Technical Analysis with TradingView in Python

Introduction

• Focus: Learn technical analysis using TradingView in Python.
• Key Package: tradingview-ta (Technical Analysis package).
• TradingView Overview: A platform providing stock, currency, and crypto data for analysis and visualization.

Disclaimer

• Video content is programming advice, not financial advice.
• Users should not base decisions solely on the recommendations from the analysis output.

Installation

• Open command line.
• Install package using Pip: pip install tradingview-ta

Importing Necessary Modules

• Import relevant modules in Python: from tradingview_ta import TA_Handler, Exchange, Interval

Creating a TA Handler Object

• Example to analyze Tesla (TSLA): tsla_handler = TA_Handler( symbol='TSLA', screener='America', exchange='NASDAQ', interval=Interval.INTERVAL_1_MINUTE )
• The interval defines the time gaps between data points.

Analyzing the Symbol

• Get analysis from the handler: tsla_analysis = tsla_handler.get_analysis()
• Key components of analysis:
  • Summary: Provides aggregated recommendations (e.g., buy/sell/hold).
  • Indicators: Technical indicators used for deeper analysis (e.g., RSI, MACD).

Summary Breakdown

• Recommendation types in the summary:
  • Strong Buy
  • Buy
  • Neutral
  • Sell
  • Strong Sell
• Replace TSLA with other symbols (e.g., MSFT, NVDA) to view different analysis.

Accessing Indicators

• To get specific indicators: tsla_analysis.indicators
• Common indicators:
  • Relative Strength Index (RSI)
  • Moving Average Convergence Divergence (MACD)
  • Simple and Exponential Moving Averages
  • Volume indicators

Working with Different Assets

• The tradingview-ta package works with various assets:
  • Stocks, currencies, cryptocurrencies

Searching for Assets

• Use the TradingView database: tvdb to find Ticker symbols, exchanges, and screeners.
• Example for cryptocurrency (Bitcoin to USDT): btc_handler = TA_Handler( symbol='BTC/USDT', screener='Crypto', exchange='Binance', interval=Interval.INTERVAL_1_MONTH )

Analyzing Currencies

• Example for Forex pair (USD/EUR): usd_eur_handler = TA_Handler( symbol='USD/EUR', screener='Forex', exchange='FX_IDC', interval=Interval.INTERVAL_1_HOUR )

Conclusion

• Technical analysis made easy with TradingView in Python.
• Viewers are encouraged to interact, like, and subscribe for future content.