Trading View
How to analyse the charts and start understanding market movements.
TradingView is a popular online charting and technical analysis platform that traders can use to analyze and make trading decisions. Here are some tips on how to use TradingView with best practices in mind:
Understand the platform: Take the time to learn how to use the various tools and indicators available on TradingView. This will help you to make the most of the platform and to create charts and analyses that are tailored to your specific needs.
Use multiple timeframes: Analyze the markets on different timeframes, as this can give you a better understanding of the bigger picture as well as the short-term trends.
Use indicators and overlays wisely: Indicators and overlays can be useful tools, but they should be used with caution. Try to avoid cluttering your charts with too many indicators, and use them in combination with other tools, such as price action, to make the most informed decisions.
Set alerts: Use the alert system of TradingView, to be notified when certain conditions occur. This can help you to stay on top of important market developments and take action quickly.
Backtesting: Use the historical data available on the platform to backtest your strategies, this will help you to get a better understanding of how different strategies and indicators perform over time.
Create templates: Create your own chart templates with your preferred indicators and settings, it will save you time and will make it easier for you to analyze charts.
Look for Confluences: Confluences are the point where multiple indicators or analysis come together, look for them on the chart and use them to make more informed decisions.
TradingView also allows you to create watchlists for certain assets you are wanting to trade, this helps keep your trading mindset clean and organised.
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