# Arthex vs TradingView — Full Competitive Roadmap
**Author:** Arunodayya B S (SpawnAgent) · Arthex
**Date:** March 2026
**Vision:** Build India's own TradingView — India-first, AI-native, open-source core

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## PART 1 — HEAD-TO-HEAD COMPARISON

### 1.1 Charting Engine

| Feature | TradingView | Arthex Now | Gap Level |
|---|---|---|---|
| Candlestick (OHLCV) | ✅ | ✅ | None |
| Heikin Ashi candles | ✅ | ❌ | Medium |
| Renko / Kagi / P&F | ✅ | ❌ | Hard |
| Volume bars | ✅ | ✅ | None |
| Multi-chart (2/4/6 layouts) | ✅ | ❌ | Hard |
| Chart sync (crosshair across panes) | ✅ | ❌ | Hard |
| RSI / MACD in separate sub-pane | ✅ | ❌ | Medium |
| Replay mode (bar-by-bar) | ✅ | ❌ | Medium |
| WebGL rendering (50k+ candles) | ✅ | ❌ (SVG, ~5k) | Hard |
| Chart templates (save/load layouts) | ✅ | ❌ | Medium |

### 1.2 Data & Timeframes

| Feature | TradingView | Arthex Now | Gap Level |
|---|---|---|---|
| 1m / 5m / 15m intraday | ✅ | ❌ | **Buildable — Angel One** |
| 1H / 4H | ✅ | ❌ | **Buildable — Angel One** |
| Daily / Weekly / Monthly | ✅ | ✅ | None |
| Tick data (real-time stream) | ✅ | ❌ | Hard (needs WebSocket) |
| NSE/BSE real-time quotes | ✅ (₹1,500+/mo add-on) | ✅ **FREE (Angel One)** | **Arthex wins on cost** |
| Global stocks (NYSE, NASDAQ) | ✅ | ✅ yfinance | None |
| Crypto (BTC, ETH, 100+) | ✅ | ✅ CoinGecko | None |
| Forex (50+ pairs) | ✅ | ✅ | None |
| Commodities (Gold, Crude, Silver) | ✅ | ⚠️ partial | Small |
| Historical depth | 20+ years | 5 years | Medium |
| Pre-market / GIFT Nifty | ✅ | ✅ | None |

### 1.3 Indicators

| Feature | TradingView | Arthex Now | Gap Level |
|---|---|---|---|
| MA / EMA | ✅ | ✅ | None |
| Bollinger Bands | ✅ | ✅ | None |
| RSI | ✅ | ✅ | None |
| MACD | ✅ | ✅ | None |
| VWAP | ✅ | ❌ | Easy |
| ATR | ✅ | ❌ | Easy |
| Stochastic | ✅ | ❌ | Easy |
| ADX / DMI | ✅ | ❌ | Easy |
| Volume MA | ✅ | ❌ | Easy |
| Supertrend | ✅ | ❌ | Medium |
| Ichimoku Cloud | ✅ | ❌ | Medium |
| Pivot Points | ✅ | ❌ | Easy |
| 100+ others | ✅ | ❌ | Hard (Pine Script) |
| Pine Script (custom indicators) | ✅ | ❌ | **NOT buildable solo** |
| Community indicators (100k+) | ✅ | ❌ | **NOT buildable solo** |

### 1.4 Drawing Tools

| Feature | TradingView | Arthex Now | Gap Level |
|---|---|---|---|
| Horizontal line | ✅ | ✅ | None |
| Trend line | ✅ | ✅ | None |
| Ray | ✅ | ✅ | None |
| Fibonacci retracement | ✅ | ✅ (Pro) | None |
| Fibonacci extension | ✅ | ❌ | Easy |
| Channel (parallel lines) | ✅ | ❌ | Easy |
| Rectangle / box | ✅ | ❌ | Medium |
| Text labels on chart | ✅ | ❌ | Easy |
| Pitchfork (Andrews) | ✅ | ❌ | Medium |
| Elliott Wave labels | ✅ | ❌ | Hard |
| Gann tools | ✅ | ❌ | Hard |
| Save drawings to cloud | ✅ | ❌ | Medium (needs backend) |
| Drawing persistence on reload | ✅ | ❌ | Medium (localStorage) |

