Most successful traders use the TradingView Chart. Whether you are an expert or new to the field of international financial investment, trading view is always important. TradingView Chart provides the most useful chart and tool systems that any trader needs. Let’s Learn Forex Trading to learn what TradingView Chart is, how to download it, and how to optimize trading with TradingView Chart.
What is TradingView Chart?
TradingView is a forum or social networking platform launched in 2011. Gathering experts, investors, and traders to share knowledge about the market. TradingView Chart is a price chart tool that helps measure and forecast market trends. Combining TradingView Chart on MT4/MT5 helps you make accurate trading decisions.
Tradingview Chart has a friendly interface and easy-to-use tools. Therefore, investors are extremely fond of it. Tradingview has both free and paid versions that provide a more advanced set of tools, supporting in-depth analysis.
See more: Interesting things about Tradingview you may not know
Functions of TradingView Chart
Through the concept of what TradingView Chart is, surely you can partly imagine the functions and benefits that Tradingview brings to investors.
What does TradingView Chart offer?
TradingView Chart includes many charts combined with professional analysis tools,… All are presented visually and easily to understand, helping traders best monitor, update, and analyze market fluctuations.
Why should you trade forex with TradingView Chart?
Forex trading on the TradingView Chart brings many important benefits to investors. Here are the main reasons:
TradingView Chart helps track product and transaction trends
- Real-time market performance: Tradingview provides fast and accurate market data, helping investors monitor market trends immediately.
- Advanced technical analysis: Premium charts and technical analysis tools on Tradingview allow investors to identify market entry and exit points based on key indicators.
- Diverse chart formats: Integrates many types of TradingView Chart such as candlesticks, lines, and bars to reflect all angles of the market, helping investors have a comprehensive view.
TradingView Chart helps traders have smart strategies
- Integrated analytical tools: Tradingview is not only a charting platform but also integrates many analytical tools such as Fibonacci retracement, Bollinger Bands, and RSI, helping traders build solid strategies.
- Identify trading opportunities: Thanks to search and data filtering features, Tradingview helps traders identify trading opportunities based on market conditions and price patterns.
- Share and Learn: Tradingview’s large community allows traders to share strategies, and opinions and learn from successful traders. From there, accumulate experience and synthesize the most effective trading strategies.
What parts does the TradingView Chart consist of?
To see what parts the Tradingview Chart includes, you need to select the currency pair or product you want to monitor. For example, if you want to see the XAUUSD TradingView Chart, you look to the right of the Tradingview.com homepage interface and there is a list of assets and trading goods. Scroll down and select the code XAUUSD, then click on the “See on Supercharts” box.
Immediately an interface appears, including the following parts:
The left toolbar of the TradingView Chart
The left-hand area of the TradingView Chart contains all the tools that support drawing and manual measurement.
Some symbols you need to understand:
1 – Mouse cursor shape
2 – Trendline: helps you draw a trendline on the TradingView Chart, thereby determining price trends, resistance areas, support, price channels,…
3 – Fibonacci and Gann tools: used to draw pitchforks, squares and Gann boxes, Fibonacci extensions,… and many other options.
4 – Patterns: ABCD, Triangle, head and shoulders, Elliot wave,…
5 – Measurement and forecasting tools: used to measure profit taking, stop loss, risk ratio,…
6 – Geometric shapes: Used to mark the chart for easy viewing or interpretation by other traders.
7 – Annotation tool: Used to note everything you think about the chart on TradingView Chart.
8 – Icons: help make the chart more vivid.
9 – Ruler: Measure distance, and count the number of candles in an area.
10 – Zoom in.
The toolbar above when opening the Tradingview chart
While the left toolbar is for manual drawing, the top toolbar includes automatic indicators for analysis.
The symbols on this toolbar are quite easy to understand. In it, you will often use:
1 – Trading code name: Currently XAUUSD. Click on the currency pair and then type the currency pair you want to see the TradingView Chart chart for.
2 – Add transaction code: This tool allows adding another product code, comparing it with the current code.
3 – Time frame: This shows the current time frame you are viewing the chart. Here, you can add many favorite time frames, from short to long.
4 – TradingView Chart chart format: Gives you many choices such as candlestick chart, bar chart, or line chart.
5 – Indicator: Combined with some items in the left toolbar for analysis.
6 – Indicator templates: built-in or save indicators you create yourself.
7 – Create alerts: helps you pre-set alerts, saving time in continuously monitoring charts.
8 – Replay: rewind to the moment you want to see price fluctuations.
The main chart on Tradingview
This is the part that takes up the largest area of the TradingView Chart interface. Here displays the price chart you want to view as well as draw and install analysis indicators. Just right-click, and many features appear such as:
1 – Set up chart: Return the chart to the present.
2 – Add alert: Add an alert or price level to watch out for.
