Comprehensive TradingView Tutorial Guide

So my goal with this video is simple but ambitious. I will give it my all to make this the best TradingView tutorial on YouTube. When you just start off using TradingView it can feel really overwhelming. And I know because I still remember how I felt when I started. Things such as, you know, how do I even find the right chart? How do I find the right indicators and tools? And what does the indicators and tools even do? How do I set alerts? What's the replay mode? Is it possible to place trades within TradingView? And so on and so on. Because I still remember how it felt getting started and because I have a strong passion for education, I really hope this will be the only TradingView tutorial you will ever need. I will, in a step-by-step manner, go over everything from, you know, how to get started, how to sign up, open up your first chart. all the way to how to use TradingView like a pro. So yeah guys, grab a pen and paper, perhaps grab a coffee or an energy drink. And without further ado, let's get started right away here. So when you first open up TradingView, it should look something like this. And the very first thing we need to do here is that we need to sign up. Because if you don't sign up, you will get this pop-up window. And when this window appears, all your analysis will be deleted. The good news is that signing up for TradingView is free and very simple. And for the signup process, I have actually managed to get a special link from TradingView that will be both in the top comment as well as in the top of the description. You can use this link to sign up to TradingView for free. But then if you later on decide that you want to upgrade your plan to a pro or premium version, you will get a $15 bonus towards your plan. And at the same time, I will get a small commission. So that is a great way to get benefits and help out the channel at the same time. So the best way to sign up is to use the link. But if you for some reason don't want to, you can simply go to tradingview.com and press on get started right here. So after clicking on the link, you should get a window that says you were invited to TrainingView. Then you want to click on join now for free. And here you can go through a simple signup process using Google, Facebook, email. and so on. So now I have signed up and I'm logged in to a free TradingView account. And let's start here by taking a look at the different TradingView plans. So I want to go up here to the upper right corner and press on upgrade right here. And we basically have four different options. We first of all have the free option and this is what I recommend all beginners to start with. You can start off with the free option. Then if we scroll down a bit here you can see that we have three different paid plans. We have the essential plan we have the plus plan and we have the premium plan and if you guys want to you can also see that you can actually try out all of these plans for 30 days for free so if you are a complete beginner I either recommend that you go for the free version or that you go for one of these 30 day trials and also remember guys to get the $15 bonus if you eventually want to upgrade it's important that you use the link down below. But what are some benefits from these paid plans? Well first of all you can see that all of these paid plans will have no ads. Unfortunately the free version will have some ads on it but in my opinion that's not a huge deal. However one of the main benefits by having the paid plans is that you can have more indicators on the charts. The free version can only have two indicators at the same time and already when you upgrade to the essential version you will be able to have five indicators and that's a pretty big upgrade and if you take a look at for example the premium version you can have up to 25 indicators at the same time which is a massive upgrade and there are also some tools and indicators that are not available on the free plan one such tool is the volume profile which you will get from all the paid plans right here and some indicators let's search for a specific one this for example which is called all chart patterns is an indicator that will automatically detect chart patterns on the chart but you can see that this is one of these indicators that are only available for the premium version and so on and so on but as you can see you can definitely use the free trial if you want to get the full experience but guys definitely don't worry going for the free version as a beginner is the way to go in my opinion or as I said to go for one of these free trials. All right, so now I have logged in to a free TradingView account. And this right here is the starting screen for TradingView. As you guys can see here on the starting screen, we have a few popular markets such as Bitcoin, Tesla and Apple. You can get a sort of little overview. of what's going on. We also have a few tabs here, products, community, markets, news and so on. And you get a nice little overview here. But I think that the very first thing and the very first step we need to understand is how do we open up a chart. So to open up a chart, you want to go here to the products tab and you want to press on the super charts button. And now as you can see, we have opened up our first chart. The standard chart that tends to open is Apple. Right now, we're looking at an Apple chart, which you can see in the upper left corner. You can see it says Apple Inc. right there. And if you want to change the market, so you want to look at another market, what you simply do is that you go up here to the upper left corner. You press where it says AAPL right here. And here, a window pops up and you can search for any stock, cryptocurrency, or whatever you want to trade. And here, when you want to search for something, let's for example say that you want to open up a Bitcoin chart. What you can do and what many people will do is that they want to search for Bitcoin. But if you want to find markets more effectively, what you preferably want to search for is actually something called a ticker symbol. So for example, the ticker symbol for Bitcoin is BTC. The ticker symbol is basically a few letters. that are assigned to a specific market and this will make trading view understand better what you're actually searching for to find the ticker symbol for a market you can google it so you can for example google bitcoin ticker symbol or google apple ticker symbol for example for apple the ticker symbol is a a p l so you can see if we search for a a p l we will find apple right away if we want to find the tesla i think it's at t-s-l-a so you can see if we search for t-s-l-a we will find tesla but now let's open up a bitcoin chart so what we do is that we search for the ticker symbol so we search for btc and here this can look a bit confusing because as you can see we have many many different bitcoin markets here and you may of course wonder you know what is the difference between these charts well as you can see on the right here you can see that we have different sort of exchanges for bitcoin and this is simply because bitcoin is traded on different crypto exchanges. So for example you can see that the top here is a bitstamp. You can see that the second one here is coinbase. Coinbase is the largest crypto exchange in the world if i'm not wrong. As a rule of thumb it's good to open up the market with the largest exchange. So let's open up a bitcoin chart here or to be more precise let's open up bitcoin on coinbase. So now as you can see we have opened up the bitcoin chart and your chart should look something like this. You should see sort of green rectangles and red rectangles right here. This type of chart is what we call a candlestick chart. And if your chart does not display candlesticks, what you basically do here is that you go up to the upper left corner and you press on this button right here. And you can see that here we can choose between many different types of charts. The candlestick chart or candles, which I have currently selected, is by far the most popular type of chart. Now I'm gonna insert a short clip where I explain how to read candlestick charts. How to read candlestick patterns. So we have two main types of candles. First of all we have the red candle which is also called a bearish candle and we have the green candle which is called a bullish candle. A bearish candle is a candlestick where the price decreases during the session. And a bullish candle is a candlestick where the price increases during the candle. Every candlestick can represent different time frames. So one candle can be for example one day, but one candle can also for example represent one hour or even one minute. But for the sake of this example we can think about every candlestick as representing one day. So for the green candle or the bullish candle you can see that the price opens or starts right here. So the day starts right here and the day closed all the way up here. So you see that during the day the price increased. But you can also see that we have a low point all the way down here and we have a high point all the way up here. This means that during the day the price went down all the way down here as the lowest point and during the day the price increased and reached a highest point all the way up here. But then when the day closed the price was at this level right here. The same thing but the opposite is true for the red candle or the bearish candle. The red candle started the day right here. During the day it went up, reached highest point all the way up here. The price went down to a lowest point which is all the way down here. But the day closed at this level right here. Now as for the terminology. The white part of the candle which is this part right here for the red one. And which is this part right here for the green one. This is what we call the candlestick body. Or sometimes we call it the candlestick real body. We use these words interchangeably. The small part of the candles, which we have right here, right here, right here, and right here, we call wicks, or another word is shadow. So if you hear either wick or shadow, you know that we talk about the small part of the candle. Another very popular chart type is Heiken Ashi candles. So to switch to a Heiken Ashi chart, we go up here and press this button once again, and we go down here to where it says Heiken Ashi. So let's press on Heiken Ashi right here. And now as you can see, we still have candles on the chart, but the candles look quite a bit different. This is because the calculation method for these candles is different. And I think that going into detail on how Heiken Ashi works is a bit out of the scope for this video. But in simple terms, the Heiken Ashi chart will have a smoothing effect. So you can, for example, see that we will have fewer wicks here. You can also see that we will have sort of longer streaks of green and red candles on the chart. This chart type can many times lead to fewer but more significant signals. Let's change the chart type once again. Let's change the chart type once again so we go up here to this button right here. Another type of chart I want to show you guys is the one at the top here. This is the bar chart and in very simple terms the bar charts works the exact same way as the candlestick chart the only difference here is the appearance of the chart so if you prefer this look right here it's a bit uncommon but some traders prefer this type of look then you can use the bar charts and real quick i can of course also show the most simple type of chart which is the line chart and the line chart is just a simple line right here this is not very common to use when trading but some traders actually use line charts especially when they just quickly look at you know charts to get a sort of overview you can use this type of chart as well but now guys let's go up to this bottom once again and switch back to the candlestick chart as I said This is the most popular chart type. This is the chart type I use. So I will use this for the rest of the video. So now I'm going to talk about something very important and something that will make your trading view experience much more pleasant. And that is basically how do we move around the chart? How do we, you know, zoom in and zoom out and sort of navigate the chart? in an effective manner. This is very important and this is something that I remember was pretty confusing when I got started. So first of all the very first thing you want to do is that you want to go down here to the bottom right corner and you can see that we have a button here which says A. You want to make sure that this button is unchecked because if we have this one checked, let me check this one. As you can see now when we navigate the chart it will automatically zoom in and zoom out. So if you have this button checked you are not really free to move around the chart as you want. Some traders uses this but most traders don't use the auto zoom button and I recommend that you you know at least in the beginning don't use this one it's much more effective in my opinion. to be able to zoom in and out freely. So what I'm gonna do here is that I'm gonna make sure that we have the auto button unchecked here so that we can move around freely. So now then, how do we zoom in and zoom out? Well the most basic way is first of all if you want to zoom in and out you can hold on to the right side where you can see all the prices so you hold your left click button and you can drag you know down and up here to zoom in and zoom out on the vertical axis and you can also hold your left click button on the sort of lower part where you see all the dates and such and then you can basically zoom in and zoom out on the horizontal axis however in my opinion this is not the most effective way to move around. The most effective way to move around in trading view in my opinion, some traders differ a bit how they do this but this is how I do. First of all what you can do is that if you hold your left click on your chart you can see that you can move around the chart by just holding on to your left click and this is how I move around. But what I also do is that I move around like this and then I use my mouse scroll button to zoom in and out here on the horizontal axis at the same time. So this is basically how I move around the chart in a quick manner. And I also use the sort of sidebar here to zoom in and out. So this is basically how I move around, you know, quickly in trading view. Another sort of tip or trick for you guys is, you know, if you want to zoom in