Five Ways To Use The Multiple Chart LayoutOur multiple chart layout tool gives traders and investors an easy way to study multiple symbols or timeframes at once. In this post, we'll explain five ways to use the multiple chart layout feature to optimize your process.
Chart different timeframes
If you look closely at the charts above, you will notice that there are different timeframes for each chart. One is a daily chart, one is a weekly chart, and another is a 30-minute. The multiple chart layout makes it possible to see these different timeframes all on the same screen. If you search for trades and do research on all time horizons, this is an important feature to master.
Customize the look and feel of your layout
Every trader and investor is different in their approach. That's why it's important to have customization tools available. Each chart in the example above uses a different color gradient as its background. The chart farthest to the right is also a line chart while the other two show candlesticks. When using the multiple chart layout you can create your own custom workspace to match your individual style needs.
Diversify your indicators
The charts above also show different indicators. For example, the yellow line farthest to the left is a Moving Average while chart in the middle shows a Volume Profile and the chart on the far right shows only volume. You can add only the indicators that matter for each specific chart within your layout.
Chart different symbols at once
In the example above, we're looking at three totally different symbols, but all viewable on one screen. This way we can follow price action, study similarities, and look for ideas across different assets. It speeds up our research and is another helpful way to monitor different symbols across the market.
Sync your charts
With the click of a button you can sync the symbol, crosshair, interval, time, and drawings for all charts in your layout. To get started, click the layout button at the top of your chart and then find where it says "SYNC ON ALL CHARTS." From this menu you can select the syncs you need so that they all update instantly.
Thanks for reading and we hope you enjoyed this post! If you have any tips, suggestions or feedback to share about the multiple chart layout please write it in the comments below.
TradingView Tips
How to Draw Fibonacci Channels
Fibonacci Channels are used to determine fibonacci support and resistance levels within an identified trend.
These channels can easily be drawn in both uptrends or downtrends to find potential areas where price action could change.
Uptrend
When drawing a Fibonacci Channel on an uptrend, a clearly identified trend needs to be established with higher lows being created.
To draw the channel, first select the two low points on the trend, and then the high point in-between them.
After the channel is drawn, the Fibonacci levels calculated can be used to help speculate price action by watching these areas as support or resistance.
Downtrend
When drawing a Fibonacci Channel on a downtrend, a clearly identified trend needs to be established with lower highs being created.
To draw the channel, first select the two high points determined by the trend, and then the low point in-between them as shown below.
Do you use Fib Channels?
If so, share your ideas in the comments below!
Introducing The Satoshi All Time History IndexStarting today you can chart, follow, and research the price of Satoshis going back to 2010. Our new index is called Satoshi All Time History Index.
Satoshis, or sats, are the smallest unit of bitcoin (BTC). 100,000,000 satoshis make up one Bitcoin.
Satoshis are particularly important to the Bitcoin community because transaction fees are often measured as satoshis per byte or satoshis/byte. This makes the unit important to chart, follow, and analyze in detail. In addition, some people see sats as a useful way of addressing unit bias – where people prefer whole units over a fraction of a unit.
To get started with our new index, type SATSUSD into the search box and select it from the list. You can also bookmark the SATSUSD symbol page or share the link where needed.
We hope everyone enjoys this new addition. Please leave any comments or questions below.
Thanks for reading!
Using the Trend-Based Fib Extension ToolThe Fibonacci ratios are widely used among traders to help identify potential areas of reversal in the movement of price action.
The Trend-based Fibonacci Extension tool utilizes three points on a previously identified trend in order to draw the Fib ratios on the chart.
In the chart above, price was rejected twice at the ~$35.50 level, forming a double top which is a fairly strong reversal pattern. To help identify potential areas of support and resistance we have drawn a Trend-Based Fib Extension.
Using the double top patterns High, Low, and High as the three points for the Trend-Based Fib Extension, the Fibonacci ratios are drawn on the chart.
In this example, you can see that price action respected these levels very well until finding strong support at a potential bottom that corresponds with the 200% extension level.
But, notice the region in the yellow box on this chart. There seems to be no identified areas where the Fibonacci ratios show support or resistance.
While retrospectively we can tell that the area of support found at ~ $12 (141.4%) in mid-November 2017 did not produce a new bull market. At the time there was a potential reversal at that region resulting in higher highs and therefore we could have pulled a NEW Trend-Based Fib Extension as shown below.
As the new Trend-Based Fib Extension is identifying areas of a new uptrend, we see that these ares are shown in a way that they were not in the previously drawn Trend-Based Fib Extension.
