Terms of Use, Policies, and Disclaimers

 

By using our website www.tradingview.com and its services ("TradingView"), you accept the terms outlined here. If you disagree, please do not use TradingView.

 

 1. Modifications to the Terms of Use

We can modify these Terms at any time. Continued use after changes indicates acceptance. You can always review the current Terms.

 

 2. Alterations to TradingView

We may change or discontinue services without prior notice and cannot guarantee backward compatibility.

 

 3. Intellectual Property; License for TradingView Use; Data Redistribution; Non-display Usage

All rights to TradingView content are owned by TradingView, our affiliates, or our Data Providers. Content and data are for display purposes only and cannot be used for automated trading or other non-display applications. Direct non-display usage or third-party facilitation of such usage is strictly prohibited. Violations may result in legal actions.

 

 4. Attribution

Users may use TradingView charts with proper attribution in various publications. Attribution must be visible and follow specific guidelines. Failure to comply may lead to bans or legal actions.

 

 5. Third-party Sites and Advertisers

Links to third-party sites are provided for convenience; TradingView is not liable for any actions taken on those sites. Unauthorized solicitation is prohibited.

 

 6. Disclaimer of Warranties

TradingView services are provided "as is" without guarantees of accuracy or reliability. Use of the service is at your own risk.

 

 7. Disclaimer Regarding Investment Decisions and Trading

Investment decisions should be made with professional advice. Trading involves risks, and TradingView is not liable for any losses.

 

 8. Disclaimer Regarding Hypothetical Performance Results

Hypothetical results may not reflect actual trading outcomes. Various factors can affect actual results.

 

 9. Registered Users

Certain features require registration. Users must provide accurate information and can be denied access for violations.

 

 10. Non-professional Subscriber Status

Users subscribing as 'Non-professional' affirm they use data for personal use and are not registered with securities agencies. If determined otherwise, users may owe fees retroactively.

 

 11. Derived Data

Derived market data is proprietary and confidential. Raw data is not accessible to clients.

 

 12. Access and Security

Users must maintain account security and are responsible for activities under their account.

 

 13. Payment and Cancellation of Service

Users authorize recurring billing for subscriptions. Cancellations must be done through the user profile, and refunds are limited.

 

 14. Apple App Store Subscriptions

Purchases made through the app follow Apple’s policies. Cancellations can be done via the App Store.

 

 15. Android App Subscriptions

Subscriptions via Android are processed by Google Play and follow its policies.

 

 16. Feedback to TradingView

Contributions submitted to TradingView are not confidential and may be used without compensation.

 

 17. Indemnification

Users agree to indemnify TradingView against claims related to their content or use of the service.

 

 18. Termination

Users can delete accounts at any time, but TradingView may terminate accounts without notice for violations.

 

 19. Emails

Users consent to receive marketing and service-related emails and can unsubscribe.

 

 20. House Rules

Users must adhere to TradingView's House Rules.

 

 21. Third-party Software

TradingView disclaims liability for third-party software used in its services.

 

 22. Scripts

Users are responsible for scripts they create and must have rights to any third-party materials used.

 

 23. Publications — No Recommendation or Advice Status

Content on TradingView does not constitute financial advice, and users are not liable for any losses incurred.

 

 24. TradingView Referral Program Rules

Users can refer others for rewards, but must comply with specific rules and guidelines.

 

 25. Limitation of Liability

TradingView is not liable for various damages arising from the use of its services.

TradingView is a widely used platform for charting and analyzing financial markets, providing a range of subscription plans that offer varying features and functionalities. Below is a detailed explanation of how the billing process generally operates in TradingView:

 Subscription Plans

 

1. Free Plan:

   – Provides basic features with restricted access to certain tools and data.

   – Advertisements may be present.

   – Users can apply a limited number of indicators on each chart and save fewer chart layouts.

 

2. Paid Plans:

   – Pro: Grants access to enhanced features including additional indicators, greater chart layout storage, and the absence of ads.

   – Pro+: Offers even further enhancements beyond Pro, encompassing advanced charting tools, more indicators, and availability of intraday data.

