TrendSpider vs. TradingView | Which is Best For You? (2024)

tradingviewvstrendspider

If you are looking for a powerful and reliable platform to analyze and trade the financial markets, you might have come across TradingView and TrendSpider.

In this article, we will compare TradingView and TrendSpider based on their main features, benefits, drawbacks, and pricing. By the end of this article, you will have a clear idea of which platform suits your needs and preferences better.

tradingviewvstrendspider

Overview of TradingView

TradingView is one of the most widely used platforms for charting, screening, and trading the financial markets. It supports a wide range of markets and data sources, including international stocks, bonds, forex, crypto, and futures.

You can access TradingView from any web browser or mobile device, as well as integrate it with popular brokers such as Oanda, Interactive Brokers, TradeStation, and more.

Some of the main features and benefits of TradingView are:

  • A powerful and user-friendly screener that allows you to filter by technical and fundamental criteria, such as price, volume, indicators, earnings, dividends, ratings, and more.
  • A large library of indicators and drawing tools, as well as the ability to create custom indicators using Pine Script, a proprietary coding language that is easy to learn and use.
  • A direct broker integration that enables you to trade from the platform without switching to another application or website. You can also use paper trading to practice your strategies without risking real money.
  • A social network that enables you to share your ideas, learn from experts, and access live streams and trade signals. You can also join chat rooms, follow other traders, comment on charts, and participate in contests.

If you want to try TradingView risk-free, you can sign up for a TradingView free trial to test out all of the premium features at no cost! When you use my affiliate link to register, you will also get a discount on your subscription.

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Overview of TrendSpider

TrendSpider is a great alternative to TradingView for those who want a more advanced platform with automated technical analysis tools and more charts per layout.

TrendSpider is a relatively new platform that aims to automate technical analysis and make it easier and faster for traders. It uses artificial intelligence and machine learning to draw trendlines, chart patterns, Fibonacci retracements, candlestick patterns, and more. It also allows you to create custom strategies and backtest them with historical data.

Some of the main features and benefits of TrendSpider are:

  • An advanced automated chart pattern recognition that draws trendlines, chart patterns, Fibonacci retracements, candlestick patterns, and more. You can also adjust the sensitivity and accuracy of the automation according to your preferences.
  • A no-code custom strategy builder and backtester that allows you to test different scenarios and optimize your trading performance. You can use predefined templates or create your own based on custom parameters.
  • A comprehensive technical screener that incorporates pattern recognition and multiple timeframes. You can scan for stocks that match your criteria across different timeframes simultaneously.
  • An alternative data integration that provides insights from social media sentiment, analyst estimates, dark pool volume, short volume, and more. You can use these data sources to complement your technical analysis and find hidden opportunities.
  • Proprietary raindrop charts

If you want to try TrendSpider out for free, you can sign up for a TrendSpider free trial, using my affiliate link!

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Factors to Consider Between TradingView & TrendSpider

Both TradingView and TrendSpider offer excellent features and benefits for traders of all levels and styles. However, there are some differences between them that you should consider before choosing one over the other. Here is a table comparing some key features of TradingView and TrendSpider:

Indicator Selection

Both TradingView and TrendSpider offer plenty of indicators for technical analysis. However, there are some differences in their indicator selection that might affect your trading style.

TradingView Indicator Selection

TradingView offers session volume profiles, which show the distribution of volume within a specific day. This is great for day traders who enjoy using volume or market profile.

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TradingView also has a large community of people creating custom indicators using Pine Script, which is a proprietary coding language that is easy to learn and use. You can find thousands of custom indicators on TradingView’s public library or create your own based on your needs and preferences.

TrendSpider Indicator Selection

TrendSpider only offers volume by price, which shows the distribution of volume across different price levels over several days. The volume by price can be anchored from anywhere on the chart, so technically, you can anchor it at the start of the day to simulate a session volume profile.

TrendSpider does not have a similar community custom indicator feature, but its team is a lot more responsive and knowledgeable about trading, reducing the need for the community aspect.

Backtesting

Backtesting is the process of testing your trading strategies with historical data to evaluate their performance and profitability. Both TradingView and TrendSpider allow you to create and backtest your own trading strategies with custom parameters.

TradingView Backtesting

TradingView allows you to manually backtest your strategies by applying them to the chart and seeing how they would have performed in the past.

You can also write your own trading strategies using Pine Script, which gives you more flexibility and control over your logic and rules.

You can then use TradingView’s strategy tester to analyze the results of your backtesting, such as net profit, drawdown, win rate, and more.

TrendSpider Backtesting

TrendSpider allows you to create your own trading strategies without coding using its no-code custom strategy builder. You can use predefined templates or create your own based on custom parameters, such as indicators, patterns, timeframes, and more.

You can then use TrendSpider’s automated backtester to test your strategies with historical data and see how they would have performed in the past. The backtester allows you to compare different strategies and optimize them based on various metrics, such as net profit, drawdown, win rate, and more.

Multiple Chart Abilities

TrendSpider allows you to view up to 16 charts per layout, which is more than TradingView’s non-professional plans, which only offer up to 8 charts per layout.

This can give you more flexibility and convenience when analyzing multiple markets or timeframes at once. However, if you need more than 8 charts per layout on TradingView, you can upgrade to a professional plan that offers up to 16 charts per layout.

Another difference is that TrendSpider allows you to sync your charts across different timeframes, which means that when you change the timeframe on one chart, it will automatically change on all the other charts in the same layout.

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Trendspider 16 Charts in a Layout

This can help you keep your analysis consistent and save time when switching between timeframes. TradingView does not have this feature, but you can use its split-screen mode to view different timeframes side by side.

You can read this article to learn more about using TradingView multiple charts.

Stock Screeners

Both TradingView and TrendSpider offer excellent stock screeners that allow you to filter stocks based on various criteria. However, there are some differences in their stock screeners that might affect your trading results.

TradingView Screeners

TradingView offers a technical and fundamental screener that allows you to filter stocks by technical and fundamental criteria, such as price, volume, indicators, earnings, dividends, ratings, and more.

You can also use TradingView’s social network integration to find stocks that are popular or trending among other traders. You can access live streams, trade signals, chat rooms, and more from TradingView’s social network.

TrendSpider Screeners

TrendSpider offers a technical screener that incorporates pattern recognition and alternative data integration. You can filter stocks by technical criteria, such as indicators, patterns, timeframes, and more.

You can also use TrendSpider’s pattern recognition feature to find stocks that match specific chart patterns or candlestick patterns across multiple timeframes. Additionally, you can use TrendSpider’s alternative data integration to find stocks that have unusual options volume, high social media sentiment, positive analyst estimates, high dark pool volume, high short volume, and more.

Mobile App

Both TradingView and TrendSpider have solid mobile apps that make charting on the go relatively easy. However, the web platforms are, of course, much better in terms of functionality and features.

TradingView Mobile App

TradingView’s mobile app is available for iOS and Android devices. It allows you to access most of the features of the web platform, such as charts, indicators, drawing tools, and more. However, some features are not available on the mobile app, such as Pine Script editor, strategy tester, split screen mode, and more.

TrendSpider Mobile App

TrendSpider’s mobile app is only available for iOS devices. It allows you to access most of the features of the web platform, such as charts, indicators, drawing tools, screeners, pattern recognition, and more. However, some features are not available on the mobile app, such as strategy builder, backtesting, alternative data integration, and more.

Pricing

TrendSpider is slightly more expensive than TradingView, but it also comes with more features and real-time data at no additional cost. TradingView charges for real-time data on top of the subscription charge, although many popular ETFs like SPY are just barely 1 second delayed without paying on TradingView.

TradingView’s pricing starts from $14.95/month for the basic plan and goes to $59.95/month for the highest tier subscription.

However, these prices do not include real-time data for most markets. You have to pay extra charges for real-time data depending on the market you want to access.