However, price was rejected at the 61.8% level and continued downward until the 0% extension level was broken, thus invalidating this Trend-Based Fib Extension.
While the upward price trend did not continue, there was a local high that was made and thus could be utilized to create another Trend-Based Fib Extension to further identify areas of reversal for the continuing downtrend as shown below.
Looking at this newly created Trend-Based Fib Extension, we see that the areas moving down to the 78.6% extension level are very well respected, at which time the price found support, creating a triple bottom reversal pattern.
It is interesting to note that the 78.6% extension on this Trend-Based Fib Extension pull is at $1.82, and the 200% extension level from our first Trend-Based Fib Extension pull was at $1.95, a mere $0.13 difference in price.
This area where the two levels of a Trend-Based Fib Extension or Retracement group together is know as a Fib cluster and indicates areas of strong support or resistance.
With price forming a triple bottom and reversing from this level, is it possible that this is the bottom of the downtrend?
Could a new Trend-Based Fib Extension now be pulled from a new Low/High/Low to identify potential areas of support and resistance?
Give it a try and see what you find!
Heikin Ashi Charts vs. Candlestick ChartsFollowing price action is at the core of markets. One glance at a chart can show you a trend, trade idea, or serve as a quick way to check the holdings in your portfolio.
Candlestick charts are one of the most popular ways to look at price action. A single candlestick shows the high, low, open, and close for a specific time period. This means that a lot of price information is stored in a single candlestick. However, sometimes, that price information is filled with volatility or chaotic trading.
That's where Heikin Ashi charts are most useful - they smooth out the price by showing an average price range rather than the exact measurements. In fact, Heikin Ashi charts were developed in Japan and the word Heikin means “average” in Japanese. For those who invest over long-term horizons or look for sustainable trends, Heikin Ashi charts can be an effective way to smooth out price and show clearer trends.
The key to understanding Heikin-Ashi charts is to remember that each bar, whether it's red or green, shows an average price range for a specific time period whereas a candlestick chart shows the exact price levels for that time period.
The formula for a Heikin Ashi looks like this:
Open = (Previous bar open + previous bar close) / 2
Close = (Open + High + Low + Close) / 4
High = Highest point whether it's the open, high, low or close
Low = Lowest point whether it's the open, high, low or close
Make sure to test out these two different chart types and have some fun. There is no better way to learn than to compare and contrast the two types of charts as we are doing in this example. Remember, it is also about your personal preference. Do you want to see every granular detail in price action? Or do you want to see an average price of that trading action? This is entirely up to you and the tools are here for you to try.
NOTE
While Heikin Ashi and other non-standard charts can be useful to analyze markets, they should not be used to backtest strategies or issue trade orders, as their prices are synthetic and do not reflect bid/ask levels at exchanges or brokers. If you need more information to understand why that is, have a look at these publications:
• In the Help Center: Strategy produces unrealistic results on non-standard chart types (Heikin Ashi, Renko, etc.)
• From PineCoders: Backtesting on Non-Standard Charts: Caution!
Thanks for reading and please leave any comments or questions if you have them!
Using Linear Regression ChannelsLinear Regression Channels are a great way to identify potential key levels of future price action by graphing the normal distribution of a trend.
When using the Regression Trend tool (located in the drawing panel under the “Trend Line Tools” group) two points on a trend are chosen, generally at the beginning of the trend and the end of the trend.
When the two points on the chart are chosen, the normal distribution of the dataset is calculated between the two chosen points and displayed in the form of a linear regression channel.
The center line in this channel is the Linear Regression Line or Mean, and the upper and lower lines are the Upper and Lower standard deviations from the mean as set in the tool’s settings (default settings are +2 and -2 standard deviations from the mean).
The correlation of this linear relationship is displayed as Pearson’s correlation coefficient , or Pearson’s R. This can be displayed or hidden on the chart by selecting it within the tools style menu.
Pearson’s R shows the strength of the correlation as well as its direction, with values moving between -1 and 1. As Pearson’s R moves further away from zero, the strength of the linear relationship between price and time increases. When using the Regression Trend tool, Pearson’s R will always be set as an absolute value (positive), but the direction of the trend can be visually identified.
Mean reversion
When a regression trend has a high correlation, this is due to the consistency of price action laying along the mean (center line), with fewer points moving above and below the mean line to the upper and lower standard deviation levels.
One way to trade using a linear regression channel is to trade the price action as it moves away from, and back to the mean.
As this tool is used, it is important to note that a channel graphed containing more bars and having a high correlation is more likely to have price continue in that trend than one that is graphed with only a few bars and having a high correlation.
The length of the trend should be considered when trading these channels.
