Malaysians are fond of good deals - we will travel twenty minutes to save RM5 on parking but are unwilling to spend on tools which will actually enhance the performance of the trading. This is precisely the crossroads of TradingView Pro. The free plan is a working one, this there is no denying. But Pro removes friction that is relatively costlier than the subscription fee itself. Related to five indicators per chart, rather than three. Unlimited alerts. No eating ads taking up space when you are in the middle of analysis. To any serious trader, these are not luxury additions to the business, but necessities.
The indicator limit is more important than people think. Imagine the following scenario: you are monitoring one of the Bursa Malaysia stocks, in terms of RSI, MACD and a volume indicator. That will be three slots wasted on a free account. Add moving average and you are out of business. Pro will give you five, Pro+ will go to ten. This difference is felt instantly by Malaysian forex traders who perform multi-timeframe analysis - Asian session structures frequently demand that a number of confluent signals be overlaid before these traders commit themselves to a position. Hacking indicators in the middle of the analysis since you have reached a limit is like the cook running out of burners when there is a dinner. It can be dealt with technically, but is frustrating in the field.
Alerts are also worthy of being mentioned. The free accounts receive one active alert. One. Pro will get you twenty, Pro+ one hundred. Malaysian traders who track the USD/MYR around the Bank Negara announcements, crude palm oil futures around the resistance levels and KLCI index behaviour at the same time, they require several alerts to run concurrently. The free version requires mapping babysit charts manually, which is the opposite of the point of having an alert system in the first place. The alert feature of Pro is sufficiently enough to justify the monthly fee of active traders who do not spend all their time in front of the screen.
Pricing is USD which implies that the fluctuations of the ringgit will have a small impact on your effective monthly price. The current Pro pricing is approximately in the RM60-80 per month bracket based on the exchange rates - not expensive by most Malaysian standards in terms of makan sessions on a weekend. The cost is further reduced with annual billing which reduces the effective monthly rate significantly. The payment is cleanly processed in Maybank, CIMB and Public Bank Malaysian bank cards. Annual billing should be used when you are serious - the savings over one year will be significant enough to be felt.