on a specific point here on the chart let's say that i want to zoom out zoom in let's say that i want to zoom in right here what you then can do is that you can hold your control button and you want to make sure that you hover your mouse over the point where you want to zoom in so you hold ctrl you hover your mouse and then you use the scroll wheel button and as you can see then you will zoom in to that exact point let's see let's say we want to zoom in at this exact point right here then we hover the mouse above we hold control and then we basically use our mouse scroll wheel to zoom in to that specific point so that is a quick tip that you can use you know to navigate the chart a bit more easy now guys let's take a look at you know what about if you want to look at a chart let's say that you want to look at a chart on a sort of very long time perspective like for example right here as you can see in this case you can see that the recent price movements take up a very large portion of the chart while the sort of price movement from you know long long time ago you can't barely see it on the chart as of right now. The solution to this is to use a logarithmic scale. So what you want to do here is that you go down once again to the bottom right corner and now you actually want to use the auto zoom but you also want to click on this L button right here which which says logarithmic. So let's press on that one. And now as you can see the chart looks completely different and that is because now the movements we couldn't even see before, now these movements are clearly visible on the chart. And what the logarithmic mode basically do is that the price movements from a long time ago will take up about as much as the recent price movements. I will not go into detail, you know, the math. behind the logarithm scale but what it's meant to do is basically so that you know small movements from long time ago you can see them much more clearly. But since most traders are focusing on the recent price it's pretty uncommon to use the logarithm mode so now I'm gonna uncheck the logarithm mode and I'm gonna uncheck the auto fill. So let's go back here to the recent price right here. So now I'm gonna take a look at something that I get asked a lot regarding TradingView and that is how do I change the appearance of the chart. You know many traders prefer to not use a white chart. It's very bright for the eyes especially if you know if you sit for long hours. It can be very annoying for the eyes especially here in winter time. My eyes tend to get a bit dry and you know staring at white screens can make it a bit worse. So now the first thing I want to show you guys is how do we change TradingView to a dark mode. The most simple way to do this is that you simply right click on the chart, you go down here to where it says color theme and you press on dark. And now as you can see the background of the chart is dark and you can also see that the sides are dark, everything is much darker and more pleasant in my opinion. However some users of course prefer white background, it's a purely personal preference. But also guys, many people of course want to customize their chart even further. You know, for example, make it darker, make it brighter, or even change the colors of the actual candlesticks. And to do that, you once again, you want to make sure that you right click on the chart, and you want to go here to the settings tab. Now you can see a chart settings button appear here. And if you want to change how the candlesticks look like, you go up here to the symbol tab right here. And here you can see that we have many customizable things. The first one is, you know, the candlestick body. And as you can see, if we, for example, uncheck this one, so this is how it looks like checked. But if we uncheck this one, you can see that the candles will be sort of hollow. The middle part of the candles will disappear. Some traders actually use this kind of chart. I think it looks pretty cool. Actually very cool in my opinion. So you can do that if you want to. But what you also of course can do is that you can change the color of the chart. So the bullish candles is the standard is a green here, but you can change them to, for example, white if you want to. Some traders use white for the bullish candles. Polish candles and black for the bearish candles then you can change the border to black and white as well and you can change the for example the wick to black and white and if we press okay now you can see that we have a pretty cool chart that looks something like this you can basically if we go back here to the settings tab you can customize your own candles however you like there are many different many different options here so if i were you i would take some time and make a chart that really looks nice To you then we have a few other Settings here these ones you know the status lines are in my opinion the standard settings are good The standard scale settings are good here on the canvas button Here you can change the sort of background of the chart. So this is very important For example right now you can see that we have a background with a gradient but let's say that we want you know a completely for example black background then we can click on solid right here and change the background to black now because we have black candles you won't be able to see the candles let's for example change to gray right here or something like that basically feel free to mess around with this however you like you can choose to you know disable the sort of line we have on the chart right so you can for example press none right here and the lines on the chart will disappear but I will not go into too detail about these settings I think they are pretty straightforward but as I said before make sure to take some time to customize your chart to exactly how you want I can just mention now we have messed around a lot with the chart here so if you want to go back to the basic settings you simply go down to this button right here and and you click apply defaults now the chart will go back here to the basic settings but we are on the dark mode and if you want to change back to the light mode you do exactly as i showed you guys before but you press on light so now guys i think you are finally ready to start learning about the really fun stuff and the really useful stuff i'm talking about the tools and indicators you use to actually make your analysis and of course guys there are tons of indicators on the TradingView and the tools so I won't be able to go over them all but what I will do right now is that I will go over some of the most common ones and some of the most important ones and if you learn all of these tools I will show you guys you will have some great basics and you will be able to start practicing. Later on in this video I will also actually show you guys how you can trade inside the TradingView platform. with sort of fake money. That is called paper trading and I will show you guys exactly how to do that later on in this video so make sure to stay tuned for that. But for now let's take a look at some of the most important tools, technical analysis tools in TradingView. And the most common TradingView tools can be found here in the upper left corner. And the first thing I want to show is the trendline tools. To open this one we basically press on this arrow right here and here you can see see that we have many different trend line tools and the first and one of the most important tools is the simple trend line so let's press on this one right here and how do we use the trend line well it's pretty simple you press on one point on the chart and then you press on another point on the chart and you will draw a trend line if you want change how the trend line looks like you can go up here you can change the color let's say we want to change it to black we can do that and if you press on this button right here we can change how you know wide the trend line will be because this is education i'm gonna make this super wide so it's very clear and i could actually make a whole video on how to draw trend lines correctly but let me just give some basics so one way you can use trend lines is to find sort of trends and trends in the market is when we make consecutive higher lows while at the same time we make consecutive higher highs so right here you can see that we have an uptrend right so what you can do is that you can use your trend line here to sort of try to analyze this uptrend you could draw it something like this you can see we have at least one pretty much two three touches right here So this is a very basic way on how to draw a trend line. Another thing you want to understand is something called a trend channel. And a trend channel is basically when you take the line right here and you draw a sort of parallel line on the top of the trend. So it could look something like this. If you wonder how I used recently Copic... the trend line what i basically did let me delete this one i press on this one i click delete so if you want to copy a trend line you basically press on it and then you press ctrl c and then you press ctrl v and then uh you know parallel trend line will appear then you can simply hold to this trend line and drag it like this and just to be clear guys i'm definitely not saying that bitcoin is in a perfect trend right now I'm only doing this to show you guys like how the indicators work. And this is just the chart we chose. So I just want to make that clear. But that is the basics on how to draw trend lines. You can also use the trend line tool to draw sort of patterns. To show you guys this, let's actually see if we can try to find some sort of real pattern right here. Here, what we can actually see, this is, you know, this takes a while to get good at to spot. But here I can actually see a sort of falling wedge pattern. So what I do is that I use the trendline tool, I draw a line like this, I use the trendline tool once again, and I sort of draw a line like this. This is what we call a falling wedge. It's not very important that you learn that right now. A falling wedge is basically when we have an impulsive move towards the upside, the price goes against the direction of the initial move in a sort of pattern that gets a little bit more of a twist. sort of tighter and tighter here and when the pattern gets tight we usually see a breakout to the upside so you can see that this was actually an example of a sort of real pattern that you can use and draw using the trendline tool now the next tool i want to show you guys let's go up here to the trendline tools once again let's actually go down a bit here and let's take a look at the horizontal line this one is super simple if you select this tool and then press on the chart you can see that a horizontal line will appear. Once again, I'm going to change this one to black and I'm going to increase the thickness a bit here so you can see more clearly. And this right here is a very common tool to find support and resistance levels. So let's take a look at this chart right here. As you can see, the Bitcoin price, it looks like it sort of bounced right here. The price broke below. Then we saw some sort of hesitation right here. We can see that the price got reacted right here. Once again, so this is a clear example where it looks like we have some sort of, you know, support and resistance. In this case, we can actually see that this one acted as support, the price broke support, and then the price flipped to become resistance right here. It acted as resistance once again right here, and looking a bit to the right, we can actually see that when the price broke this level once again, the price came down and tested this one as support. multiple times later on. So this is an example of a very nice sort of horizontal trend line that acted both as support and resistance. You can also see that it looks like we had some sort of a line right here. This one acted as resistance one time, here it almost acted as resistance once again and here you can see resistance. And as you can see when the price finally broke this resistance this was actually the beginning of a massive move. towards the upside. But unfortunately many times support and resistance levels will not be sort of perfect lines. They will be more similar to sort of price zones or price areas. So in order to draw a support or resistance zone or support or resistance area what you want to do here is that you want to go down to this tool right here which says geometric shapes. You click on this one and you navigate down here. to the rectangle tool. By using this tool you can see that we can draw a sort of rectangle and this is many times a better representation of a support and resistance level. So for example the level we talked about earlier would probably it would probably be better to draw this level as a sort of zone. You can see we can draw it something like this because as you can see the price support and resistance areas will not be many times not be you know these perfect flat lines, most of the times they will be more similar to a zone. We can't know exactly where the support or resistance are, but we can try to figure out a sort of a broader area where the price is more likely to act as support or resistance. Now guys, we're ready to take a look at the next tool. So we want to now go up here to the GAN and Fibonacci tools. We press on this button right here. And I want to use the fib retracement. To use the fib retracement you basically click on one point on the chart and then you click on another point. And this one can look very confusing in the beginning. But don't worry, I will explain exactly how it works. So first of all, you can see that we have sort of numbers right here. These numbers are basically percentages. So for example, this number right here, where it says 0.786, that basically means 78.6%. This number right here, where it says 0.618, basically means 61.8%. This one means 50% and so on and so on. And this tool can be used in both uptrends and downtrends. As you can see right here, we have a clear uptrend. We can see that because the price... is printing both higher lows and it's also printing higher highs. And you may of course wonder, how do we even use the Fibonacci tool? Well, what you basically do is that you use the tool, you anchor the tool from the low point, so the swing low to the swing high. So you start the tool at the low point in a swing. A swing in trading is basically from the lowest point to the highest point and you start the two right there and you end it at the highest point and the