TradingView – a complete 2019 Beginner’s Guide – your best platform for Charting and Technical Analysis

As a trader, getting the most out of your trading software and platform is essential.

However there are tons of available websites, screeners, software, and choosing the best option can be really time consuming.

In this TradingView Beginner’s Guide, I’m going to explain to you why I think TradingView is the ultimate trading companion, the platform that will literally enhance your trading and help you get better results.

What is TradingView?

Let’s start with a quick overview.

TradingView is an online trading and charting platform that also acts as a social network. It is in fact an advanced financial visualization platform.

Launched in 2011, the company is based in Westerville Ohio, USA.

Purely web-based, it is one of the most versatile and powerful platforms out there. If you want to take your trading to another level, you need a tool that gives you professional charting capabilities.

It can be used to trade, chart and analyze stocks, forex, indexes, cryptos, … mostly any kind of tradeable asset.

I have been using it for a number of years, it is the platform I constantly use to check my holding and trading alerts, on any device (my iPhone, tablet or laptop).

TradingView has really elevated the standard in terms of trading and charting platforms. It is highly customizable and the charting experience is smooth and very responsive. The charts work on any operating system (iOS, Android, Windows and Linux), and on any device (iPads, phones).

Why should you use TradingView?

A hugely successful platform

TradingView’s success has been staggering, with now more than 3.8m registered investors.

According to Similarweb.com, TradingView is the world’s 7th most visited website in the Finance domain, getting 57M visits a month.

According to Alexa, it is even in the world’s top 500 websites, and that’s higher than CNBC, Wall Street Journal, MarketWatch, Reuters, The Economist, Motley Fool, Investopedia, TechCrunch and a score of other websites.

TradingView has versions of its website in 18 languages, among which Russian, Chinese, Spanish, Portuguese, Turkish,…

The whole idea behind TradingView is that on top of being a charting platform it doubles as a trading social network. It is in fact THE largest and most active social network for traders and investors.

Not only can you share your trading ideas with others, but you can also learn from the best traders and improve your game.

You will be able to chat with other traders, see their trade setups, exchange views, join discussions and follow the best among them.

The community is huge and keeps growing, you can talk to millions of traders, users are ranked and so you can jump straight to the most followed traders and start learning from them, seeing their trades unfold.

Needless to say that feature alone can be a game changer for your trading.

Create, Share, Learn, Collaborate

The most versatile platform

If you compare TradingView with other competing platforms such as Tradestation, TD Ameritrade or Robinhood, no other platform gives you that level of integration. It provides you with cutting edge tech, available on any device, any OS and anywhere.

Actually, a lot of traders use it as a complement to their broker’s trading platform (this is what I do). It is just so easy to access, on all my devices, in a matter in seconds.

TradingView has hundreds of features, for following your trades, getting trade ideas, setting up alerts, all in a few clicks. I have truly never come across such a powerful tool.

TradingView has a free option, but if you start using it regularly you will want to move to a Pro account, as it unlocks the full power of the tool. They have an interesting free trial if you want to give it a go.

A great technology: HTML5, flexible and multi-platform

The technology behind TradingView is really what makes it so user-friendly, fast and responsive. It’s called HTML5.

It enables you to chart and use graphs with the flexibility of a desktop app, all in a web browser, making it ultra fast to launch and highly responsive to use.

TradingView also offers developers an API enabling them to embed graphs on their websites in a powerful and easy to integrate way.

How to open an account in TradingView?

If you want to open a free account in TradingView, just follow this link and click the “join for free” box on the top right hand of the screen.

Join for free

Then all you need to do is enter your signup details, and you’re ready to go in a matter of seconds !

The free account in TradingView gives you the following features:

Access to charts and all indicators, 1 chart per layout, 1 server side alert, 3 indicators per chart, 1 indicator template, 1 watchlist, Screener timeframes: Daily, Weekly, Monthly

The free account comes with some occasional ads, which is acceptable if you’re not a heavy user. But don’t forget that your free trial has a one month validity.

And you might be perfectly happy with the above functionalities. However soon enough you will probably want to do away with the ads and unlock the Pro features. This is what I did, I now have a Pro account with all the extra features.

Windows and toolbars: main functionalities

If you’re starting out in TradingView, you might be confused by the main window and the overall layout. Too many menus, icons, options,…

So let me help you out, and walk you through the main areas and columns, identified below in five separate zones (A to E):

Main Layout

I will now briefly explain these icons and functions.

Left Toolbar (Zone A) : drawing tools

In this area you will find some important tools, such as the settings for cursors, rulers, text zones, arrows, Fibonacci or Gann extensions or retracements, basically everything you want to add on top of a chart once the graph and indicators are set.

The toolbar has 16 buttons or functions :

Left Toolbar
Left Toolbar

1. Profile

The first button on the top will link to your profile and profile settings, the ideas you published, the people you follow. You can also leave the chart screen and access a list of ideas published by traders.

