What is TradingView and How to use this tool in crypto? Market247.io

Technical analysis is one of the trading strategies that traders on the cryptocurrency market use the most and TradingView is a powerful tool that is widely used. So what is TradingView? How to use TradingView? Market247.io will demonstrate how to use this analytical tool in this article in a practical and effective manner.

What is TradingView?

When you first started trading, you probably heard a lot about TradingView when watching videos about cryptocurrency. So what is TradingView?

TradingView is a tool that provides financial market price charts. This website is incredibly well-liked by investors thanks to its user-friendly interface and convenient toolbox. Another small-scale trading social network is TradingView. Investors can discuss a wide range of markets and share their market analyses with others. TradingView currently has 30 million users globally.

How to create a TradingView account

Before learning about "How to use TradingView", you need to set up an account. In order of pricing, TradingView has 4 different types of Accounts:

Free version
Pro version
Pro+ Version
Premium version

To create an account, you can click here and click the Sign up button. At the moment, TradingView's free account provides users with the following features:

Access to market charts.
Added 3 technical indicators for each chart.
Saved 1 price chart in TradingView's folder.
Saved 1 chart template.
Built a list to watch the prices of the markets.
Inserted an indicator type into an existing indicator.

How to use TradingView?

This is the most important part of this article. After having a solid understanding of "What is TradingView?" and create the account. You will learn how to use this tool from Market247. Look at your screen to memorize quickly

TradingView’s interface

[1] See Chart of properties

[2] Market overview

[3] Market news

[4] Filter markers by specific criteria

[5] Where to share your ideas about the market through Chart

[6] Other Features

[7] Customize interface and language. TradingView has Vietnamese language support.

TradingView's charting interface structure

[1] The Top Toolbar section. is mainly integrated with tools related to indicators and candles by TradingView. These indicators are automatically calculated by the machine, not by the trader. So you only need to apply the indicator to analyze the price trend, not need to draw anything more.

[2] The Left Toolbar section. contains all the drawing and measuring tools provided by TradingView.

[3] Main chart section – the largest area, which includes the chart as well as all of TradingView's price analysis tools and indicators.

[4] The Right Toolbar area contains information related to the product

[5] Bottom of the toolbar: Recording tool, open demo accounts at exchanges associated with TradingView to practice trading without having to register from any exchange.

How to use TradingView’s Left Toolbar

[1] Customize the mouse: This section allows you to change the mouse pointer to whatever you like, such as an arrow, a dot, or even an eraser.

[2] Trend lines: This section includes all the tools traders need to draw, locate price trends, pinpoint regions of support and resistance, and define price channels.

[3] Drawing patterns, Fibonacci: This is where all the well-known patterns like the GANN box and fan patterns, the Pitchfork pattern, the Fibonacci retracement, and the Fibonacci extension are located.

[4] Geometric shapes: To make them simpler to see, display geometric shapes on the chart.

[5] Text captions: You can "take notes" of whatever you wish to put in the chart.

[6] Patterns: more advanced offering

[7] Price range types: This section assists in determining the best R:R ratio by analyzing the price level.

[8] Icon: Add color to the chart to make it less boring

[9] Measurement tools: include a ruler for measuring distance, a candle counter, and an option zone.

[10] Zoom in, zoom out: a location where you can expand a specific region of a chart to make it easier to view

[11] Magnet Mode: When turned on, the pointer will go quickly to the Open/High/Low/Close levels of nearby candles.

[12] Keep drawing mode: allows you to constantly use one line type and one tool without having to switch between them.

[13] Lock drawing tools: when you enable this mode all the lines you draw will be locked, cannot be moved or stretched.

[14] Hide the artboard and indicator: delete all the lines you have drawn before.

[15] Remove drawing tools, stats: This is where you erase all the lines you've drawn, all the stats you've set.

How to use the Top Toolbar section of TradingView?

[1] Individualization.

[2] Select an asset: Here, you can pick from a variety of different currency pairs.

[3] Switch the timeframe of the Chart: contains the entire timeframe provided by TradingView

[4] Change the candlestick pattern: where candlestick chart types are provided, the most popular is the Japanese candlestick chart.

[5] Technical indicator settings: Most traders mix a few elements from the Left Toolbar area, including the trendline, with the various indicators in this section.

[6] Popular indicators.

[7] Configure notifications for when an asset reaches a specific price.

[8] Check running charts from earlier times.

[9] Undo and Redo: This backtesting tool allows you to go back in time to the precise moment you desire.

[10] View a variety of charts. This function needs the Pro version: a method of segmenting the screen into several areas.

[11] Save Chart Layout: Location for keeping all analyses.

[12] Change the interface's settings: Configure the chart as desired.

[13] Full-screen mode: Full-screen view

[14] Take Pictures Chart: Share Pictures with One Click or Get Photo Links

[15] Make the Chart available to the public.

Main Chart section

[1] Set up the chart: TradingView offers this tool to aid traders in bringing the map up-to- date.

[2] Add alerts: You can add any alert or price that traders are interested in, similar to the feature in the Top Bottom section.

[3] Trading: TradingView has integrated trading practice for traders, so the account being used here is a demo account rather than a real one.

[4] Add charts to watchlist: If a particular currency pair has not been added to the watchlist, you can click this to follow or transact. This option is comparable to the built-in TradingView watchlist tool.

[5] Add notes: The notes are private; they won't show up like TradingView's notes on the Left Toolbar when you share the chart with others.

[6] Lock the vertical line on the time axis by using a candle as a time marker. This will make it simpler to locate the candle when switching to a different time frame.

[7] List of objects: If you want to close or remove an object from this list of tools that a trader has added or used for that currency pair, click the "X" button.

[8] Theme color: The background color can be selected as light or dark. This feature is newly integrated by TradingView with a dark mode or dark mode for users to choose from.

[9] Chart settings: contains settings information to help personalize charts, similar to the Top Toolbar section of TradingView.

Right Toolbar Section

[1] Show the desired properties.

[2] Asset indexes include the Fear & Greed Index, trade volume, etc.

Bottom of the toolbar

[1] Forex filter: TradingView also offers more details about tickers or cryptocurrencies here, in addition to forex. There will be a lot of information in this section about how one currency's buying and selling prices compare to those of other currencies.

[2] Text notes: When you type notes here, they will fit in this section but not on the chart; you must open them to read them.

Conclusion

TradingView is a crucial tool for traders who make investments using technical analysis. So you must therefore understand "What is Tradingview?" and "How to Use TradingView?" You must improve this information if you want to invest successfully because it is crucial. Market247.io hopes you learned a lot of important information from this article. Please leave a comment below if you have any questions so Market247.io will get back to you as soon as possible.

What is TradingView and How to use TradingView in crypto? FAQs

Can you trade at TradingView?

If your broker has a CQG option, and you have a CQG-powered account with them, you can trade through TradingView. Log into your free or upgraded TradingView account.

Can you buy crypto on TradingView?

Sure! You can pay with crypto (BTC, ETH, BCH, LTC or DOGE) for our annual Pro, Pro+ or Premium plans only. To pay with crypto, you'll need to switch on the tab titled "Crypto" located on the Order Page and follow the instructions.

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What is TradingView and How to use this tool in crypto? Market247.io