TradingView Review - Professional charting system

TradingView is a powerful charting system for traders and investors of all levels of experience. In addition, it has a social network where people share ideas, their own scripts to improve the charts, and create themed chats where they can discuss their views.

With a professional commercial data source, it is possible to easily analyze prices, volume and historical prices of assets. In addition, there are basic company data that allows us to browse them and track companies that meet our criteria. In this review, you will learn about the most important features in TradingView.

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TradingView review

I see TradingView as a useful tool for beginners and experienced traders. It supports a wide range of asset classes, from stocks to cryptocurrencies. TradingView comes with many free features and can be used without any registration. Subscribing to the paid version makes sense as soon as you feel the need for more features such as more charts, layouts and custom time intervals.

TradingView is a powerful screening tool, charting platform and analytics platform that provides a huge range of tools that investors can use to learn more about the markets. Some of the most impressive features of TradingView include its fully functional mobile application, a wide range of screening criteria, the inclusion of your own script and much more.

In addition to graphing and analysis tools, TradingView also offers a wide range of training tools. View news feeds associated with each asset, read articles, view market data in real time, and even watch live broadcasts with professional traders to improve your skills. Paper trading accounts are also available to help you manage a wide selection of TradingView tools.

Although TradingView content can be stunning for newer traders and investors, the platform remains one of the most impressive analytics centers on the Internet. TradingView offers a number of unique features that make it an ideal choice for investors and traders of all skill levels. Some of the popular reasons to use TradingView include:

• Impressive tools for research and education: From a comprehensive stock screening tool to cryptocurrency feeds, TradingView has something for everyone.
• Free accounts: Want to start improving your free trading? TradingView free accounts give you access to a limited version of his paid account.
• Simple mobile charts: The TradingView mobile platform is also impressive and well designed, mimicking the full functionality of the desktop platform. With TradingView live charts, it's easy to track trends, revise stock history and / or swing trading.
• Analytics: Analytical tools help you learn to perform technical analysis and make better decisions.

Tradingview options

TradingView was founded in 2011 and has grown immensely in one decade. OFthe number and quality of other trading instruments also increased. This is definitely a service worth trying. TradingView focuses on social networking, asset research and charts. Trading is secondary. However, it is possible to enter trades through several brokerage firms that can be linked to a TradingView account. These brokers include:

• Gemini (cryptocurrencies)
• Tradovate (futures)
• OANDA (fiat currency)
• TradeStation (stocks, futures, and cryptocurrencies)
• AMP Global (futures)
• Alpaca (events)
• Optimus Futures (futures)
• and many others

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Graphs

You will spend most of your time here. At first glance, TradingView charts look simple. Don't be fooled. Once you enter a specific asset name or ticker in the search box and select it, the initial graph will only be a quick overview. To access all of its features, you must click on the "Launch Full Chart View“.

There is a lot to unpack here. The default graph is the candle graph. By default, it comes with a trading volume at the bottom, although you can add additional metrics to it.

At the top we can choose the type of chart we want to see, time intervals, indicators, alerts and financial data. These are the basic tools for graph analysis. However, I would also like to emphasize the functionality of their indicators. In addition to dozens of built-in indicators, you can also access community-created indicators and see basic scripts. This community aspect is a great way to see how other more experienced traders have developed their indicators and what they are good for.

Now back to the previous image above. On the left are tools you can use to enhance the chart with annotations. It can be a trend line, a text note, a Fibonacci retracement, etc. There are dozens of useful annotations that you can use depending on how familiar you are with them.

On the right, we can create and access a list of watched assets, set alerts, display raw data and community features such as ideas shared by others, public and private chats, etc. There is also a real-time feature on each of the selected ticker and preview its basics and technical analysis.

Finally, at the bottom we have access to stock screening, we test trading strategies and connect our broker account with TradingView so that we can buy / sell assets from it.

However, sometimes we want to see more than one graph at a time. This may be because we want to look at different time frames or compare charts of different assets.

