Maybe not that useful for experienced traders like us, but for beginners, a great tool that makes finding and marking swing highs and lows very easy. Because of this, I always remove the watch-list, details, and headlines tabs from the right-hand side of the chart window. All you MT4 stans will be kicking yourself over this tool, given it’s one of the few legit things MT4 has over most other charting platforms. You can even send your created indicator or trading strategy over to Tradingview for verification. If it passes, Tradingview will put it in the custom indicators folder for everyone else to see and use. If tinkering with indicators or creating new trading strategies is your thing, the pine editor is where you’ll be spending a lot of time on Tradingview.
You can choose between candlesticks, line graphs, area graphs, and more. There’s also a search bar to the left to change the asset displayed. Another tool to note is the [Indicators & Strategies] button to insert premade analysis patterns like a moving average.
This section mainly covers news and TradingView’s social elements. You can customize your watchlist, private message other users, explore Ideas and Streams, and access a personalized calendar. If you need to find any data, lists, or information, this is the area to visit. TradingView doesn’t offer a brokerage service, but you can trade within the website using the [Trading Panel] tab. You’ll find a list of partners you can exchange with if you already have an open account with them.
Marking chart patterns gets pretty annoying, especially complex patterns like the Gartley, ABC’s and the like. Market replay lets you rewind the market and play it back in real-time, just like a video. I often use this to look back at old trades to see what went right (and wrong) and how I could improve. Tradingview has a HUGE range of options for setting and customizing alerts, some of which you can see above.
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? Tradingview has all sorts of lines and channels for your needs. All your favourite drawing tools like rectangles, lines, and fib retracements are found down the left side menu. As you can see, A LOT of tools feature here, and each one has a drop-down list containing even more within. We’ll go over these in more detail later on, so you can see how they work.
If you want to take your trading to another level, you need a tool that gives you professional charting capabilities. Nevertheless, TradingView is worth trying for its chart tools alone and is a great place to backtest trading strategies. Technical analysis is a deep topic, and you'll have more than enough to explore with just a free account. TradingView is just one choice out of many when it comes to asset screeners. Most offer a similar set of charting and trading tools, but let’s take a look at the main aspects.
Change the chart settings by right-clicking and selecting “Settings”. Once you have list selected, you can download it by clicking on the arrow just left https://www.xcritical.in/ of the timeframe button. First, you need to decide which Dimension (1) you are going to use to screen your stocks (overview, performance, valuation,…).
A custom indicator, this automatically finds and marks all swing highs and lows for you. You can change anything and everything, trading toolbar and even create your own strategies if you like. The bottom menu contains some of the best tools on Tradingview.
You can select the news sources by clicking on the little arrow next to the title. So if you’ve just used a drawing tool you won’t have to select it again in the sidebar to use it again. Actually, a lot of traders use it as a complement to their broker’s trading platform (this is what I do). It is just so easy to access, on all my devices, in a matter in seconds. Purely web-based, it is one of the most versatile and powerful platforms out there.
If you click on the arrow you will have a list of the most popular indicators, but if you click on the button you will have a choice of indicators in 6 categories. This is quite straightforward, a quick and easy way to either remove drawings, indicators, or both. Afraid of losing or moving some of your drawings or tools, clicking here will lock their position on the chart. If you want the text to remain static when you scroll on the chart then select the “anchored” options. Adding text on your chart is useful, you might want to add notes or comments around your trades or positions. With these tools, draw Pitchforks, Schiff Pitchforks, Gann boxes, Gann squares, Gann Fans, Fibonacci retracements or extensions and many other options.
Next comes the measuring ruler, it will help you measure price ranges in terms of percentage, bars or absolute value. Hundreds of icons or pictograms can be inserted on your charts, check out this huge catalog. Another great feature to make your charts more lively and clear. You might be perfectly happy with the above functionalities. However soon enough you will probably want to do away with the ads and unlock the Pro features.
- Spend some time customizing your graphs, it’s really worth creating your own visualizations.
- However, if you’re a fan and use them often, head on down to the pitchfork tab to find a bunch of useful tools.
- The Trading tab shows the important options related to this, so check it out once you connect your broker/exchange to see what stuff needs enabling and disabling.
- Afraid of losing or moving some of your drawings or tools, clicking here will lock their position on the chart.
- Change the chart type by clicking the little chart icon and selecting “Candlestick” from the drop-down list.
They have Twitter, Stocktwits, message boards, but that is usually scattered. Hitting the snapshot button will enable you to either create a link to your chart, download the file or tweet it. To use it, just click on the “Jump to” icon, and adjust the red bar on the chart as your start point. Then you decide on the validity of the alert (once or every time), and you can set when it expires. There are so many indicators you can choose from in TradingView.
Its review profile is excellent and you can use it in conjunction with a free account to get the basic functionalities. Videos can be up to 20 minutes long and all you need to do is tick the Youtube box in the idea sharing dialog box. Another option is “Paper Trading”, equivalent to a demo account in TradingView.