With the Regression Trend tool, you can start utilizing statistical analysis in your trading strategy with only the click of a few buttons!
How To Add Emojis To Your ChartIf you publish a lot of research from your TradingView account, emojis will give readers another way to engage with your work. Emojis are recognized globally and can help others better understand how you're thinking or feeling. They can also be used as quick reminders or notes.
Here's how you can add emojis to your chart:
1. Copy and paste an emoji directly into the text box tool like this 👋. If you need help finding an emoji to copy and paste, there are several websites that make this easy to do. You can add emojis to any text box or drawing tool that supports text.
2. The second method is to use the Signpost tool. The Signpost tool is located in the Annotation Tools menu on the left-side of the chart. Select the Signpost, place it on the chart, and then open its settings to add an emoji. The Signpost tool can be used to leave detailed notes at specific price levels. It is easy to use, fully customizable, and it can be dragged to any point on your chart. We've included a few examples on the chart above where we've also customized the background color of each Signpost. 😎🐻 🥶🐂
Thanks for reading! Let us know if you have any questions or comments. Our team is always listening and waiting to help.
Creating Lines with ShortcutsCreating lines on a chart is one of the most fundamental methods of charting when performing technical analysis. Being able to create these effectively and quickly is a very useful skill to have.
Horizontal, Vertical and Cross lines can all be found on the drawings panel to the left of the chart in the subgroup “Trend Line Tools”. These tools can be added by selecting them from the subgroup and then placing them on the chart.
However, a more efficient method to creating these lines is to utilize the hotkey functions:
Horizontal Line Shortcut:
- Alt+H (PC), or Option+H (MAC)
Vertical Line Hotkey:
- Alt+V (PC), or Option+V (MAC)
Cross Line Hotkey:
- Alt+C (PC), or Option+C (MAC)
Becoming more efficient in your ability to draw lines on your chart will allow for quicker identification of areas of support/resistance and times on your chart.
Be sure to visit our help center to learn more about these tools!
More information on the Horizontal Line tool:
www.tradingview.com
More information on the Vertical Line tool:
www.tradingview.com
More information on the Cross Line tool:
www.tradingview.com
Create Alerts (And Wait Patiently)There are two key steps to creating alerts:
1. Find Important Price Levels
Do your research. Find a price level that looks important and wait. Patience is everything. You have the tools available to you to research and follow markets. Whether it's a simple trend line , moving average or a custom Pine Script, use the tools to make better decisions. Find the ideal entry or exit.
2. Create The Alert
Once you've found a level that interests you, create an alert and walk away. Right-click on that exact price level and then select "Create Alert" from the menu. You can also use the keyboard shortcut Alt + A or on a Mac option + A. Lastly, at the top of every chart is an alarm clock icon ⏰. Click that to open your alert menu and get started.
The chart in this example shows a level we're watching. It's just an example and meant for education. It also shows the alert we created marked by orange line. Your alerts will look like this as well and you can create them for any symbol or custom pair i.e. ETHBTC, AAPL, and TSLA/BTCUSD. In this example, we've marked a possible double bottom that we will wait patiently for. Let the alert hit before doing anything.
We'll get notifications on our TradingView mobile app, through email, and on our desktop. Then we can act. This makes our trading more manageable rather than following every tick, minute-by-minute. 😁
Alerts can help you plan ahead and wait. We all know patience is important. So use alerts to express that patience.
Thanks for reading and we look forward to hearing your feedback in the comments below!
How To Use Our New Timeline FeatureWe created Timelines to help people learn more about the companies and symbols they follow. Timelines are comprehensive guides that reveal the history, key events, and defining moments of a specific symbol. As a trader or investor, Timelines can be used to study the historical events of markets and the story that makes a symbol what it is today.
In this video we show you how to use Timelines and where they can be found. If you need help finding a Timeline, check out the examples we linked below:
1. Tesla Timeline
2. Apple Timeline
3. Bitcoin Timeline
4. Shopify Timeline
We hope you enjoy Timelines and use them to learn more about markets. We also invite you to share your thoughts in the comments. Please let us know what Timeline you want to see next. Even better, please let us know if you think can help! You can also try making your own Timeline with the Annotation tools available to you like Price Note and Signpost.
Thanks for being a member! 🙌
Music For Trading and InvestingWe teamed up with a behavioral psychologist to look into the science behind the best song choices for trading and investing. We identified a formulae based on the five essential components of music — Tempo (BPM), Tone (T), Length and Volume (LV), Lyrics (L) and Mood (M). We then used these formulae to create two specialized playlists:
Playlist #1: Zero In - Songs that aid concentration and can be used when researching your next moves.