Having separate cards is not really practical and TradingView limits the number of open cards allowed. But don't worry, TradingView allows a split screen with up to 8 charts in one window. However, this may not make sense if your screen is small, but with an external monitor large enough, it may be useful to watch several graphs at once.

Screeners

We all know a few stocks or cryptocurrencies, right? We can search for them manually in TradingView, but in the end we need a tool that filters thousands of assets based on our criteria. That's what screeners do.

TradingView comes with 3 screeners: stocks, forex and cryptocurrencies. The stock filter also allows us to choose ETFs over common and preferred stocks, which not all platforms providing screening services do.

There is an inexhaustible amount of filtering options. The top-level filter is the country that affects the exchanges we use. Then, in addition to traditional filters on fundamental data, such as market capitalization, there are also filters based on technical indicators. For example, if we are looking for signs of a potential recovery, we could filter stocks using the RSI oversold indicator.

Screenwriters also include TradingView ratings, which vary from strong sales to strong purchases. These ratings are measured on the basis of a number of technical indicators and are very prominent in the technical details section of individual shares.

It is possible to either use their tabular interface or alternatively download the resulting screener data as a CSV.

Community

In the tab Community we can use other interesting features.

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Ideas

Have you ever felt that you would like to re-examine your assumptions with someone more experienced to confirm them? Or check what others are using in their technical analysis?

The best way to improve is to learn with others. TradingView allows us to do this through the Ideas function. It's for a way to share assumptions with other traders and get feedback from them. We can also explore and learn literally thousands of ideas from other traders and investors. If their ideas are constantly evolving as they expect, you have a mentor from whom you can learn.

In addition to technical analysis, ideas in TradingView can be used for other purposes. It is possible to generate ideas related to risk management, business plans, short / long positions and so on. Each asset is associated with the best authors and best ideas, making it easy to choose who to follow for the best content.

Although it is a great tool, it also has its drawbacks. On the one hand, it's great to have access to millions of other traders and investors and learn from their ideas. But on the other hand, you will also find a few trolls along the waywho are actively implementing their ideas.

Scripts

Default metrics aren't enough, you say? Then this feature is for you. TradingView has developed its own scripting language, called Pine Scriptwhich allows you to create your own indicators and plot them on your charts.

Because TradingView focuses on the social aspect of trading, you can also share your own indicators with the community and get feedback on them. When searching for metrics on a full-featured graph page, you'll see both built-in and community-created ones in the public library.

TradingView tutorial

If you are the type of investor who cannot get enough data, TradingView is your dream come true. Thanks to a huge range of indicators, tools, trading observations and much more, TradingView can teach even the most experienced investor something new.

TradingView excels by offering the best charting software.

Desktop platform

You can't usually find the best business experience with a web browser. For this reason, TradingView has launched a desktop application. It is faster than the corporate browser platform and works on multiple monitors simultaneously. It is compatible with Linux, Windows and Mac.

It immediately takes on a huge number of features on a desktop system. It is possible to create more bookmarks at the top. This allows you to track many assets at once. On the left is a vertical menu of drawing tools. There are many non-mapping tools on the right. Those particularly useful include:

• Hotlists with many options, including one that tracks foreign assets
• Details of stocks in the chart, including earnings history, 52-week range, volume, and more
• News articles about the given symbol
• Economic calendar
• Current chats from other TradingView customers
• Notice
• Ideas Stream, which are illustrated business ideas from other users
• Streams, which are videos from other users

It's really easy to use the information right next to the chart. In the middle of the screen is a chart with lots of great tools. The most important include:

• Right-click bid with store options
• Repeat mode with selectable time frames
• Highly customizable with the ability to save layouts
• Complete full screen mode that removes chart edges
• Snapshot tool for graph screenshot and its export
• Ability to set alerts with many available parameters
• Financial metrics can be added to the chart
• Comparison with assets and indices
• Twelve display styles, including point and image
• Publish button to share trading ideas with the TradingView community

On the left are the graphical TradingView tools.