interesting point about fibonacci is that many times the bounce will happen in between these two lines so the price usually reverses in between 0.382 to 0.618 so as you can see we had a move to the upside the price pulled back here a pullback is when we see a move against the direction of the trend and as you guys can see the price then reversed in this area right here you can see the area between the 0.382 and 0.618 and then the price continued to the upside. Once again we can use our Fibonacci tool remember we anchor from the swing low to the swing high and as you can see where did the price reverse well once again the area in between 0.382 and 0.618 you can see that that the price reversed in this area right here and then we saw the next move to the upside. We can repeat this process once more we anchor from swing low to swing high and once again you can see that the price reversed in this area right here and we saw yet another move towards the upside. Now guys I want to show you one of the best indicators in TradingView and this is a pretty simple indicator but it's very important to understand it and be able to use it. So to open up this indicator and to open up any indicator in TradingView, what we do here is that we go up here to the indicators tab and the indicator I want to open here is something called volume. And as you guys can see, we have many different types of volume indicators. For now, I'm going to show you the basic volume indicator that is just called volume right here. So let's open this one up. And as you guys can see now sort of multiple vertical bars has appeared here in the bottom of the chart. And let's for example zoom in to this price right here to explain what volume is. In very simple terms volume measures trading activity. So when we have sort of long bars like for example right here that means that we had lots of trading activity during this candle. And you can see that when we have sort of small volume bars, you know, relatively small volume bars such as this bar right here, that means that during the next candle, so during this candle, we had much less trading activity. Remember guys that we are on the Bitcoin chart. So in this case, the volume bars will basically represent how many Bitcoins changed hands during that specific time period. And we are currently looking at Bitcoin on a daily time frame. That means that every candlestick on this chart represents one day. So what the volume bars will represent is basically how many Bitcoins changed hands during that day. If you guys want to dive deeper into volume analysis, you know how volume works and how you can use it to improve your trading, I highly recommend all of you to watch this video about volume. And now guys, I actually almost forgot to show you something important. As I recently said, right now every candlestick represents one day. But what about if you want to change this? Perhaps you want every candlestick to represent one hour, or you are a short-term trader and want every candlestick to represent only five minutes. So now let's take a look at how to change the time period of each candle, or in other words, how to change the time frame. This is very simple, what you do is that you basically go up here to the bottom where it says D-R- Right here you press on this button and as you can see here you can change time frame You can as you guys can see you can change it from super short periods even down to seconds right here You have for example one second, you know, 10 second candles and so on and so on However, if you are a beginner, I would highly suggest that you avoid these super short time frames for now This is more advanced stuff, but you can definitely check out the more longer time frames For example, if you want every candlestick to represent one hour, you click on this button right here. So let's press this one. And as you can see, now the chart changed. So now instead of every candlestick being one day, every candlestick will be one hour. If you want to change this one once again, let's say that we want to have an even more detailed chart, then we can change to the five minute time frame. So here on the chart, Every candlestick represents five minutes and so on and so on. This is basically how you change the time frame But for now guys, let's go back to the daily time frame So now guys, let's take a look at something that I think many of you guys have been waiting for and that is of course You know, how do we use trading view indicators and to use indicators as I mentioned earlier? we go up here to the indicators tab and as you can see i recently made volume one of my favorites you can do that by clicking on the star button right here but as you can see tradingview has tons of different indicators there are so so many indicators right here you both have indicators that are built by tradingview you will find them here on the technicals right here but if you go down here to community scripts you can see that we also have tons of different indicators that is sort of built by the community so this some of these indicators are amazing and you know they can be pretty complicated sometimes i have made tons of videos here on the channel where i talk about different trading view indicators and how they work so if you want to learn more about indicators and how they work I recommend you all to check out my YouTube playlist it will be linked up in the corner in the eye of this video but for now let's just open up a you know simple but useful indicator so what I want to do here is that I want to search for RSI. The RSI is one of the most common and one of the most widely used indicators in the world and as you can see of course we have many different types of RSI's these are all indicators that is built by the community but we also have the standard rsi indicator which is called relative strength index and this indicator is built by trading view so to open this one up we basically click on this one right here and as you can see now the indicator has appeared here on the bottom of the chart i will not go too into detail you know how the rsi works But in very simple terms the RSI measures something called momentum. And momentum is the speed and velocity of the price. So as you can see when we see strong movements like for example right here this will lead to strong readings on the RSI indicator. So you can see that we have a high reading on the RSI and that is because we have such a strong movement. If you look a bit more to the left here you can see that here is yet another example of a very strong movement towards the upside. And once again, we will have high readings on the RSI. If you look a bit to the left here to find a sort of movement towards the downside, you can see that here is an example of a strong movement towards the downside. And this will lead to lower readings on the RSI indicator. Next, I want to show you guys a... clip where I go over a great TradingView indicator for beginners. Alright, so the very first thing we want to do is to open up a clean chart in TradingView. Currently, I'm looking at Nvidia on the five-minute time frame. frame. You can use this indicator trading stocks, cryptocurrency and forex and you can use it on multiple time frames. Now guys we are ready to open up the indicator so what we want to do here is that we want to navigate up here to the indicators tab in trading view and what we want to search for here is we want to search for all then candlestick and then patents. If the indicator does not appear right away you can try to type a star here at the end and type a star here at the beginning. And as you guys can see multiple indicators should appear here in the indicators tab but the one we want to choose here is the one at the top that is simply called all candlestick patterns. So let's open this one up. When you first open up the indicator we will have some signals you don't need and some signals will be missing. And in order to fix this it's important to change the settings. So we want to go. Go up here to the settings tab for the indicator and as you guys can see we have tons of different signals here so it can be a bit confusing in the beginning but don't worry I will walk through in a step-by-step manner how to find the best reversal signals that also appears often on the chart. But the first setting we have to understand is the detect trend. based on. And you can see here that we have a few different settings here. And what this setting basically do is that it filters out some of the signals based on moving averages. So if you for example have no detection we will have much more signals appearing on the chart and in order to filter out many of the false signals what we want to do here is that we want to choose the SMA 50 right here so that's very important. Now for the second part of the setting here you can see that we have many many signals. The first thing I do want to do is that I want to uncheck all of the signals right here so make sure that we have a clean slate here on the signals and now we want to go ahead and choose signals that both appear often and that also are ripped. reversal signals. So you can go ahead here and first of all check the engulfing pattern. You can check the evening star. You can go down a bit here. Make sure to check the hammer pattern as well. You want the hanging man. Let's see here. We also of course want the inverted hammer which is the opposite of the normal hammer. That is also a common reversal signal. We also want the morning star right here. And what you also can do here if you want even more signals is that you can check the dragon doji and the gravestone doji as well however these signals does not appear often but it doesn't hurt to have them on the chart as well what you also can do is to check in the morning doji star and the evening doji star as well so now i do think we have all the signals all the common reversal signals we need here if you want to you can of course change the styles as well but i think we are now ready to go down here and press okay oh i'm actually sorry guys we actually missed one important signal this is another one that happens frequently here in the market and that is of course the shooting star which is basically an upside down hammer. So now guys we are finally ready to press ok. So now then, how do we use this indicator to find reversals? Well we need to understand a few things here. The first of all is that the blue signals that appears on the chart are bullish reversal signals, meaning that they indicate a potential reversal to the upside. Conversely, the red signals here on the chart are bearish reversal signals, meaning that they indicate a potential reversal to the downside. What you also can see is that on the signals we have a few different letters. You can for example see that on this signal it says BE. That stands for bullish engulfing pattern and that is a bullish reversal pattern. And you can for example see that on this bearish reversal signal right here it says SS and that stands for a bearish shooting star pattern and so on and so on. These signals can on their own be very useful but for the best results You want to combine this indicator with support and resistance. Another thing I get asked very often is, you know, is it possible to practice trading inside TradingView? And the answer to that is luckily, yes. There is a thing called paper trading which you can use to practice trading without any risk inside TradingView. This is something I really recommend all beginners to do before they start with. you know real money so make sure guys to really pay attention to this clip and the first thing you want to do here in order to get started with paper trading is that you want to open up a chart you can open up any chart really but let's go up here to products and press on super charts and let's go up here to the upper left corner and press here as you can see right now I'm using Bitcoin but you can use any market really but for this video let's just use Bitcoin here so I'm gonna press Bitcoin on Coinbase and open up the charts. Alright then, so now when we have a chart open we want to go down here to where it says trading panel here in the bottom and to make it a bit more clear I'm gonna go to this button right here and maximize this panel. And as you can see on this panel we have many different brokers we can use to actually trade with real money in TradingView. We have tons of different brokers here but this video is all about paper trading. So what we want to do here is that we want to navigate to the paper trading tab here and press this one. And all you have to do here is basically to click connect. What this will do is that it will basically connect your current TradingView account. So you need to make sure that you at least have a TradingView account. And by the way, if you are ever interested in upgrading your TradingView plan, I actually have a special link for that. So make sure to leave that link in the top of the description and in the pin comment. You can use that link to get a $15 bonus if you are new to TradingView or if you are thinking about upgrading to another TradingView plan. But now guys, let's take a look at the paper trading panel. You can see that it says paper trading up here, it says my account name and so on and so on. And the first thing I want to do here is that I want to go to the settings tab. And the first thing I want to show you guys is that if you go down here to where it says reset account, let's press on this one. you can see that we can decide what balance of fake money we want to start with. So the standard balance is that we start with 100 000 but if you want another amount let's say you maybe want you know to start with 1 million you can choose 1 million and press reset here and then as you can see up here in the corner you can see that we now have an account balance of 1 million. Let's now go back here to the settings tab because we have another pretty interesting setting here that can be super useful and that is to include commission so we want to check this button right here and the reason we want to include commissions is because when you trade in real markets there will always be or pretty much always you will have some associated costs so when you trade you usually have to pay a small amount to your broker so you can see that we can choose here where it says commission type you can see that we can either choose a you know percentage or a fixed amount and for this example let's just choose a fixed amount here and you know let's say that we have a fixed amount of one us dollar by chasing these settings it will