### 1.5 India-Specific Data — Arthex's Moat

| Feature | TradingView | Arthex | Winner |
|---|---|---|---|
| NSE options chain (full) | ✅ basic | ✅ **SEBI raw data** | **Tie / Arthex deeper** |
| Max Pain calculation | ❌ | ✅ | **Arthex** |
| PCR trend | ❌ | ✅ | **Arthex** |
| Black-Scholes Greeks (Δ, Γ, Θ, ν) | ❌ | ✅ | **Arthex** |
| FII / DII daily institutional flows | ❌ | ✅ | **Arthex** |
| NSE insider trading (SAST) | ❌ | ✅ | **Arthex** |
| Promoter shareholding + pledge | ❌ | ✅ | **Arthex** |
| RBI repo / CRR / SLR / MSF rates | ❌ | ✅ | **Arthex** |
| India CPI, GDP, Current Account | ❌ | ✅ | **Arthex** |
| G-Sec yield curve | ❌ | ✅ | **Arthex** |
| AMFI fund flows + SIP data | ❌ | ✅ | **Arthex** |
| Credit ratings (CRISIL / ICRA / CARE) | ❌ | ✅ | **Arthex** |
| BRSR / ESG (SEBI-mandated) | ❌ | ✅ | **Arthex** |
| LTCG / STCG tax calculator | ❌ | ✅ | **Arthex** |
| Nifty PCR trend | ❌ | ✅ | **Arthex** |
| Circuit breaker scanner | ❌ | ✅ | **Arthex** |
| **India-specific score** | **~15/20** | **20/20** | **ARTHEX WINS** |

### 1.6 Alerts & Automation

| Feature | TradingView | Arthex Now | Gap Level |
|---|---|---|---|
| Price cross alerts | ✅ | ❌ | **Easy (2 days)** |
| Volume spike alerts | ✅ | ❌ | Easy |
| Indicator-based alerts | ✅ | ❌ | Medium |
| Webhook alerts | ✅ | ❌ | Medium |
| Email / SMS alerts | ✅ | ❌ | Medium (needs infra) |

### 1.7 Social / Community

| Feature | TradingView | Arthex Now | Gap Level |
|---|---|---|---|
| Ideas feed (post analysis) | ✅ millions | ✅ built | Scale gap |
| Publish chart screenshot | ✅ | ❌ | Medium |
| Follow traders | ✅ | ❌ | Medium |
| Reputation / streak system | ✅ | ❌ | Medium |
| Live streams | ✅ | ❌ | Hard |

### 1.8 Portfolio & Broker

| Feature | TradingView | Arthex Now | Gap Level |
|---|---|---|---|
| Paper trading | ✅ | ❌ | Medium |
| Live order placement | ✅ (50+ brokers) | ❌ | Hard |
| Portfolio P&L (real, from broker) | ✅ | ❌ | Medium (Angel One read) |
| Holdings import | ✅ | ❌ | Medium |
| P&L tax report | ✅ | ❌ (LTCG calc exists in MCP) | Medium |

---

## PART 2 — WHAT'S BUILDABLE: TIMELINE & COST

### 🟢 Easy (1-3 days each) — Build immediately

| Feature | Effort | What's needed |
|---|---|---|
| 5m / 15m / 1H intraday charts | 1 day | Wire Angel One OHLCV endpoint |
| Price alerts (browser notification) | 2 days | setInterval + Notification API |
| 5 more indicators (VWAP, ATR, Stoch, ADX, Pivot) | 2 days | Compute from OHLCV data |
| Drawing persistence (reload) | 1 day | Save series data to localStorage |
| Fibonacci extension | 1 day | Extend buildTrendLineData logic |
| Text labels on chart | 1 day | LightweightCharts custom price lines |
| Heikin Ashi candle type | 1 day | Transform OHLCV formula |
| Dark / Light theme | Done ✅ | — |
| Chart maximize | Done ✅ | — |
| Volume MA | 0.5 day | Compute rolling average of volume |

### 🟡 Medium (1-2 weeks each) — Phase 2

| Feature | Effort | What's needed |
|---|---|---|
| Multi-pane (RSI below chart) | 1 week | Add a second LightweightCharts instance below |
| Real portfolio P&L (Angel One) | 1 week | Angel One holdings API + P&L calc |
| Replay mode | 1 week | Store candles array, step-through timer |
| Channel / parallel lines | 3 days | Two linked trend lines |
| Rectangle drawing | 3 days | Two-click bounding box LineSeries |
| Drawing persistence to cloud | 1 week | Supabase/Firebase store per user |
| Screener (India-specific filters) | 1 week | Add FII%, pledge%, promoter% filters |
| Price alert email / SMS | 1 week | Resend / Twilio + backend |
| Community ideas (follow system) | 2 weeks | User auth + social graph |
| Multi-chart (2 charts) | 2 weeks | Grid layout + dual chart instances |
| Webhook alerts | 1 week | POST to user-defined URL on alert |

### 🔴 Hard (months, needs team) — Phase 3

| Feature | Effort | Why hard |
|---|---|---|
| Pine Script equivalent | 3-6 months | Full scripting language + parser + sandboxed execution |
| Tick-level WebSocket streaming | 1-2 months | Angel One WebSocket + binary protocol |
| Live order placement | 2-3 months | Angel One SmartAPI order APIs + compliance + error handling |
| WebGL rendering (50k+ candles) | 2-3 months | Custom canvas renderer |
| Multi-chart (4+ layouts) | 1-2 months | Sync engine + resize + drag/drop |
| Mobile app (iOS / Android) | 3-6 months | React Native or Flutter |

