TradingView Tutorial Lecture Notes

Introduction

• Goal: To make this the best TradingView tutorial on YouTube.
• Feelings of overwhelm as a beginner using TradingView.
• Aim to provide a comprehensive step-by-step guide.

Getting Started

Signing Up

• Signing up for TradingView is free and necessary to save analyses.
• Use special link for sign-up to get a $15 bonus on upgrades.
• Simple sign-up process using Google, Facebook, or email.

Understanding Different Plans

• Free plan recommended for beginners.
• Paid plans include Essential, Plus, and Premium.
  • Advantages: No ads, more indicators (5 in Essential, 25 in Premium), access to exclusive tools like volume profile and all chart patterns.

Navigation and Chart Features

Opening and Navigating Charts

• Open charts via Products > Super Charts.
• Default chart is Apple; change markets using ticker symbols (e.g., BTC for Bitcoin, AAPL for Apple).
• Bitcoin is traded on different exchanges; choose largest like Coinbase.

Types of Charts

• Candlestick Chart: Most popular, shows price movement with color-coded candles.
• Heiken Ashi Chart: Smoother appearance, shows fewer wicks, longer candle streaks.
• Bar Chart and Line Chart: Less common, bar similar to candlestick, line for quick overviews.

Chart Movement and Zoom

• Uncheck auto-zoom for free movement.
• Zoom via price axis and using the mouse scroll.
• Use Ctrl + Scroll for precise zoom.

Appearance Customization

• Change to dark mode via right-click > Color Theme.
• Customize candlesticks and background through Settings > Symbol.
• Reset to default settings if needed.

Technical Tools and Indicators

Basic Tools

• Trendlines: For identifying trends and drawing patterns like channels and wedges.
• Horizontal Lines: For marking support and resistance levels.
• Rectangles: To draw zones instead of lines for support/resistance.
• Fibonacci Retracement: Used to identify potential reversal levels in trends.

Indicators

• Volume Indicator: Measures trading activity; shown as vertical bars.
• RSI (Relative Strength Index): Measures momentum; indicates overbought/oversold conditions.

Time Frames

• Change candle time frames (from seconds to days) via the time frame button.

Advanced Features

Paper Trading

• Practice trading without financial risk using paper trading.
• Set account balance and include commissions for realistic practice.
• Execute trades using market, limit, or stop orders.

Alerts

• Set alerts for price crossing levels, indicator changes, or breaking patterns.
• Useful for tracking important market movements and setups.

Conclusion

• Encouragement to continue learning through playlists and further tutorials on technical analysis and trading strategies.