• Ruler
• Ghost feed
• Elliot double combo wave
• Time cycles
• And many others…

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Sending an order

To trade through the TradingView platform, you must first open an account with a compatible broker. You will see a link at the bottom of the TradingView platform Trading Panel. Here you will find icons of brokers with the option to log in. Once logged in, you can trade directly from the chart by right-clicking.

Browser platform

The TradingView software platform is also available via a web browser. However, the functionality is slightly limited. Yet there are the same tools. It is easy to use and powerful enough.

As with the desktop system, the browser platform has two color themes: light and dark. To switch between them, just click on the menu icon in the upper left corner. 

Mobile application

In addition to browser and desktop platforms, TradingView also offers a mobile application. The application is compatible with Android and Apple tablets and phones, it brings:

• News articles from many sources
• Watch lists
• Social network
• Vertical and horizontal charts with many tools
• Simulated trading

The main menu is located at the bottom of the screen. Here on the card Ideas You can find trading trends, some of which are in video mode. Some videos are from TradingView, while others are from traders. These posts can be liked and commented on.

Other popular mobile features include:

• Push notification. With the TradingView mobile app, you can set alerts to alert you when an asset meets a predefined criterion or moves outside a preset range. You can receive notifications via push notifications or desktop notifications.
• Customizable scanners. You can build a TradingView scanner to suit your needs, allow you to track trends and ensure you get the best results.
• Sync account. With automatic synchronization between TradingView accounts, you can effortlessly switch from a mobile device to a desktop platform without losing your progress.

The TradingView mobile application is available for free download for both Android and iOS devices.

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How to set up TradingView

You must create an account to get started. When you create an account, TradingView automatically saves your default chart template, which is very useful. TradingView also offers paid plans, but we will delve deeper into them later.

Once you've created an account and opened a price chart for the assets you're tracking the most, you can begin adjusting your settings. First, I suggest you choose how you want the price to be displayed, candles, sticks, a line or something else. You can do this from the upper left corner next to the time frame, and also when you're there, you can adjust the default time frame you want to use. Times range from 1 second to 1 month. Then you can start further editing how you want your graph to look.

To access basic layout settings, you can either access them by right-clicking on the screen, or you can access them directly by clicking the settings icon (looks like a gear) in the upper right corner. Here you can find a lot of things, some of which are purely aesthetic, while others can be really useful when performing an analysis.

Since there are a lot of different options available and you may not know what they all do, I recommend you start playing. Touch what you like and see which lines and colors jump out of each option, try to find a good look and settings for you. And if you don't like the change, going back is just as easy - clicking the back arrow button at the top of the graph.

After you're done playing, go to the various tools and features.

Indicators

If you look at the top of the screen, you will see the text "Indicators“With a symbol next to it. Here you will find all the indicators you can imagine. The indicators are integrated with TradingView along with the public library. The public library is great for those who follow someone via youtube or other places who like to create their own pointers.

Again, as with anything in TradingView, there are plenty of options to choose from. Their own built-in ones are the most commonly used and you will find some familiar and useful ones. On the other hand, the public library is infinite. As you can see, next to the name of each indicator is the number of likes, which gives you a good overview of whether it is something useful or not. You can also search for a specific one if you know what you are looking for.

Foundations

Although TradingView is more focused on technical analysis, it also contains a number of functions and data on the company's fundamentals. The data provide insight into how companies are doing beyond price.

It is also possible to plot data on any chart, which allows investors to map relevant financial data against stock prices and analyze them. In practice, this means that the graph can be seen in the correlation between metrics such as sales and stock prices.

Technical analysis

Technical analysis is at the heart of what TradingView offers. For each ticker, they monitor several oscillators, moving averages and pivot. This, together with time frames, allows them to offer a quick insight into the share price of each company. They are then able to view real-time ratings for selected time frames for each asset. These ratings are strong sales, sales, neutral, buying and strong buying.