be a bit more clear if you would actually be profitable in real life so let's just choose the settings right here and press save you can also see that we have a few tabs here we have positions orders history and so on and so on and these are all empty right now And that is of course because we haven't taken any trades yet. So now guys, let's switch the attention. Let's actually go up here and hide the panel once again. Because now we are finally ready to start paper trading. So to open up a trade now, you can see in the upper left corner, we have a sell button and a buy button. And to open up the paper trading tab, you basically click either buy or sell. It doesn't really matter right now. Let's just click. buy market. Let me adjust this one a bit here so you can see clearly. Now you can see that a new panel appeared and this panel right here is basically where we take our trades. So we have the sell and we have the buy and we also have some different types of order. We have the market order right here which is basically that you buy or sell at the current price. So right now bitcoin is at 27 860. So by using a market order you would basically just buy at that price. A limit order is a bit different. A limit order is basically when you set a certain level where you will buy or a certain level where you will sell and the stop order works in a similar fashion. In this video, I will not go into too much detail on the different order types. I actually just recently made a video where I talk in depth about how these order types are different. So I will make sure to leave a link to that video up in the corner in the eye of this video. But for now, let's just use the market order. Let's make a super easy example. We use a market order here and now we are ready to take our trade. So we go to the market order and we are currently on the buy tab. And here you can see it says units. That is basically how many, in this case, bitcoins do we want to buy. Bitcoin is pretty expensive, so we can keep it at one. Realistically you might want to use 0.1 or even less because Bitcoin is an extremely costly asset. You also have a tab where it says take profit and stop loss. And let's start by taking a look at what the take profit does. Well by using the take profit you will choose a specific level here on the chart that if the price goes up and reaches this level we will automatically take a profit. The opposite is true for stop loss. A stop loss is when we set a level that when the price goes down to that level or below we will automatically sell the asset. And using a stop loss is super super important when you trade. Many times the take profit level can be a bit more flexible but setting a stop loss is very important especially if you are a beginner trader. So let's just take some random numbers and show how we can do this. So you can see For example, right now, Bitcoin is at around 27,900. So let's just, for the sake of example, say that we want to have our take profit at 27,950. And let's say that we want to have our stop loss at 27,950. 7 850 and remember this is a market order so when we buy we buy right away so let's press buy right here and now as you can see a few lines appear here on the chart first of all we have the blue line right here and that is the level where we entered the trade we have the green line which is our profit target and we also have our stop loss right here which is the level that when the price if the price goes below we will automatically sell our position. So now guys, I'm gonna speed up the video. Meanwhile, I will take a bathroom break and you will see how this trade played out. All right guys, so that was some quick and easy money right there. Unfortunately though, it wasn't real money. But now you can see that we locked in a trade. And what I wanna do now is that I wanna go back down here to the... paper trading panel and let's go up here and maximize the panel once again. So now we can see a few things. The first thing is that because we won the trade you can see that the account balance now is 1 million 40 dollars. So we earned a nice 40 dollar from this trade and what you can also see now is that if you press on the history tab you can now see that our trade is recorded right here. First of all you can see that our buy order is recorded here and you can also see that our is cancelled and the stop loss got cancelled of course because we reached our profit target and then the stop loss also disappears and you can also see here that our take profit got filled here and another thing to notice is that we lost one dollar of commission when we sold and one dollar of commission when we bought and that is of course because we chose these settings earlier so these tabs are important to understand to practice your trading so definitely after your trades you can make sure to to check out your history and so on and so on. But now guys let's minimize this panel once again here. One important thing about the trade we just recently took was that it was a completely random trade. We did win our trade but that was just pure luck. But guys if you are interested in learning about real trading strategies I have tons of videos here on my channel so if you want to improve your trading learn about trading strategies learn about trading indicators and so on and so on. please don't hesitate to check out my YouTube channel for more content. But now guys let's switch attention once again here to our order tab. If we go here to the right you can also see that we have a tab where it says Dom. If we press this tab right here you can see that we have a sort of, it pretty much looks like a ladder or a book here where we have tons of different levels. And you can also use this tab to trade. You can choose a specific limit here where you want to set your orders. but in my personal opinion i do think the order tab here is much more clear especially for beginners so let's just stick with this tab right here i want to show you guys one more thing here before we wrap this video up and that is how to use a limit order so remember a limit order is that we choose a specific level to buy or sell so now let's make sure that we are on the buy tab we are on the limit order and let's say that we want to buy bitcoin at 27 850. So let's choose that level. And in this case, you can, of course, always set a take profit and a stop loss. But just to show you guys, let's actually not have a take profit and stop loss this time. And let's just buy Bitcoin now. And as you can see, now a new line appeared here on the chart. That is our limit order, which means that if Bitcoin goes down to this level, we will buy Bitcoin and then we will be in a trade. What you then have to do if our order actually gets filled here is that you need to set a stop loss and take profit on your own. In TradingView you can go up here to where it says forecasting and measurement tools and you can set your long position right here and let's say that we our order gets filled right here then we use our long position and then you can manually set your target level and your stop stop loss level and make sure to manually sell the trade. when you reach these certain targets. Last, but definitely not least, I want to show you guys how you can set alerts in TradingView. And in simple terms, by setting alerts, you can, for example, be notified when the price breaks specific levels. So, for example, right here, you can see that the Bitcoin price broke an... important resistance remember the resistance right here and by setting alerts you will get notified exactly when this happens so you will never miss you know any breakouts or stuff like this you can also set alerts for trading view indicators you can set alerts for trading view tools and so on and so on this is super super useful to learn early in your trading journey so make sure to really pay attention to this clip. Alright so let's start by opening up a clean chart in TradingView. I'm currently looking at the S&P 500 on the daily time frame but what you learn in this video can be applied across all time frames and all markets. And now let's start by taking a look at the most basic type of alerts but later on in this video we'll also of course take a look at how to set up alerts for indicators and more complex setups as well. But let's start here. with the most simple type and for this i actually do want to change the time frame here to the weekly for the sap 500 so here on the chart you can see that every candlestick represents one week and one very interesting thing about the current sap 500 price is that we are getting close here to the all-time high and this is a very clear example of a level that we are interested in because a lot of traders are of course paying attention to the all-time high of the world's largest index. So let's take a look here, how can we set an alert for this level? Well to set the alert, first of all we go here to the upper right corner and we want to press on this alerts button right here. And to create a new alert you simply press on this button right here. So here we're looking at the settings tab and it's important to understand how this one works. First of all we have the condition. This is basically what the alert will be based on and for now you can see it says US 500. So we are currently creating an alert that is based on the S&P 500 price. The next setting is what type of alert do we want to create. You can see that the first one is crossing. That is basically that we get an alert if the price crosses a certain level. We also have things such as the price entering a certain channel or you know outside a certain channel. We can also choose to create an alert if the price moves up a certain percentage or moves down a certain percentage and so on and so on. We have tons of different settings here. But I think that one of the most simple and also best settings here is to choose the greater than or less than setting. And for this specific case, we're interested in the price crossing and going above a certain level. So we can use the greater than setting for this. And then, as you can see. we can choose a price here to the right so if you for example write 4 800 right here then trading view will give us an alert when the price is greater than 4 800 but in this case remember that the level we are interested in is the all-time high which was at 4820 so the level we want to choose here is to get an alert when the price is greater than 4820 and what I actually usually do is that in order to get a significant signal I prefer to set the price a bit higher so perhaps you can set it at like 4830 but if you want to get notified as soon as the price touches the level you can set it at this. Then you have the trigger you can choose to get the signal only once or you can choose to get the signal every time the price is above. Most of the time I definitely prefer to choose only once here so that you don't get you know spammed with signals you And you can also choose here to decide a date where the alert will expire. You can also give a name to the alert. In this case we can name it like S&P 500 all time high or something so that you right away when you get the alert knows that the S&P 500 has broken a new all-time high. When we are done with the settings we simply press create right here. And now as you can see we have an active alert in the upper right corner. When the alerts have triggered they will appear in the bottom right corner where it says alerts log but so far the alert has not triggered yet so we don't have anything in our alert log all right okay so now let's take a look at how to create alerts for trading view indicators to do this we first off need to go up here to the indicators tab in trading view and let's choose a simple indicator right here we can for example choose the volume indicator so we'll go down here and open up the volume To create a new alert when you already have one you go up here to the create alert button right here and now in the settings tab instead of having the price of the SMP as our condition we want to press right here and we want to choose volume which is our indicator as our condition. Next we want to choose how the signal is triggered and once again we have many different options here but we can for example choose greater than. By choosing this the signal will get triggered when the volume is above a certain amount. And let's say that we are interested in getting an alert when we see lots of trading activity and lots of volume. So we can for example choose 500 000 right here or 500k and once again you can choose the trigger the expiration you can name it for example high volume and when you are done with the alert you can press save right here now i want to show you all another super useful way to use alerts and that is to get alerts when we break a certain chart pattern or trend channel or everything like that so if you didn't know you can actually create alerts for all these sort of trendline tools and patterns and so on and so on. So let's just show this by drawing a trend line right here. So to show this let's actually take a look at the pattern that the S&P 500 created here a while ago. So now we're looking at the daily time frame but as you can see the S&P 500 created a sort of beautiful deep pullback. If you want to you can actually look at this as a bullish flag right. So we had an impulse move followed by a pullback and then we had the next impulse move. and in order to create an alert for when this pattern actually broke what you want to do here is that you want to press on the trend line so we press on this trend line right here and then you click on the add alert button right here and now and this is very important now you can see that we have the condition is the S&P 500 and this is actually what we want because the alert is based on the S&P 500 price As for the condition here, we can once again use the greater than signal as our trigger. But here you can actually see that we have yet another bar. You can see that we have the price volume and we also have the trend line. So by using this combination, you can see that we will get a notification when the price is greater than the trend line. Or in other words, you will get notified when the price breaks out from the chart pattern. But all right guys, so I really hope this video lived up to its title. With that said, this is only the beginning of your trading journey. After this long video, you deserve a break. But when you got the time, I highly recommend that you check out my technical analysis playlist here on YouTube to learn more about trading and technical analysis.