TrendSpider’s pricing starts from $39/month for the standard plan and goes up to $179 per month for the highest tier

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Get a TrendSpider Free Trial

These prices include real-time data for most markets except futures. You have to pay extra charges for futures data depending on the exchange you want to access.

TradingView vs. TrendSpider | Bottom Line

TradingView and TrendSpider are both excellent platforms for charting, screening, and trading the financial markets. However, they have some differences that might make one more suitable for you than the other.

Ultimately, the choice between TradingView and TrendSpider depends on your personal preferences and trading goals. You can try both platforms for free for a limited time and see which one works better for you. Alternatively, you can use both platforms together to get the best of both worlds.

Check out my article about getting a TrendSpider free trial and a TradingView free trial for more information about signing up.

If you have made it this far, learn how to use our TrendSpider coupon code to get a discount on your subscription!

This article contains affiliate links for both TrendSpider and TradingView that I may be compensated for if you click and purchase a subscription from either. These affiliate links will provide you with a discount and support this website at no additional cost to you.

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TradingView vs. thinkorswim: A Detailed Comparison

tradingview vs thinkorswim

If you are looking for a trading platform that can help you perform technical analysis and execute trades, you may have come across TradingView and thinkorswim. These are two of the top trading platforms for technical analysis, but they have different features, costs, and suitability for different types of traders.

In this article, we will compare TradingView and thinkorswim in detail and help you decide which one is better for you. We will cover the following aspects of each platform:

  • Compatible brokers and assets
  • Technical analysis
  • User interface and design
  • Pricing and plans

By the end of this article, you will have a clear idea of which platform meets your trading needs and preferences.

I personally prefer to use a combination of TradingView for charting and tastytrade to place my trades.

tastytrade is essentially the newer version of thinkorswim, plus you can usually get up to a few thousand dollars when you fund a new tastytrade account and use my referral code.

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thinkorswim
Get a TradingView Free Trial

How TradingView and thinkorswim Differ in Terms of Brokers and Assets

One of the first things to consider when choosing a trading platform is which brokers and assets it supports.

TradingView is a freemium service that provides you with charting, news, stock screeners, advanced indicators, and many more features. It also integrates with various brokers and offers trading for most asset classes, including cryptocurrencies. Many people use TradingView for charting, and place their trades on a separate brokerage account. TradingView is not a brokerage, but a software traders use for charting and other tools.

thinkorswim is also a charting platform, but it is owned by the brokerage Schwab, meaning you must have an funded Schwab or TD Ameritrade account to use the platform. thinkorswim is a free platform that only works with Schwab and TD Ameritrade and offers trading for stocks, options, bonds, futures, currencies, and Bitcoin futures.

Here are some of the advantages and disadvantages of each platform in terms of brokers and assets:

TradingView

Pros

  • Supports trading for stocks, bonds, commodity futures, currencies, and cryptocurrencies
  • Integrates with a variety of brokers, such as Interactive Brokers, Tradovate, AMP Global, OANDA, Forex.com, and Gemini
  • Allows you to trade directly from the charts or use paper trading to practice without risking real money

Cons

  • The level of integration may vary depending on the broker and the asset class
  • Does not support options trading or provide options analysis tools
  • Requires a paid subscription to access advanced features and services
tradingview vs thinkorswim
TradingView

thinkorswim

Pros

  • Supports trading for stocks, options, bonds, commodity futures, currencies, and Bitcoin futures
  • Fully integrated with TD Ameritrade’s brokerage services and account management
  • Supports options trading and includes options chain data and risk diagrams for multi-leg options strategies

Cons

  • Only works with Schwab (formerly TD Ameritrade) and requires a TD Ameritrade or Schwab account to use the platform
  • Does not support cryptocurrency trading or provide cryptocurrency price data
  • May have higher commissions and fees than some other brokers

Based on this comparison, TradingView may be the better choice for traders who want to trade a wider range of asset classes, especially cryptocurrencies, and have more flexibility in choosing their broker. Thinkorswim may be the better choice for traders who are already TD Ameritrade or Schwab customers or who want to trade options.

thinkorswim vs tradingview
thinkorswim

How TradingView and thinkorswim Compare in Terms of Technical Analysis

Technical analysis is the process of using charts, indicators, and patterns to analyze the price movements of an asset and predict its future direction. Both TradingView and thinkorswim offer comprehensive and customizable charting tools and indicators, but they have some differences in their technical analysis features.

TradingView excels in technical analysis and offers a wide range of charting tools and indicators. It is also more beginner-friendly and has a built-in trader community. Thinkorswim also provides robust charting capabilities and is known for its high-quality charts. It also supports options trading and includes options analysis tools.

Here are some of the similarities and differences between the two platforms in terms of technical analysis:

TradingView

Pros

  • Offers over 100 chart types, including candlestick, line, bar, renko, heikin ashi, kagi, point & figure, and more
  • New users can usually get a 30-day free trial when you use my link
  • Provides over 50 drawing tools, such as trend lines, channels, Fibonacci retracements, pitchforks, Gann tools, and more
  • Includes over 100 pre-built indicators, such as moving averages, oscillators, volume indicators, volatility indicators, and more
  • Allows you to create your own custom indicators using Pine Script or import indicators from other users
  • Has a built-in trader community where you can share your ideas, follow other traders, and get feedback

Cons

  • Requires a paid subscription to access more advanced features, such as the volume profile indicator, multiple charts per layout, intraday data, extended trading hours, and more
  • Does not support options trading or provide options analysis tools

thinkorswim

Pros

  • Offers over 20 chart types, including candlestick, line, bar, monkey bars, and more
  • Provides over 30 drawing tools, such as trend lines, channels, Fibonacci retracements, pitchforks, Gann tools, and more
  • Includes over 300 pre-built indicators, such as moving averages, oscillators, volume indicators, volatility indicators, and more
  • Allows you to create your own custom indicators using thinkScript or import indicators from other users

Cons

  • Has a steeper learning curve and may be overwhelming for beginners
  • Does not have a built-in trader community or a social media integration
  • May have some compatibility issues when using the desktop or mobile platform

Based on this comparison, TradingView may be the better option for traders who want to use a wider range of charting tools and indicators, or who want to interact with other traders and learn from their ideas. Thinkorswim may be the better option for traders who want to use options analysis tools.

How TradingView and thinkorswim Differ in Terms of User Interface and Design

User interface and design are important factors for trading platforms as they affect the user experience and satisfaction. A good user interface should be easy to navigate, intuitive to use, and visually appealing. A good design should be modern, responsive, and customizable.

TradingView has a more user-friendly and modern interface, while thinkorswim has a more vintage and customizable interface. Both platforms offer a web-based version as well as a desktop and mobile version.

Here are some of the pros and cons of each platform in terms of user interface and design:

TradingView

Pros

  • Has a simple and intuitive interface that is easy to use for beginners and experts alike
  • Has a modern and sleek design that is aesthetically pleasing and professional-looking
  • Has a web-based platform that can be accessed from any browser without downloading or installing anything
  • New users can usually get a free trial and a discount using this link

Cons

  • Has a limited customization options for the interface layout, colors, fonts, etc.
  • Has a desktop and mobile version that may not have all the features and functions of the web-based platform

thinkorswim

Pros

  • Has a high level of customization options for the interface layout
  • Has a desktop platform that is fast and reliable and offers more features and functions than the web-based platform

Cons

  • Has a complex and cluttered interface that may be confusing and overwhelming for beginners
  • Has a dated and bulky design that may not be appealing to some users
  • The desktop platform can get laggy at times, depending on your PC

Based on this comparison, TradingView may be the better choice for traders who want to use a simple and modern interface that is easy to use and access from any browser. Thinkorswim may be the better choice for traders who want to use a more customizable interface that offers more features and functions on the desktop platform.

