Skip to main content

TradingView

TradingView is one of the most popular platforms for technical analysis and social trading in the world of investing and financial markets. Its versatility, ease of use, and wide range of tools make it an ideal choice for both beginner investors and experienced traders.

This guide provides an in-depth look at how TradingView works, its key features, and how to use it to improve investment decision-making.

1. Key Features of TradingView

1.1 Cloud-Based Platform

TradingView operates 100% online, meaning no downloads or installations are required. This allows users to access the platform from any device with an internet connection, including computers, tablets, and smartphones.

1.2 Wide Variety of Markets

TradingView offers analysis and tracking across various financial markets, including:

  • Stocks
  • Stock indices
  • Forex
  • Cryptocurrencies
  • Commodities
  • Bonds and ETFs

1.3 Interactive Charts

Charts are the fundamental tool for any trader. TradingView provides customizable charts with a wide range of technical indicators and drawing tools.

1.4 Social Network for Traders

One of TradingView’s most distinctive features is its community. Users can publish trading ideas, share analysis, and follow other traders.

1.5 Alerts and Notifications

The platform allows users to set up custom alerts based on specific market conditions, notifying them in real-time.

1.6 Broker Integration

TradingView enables direct trading from the platform with compatible brokers, simplifying the order execution process.

2. Creating an Account and Initial Setup

2.1 Registration and Account Types

TradingView offers different account types, ranging from free plans to premium plans with advanced features.

2.2 Profile Setup

2.3 Chart Preferences Configuration

For effective analysis, traders should customize charts based on their preferences:

  • Choosing candle visualization
  • Defining time intervals
  • Adding technical indicators

3. Using Charts and Technical Indicators

3.1 Chart Types

TradingView offers different types of charts, including:

  • Japanese candlestick chart
  • Line chart
  • Bar chart
  • Renko, Heikin Ashi, etc.

3.2 Technical Indicators

Indicators are essential for technical analysis. Some of the most popular include:

  • Moving averages (SMA, EMA)
  • MACD (Moving Average Convergence Divergence)
  • RSI (Relative Strength Index)
  • Bollinger Bands
  • Volume indicators
  • Fibonacci retracement

3.3 Drawing Tools

TradingView provides advanced drawing tools to mark key levels:

  • Trendlines
  • Support and resistance levels
  • Price channels
  • Technical pattern drawings

4. Creating Strategies and a Trading Plan

4.1 Defining a Strategy

An effective strategy on TradingView should include:

  • Asset analysis
  • Use of technical indicators
  • Setting entry and exit points
  • Risk management

4.2 Backtesting in TradingView

TradingView’s Pine Script allows users to program and test strategies to evaluate their effectiveness before executing them in the market.

5. Using Alerts and Market Screener

5.1 Setting Up Alerts

Alerts are useful for receiving notifications when an asset meets predefined conditions. Users can set alerts based on:

  • Price movements
  • Technical indicators
  • Specific market conditions

5.2 Using the Screener

The market screener helps filter financial assets based on specific criteria, making it easier to identify investment opportunities.

6. TradingView for Fundamental Analysis

Although TradingView is primarily focused on technical analysis, it also provides relevant data for fundamental analysis, including:

  • Company financial reports
  • Valuation ratios (P/E, P/B, ROE, etc.)
  • Market news

7. Compatible Brokers

TradingView allows integration with various brokers, making it easier to execute orders directly from the platform. Some of the supported brokers include:

  • Interactive Brokers
  • TradeStation
  • Mexem
  • Binance

8. Tips and Best Practices for TradingView

✅ Avoid indicator overload: Keep analysis clean and clear.
✅ Use alerts effectively: Stay informed without constantly monitoring the screen.
✅ Follow expert traders: Learn from the community.
✅ Backtest before trading: Validate strategies before applying them.

By mastering TradingView’s tools and features, traders can enhance their technical analysis skills and make more informed investment decisions.

Back to top