How to find accurate analysts on TradingViewHey everyone! 👋
Last week, we put out a post about some of the authors that are gaining momentum on our platform, which led to lots of great feedback from the community. And, while we plan on releasing those “compilation” lists on a monthly basis going forward, we thought it would be nice to highlight other ways you can find insightful / skilled authors who are trading the same things you’re trading.
Let’s jump in.
Step 1 : Open a chart of whatever you like to trade.
This can be any asset, on any timeframe higher than 15 minutes - we don’t allow people to post on timeframes lower than 15 minutes.
Step 2 : Enable Visible Community Ideas
Head to the right rail, and make sure you’ve selected the idea stream tab. This is the shaking lightbulb icon. From this menu, select the lightbulb at the top. This will make all of the ideas published for your symbol and timeframe appear on your chart! If you don’t see anything, try going to a more ‘common’ symbol or timeframe. Check out the daily chart for AAPL or BTCUSD.
Step 3 : Who nailed the tops and bottoms?
With the visual interpretation of the long and short idea callouts, it should be easy to spot who’s been doing a good job of figuring out what's going to happen next. Who was first to the big run? Who was right to take some profits?
Once you’ve found someone who seems to do a good job at this, it's absolutely crucual to see how their other ideas have done! Be sure to go to their profile and check to see if most of their ideas have been accurate, or if they got lucky with one real winner.
Step 4 : Follow them!
This is a really easy way to build up high quality information flow, and buttress your process of idea generation. Even if the poster doesn't do a good job of trading their own ideas, there could still be an advantage in it for someone with good trading practices. A highly curated stream of follows can actually be a source of significant alpha!
Bonus Step 5 : Clean up your idea stream.
One thing you can also do is limit the visible ideas on your chart to people you follow. This should make it entirely obvious if someone you’re following is constantly wrong. If so, you can remove them easily from your idea generation feed by unfollowing them. Make the idea feed work for you, not overwhelm you!
See you all next week :)
-Team TradingView
TradingView Tips
Techniques For Getting Better Prices 🎯Hey everyone! 👋
Last week, we posted an idea about the three main order types that market participants use: Market orders, Limit orders, and Stop orders.
This week, we thought we’d take it a step further, and discuss some of the more advanced techniques that professional traders use to get better prices, using those three order types. 🎯
Technique 1: Use Limit-Thru orders instead of Market orders 📈
This is a popular technique among traders in nearly all scenarios. If you’re looking to “take” liquidity (you’re the aggressor in the trade), using a Limit-thru order is almost always a better option than using a Market order. Limit-thru orders are so-named because they are Limit orders - “I would like to purchase shares at this price and no worse” - but the aforementioned price is above the best offer.
For example, Let’s look at AAPL again. Let’s say the stock is bid at $175.01 and offered at $175.03. A buy Limit-thru order could be priced at $175.05. A Limit order like this is “thru” the price of the best offer, and is thus “marketable”.
The reason that Limit-thru orders are often better than market orders is because of market microstructure.
If you place the Limit-thru order as described above, then you might not get a full fill, but you won’t pay drastically more than you expected. With a market order, the market maker might fill you on your first set of 100 shares, and then move up offers on other exchanges where you get the rest of your fills.
The BATS exchange is closer to Manhattan than the NY4 datacenter, which houses a lot of the bigger exchange servers. This means that your order may hit BATS before the other exchanges. If a market maker knows that there is buying interest in something, they will fill the first 100 shares of something, then out-run your order to other exchanges that have more liquidity and potentially move up their offers, getting you a worse price.
This doesn’t always happen, but the way the markets are set up allows for antics like this. Pros will often use Limit-thru orders (where the order price is offer+0.02c, for example) to sidestep these issues. The same is true when reversed for selling assets.
Technique 2: Work your orders. 💪
Fun Fact: The Orderbook you see may not be the real Orderbook. It’s true!
When it comes to the market for any given security, there are two types of limit orders: “Lit” orders, and “Dark” orders. When looking at the depth of market, you are only seeing some of the picture!
