💥Major Tradingview Tools & their Uses
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Geometric shapes
1. Triangle Tool
This is a simple drawing tool used to draw triangles on the chart. It is used to determine if a price will continue to move in a required direction or reverse.
This tool can be used to draw a falling wedge pattern, an ascending or descending triangle, and a symmetrical triangle.
2. Curve
This is U shaped tool used to connect a price trend. This tool is mainly used to the cup and handle pattern.
3. Path
This tool is used to highlight a possible trend to move from a particular price to another.
4. Rectangle
This tool is used to find draw out demand and supply zones.
Annotation Tool
5. Text
The text tool is used to write a word or group of words on the chart.
6. Tweet
This tool is used to insert a tweet or message on the chart. It is done by copying & pasting the tweet link on the chart for it to display.
7. Callout
This tool is used to identify a particular area on the chart and give a name or price of information on it.
8. Price note
Used to signal out a particular price on the chart.
9. Price label
Used to indicate a price zone on the chart.
Measurement Tools
10. Trendline
This is a measurement tool in Tradingview that is used to connect highs and lows in an uptrend or downtrend.
11. The Arrow Tool
This tool is used to point out the direction to which price will go either up or down
12. Parallel channel
This tool is used to detect an uptrend or a downtrend by connecting the Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL).
Prediction & Measurement Tool
13. Long Position
This tool is used to signal out a long trade where the entry price, stop loss, and take profit price is used to calculate the potential risk to return ratio.
14. Short Position
This is a tool that is used to predict a short move where the red box is the risk and the green part is the potential return.
15. Price Range
This is a prediction tool is used to calculate the percentage increase or decrease of a particular coin or currency pair from a particular entry price to an exit price.
16. Date and Price Range
This tool is used to determine the number of days, weeks, month and the percentage increase or decrease it took a coin or currency pair to move from a particular entry price to an exit price.
17. Forecast
This tool is similar to date and price range. It is used to determine if a move in a long or short position from an entry to an exit price is a success or failure.
What do you think?
Share your opinion in the comment section✍️
Follow me stay updated about more educating content like this
Happy Trading💰🥳🤗
Geometric shapes
1. Triangle Tool
This is a simple drawing tool used to draw triangles on the chart. It is used to determine if a price will continue to move in a required direction or reverse.
This tool can be used to draw a falling wedge pattern, an ascending or descending triangle, and a symmetrical triangle.
2. Curve
This is U shaped tool used to connect a price trend. This tool is mainly used to the cup and handle pattern.
3. Path
This tool is used to highlight a possible trend to move from a particular price to another.
4. Rectangle
This tool is used to find draw out demand and supply zones.
Annotation Tool
5. Text
The text tool is used to write a word or group of words on the chart.
6. Tweet
This tool is used to insert a tweet or message on the chart. It is done by copying & pasting the tweet link on the chart for it to display.
7. Callout
This tool is used to identify a particular area on the chart and give a name or price of information on it.
8. Price note
Used to signal out a particular price on the chart.
9. Price label
Used to indicate a price zone on the chart.
Measurement Tools
10. Trendline
This is a measurement tool in Tradingview that is used to connect highs and lows in an uptrend or downtrend.
11. The Arrow Tool
This tool is used to point out the direction to which price will go either up or down
12. Parallel channel
This tool is used to detect an uptrend or a downtrend by connecting the Higher Highs (HH), Lower Highs (LH), Higher Lows (HL), and Lower Lows (LL).
Prediction & Measurement Tool
13. Long Position
This tool is used to signal out a long trade where the entry price, stop loss, and take profit price is used to calculate the potential risk to return ratio.
14. Short Position
This is a tool that is used to predict a short move where the red box is the risk and the green part is the potential return.
15. Price Range
This is a prediction tool is used to calculate the percentage increase or decrease of a particular coin or currency pair from a particular entry price to an exit price.
16. Date and Price Range
This tool is used to determine the number of days, weeks, month and the percentage increase or decrease it took a coin or currency pair to move from a particular entry price to an exit price.
17. Forecast
This tool is similar to date and price range. It is used to determine if a move in a long or short position from an entry to an exit price is a success or failure.
What do you think?
Share your opinion in the comment section✍️
Follow me stay updated about more educating content like this
Happy Trading💰🥳🤗
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.