How TradingView and thinkorswim Compare in Terms of Pricing and Plans

Pricing and plans are another important aspect to consider when choosing a trading platform, as they affect the access to features and services. TradingView is a free platform with optional pay-to-use service that offers different plans depending on the features and services needed, while thinkorswim is a free platform that comes with a TD Ameritrade or Schwab account.

Here are some of the details and differences between the two platforms in terms of pricing and plans:

TradingView

  • Offers four plans: Basic, Pro, Pro+, and Premium
  • The Basic plan is free and offers limited features, such as one chart per layout, one alert, three indicators per chart, etc.
  • The Pro plan costs $14.95 per month or $155.40 per year and offers more features, such as two charts per layout, 10 alerts, five indicators per chart, etc.
  • The Pro+ plan costs $29.95 per month or $299.40 per year and offers even more features, such as four charts per layout, 30 alerts, 10 indicators per chart, etc.
  • The Premium plan costs $59.95 per month or $599.40 per year and offers the most features, such as eight charts per layout, 200 alerts, 25 indicators per chart, etc.
  • All paid plans offer additional benefits, such as intraday data, extended trading hours, priority customer support, etc.
  • Usually offers a 30-day free trial for any paid plan

thinkorswim

  • Is free to use and only requires a funded account
  • Comes with a TD Ameritrade or Schwab account, which may have commissions and fees for trading certain assets
  • Offers all the features and services without any limitation or restriction

Based on this comparison, TradingView may be the better option for traders who want to access more advanced and expansive features and services, and who don’t mind paying a monthly or yearly fee. Thinkorswim may be the better option for traders who want to use a free platform with comprehensive features and services, and who are already TD Ameritrade customers or don’t mind opening an account with them.

FeatureTradingViewThinkorswim
Compatible BrokersVarious brokers, including Interactive Brokers, Tradovate, AMP Global, OANDA, Forex.com, and GeminiOnly TD Ameritrade & Schwab
Assets OfferedStocks, bonds, commodity futures, currencies, and cryptocurrenciesStocks, bonds, commodity futures, currencies, and Bitcoin futures
Options TradingNot supportedSupported with options chain data and P&L charts
PricingFreemium service with different plans ranging from $12.95 to $59.95 per month. You can also get a free trial. Free platform for TD Ameritrade & Schwab customers
Charting ToolsWider range of charting tools and indicators than ThinkorswimHigh-quality charts and options analysis tools
Ease of UseEasier to use than ThinkorswimMore complex and less intuitive than TradingView

TradingView vs. thinkorswim: Which Trading Platform Is Better for You?

In conclusion, TradingView and thinkorswim are both excellent trading platforms for technical analysis, but they have different features, costs, and suitability for different types of traders. Here is a summary of the main differences and similarities between the two platforms:

  • TradingView is a freemium service that integrates with various brokers and offers trading for most asset classes, including cryptocurrencies. Thinkorswim is a free platform that only works with TD Ameritrade or Schwab and offers trading for stocks, bonds, futures, currencies, and Bitcoin futures.
  • TradingView excels in technical analysis and offers a wide range of charting tools and indicators. It is also more beginner-friendly and has a built-in trader community. Thinkorswim also provides robust charting capabilities and is known for its high-quality charts. It also supports options trading and includes options analysis tools.
  • TradingView has a more user-friendly and modern interface, while thinkorswim has a more advanced and customizable interface. Both platforms offer a web-based version as well as a desktop and mobile version.
  • TradingView offers different plans depending on the features and services needed, while thinkorswim comes with a TD Ameritrade or Schwab account and offers all the features and services without any limitations or restrictions.

Based on this comparison, TradingView may be the better choice for traders who want to trade a wider range of asset classes, especially cryptocurrencies, and have more flexibility in choosing their broker.

TradingView may also be the better choice for traders who want to use a wider range of charting tools and indicators, or who want to interact with other traders and learn from their ideas. TradingView may also be the better choice for traders who want to use a simple and modern interface that is easy to use and access from any browser.

Thinkorswim may be the better choice for traders who are already TD Ameritrade or Schwab customers or those who want to trade options. Thinkorswim may also be the better choice for traders who want to use options analysis tools.

However, the final decision should be based on your individual preferences and trading requirements. You can try out both platforms and see which one suits you better. You can also read more articles on TradingView compared to other platforms like TradingView vs. NinjaTrader, TradingView vs. Webull, Barchart vs. TradingView, or TradingView vs. Finviz to learn more about their features and benefits.

FAQ: TradingView vs Thinkorswim

Is TradingView compatible with TD Ameritrade?

No, TradingView is not compatible with TD Ameritrade. TradingView works with a variety of different brokers, but TD Ameritrade is not one of them. On the contrary, Thinkorswim is exclusive to TD Ameritrade and Schwab clients and only allows trading through a TD Ameritrade or Schwab account.

Is TradingView the best charting tool?

TradingView is widely regarded as one of the best charting tools available online. Technical analysts favor it for its wide range of technical indicators, drawing tools, and charting features that can be customized. It also supports the automation of trading strategies through its Pine Script programming language.

Can I trade directly from TradingView?

Yes, you can trade directly from TradingView if you have an account with one of the supported brokers. TradingView integrates with brokers such as Interactive Brokers, Tradovate, AMP Global, OANDA, Forex.com, and Gemini. You can also use paper trading to practice your skills without risking real money.

How much is TradingView a month?

TradingView offers both free and paid subscription plans. The free version provides access to basic features, while the paid plans unlock additional features and data. The paid plans range from $14.95 to $59.95 per month, depending on the level of service and billing frequency. If you use my link, you can get a discount on your premium subscription!

Do I need a broker for TradingView?

No, you can use TradingView’s charting features without a broker. However, if you want to place trades, you will need a brokereage account, which TradingView does not provide. TradingView does not provide brokerage services itself but rather connects you with various brokers that offer different asset classes and trading conditions

Before you go

If you want to keep educating yourself about personal finance, you must check out these posts as well:

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The Best Laptops and Computers for Trading

The Best Monitors for Trading

How to Get a TradingView Free Trial

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TradingView Paper Trading Tutorial and Tips

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What is TradingView Paper Trading?

TradingView Paper Trading enables users to simulate trades in real time without risking their own money. 

You can use TradingView’s paper trading to forward test any strategy, whether it’s based on indicator signals or even an alert service you have access to. 

However, paper trading is not perfect, and there are many downsides you must pay attention to, which we will cover in this article. 

Is TradingView Paper Trading Free?

Yes, paper trading on TradingView is accessible for free, regardless of your subscription level. 

However, you need to have at least a free account on TradingView. 

You can use our affiliate link to sign up for a free TradingView account, and if you ever decide, our link gives you access to a free trial and a discount on your subscription. 

How to Use TradingView Paper Trading

To begin paper trading on TradingView, follow these simple steps:

  • Open Any Chart: Choose a market or instrument you’re interested in.
  • Trading Panel Access: Click the trading panel located at the bottom of the chart.
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  • Select TradingView Paper Trading: Choose the paper trading option or a broker if you have one linked.
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  • Minimize the New Window: Close the new window by clicking the top right minimize icon.
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  • Trade from the Chart: When viewing a chart, click ‘trade’ at the bottom of the screen to open the order window.
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  • Placing Trades: Use the DOM to place trades, set up stop-loss, limit orders, and take profit orders.
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Mistakes to Avoid While Paper Trading on TradingView

Paper trading can be a great way to gain some experience with a strategy before using real money, but there are many factors that can give you false expectations, such as:

1- Failing to account for slippage and liquidity

If you are paper trading, you must understand that when you place a buy or sell order with real money, you will not get filled at the exact current price. This is especially true for assets like less than ideal liquidity, such as low-volume stocks and cryptocurrencies. 

Failing to account for slippage will make your strategy perform much better than it will with real money. Therefore, TradingView paper trading should NOT be the main deciding factor when testing your strategies. 