   – Premium: The most extensive plan, delivering the complete range of tools, unlimited indicators, and advanced functionalities tailored for professional traders.

 

 Billing Cycle

 

– Monthly or Annual Billing: Users have the option to pay either monthly or yearly, with the annual subscription typically providing a discount compared to the monthly payment.

– Auto-Renewal: Subscriptions generally renew automatically at the conclusion of each billing cycle unless they are canceled. Users receive notifications prior to renewal.

 

 Payment Methods

 

– TradingView supports various payment options, including credit/debit cards and, depending on the user's location, sometimes PayPal.

 

 Trial Period

 

– New users might be able to initiate their experience with a free trial of a paid plan, enabling them to explore premium features at no cost for a limited duration.

 

 Billing Management

 

– Users can oversee their subscriptions via their TradingView account settings. This includes options to upgrade or downgrade plans, cancel subscriptions, and modify payment details.

 

 Refund Policy

 

– TradingView has a refund policy that generally permits users to request a refund within a certain timeframe after making a purchase, although the particulars may differ depending on the type of subscription and local laws.

 

 Conclusion

 

In conclusion, TradingView’s billing system is structured to provide flexibility through various subscription options, accommodating both casual users and professional traders. It is recommended for users to examine the individual features and pricing of each plan on the TradingView website to choose the most suitable option for their trading requirements.

 

 

Here are some frequently asked questions about billing in tradingview:

I wish to discontinue the automatic renewal of my subscription that I bought via the website. You have the option to disable auto-renewal at any point before your subscription is automatically renewed. To do this, navigate to your Profile Settings, then go to Account and Billing, and select Cancel subscription.

 

Important information to note:

 

• Following a cancellation, you can continue using your subscription until the conclusion of the paid term, after which it will cease and will not renew automatically.

• To prevent being charged for the upcoming billing cycle, ensure you cancel at least 24 hours prior to your next billing date.

 

 

I wish to discontinue the automatic renewal of my subscription acquired via the mobile application.

You can terminate the automatic renewal of subscriptions purchased through mobile applications in the relevant app store. More information on how to do this is available here: Google Play Help and Apple Support.

When you opt to cancel the automatic renewal, you will still have access to your subscription for the duration you’ve already paid for. After that, the subscription will be terminated. You can find details regarding payment and cancellation dates in the App Settings under Subscription, or within the corresponding app store.

The trial period is only available once; therefore, if you decide to renew your subscription after cancelling during the trial period, payment will be processed immediately.

If your subscription was obtained through the Android app, instead of cancelling, you have the option to pause it and resume at any time in accordance with Google Play’s terms.

 

I wish to pause a subscription that was acquired through the Android App.

You can only pause a subscription purchased via the Android app. It will be paused once the current billing cycle concludes. You can reactivate it anytime or cancel the pause before it takes effect. The subscription will reactivate based on the selected duration. If you purchase a new subscription while having a paused subscription, the previous one will be cancelled.

Subscriptions can only be paused and restarted within the Google Play app, and you can find more details in Google Play Help.

 

I have lost access to my Google account / Apple ID; how can I cancel my subscription?

Regrettably, we are unable to cancel the subscription linked to your Google Account / Apple ID.

Please attempt to regain access to your account by following these instructions for Google Accounts / Apple ID or reach out to Google / Apple support.

 

I would like a refund for a subscription I have paid for.

I have been automatically charged after my trial and would like a refund.

Chances are you have already reviewed our Policy and understand how it operates. If you were billed for an annual plan less than 14 days ago, we will process a full refund.

Generally, we do not issue refunds for monthly plans, but we always strive to provide exceptional service, so please reach out to our Support Team regarding this. We consider individual circumstances and may grant refunds based on those situations.

However, refunds for subscriptions activated through mobile apps can only be processed according to the terms set by Google Play or the App Store and solely through the respective stores.

 

I was automatically billed for 1 or 2 years and would like a refund.

It is likely you are already familiar with our Policy and how it works. You can request a refund within 14 days of the automatic renewal of your 1-year or 2-year subscription plan.

Even if your situation is different, we are committed to delivering the best service possible, so please contact our Support Team about this. We can take specific user circumstances into account and may issue refunds accordingly.