Playlist #2: All Out - Songs that encourage you to be decisive and a confident to take action.
You can find both of these playlists free and open to everyone on Spotify . We'll be updating them as we go. In addition, please feel free to share your favorite songs for trading in the comments below.
Now let's dive into the calculations behind each playlist. You may find this part especially interesting if you're passionate about music or looking to learn more. You may also realize that markets and music have a lot in common.
🎯 Zero In — Time To Focus and Concentrate
Focusing = “BPM (50 – 65) +TM +LVL (+ or -) -LN +M”
BPM: find songs with a tempo of 50-65 beats per minute
TM: select a mellow tone that soothes and relaxes
LVL: longer songs make for better concentration
LN: choose a track with few or no lyrics
M: a slow, less melodic mood will help the brain focus on the task at hand, and not the music
💥 All Out — Building Confidence To Make That Final Leap
Action = “BPM (65 – 85) +TU +LVS (+ or -) -LS +M”
BPM: find songs with a tempo of 65-85 beats per minute
TU: select an upbeat tone that positively enhances cognitive function
LVS: shorter songs with a faster tempo will keep you motivated when performing a task
LS: During Activation of a task, having lyrics in your playlist, is less important, so choose songs with some lyrics that motivate
M: an upbeat, lyrical mood will give you a boost of dopamine, helping you feel brave and confident
Thanks for reading and we look forward to hearing your feedback. Go ahead and give these playlists a try. Let us know how they help you prepare and take action. Please also share your favorite songs for trading in the comments.
The Most Complete Bitcoin Trading HistoryType INDEX:BTCUSD into the search box and instantly access a complete trading history for Bitcoin. Our new BTCUSD Index goes back to 2010, which means you can chart the earliest days of Bitcoin back when few understood it or even knew about it.
Do you remember when Bitcoin was trading for under 10 cents? Or its first big breakout in October 2010? The early days were a foundational time for crypto and ultimately, good or bad, helped grow the ecosystem into what it is today.
Getting started with INDEX:BTCUSD is easy:
Step 1: Type INDEX:BTCUSD into the search box.
Step 2: Select the INDEX:BTCUSD and have fun charting. 🙌
In financial markets, price is our roadmap. It's how traders and investors study, analyze, and examine the financial landscape looking for new ideas. To make the best decisions, you need the most complete data. For Bitcoin specifically, it can be hard to find a chart that goes back to its beginning. But that's exactly why we created INDEX:BTCUSD. We wanted to give all members the data they need.
Please leave any questions or comments below. Thanks for reading! 📈
5 Tools For Dips, Crashes, and VolatilityVolatility is challenging. But it can also be exciting if you're ready for it. In this idea we're going to show you five tools to make better decisions for when markets are volatile, choppy or bearish.
1. Invert Chart Your Chart 📉
Invert your chart to see how it looks turned upside down. Open a chart and type ALT + I on your keyboard. On a Mac, type ⌥ + I. This keyboard shortcut flips your chart upside down. Now ask yourself: would you buy or sell? Selling an inverted chart = bullish. Buying an inverted chart = bearish. Challenge your bias.
2. Regression Trend, Pitchforks, and Fib Retracements 📐
Certain drawing tools work better than others in volatile markets. That's because they are designed to measure dips, bounces, and statistical anomalies. For example, the Regression Trend tool shows upper and lower bands representing a number of standard deviations away from a trend line. Pitchfork drawing tools help you see trends or channels while having standard deviations plotted at the same time. You have access to four different Pitchfork drawing tools. Finally, there's Fibonacci Retracements . Harness the golden ratio to plan for bounces and possible levels of support.
3. Pine Script Public Library 👨💻
Seek help from others, especially the coders. Head over to the Pine Script Public Library and start exploring the scripts coded by other traders and investors. There are custom tools, strategies, and indicators for all market conditions. Remember, Pine Script is also how you can automate your strategy and create your own indicator. Remove emotion from your decision-making. Write your trading or investing rules in code.
4. The Long and Short Position Tool 🗺
Plan your trades before you make your trades. The Long and Short Position Tools are how you map out your trade ideas directly on the chart. Set an entry, an exit, and a take profit target. See your trade on the chart and visualize it. Planning your trades with these tools will save you a headache or two. Learn how to use the Long and Short Position tools here.
5. Education on TradingView 🎓
The Education section on TradingView is free and open to all. Here you will find thousands of publicly available guides to trading and investing. Each guide was made by a TradingViewer just like you. Learn about their strategy, how they approach markets, and what their processes are. You can also follow the authors, ask questions in the comments, and reach out for additional help.