Sometimes, there will be hidden orders in between the price you want and the price that’s shown. By placing your order within the spread, it’s possible to get better prices than you would have otherwise from dark orders / pegs / etc.
Additionally, if you place your order in between the spread, you become the new best price on your side. This may encourage someone looking to take the opposite side of the trade to come and meet you where you are. This is especially true in options markets where spreads are often wide and slow moving. Working your orders (posting them, and moving them around) will almost certainly get you better fills than hitting the best posted price on the other side of the trade.
Just make sure you don’t miss the move while waiting to get filled!
Technique 3: Use the Orderbook to your advantage. 🧾
It’s rare when it happens, but occasionally non-sophisticated market participants will “show their hand” in the market. This typically involves one large lit limit order that sticks out like a sore thumb in an orderbook. If this person begins to signal aggression, you might be able to score an awesome price on the assets you’re looking for.
For example: Let’s say that you’re looking to buy some AAPL stock, and you pull up the orderbook (depth of market). From here, you can see that there’s a massive sell limit order that is slowly moving it’s price lower and lower in an attempt to get filled. This kind of obvious sell pressure can lead to a significant price move as the market front runs all of the liquidity the whale is looking for. This may continue for some time until the whale starts getting paid. When this happens, the stock has likely found a local area of demand, which is probably a much better price than what you were expecting when you pulled up the order ticket. Bottom line, it can make sense to take advantage of these situations if you see them before sending out orders.
That’s it! Some tips and tricks for getting better prices using orders and the orderbook.
-Team TradingView 💘
If you missed it, this was the beginner idea from last week:
How Different Order Types WorkHey everyone! 👋
Today we wanted to take a look at the 3 main order types that exist when it comes to interacting with the markets, and explain a bit more about what they do, and when they are useful.
Sound good? Let’s jump in! 🚀
Before we talk about the different order types that you might see when you place a trade through TradingView’s platform, it’s important to understand how almost all markets work in the first place.
When it comes to any market, at any time, there is a “BEST BID”, and a “BEST ASK”. 🔢
The BEST BID is the highest price that someone is willing to pay for a given asset, and the BEST ASK is the lowest price that someone is willing to sell a given asset for.
Let’s think about that again. When it comes to stocks, for example, your broker will present you with a consolidated marketplace of orders (orderbook) for a given stock. Let’s say you’re in the market for some Apple shares. You can see that the stock is “trading at” $175.50. What does that mean?
It means that the lowest price that someone is willing to sell their Apple shares might be around $175.52, and the highest price that someone is willing to pay for Apple shares might be around $175.49. 💹
How are these market participants making their intentions known? By placing LIMIT ORDERS. ⌛
1.) A LIMIT ORDER is a type of order that you send to the trading venue when you’d like to buy or sell something at a certain price.
In the Apple example above, let’s say that you’d like to buy some Apple, but you don’t want to pay a penny more than $175.25. When you enter this order and click “send”, your order goes to the venue, and JOINS the orderbook, at the price of $175.25. You are now “LIVE” and in the market. Your broker will deduct the cash it would require to fulfill that order from your buying power while your order is live.
Next question: If people have their limit orders out in the order book, how would price ever work its way down to you? 🔽
There are a couple ways, but one of them is most common: MARKET ORDERS ⌚
2.) A MARKET ORDER is an order that is sent to the market and immediately takes action to buy or sell an asset at whatever the prevailing prices are.
Lots of people use market orders because they virtually guarantee that you will get the resulting position you want, instantly. The downside is that once you send a market order, you can’t control the price you get. Prices may change in an instant, and you may end up with a position at a price that you no longer want.
Back to our example: if you’re waiting to get filled with your order in AAPL, buying shares at $175.25, then whoever pays you will be crossing the spread, probably with a market order. 💵
Let’s assume that you get filled by buying shares in AAPL at $175.25, and you’d like to get out of your position if the stock trades under $175. In this case, you’d use a STOP ORDER. 🛑
3.) STOP ORDERS are orders that you send to the market that live on Nasdaq/NYSE servers. They have a trigger price, and once the trigger price is hit, they execute a Limit Order or a Market Order based on your inputs. These are STOP LIMIT ORDERS, and STOP MARKET ORDERS.