However, refunds for subscriptions activated via mobile apps can only be carried out in compliance with the terms of Google Play or the App Store and exclusively through the respective stores.

 

I have paid for a subscription and would like to request a refund.

You have probably already read our Policy and are aware of its contents, but life can be unpredictable. We always aim to provide the best service possible, and exceptions can sometimes be made. Please contact our Support Team, and we will assess what we can do to assist you.

Refunds for subscriptions obtained through mobile apps will be processed in accordance with the terms of Google Play or the App Store and only via the respective stores.

The Investment Clock Orbital Graph serves as an advanced visualization tool for traders and investors, allowing them to monitor economic cycles through a dynamic scatter plot that compares GDP growth and CPI inflation rates.

This tool integrates two effective TradingView indicators:

1. LuxAlgo’s Relative Strength Scatter Plot, which is used to track relative strength.

2. The Investment Clock Indicator, which provides a cycle-based perspective on market rotations. This indicator offers extensive insights into the Investment Clock.

 

By merging these methodologies, the Investment Clock Orbital Graph allows traders to visualize economic momentum and inflation trends in a distinctive orbital scatter plot.

 

Key Features & Enhancements:

– Orbital Graph Presentation: It illustrates GDP growth and CPI inflation as a dynamic scatter plot, reflecting the economy's various phases.

– Quadrant-Based Economic Regimes: It distinguishes four critical economic phases:

  1) Overheating (High Growth, High Inflation)

  2) Stagflation (Low Growth, High Inflation)

  3) Recovery (High Growth, Low Inflation)

  4) Reflation (Low Growth, Low Inflation)

– Data-Driven Insights: It leverages accurate GDP and CPI data from FRED (Federal Reserve Economic Data).

– Historical Economic Evolution Tracking: It monitors past economic cycles to highlight momentum and cyclical trends.

– Customizable Settings: Users can adjust sustainable GDP growth and inflation thresholds, trail length, and scatter plot resolution.

– Auto-Labeled Quadrants with Updated Market Guidance: Each quadrant features updated tooltips and annotations to assist traders in making informed decisions.

– Live Macro Forecasting: It helps traders predict future market conditions, interest rate changes, and sector rotations.

 

Using the Graph for Trading Decisions:

The Investment Clock Orbital Graph aids traders and macro investors by recognizing market phases and offering insights into asset class performance under various economic conditions.

 

1. Identify the Current Quadrant: Check the latest point on the orbital graph to determine if the economy is in Overheating, Stagflation, Recovery, or Reflation.

2. Forecast Market Trends: The trajectory of points can indicate future economic changes:

   – Overheating to Stagflation suggests economic slowdowns and bearish stock markets.

   – Stagflation to Reflation indicates potential interest rate cuts, benefiting bonds and defensive stocks.

   – Reflation to Recovery suggests a risk-on rally, favoring technology and cyclicals.

   – Recovery to Overheating indicates rising commodities and inflation, prompting central bank action.

3. Align Trading and Investment Strategies:

   – Overheating: Prioritize commodities and energy.

   – Stagflation: Favor defensive assets.

   – Recovery: Focus on growth stocks.

   – Reflation: Invest in bonds, value stocks, and financials.

4. Monitor Trends Over Time: This indicator allows traders to visualize economic movements over several months, helping to confirm long-term trends against short-term fluctuations.

 

The Investment Clock Orbital Graph is a crucial macro trading tool, offering real-time insights into economic conditions. By comparing GDP growth with CPI inflation, traders and investors can align their portfolios with significant macroeconomic shifts, predict sector rotations, and foresee changes in central bank policies.

Strategy Tester 

As traders, it's essential to evaluate our strategies; without testing, we can't determine their effectiveness. TradingView recognizes the significance of this process, which is why they offer a comprehensive strategy tester—completely free—alongside their other features. This tool enables you to assess strategies and access various performance data.

 

 

 

Given that it’s a free tool, the tester is surprisingly comprehensive. I’ve used several paid testers in the past, such as Ninjatrader and Forextester 4, and this one nearly rivals them. While it doesn’t include every feature they offer, it comes very close and even surpasses them in some areas, I would argue.

