An analysis platform suitable for both beginners and experts, TradingView is equipped with all the tools needed for trading. Find out how to use it in this guide
Used for trading all over the world, TradingView is dedicated to the technical analysis of financial assets that facilitates investment decisions. It is simple and intuitive to use and is suitable for all levels of trading experience.
Launched in 2012, the platform offers charting and technical analysis tools among others. It stands out by the large number of indicators available.
TradingView also offers a social network of over 3 million trading enthusiasts and professionals.
TradingView offers an advanced and very flexible charting tool. It allows you to zoom in on charts and stretch them to analyze old data. The platform exploits cloud charting which saves all previous analyses since its launch.
The platform's dashboard offers drawing tools that allow each user to mark their position. Users can also save their trading analysis. Moreover, it is possible to open several windows at the same time and size them according to our display needs.
TradingView's charts are offered by default as candlestick charts, like many other platforms. However, several other chart types are available. While most charts are time-based, some are based on price movements.
Users can access the Renko chart, in which market fluctuations that exceed a certain margin are marked. This margin can be customized according to a number of pips defined by the user. For example, if the fluctuation to be detected is 7 pips, a new candle will only be drawn if the price variation reaches this parameter.
TradingView allows users to set alerts for each asset they want to monitor. Alerts can be set when a threshold is reached, such as the level of a price, the value of an indicator or the situation of one curve in relation to another.
For example, if you are waiting for the EUR/USD price to drop below 1.200 0 to start an analysis, you can set an alert at that value. If you are worried about missing the alert, make sure you set the settings so that the beep is continuous. Note that the beep will also be heard whenever the alert level is reached. In addition to this audible alert, it is also possible to set up an email and SMS trading alert.
TradingView allows you to select the trading assets you are most interested in. In fact, by defining a list of favourites, you can access their charts directly to save time.
TradingView offers many technical trading indicators plus hundreds of custom indicators. These indicators have been developed by a large community of users.
To find the technical indicator you need, the platform classifies by category and type. Depending on your needs, you can find indicators based on fluctuations, returns, trends, market types, company names, assets... A search bar is also available to save time. To access these features, simply use the "indicator" menu on the dashboard.
TradingView also provides a Screener function that allows you to refine your search for specific events for particular assets. This feature offers the combination of multiple indicators and filtering/sorting of assets based on their performance. To complement the technical analysis, TradingView recommends an economic news feed so that users can better understand and anticipate market developments.
One of the great features of TradingView is the availability of its native scripting language called Pine. It can be used to program trading robots and technical indicators. The ones made by other users are available in the library of indicators of the platform.
In addition to being a technical analysis platform, TradingView is also a social trading network. It enables users to share their graphics and analysis. In particular, it is possible to take screenshots and publish them on the platform. Users can search for publications and subscribe to other users.
On TradingView, technical analysis publications are called "ideas". So if you publish an analysis on BTC, this publication will be displayed to all users who want to learn about the Bitcoin market.
When publishing an idea, TradingView suggests an interactive function. Indeed, users can give an opinion, bullish or bearish, on each idea that is published. Each idea can also be commented on and liked by other users.
Analysis is truly interactive on the TradingView platform. Each publication can be checked by other users, who can load the history of charts prior to your analysis and comment on it.
To discover TradingView and practice, the platform offers a demo account where a large number of markets are accessible. There are thousands of assets available for virtual trading.
