Introduction
Trading View is the most powerful tool used by traders and investors due to its advanced features, user-friendliness and comprehensive analytical tools. Although many traders are familiar with the basic training system, the reporting system can improve trading strategies, improve decision-making, and provide a competitive advantage to become better. This article takes an in-depth look at some of these features and how you can make the most of TradingView's capabilities.
Also read
Trading View: A Beginner's Guide
Pine letter:
TradingView's scripting language, Pine Script, allows users to create custom indicators and strategies. Pine Script is designed to be easy to learn for beginners but powerful enough for advanced users. With Pine Script, traders can record their indicators, automate their strategies, and run backtests based on historical data.
Using public libraries:
Trading Views public library contains thousands of custom symbols created by other users. Traders can browse, test and use these indicators by looking for unique tools that are not usually included in the standard list of indicators.
Overlapping several times:
Multiple Time Frame Analysis (MTA) is essential for understanding the market and making business decisions. TradingView helps traders see the big picture by allowing users to cross-reference different time frames on a single chart.
Example: Provide daily and hourly charts:
You can use more time using the Pine script to give the average daily movement in one hour:
Panel multi-graph layout:
TradingView's multi-chart layout feature allows users to view multiple charts simultaneously. Traders can track different assets or different periods of the same asset in a single view, improving their ability to spot patterns and make quick decisions.
Fibonacci tool:
Fibonacci Retracement and Extension tools are essential to identify potential support and resistance levels. TradingView has a customizable Fibonacci tool that traders can use to accurately track these levels.
Gann Tools:
Gann Fan Chart and Gann Box Chart are advanced tools that can help traders predict future prices based on geometric assumptions. TradingView allows direct saving and editing of these tools.
Andrews™ Pitchfork is another tool that identifies potential support and resistance levels. By combining three pivot points, traders can predict channels that will help identify different trades.
Reminding:
TradingView's alert system is highly customizable, allowing traders to set alerts for specific events such as price levels, key indicators, or custom notes. These alerts can be sent via email, SMS or push notifications so investors don't miss important transactions.
Advanced Order type:
TradingView offers market order, limit order, stop order, OCO (one-off) etc. It supports many order types such as. Such decisions can help traders implement more complex trading strategies.
Broker Integration:
TradingView integrates with many brokers, allowing users to trade directly from the platform. This seamless connection ensures that traders can execute their strategies effectively without having to switch between different platforms.
volume tracking
Volume Profile is a professional tool that shows the market movement of a certain price over a certain period of time. This tool helps traders identify fundamentals based on trading volume and provides insight into market sentiment.
Example: Using volume profile:
To add a volume profile to the list, select it from the menu and customize it to suit your analysis needs. Volume profiles can be customized to view all sessions, view multiple, or view custom settings.
repeat work
Trade Replay is a powerful feature that allows traders to go back in time and replay trades as they are currently occurring. This tool is invaluable for backtesting ideas and learning how to respond to different processes.
Use job repeat:
Select the Sunday Replay button in the image.
Select the date and time you want to start.
Use playback controls to start, stop, and adjust playback speed.
Renko chart:
Renko charts filter out noise and highlight major price movements. They are useful for identifying differences and can reverse them.
Japan Special Graphic:
Kagi chart focuses on price action and changes direction when price reverses profit. They are very useful in identifying trends and support/resistance.
Content and figures
Dot and Figure charts ignore time and focus on price action. They are excellent for identifying support and resistance levels as well as chart patterns.
Idea Tester:
TradingView's Strategy Tester allows traders to re-evaluate their strategies using historical data. These features help evaluate the effectiveness of the strategy before it is used in the real market.
Optimization Strategy:
Investors can improve the strategy by correcting flaws and analyzing the results. TradingView provides detailed performance information to help traders adjust their strategies for better results.
Shared strategy:
TradingView's social features allow traders to share their ideas and analysis with the community. This collaborative environment encourages learning and the exchange of ideas and perspectives.
Follow other investors:
investors can follow experienced analysts and gain insight from their analysis and trading setups. This feature helps beginners learn from more experienced traders and improve their skills.
TradingView has a number of professional tools and features that can improve your trading strategies. From custom metrics to multi-time analysis, from volume profiles to strategic backtesting, mastering these strategies will give you a competitive advantage in the market. By leveraging TradingView's features, investors can make better decisions, improve trading performance, and achieve financial goals.
Whether you're new to trading or an expert, exploring and using TradingView's professional methods will take your trading to the next level. Start testing the tool today and discover the full potential of TradingView's powerful features.
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