 

The tester displays all the key information in a straightforward window at the bottom. Here, you can view net profit, maximum total drawdown, Sharpe ratio, the ratio of winning trades to losing trades, average risk-to-reward ratio, and other critical metrics. By clicking on the "List of Trades" on the right, you can even see a detailed breakdown of each trade, providing further insights into your strategy.

 

For those of us who focus on price action trading, this tester may not be the most beneficial tool, as our strategies are too subjective for automated back-testing. However, for traders who rely on indicator-based strategies, it’s definitely worth exploring.

 

Trading Panel 

If you’re a fan of MT4, you might regret not having this tool, since it's one of the few genuine advantages MT4 has over many other charting platforms. Constantly switching between your broker and charting platform can be quite frustrating, but on Tradingview, it’s seamless. Like MT4, you can connect your broker to trade directly from the chart interface. Just go to the trading panel, select your broker or exchange, and link it to your account.

 

 

 

 

After you've connected, right-click anywhere on the screen and choose "trade" to execute a trade at that price. You can then manage the trade using the trade menu located at the bottom.

 

 

 

 

It's true that the list of supported brokers is somewhat limited, which could be an issue for some users. However, all the major brokers and exchanges, such as Oanda, FXCM, and IG, are fully integrated, so you shouldn't encounter too many problems.

 

How to Set Up Your Charts Like Mine

Any professional trader will tell you that how you configure your charts is just as important for your profitability as your trading strategy and risk management. So it makes sense to set them up correctly, right?

 

Earlier, I shared a basic chart setup for beginners, but now I'll guide you on how to configure them like mine. For the most part, the settings will remain the same, so don’t disregard my previous advice. Use those as your default settings, even if your chart setup differs from what I'm about to outline. The adjustments I’ll be making are mostly minor tweaks to eliminate unnecessary information or details we don’t need to focus on.

 

Regardless of how you decide to configure your charts, always remember to apply the default settings I mentioned earlier.

 

Step 1: Eliminate All News Tabs and Boxes

I prefer to keep my charts very clean and simple. I want to avoid distractions that could take my focus away from what truly matters: the price. Therefore, I always remove the watch-list, details, and headlines tabs from the right side of the chart window.

 

 

 

 

These three tabs offer valuable insights, but much of the information is unnecessary during trading, taking up precious space on the chart. If you want to restore them, you can easily do so by clicking the button in the upper right corner.

 

Step 2: Eliminate ALL INDICATORS 

As a price action trader, I felt it was important to include this. Indicators have NO PLACE on your chart unless they assist in making price-based decisions. Keep them OFF. Using them for anything beyond confirming a signal or observing a trend can quickly lead to failure, as many unsuccessful traders can attest.

 

However, not all indicators are ineffective. Some do provide useful insights or help identify patterns that are hard to spot manually. A good example is the swing high/low indicator from PatternSmart.

 

 

 

 

This custom indicator automatically identifies and highlights all swing highs and lows for you. No prior trading experience or knowledge of price action is needed. While it may not be particularly beneficial for seasoned traders like us, it’s an excellent resource for beginners, simplifying the process of locating and marking swing highs and lows. TradingView offers several helpful custom indicators like this one. I’ll be sharing a post soon that highlights some of my favorites and how to utilize them in trading.

 

Step 3: Change to a Candlestick Chart 

When you first access a chart on TradingView, it might appear as a line graph, and occasionally as a bar chart. Be sure to switch to a candlestick chart instead. While the line graph has its merits, it doesn’t provide the detailed price information we require for day-to-day trading. In contrast, candlesticks convey all the essential information. So, remember to make this switch right when you open the chart.

 

Step 4: Remove Volume and Change the Background to White 

A quick note: if you are proficient in using volume, keep it on your charts. My skills in reading volume aren’t quite strong, which is why I prefer to remove it. However, if you're knowledgeable about volume, it can enhance your understanding of price movements. Additionally, changing the chart background to white is advisable. A white background offers the best contrast with the chart colors mentioned earlier, making everything more visually distinct and easier to interpret.