2- Lack of emotions

When you are paper trading with fake money, it is impossible to feel the real emotional impacts of losing or making money. Losing a lot of your actual money can cause you to make much different decisions than “losing” fake money. Therefore, that is why it is crucial to backtest and develop a trading plan that you can follow.

3- Breaking your strategies rules

When paper trading, it is easy to break your rules. Say your strategy calls for a -1 % stop-loss. If you decide to break this rule and let a trade go to -2 %, and it recovers and becomes a winning trade, you have effectively broken your rules and built a bad habit, thanks to paper trading. 

4- Building false confidence

If you decide to paper trade a strategy, and every trade plays out perfectly, this doesn’t necessarily mean your strategy is flawless. Continuing paper trading until you have seen losses and wins is optimal to ensure you don’t build a bias that negatively impacts you. 

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Transitioning From Paper Trading to Real Trading

When you have become comfortable after backtesting and paper trading, you may continue to implement it with real money. To ensure you have a smooth and profitable transition, ensure that you follow these tips:

1- Assess your readiness

Ensure you have analyzed your backtests and done enough paper trading so you know exactly what to expect, even in the most volatile market conditions. 

2- Start small

Sizing is a crucial aspect when it comes to trading your strategy, as it lowers emotional decisions and limits your loss potential while you are just starting out.

3- Stick to your plan

After spending hours paper trading and backtesting, it would be counterproductive to break your rules. Always stick to your plan even when your hunches tell you to deviate.

FAQ

Does TradingView paper trading support options?

No, TradingView paper trading does not currently support options trading.

TradingView Paper Trading – Bottom Line

Paper trading on TradingView is a great way to test your strategy, given you are aware of its limitations. It is a great way to simulate the trading experience, but failing to account for common paper trading pitfalls such as slippage and commissions can give you unrealistic expectations. 

If you haven’t already, I highly recommend you sign up for a free TradingView account so you can try out paper trading yourself. Using our link to sign up, you can also get a free trial of TradingView’s premium subscriptions!

How You Can Use Fibonacci Retracements on TradingView

fibonacci retracement tradingview

Intro to the Fibonacci Retracement on TradingView

Fibonacci retracement levels have been a staple of technical analysis for centuries, providing traders with valuable insights into potential price reversals and areas of support and resistance.

In this guide, we’ll explore how to effectively use the Fibonacci retracement tool on the TradingView platform—a feature-rich tool that empowers traders to make informed decisions in the financial markets.

The Origins and Importance of Fibonacci Retracement Levels

Fibonacci retracement levels originate from the Fibonacci sequence—a mathematical series of numbers with unique properties. These levels are widely used in trading to identify key areas where price action is likely to occur. The most commonly used Fibonacci retracement levels include:

  • 23.6%
  • 38.2%
  • 50% (not an official Fibonacci ratio, but frequently used)
  • 61.8%
  • 78.6%

Traders rely on these levels to anticipate possible future price movements and to inform their trading strategies.

fibonacci retracement tradingview

How to Use the Fibonacci Retracement Tool on TradingView

TradingView’s platform offers a user-friendly and versatile Fibonacci retracement tool. Here’s how you can use it to enhance your technical analysis:

Step 1: Open a Chart on TradingView

  • Select the asset you want to analyze and open its chart.

Step 2: Locate the Fibonacci Retracement Tool

  • Find the toolbar on the left side of the chart.
  • Select the “Fibonacci Retracement” tool.

Step 3: Define Two Extreme Points

  • Click on the chart with the tool to define two extreme points (a high and a low) on the chart.
  • The tool will automatically generate the Fibonacci retracement levels between the two points.

Step 4: Customize the Tool’s Settings

  • Right-click the Fibonacci lines and select “Settings” to customize levels, colors, line styles, and visibility.

Choosing the Right Time Frame for Fibonacci Retracement

When using the Fibonacci retracement tool, the choice of time frame depends on your trading strategy and goals:

  • Short-Term Traders: May use lower time frames such as 1-hour or 15-minute charts.
  • Long-Term Traders: May find daily, weekly, or monthly charts more suitable.

The tool can be effectively used on various time frames, including the daily chart, to assess long-term trends and potential reversal points.

Combining Fibonacci Retracement with Other Technical Indicators

For a more comprehensive analysis, traders often use the Fibonacci retracement tool alongside other technical indicators, such as:

  • Moving Averages (SMA, EMA)
  • Relative Strength Index (RSI)
  • Moving Average Convergence Divergence (MACD)

These indicators complement the Fibonacci retracement tool, providing additional confirmation and enhancing trade setups.

Exploring the Auto Fibonacci Retracement Indicator on TradingView

TradingView features the Auto Fibonacci Retracement indicator, which streamlines the process of identifying retracement levels:

Benefits of the Auto Fibonacci Retracement Indicator

  • Automatically identifies extreme points and calculates retracement levels.
  • Saves time and effort in the analysis process.

Notable Features of the Auto Fibonacci Retracement Indicator

  • Deviation: Adjusts the sensitivity of the indicator to price changes.
  • Depth: Controls the number of bars used in calculations.
  • Extend Lines: Allows extending the lines beyond the defined points.

The Auto Fibonacci Retracement indicator is a valuable addition to the trader’s toolkit, helping to simplify and optimize the technical analysis process.

The Role of Fibonacci Retracement in Trading

Fibonacci retracement levels have gained widespread acceptance among professional traders, and here’s why:

  • Relevance in Market Analysis: Fibonacci retracement levels offer valuable insights into potential support and resistance areas, making them a crucial tool for market analysis.
  • Enhanced Decision Making: Traders use Fibonacci levels to make informed decisions about entry and exit points, stop-loss levels, and price targets.
  • Versatility: These levels are applicable across various financial markets, including stocks, forex, and futures, and can be used in both uptrends and downtrends.

Practical Tips for Traders

To effectively use the Fibonacci retracement tool in trading, consider the following tips:

  • Market Context: Always consider the broader market context and the overall trend direction before making trading decisions based on Fibonacci retracement levels.
  • Confluence: Look for confluence with other support and resistance levels, patterns, or technical indicators to strengthen trade setups.
  • Risk Management: Implement sound risk management practices, such as using stop-loss orders, to mitigate potential losses if the price does not reverse as anticipated.
  • Avoid Over-Reliance: While Fibonacci retracement levels can be powerful, they should not be relied on exclusively. Be aware of the limitations and use them as part of a comprehensive trading strategy.

Fibonacci Retracement TradingView | Bottom Line

The Fibonacci retracement tool on TradingView is a valuable resource for traders seeking to make informed decisions and enhance their trading strategies. By understanding the origins, significance, and practical applications of Fibonacci retracement levels, traders can leverage this tool to identify potential reversals and key price levels in the financial markets.

The Fibonacci retracement tool can contribute to more effective and well-informed trading decisions when combined with other technical indicators and sound risk management practices.

Mastering the Fibonacci retracement tool involves continuous learning, practicing, and refining one’s trading approach. Whether you’re a seasoned trader or a beginner, exploring the capabilities of the Fibonacci retracement tool on TradingView can open new doors to understanding market dynamics and optimizing your trading performance.

How to Learn More About Trading

Learning how to analyze charts and stocks can be a difficult task all on your own.

If you want to accelerate your learning curve on the stock market, consider joining the HaiKhuu Trading Community!

HaiKhuu gives you access to thousands of experienced traders willing to help you learn and answer any questions you may have.

Before you go

If you want to keep educating yourself about personal finance, you must check out these posts as well:

What is the Most Successful Options Strategy

Options Trading for Income: The Complete Guide

Mark Minervini’s Trading Strategy: 8 Key Takeaways

The Best Options Trading Books

TradingView Pricing Guide

The Best Laptops and Computers for Trading

How to Get a TradingView Free Trial

The Best TradingView Indicators

How to Delete a TradingView Layout

how to delete a tradingview layout

This article guides you through the simple process of deleting a TradingView layout, ensuring your workspace remains organized and efficient.

