If you have been in the crypto or traditional stock market for some time then I am sure that you must have heard about the platform called TradingView. It is a charting platform mean it provides charts for almost every tradable and listed asset in the world that includes stocks, cryptocurrencies, commodities, and other tradable markets. One more thing that makes TradingView attractive is that it is also a social platform for traders where they can share their trading set-ups, strategies, and many things. So in this article, we will go through some of the features of TradingView which will convince you that you should also have an account there. So let's get started...
Why Charting Is Important In Trading?
The importance of charting is enormous! Many of you might have known the two types of analysis one Fundamental Analysis and a Technical Analysis, so the FA is purely based on the project, its product, and its competitors & its market space which is beneficial for making long-medium to long term decisions but TA provides an indication for about short to the short-medium time period and it is purely based on the charting. Charting gives a sense of understanding where the market is going and how it will react to certain levels and a trader can trade over those levels to make the most out of his trades.
Main Features Avavialble In TradingView
Chart: As we discussed chart is an important aspect of trading. But it can be only helpful if a trader can draw and overlap the required indicators on the chart. You can see a chart in candles, bars, lines, and many other available options. You can literally do anything on the chart, TradingView provides a playground for traders to play!!
Markets: Undoubtedly TradingView has a wide variety of markets. Below is the list of all available markets on TradingView:
Cryptocurrency, Stocks (NASDAQ, NSW, NYSE, etc), Futures, Forex, Indexes, Bonds.
TimeFrames: Whether you are a day trader, frequent trader, or scalp trader TradingView provides a chart from one minute to one month time periods. So it is suitable for any type of trading style that you practice.
Indicators: Indicators are the backbone of any trading strategy. TradingView has an enormous amount of indicators in the library which you can use on charts. And you can add multiple indicators on a single chart and create your own complex trading setups. Professional traders (you) can also add their own indicators available publically or lock with a subscription type of model.
Drawing: In the side menu you can find all the drawing material required that involves from basic pencil to complex shapes like Gann box and Pitch fans. With the help of this material, you can draw your trendlines on the chart and predetermine the trends.
TimeZones: You can change the timezone according to your own timezone or whatever you want to trade in.
Alerts: Another very important thing in trading especially in crypto trading as the market is continuously being traded. Alerts on TradingView can be as flexible as you want and they can be received over the screen, email, webhooks.
**Pine Script: **It is a scripting language developed by TradingView. It is easy to learn and practice and with the help of it you can use TradingView with full potential. You can code your own indicator, build your own trading strategies backtest it, and can also directly implement it on the actual market with available partners, If not then you can use webhooks and play the way you want.
Socializing: Here on TradingView you can publish your trading ideas or read & discuss ideas published by other traders. TradingView is used by millions of users and has some very popular & known traders over there. They keep publishing their ideas which can be very helpful for any new trader and can learn a lot of things by referring to those ideas.
Preview of the chart page on TradingView:
These are definitely all the feature of TradingView as the team continuously work on it to add something new to the platform. But I suppose they are enough for you to get on board, you can register on TradingView and play with it for FREE.
Official website: https://in.tradingview.com/
Conclusion
Trading cannot be learned in a single day, month, or year all it needs is practice, patience, and a little curiosity over building complex setups. Even if you are just getting started with the Technical Analysis TradingView is a perfect fit for you. Never lose hope and keep trying!
Hope you found this article informative and you have learned something new from it. Thanks for your support and for your time!!
Original article: TradingView: The Heaven For Traders!
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