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Guide to Using TradingView Effectively
Sep 7, 2024
Setting Up and Navigating TradingView
Introduction
TradingView is a powerful and user-friendly charting software.
Offers both a web browser version and a downloadable app.
Recommended to use the web browser version to avoid slowing down your computer.
Getting Started
Go to
:
tradingview.com
.
Create an account
to access different plans: Essential, Plus, and Premium.
Plan Details
:
Essential: 2 charts
Plus: 4 charts, 10 indicators, 10,000 historical bars
Premium: 8 charts
Look out for sales like last year's offer: 6 months free on an annual plan.
Market Data
Importance
: Real-time data is crucial for trading.
Options
: Select individual data or a bundle including NYSE, NASDAQ, etc.
Verification
: Ensure bundle purchase is reflected under Extra Data Subscriptions.
Customizing Charts
Access Charts
: Hover over 'Products' and click 'Super Charts'.
Dark Mode
: Recommended for a calmer view.
Navigate to your username, click, and select dark mode.
Chart Settings
: Change the background color and line strengths.
Watermark
: Shows the ticker and timeframe for easy reference.
Navigating the Chart
Mouse Navigation
:
Left to Right: Click, hold, and drag.
Zoom: Use mouse scroll.
Trackpad Navigation
:
Use two fingers to zoom in/out or enlarge.
Recommendation
: Use a mouse for faster navigation.
Screen Layouts
Multiple Screens
: Select up to four screens to view different timeframes.
Crosshair and Symbol Settings
:
Ensure both are turned on for synchronized viewing across screens.
Adding Timeframes
Access and add more timeframes by clicking the day and starring desired frames.
Common Timeframes
: 15min, 30min, 1hr, 4hr, daily, weekly, monthly, etc.
Layout Sync
Use the globe icon to sync layout settings across different screens.
Searching Tickers
Use the magnifying glass icon to search for tickers.
Type the company name or ticker symbol for quick access.
Toolbar Overview
Cursor Options
: Standard or Cross for precise alignment.
Drawing Tools
: Trend lines, FIB levels, patterns, and risk/reward ratio.
Favorites Toolbar
: Star frequently used tools for quick access.
Setting Alerts
Create Alerts
: Use lines or directly from the alert menu.
Settings
: Customize trigger conditions and messages.
Indicators
Access indicators through the corresponding icon.
Customization
: Turn off unnecessary data display for clean charts.
Templates
: Save specific settings for quick application.
Organizing Tools
Templates
: Save settings for frequently used chart elements.
Object Tree
: Group and manage chart elements for organized charting.
Watchlists
Creating Watchlists
: Add tickers and organize them in sections.
Sharing
: Enable sharing and copy the link for others.
Chart Features
Snapshots
: Take and share chart images effortlessly.
Bar Replay
Purpose
: Practice strategies and learn price action by replaying historical data.
Usage
: Jump to specific points and play bars at different speeds.
Additional Features
Earnings and Analysis
: Access company performance and analysis ratings.
Personalization
: Customize every aspect of your charts to suit your trading needs.
Conclusion
TradingView is highly customizable and enhances trading efficiency.
Experiment with settings to find what best suits your trading style.
Utilize resources like DMs or forums for additional help.
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