 

 

 

 

 

To alter the color, go to the Appearance menu in the chart settings (you can access this by right-clicking on the chart) and set the chart color to white. Once you've done that, you're good to go.

Bottom Menu 

The bottom menu features some of the most effective tools available on TradingView. These tools, which may require payment on other platforms, can significantly reduce time spent and streamline the trading process.

 

Tool 1: The Screener 

For forex traders, the choice of which currency pair to trade often depends on personal preference. Traders typically have their favorite pairs but may occasionally explore others based on market conditions and emerging opportunities. In contrast, stock and cryptocurrency traders face different challenges. Many stocks and cryptocurrencies exhibit minimal movement or fluctuate so much that the spread hinders profitability. Consequently, these traders must sift through numerous options to identify suitable trades, which can be both frustrating and time-consuming. Fortunately, TradingView includes a free built-in screener that simplifies the process of finding the right stocks and cryptocurrencies to trade.

 

 

 

 

The platform allows users to screen stocks, currencies, and cryptocurrencies using a wide range of metrics, enabling the identification of optimal trading or investment opportunities. It supports a diverse array of metrics, including new highs and lows, significant percentage gains, and changes in indicators, offering advanced functionalities at no cost.

 

 

 

To modify the asset screening process, click on the tabs within the box labeled Overview, Performance, Extended Hours, Valuation, Dividends, Margin, and others. Additional customization options are available by selecting the Filters button on the right.

 

 

 

To exclude entire groups of stocks and currencies, select the box above. Timeframe screening is also available, but it requires a paid subscription, specifically the pro version of TradingView. Additionally, TradingView offers a comprehensive text editor, enhancing its features beyond those of MT4.

 

 

 

 

The notes tab enables users to create and save notes for future reference. This feature can be utilized for reminders about price movements or for documenting a trading plan or personal trading diary. All notes are stored in the cloud, ensuring they remain accessible and are not lost upon leaving the site. While it may not offer the extensive features of a word processor, it serves its purpose effectively.

 

Pine Editor 

For those interested in modifying indicators or developing new trading strategies, the Pine Editor is a key component of TradingView.

 

 

 

 

The Pine Editor serves as a coding suite for users to customize, create, and modify indicators and strategies. It allows for adjustments to the MACD calculation or alterations to the RSI interval according to specific requirements. Users have the flexibility to change various components and even develop their own strategies. Additionally, created indicators or trading strategies can be submitted to TradingView for verification. If approved, these will be included in the custom indicators folder for public access. It is important to note that TradingView enforces strict quality guidelines that must be adhered to before submission.

 

 

The right-side menu primarily displays key information about your currency pair. The three tabs (black box) provide news related to the currency, details about its price, and the option to create a personal watchlist. The far-right side (red box) contains several buttons for opening new tabs, primarily for social features, along with a few that are useful for trading.

 

 

 

 

We'll discuss the buttons shortly, but first, let's focus on the three tabs, beginning with the most helpful one: Watchlist.

 

 

The Watch-list feature is ideal for those who concentrate on a select few currency pairs or a specific group of stocks. It allows users to create a personalized list of assets for monitoring and easily switch between them at any time. By clicking on a currency, users can instantly view it with all previous analyses preserved on the chart.

 

The default watchlist displays only the top-performing assets from each sector, so users will need to remove these to customize their own list. To remove an asset, simply click the small X next to its name. To add a new asset, type its name into the Add box in the top right corner, and a drop-down menu of similar assets will appear.

 

Go to the sector of interest (in this case, forex) and select the items you want to add to your list. It's straightforward!

 

As with all the tabs in the right menu, the watchlist box can be resized. Simply click on one of the edges and drag it inward or outward to adjust the size to your preference.

 

You can create and save multiple watchlists; however, a pro account is required to save more than one.

 

To manage your watchlists, click the watchlist button at the top. This will allow you to save, load, and name your different watchlists, with the default watchlist always labeled as "Default."

Next, let's move on to the Details tab.