### ❌ Not buildable solo (requires company infrastructure)

| Feature | Why not |
|---|---|
| Community indicators marketplace (100k+) | Needs 10+ years of user-contributed content |
| Live streams | CDN infrastructure, video encoding |
| Paper trading with real fills | Broker sandbox APIs + compliance |
| Social follow/reputation at scale | Needs 50,000+ users first |
| Professional charting (Bloomberg-style) | $50M+ investment in rendering engine |

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## PART 3 — BUILDING YOUR OWN DATA INFRASTRUCTURE

### If you want to be independent of yfinance / Angel One:

| Data Type | Build or Buy | Estimated Cost |
|---|---|---|
| NSE real-time feed (own) | Build scraper from NSE direct | Free but fragile (NSE blocks bots) |
| NSE official data license | Buy | ₹5-15 lakh/year (contact NSE) |
| BSE official data license | Buy | ₹3-8 lakh/year |
| Options chain own scraper | Build (NSE /api endpoints) | Free (already done) |
| FII/DII own scraper | Build | Free (already done) |
| Global data (Yahoo alternative) | Polygon.io | $199/month (unlimited) |
| Crypto own feed | Build from Binance WebSocket | Free |
| Fundamental data India | Buy from Screener / Tijori | ₹50k-2L/year |
| Real-time WebSocket (own) | Build Redis pub/sub | $50-200/month infra |

**Bottom line:** For your own independent data layer (no yfinance/Angel One dependency), you're looking at:
- **Minimum:** ₹8-15 lakh/year for NSE+BSE official licenses
- **Build cost:** 3-6 months of engineering (1-2 developers)
- **Recommendation:** Use Angel One for now (free, real-time). License from NSE only when you have 1,000+ paid users.

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## PART 4 — OVERALL SCORE & STRATEGIC PATH

### Current Score

| Category | TradingView | Arthex Now | After Phase 1 | After Phase 2 |
|---|---|---|---|---|
| Charting engine | 100 | 28 | 45 | 60 |
| Data depth | 85 | 62 | 78 | 85 |
| Indicators | 100 | 8 | 30 | 45 |
| Drawing tools | 100 | 22 | 38 | 55 |
| **India-specific data** | 15 | **100** | **100** | **100** |
| Alerts | 100 | 0 | 70 | 90 |
| Screener | 100 | 15 | 40 | 65 |
| Social / community | 100 | 18 | 25 | 40 |
| Portfolio / trading | 100 | 5 | 30 | 55 |
| AI integration | 10 | **95** | **95** | **95** |
| **Overall** | **81** | **35** | **55** | **69** |

### The Winning Strategy

TradingView is a $3B company with 500 engineers. You can't out-build them on charting. But you can out-India them:

**Win condition:** Be the platform Indian traders use *because TradingView doesn't understand India.*

1. **Phase 0 (Now):** Fix bugs, wire real data, add 5 indicators, add alerts → launch Dashboard Pro
2. **Phase 1 (Month 1-2):** Intraday charts, portfolio P&L, multi-pane RSI/MACD, price alerts → first 100 paying users
3. **Phase 2 (Month 3-6):** Multi-chart, Pine Script lite (limited), social features, mobile-first design → 1,000 users
4. **Phase 3 (Month 6-18):** Own data infrastructure, order placement, institutional-grade tools → fundraise at this stage

### Cost to Build Full Competitor (India-focused)

| Phase | What you build | Engineering cost | Infra cost/month |
|---|---|---|---|
| Phase 0 (now) | Bug fixes + Angel One wiring | You (0) | ₹0 |
| Phase 1 | Intraday + alerts + indicators | 1 dev × 2 months | ₹2,000 |
| Phase 2 | Multi-chart + social + portfolio | 2 devs × 6 months | ₹15,000 |
| Phase 3 | Own data feed + order flow | 4 devs × 12 months | ₹80,000 |
| Full TV competitor | Everything above + mobile | 10 devs × 24 months | ₹5,00,000 |

**Realistic goal:** Get to 60-70% of TradingView's feature depth for Indian users within 18 months with a team of 3-4 developers. That's enough to compete on price + India data.

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## PART 5 — IMMEDIATE ACTION PLAN (Next 30 Days)

| Priority | Task | Days |
|---|---|---|
| 🔴 P0 | Wire Angel One intraday (5m/15m) | 1 |
| 🔴 P0 | Add VWAP, ATR, Stochastic indicators | 2 |
| 🔴 P0 | Price alerts (browser notification) | 2 |
| 🟡 P1 | Drawing persistence (localStorage) | 1 |
| 🟡 P1 | RSI in sub-pane below chart | 3 |
| 🟡 P1 | Real portfolio P&L from Angel One | 3 |
| 🟡 P1 | Razorpay payment integration | 2 |
| 🟢 P2 | Heikin Ashi candle type | 1 |
| 🟢 P2 | Text labels on chart | 1 |
| 🟢 P2 | Screener India filters (FII%, pledge%) | 3 |

**Total: ~19 days of focused work to get to ~55% of TradingView for India users.**

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*Arthex · finstack-mcp · March 2026 · MIT Licensed*