How do I find the right indicators and tools? And what does the indicators and tools even do? How do I set alerts? What's the replay mode?

Is it possible to place trades within TradingView? And so on and so on. Because I still remember how it felt getting started and because I have a strong passion for education, I really hope this will be the only TradingView tutorial you will ever need.

I will, in a step-by-step manner, go over everything from, you know, how to get started, how to sign up, open up your first chart. all the way to how to use TradingView like a pro. So yeah guys, grab a pen and paper, perhaps grab a coffee or an energy drink.

And without further ado, let's get started right away here. So when you first open up TradingView, it should look something like this. And the very first thing we need to do here is that we need to sign up.

Because if you don't sign up, you will get this pop-up window. And when this window appears, all your analysis will be deleted. The good news is that signing up for TradingView is free and very simple.

And for the signup process, I have actually managed to get a special link from TradingView that will be both in the top comment as well as in the top of the description. You can use this link to sign up to TradingView for free. But then if you later on decide that you want to upgrade your plan to a pro or premium version, you will get a $15 bonus towards your plan.

And at the same time, I will get a small commission. So that is a great way to get benefits and help out the channel at the same time. So the best way to sign up is to use the link.

But if you for some reason don't want to, you can simply go to tradingview.com and press on get started right here. So after clicking on the link, you should get a window that says you were invited to TrainingView. Then you want to click on join now for free.

And here you can go through a simple signup process using Google, Facebook, email. and so on. So now I have signed up and I'm logged in to a free TradingView account. And let's start here by taking a look at the different TradingView plans.

So I want to go up here to the upper right corner and press on upgrade right here. And we basically have four different options. We first of all have the free option and this is what I recommend all beginners to start with.

You can start off with the free option. Then if we scroll down a bit here you can see that we have three different paid plans. We have the essential plan we have the plus plan and we have the premium plan and if you guys want to you can also see that you can actually try out all of these plans for 30 days for free so if you are a complete beginner I either recommend that you go for the free version or that you go for one of these 30 day trials and also remember guys to get the $15 bonus if you eventually want to upgrade it's important that you use the link down below. But what are some benefits from these paid plans? Well first of all you can see that all of these paid plans will have no ads.

Unfortunately the free version will have some ads on it but in my opinion that's not a huge deal. However one of the main benefits by having the paid plans is that you can have more indicators on the charts. The free version can only have two indicators at the same time and already when you upgrade to the essential version you will be able to have five indicators and that's a pretty big upgrade and if you take a look at for example the premium version you can have up to 25 indicators at the same time which is a massive upgrade and there are also some tools and indicators that are not available on the free plan one such tool is the volume profile which you will get from all the paid plans right here and some indicators let's search for a specific one this for example which is called all chart patterns is an indicator that will automatically detect chart patterns on the chart but you can see that this is one of these indicators that are only available for the premium version and so on and so on but as you can see you can definitely use the free trial if you want to get the full experience but guys definitely don't worry going for the free version as a beginner is the way to go in my opinion or as I said to go for one of these free trials. All right, so now I have logged in to a free TradingView account.

And this right here is the starting screen for TradingView. As you guys can see here on the starting screen, we have a few popular markets such as Bitcoin, Tesla and Apple. You can get a sort of little overview. of what's going on.

We also have a few tabs here, products, community, markets, news and so on. And you get a nice little overview here. But I think that the very first thing and the very first step we need to understand is how do we open up a chart.

So to open up a chart, you want to go here to the products tab and you want to press on the super charts button. And now as you can see, we have opened up our first chart. The standard chart that tends to open is Apple.

Right now, we're looking at an Apple chart, which you can see in the upper left corner. You can see it says Apple Inc. right there. And if you want to change the market, so you want to look at another market, what you simply do is that you go up here to the upper left corner. You press where it says AAPL right here.

And here, a window pops up and you can search for any stock, cryptocurrency, or whatever you want to trade. And here, when you want to search for something, let's for example say that you want to open up a Bitcoin chart. What you can do and what many people will do is that they want to search for Bitcoin.

But if you want to find markets more effectively, what you preferably want to search for is actually something called a ticker symbol. So for example, the ticker symbol for Bitcoin is BTC. The ticker symbol is basically a few letters. that are assigned to a specific market and this will make trading view understand better what you're actually searching for to find the ticker symbol for a market you can google it so you can for example google bitcoin ticker symbol or google apple ticker symbol for example for apple the ticker symbol is a a p l so you can see if we search for a a p l we will find apple right away if we want to find the tesla i think it's at t-s-l-a so you can see if we search for t-s-l-a we will find tesla but now let's open up a bitcoin chart so what we do is that we search for the ticker symbol so we search for btc and here this can look a bit confusing because as you can see we have many many different bitcoin markets here and you may of course wonder you know what is the difference between these charts well as you can see on the right here you can see that we have different sort of exchanges for bitcoin and this is simply because bitcoin is traded on different crypto exchanges.

So for example you can see that the top here is a bitstamp. You can see that the second one here is coinbase. Coinbase is the largest crypto exchange in the world if i'm not wrong. As a rule of thumb it's good to open up the market with the largest exchange. So let's open up a bitcoin chart here or to be more precise let's open up bitcoin on coinbase.

So now as you can see we have opened up the bitcoin chart and your chart should look something like this. You should see sort of green rectangles and red rectangles right here. This type of chart is what we call a candlestick chart.

And if your chart does not display candlesticks, what you basically do here is that you go up to the upper left corner and you press on this button right here. And you can see that here we can choose between many different types of charts. The candlestick chart or candles, which I have currently selected, is by far the most popular type of chart. Now I'm gonna insert a short clip where I explain how to read candlestick charts. How to read candlestick patterns.

So we have two main types of candles. First of all we have the red candle which is also called a bearish candle and we have the green candle which is called a bullish candle. A bearish candle is a candlestick where the price decreases during the session.

And a bullish candle is a candlestick where the price increases during the candle. Every candlestick can represent different time frames. So one candle can be for example one day, but one candle can also for example represent one hour or even one minute. But for the sake of this example we can think about every candlestick as representing one day.

So for the green candle or the bullish candle you can see that the price opens or starts right here. So the day starts right here and the day closed all the way up here. So you see that during the day the price increased.

But you can also see that we have a low point all the way down here and we have a high point all the way up here. This means that during the day the price went down all the way down here as the lowest point and during the day the price increased and reached a highest point all the way up here. But then when the day closed the price was at this level right here.

The same thing but the opposite is true for the red candle or the bearish candle. The red candle started the day right here. During the day it went up, reached highest point all the way up here.

The price went down to a lowest point which is all the way down here. But the day closed at this level right here. Now as for the terminology. The white part of the candle which is this part right here for the red one.

And which is this part right here for the green one. This is what we call the candlestick body. Or sometimes we call it the candlestick real body. We use these words interchangeably. The small part of the candles, which we have right here, right here, right here, and right here, we call wicks, or another word is shadow.

So if you hear either wick or shadow, you know that we talk about the small part of the candle. Another very popular chart type is Heiken Ashi candles. So to switch to a Heiken Ashi chart, we go up here and press this button once again, and we go down here to where it says Heiken Ashi. So let's press on Heiken Ashi right here.

And now as you can see, we still have candles on the chart, but the candles look quite a bit different. This is because the calculation method for these candles is different. And I think that going into detail on how Heiken Ashi works is a bit out of the scope for this video. But in simple terms, the Heiken Ashi chart will have a smoothing effect. So you can, for example, see that we will have fewer wicks here.

You can also see that we will have sort of longer streaks of green and red candles on the chart. This chart type can many times lead to fewer but more significant signals. Let's change the chart type once again.

Let's change the chart type once again so we go up here to this button right here. Another type of chart I want to show you guys is the one at the top here. This is the bar chart and in very simple terms the bar charts works the exact same way as the candlestick chart the only difference here is the appearance of the chart so if you prefer this look right here it's a bit uncommon but some traders prefer this type of look then you can use the bar charts and real quick i can of course also show the most simple type of chart which is the line chart and the line chart is just a simple line right here this is not very common to use when trading but some traders actually use line charts especially when they just quickly look at you know charts to get a sort of overview you can use this type of chart as well but now guys let's go up to this bottom once again and switch back to the candlestick chart as I said This is the most popular chart type.

This is the chart type I use. So I will use this for the rest of the video. So now I'm going to talk about something very important and something that will make your trading view experience much more pleasant.

And that is basically how do we move around the chart? How do we, you know, zoom in and zoom out and sort of navigate the chart? in an effective manner. This is very important and this is something that I remember was pretty confusing when I got started. So first of all the very first thing you want to do is that you want to go down here to the bottom right corner and you can see that we have a button here which says A.

You want to make sure that this button is unchecked because if we have this one checked, let me check this one. As you can see now when we navigate the chart it will automatically zoom in and zoom out. So if you have this button checked you are not really free to move around the chart as you want.

Some traders uses this but most traders don't use the auto zoom button and I recommend that you you know at least in the beginning don't use this one it's much more effective in my opinion. to be able to zoom in and out freely. So what I'm gonna do here is that I'm gonna make sure that we have the auto button unchecked here so that we can move around freely. So now then, how do we zoom in and zoom out? Well the most basic way is first of all if you want to zoom in and out you can hold on to the right side where you can see all the prices so you hold your left click button and you can drag you know down and up here to zoom in and zoom out on the vertical axis and you can also hold your left click button on the sort of lower part where you see all the dates and such and then you can basically zoom in and zoom out on the horizontal axis however in my opinion this is not the most effective way to move around.

The most effective way to move around in trading view in my opinion, some traders differ a bit how they do this but this is how I do. First of all what you can do is that if you hold your left click on your chart you can see that you can move around the chart by just holding on to your left click and this is how I move around. But what I also do is that I move around like this and then I use my mouse scroll button to zoom in and out here on the horizontal axis at the same time. So this is basically how I move around the chart in a quick manner. And I also use the sort of sidebar here to zoom in and out.