2. Cursors

Then come the choice of cursors you want to use. Choose between crosshair, dot, arrow,…

3. Trend line tools

The third button is one I use a lot, you can use it to draw trend lines or horizontal lines such as support and resistances. Alternatively, you can draw arrows, and a host of other lines and extensions.

4. Gann and Fibonacci tools

With these tools, draw pitchforks, Gann boxes, Gann squares, Fibonacci retracements or extensions and many other options.

5. Geometric shapes

With this button, you can insert different shapes (rectangles, ellipse, triangle) but also some more complex shapes.

6. Annotation tools

Adding text on your chart is useful, you might want to add notes or comments around your trades or positions.

Callouts and price labels are also available. If you want the text to remain static when you scroll on the chart then select the “anchored” options.

7. Patterns

Patterns are usually linked to some specific trading strategies, such as Elliott Waves, ABCD, Triangles or Head and Shoulders. The full power of TradingView is evident here with these elaborate drawing tools.

8. Prediction and Measurement

These tools are among the most useful in TradingView. Monitoring Long or Short positions is fantastic, especially if you want to share them with other traders, with direct visual identification of stop losses, take profits or R:R ratios (risk : reward).

Here is what a Long Position looks like :

Long Position
Long Position

In this menu, you can also follow date or price ranges, or even map out projections.

For social trading these are some of the most useful tools as they provide fantastic visual aids to explain strategies and see how they perform. I haven’t seen them on any other platform.

9. Icons

Hundreds of icons or pictograms can be inserted on your charts, check out this huge catalog.

Icons
Icons

10. Measure

Next comes the measuring ruler, it will help you measure price ranges in terms of percentage, bars or absolute value.

11. Zoom In

Zoom In or Out from a specific point on the chart.

12. Magnet

Clicking on this icon will put you in Magnet Mode. It will help you snap the anchors of some chart elements to the highs, lows, open or close of the nearest candles.

13. Stay in drawing mode

This button keeps you in drawing mode.

14. Lock all drawing tools

Afraid of losing or moving some of your drawings or tools, clicking here will lock their position on the chart.

15. Hide/Show drawing tools

One click and you can hide your drawings and text on the chart.

16. Remove tools or indicators

This is quite straightforward.

At the bottom of the left column there is one last button called the Object Tree. You can also access it with a right click on the chart. This pops up a very convenient table of everything on your chart (indicators, drawings, …) allowing you to toggle their visibility, settings or remove them individually.

The Manage drawings tab is a list of all your drawings on all assets, you can control them from one single place without having to revert to every single chart.

Main window (Zone B) : the chart area

This is where your graphs will appear, along with the indicators you decide to add.

You can customize the entire chart layout, the colors, etc… To give you an idea, here is the layout I use.

Chart types
Chart types

To customize the appearance of your chart, hit right-click and then select Properties. The below menu will appear.

Right click

In this menu, you can reset your chart, add a price alert, enter a trade (if you are connected to your broker).

You can also decide to have the Price Line appear on the graph at the current level. Other options will allow you to see all the objects on the chart (object tree), change the color theme (if you want a dark theme for example) or access more detailed settings.

Spend some time customizing your graphs, it’s really worth creating your own visualizations.

Right toolbar (Zone C) : watchlists and social trading

In this area, you can search and select all the currency pairs, stocks, indexes or cryptos that you want to follow. This is also where you will setup your watchlists, as well as some really useful tools such as push alerts, economic calendars and all the social tools available in TradingView.

Let’s take a look at the buttons in the toolbar:

Right toolbar
Right Toolbar

1. Watchlist, details and news

Watchlists are managed in the right column. This is probably one of the most useful features, allowing you to create different lists for different situations. For example you could have one watchlist with open trades and one with potential setups.

Note however that you can only have one watchlist with a free account but an unlimited number as soon as you go Pro.

To add a symbol to a watchlist, type its name in the Add Symbol box and don’t forget to select the nature of that symbol on the top of the search results box, otherwise TradingView could be unable to find it.

Symbol types

2. Alerts

This button will open a window with all your past and present alerts.

3. Data window

Provides you with precise data concerning the symbol on your chart. OHLC values, percentage change, volume and volume MA.

4. Hotlist

Hotlists contain the main movers on the markets : volume gainers, highest percentage change, … That’s a useful place to spot  « values in play » as I call them.

5. Calendar

A chronological account of all the economic news and announcements with actual data versus forecasted and prior releases. Significant deviations are some of the most powerful sources of volatility on the Forex market for example.

6. My ideas

A list of the ideas you’ve published.

7. Public chats

List of all ideas being posted on a given market or topic. Just select the talk you want to follow at the bottom of the screen (for example « Gold discussion ») and the ideas in that discussion will show up on on the top of the window.