Thanks for reading this guide! We hope you enjoyed it and please leave any questions or comments below. Also, please share your favorite tools for managing trades in a choppy market.
Meet Our New Drawing Tool: Price NoteWe created Price Note to make it even easier to attach notes at specific prices. We know how important it is to keep detailed notes on your favorite charts and our new drawing tool will help.
How to create your first price note 📝
1. Select the tool from the Annotation Tools panel. This is the same place where you find the Text tool.
2. Place two anchor points. The first point sets the price, and the second one is the coordinates of the price label.
3. Add text to appear along the Price Note by opening the settings dialog by double-clicking on the note. You can also change the line and text colors from the settings dialog.
Use keyboard shortcuts when working with Price Note!
1. Press Ctrl (Windows) or command ⌘ (Mac) while placing a point so that the point is drawn to the nearest symbol value. This keyboard shortcut turns on your Magnet.
2. Press the Shift key while placing a point to set the slope of the line in multiples of 45 degrees. Pro tip: this is especially helpful for placing Price Notes at perfect angles. Perfect angles = beautiful chart. 🎨
We hope you enjoy this new drawing tool. By the way, the chart above shows Bitcoin Dominance, S&P 500, and Tesla. We've placed price notes as examples for each symbol. Feel free share to share any charts you make with a Price Note below in the comments.
Please also share any questions or feedback below. Thanks for reading.
5 Tips For Faster ChartingHere are 5 tips that will speed up your charting. Each tip in this idea involves a simple keyboard shortcut: hold the command key on a Mac or Ctrl key on your PC. Mastering this keyboard shortcut will improve the way you select multiple drawings, apply bulk edits, and ultimately speed up your research process.
1. Select multiple drawings in an area by holding down the command key on a Mac or Ctrl key on a PC and then dragging the mouse over the area you want to select. This is one of the fastest ways to select multiple drawings at once. Hold command/Ctrl and then drag your mouse over a specific area.
2. You can also select multiple drawings one at a time. To get started, press and hold the command key (Mac) or Ctrl key (PC) and then click each drawing one by one. This is a helpful for selecting specific drawings that are spread out around the chart or hard to find.
3. Once you've learned to select multiple drawings on your chart, did you know you can apply bulk changes to them? For example, you can select multiple drawings on your chart and then change the color for each one with one click. Hold command/Ctrl, select each drawing, and then change the color in the floating toolbar that appears.
4. You can change more than just the color... You can also apply bulk changes to the line thickness, border, visual order, and font color. Select each drawing using command/Ctrl and use the floating toolbar to apply any necessary changes.
5. The command and Ctrl keys can also be used to clone a drawing. Hold command on a Mac or Ctrl on a PC and then drag the selected drawing. It will instantly clone. 🕺🕺
We hope you enjoyed these five quick tips. The key is to master the power of the command and Ctrl keys. With this keyboard shortcut you can select multiple drawings, apply bulk changes, and instantly clone drawings.
Please let us know if you have any questions or comments about these tips! Our team reads the comments and will help you the best they can. You can also write feedback and suggestions.
P.S. We use the #TradingViewTips hashtag to share other helpful tips about using the platform. 🙌
Who Are Your Favorite Follows?Share the names of your favorite follows in the comments below. Together, we can build a list of the most interesting traders, investors, and market thinkers. We'll also give out TradingView Coins to those who uncover new and interesting names on TradingView. Just tag their @ username and we'll tip you Coins if we agree. 🎉
To get started, head to the comments below and write the usernames of your favorite follows. Please refrain from linking to any outside sources. All you have to do is write their username or name.
You can share your favorite follows for any and all asset classes. Equities, crypto, forex, futures, and more are all welcome. In-fact, the more diverse we make this list the better. Let's uncover new and interesting follows across the financial market landscape.
Here are some characteristics to consider BEFORE following someone:
• Experience 💪
• Trustworthiness 🤝
• Clarity of ideas 📚
• Authenticity 🧙♂️
• Titles, spelling, and grammar ✍️
• Actionable analysis 💰
• Thoughtful research 📈
• Beautiful charts 🎨
• Completed profile 👨🚀
• Track record 💸
• Realistic claims and humility 🧘♂️
• Transparency
P.S.
Please refrain from sharing any spam. Please also remember to be nice! Our moderation team will immediately remove spam to ensure we are working together to build a stronger social network.
Let's see how this goes! Get started in the comments below 👇👇👇
Two New Tools to Improve Your ProcessProcess is important. It's how you stay disciplined. It's also how you focus on the ideas and strategies that you are best at. In this post, we'll show you two tools that may help your investing or trading process.
