Get to know TradingView, the analysis tool for Bitcoin traders and other markets

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Important facts:
  • Tradingview is a social trading network that allows you to learn directly from experts.

  • Extended charts are one of the features that Tradingview is usually recognized by.

TradingView is basically a social trading network that provides a technical analysis platform in 7 different markets, including cryptocurrencies, under its four principles of creation, sharing, learning and collaboration. from training new operators to deploying trade advanced.

Thanks to that, TradingView has brought this about Social trading on a different level, allowing different users to comment and publish their own technical analysis – and other topics This improves the training of market participants through feedback.

The main feature of TradingView are the extended analysis diagrams. And not for nothing, because due to the versatility, the available indicators and the possibility to develop your own analysis scripts, this application is a very powerful tool for everyone Dealer.

Another important aspect is that TradingView works in freemium format, although many of its functions can be accessed with a free accountThere is an option to access additional options monthly with paid plans between $ 15 and $ 60, with the possibility of annual payments that offer an additional discount.

To know the plans, you can visit the following link. In TradingView you will find trading tools such as:

  • Advanced graphics: HTML5 based, so any compatible browser is smooth.
  • Indicators: They also offer the possibility of development Scripts – Or custom indicators – for more detailed market analysis.
  • Educational trading tools: As explanations and examples of how the different types of indicators or patterns work.
  • Training school: different in it Dealer Experts share knowledge about different concepts.

TradingView pillars

Creating, sharing, learning more and working together are the 4 pillars of TradingView. Source: TradingView

TradingView’s philosophy is to grow Dealer learn from others and thus improve the skills of market operators.

Everyone is based on that Social trading, as TradingView is a social network for market operators as described at the beginning. This is because creating and sharing content is very easy, regardless of whether you have a free or paid registration.

Share and analyze ideas on TradingView

The exchange pairs are segmented individually. Source: TradingView

Thanks to the type of content segmentation in TradingView, when exploring the markets you not only have purely technical aspects such as charts or indicators, but you can also get ideas and analysis from other users – sometimes much more experienced -. This will help improve decision making.

Another interesting feature, such as a good social network, TradingView, is that You have the option to follow the preferred operators or the most outstanding content creators As can be seen in the picture above, the main responsible for the BTC / USDT pair can be seen. From here you can also access the user profile, where you will find publications and other collaborations that have been carried out with the platform.

Public and private chat

In addition to the format of the exchange of ideas through publications, TradingView also offers public and private chat rooms, which are structured according to topics, either as a general market, for example cryptocurrencies, or as a specific couple such as BTCUSD. In this way, users can maintain direct and live communication with the community.

With the chats in TradingView you can communicate directly with the rest of the community. Source: trade view

To access the chats, simply place the corresponding symbols in the right side window. There, as you can see in the picture, the discussions begin and it is allowed to search for topics that are of interest in the area of ​​trade.

Available markets

There are 7 available markets within TradingView:

  • Cryptocurrencies.
  • Currencies (forex).
  • Actions
  • Indices.
  • Futures
  • CFD.
  • Bonds.

The same format is maintained in every market: you have the ability to analyze ideas and share them with other users to improve growth as a trading company and decision-making. Where with all the features of the technical analysis such as graphics, indicators and others.

Technical analysis graphics system

TradingView offers charts with advanced technical analysis. Source: TradingView

As mentioned earlier, charts are the main aspect of TradingView, not only to provide advanced analysis tools to users, but also because they are usually found in many places. For example the Bitrex portal, in which every graph of each exchange pair is provided directly by Tradingview. This is also thanks to the fact that TradingView offers developers an open source library for the use of light graphics.

As you can see in the picture, the following groups are summarized: graphic, indicators, watch list, current price and news related to the stock exchange pair, the latter being very important for fundamental analysis.

Something interesting that can be found in the graphics area is the button Publish From here, users can share the chart they’re working on and their analysis on their bulletin board – and in the ideas area of ​​the traded couple. This makes it easy to analyze this observation with the help of other users. It is also striking that users can publish both an image and a recording of Video, which sometimes makes communication easier.