3 – Transaction: Create a transaction order. This is a demo account to help traders practice.
4 – Add transaction code to the monitoring list.
5 – Add text notes to the TradingView Chart.
6 – Lock the vertical line along the time axis: helps find a candle easily when switching the chart to another time frame.
7 – List of previously added tools.
8 – Color: Light or dark.
9 – Settings: Customize the chart as desired.
Right toolbar on TradingView Chart
This area contains news as well as information about commodity prices, helping traders to easily monitor and connect with many other traders.
You need to understand the following symbols:
1 – Watchlist: Contains detailed information and news about the products.
2 – Alerts: Contains a history of all alerts from the past to the present.
3, 4 – Detailed information for each candle on the TradingView Chart such as opening price, high price, low price, closing price, volatility, volume,…
5 – List of 10 hottest stock codes, sorted by the 3 most important criteria.
6 – Economic calendar.
7 – Your idea is published.
8 – Chat portal with other traders.
9 – All ideas and topics of TradingView Chart analysis.
10 – Idea stream: Contains all ideas being published.
11 – Notification: About followers, has anyone mentioned you, liked or commented on your ideas?
12 – Help with issues related to the TradingView Chart.
Instructions on how to perform some operations and how to use the TradingView Chart
For newcomers, the charting system on this platform will be quite complicated. After learning about the interface, below are some basic operations and usage that you need to understand.
Split the chart layout displayed on the Tradingview application
With the paid version, you can choose to display multiple charts of different assets. Or different chart types with the same asset type. The steps are as follows:
- Step 1: Click on the “Select Layout” icon. At this point, a series of layout types appear.
- Step 2: Choose the layout style you like the charts to appear.
- Step 3: Choose a time frame for each chart on the main TradingView Chart interface.
Display multiple time frames on the Tradingview chart
To move the chart to different short and long timeframes, you just need to:
- Step 1: Click on the “Multi-timeframe” icon in the toolbar above the TradingView Chart.
- Step 2: Select the time frame you want to add then click the star to add it to the list of favorite time frames.
Set TradingView Charts to default
While using charts, you often change many settings. If you want to remove all those settings and return to the original state of the chart, you just need to:
- Step 1: Click on the arrow located on the toolbar above.
- Step 2: Click Load Layout.
Step 3: Click on the X in the Layout you want to delete. A confirmation message appears. You just need to click Yes if you are sure. At this time, the chart immediately returns to the original interface.
Instructions for downloading Tradingview to your device
Traders often use a variety of devices to trade such as smartphones, computers, or tablets. Below is the simplest way to download the Tradingview Chart for the 2 most popular device types.
Download and install Tradingview for your computer
Step 1: Visit Tradingview.com.
Step 2: Move your mouse to More, scroll down to Download, then click to select Desktop app.
Step 3: Three items will appear for you to choose from, compatible with each of your computer operating systems. Specifically: Download for Windows, Download for macOS, Download for Linux.
Step 4: After clicking download, the installation file will be in the Download folder of your computer. You just left-click on the file, select Open to open the file, and then click Install to install. After the installation program finishes, click Finish.
Step 5: Once you have installed TradingView Chart on your computer, log in to your account to connect to the other device you want.
Download and install Tradingview for your phone
- With iPhone:
Step 1: Click on App Store => Type the phrase “Tradingview” in the search box => Click “Get” to download.
Step 2: Click on the application icon on the screen. Select “Allow” (If you want to receive notifications) or “Don’t Allow” (If you do not want to receive notifications).
Step 3: Log in to your account to sync with other devices.
- With Android phones:
Step 1: Click on CH Play => Type the phrase “ Tradingview Chart ” into the search box => Click the “Install” button. The application will now automatically be downloaded and installed on your device.
Step 2: Click Open or go to the screen, and click the TradingView Charts icon. Log in to your account to sync with other devices.
What account types can be used on Tradingview?
Currently, Tradingview offers 4 account types for users to choose from. Based on usage needs and investment style, traders will choose the appropriate package:
- Free account: Basic package.
- Paid accounts include 3 types: Pro, Pro+, Premium.
When registering an account, the home page will display each benefit of each package.
Popular features of the Tradingview app
- HTML5 chart: With more than 10 different TradingView Chart types such as Spread chart, PNF, Kagi, Kenko,… helps observe multi-dimensional markets. Traders can open up to 8 charts at the same time to monitor different aspects. Besides, the paid account also offers dozens of more advanced indicators and drawing tools.
- Alert feature: helps users receive important notifications and news via email and text messages. There are 12 types of alerts on indicators and drawing tools, helping users capture market fluctuations without constantly opening the TradingView Chart.
- Custom script: helps users create their signals based on market research and analysis by experts.