So this is basically how I move around, you know, quickly in trading view. Another sort of tip or trick for you guys is, you know, if you want to zoom in on a specific point here on the chart let's say that i want to zoom out zoom in let's say that i want to zoom in right here what you then can do is that you can hold your control button and you want to make sure that you hover your mouse over the point where you want to zoom in so you hold ctrl you hover your mouse and then you use the scroll wheel button and as you can see then you will zoom in to that exact point let's see let's say we want to zoom in at this exact point right here then we hover the mouse above we hold control and then we basically use our mouse scroll wheel to zoom in to that specific point so that is a quick tip that you can use you know to navigate the chart a bit more easy now guys let's take a look at you know what about if you want to look at a chart let's say that you want to look at a chart on a sort of very long time perspective like for example right here as you can see in this case you can see that the recent price movements take up a very large portion of the chart while the sort of price movement from you know long long time ago you can't barely see it on the chart as of right now. The solution to this is to use a logarithmic scale.

So what you want to do here is that you go down once again to the bottom right corner and now you actually want to use the auto zoom but you also want to click on this L button right here which which says logarithmic. So let's press on that one. And now as you can see the chart looks completely different and that is because now the movements we couldn't even see before, now these movements are clearly visible on the chart.

And what the logarithmic mode basically do is that the price movements from a long time ago will take up about as much as the recent price movements. I will not go into detail, you know, the math. behind the logarithm scale but what it's meant to do is basically so that you know small movements from long time ago you can see them much more clearly.

But since most traders are focusing on the recent price it's pretty uncommon to use the logarithm mode so now I'm gonna uncheck the logarithm mode and I'm gonna uncheck the auto fill. So let's go back here to the recent price right here. So now I'm gonna take a look at something that I get asked a lot regarding TradingView and that is how do I change the appearance of the chart. You know many traders prefer to not use a white chart. It's very bright for the eyes especially if you know if you sit for long hours.

It can be very annoying for the eyes especially here in winter time. My eyes tend to get a bit dry and you know staring at white screens can make it a bit worse. So now the first thing I want to show you guys is how do we change TradingView to a dark mode. The most simple way to do this is that you simply right click on the chart, you go down here to where it says color theme and you press on dark. And now as you can see the background of the chart is dark and you can also see that the sides are dark, everything is much darker and more pleasant in my opinion.

However some users of course prefer white background, it's a purely personal preference. But also guys, many people of course want to customize their chart even further. You know, for example, make it darker, make it brighter, or even change the colors of the actual candlesticks. And to do that, you once again, you want to make sure that you right click on the chart, and you want to go here to the settings tab. Now you can see a chart settings button appear here.

And if you want to change how the candlesticks look like, you go up here to the symbol tab right here. And here you can see that we have many customizable things. The first one is, you know, the candlestick body. And as you can see, if we, for example, uncheck this one, so this is how it looks like checked. But if we uncheck this one, you can see that the candles will be sort of hollow.

The middle part of the candles will disappear. Some traders actually use this kind of chart. I think it looks pretty cool. Actually very cool in my opinion. So you can do that if you want to.

But what you also of course can do is that you can change the color of the chart. So the bullish candles is the standard is a green here, but you can change them to, for example, white if you want to. Some traders use white for the bullish candles.

Polish candles and black for the bearish candles then you can change the border to black and white as well and you can change the for example the wick to black and white and if we press okay now you can see that we have a pretty cool chart that looks something like this you can basically if we go back here to the settings tab you can customize your own candles however you like there are many different many different options here so if i were you i would take some time and make a chart that really looks nice To you then we have a few other Settings here these ones you know the status lines are in my opinion the standard settings are good The standard scale settings are good here on the canvas button Here you can change the sort of background of the chart. So this is very important For example right now you can see that we have a background with a gradient but let's say that we want you know a completely for example black background then we can click on solid right here and change the background to black now because we have black candles you won't be able to see the candles let's for example change to gray right here or something like that basically feel free to mess around with this however you like you can choose to you know disable the sort of line we have on the chart right so you can for example press none right here and the lines on the chart will disappear but I will not go into too detail about these settings I think they are pretty straightforward but as I said before make sure to take some time to customize your chart to exactly how you want I can just mention now we have messed around a lot with the chart here so if you want to go back to the basic settings you simply go down to this button right here and and you click apply defaults now the chart will go back here to the basic settings but we are on the dark mode and if you want to change back to the light mode you do exactly as i showed you guys before but you press on light so now guys i think you are finally ready to start learning about the really fun stuff and the really useful stuff i'm talking about the tools and indicators you use to actually make your analysis and of course guys there are tons of indicators on the TradingView and the tools so I won't be able to go over them all but what I will do right now is that I will go over some of the most common ones and some of the most important ones and if you learn all of these tools I will show you guys you will have some great basics and you will be able to start practicing. Later on in this video I will also actually show you guys how you can trade inside the TradingView platform. with sort of fake money. That is called paper trading and I will show you guys exactly how to do that later on in this video so make sure to stay tuned for that.

But for now let's take a look at some of the most important tools, technical analysis tools in TradingView. And the most common TradingView tools can be found here in the upper left corner. And the first thing I want to show is the trendline tools. To open this one we basically press on this arrow right here and here you can see see that we have many different trend line tools and the first and one of the most important tools is the simple trend line so let's press on this one right here and how do we use the trend line well it's pretty simple you press on one point on the chart and then you press on another point on the chart and you will draw a trend line if you want change how the trend line looks like you can go up here you can change the color let's say we want to change it to black we can do that and if you press on this button right here we can change how you know wide the trend line will be because this is education i'm gonna make this super wide so it's very clear and i could actually make a whole video on how to draw trend lines correctly but let me just give some basics so one way you can use trend lines is to find sort of trends and trends in the market is when we make consecutive higher lows while at the same time we make consecutive higher highs so right here you can see that we have an uptrend right so what you can do is that you can use your trend line here to sort of try to analyze this uptrend you could draw it something like this you can see we have at least one pretty much two three touches right here So this is a very basic way on how to draw a trend line.

Another thing you want to understand is something called a trend channel. And a trend channel is basically when you take the line right here and you draw a sort of parallel line on the top of the trend. So it could look something like this.

If you wonder how I used recently Copic... the trend line what i basically did let me delete this one i press on this one i click delete so if you want to copy a trend line you basically press on it and then you press ctrl c and then you press ctrl v and then uh you know parallel trend line will appear then you can simply hold to this trend line and drag it like this and just to be clear guys i'm definitely not saying that bitcoin is in a perfect trend right now I'm only doing this to show you guys like how the indicators work. And this is just the chart we chose.

So I just want to make that clear. But that is the basics on how to draw trend lines. You can also use the trend line tool to draw sort of patterns.

To show you guys this, let's actually see if we can try to find some sort of real pattern right here. Here, what we can actually see, this is, you know, this takes a while to get good at to spot. But here I can actually see a sort of falling wedge pattern.

So what I do is that I use the trendline tool, I draw a line like this, I use the trendline tool once again, and I sort of draw a line like this. This is what we call a falling wedge. It's not very important that you learn that right now. A falling wedge is basically when we have an impulsive move towards the upside, the price goes against the direction of the initial move in a sort of pattern that gets a little bit more of a twist.

sort of tighter and tighter here and when the pattern gets tight we usually see a breakout to the upside so you can see that this was actually an example of a sort of real pattern that you can use and draw using the trendline tool now the next tool i want to show you guys let's go up here to the trendline tools once again let's actually go down a bit here and let's take a look at the horizontal line this one is super simple if you select this tool and then press on the chart you can see that a horizontal line will appear. Once again, I'm going to change this one to black and I'm going to increase the thickness a bit here so you can see more clearly. And this right here is a very common tool to find support and resistance levels. So let's take a look at this chart right here. As you can see, the Bitcoin price, it looks like it sort of bounced right here.

The price broke below. Then we saw some sort of hesitation right here. We can see that the price got reacted right here.

Once again, so this is a clear example where it looks like we have some sort of, you know, support and resistance. In this case, we can actually see that this one acted as support, the price broke support, and then the price flipped to become resistance right here. It acted as resistance once again right here, and looking a bit to the right, we can actually see that when the price broke this level once again, the price came down and tested this one as support.

multiple times later on. So this is an example of a very nice sort of horizontal trend line that acted both as support and resistance. You can also see that it looks like we had some sort of a line right here. This one acted as resistance one time, here it almost acted as resistance once again and here you can see resistance.

And as you can see when the price finally broke this resistance this was actually the beginning of a massive move. towards the upside. But unfortunately many times support and resistance levels will not be sort of perfect lines.

They will be more similar to sort of price zones or price areas. So in order to draw a support or resistance zone or support or resistance area what you want to do here is that you want to go down to this tool right here which says geometric shapes. You click on this one and you navigate down here. to the rectangle tool.

By using this tool you can see that we can draw a sort of rectangle and this is many times a better representation of a support and resistance level. So for example the level we talked about earlier would probably it would probably be better to draw this level as a sort of zone. You can see we can draw it something like this because as you can see the price support and resistance areas will not be many times not be you know these perfect flat lines, most of the times they will be more similar to a zone.

We can't know exactly where the support or resistance are, but we can try to figure out a sort of a broader area where the price is more likely to act as support or resistance. Now guys, we're ready to take a look at the next tool. So we want to now go up here to the GAN and Fibonacci tools. We press on this button right here.

And I want to use the fib retracement. To use the fib retracement you basically click on one point on the chart and then you click on another point. And this one can look very confusing in the beginning.

But don't worry, I will explain exactly how it works. So first of all, you can see that we have sort of numbers right here. These numbers are basically percentages. So for example, this number right here, where it says 0.786, that basically means 78.6%. This number right here, where it says 0.618, basically means 61.8%.

This one means 50% and so on and so on. And this tool can be used in both uptrends and downtrends. As you can see right here, we have a clear uptrend.

We can see that because the price... is printing both higher lows and it's also printing higher highs. And you may of course wonder, how do we even use the Fibonacci tool? Well, what you basically do is that you use the tool, you anchor the tool from the low point, so the swing low to the swing high.