Step-by-Step Guide to Deleting a TradingView Layout

1- Navigating to Layout Management

To begin, locate the manage layouts drop-down arrow in the top right corner of your TradingView chart.

2- Selecting the Layout to Delete

After clicking the drop-down arrow, choose ‘load layout’ from the options. This action will take you to a screen where all your saved layouts are displayed.

3- Deleting the Layout

Find the layout you wish to delete and click on the ‘X’ icon next to it. A prompt may appear asking for confirmation to ensure you want to delete the selected layout. Confirm your choice to proceed.

4- Confirmation and Final Checks

Once deleted, the layout will no longer be listed among your saved layouts. It’s a good practice to double-check to ensure the correct layout has been removed and that your other layouts are intact.

how to delete a tradingview layout

Best Practices for Managing TradingView Layouts

Regularly reviewing and organizing your TradingView layouts can significantly enhance your trading efficiency. Try to keep only the layouts you frequently use and delete those that are no longer relevant to your current trading strategy.

Troubleshooting Common Issues

If you encounter issues while trying to delete a layout, such as the layout not disappearing after deletion, try refreshing the page or clearing your browser’s cache. For persistent problems, consider reaching out to TradingView’s support team.

Deleting TradingView Layouts – Bottom Line

Deleting a layout in TradingView is a straightforward process that helps keep your trading environment clutter-free. Regularly managing your layouts ensures you have the most relevant and useful setups at your fingertips, contributing to a more efficient trading experience.

FAQs

  • Can I recover a deleted layout?
  • Once a layout is deleted in TradingView, it cannot be recovered. It’s important to be certain before you delete a layout.
  • How many layouts can I have in TradingView?
  • The number of layouts you can have depends on your subscription plan with TradingView.
  • Is it possible to rename a layout instead of deleting it?
  • Yes, TradingView allows you to rename layouts to better organize your workspace.

Related Articles

How to Save TradingView Layouts

The Best TradingView Indicators

How to Get Multiple Charts on TradingView

The 10 Best TradingView Indicators to Improve Your Trading

besttradingviewindicatorsfeatured

Discover the best TradingView indicators to improve your technical analysis skills.

What are the Best Indicators on TradingView?

There are tons of indicators on TradingView. However, the best ones include:

  • Volume Profile – view volume by price instead of by time
  • Ichimoku Clouds – quick “one look” indicator to identify entries and exits
  • Auto Fib Retracement – draws Fibonacci retracements automatically
  • Market Profile – view how much time is spent at various price levels
  • VWAP – the volume weighted average price intraday
  • MACD – moving average convergence divergence determines momentum
  • RSI – quick way to tell if a stock is overvalued or undervalued on a scale of 0-100
  • Anchored VWAP – VWAP anchored to a specific date
  • IV Rank and Percentile – detrmines whether a stock’s implied volatility is high or low

1- Volume Profile Indicator

The volume profile shows you volume by price for a defined time period. Traditional volume charts show you volume by time, which is not nearly as valuable.

Traders can determine what price has the most supply and demand, which is extremely helpful in determining support and resistance levels on a chart. 

tradingview volume profile indicator
Image From TradingView

The volume profile indicator on TradingView is an advanced tool that requires you to have a premium subscription. However, new users can usually get a TradingView free trial to test it out for 30 days.

2- Ichimoku Clouds

The Ichimoku Cloud is a dynamic trend following indicator involving several moving average lines. It consists of five lines and a “cloud” formed by the interaction of two of these lines.

ichimoku cloud
Image From TradingView

A green cloud signals an uptrend, while a red cloud signals a downtrend.

Additionally, you can use the baseline and conversion line crossovers to determine entry and exit points.

The baseline and conversion lines are similar to a 9EMA and a 26EMA, another common indicator traders use.

The Ichimoku Cloud allows you to identify trends easily and determine entry and exit points based on TK crossovers.

3- Auto Fib Retracement

The Auto Fib Retracement indicator automatically plots Fibonacci retracement levels on a chart, helping traders identify potential support and resistance zones based on the key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 78.6%).

auto fibonacci retracement indicator on tradingview
Image From TradingView

While traders often draw their own Fib Retracement lines manually, the Auto Fib tool is a great way to save time and view retracement levels on several time frames.

You can also change the depth to a larger number if the indicator is drawing the lines too close to the current stock price.

Auto fib retracement tools are also available on Trendspider. To learn more, check out my article on Trendspider vs. TradingView!

4- Market Profile

The market profile is similar to the volume profile, except it also shows time spent at prices on top of volume by price. The market profile is commonly used by futures traders to interpret the market structure and identify trading opportunities.

tradingview market profile indicator

While the market profile isn’t a default indicator on TradingView, you can use the Market Profile custom indicator by RunStrat. Once you add it to your favorites, you will be able to utilize the market profile on your TradingView charts.

5- VWAP (Volume Weighted Average Price)

The VWAP is an intraday indicator that shows you where the most volume has occurred through a particular trading day. It is considered about the fair price for a stock since it is where the most shares have been traded.

tradingview vwap indicator

VWAP strategies include buying when the price breaks over the VWAP for a continuation play. Alternatively, you can wait for the stock price to be far away from the VWAP and use a mean reversion strategy. You can also check out the anchored VWAP if you are not a day trader.

6- Moving Averages

There are two types of moving averages, SMA (simple moving average) and EMA (exponential moving average). The most common ones for swing traders and investors to utilize are the 50 and 200 SMA lines on the daily chart. Otherwise known as the 50 and 200-day moving averages.

tradingview moving average lines

Short-term traders use EMA lines such as the 9 and 26-period lines on shorter-term time frames like the 5-minute and 1-minute charts for day trading and short-term swing trading.

7- MACD

The MACD (Moving Average Convergence Divergence) is a popular trend-following indicator. It is the result of two lines: the MACD line and the signal line. 

  • MACD Line: The MACD line is the result of subtracting the 26-period EMA by the 12-period EMA, typically for days when used on the daily timeframe. 
  • Signal Line: The signal line is the 9-period EMA of the MACD line.
macd on tradingview

When the MACD line crosses above the signal line, it’s considered a bullish signal (suggesting it might be a good time to buy). Conversely, when the MACD line crosses below the signal line, it’s viewed as a bearish signal (suggesting it might be a good time to sell).

8- RSI

The RSI indicator is a popular tool for identifying whether an asset is overbought or oversold. It is a momentum oscillator that measures the speed and change of price movements on a scale from 0 to 100. 

RSI on tradingview

The RSI is calculated based on an asset’s price movements over a certain period, typically 14 days. It compares the magnitude of recent gains to recent losses to determine the speed and change of price movements.

9- Anchored VWAP

The Anchored VWAP (Volume Weighted Average Price) is a trading indicator that gives traders a comprehensive look at a stock’s price in relation to its volume over a specific time frame.

anchored vwap on tradingview

The regular VWAP is the average price of a stock weighted by its volume. The unique feature of the Anchored VWAP is that it allows traders to choose a specific starting point (or “anchor”) from which to calculate the VWAP.

10- Implied Volatility Rank and Percentile

Implied volatility represents how much volatility the market is pricing for a specific asset. When implied volatility is high, options are generally more expensive to account for the perception of large price movements in the future. It is a key factor in options pricing and trading strategies.

iv rank and percentile on tradingview

Implied volatility rank and percentile help you determine whether a stock’s implied volatility is high or low based on the last year of data. Implied volatility rank is free to use on TradingView but is not native to the platform. You can use the IV Rank and Percentile custom indicator by Martin Shkreli for free. 

How to get a TradingView free trial

If you don’t want to spend your hard-earned money testing out these indicators, new users can usually get a 30-day TradingView free trial.