This sounds complicated, but it’s more simple than it sounds.
Again; back to our example. Let’s say that you get filled on your buy in AAPL at 175.25, but then your stop order gets hit at 174.99 (you wanted to get out if the stock went under 175).
If the stop order is a market order, you will get hit out of your position, no matter the price. Simple as that! ✅
Next week, we will be covering some of the order techniques that professional traders use to get better prices. 🦾
Stay safe out there!
-Team TradingView 👀
How To Find New Stocks To TradeHey Everyone! 👋
Ever get tired of looking at the same tickers? Looking to learn about different sectors of the economy? Want to broaden the number of assets you trade?
Check out our Sparks .
We created Sparks to quickly inspire you to dig deeper, to find new and interesting opportunities in markets. Sparks are curated watchlists built around interesting themes.
Here are a few examples:
AI Stocks : For when you want to bet on the rise of the machines 🤖
Legacy stocks : Companies that have been owned by the same family for generations ⌛
The Death Industry : Someone has to make money on coffins, right? 💀
Space Stocks : For when you want your portfolio to blast off into zero G. 🚀
Check them out and then let us know what your favorite Spark is by sharing a link in the comments below! Three lucky people will win some special prizes including 1 year of Premium, 1 year of Pro+, and 1 year of Pro. Bonus points (a chance to win a TradingView mug) if you add a quick summary of why that spark is your favorite.
Drawing ends at Noon EST, this Wednesday. Good luck to all! 😎
-Team TradingView
All The New Tools and Features We Built For YouAs the New Year kicks off, let’s take a moment to remember the basics: ✅ never trade or invest blindly, 🧐 always do your research, and patience is king ⌚.
In our last update of the year, we want to share all of the new features we launched over the last 12 months! 🎉🎉 We also want to thank each and every one of you who have helped to make this platform better with your constant awesome feedback. We're always listening and improving our platform so you can perform your best research.
Look first. Then leap.
Now, let's get right to it - here are all of the new features and tools we launched:
Introducing Quick Search 🔍
Quick Search makes finding drawing tools and chart functions a breeze. Type in a keyword and then select the tool you need. For example, try searching “Trend” or “Price” to see all the tools and functions related to these two words - try Quick Search
Desktop 1.0 Has Arrived 🖥️
Our Desktop app has all the functionality of our flagship web product, but also includes added features like tab management, tab linking, and special Tokyo Night colors - get it here
Pine Script’s Epic Year 🌲
We rolled out more improvements to Pine than ever, among them Pine Script v5 , interactive inputs , tables , and the ability to edit your code in a separate window . And finally, our thriving community of script authors has published 10,000+ new, free Community Scripts during the year! - see every Pine update
Mobile App Upgrades 📲
This year, we launched new mobile features for alert management, market news, widgets, watchlists, and tons of performance upgrades - get our free Android and iOS apps.
Spark Your Research 🔥
We continue to improve Watchlists so you’re always informed about your favorite symbols. We launched Sparks , Timelines & Snaps , and the ability to share your Watchlist with friends.
More Brokers, Exchanges, and Data 🏦
We partnered with 10+ new brokerages including Tiger Brokers, Bitstamp, SaxoBank, easyMarkets, Tickmill. We added new data sources spanning DeFi, DEXs, macroeconomics, and more. And we’re celebrating our best partners with our second annual Broker Awards !