So you start the tool at the low point in a swing. A swing in trading is basically from the lowest point to the highest point and you start the two right there and you end it at the highest point and the interesting point about fibonacci is that many times the bounce will happen in between these two lines so the price usually reverses in between 0.382 to 0.618 so as you can see we had a move to the upside the price pulled back here a pullback is when we see a move against the direction of the trend and as you guys can see the price then reversed in this area right here you can see the area between the 0.382 and 0.618 and then the price continued to the upside. Once again we can use our Fibonacci tool remember we anchor from the swing low to the swing high and as you can see where did the price reverse well once again the area in between 0.382 and 0.618 you can see that that the price reversed in this area right here and then we saw the next move to the upside. We can repeat this process once more we anchor from swing low to swing high and once again you can see that the price reversed in this area right here and we saw yet another move towards the upside.

Now guys I want to show you one of the best indicators in TradingView and this is a pretty simple indicator but it's very important to understand it and be able to use it. So to open up this indicator and to open up any indicator in TradingView, what we do here is that we go up here to the indicators tab and the indicator I want to open here is something called volume. And as you guys can see, we have many different types of volume indicators. For now, I'm going to show you the basic volume indicator that is just called volume right here.

So let's open this one up. And as you guys can see now sort of multiple vertical bars has appeared here in the bottom of the chart. And let's for example zoom in to this price right here to explain what volume is.

In very simple terms volume measures trading activity. So when we have sort of long bars like for example right here that means that we had lots of trading activity during this candle. And you can see that when we have sort of small volume bars, you know, relatively small volume bars such as this bar right here, that means that during the next candle, so during this candle, we had much less trading activity. Remember guys that we are on the Bitcoin chart.

So in this case, the volume bars will basically represent how many Bitcoins changed hands during that specific time period. And we are currently looking at Bitcoin on a daily time frame. That means that every candlestick on this chart represents one day. So what the volume bars will represent is basically how many Bitcoins changed hands during that day. If you guys want to dive deeper into volume analysis, you know how volume works and how you can use it to improve your trading, I highly recommend all of you to watch this video about volume.

And now guys, I actually almost forgot to show you something important. As I recently said, right now every candlestick represents one day. But what about if you want to change this? Perhaps you want every candlestick to represent one hour, or you are a short-term trader and want every candlestick to represent only five minutes. So now let's take a look at how to change the time period of each candle, or in other words, how to change the time frame.

This is very simple, what you do is that you basically go up here to the bottom where it says D-R- Right here you press on this button and as you can see here you can change time frame You can as you guys can see you can change it from super short periods even down to seconds right here You have for example one second, you know, 10 second candles and so on and so on However, if you are a beginner, I would highly suggest that you avoid these super short time frames for now This is more advanced stuff, but you can definitely check out the more longer time frames For example, if you want every candlestick to represent one hour, you click on this button right here. So let's press this one. And as you can see, now the chart changed.

So now instead of every candlestick being one day, every candlestick will be one hour. If you want to change this one once again, let's say that we want to have an even more detailed chart, then we can change to the five minute time frame. So here on the chart, Every candlestick represents five minutes and so on and so on.

This is basically how you change the time frame But for now guys, let's go back to the daily time frame So now guys, let's take a look at something that I think many of you guys have been waiting for and that is of course You know, how do we use trading view indicators and to use indicators as I mentioned earlier? we go up here to the indicators tab and as you can see i recently made volume one of my favorites you can do that by clicking on the star button right here but as you can see tradingview has tons of different indicators there are so so many indicators right here you both have indicators that are built by tradingview you will find them here on the technicals right here but if you go down here to community scripts you can see that we also have tons of different indicators that is sort of built by the community so this some of these indicators are amazing and you know they can be pretty complicated sometimes i have made tons of videos here on the channel where i talk about different trading view indicators and how they work so if you want to learn more about indicators and how they work I recommend you all to check out my YouTube playlist it will be linked up in the corner in the eye of this video but for now let's just open up a you know simple but useful indicator so what I want to do here is that I want to search for RSI. The RSI is one of the most common and one of the most widely used indicators in the world and as you can see of course we have many different types of RSI's these are all indicators that is built by the community but we also have the standard rsi indicator which is called relative strength index and this indicator is built by trading view so to open this one up we basically click on this one right here and as you can see now the indicator has appeared here on the bottom of the chart i will not go too into detail you know how the rsi works But in very simple terms the RSI measures something called momentum.

And momentum is the speed and velocity of the price. So as you can see when we see strong movements like for example right here this will lead to strong readings on the RSI indicator. So you can see that we have a high reading on the RSI and that is because we have such a strong movement.

If you look a bit more to the left here you can see that here is yet another example of a very strong movement towards the upside. And once again, we will have high readings on the RSI. If you look a bit to the left here to find a sort of movement towards the downside, you can see that here is an example of a strong movement towards the downside.

And this will lead to lower readings on the RSI indicator. Next, I want to show you guys a... clip where I go over a great TradingView indicator for beginners. Alright, so the very first thing we want to do is to open up a clean chart in TradingView.

Currently, I'm looking at Nvidia on the five-minute time frame. frame. You can use this indicator trading stocks, cryptocurrency and forex and you can use it on multiple time frames.

Now guys we are ready to open up the indicator so what we want to do here is that we want to navigate up here to the indicators tab in trading view and what we want to search for here is we want to search for all then candlestick and then patents. If the indicator does not appear right away you can try to type a star here at the end and type a star here at the beginning. And as you guys can see multiple indicators should appear here in the indicators tab but the one we want to choose here is the one at the top that is simply called all candlestick patterns. So let's open this one up. When you first open up the indicator we will have some signals you don't need and some signals will be missing.

And in order to fix this it's important to change the settings. So we want to go. Go up here to the settings tab for the indicator and as you guys can see we have tons of different signals here so it can be a bit confusing in the beginning but don't worry I will walk through in a step-by-step manner how to find the best reversal signals that also appears often on the chart.

But the first setting we have to understand is the detect trend. based on. And you can see here that we have a few different settings here.

And what this setting basically do is that it filters out some of the signals based on moving averages. So if you for example have no detection we will have much more signals appearing on the chart and in order to filter out many of the false signals what we want to do here is that we want to choose the SMA 50 right here so that's very important. Now for the second part of the setting here you can see that we have many many signals. The first thing I do want to do is that I want to uncheck all of the signals right here so make sure that we have a clean slate here on the signals and now we want to go ahead and choose signals that both appear often and that also are ripped. reversal signals.

So you can go ahead here and first of all check the engulfing pattern. You can check the evening star. You can go down a bit here.

Make sure to check the hammer pattern as well. You want the hanging man. Let's see here. We also of course want the inverted hammer which is the opposite of the normal hammer.

That is also a common reversal signal. We also want the morning star right here. And what you also can do here if you want even more signals is that you can check the dragon doji and the gravestone doji as well however these signals does not appear often but it doesn't hurt to have them on the chart as well what you also can do is to check in the morning doji star and the evening doji star as well so now i do think we have all the signals all the common reversal signals we need here if you want to you can of course change the styles as well but i think we are now ready to go down here and press okay oh i'm actually sorry guys we actually missed one important signal this is another one that happens frequently here in the market and that is of course the shooting star which is basically an upside down hammer. So now guys we are finally ready to press ok.

So now then, how do we use this indicator to find reversals? Well we need to understand a few things here. The first of all is that the blue signals that appears on the chart are bullish reversal signals, meaning that they indicate a potential reversal to the upside.

Conversely, the red signals here on the chart are bearish reversal signals, meaning that they indicate a potential reversal to the downside. What you also can see is that on the signals we have a few different letters. You can for example see that on this signal it says BE. That stands for bullish engulfing pattern and that is a bullish reversal pattern.

And you can for example see that on this bearish reversal signal right here it says SS and that stands for a bearish shooting star pattern and so on and so on. These signals can on their own be very useful but for the best results You want to combine this indicator with support and resistance. Another thing I get asked very often is, you know, is it possible to practice trading inside TradingView? And the answer to that is luckily, yes. There is a thing called paper trading which you can use to practice trading without any risk inside TradingView.

This is something I really recommend all beginners to do before they start with. you know real money so make sure guys to really pay attention to this clip and the first thing you want to do here in order to get started with paper trading is that you want to open up a chart you can open up any chart really but let's go up here to products and press on super charts and let's go up here to the upper left corner and press here as you can see right now I'm using Bitcoin but you can use any market really but for this video let's just use Bitcoin here so I'm gonna press Bitcoin on Coinbase and open up the charts. Alright then, so now when we have a chart open we want to go down here to where it says trading panel here in the bottom and to make it a bit more clear I'm gonna go to this button right here and maximize this panel.

And as you can see on this panel we have many different brokers we can use to actually trade with real money in TradingView. We have tons of different brokers here but this video is all about paper trading. So what we want to do here is that we want to navigate to the paper trading tab here and press this one. And all you have to do here is basically to click connect. What this will do is that it will basically connect your current TradingView account.

So you need to make sure that you at least have a TradingView account. And by the way, if you are ever interested in upgrading your TradingView plan, I actually have a special link for that. So make sure to leave that link in the top of the description and in the pin comment.

You can use that link to get a $15 bonus if you are new to TradingView or if you are thinking about upgrading to another TradingView plan. But now guys, let's take a look at the paper trading panel. You can see that it says paper trading up here, it says my account name and so on and so on.

And the first thing I want to do here is that I want to go to the settings tab. And the first thing I want to show you guys is that if you go down here to where it says reset account, let's press on this one. you can see that we can decide what balance of fake money we want to start with. So the standard balance is that we start with 100 000 but if you want another amount let's say you maybe want you know to start with 1 million you can choose 1 million and press reset here and then as you can see up here in the corner you can see that we now have an account balance of 1 million.

Let's now go back here to the settings tab because we have another pretty interesting setting here that can be super useful and that is to include commission so we want to check this button right here and the reason we want to include commissions is because when you trade in real markets there will always be or pretty much always you will have some associated costs so when you trade you usually have to pay a small amount to your broker so you can see that we can choose here where it says commission type you can see that we can either choose a you know percentage or a fixed amount and for this example let's just choose a fixed amount here and you know let's say that we have a fixed amount of one us dollar by chasing these settings it will be a bit more clear if you would actually be profitable in real life so let's just choose the settings right here and press save you can also see that we have a few tabs here we have positions orders history and so on and so on and these are all empty right now And that is of course because we haven't taken any trades yet. So now guys, let's switch the attention. Let's actually go up here and hide the panel once again.