TradingView is one of the most widely used charting tools available, and it is great for beginners and advanced traders. We have an entire article explaining how to get a TradingView free trial you can read if you have any questions.

tradingview banner

Which indicator is best for entry and exit?

There isn’t a single indicator that is “best” for determining entry and exit points. However, the Ichimoku indicator provides traders clear signals when the baseline and conversion lines crossover.

When the conversion line cross above the baseline, it is a signal to buy. On the other hand, when the baseline crosses below the baseline, it is a signal to sell.

Once you are in a position, you can use one of the several lines to determine your stop loss and take profit levels.

What indicator do most traders use?

There are tons of indicators to use on Tradingview, and each trader must find the one that works best for their trading strategy.

However, the most common indicators include Fibonacci Retracements, simple moving averages (SMAs), and exponential moving averages (EMAs).

The Best TradingView Indicators | Bottom Line

Selecting and utilizing the appropriate indicators is crucial for successful trading. The right indicators can provide valuable information on market trends, support and resistance levels, and potential trade opportunities.

By understanding how each indicator works and using them in conjunction with other technical analysis tools, traders can enhance their market analysis skills and improve their overall trading performance. Check out our article on the best day trading indicators to learn more!

FAQs

What are TradingView indicators?

  • TradingView indicators are tools or mathematical calculations applied to price data on the TradingView platform.

How do I access indicators on TradingView?

  • To access indicators on TradingView, simply open the platform and select the “Indicators” button located at the top of the charting window. This will open a menu where you can search for and select various indicators based on your trading needs.

Are the best TradingView indicators free?

  • TradingView offers a wide range of both free and paid indicators. While there are many excellent free indicators available, some more advanced or specialized indicators like the volume profile that may require a paid subscription or purchase. However, there are plenty of powerful indicators that can be utilized at no cost. You can learn more in our TradingView pricing article.

What are some popular TradingView indicators?

  • There are numerous popular TradingView indicators that traders often find useful. Some examples include:
  • Moving Averages: These indicators smooth out price data and help identify trends.
  • Relative Strength Index (RSI): A momentum oscillator used to detect overbought or oversold conditions.
  • Bollinger Bands: Indicators that show price volatility and potential price breakouts.
  • MACD (Moving Average Convergence Divergence): A trend-following momentum indicator.
  • Fibonacci Retracement: A tool used to identify potential support and resistance levels.
  • Volume Profile: Shows volume by price.
  • Ichimoku Clouds: A dynamic trend-following indicator.
  • Auto Fibonacci Retracements: Automatically draws Fibonacci levels.

How can I determine the best TradingView indicators for my trading strategy?

  • Selecting the best TradingView indicators for your trading strategy depends on your individual preferences, trading style, and goals. It’s essential to consider factors such as your preferred timeframes, market conditions, and the specific insights you need from indicators. Experimenting with different indicators and analyzing their performance in relation to your strategy can help you determine which ones work best for you.

Can I create custom indicators on TradingView?

  • Yes, TradingView provides a feature called Pine Script that allows users to create their own custom indicators. Pine Script is a domain-specific scripting language designed for creating and modifying indicators and strategies on the TradingView platform. It offers a flexible and powerful framework for traders who want to develop their own unique indicators.

How can I install and use custom indicators on TradingView?

  • To install and use custom indicators on TradingView, follow these steps:
  • Write or obtain the Pine Script code for the custom indicator.
  • Open TradingView and go to the chart where you want to apply the custom indicator.
  • Click on the “Indicators” button and select “Invite-Only Scripts” or “Pine Editor” depending on your TradingView subscription plan.
  • Open the Pine Editor and paste the custom indicator’s code into the editor.
  • Click “Add to Chart” to apply the custom indicator to your chart.

Before you go

If you want to keep educating yourself about personal finance and options trading, you must check out these posts as well:

Mark Minervini’s Trading Strategy: 8 Key Takeaways

The Best Options Trading Books

The Best Laptops and Computers for Trading

The Best Monitors for Trading

The Cup and Handle Pattern

Inverse Cup and Handle Pattern

Consider this article about trading using confluence as part of your strategy.

This article contains affiliate links I may be compensated for if you click them.

The Best Brokers for TradingView: Top Picks for Traders

interactive brokers website

TradingView is a leading platform known for its advanced charting features, technical analysis tools, and social networking capabilities.

Choosing the right broker to integrate with TradingView can significantly enhance your trading experience. In this article, we’ll explore the best brokers for TradingView and provide you with key information to make an informed decision.

Why TradingView and the Right Broker Matter

TradingView has become a go-to platform for traders and investors looking for comprehensive charting tools and real-time market data. Its user-friendly interface and powerful features make it a preferred choice for technical analysis and trade execution.

Selecting a broker that integrates seamlessly with TradingView is crucial for a smooth trading experience. The right broker can offer competitive fees, a wide range of trading instruments, and reliable customer support.

Criteria for Evaluating Brokers for TradingView

When evaluating brokers for TradingView, consider the following criteria:

  • Integration with TradingView: Seamless integration ensures quick trade execution directly from the TradingView platform.
  • Fees and Commissions: Competitive pricing and transparent fee structures can impact your overall trading costs.
  • Trading Instruments: Access to a diverse range of financial instruments, including forex, stocks, commodities, and cryptocurrencies, allows for a well-rounded trading portfolio.
  • Customer Service: Responsive and knowledgeable customer support can assist you in resolving any trading-related issues.
  • Reliability: A trustworthy broker with a solid reputation in the industry ensures a secure trading environment.

Top Brokers for TradingView – In-Depth Reviews

Let’s take a closer look at some of the top brokers for TradingView:

Interactive Brokers: Best Overall Broker for TradingView

interactive brokers website

Interactive Brokers is the best broker for TradingView since it is the most legit and well-known stock trading brokerage compatible with TradingView. It offers robust trading tools, access to global markets, and thorough research.

Pros:

  • Wide range of global markets
  • Comprehensive research offering
  • Robust trading platform

Cons:

  • Complicated platform for inexperienced traders

Saxo Bank: Best Web-Based Trading Platform

Saxo Bank is known for its exclusive multi-asset trading platform and brilliant research. With over 40,000 tradeable instruments and excellent customer service, it stands out as a top choice for TradingView traders.

Pros:

  • Flagship platform with top-of-the-line features
  • Extensive range of tradeable instruments
  • Excellent customer service

Cons:

  • High minimum deposit

FOREX.com: Excellent All-Round Offering

FOREX.com is a well-established broker with an all-around offering. It provides competitive pricing, superior trade execution, and a range of trading platforms to suit different traders’ needs.

Pros:

  • Competitive pricing
  • Wide range of trading platforms
  • Superior trade execution

Cons:

  • Limited instruments on certain platforms

Cons:

  • Limited instruments on certain platforms

Tips for Getting Started with TradingView and Your Broker

To make the most out of your TradingView experience, consider the following tips:

  • Take time to familiarize yourself with TradingView’s features and functionalities.
  • Experiment with different charting tools and indicators to enhance your technical analysis.
  • Review the fee structures and trading conditions offered by your broker.
  • Utilize demo accounts to practice trading strategies without risking real capital.
  • Stay informed about market trends and news to make well-informed trading decisions.

Get a Discount on Your TradingView Subscription

We have exciting news for traders looking to elevate their trading experience with TradingView! New users can usually get a free trial and a discount on their TradingView subscription when they sign up using our exclusive link.

To claim this offer, click the following link to get your TradingView discount.

tradingview banner

The Best TradingView Brokers | Bottom Line

In conclusion, finding the best broker for TradingView is an important step in your trading journey. By considering factors such as integration, fees, trading instruments, and reliability, you can select a broker that aligns with your trading goals. Ultimately, the right broker can enhance your overall trading experience and help you make the most of the powerful features offered by TradingView.