Our New Alerts
Create an alert and then sit back and wait. Get a notification delivered to your phone, email, and browser. Right-click on your chart to add an Alert or click the Alert icon ⏰ if you're on our free mobile app. Make the markets work for you by creating alerts at important price levels.
Our team is excited to show you our new alert feature that supports dynamic messages. This is a game changer for those who understand Pine Script and the importance of alerts. You can now code alerts to display messages that dynamically adjust based on price action or other factors. Our new script alerts use an `alert()` function, which works in both strategies and studies. To get started with this, open the Pine Editor at the bottom of your chart while on a desktop computer. To learn more about this, read our launch blog post here.
New Watchlist Features
We know how important your Watchlist is. That's why we recently launched Sections and made it easy to add symbols to your list. To get started, open TradingView on your desktop computer and then right-click on your Watchlist. Then select either of these two options: Add Sections or Add Symbol. Sections will create a divider on your Watchlist with a custom name. This tool will help you better organize your Watchlist. If you click Add Symbol you will be directed to add a symbol of your choice to that exact point on your list. By the way, if you're reading this from our mobile app, you can press and hold on any symbol to remove, flag or open a chart. Pro tip: your watchlist syncs perfectly between your mobile phone and computer. Take your watchlist anywhere.
We hope you enjoyed this post! If you have any questions or comments, please write them below. Our team wants to help and we listen to your feedback.
Meet Our New Bitcoin TimelineIf you’ve not seen our Timelines feature yet , here’s a quick recap: a lot of the time, when you look at a symbol’s history, you have no idea why the price moves in the way it does or the stories behind it. With our Timelines you get all the contextual information you need on the key market-moving moments, mapped directly onto the symbol’s chart.
From early stunts of trading Bitcoin for pizza, to highs of $40,000 a coin (so far), the cryptocurrency’s journey at times plays out like a Hollywood movie. So we’ve taken its story, and uploaded the movie in 8k resolution for repeat viewing on our Bitcoin ticker page.
We're release new Timelines by the month and have plans to enable the community to support them as well. For now, please send us a private message to get involved. You can also create your own Timeline by using the Signpost and Text tools to write key events on your chart (like we did above) and then then publish it to your personal profile. If it's good, we'll share it with our team! It may possibly make it to Editors' Picks on the front page. 😍
Here are some other Timelines:
Tesla
Shopify
Beyond Meat
Zoom
Lyft
And stay tuned, much more will be coming soon.
Have we missed something important on these Timelines? We build them for you, so all feedback is super helpful.
Happy history surfing,
Team TradingView
Three Ways To Make Better Decisions in MarketsBefore we dive in, it’s important to share a few more words about who we are. We empower traders and investors with professional-grade tools, charts, news, and global data that was once only available to select groups. Our tools are available to everyone on desktop or mobile. Our goal is to empower traders and investors to grow over the long run. 💪
The key driver behind this post is that you don’t want to rush anything before understanding what's at risk, your goals and long-term plan. We realize that in spite of our efforts and intentions, sometimes people get swayed by irresponsible posts across social media, inevitably leading to unmet expectations. We want to help people avoid this. So let's talk about three ways to make better decisions in markets. Remember, this post is strictly for education in a very fascinating time in market history! Keep reading... 👇
1) Do not blindly follow someone else’s opinion without doing your own research. Use the tools available to you to learn, study, and analyze markets.
Our social network is big and growing. We encourage everyone to publish their first idea, try chats, and follow others. It's never been a better time to meet fellow traders, learn with them, and grow. But as social media converges with markets, there are several important risks to discuss. Avoid picking up bad habits, being swayed by popular opinion, and succumbing to peer pressure. Avoid doing something you have not given critical thought to, objectively analyzed or evaluated yourself. These risks can include trading before you are ready, overtrading due to the abundance of ideas, putting up bigger positions than your account can handle, and changing your mind mid-trade. Keep calm and think first. Take advantage of the tools available to you whether that's backtesting, paper trading, or looking for other opinions that challenge your thesis.
2) Do not expect easy profits just because everyone is talking about it. Instead look for peer review, meaningful connections, and ways to test your own ideas.
No matter how many likes an idea receives, no matter how confident its author may appear or how many chat messages are being shared, there is no guarantee markets will play out as planned. It makes more sense to first review, study, and research an idea yourself to see if it fits your long-term plan. The bottom line is this: someone else’s view should never be relied upon as a substitute for you doing your own analysis before making actual trading decisions. Our social network is best used for peer-review, new connections, and critical feedback to help develop your strategies and understanding of markets. We have a education section dedicated to this. We also have a community of Pine Coders coding the markets. The community here is meant to help you with feedback, ideas, and new concepts.