What else did we do this year? Here's a full list of new features: ✅☑️
- New chart features - 📈
Add tweets to the chart
VWAP alerts
Customize indicator visibility
Customize object visibility
Emojis on the chart
Multiselect alerts
Custom price labels
Technical Ratings
Change color of multiple tools at once
- Pine Script Features - 🌲
Pine Script v5
Make your own drawing tool
Alerts with dynamic messages
Pine Tables
More color in Pine
New Pine math functions
- TradingView Desktop - 🖥️
TradingView on Linux
M1 Chips
- Watchlist Improvements - 📃
Introducing Sparks
Advanced View Watchlists
Customize Watchlist column width
Improved live streaming tools
Share Watchlists
Timelines & Snaps
- Other Exciting Achievements - 🤌
First Bitcoin chart in space
#1 Finance Site
Rebrand & new logo!
Spotify Playlist
TradingView is now even safer
Advanced privacy settings
The first-ever Broker awards (second one on the way!)
- More Brokers and Broker Integrations - 🏦
Welcome Saxo!
Welcome Exmo!
Welcome Bitstamp!
Welcome Optimus Futures!
Welcome easyMarkets!
Welcome Bingbon!
Welcome CurrencyCom!
Oanda in Europe!
Welcome TimeX
Welcome CapitalCom!
Welcome Chaka!
Welcome Global Prime!
Welcome Tickmill!
Welcome Tiger!
- More Data and Partnerships - 🔢
More historical data for everyone
More DeFi data
FRED data comes to TradingView
New DeFi exchanges
Matba rofex data
Nordic data
DEX data from Sushiswap, Honeyswap, and more
Glassnode data
Thanks for reading! We have more planned in 2022 and we can't wait to show you what else we're working on. See you soon!
- The TradingView Team
The Top 3 Elements Found In All Good Trading PlansHey everyone! 👋
This month, in preparation for the new year, we have been theming our posts around the concept of building a solid trading plan. Our first post asked you to think about the kinds of factors that can predict long term success. Our second post looked at why trading plans are so important. Both of these posts you can find linked at the end 👇
Having talked about the *what* and the *why*, it’s time to talk about the *how*.
Today we will be taking a look at the top 3 elements found in all good trading plans!
1️⃣ Element 1: Every good trading plan knows why it wins.
In trading, there are two variables that matter: Bat Rate, and Win / Loss.
► Bat Rate describes what percentage of the time a trade ends up as a win. A trader with a 90% bat rate wins 9 out of every 10 trades.
► Win / Loss describes how big the average win is, relative to the average loss. A trader with a 0.5 Win / Loss takes losses twice the size of his wins.
If you multiply these numbers together, you will get an “Expected Value”.
For example, a trader with a Bat Rate of 50% (wins half of the time) and a Win / Loss of 1 (Losses the same size as wins) is a perfectly “Breakeven” trader.
In order to make money in the long term, all you need to do is make the multiplication of these values be a positive value. The breakeven trader above only needs to win 51% of trades to begin making money, if his W/L remains constant.
☝🏽To get these numbers into positive “expected value” territory, every good trading plan needs to devise a way to systematically find trading opportunities that it thinks have an edge. The inputs of this system are completely up to the trader, but they are typically rooted in repeating price patterns, fundamental observations, macro trends, or other patterns and cycles. Backtesting can be useful here for getting a general idea of whether or not an idea for a trading strategy has borne out to be true over time.
In short, no matter what it looks like, good trading plans identify their edge before risking capital. Why start a business without a business plan?
2️⃣ Element 2: Every good trading plan takes into account the emotional character of the trader.
This is the hardest element to quantify, but also arguably one of the most important pieces of a good written trading plan - the ability to work around a trader’s individual strengths and weaknesses. This is less important for banks and hedge funds, as decisions are typically made with oversight, but for retail traders, there is no-one around to temper your personal flaws.
You can do whatever you want! - but it’s a double edged sword of responsibility that your trading plan needs to prepare you for.
In short, you can best get an idea of where you are emotionally weakest by looking at your trading history. Nobody can do this for you, so it requires quite a bit of self-awareness. However, the rewards of removing emotional risk from a trading plan make it worth the effort.
😱 All trading is based on fear. You need to understand which fear is stronger - the fear of missing out, or the fear of losing capital. Figure out which is stronger, and plan accordingly.