Remember that successful trading involves a combination of skill, knowledge, and the right tools. With TradingView and a reliable broker by your side, you’ll be well-equipped to navigate the dynamic world of financial markets.

Whether you’re a beginner looking for an easy-to-use platform or a seasoned professional seeking advanced trading tools, the brokers we’ve reviewed offer something for every type of trader. Take the time to evaluate your options and choose a broker that meets your unique needs.

This article contains affiliate links I may be compensated for if you click them.

TradingView API: Everything You Need to Know

tradingview api

TradingView is a popular platform for traders and investors who want to access live quotes, charts, and market data for various financial instruments. TradingView also offers a range of tools and features to help users analyze the markets, create trading strategies, and share their ideas with others.

But what if you want to access the data and indicators from TradingView programmatically? Is there a TradingView API that you can use for your own applications? In this article, we will answer these questions and explore some of the alternatives to the TradingView API.

tradingview api

How to Access the TradingView API

Unfortunately, as of now, TradingView does not have an API that gives access to its data or indicator values. This means that you cannot use TradingView as a data source for your own applications or services.

However, TradingView has announced that they are planning to add an API in the future that will allow users to access their data and indicators. This API will be available for both free and paid users and will support various languages and frameworks. TradingView has not given a specific timeline for when this API will be released, but you can follow their updates on their blog or social media channels.

However, TradingView does have a REST API that is meant for brokers who want to be supported on their trading platform. This API allows brokers to integrate their trading services with TradingView so that users can trade directly from the TradingView interface.

This API is not intended for data access or analysis but rather for order execution and account management. If you are a broker who wants to offer your clients the option to trade on TradingView, you can contact them.

What is the TradingView REST API?

The TradingView REST API is a set of endpoints that allow brokers to communicate with TradingView and provide their trading services to TradingView users. The REST API uses HTTP requests and JSON responses and follows the standard RESTful principles. The REST API supports the following features:

  • Authentication: Brokers can authenticate their users with TradingView using OAuth 2.0 or JWT tokens.
  • Symbols: Brokers can provide information about the symbols they support, such as name, description, type, exchange, currency, etc.
  • Quotes: Brokers can provide real-time or delayed quotes for the symbols they support, as well as historical data for charting purposes.
  • Orders: Brokers can receive orders from TradingView users and execute them on their own platforms, as well as provide order status updates and notifications.
  • Positions: Brokers can provide information about the positions held by their users, such as quantity, price, profit/loss, etc.
  • Balances: Brokers can provide information about the balances of their users’ accounts, such as cash, margin, equity, etc.
  • Settings: Brokers can provide information about the settings and preferences of their users’ accounts, such as leverage, commissions, fees, etc.

TradingView API Alternatives

If you are looking for an alternative to the TradingView API that can give you access to financial data and indicators, you might want to consider Yahoo Finance. Yahoo Finance is a free service that provides data on stocks, currencies, commodities, and other financial instruments. Yahoo Finance also offers news and analysis on the markets, as well as tools and features to help users research and track their investments.

Yahoo Finance has a free API that you can use to access its data programmatically. The Yahoo Finance API is not an official API from Yahoo but rather a collection of unofficial libraries/APIs/methods that use Yahoo Finance as a data source. The Yahoo Finance API allows you to retrieve historical and real-time data for various financial markets and products. You can also get fundamental and options data, as well as market news and analysis.

One of the most popular libraries for accessing the Yahoo Finance API is yfinance. yfinance is a Python library that allows you to download historical market data from Yahoo Finance. You can also get information on dividends, splits, earnings, financials, holders, sustainability, analysts, options chains, etc. yfinance is easy to install and use, and it integrates well with pandas and other Python libraries.

TradingView API | Bottom Line

TradingView is a great platform for traders and investors who want to access live quotes, charts, and market data for various financial instruments. TradingView also offers a range of tools and features to help users analyze the markets, create trading strategies, and share their ideas with others.

However, TradingView does not have an API that gives access to its data or indicator values as of now, but they are planning to add it in the future. This means that you cannot use TradingView as a data source for your own applications or services.

If you are interested in using the TradingView platform, you can sign up for a free trial here. TradingView is the best charting platform available on all devices, including desktop and mobile. You can also upgrade to a paid plan to access more features and benefits, such as more indicators, alerts, real-time data, etc.

FAQ

Does TradingView have an API?

There is no TradingView API that gives access to its data or indicator values as of now, but they are planning to add it in the future. This means that you cannot use TradingView as a data source for your own applications or services. However, TradingView does have a REST API that is meant for brokers who want to be supported on their trading platform.

Can I trade directly from TradingView?

Yes, you can trade directly from TradingView if your broker is supported by TradingView. TradingView supports over 50 brokers worldwide, including some of the most popular ones such as Oanda, FXCM, Interactive Brokers, etc.

How do I get real-time data on TradingView?

TradingView provides real-time data for most of the symbols it supports, such as stocks, forex, crypto, futures, etc. However, some symbols may require a paid subscription to access real-time data.

How to Use the TradingView App for iPhone and Android (Mobile)

tradingview app

TradingView is a web-based platform that offers live quotes, charts, and tools for technical analysis. You can also use TradingView on your mobile device with the TradingView app for iPhone and Android.

We also have a guide that covers the TradingView desktop app you can check out.

In this article, we will guide you through the basics of using the TradingView app and show you some of its features. If you haven’t already, consider signing up for a TradingView free trial so you can access everything it has to offer at no cost.

How to Change Chart Layout on the TradingView App

To change the chart layout in the TradingView mobile app, you need to:

  • Tap on the chart icon at the bottom of the screen
  • Tap on the three dots at the bottom right corner
  • Tap select layout

tradingview app select layout

How to Add Indicators on the TradingView Mobile App

To add indicators in the TradingView mobile app, you need to:

  • Tap on the chart icon at the bottom of the screen
  • Tap on the plus icon at the bottom right corner
  • Tap indicators and select the indicator you want to add

You can search for any indicator by name or category in the search bar. To add an indicator to the chart, simply tap on it, and it will appear on the chart. You can also edit or remove indicators by tapping on them again.

tradingview app add indicators

How to Invert Chart on the TradingView Mobile App

To invert the chart in the TradingView mobile app, you need to:

  • Tap on the chart icon at the bottom of the screen
  • Tap on the gear icon at the bottom right corner
  • Toggle on the “Invert Scale” option

tradingview app invert

How to Reset Your Chart on the TradingView Mobile App

To reset the chart on the TradingView mobile app, you need to:

  • Tap on the chart icon at the bottom of the screen
  • Tap on the gear icon at the bottom right corner
  • Tap reset price scale

tradingview app reset chart

How to Add a Script on the TradingView Mobile App

Currently, you cannot use the Pine editor to add scripts in the TradingView mobile app.

If you are an on the go trader, staying on top of the markets can be a pain. To make trading easier, consider joining the HaiKhuu Trading Community.

The HaiKhuu Trading Community gives you access to thousands of experienced traders willing to help you out and answer your questions live on a live trading call.

