TradingView Tutorial How to Use TradingView for Beginners

Click this to reveal a drop-down menu with all the settings for your account. We’ll start with the top bar menu – or main menu as I like to call it. Your first port of call after opening a pair, this menu contains all the important options for changing the chart. Change the time-frame, select a different pair, and switch between chart types all from within this menu. All your favourite drawing tools like rectangles, lines, and fib retracements are found down the left side menu.

Global markets in your hand

Not that useful for us PA traders, but hey, still cool to have. To manage all your watch-lists, hit the watch-list button at the top. Open this to save, load, and name your different watch-lists – your default watch-list will always be called “Default”. With Magnet (3), you can snap objects (lines, rectangles, etc) to the nearest candlesticks OHLC (open, high, low, close).

Charts that move markets

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. 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. To set this up, just de-select “Overlay” inside the compare menu.

Below I’ve left a small list of the most common questions people ask as well as my answers to them. And if you do have any trouble, just let me know below or shoot me an email and I’ll help you out – check the FAQ below as well. It’s a good idea to change the background of the chart to white also. White contrasts best with the chart colours mentioned earlier, so it just makes everything stand out more and easier to see. My volume skills really aren’t up to scratch, that’s why I leave it off.

How to use TradingView

Allows users to detect major price moves within a Renko box, if they occurred. Reduces market noise by smoothing significant price swings, making it easier to identify trend movements within the market.

For example, if you want to see the chart of Apple stock, you can type AAPL and click on it. TradingViews has a built-in screener that is easily accessible and used by a lot. Again it can be found in the bottom panel with the Pine Editor and the rest. Here is a screenshot of the Screener, there are colored boxes to explain each of their uses.

1. You can also duplicate, lock, hide, or delete any drawing tool by right-clicking on it and choosing the appropriate option.
2. However, if you’re a fan and use them often, head on down to the pitchfork tab to find a bunch of useful tools.
3. I know it’s a lot to take in, but you’ll get the hang of it in no time, trust me.

Tradingview has few interesting chart types here, like the Renko and Kagi, but the candlestick works best for price action, so stick to that. Don’t worry… you won’t need to change or use all of these when you trade. However, it’s important to understand what each one does, so you know how to use the charts properly. Over the next few sections, I’m going to run through all different features and tools on Tradingview and show you how they work.

With the tool, however, you just place the correlated pair on the chart… its price gets overlayed on top of the other pair, making it easy to see how they move and correlate to each other. 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. As many of you know, I’m a HUGE fan big round number levels – prices that end in 500 and 0000. For my money, they create some of the strongest support and resistance levels in the market, with many of the biggest reversals beginning after price touches or comes close to the levels. So, right-click some blank space in the chart area and then select “Settings” from the list that appears. Once you confirm your account, simply log in to begin looking at charts and analyzing price.

Look for the cheapest companies making the most money, or which cryptocurrencies are performing strongest this month. Access data from TradingView’s vast array of feeds, or create your own feeds. Visualize almost anything with Pine’s powerful graphic tools. Rewind markets and review at a speed and resolution you desire.

So switch it over to a candlestick chart to get a better idea of what price is how a 26-year-old college dropout makes $15000 a month with bitcoin and cryptocurrency without breaking a sweat up to. I know it’s a lot to take in, but you’ll get the hang of it in no time, trust me. In a minute, I’ll run you through everything step-by-step, so you know exactly what each option does and how it works.

Now for all you beginners out there, this screen probably looks like a mess of different options and tools. That’s why I thought when I first started using it, and I’m sure that’s what many of you think right now. 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. One of the main differences is that you can choose from different exchanges that offer cryptocurrency trading.

Bitcoin recently produced a major bearish move, the continuation of a bearish trend that started to develop earlier this year. As we arrived at the current market situation, many people are wondering, is this a real or false breakdown? The theory of pattern trading suggests that candlestick formations are rooted in psychological behavior. For instance, when a triangle or box pattern breaks out, it often signals a sudden surge of buying or selling following a period of consolidation. However, it’s important to note that not all patterns yield reliable results.