 

 

 

 

The Details section provides information about the trading instrument, offering essential details. The upper portion of the tab displays the current buy and sell prices, while scrolling down reveals more advanced information, such as the daily range and 52-week highs and lows. Additionally, clicking the "more" button allows users to view the current technical indicators indicating buy or sell signals. While this may not be particularly relevant for price action traders, it remains an interesting feature.

 

 

 

The headlines tab displays news headlines related to currency pairs from various global sources. It aggregates information from multiple forex websites, providing a diverse mix of current and future insights. While this tab may not be heavily utilized for detailed analysis, it can be useful for a brief overview of developments in the forex market.

 

In addition, the side menu buttons located to the right of the tabs serve different purposes. These buttons are primarily associated with the social features of TradingView, such as the chat window for interacting with other traders and the messages tab for viewing communications from other users. A brief overview of the main buttons of interest will be provided, omitting extensive details on all available options.

 

Each of the important buttons above has been labeled with a small box, and the social buttons are highlighted with a yellow box. Their functions are clear, so users can explore these on their own.

 

Regarding the key buttons, starting from the top (red box), the alerts button is present—referencing the alerts mentioned previously.

 

 

 

Alerts will be displayed in this tab for convenient access. Edits and deletions of alerts can also be made from this location. To view upcoming news events, enable the "Show Economic Events" option in the chart settings tab previously mentioned. This will display all upcoming events on the chart at their scheduled times. An alternative method to view upcoming news is by accessing the calendar (green box). TradingView features a comprehensive economic calendar similar to Forex Factory, which lists all upcoming news events along with their expected impact on prices. Simply click the calendar button to access it.

 

 

 

The calendar will display all upcoming events clearly. For stock traders and investors, it includes a section for upcoming earnings announcements. If there is uncertainty about when a stock will release its earnings, the calendar can be referenced for this information. Additionally, if a broker is connected to TradingView for direct trading via the chart, the order panel (black box) is available to place and monitor open orders.

 

 

 

The broker is not currently connected, so the options are not displayed here. However, once the setup is complete, all options for placing, closing, and managing open trades and orders will be available in this tab.

Sidebar Menu 

Now let's move on to the sidebar menu. 

This is likely the section of the chart you'll utilize most frequently. The sidebar displays all the key features for chart annotations, such as lines, rectangles, shapes, Fibonacci studies, and more, along with some unique tools available only on TradingView. 

There are plenty of options to explore, so let's dive right in.

 

 

 

 

Starting at the top, we have the cross-hair selector. As indicated, you can use this to change your cross-hair. I prefer to stick with the default cross, but feel free to choose a different option if that doesn't suit you. Additionally, you can select the eraser tool here if you wish to remove a shape or line from the chart.

 

Speaking of lines, you'll likely want to add support or resistance levels or trend-lines to your chart at some point—if not, then what are you doing on a price action site? Tradingview offers a variety of lines and channels to meet your needs. To access these options, simply go to the line tab located beneath the cross-hair selector.

 

 

 

Almost all line types are supported, ensuring that popular options are available. While some may be less practical, such as flat top/bottom lines, it is commendable that TradingView includes additional options that traders may not typically utilize or be aware of.

 

Tip: Press “Ctrl” while clicking on a line or any other drawing on the chart to create an instant copy—this can be useful for quickly marking multiple support and resistance levels or supply and demand zones.

For those who utilize pitchforks in trading, the pitchfork tab offers a variety of useful tools tailored for this method.

 

There are numerous types of pitchfork variations available, including many that I was previously unaware of—who would have thought there were so many? You'll also come across Fibonacci and Gann analyses here, featuring spirals, wedges, and the widely-used retracements. If you're into supply and demand trading, the next tab is essential…

 

 

 

 

The Shapes feature includes all the drawing tools offered by Tradingview, including rectangles for Supply and Demand zones. You can also find circles, curves, triangles, and arcs, or you can use the brush tool for freehand drawing. Pretty cool, right?

 

The text tab (T) is straightforward; it allows you to add text to your chart with titles and boxes. I frequently use it for my daily analysis, but you might find it useful for marking support and resistance levels or jotting down important reminders about price.

 

Keep in mind that you'll need a free Tradingview account to keep your analysis on the chart. Without an account, your work will disappear once you close the site or switch to a different pair.