8. Private chats

Follow your private messages here.

9. Ideas stream

This stream will show all ideas being published, you have the option to show only the ideas published by people you follow.

10. Notifications

You will be notified when you have new followers, when you are mentioned in an idea or chat, or when someone comments or likes one of your ideas. All these notifications will be shown here.

11. Order panel

If you are connected to your broker via TradingView, this is where you will find your order entry parameters.

12. Depth of Market (DOM)

If your broker is CQG and you’re connected to TradingView, DOM enables you to see the order levels for Buy and Sell at specific price levels. Some traders are capable of scalping the market using what is otherwise called “the order book”.

Top Toolbar (Zone D) : timeframes, chart type and layouts

The top toolbar is where you select the timeframe for your charts, add indicators, set alerts and save layout templates. You can also select what type of chart you want.

Let’s take a look a the main buttons :

1. Symbol

This box will contain the symbol of the asset you are looking at. For example, AAPL if you’re looking at Apple Stock. To search for a specific symbol, simply type it in the box and don’t forget to select the symbol type (stock, forex, index, crypto, …).

2. Timeframes

Selecting the timeframe for your chart is easy, TradingView will give you a large list of options, from 1 minute to 1 month.

3. Chart Type

There are many options to choose from when it comes to chart types. When you click on the icon with the candlesticks, the below menu will give you all the available options.

Chart types
Chart types

You can now decide to go for bar charts, line charts, candlesticks, Renko, Heikin Ashi, Point & Figure, Kagi, Range charts,…. , that’s the power of TradingView!

4. Compare

This button allows you to add a second asset on the chart, to enable comparisons. For example, you can add the SPY index if you’re looking at US Stocks, it will allow you to compare your stock’s evolution to the broader index.

5. Indicators

This is obviously one of the most important buttons. There are so many indicators you can choose from in TradingView. To insert an indicator, click on the below logo.

You will then have a choice of 6 categories of indicators.

Favorites: by ticking the little star next to any indicator, it will appear in your favorites

Built-ins: all the 100+ indicators that come as standard in TradingView

Public Library: indicators created by users and made available in the public library, sorted by number of likes which gives an indication of the more popular ones.

My Scripts: indicators you will have created using the Pine Editor

Volume Profile: you need a Pro account to access this indicator that gives you the most traded prices for a particular time period. It is quite a fantastic tool, and this is how your chart will look like.

Volume Profile
Volume Profile

Marketplace Add-ons: professional indicators sold for a fee.

6. Templates

Predefined indicator templates, for a specific trading strategy or methodology.

7. Alert

Alerts are very useful to warn you that specific price levels have been reached (or crossed).

Creating an alert in TradingView (H3)

To create an Alert, click on the icon, the below box opens up:

Create alert
Create an alert

You first have to decide the condition for the alert to be triggered. For example, AAPL stock to cross the 141$ price level.

Then you decide on the validity of the alert (once or every time), and you can set when it expires.

Finally, you have to decide what the alert will trigger: a popup, a sound, an email or an SMS, you have multiple choices. To validate, click Create.

8. Replay

The Bar Replay function allows you to replay a particular sequence of price evolutions, with an adjustable speed parameter. This can help you test your trading strategies by watching the historical evolution of prices.

To use it, just click on the “Jump to” icon, and adjust the red bar on the chart as your start point. Then launch play and adjust the speed.

9. Undo Redo

As you know them.

10. Layout

This menu will allow you to select the number of charts you wish to have on your layout. Multiple chart layouts however are only available to Pro users.

Multiple layouts are useful when you need different timeframes side by side or if you want to track multiple markets.

At the bottom of the same window, you can also define what elements you would like to sync across all charts.

11. Save

The settings wheel will open a window containing all the main settings:

Style: candle colors, labels on display, you can also activate the sleek Dark Theme

Scales: multiple options are available for left and right scales

Background: color, grid lines, symbol and indicator descriptions and values

Timezone: set your timezone, you can also conveniently choose to show extended hours on intraday charts

Trading: set what elements you would like to see on your graph once you’re in a trade (open positions, orders, …), you can even decide to play a sound when your order is executed

Events & alerts: events such as dividend payments, earnings reports or general economic events can be displayed on your graph. This is really useful to correlate events with their potential impact on price

12. Chart properties

Go full screen, press esc to exit.

13. Fullscreen

This convenient feature will create a dedicated URL of your chart if you want to share it, alternatively you can decide to save an image on your hard drive, or even tweet the image.

14. Snapshot

Hitting the snapshot button will enable you to either create a link to your chart, download the file or tweet it.

15. Publish

Last but not least, the Publish function is at the core of TradingView’s social network functionality.