Watch list and alerts

You can find your watchlist first from above. There is not much to say about that. Simply select the cryptocurrencies you like and add them to your watchlist. One thing to keep in mind is that when you enter Bitcoin, for example, it offers many trading pairs for it, so make sure you choose the one you want to use and also the right exchange. If you choose the wrong trading pair or the wrong stock exchange, it can significantly affect your analysis and trades.

The second symbol above shows your alert. These alerts are price alerts that you can enter for specific price levels. For example, you may have noticed that Bitcoin faces resistance at $ 50,000 and you may be interested in entering the long if Bitcoin exceeds this level. There are several ways to set these price alerts. First, you can either use the button on the right or it is also at the top of the screen. These will open a menu where you can set what price you want to be notified about and how you want to be notified.

The second way is to use on pre-drawn lines. For example, if you've drawn an uptrend line from previous lows, you may be wondering when the price reaches that level. To do this, right-click on this line and select "add alert on trendline“. This is very useful for both trading and beginners to test their hypotheses.

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News and calendar

Next on the list, we have an icon that looks like a newspaper, and that's exactly it. Here you will find news about the asset you are analyzing. This is especially useful for those who want to do more than just a TA before entering a position. For traders, this opens up the possibility of finding out whether the sentiment in the latest news is in line with the price action. Keep in mind, however, that this works best for larger cryptocurrencies, and reporting for smaller coins and tokens may not be up to date.

The following two things don't offer much to cryptocurrency traders, because the first is just a data window with a few simple things like highs, lows, and volume. Yes, these are important numbers, but they can also be found in the table. The thing below that is a hotlist. This would be useful if it were to contain cryptocurrencies. Currently, you can only select exchanges of different countries. However, for those who like to trade cryptocurrency-related stocks, this is something you can look at to see if the company you are researching is there.

Below the hotlist you will find a calendar. This gives you excellent information on both macroeconomic indicators that are published, along with certain statistics on the asset that you are researching. You can filter from above so that it displays only the most important events. These are usually large macroeconomic indicators and are good to monitor, as they provide useful information on how global economies are doing and where wider financial markets might be heading.

TradingView price

It's great that TradingView has a free version. It allows people to look around and see what their product has to offer, and they also offer three upgrade plans for advanced users: Pro, Pro + and Premium.

These plans will rid you of ads that occasionally appear on the free TradingView charts. It also offers extended watchlists.

The first two plans: Pro and Pro +. The main difference between them is the number of things you can use. For example, with Pro + you can use TradingView on multiple devices, save multiple chart layouts, use multiple chart indicators, multiple alerts, etc.

And the premium plan includes everything. Up to 25 indicators per graph, up to 8 graphs in one window, 400 server-side alerts, second intervals and much more.

The annual fee is cheaper than the monthly fee, which is quite standard, and both Pro and Pro + are at a very reasonable price given what this tool allows us.

TradingView has put the same care and effort into its training tools and resources as it has created a wide range of functional functions. Some of the popular educational resources offered by TradingView include:

• Paper trading. Interested in practicing your business strategy, but not sure how to get started? Consider starting with a TradingView paper trading account. Paper merchant accounts give you fake merchant accounts pre-charged with $ 100,000. Then you can practice trading and buy and sell securities in much the same way as actual trading. This will allow you to test TradingView tools and improve your analytical skills without risking your own money. If you need to start over, you can reset your paper merchant account at any time.
• Live broadcasts. Do you prefer to watch by watching professionals? One of the latest features of TradingView is the live broadcast feature, which allows you to watch and learn along with the investing streamers. Streamers have the ability to archive footage, allowing you to watch videos later. You can learn about ideas and tips for this day.

This is just a small sample of some of the popular educational and research offerings that TradingView currently supports. With a wide selection of other tools, from articles on user-generated business ideas to a committed and responsive community, you're likely to find a resource that suits your unique learning style and preferences.

Training resources are available with all TradingView plans, and you do not need to be logged in to your account to access most resources. This system exceptionally new traders and investors begin to learn more about investment strategies before deciding to open a TradingView account.

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All content in this article is for informational purposes only and does not in any way serve as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.