Features to use TradingView chart more effectively.
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TradingView is a multifunctional trading idea and charting platform with millions of users worldwide. Users often use TradingView to monitor price charts, update news and find trading ideas to improve their trading efficiency. The following article learns features to use TradingView charts easier.
Popular Features of TradingView
TradingView HTML5 Chart: This feature helps users monitor the market with more than ten different chart types, including Spread chart, Kagi chart, PNF chart, line break chart, and Renko chart. Traders can open up to 8 other charts to monitor the market from different angles. In addition, with premium accounts, users can use up to dozens of various drawing tools and indicators to analyze trading opportunities.
Alert feature: Users can use TradingView’s alert feature to receive email and message notifications according to previous settings. With 12 warning conditions on the drawing tools and indicators, users can be completely assured of market movements that can take place without constantly viewing charts.
Custom Scripts (Pine): TradingView allows users to access and use in-depth market analysis studies. With a custom script, the user creates his signals and studies.
Trading features: Traders can trade through a virtual account to practice their trading skills and try new trading strategies. In addition, users can connect a TradingView account with a broker’s trading account to open and close orders right on the platform.
Market feature: Users can track market information such as volume, price, news, etc., updated the fastest from international exchanges.
Trading Social Network (Community): TradingView allows users to share trading ideas through articles, images, videos, and live streams. Other users in the community can comment and share views on these ideas. However, TradingView currently does not have the feature to filter quality trading ideas for users.
* See more: The complete guide TradingView from a to z
TradingView’s Best Paid Features
Second Based Time Frame: Users can only access the most miniature chart from 1 to 2 minutes with other charting platforms. These timeframes may not be informative for high-frequency traders (HFTs). With TradingView, users can monitor charts in time frames from 1 second, 5 seconds, 15 seconds, and 30 seconds. Users who sign up for the Premium plan can view the second chart on TradingView and view up to 2 weeks of history.
Spread Charts: TradingView allows users to follow a chart that compares the spread of two different assets or see the price of an investment in another currency. For example, to see the purchase price of Apple stock in Euros, use the Spread chart of the pair APPL/EURUSD.
Stock Screener: TradingView users can filter stocks in real-time with various conditions. Users can download this list of stocks to their computer through the Export Chart Data feature.
Invite Only Indicator: Users can create indicators and trading strategies using the Pine Editor feature. Then, the Invite Only Indicator feature limits the access of the indicators to only specific people to use. The Invite Only Indicator feature makes it possible for users to create and sell indicators to the global community of TradingView users.
Chart Replay Mode allows users to select any time on the chart to review price movements. Users can also pause or fast forward to check or use this feature for backtesting a manual trading strategy.
Volume Profile: This feature helps users study advanced charts for a certain period at a defined price based on volume. Volume Profile takes the total volume traded at a particular price over a specified period. It divides the entire volume into either buy volume or sell, thus clarifying that information.
Multiple Devices: With a TradingView premium account, users can access the report from many different devices. This feature helps users share a premium account with many other users to save costs.
How to use some little-known features of TradingView chart?
Display multiple time frames: To quickly move charts in different time frames, users can choose many favorite timeframes displayed on the chart. Do this by clicking on the stated time frame, selecting the time frames you want to show more, and clicking [Add to favorites].
Split chart layout: This feature allows users to choose to display charts of different assets or charts of the same asset. This feature is only available in the paid version. Click [Select Layout] and choose your preferred chart split layout. After selecting the layout, the charts are displayed according to the selected layout. The user can choose different time frames for each mini-chart.
How to get commonly used charting tools: TradingView is a platform that provides various indicators and tools for charting. To display frequently used tools, click on the frequently used indicator and select [Add to favorites] in the right corner of the indicator. The selected indicators will be displayed together in a toolbar in the chart window.
To view the TradingView chart at a specific time: Click the calendar icon in the lower corner of the chart, enter the time you want to review the chart, and select [Go to]. Immediately after, the chart shows the correct time chosen.
Above are some other unique features of TradingView. By taking advantage of these features, users can easily do technical analysis, consult different trading ideas, and take advantage of shared scripts to improve research and decision-making efficiency trade for yourself.
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