Publishing an idea on TradingView

Retail traders rarely have an opportunity to exchange views. They have Twitter, Stocktwits, message boards, but that is usually scattered. TradingView brings all that in one place.

Stan Bokov the co-founder of TradingView calls it “Bloomberg for regular folks”, a reference to the expensive real-time Bloomberg terminals used by Pros in trading rooms at banks or hedge funds.

To access the social network functionalities, you will need an identity and a public record. Everyone gets a profile page, with every idea you’ve ever published. For each trader, TradingView will deliver Reputation scores, rankings, social activity, followers or personal info.

Tu publish a chart and idea in the public gallery, just hit the Publish button.

Publish button

The following box will open

Publish idea
Publish Idea

Now all you need to do is write a title for your idea (for example « Going Long on EURUSD at 1.14 » and in the description box describe what you think and WHY you think that.

On the top right, select if your idea is an analysis or educative, select whether your bias is Long, Neutral or Short, and you also have the option to define a category and some tags to make your idea searchable.

Your idea can also be shared on Twitter and Stocktwits, just tick the corresponding boxes.

People will have the option to like or comment on your idea.

This is just a fantastic way to test your reasoning, break the isolation and confront your thinking to millions of other traders.

There is also a video publishing function if you use Chrome or Firefox.

Once you’ve published, other traders will be able to see, like or comment on your chart and idea.

They can also decide to Follow you to get systematic access to all the ideas you will publish.

There are Public Chats and Private Chats, and these can be accessed on the far right column.

The sharing aspects behind TradingView are what makes it so unique. You will not find a single other platform with such reach and breadth, giving you the ability to share your trades, understand what went right or wrong, and keep learning and improving.

TradingView is literally breaking the Trader’s isolation.

Bottom toolbar (Zone E) : screener, tester and broker area

The bottom toolbar is where you can run a screener, take some notes, code your own indicators with the Pine Editor, launch a Strategy Tester or connect to your broker.

The first tab is the screener, let’s take a more in depth look.

How to use the TradingView screener?

The screener is available for stocks, forex or cryptos. It will look like this :

TradingView screener

First, you need to decide which Dimension (1) you are going to use to screen your stocks (overview, performance, valuation,…). Then you have to select a timeframe (2), and the market you wish to analyze (3). Finally, you have the option to apply elaborate filters (4), allowing you to select multiple criteria, as shown below.

Screener filter

Once you have  list selected, you can download it by clicking on the arrow just left of the timeframe button.

Text Notes

I guess that’s pretty self explanatory. This function allows you to take notes, it can act as your trading notebook.

Pine Editor : programming your own indicator or strategy

The Pine Editor enables you to script your own indicators. There’s an entire Pine Script tutorial in TradingView’s wiki here.

Strategy Tester

In order to test a strategy that you have defined in “Indicators & Strategies” or programmed in “Pine Editor”, you should apply it to the chart.

Trading Panel

Depending on where you live, you might be able to connect your broker to your TradingView account.

The available brokers are the following :

Available brokers in TradingView
Brokers available in TradingView

Connecting your broker can have immense benefits, you will add TradingView’s huge capabilities to the existing services provided by your broker.

Unfortunately, there aren’t too many available brokers, but one of the options is “Paper Trading”, equivalent to a demo account in TradingView.

Types of accounts and Pricing

There are four types of accounts in TradingView: Free – Pro – Pro+ – Premium

The pricing ranges from $9.95 to $39.95 per month.

TradingView account types

Each level comes with varying functionalities. You can compare them here.

Personally, I use Pro, as it comes with no ads, 2 charts per layout, at least 5 indicators per chart, unlimited templates and watchlists.

This is perfect for my trading needs and the yearly cost is covered with a few well executed trades only.

TradingView’s Mobile app

The TradingView mobile app is available for iOS in the App Store (since April 2017) and for Android in the Google Store.

On iOS it is available in two versions, iPhone or iPad. Its review profile is excellent and you can use it in conjunction with a free account to get the basic functionalities.

TradingView iOS mobile app

CONCLUSION

TradingView is by far the best charting platform around. Millions of traders have adopted it. Its ease of use, fluidity and endless functionalities are matched by none.

If you add the social networking capabilities, you are left with a tool that can significantly help you progress in your trading journey.

I’ve now come to the end of this Beginner’s Guide, I hope you find it useful. The platform has much more to offer than what I’ve described here.

Stan Bokov, the co-founder of TradingView, says traders and investors face two major struggles:

First, avoiding the isolation, then getting legitimate guidance

TradingView has clearly been created with both these objectives in mind.

If there are things that you like, dislike or are curious about don’t hesitate to leave a message below.

Disclaimer: this review contains affiliate links to TradingView, if you click and subscribe to the service, I will earn a small commission from TradingView. This helps me cover the costs of this website. Finally, I never review or recommend products that I have neither tested nor thoroughly appreciate.  

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