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I am new to TradingView Where can I learn more on how to use TradingView features and tools?

Getting setup with Tradingview takes literally a couple of minutes. You don’t need to download any programs or sign up for a broker, as you often do with MT4 or other platforms. Simply put, Tradingview has the best features of any charting platform – and yes, that includes MT4. You simply enter the site into your device and then log in to start viewing charts and carrying out analysis. Nowaday’s, trading platforms are everywhere, so knowing which has the right features and which to choose for trading isn’t as easy as it seems.

  1. With no account, your analysis will disappear whenever you open a new chart or exit the site.
  2. MACD, Moving Averages, Relative Strength Index, all feature here, along with all your other favourites.
  3. A custom indicator, this automatically finds and marks all swing highs and lows for you.

There are some more advanced options for indicators which we will discuss later, and some options for alerts and custom layouts. While a free account with Tradingview gives you many cool features, a pro account really takes things up a notch. It provides specialized tools that make trading and analysis so much easier. Many of these – like the strategy tester and market replay tools – cost money to use on other sites, so it’s pretty good value for money when you break it down.

All sorts of pitchfork variations are available, including many I never knew existed – who knew there were so many types? You’ll also find Fibonacci and Gann studies here, including spirals, wedges, and, of course, the ever-popular retracements. You won’t use these 5 options much, but nonetheless, they let you do some cool things worth knowing about.

Compare lets you compare the price of two currencies – or any other assets if you like – against one another. By the end, you should have a pretty good idea of how to set up and use Tradingview for yourself. It doesn’t show every release as forex factory does – so best to still keep that open somewhere – but all the important ones will show on the chart at their respective times.

Using the TradingView Dashboard

These tabs contain all the options for viewing charts and conducting analysis. Charts wise, it has everything you could ever ask for – and more you probably didn’t. Our Help Center will tell you everything you need to know about built-in indicators and strategies that are commonly used in our charts.

Choosing a Chart Type on TradingView

What it does is take the after-mentioned info and show it on the chart visually via lines. The small Cog button opens the chart settings menu, which I showed you earlier. 3 default templates with the most popular tools and indicators are also available, but it’s better to create your own in my opinion – more customizable, you know. Hate re-applying your studies (indicators, financials, etc) every time you open a new chart? Hit the Templates button to save your current chart layout as a template. Select this whenever you open a new chart to instantly have all your studies re-applied with your saved settings.

Financials shows important figures about a stock (earnings, debt, cash flow, etc). It plots the release of each figure in a separate graph below the chart to make it easy to see how it’s changed over time. Only really useful for stock traders this, so skip down to carry on with the forex stuff. Normally, you have flick back and fourth between pairs to see how they correlate.

#5: How to Navigate Timeframes Quickly

If you want to take a screenshot of the chart, maybe to post in a forum or chatroom, click the small camera button to the right. If you want to change the layout of the chart, for example, to have one currency next to the other or a different timeframe shown alongside another timeframe, blockchain finance and the internet of things! click the little square button (12). The menu shows all the important financials, and you can easily switch between them by clicking the tabs to the left. You can also view the price in a graph at the bottom, rather than overlayed on top if you want to keep your chart nice and clean.

Getting To Grips With Tradingview

To customize the chart settings, users can use the options available on TradingView. These options allow users to adjust the time frame, add technical indicators, change the color scheme, and customize the appearance of the chart. Users can bitcoin and regulation also save their customized chart settings for future use. To choose a chart type on TradingView, start by clicking on the candlestick symbol at the top of the chart. This will open a dropdown menu with available options for chart types.

To change the colour, head over to the Appearance menu in chart settings (right-click somewhere on the chart to open the menu) and change the chart colour to white. Perfect if you always focus on the same few pairs or track the same set of stocks, Watch-list lets you create your very own list of assets to watch, which you can switch between whenever you want. At some point, you’ll no doubt want to put some support or resistance levels or trend-lines on the chart – if you don’t, what the hell are you doing on a price action site? Over the next few sections, I’m going to run through all different features and tools on Tradingview and show you how they work. I’ll explain each setting and tool in the 4 menus mentioned earlier, and give you my thoughts on which are useful and what for.

The chart window shows the price of a currency/stock/commodity through a chart and contains all the tools, indicators, and options you can use in your analysis. And it’s in this area that Tradingview sets how to buy bitcoin for the first time itself apart from all the other charting platforms out there. Charting tools can also help traders identify key support and resistance levels, which are crucial in determining potential price movements.

The right side menu mostly shows important information about your pair. So rather than work everything manually, like you normally do, you can just place the tool and move the lines around. With these tools, however, you can quickly mark them without much difficulty.

Just remember, the trial will automatically switch to a paid account after the 30 days is over. So make sure you end it by then, otherwise, you might get a nasty surprise the next time you check your bank account. Earlier, I showed you how to set your charts set up, but that was mainly for beginners who are just getting started. Now I’m going to show you how to set them up for real to be just like mine. I’ve used a few paid testers in my time – Ninjatrader, Forextester 4, to name a few – and this almost matches them.

Drag this from one point to the next, and it’ll show the pips, days, and weeks it took price to cover that distance. The magnifying glass below (2) lets you zoom in and out of the chart – you can do this with your mouse wheel, so it’s kind of unnecessary. Elliott wave tools can also be found in this tab, so check them out if you love your waves and corrections. Some aren’t as quite as useful as the others – flat top/bottom, anyone? – but it’s nice to see Tradingview go the extra mile and add ones we probably wouldn’t use or otherwise know about in our trading. To access them, head over to the line tab below the cross-hair selector.

Some do provide valuable information or help you find or see something that’s difficult to do manually. If you want to bring it all back, you easily do so by clicking the button in the top right. And the calendar will open up, making all the upcoming events easy to see. You can also edit and remove alerts from here if you need to make some changes. Details does as you’d expect… show you details about whatever you’re trading – no more, no less.

With almost infinite layout options and color themes, this is where we see our indicators and drawings come to life. On the opposite side of the dashboard, there is a rather large panel that can display quite a few different things. Most people use this space for their watch list, but it can also be the home for your order panel, chat, and community news feed. As you can see we also have 99 items to review in our Idea Stream, a TradingView-specific social network full of trading ideas. It’s a great way to see some of the additional features Tradingivew provides without putting any money down – this is what convinced me to get a pro account back in the day.