView
2024-11-07

Becoming a Respected Vendor on TradingView: What it Means and How to Excel. 

If you're reading this, you’re probably on TradingView.com, a thriving hub for technical traders, market enthusiasts, and creators of tools that support trading success. TradingView is home to two main groups: those who offer paid indicators and those who share ideas and tools for free, contributing to the community’s growth.

With so many options available, the question arises: Should people pay for technical indicators? And what distinguishes a quality vendor from one who’s just following trends? Here’s a guide on what makes a vendor worth your attention—and how they can establish legitimacy and trustworthiness in a sometimes oversaturated market.

 🞛 Why Pay for Technical Indicators? 
Investing in a paid indicator can sometimes be invaluable, as these tools often go beyond what’s available for free, providing deeper insights or unique approaches. Generally, a vendor will decide to sell a product if they believe it has some sort of edge. However, paying for an indicator requires careful evaluation: understanding the tool’s unique value and assessing the vendor’s commitment to creating quality products. When considering whether an indicator is worth your money, the focus should be on its utility, originality, and the support structure behind it.

 🞛 Key Qualities of a Good Vendor 

 Originality and Innovation 
At the heart of any high-quality technical indicator is robust mathematical groundwork. While visuals are helpful, they come secondary to solid foundational math and advanced techniques, like Digital Signal Processing (DSP). A vendor with a genuine passion for indicator creation will have refined, creative tools, rather than simply repackaging or rebranding existing ideas. Look for originality and a clear differentiation in the product. Vendors who aim to elevate the field contribute to the TradingView library, sharing open-source content that adds genuine value. This process can of course be assisted via the Editor Picks award where the TradingView team will select excellent creations awards.


 Community Engagement 
This means responding to questions, implementing meaningful suggestions, and generally showing a vested interest in user success. The largest vendors may not be able to respond to every comment, but they should have systems in place to track and log feedback consistently.

  

 Comprehensive Educational Support 
A quality vendor ensures you understand how to get the most out of their tools, whether through documentation, recorded courses, or live classes. This support is particularly important for complex products, where a little guidance can go a long way in helping users fully utilize the tool’s capabilities.

  

 Humility and Honesty 
Some of the best tools come from lesser-known creators who prioritize their craft over marketing. Scouting out promising indicators on the trending page can reveal gems created by individuals who may lack big budgets but offer real, innovative value. Also, beware of grandiose claims—vendors who truly believe in their work allow the product to speak for itself. Ego is dangerous especially in a field like technical analysis where nothing is assured or guaranteed. Any vendors asserting themselves as leaders or the best could be disingenuous as generally speaking every product will have a unique quality set. 

  

 How to Assess a Vendor’s Legitimacy 
With so many options on TradingView, it can be challenging to determine which vendors are truly worth your time. Here are some ways to evaluate them:

 Research Their History and Contributions 
Have they released any open-source scripts or tutorials? Vendors who contribute freely to the community often demonstrate a higher level of expertise and integrity.

 Review Customer Feedback and Engagement 
Look through comments, reviews, and responses to see how well the vendor interacts with customers. Vendors who consistently receive positive feedback and follow up on user input are often more reliable.

 Test Their Free Indicators First 
Trying these tools before making a financial commitment can give you a sense of their quality, ease of use, and how well they align with your trading goals.

  🞛Premium or Free indicators? 
While both free and paid indicators rely on mathematical foundations, paid indicators may incorporate more advanced or refined techniques. For instance, they might leverage proprietary algorithms, signal processing methods, or unique data combinations that aren’t as accessible in free indicators. This doesn't mean they will automatically yield higher profits, but these advanced techniques can provide unique insights that a trader may not find in simpler tools.
Rather than promising financial gains, these indicators aim to enhance a trader’s analytical capability.

Paid indicators often come with dedicated customer support, documentation, and even a community of users who actively share insights and strategies. This support can be extremely valuable for traders at any experience level, as it allows them to troubleshoot issues, learn from others, and get guidance on how to maximize the tool's potential.


 🞛 Final Thoughts 
The TradingView ecosystem is a dynamic environment, filled with talented individuals who push the boundaries of technical analysis. By seeking out vendors who prioritize originality, community engagement, and user support, traders can make informed choices about which indicators add real value to their toolkit. Remember, a responsible vendor doesn’t just sell a product—they cultivate an experience, one that ultimately supports you in becoming a more confident, successful trader.

When choosing a vendor, look for those who stand behind their product, foster transparency, and create tools that are rooted in genuine innovation.

By doing so, you’ll contribute to a marketplace that encourages quality, integrity, and growth for traders everywhere.


Thank you for reading!

- Alex Friend / ChartPrime