 

Now, let’s look at a few more tools.

 

For all you pattern traders, the patterns tab under text offers various tools for marking chart patterns. Marking complex patterns like the Gartley or ABCs can be quite tedious, but these tools simplify the process considerably.

 

You can also find Elliott wave tools in this tab, so check them out if you're into waves and corrections.

 

Now, this next tool is crucial, so pay close attention. At first glance, the Time and Prediction tab might seem like just another collection of tools. However, it houses one of Tradingview's most valuable tools: the Short Position and Long Position tool.

 

 

 

If you find manually calculating the risk/reward ratio, profit targets, and similar metrics tedious, you'll absolutely LOVE this tool. It visually displays the aforementioned information on the chart using lines. By adjusting these lines, you can instantly see your risk-to-reward ratio, current profit and loss, profit target, and stop-loss price above the line, making it easy to monitor changes at a glance. Instead of doing everything by hand as you usually would, you can simply set up the tool and move the lines around. It automatically provides all your data without requiring you to perform any calculations or toggle back and forth with your broker. How great is that? Here’s a quick example to illustrate how it works in real-time…

 

 

Suppose I take a long position on Eur/Gbp at 0.84000, using a simple round figure for convenience. Typically, I would need to calculate my risk-to-reward ratio manually and constantly switch between my broker and chart platform to check my open profit and loss, maximum risk, stop-loss price, and other details, which can be time-consuming, especially during active trading. However, with the tool, I can simply place it on the chart and adjust the lines to the appropriate positions.

 

 

 

 

All essential information regarding the trade is now available. It is important to utilize the appropriate tool for the specific trade type; for instance, do not use the long position tool when a short trade is active, as this will result in inaccurate level displays.

 

Additionally, to ensure the tool provides accurate information, it is necessary to input the account balance and trade size in the settings menu. This can be done by right-clicking the tool, selecting “Settings,” and entering the required information. The “Style” and “Visibility” tabs can be used to adjust the tool’s colors and the timeframes on which it is displayed.

 

The Icons tab allows for the placement of arrows, stars, and other decorative elements on the chart. A variety of icons are available to enhance chart presentation.

 

The lower section of the side tab features chart buttons, which enable various functions to modify or interact with the chart, such as zooming in or out, deleting, or hiding drawings.

 

 

 

 

There are only a few options available, so let's quickly go through them. The ruler icon at the top allows you to measure price changes. By dragging it from one point to another, you can see the pips, days, and weeks it took for the price to move that distance. The magnifying glass icon below (2) lets you zoom in and out of the chart, although you can also use your mouse wheel for this, making it somewhat redundant.

 

Tip: You can quickly access the measurement tool by holding shift and dragging your mouse.

 

With the Magnet feature (3), you can align objects (like lines and rectangles) to the nearest candlestick's open, high, low, and close prices (OHLC). While this may seem helpful, it often causes the cursor to stick to various elements, so it's better to leave it turned off.

 

 

 

 

The following two tools, "Lock All Drawing Tools" and "Stay In Drawing Mode," are not essential, so it is advisable to leave them unchecked.

 

If the chart becomes cluttered with lines, zones, and retracements, use the eye icon (5) to hide all elements; click it again to restore visibility. To remove all studies, drawings, and indicators from the chart, select the trash can icon.

 

Click the arrow on the right for additional options regarding what to remove.

 

The star icon opens the favorites menu, displaying preferred tools. The objects tree icon at the bottom provides a list of all drawings and indicators on the chart, allowing for individual hiding, deletion, and editing of each item.

 

To save a tool as a favorite, click the star next to it. Favorite tools will then be accessible in a separate toolbar on the chart for convenient switching during trading.

Indicators encompass all the technical indicators offered by TradingView, and there is an extensive selection available. You will find a wide range of indicators here. In addition to the fundamental indicators that are widely recognized, TradingView also includes a comprehensive array of custom indicators developed by its user community.

 

 

 

When the tab is opened, it displays four mini tabs, each featuring a distinct set of tools and indicators. The most common indicators can be found under “Built In’s” at the top, including MACD, Moving Averages, and Relative Strength Index, along with other popular options.

