TradingView Guide
TradingView Guide: The Ultimate Charting Platform
TradingView has become the go-to charting platform for millions of traders worldwide. Its powerful charts, social features, and multi-device support make it an essential tool for forex traders at every level.
Why TradingView?
- Beautiful, responsive charts that work on any device.
- 400+ built-in indicators and millions of community-created ones.
- Pine Script for creating custom indicators and strategies.
- Multi-chart layouts for monitoring multiple pairs simultaneously.
- Social trading community with shared ideas and analysis.
- Free tier with essential features.
Getting Started
Step 1: Create an Account
Sign up at tradingview.com (free tier available).
Step 2: Set Up Your Chart
- Open a chart (e.g., EURUSD).
- Choose your preferred timeframe (1H, 4H, Daily).
- Select candlestick chart type.
- Apply a clean dark theme for reduced eye strain.
Step 3: Add Your Indicators
Click "Indicators" and add your preferred tools. Start with:
- EMA (20 and 200) for trend direction.
- RSI (14) for momentum.
- Volume for confluence.
Essential TradingView Features
Drawings and Annotations
- Trendlines: Connect swing highs and lows.
- Horizontal Lines: Mark key support/resistance levels.
- Fibonacci Tool: Draw retracement and extension levels.
- Text Notes: Annotate your analysis directly on the chart.
Alerts
Set price alerts so you don't have to stare at charts all day:
- Price crosses a specific level.
- RSI crosses above/below a value.
- Moving average crossover.
Alerts can be sent via app notification, email, or SMS.
Screener
Filter instruments based on technical and fundamental criteria:
- Find all forex pairs with RSI below 30.
- Find pairs making new 52-week highs.
- Scan for specific candlestick patterns.
Pine Script
TradingView's built-in programming language lets you:
- Create custom indicators tailored to your strategy.
- Build automated strategy backtests.
- Share your creations with the community.
TradingView Plans
| Feature | Free | Essential ($14.95/mo) | Plus ($29.95/mo) | Premium ($59.95/mo) |
|---|---|---|---|---|
| Charts Per Tab | 1 | 2 | 4 | 8 |
| Indicators Per Chart | 3 | 5 | 10 | 25 |
| Alerts | 5 | 20 | 100 | 400 |
| Watchlist Size | 30 | 1,000 | 1,000 | 1,000 |
| Bar Replay | Limited | Yes | Yes | Yes |
| No Ads | No | Yes | Yes | Yes |
Pro Tips
1. Use Multi-Timeframe Analysis
Open multiple chart layouts with the same pair on different timeframes (e.g., Daily, 4H, 1H side by side).
2. Save Chart Templates
Save your indicator/drawing setup as a template. One click to apply your full setup to any new chart.
3. Follow Smart Traders
Browse the "Ideas" section for published analysis. Follow traders with proven track records.
4. Keyboard Shortcuts
Alt+T— Trendline tool.Alt+H— Horizontal line.Alt+F— Fibonacci tool.Alt+S— Screenshot chart.
5. Mobile App
The TradingView mobile app gives you the same chart quality on your phone. Perfect for monitoring trades and checking setups on the go.
TradingView is free to start and powerful enough for professionals. Set it up today and level up your chart analysis.
Pip Value Calculator
Required for accurate calculation.
Based on Standard Lot (100,000 units)