Business

TradingView- The Best Way To Trade From Charts

TradingView is cloud-based trading and social networking platform, having a 30M+ trader and investor community that charts, discuss, shares ideas, and trades in global markets. The online stock trading platform offers basic and advanced charting and analysis tools for both beginners and seasoned traders/investors.

The robust charts offered on the platform are customisable, giving users a smooth and informative charting experience. The online trading journey has thus been elevated by the charts offered on the platform. Let us understand what makes TradingView’s many charts strike the right chord with its many traders and investors.

How TradingView Charts Offer the Best Trading Experience?

The charts offered by the platform have raised the standard bar across the charting industry. Basic plus advanced charts for all users are available on the platform for conducting trading strategies and analysis.

The charting features offer trading information, say, the latest stock price, pattern analysis, or getting historical data of a particular stock and the like. This means traders can just log into the platform, choose a chart of their choice and undertake an analysis based on their defined trading criteria.

For instance, HTML5 charts help in simple charting for instant tracking of one or two stocks. Similarly, multiple charts are available for tracking stocks across multiple exchanges.

The platform offers 12 different types of customisable charts, including Renko and Kagi. Likewise, 8 charts are provided per tab in addition to features like synchronised symbols and intervals. You can even draw your own chart on the platform.

Key Features of TradingView Charts

  • The top toolbar has time frames, indicators, etc.
  • The left side is the main chart area, where all the tools and indicators are placed.
  • The bottom toolbar is for notes and testing. It also helps connect with a broker account on the platform.

How to Customise Charts

For customising charts, click on the Chart Settings tab. A few key options are mentioned below.

  • Template box helps to switch the chart theme.
  • Scales section helps you check the current stock price by ticking the System Last Value Label box.
  • Untick the System Last Value Label to get the stock price on the chart axis.
  • For redoing a new chart, right-click on the main chart area and select the Remove All Indicators or Remove All Drawing Tools options.
  • Reset chart feature helps you to reset the chart to the default size.

How to Use Dhan TradingView Charts?

  • Visit dhan.co
  • Go to TradingView
  • Click the “Select Layout” Tab.
  • Select the number of charts required.
  • Select the chart type.
  • Click on the chart name.
  • Select the scrip based on defined parameters.

To Sum Up

TradingView offers a wide array of chart customisation and tools on its platform. This ensures that its users have a smooth charting and trading experience.

Disclaimer: This blog is not to be construed as investment advice. Trading and investing in the securities market carries risk. Please do your due diligence or consult a trained financial professional before investing.

Also Read: 10 Best CAD Programmes

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