- Trading features: Use a virtual account to practice trading skills and try new strategies. Besides, traders can connect their trading account on the broker with their Tradingview account to open and close orders.
- Market feature: helps users update the latest market information on prices, volume, news,…
- Social network: TradingView is also a place to connect with good trading ideas. Users can share articles, videos, images, even livestreams, etc. Other people can comment on those posts.
Tradingview’s special features are available for a fee
- Second time frame: Other platforms only allow users to view TradingView Chart charts with a minimum time frame of 1-2 minutes. However, Tradingview offers time frames from 1s, 5s, 15s and 30s.
- Spread Charts: Tradingview allows you to view spread comparison charts of two asset types.
- Stock filter: You can use Tradingview to filter stocks with real-time conditions.
- Invite Only Indicator: You can create indicators and limit the number of people who can view them.
- Chart Replay Mode: Allows you to review price fluctuations at any time on the chart.
- Multiple Devices: Access 1 account on multiple devices.
See more: Instructions for registering an Exness account
Comparison table of features of Tradingview account types
| Feature | Basic account | Download Pro account | Pro+ account | Premium Account |
| Display chart number | 1 | 2 | 4 | 8 |
| Maximum warning | 1 | 10 | 30 | 100 |
| Archive the chart | Have | Have | Have | Have |
| Domestic price chart | Have | Have | Have | Have |
| Foreign price chart | Have | Have | Have | Have |
| Technical indicators | 2 | 3 | 5 | 25 |
| Email support | Are not | Have | Have | Have |
| Detailed analysis | Have | Have | Have | Have |
| Dark display mode | Have | Have | Have | Have |
| Maximum portfolio | Have | Have | Have | Have |
| Maximum sync devices | 1 | 1 | 2 | 5 |
| Exclusive functions | Are not | Are not | Are not | Have |
Instructions on how to use trading view to filter news
You can use Tradingview to filter market signals to find trading signals. Besides, Tradingview also provides signal analysis articles from experts. Let’s learn how to simply filter news from Tradingview right below.
Filter market signals from TradingView Charts
TradingView provides a market signal aggregation feature. To filter out accurate trading signals, do the following:
Step 1: Visit Tradingview.com
Step 2: Move your mouse to the Product section and then move down to the Screeners section => Click on the market you want to search for trading signals, such as forex.
Step 3: At this point, the Forex filter page appears => Click Filters to customize the filtering conditions.
Read signal analysis from Tradingview experts
If you want to search for signal analysis articles as well as see trading ideas from experts, just click on the Community section on the Tradingview.com homepage. Then, click Trade Idea. Immediately, shares expressing the opinions of experts about the market appeared.
What should you keep in mind when using TradingView Chart?
When using the TradingView Chart, you need to note some important things below:
- Learn about indicators and tools: The Tradingview platform provides many types of indicators and analysis support tools. Therefore, you must understand what they are before using them.
- Managing resolution and size: You must know how to optimize the chart size to see as much detail as possible. At the same time, view multiple charts, taking advantage of screen space.
- Edit time: Consider whether your investment strategy is short or long, then choose a reasonable time frame.
- Coordinate with news and announcements: Specifically, market news and economic events, thereby knowing how they affect prices.
- Using trend lines and wave legs: helps identify resistance and support areas, predicting the market’s direction.
- Track candlestick patterns, share TradingView Chart, and store your investment strategies.
- Try your hand at a virtual account: A virtual account (Demo) helps you practice your chart analysis and trading skills.
- Regularly discussed in the trader community. From there, gain a lot of knowledge and gain trading experience.
Epilogue
TradingView Chart is the most convenient and useful tool any trader needs, especially in the field of foreign exchange trading. Not only that, this is also a place to connect those new to the market to the most veteran traders. Hopefully, the above article, Learn Forex Trading has helped you better understand TradingView as well as how to use it to trade forex.
FAQ
Which Tradingview indicators are highly rated?
On the TradingView Chart, some of the best indicators, highly appreciated by most forex experts are:
- RSI: determines the price trend and entry point.
- ATR: measures price fluctuations.
- MACD: moving average.
- Ichimoku Cloud: shows support, resistance, momentum, and price direction.
- Squeeze Momentum: determine entry and exit points.
When is the TradingView Pro account free?
Before registering for a Pro account, you can use the free version for 30 days. This allows traders to experience the great features of the Pro plan. Save some indicators and layouts before your trial ends. If you don’t want to buy this account package, you can still use them.
What to do if you forget your Tradingview password?
If you forget your account password, follow these steps:
Step 1: Click on the box “I forgot the password or Can’t sign in”.
Step 2: Enter your email/phone number to log in. Then, click on “I’m not a Robot”.
Step 3: Click the “Search” box => Click to select the email or phone number to receive the password reset link => Select “Send”.