 

The custom library showcases the previously mentioned custom indicators.

 

To modify the settings of an indicator, right-click on the line or graph (depending on the indicator) and select the “Settings” button. A small menu will appear with all the adjustable settings. The available changes vary by indicator, but crucial modifications are generally supported. Additionally, colors and display settings can be altered by clicking the “Display” tab within the settings menu.

 

For those interested in creating or editing their own indicator, the My Scripts button can be used.

 

The Volume Profile indicator is exclusive to pro account holders. It offers an advanced perspective on volume by plotting it vertically on the right side of the chart, allowing users to observe volume accumulation at various price levels. It is similar to market profile and may not be essential for price action traders, but could be beneficial for those who analyze volume.

 

The next section is the Financials tab, which is primarily useful for stock traders, so it may be skipped if focusing on forex. This tab displays key financial metrics about a stock, such as earnings, debt, and cash flow, and presents the release of each figure in a separate graph beneath the chart for easy visualization of changes over time. For those involved in stock trading or investing, this tab facilitates the monitoring of fundamental analysis trends.

 

 

 

 

The menu displays all the key financial information, and users can easily navigate between them by clicking the tabs on the left. If you dislike having to reapply your studies (indicators, financials, etc.) each time you open a new chart, you can use the Templates button to save your current chart layout as a template. By selecting this template when opening a new chart, all your studies will be reapplied with your saved settings instantly. Three default templates featuring the most popular tools and indicators are available, but creating a custom template is advisable for greater flexibility. It is important to note that the free version of Tradingview allows the saving of only one template, so make your choice carefully. The Alerts feature enables users to set alerts as needed.

 

 

 

 

TradingView offers a vast array of options for creating and customizing alerts, as demonstrated above. Alerts can be set for various scenarios, such as when support and resistance levels are reached, when news events occur, or when indicators cross specific thresholds. Users can also receive alerts via phone or email, ensuring they stay informed while on the go.

 

It is important to note that SMS alerts require a paid account, while email alerts are free.

 

Setting an alert is straightforward and can be done in two ways. The first, more convenient method, involves right-clicking on the price, technical indicator, or level where the alert is desired and selecting the "Add Alert" option from the menu. TradingView will then create the alert automatically. The alternative method involves accessing the Alerts tab and manually inputting all necessary information.

 

To view all active alerts, simply click on the alarm clock icon located in the right menu.

 

 

 

 

 

 

Prior to discussing the right side of the menu, it is important to mention the Market Replay button. This feature is exclusive to Pro accounts. Market Replay allows users to rewind the market and replay it in real time, similar to watching a video. It is frequently utilized to review past trades in order to analyze successes and failures, as well as identify areas for improvement. Additionally, the Undo and Redo buttons (11) are available for correcting mistakes, similar to word processing software—this aspect is often overlooked. Now, let's proceed to the right side of the main tab.

 

 

 

 

These five options may not be frequently utilized, but they offer some interesting features worth being aware of. For instance, if you wish to modify the chart layout to display one currency alongside another or to show a different timeframe in conjunction with another, you can click the small square button (12). TradingView provides various layout types; however, access to all of them requires a paid subscription.

 

Next to the square button is labeled "Unnamed" with a downward arrow beside it. This feature allows you to save your current chart, including all indicators, lines, drawings, tools, etc. TradingView stores all your charts in the cloud—indicated by the icon—enabling easy switching between them. Simply click the arrow to save and load your charts.

 

It is advisable to keep the Auto-saving feature enabled to avoid losing your analysis if the chart is closed. The small Cog button opens the chart settings menu, as previously mentioned. To maximize the chart window, click the icon with four expanding arrows. If you wish to capture a screenshot of the chart, perhaps for sharing in a forum or chatroom, click the small camera icon located to the right.

 

With the Publish feature, you can share your analysis on TradingView for others to see. Click the button to open the idea window, where you can enter your idea or title for the analysis—such as "Eur/Usd Breaking To New Highs"—and provide a description of your predictions in the text box below. Once approved, TradingView will publish your analysis on the Ideas page for that currency pair.