How to Save Charts on the TradingView Mobile App

To save charts on the TradingView mobile app, you need to:

  • Tap on the chart icon at the bottom of the screen
  • Tap on the three dots in the bottom right corner
  • Scroll down and choose one of these options:
    • Save: To save your current chart layout
    • Load: To load a previously saved chart layout
    • Create new: To create a new chart layout
    • Make a copy: To make a copy of your current chart layout
    • Rename: To rename your current chart layout

tradingview app save chart

How to Delete Alerts on the TradingView Mobile App

To delete alerts on the TradingView mobile app, you need to:

  • Go to the symbol with the alert and find it on the chart
  • Tap it and tap the X
  • Press yes to delete the alert

tradingview app delete alert

How to Change to Candlesticks on the TradingView App

To change to candlesticks on the TradingView app, you need to:

  • Tap on the chart icon at the bottom of the screen
  • Tap on the three dots in the bottom right corner
  • tap chart type and switch them to candles

tradingview app candlesticks

How to Share a TradingView Chart From the App

To share your chart on the TradingView mobile app, you need to:

  • Make sure you are on the chart tab
  • Tap the plus icon at the bottom right corner
  • Tap share chart picture

However, there is not currently a way to share a chart from the TradingView mobile app using a link.

tradingview app share chart

How to Add Symbols to a Watchlist on The Trading View Mobile App

To add a symbol to your TradingView watchlist on the app, you need to:

  • Tap the watchlist tab in the bottom left corner
  • Tap the watchlist you want to add to
  • Tap the plus icon at the top right corner

tradingview app add watchlist

TradingView Mobile App | Bottom Line

We hope you enjoyed this article and learned something new about the TradingView app. As you can see, the TradingView app is a powerful and convenient way to access the TradingView platform from your mobile device.

If you haven’t tried it yet, we encourage you to sign up for a free trial of TradingView!

TradingView Tutorial | How to Use TradingView for Beginners

tradingviewtutorial

TradingView is one of the most popular and powerful web-based platforms for charting, technical analysis, and trading. Whether you are a beginner or an experienced trader, you can benefit from the features and tools that TradingView offers.

In this TradingView tutorial, you will learn how to use TradingView like a pro, from setting up your account and charts to using indicators, alerts, drawing tools, and more.

How to Use TradingView Charts

The first step to using TradingView is to create a free account on their website. You can also upgrade to a paid plan for more features and benefits. Once you have an account, you can access the TradingView homepage, where you can see the latest market news, ideas, and charts.

To start using the TradingView chart, you need to type a symbol into the bar at the top of the homepage. You can enter any asset that you want to analyze, such as stocks, forex, cryptocurrencies, commodities, indices, etc. For example, if you want to see the chart of Apple stock, you can type AAPL and click on it.

tradingview tutorial search

The chart will open in a new tab, where you can customize it according to your preferences. You can change the chart type, time frame, layout, colors, and more. You can also add indicators, drawing tools, alerts, and other features that we will explain later in this tutorial.

Drawing tools on TradingView

One of the most useful features of TradingView is the drawing tools. These are tools that allow you to mark up your charts with lines, shapes, patterns, text, and other elements. You can use them to identify trends, support and resistance levels, chart patterns, Fibonacci retracements, and more.

To access the drawing tools on TradingView, you need to click on the icon on the left-hand side of the screen that looks like a line. This will open a menu with different categories of drawing tools, such as trend lines and channels. You can select any tool that you want to use and click on the chart to apply it.

tradingview tutorial drawing tools

You can also customize the settings of each drawing tool by right-clicking on it and choosing “Settings.” You can change the color, style, thickness, visibility, and other options of each tool. You can also duplicate, lock, hide, or delete any drawing tool by right-clicking on it and choosing the appropriate option.

If you want to learn more about how to draw on TradingView and how to use different drawing tools effectively, you can check out our article on how to draw on TradingView.

Using Indicators on TradingView

Another powerful feature of TradingView is the indicators. Indicators can help you identify trends, momentum, volatility, volume, and other aspects of the market.

To add indicators to your chart on TradingView, you need to click on the indicators icon at the top of the screen. This will open a menu that allows you to search for all types of indicators, including custom ones built by other traders. Once you find the indicator you want, simply click on it.

tradingview tutorial indicators

The indicator will appear on your chart as a new panel or overlaying the price action. You can customize the settings of each indicator by clicking on its name on the top left corner of its panel or by right-clicking on it and choosing “Settings.”

You can learn more in our article covering the best TradingView indicators.

How to use the TradingView Stock Screener

TradingView also offers a stock screener feature that allows you to discover stocks for both trading and investing.

To access the stock screener on TradingView, you can access it from the home page under products -> screeners. Or you can click the stock screener at the bottom left of your chart.

tradingview stock screener

You can filter stocks by price, volume, market cap, dividend yield, P/E ratio, EPS growth, and more. You can also filter stocks by technical indicators and patterns, such as moving averages, RSI, MACD, breakouts, candlestick patterns, and more.

You can learn more about how to use the TradingView stock screener in our comprehensive article.

Can you Actually Trade on TradingView?

TradingView allows you to connect with brokers to trade directly on the charts. However, many people just use TradingView as a charting platform and trade on a brokerage.

The advantage of trading on TradingView is that you can execute your trades faster and easier without switching between platforms. The disadvantage is that you may have limited options for brokers, fees, and features.

To trade on TradingView, you need to have a paid plan and a supported broker account. You can see the list of supported brokers on the TradingView website.

Once you have connected your broker account, you can start trading on TradingView. Consider our article on the best TradingView brokers to learn more.

How to use TradingView for Cryptocurrency

TradingView also supports cryptocurrency charts, which you can view and analyze the same way as stocks and forex. However, there are some differences and options that you need to be aware of when using TradingView for cryptocurrency.

One of the main differences is that you can choose from different exchanges that offer cryptocurrency trading. For example, if you want to see the chart of Bitcoin, you can type BTCUSD and choose from various exchanges, such as Coinbase, Binance, Bitfinex, etc. Each exchange may have different prices, volumes, liquidity, fees, etc., so it is important to pick the one that suits your needs and preferences.

tradingview tutorial crypto

Another difference is that you can view cryptocurrency charts in different currencies, such as USD, EUR, GBP, JPY, etc. For example, if you want to see the chart of Bitcoin in Japanese yen, you can type BTCJPY and choose an exchange that offers this pair.

Apart from these differences, you can use TradingView for cryptocurrency in the same way as for other assets. You can add indicators, drawing tools, alerts, and other features to your cryptocurrency charts. You can also trade cryptocurrencies on TradingView if your broker supports them.

How to use TradingView for Day Trading

TradingView is also a great platform for day trading. Day traders use short-term price movements and technical analysis to make profits from intraday market volatility.

To use TradingView for day trading, you should consider using lower time frames for your charts, such as 1-minute or 5-minute intervals. This will allow you to see more details and opportunities in the daily price action.

Common indicators day traders use include the 9 and 26-EMA lines and the volume profile.

How to Use Order Flow in TradingView

TradingView offers several indicators that can help you use order flow in your analysis, such as volume profile, footprint charts, and market profile. These indicators display the volume and transactions of buyers and sellers at different price levels and time intervals.

They can help you see where the most trading activity occurs, where the market is balanced or imbalanced, where the market is likely to move or stall, etc. The volume profile is an advanced TradingView indicator that requires a premium subscription to use, so consider signing up for a free trial to test it out.

If you want to learn more about how to use order flow indicators on TradingView and how to interpret them effectively, you can check out these articles:

How to use TradingView – Bottom Line

TradingView is a versatile and powerful platform that can help you improve your trading performance and results. It offers a wide range of features and tools that can help you analyze any asset in any market. You can customize your charts, add indicators, use drawing tools, set up alerts, trade directly on the charts, and more.

In this TradingView tutorial, we have covered the basics of how to use TradingView for different purposes and styles of trading. However, there is much more to learn and explore on TradingView. You can check out our website for more tips, tutorials, and ideas.

If you want to start using TradingView today, you can sign up for a free trial using our affiliate link. You will get access to all the features and benefits of TradingView for 30 days without any risk or obligation. You can also upgrade to a paid plan for more features and benefits at any time.

FAQ

Is TradingView good for beginners?

TradingView is a great platform for beginners who want to learn how to analyze and trade the financial markets. TradingView offers a user-friendly interface, a wide range of features and tools, a supportive community, and a free plan that allows you to access most of the functionalities.

Can you use TradingView without a broker?

Yes, you can use TradingView without a broker if you just want to use it as a charting and analysis platform. You can access thousands of markets and assets, add indicators and drawing tools, set up alerts, and share your ideas with the TradingView community.

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