Because now we are finally ready to start paper trading. So to open up a trade now, you can see in the upper left corner, we have a sell button and a buy button. And to open up the paper trading tab, you basically click either buy or sell. It doesn't really matter right now. Let's just click.

buy market. Let me adjust this one a bit here so you can see clearly. Now you can see that a new panel appeared and this panel right here is basically where we take our trades. So we have the sell and we have the buy and we also have some different types of order.

We have the market order right here which is basically that you buy or sell at the current price. So right now bitcoin is at 27 860. So by using a market order you would basically just buy at that price. A limit order is a bit different. A limit order is basically when you set a certain level where you will buy or a certain level where you will sell and the stop order works in a similar fashion. In this video, I will not go into too much detail on the different order types.

I actually just recently made a video where I talk in depth about how these order types are different. So I will make sure to leave a link to that video up in the corner in the eye of this video. But for now, let's just use the market order. Let's make a super easy example. We use a market order here and now we are ready to take our trade.

So we go to the market order and we are currently on the buy tab. And here you can see it says units. That is basically how many, in this case, bitcoins do we want to buy. Bitcoin is pretty expensive, so we can keep it at one.

Realistically you might want to use 0.1 or even less because Bitcoin is an extremely costly asset. You also have a tab where it says take profit and stop loss. And let's start by taking a look at what the take profit does. Well by using the take profit you will choose a specific level here on the chart that if the price goes up and reaches this level we will automatically take a profit. The opposite is true for stop loss.

A stop loss is when we set a level that when the price goes down to that level or below we will automatically sell the asset. And using a stop loss is super super important when you trade. Many times the take profit level can be a bit more flexible but setting a stop loss is very important especially if you are a beginner trader. So let's just take some random numbers and show how we can do this. So you can see For example, right now, Bitcoin is at around 27,900.

So let's just, for the sake of example, say that we want to have our take profit at 27,950. And let's say that we want to have our stop loss at 27,950. 7 850 and remember this is a market order so when we buy we buy right away so let's press buy right here and now as you can see a few lines appear here on the chart first of all we have the blue line right here and that is the level where we entered the trade we have the green line which is our profit target and we also have our stop loss right here which is the level that when the price if the price goes below we will automatically sell our position. So now guys, I'm gonna speed up the video.

Meanwhile, I will take a bathroom break and you will see how this trade played out. All right guys, so that was some quick and easy money right there. Unfortunately though, it wasn't real money.

But now you can see that we locked in a trade. And what I wanna do now is that I wanna go back down here to the... paper trading panel and let's go up here and maximize the panel once again.

So now we can see a few things. The first thing is that because we won the trade you can see that the account balance now is 1 million 40 dollars. So we earned a nice 40 dollar from this trade and what you can also see now is that if you press on the history tab you can now see that our trade is recorded right here. First of all you can see that our buy order is recorded here and you can also see that our is cancelled and the stop loss got cancelled of course because we reached our profit target and then the stop loss also disappears and you can also see here that our take profit got filled here and another thing to notice is that we lost one dollar of commission when we sold and one dollar of commission when we bought and that is of course because we chose these settings earlier so these tabs are important to understand to practice your trading so definitely after your trades you can make sure to to check out your history and so on and so on. But now guys let's minimize this panel once again here.

One important thing about the trade we just recently took was that it was a completely random trade. We did win our trade but that was just pure luck. But guys if you are interested in learning about real trading strategies I have tons of videos here on my channel so if you want to improve your trading learn about trading strategies learn about trading indicators and so on and so on.

please don't hesitate to check out my YouTube channel for more content. But now guys let's switch attention once again here to our order tab. If we go here to the right you can also see that we have a tab where it says Dom.

If we press this tab right here you can see that we have a sort of, it pretty much looks like a ladder or a book here where we have tons of different levels. And you can also use this tab to trade. You can choose a specific limit here where you want to set your orders. but in my personal opinion i do think the order tab here is much more clear especially for beginners so let's just stick with this tab right here i want to show you guys one more thing here before we wrap this video up and that is how to use a limit order so remember a limit order is that we choose a specific level to buy or sell so now let's make sure that we are on the buy tab we are on the limit order and let's say that we want to buy bitcoin at 27 850. So let's choose that level.

And in this case, you can, of course, always set a take profit and a stop loss. But just to show you guys, let's actually not have a take profit and stop loss this time. And let's just buy Bitcoin now. And as you can see, now a new line appeared here on the chart. That is our limit order, which means that if Bitcoin goes down to this level, we will buy Bitcoin and then we will be in a trade.

What you then have to do if our order actually gets filled here is that you need to set a stop loss and take profit on your own. In TradingView you can go up here to where it says forecasting and measurement tools and you can set your long position right here and let's say that we our order gets filled right here then we use our long position and then you can manually set your target level and your stop stop loss level and make sure to manually sell the trade. when you reach these certain targets.

Last, but definitely not least, I want to show you guys how you can set alerts in TradingView. And in simple terms, by setting alerts, you can, for example, be notified when the price breaks specific levels. So, for example, right here, you can see that the Bitcoin price broke an...

important resistance remember the resistance right here and by setting alerts you will get notified exactly when this happens so you will never miss you know any breakouts or stuff like this you can also set alerts for trading view indicators you can set alerts for trading view tools and so on and so on this is super super useful to learn early in your trading journey so make sure to really pay attention to this clip. Alright so let's start by opening up a clean chart in TradingView. I'm currently looking at the S&P 500 on the daily time frame but what you learn in this video can be applied across all time frames and all markets. And now let's start by taking a look at the most basic type of alerts but later on in this video we'll also of course take a look at how to set up alerts for indicators and more complex setups as well.

But let's start here. with the most simple type and for this i actually do want to change the time frame here to the weekly for the sap 500 so here on the chart you can see that every candlestick represents one week and one very interesting thing about the current sap 500 price is that we are getting close here to the all-time high and this is a very clear example of a level that we are interested in because a lot of traders are of course paying attention to the all-time high of the world's largest index. So let's take a look here, how can we set an alert for this level? Well to set the alert, first of all we go here to the upper right corner and we want to press on this alerts button right here.

And to create a new alert you simply press on this button right here. So here we're looking at the settings tab and it's important to understand how this one works. First of all we have the condition. This is basically what the alert will be based on and for now you can see it says US 500. So we are currently creating an alert that is based on the S&P 500 price. The next setting is what type of alert do we want to create.

You can see that the first one is crossing. That is basically that we get an alert if the price crosses a certain level. We also have things such as the price entering a certain channel or you know outside a certain channel. We can also choose to create an alert if the price moves up a certain percentage or moves down a certain percentage and so on and so on. We have tons of different settings here.

But I think that one of the most simple and also best settings here is to choose the greater than or less than setting. And for this specific case, we're interested in the price crossing and going above a certain level. So we can use the greater than setting for this.

And then, as you can see. we can choose a price here to the right so if you for example write 4 800 right here then trading view will give us an alert when the price is greater than 4 800 but in this case remember that the level we are interested in is the all-time high which was at 4820 so the level we want to choose here is to get an alert when the price is greater than 4820 and what I actually usually do is that in order to get a significant signal I prefer to set the price a bit higher so perhaps you can set it at like 4830 but if you want to get notified as soon as the price touches the level you can set it at this. Then you have the trigger you can choose to get the signal only once or you can choose to get the signal every time the price is above. Most of the time I definitely prefer to choose only once here so that you don't get you know spammed with signals you And you can also choose here to decide a date where the alert will expire. You can also give a name to the alert.

In this case we can name it like S&P 500 all time high or something so that you right away when you get the alert knows that the S&P 500 has broken a new all-time high. When we are done with the settings we simply press create right here. And now as you can see we have an active alert in the upper right corner. When the alerts have triggered they will appear in the bottom right corner where it says alerts log but so far the alert has not triggered yet so we don't have anything in our alert log all right okay so now let's take a look at how to create alerts for trading view indicators to do this we first off need to go up here to the indicators tab in trading view and let's choose a simple indicator right here we can for example choose the volume indicator so we'll go down here and open up the volume To create a new alert when you already have one you go up here to the create alert button right here and now in the settings tab instead of having the price of the SMP as our condition we want to press right here and we want to choose volume which is our indicator as our condition.

Next we want to choose how the signal is triggered and once again we have many different options here but we can for example choose greater than. By choosing this the signal will get triggered when the volume is above a certain amount. And let's say that we are interested in getting an alert when we see lots of trading activity and lots of volume.

So we can for example choose 500 000 right here or 500k and once again you can choose the trigger the expiration you can name it for example high volume and when you are done with the alert you can press save right here now i want to show you all another super useful way to use alerts and that is to get alerts when we break a certain chart pattern or trend channel or everything like that so if you didn't know you can actually create alerts for all these sort of trendline tools and patterns and so on and so on. So let's just show this by drawing a trend line right here. So to show this let's actually take a look at the pattern that the S&P 500 created here a while ago.

So now we're looking at the daily time frame but as you can see the S&P 500 created a sort of beautiful deep pullback. If you want to you can actually look at this as a bullish flag right. So we had an impulse move followed by a pullback and then we had the next impulse move. and in order to create an alert for when this pattern actually broke what you want to do here is that you want to press on the trend line so we press on this trend line right here and then you click on the add alert button right here and now and this is very important now you can see that we have the condition is the S&P 500 and this is actually what we want because the alert is based on the S&P 500 price As for the condition here, we can once again use the greater than signal as our trigger.

But here you can actually see that we have yet another bar. You can see that we have the price volume and we also have the trend line. So by using this combination, you can see that we will get a notification when the price is greater than the trend line.

Or in other words, you will get notified when the price breaks out from the chart pattern. But all right guys, so I really hope this video lived up to its title. With that said, this is only the beginning of your trading journey.

After this long video, you deserve a break. But when you got the time, I highly recommend that you check out my technical analysis playlist here on YouTube to learn more about trading and technical analysis.

Transcript for:Comprehensive TradingView Tutorial Guide

Transcript for:
Comprehensive TradingView Tutorial Guide