On the other hand, TradingView has unfortunately not yet been able to operate directly from the portal. This means that users have to use two platforms, one for analysis and the agency to place the order. Since it only has the integration of an exclusive broker for forex and none for the cryptocurrency area.

Indicators and scripts

In TradingView you will find a variety of indicators of various types with the interesting idea of that you can learn, collaborate and create scripts that are modified indicators for the entire Tradingview community.

TradingView has its own script area where marketing publications are shared. Source: TradingView

When accessing the section of an indicator from the tab script In the main menu you can see that it is divided into 3 different sections:

  • Trading ideas: It contains all publications on this indicator as well as the list of main authors and a brief explanation of the indicator.
  • Educational ideas: This includes topics related to user training and education, especially to help the user understand how to use this indicator. These ideas are written directly by administrators or certified users.
  • Scripts: Here you will find the publications of the users on the personalized changes to the indicator directly from the internal programming language of TradingView Pine Script. It is also interesting that from the explanation field when clicking on Get more information It will be possible to find the source code (directly in Pine Script) of the operation of the indicator in addition to the description itself and other referencing informationthat users can copy and modify when it is available to them.

Pine Script is the programming language TradingView

It is normal for you to work with predefined values ​​when using an indicator in a chart. Some may allow you to change the indicator’s own variables, but nothing more. However, TradingView goes a lot further and provides its own programming language, which is based on JavaScript and has a very fast learning curve, with which you can change even the smallest details of how an indicator works.

Users can configure their own Pine Script to create standard analysis routines. Source: TradingView

To make learning easier, TradingView offers a complete reference guide for using Pine Script.

This is clearly an advantage since facilitates the creation of analysis routines that an operator would normally run manuallyand blame everything for a personalized script that would make their lives easier.

In terms of accessing the code editor, all you have to do is go to the graphics window, and you’ll find the option below Publisher Pine.

TradingView education

First of all, it should be noted that TradingView training is collective and mainly based on feedback. It is basically learning and teaching.

You can use the ideas window to access several topics, from pattern analysis to Beyond technical analysisHere, macroeconomics, trade psychology and risk management are based on topics. This section maintains the same concept of publications shared by other users and publications created directly by certified users with extensive experience in the field.

The discussion categories in TradingView are numerous and cover everything that has to do with the area of ​​trading. Source: TradingView

Within this topic, in addition to technical analysis, you can even get scripts like the one in the previous image, which are based on fundamental analysis and help improve the way observations are made and consequently improve decision making.

Webmaster widgets and intelligent analysis tools

What has highlighted TradingView to a great extent is the public bookstore, which has done so a series of completely free widgets with different types of analysis or information. These enable web creators to provide their portals with useful information. without wasting loading time – since they are based on HTML5 and are very light – and save development time.

The platform is popular thanks to its market widgets that can be used by web content creators. Source: TradingView

Among the Widgets Are available:

  • Extended real-time diagrams of a large number of exchange pairs in the cryptocurrency market.
  • Technical analysis.
  • Market overview.
  • Market data.
  • Mini application of symbols.

The full list of available widgets can be found at the following link.

Along with the development of widgets and one of the latest features that TradingView has taken on, hand in hand with the revolution of what the BigData and the development of artificial intelligence are market analyzers that enable the operator to improve decision-making in new ways.

TradingView has analysis devices for the cryptocurrency, forex and stock market. Source: TradingView

This analyzer collects various sources of information and offers investment alternatives for every operator. Currently TradingView has analyzers for the markets: cryptocurrencies, forex and stocks.

Where can I find TradingView?

First of all, you need to know that TradingView is an online platform that is managed directly from the web browser without any kind of download. All it requires is that the browser be updated and compatible with the HTML5 version.

TradingView also offers applications for Android and iOS mobile devices that you can download directly from the relevant stores.

Conclusions

It is normal for TradingView to be known primarily as a charting platform, a reputation that is well deserved thanks to its public chart library, which makes it very common to find a chart with the ‘by TradingView’ watermark. But this platform goes much further, as was well described in the article, and that’s it the format of social trade and community learning creates a conducive space for improvement and trade operators and for the further development of technical analysis.

This first installment only describes what TradingView is. The following article explains how you can use it, from registering to publishing and commenting on content on the platform.

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