3) Do not ask for blind real-time signals in chats or comments aiming for easy gains. Instead focus on building your long-term strategy and maintaining a realistic approach.
As social media and financial markets converge, more and more people are expecting easy answers on when to buy or sell. In our public chats (you can find them on the right-hand side of the platform) we encourage people to keep this mind and dig deeper. You won’t learn anything from asking buy or sell questions. You have to study, research, and examine price action beforehand. Our social networking tools offer great opportunities to talk in real-time and exchange opinions, views, and research. Using them the right way will help you grow as a trader and learn from others over the long haul. But making hurried trading decisions based on flimsy trade calls is rarely a good idea. Just don’t do it!
There’s no better way to learn than by immersing yourself in an environment that exposes you to many different ideas, conversations, and strategies. We hope that our platform boosts your knowledge of markets while allowing you to perfect your craft. Insights from others can also help you make better decisions, but only if used in a thoughtful manner that focuses on patience, process, and education. In addition, always remember that you have the tools right in front of you to perform your best research.
Thank you for reading! We look forward to hearing your thoughts below. 🙏
How To Follow Earnings and News From Your ChartIn this video we show you the basics of following earnings and news from your chart. This is especially helpful for equity investors and traders, but it also applies to those interested in crypto, forex, and futures because you will learn how to follow breaking news directly from your chart. All TradingView members have access to high quality news by clicking the News icon 📰 on the right-side toolbar.
Here are the three key features we cover in this video:
1. Read breaking news about any ticker symbol by clicking the News icon 📰 on the right-side toolbar. This news is real-time and will update instantly when big events happen. Additionally, the news will automatically update and reflect the ticker on your chart. When big price movements happen, open your newsfeed to see what's happening.
2. You can chose to show the Earnings icon on your chart. This Earnings icon will reveal when a company reports earnings and some basic facts about that earnings report including date and EPS estimates. To show or hide your Earnings icon right-click on the chart, click Events, and then select "Show Earnings on Chart."
3. The Earnings Calendar 📆 is a way for you to see who is report earnings, when, and what their EPS Estimates are. Never miss another earnings report. Open your Earnings Calendar daily and quickly scan for upcoming reports so you don't get caught off guard. In the Calendar you can also see upcoming Economic Events. Pro tip: we also have a dedicated Earnings Page that gives you even more details into upcoming earnings.
We hope this video helps you get started with earnings, news, and other events! Please leave any questions or comments below. Our team appreciates your feedback, support, and questions.
The Broker Awards - Bringing More Transparency to MarketsOur first-ever Broker Awards are here. Together, we can bring more transparency to financial markets. Connect a broker of your choice to your TradingView account, research markets, and manage orders seamlessly based on your research. Then rate, review, and follow your favorite broker. Your reviews will help others find a perfect broker for their needs whether it's equities, forex, futures or crypto. Visit our Top Brokers page to see all of the brokers available.
We launched our Broker Awards to congratulate the best brokers based on your reviews. Real traders who write and rate brokers with verified reviews. We're creating a marketplace that brings more transparency to financial markets. By building this marketplace we can reduce bad experiences, give people a chance to share their opinions, and connect customers with the perfect broker for them. Remember - these awards are based on a combination of your reviews, ratings, comments, and overall usage.
Now let's get to the awards! 🎉
Drum roll please... 🥁🥁🥁🥁
Broker of the Year : TradeStation
Connect your TradingView account to TradeStation and access their ultimate trading services across equities, equity/index options, futures, and cryptocurrencies markets. Follow them here.
Most Popular Broker : OANDA
Founded in 1996, OANDA is a leading online trading broker, regulated in all key global markets. Specializing in Forex and CFD trading, OANDA offers tight pricing on a full portfolio of products. Follow them here.
Social Champion : FXCM
FXCM's purpose remains unchanged over its 20-year history. FXCM is a leading provider of online foreign exchange trading. Follow their social posts here.
Most Innovative Tech : TradeStation
For those who connect their TradingView account to TradeStation, you've noticed the upgrades and made that clear in your reviews.
Best Multi-Asset Broker : TradeStation
Crypto, equities, options, and futures are all available to you with a single connected account.
Best Futures Broker : Tradovate
Tradovate is a modern, cloud-based futures broker offering unlimited, commission-free trading for a flat price. No per-trade commissions, platform licensing fees or order routing fees. Follow them here.
Best Forex Broker : OANDA
With nearly 6,000 verified reviews, your votes made it clear about who you wanted to nominate as the best forex broker. Read every review here.
Best Crypto Broker : Gemini
Gemini offers an industry-leading suite of crypto-native products and advanced tools for individuals and institutions. Buy, sell, and store cryptocurrency with world-class security. Follow them here.
Congratulations to the winners! Special thank you to all of the brokers who work with us and the community of traders who rate and review their broker. We believe this level of transparency will help more people find the perfect broker for their needs. Let's keep it going and please remember to rate and review your broker. Your reviews make a difference. ⭐️⭐️⭐️⭐️⭐️
If you would like to request a broker to add to TradingView, please write the name in the comments below and also send them a message. Your support will help us get in contact with them and let them know this is an important connection. Once again, thank you to our broker partners and the community for writing their reviews.
Five Tips for New Traders and InvestorsWhether you are new or have been trading for 20+ years, this post is a reminder about having realistic expectations when it comes to markets. Patience, the desire to learn, and a positive outlook toward the future, especially over the long run, will help you on your journey. Here are some tips to get you started!
1. Code the markets
Financial markets attract smart people who run strategies, indicators, and analytics to make better decisions. The Pine Script community is a perfect example of this - head over to the Pine Script Editors' Picks page to see for yourself. With Pine Script, you can code and create your own indicator or strategy. More importantly, you can learn the intricacies of price action and the underlying mechanics of specific indicators.
2. Paper Trade to test your ideas
All members have access to our free Paper Trading tools. This means you can trade, invest, and study your ideas in a simulated environment. Do you think you can outperform the market? Open a chart on your desktop, click Trading Panel at the bottom, and connect your account. Place trades and study your performance over the next several days, weeks or months. Let's see how good you really are before risking any real money. 😁
3. Follow others, use chats, and be open minded
Traders and investors from around the globe share ideas here. They also participate in chats and the comment sections. This is not only an opportunity to learn and meet others, but it is also a reminder of who else is participating in markets. You can get instant feedback by asking questions, following their profile or contributing to various chats. It's never been easier to network and work with others to learn about the markets. It's also a reminder that markets are competitive. So get started by exploring the community, meeting others, and learning new concepts.
4. Backtest, backtest, backtest
The Strategy Tester makes it easy to backtest your trades over a period of time. You can test different strategies in the Public Library by opening the indicators menu and selecting a strategy. Strategies are shown with a down red arrow and an up green arrow at the end of its title. It will look something like this: "Momentum Strategy 🔻▲." Add a strategy to your chart and use the Strategy Tester to follow its performance. For those looking for a simpler way to backtest, the Bar Replay tool can take you back in time to test your ideas on a specific ticker. Press the Rewind ⏪ button on the top of your chart.
5. Make a plan
Many new traders and investors forget to make a plan. Instead, they start trading without testing their ideas or learning from others. Use the tools available to you and make a long-term plan! Draw your plan directly on the chart, use the Text Notes tool located at the bottom of the chart as a personal blog or diary, create indicator layouts, save specific chart layouts to never lose your plan, and create alerts for quick reminders. All of these tools can enhance your process and long-term plan. Visit our Help Center to learn more and everything available to you including any questions you may have about your account.
We hope you enjoyed this post and please leave any questions or comments below! Our team is always reading for your feedback. Stay tuned, we have more posts like this coming.
Meet the new Highlighter and Signpost drawing toolsWe recently added two new tools that are available to everyone. The Highlighter is an easy way to highlight price levels, notes, and events on your chart. The new Signpost is a fast way to place notes that connect to specific price levels or events. In the chart above, you can see both of these tools in action. Below, we will give you a little more detail about how to use these tools and where to find them.
Highlighter
We've all used a highlighter before to add emphasis to important words or text. Our new Highlighter tool works in the same way. You can highlight price levels, text or other objects on the chart by simply selecting the tool and then highlighting an area on the chart. To get started with the Highlighter tool, find and open the Geometric Shapes menu on the left side menu. This is the same menu where you can find the Brush, Path, and Rectangle tools. Use the Highlighter tool to add additional emphasis to your research and charting.
Signpost
You can find the the Signpost tool on the left side menu under Annotation Tools. This is the same place where Text and Arrows are found. Once you've selected the Signpost tool just click a point on the chart to place it. You can then drag the Signpost up or down and change its distance from the selected point. The Signpost is an effective way to write notes or reminders at specific price levels. You could even make your own Timeline. 😉
We hope you enjoyed this post about our two new tools Highlighter and Signpost. Please leave a comment below if you have any questions or feedback for us. Our team is always listening! Feel free to share some examples of how you use the Highlighter or Signpost tools in the comments below. You can share a link to your charts.