Just because you understand a certain strategy and other people make money trading it, doesn’t mean that you will be able to. Executing with 100% consistency at 30% efficiency is more important than finding a strategy with 100% efficiency that you can only trade with 10% consistency. Make life easy on yourself!
3️⃣ Element 3: Every good trading plan outlines risk.
Whether you have one thousand dollars or one billion dollars, ignoring risk is a sure way to experience massively increased monetary and emotional volatility, which can have a huge negative impact on long term profitability. Here are a few simple-to-implement mechanisms that Banks, Hedge Funds, and Prop Firms use to reduce risk significantly - good trading plans don’t skip these.
💵 Total Account Stop
Exactly what it sounds like: once you lose a certain percentage of your capital, you stop trading, liquidate your positions, and assess what went wrong. Only once you’re satisfied that you have fixed the issue are you allowed to re-enter the market. In the industry, this number is commonly 10%.
💵 Per Theme Risk
This ensures that you aren’t too concentrated on a single “bet”, even if the bet is spread across multiple instruments. For example, if you own multiple companies in the same sector, their performance will likely be correlated to some degree even if they have different products or services. Adding a hard cap to this type of risk can massively reduce risky or over concentrated allocations.
💵 Per Position Risk
Many successful Professional Traders and Hedge Funds use the concept of “Free Capital” in order to manage risk. “Free Capital” is the amount of money in hard dollars that makes up the buffer between an account’s current equity, and the total account stop number.
For example, If a currency trader at a bank has a 10% total account stop out, and runs a $10,000,000 currency book, then he can really only “lose” $1,000,000 before his bosses pull him aside to have a talk. His “Free Capital” is $1,000,000. He will then size his positions to where he only risks 1-5% of his Free Capital per trade. This way, he has room to be wrong a minimum of 20 times in a row before any negative consequences come his way. Implementing a “free capital” risk limit per position ensures that you have a TON of room for error.
Yes, this typically prevents you from doubling your account overnight, but again, that isn’t the goal. Long term profitability is.
Some people call this per position risk “one R” (one risk unit).
☝🏽Whatever it looks like, including a plan for managing your risk is essential for *actually* managing your risk. If these plans aren’t written out and acted upon, they’re also a lot easier to ignore.
🙏🏽 Thanks for reading; we are looking forward to making 2022 a record setting year with you. 📈
If you got something out of this, make sure to share it with a friend, so they can also go into 2022 a better trader! 🍀
- The TradingView Team ❤️❤️
Would You Stake Yourself?Hey everyone! 👋
This month, in preparation for the new year, we will be continuing to theme our posts around the concept of building a solid trading plan.
Last week, we took a look at a hypothetical scenario, where a rich acquaintance of yours needed help deciding between two traders he's thinking about staking. This led to the question: "Who would you stake?".
This post will continue right where that one left off.
-
After getting the contact info, you reach out to interview the two traders.
You speak with Trader #1, and he appears to be quite intelligent, with wide and deep market knowledge. He’s shown you a few market predictions that he’s already gotten correct, and walks you through how he finds opportunities. You’re impressed.
You speak with Trader #2, and he also appears to be quite intelligent, with broad market knowledge, in addition to a history of profitable investment / trade ideas. He walks you through how he finds opportunities, and, similar to Trader #1, you’re quite impressed. In addition, he also presents you with written details about how he plans to manage risk, his maximum drawdown, and a whole litany of other clearly defined rules that keep risk under control and quality trade ideas coming.
Assuming we are still in the position of choosing which trader to stake, most, if not all, individuals in this situation would pick Trader #2 because of his attention to preparation and risk control, in addition to having a ‘business plan’. Trader #1 may be smart and highly capable, but he’s shown no evidence that he has a process to continually generate good trade ideas, while ensuring that he doesn’t lose everything. Trader #2 has “done the work”, and proven that he’s worthy of the capital.
-
Whether they know it or not, anyone who manages their own money is constantly faced with the same decision. If you step outside of yourself, are you more like trader #1 or #2? Is your trading plan worthy of investment? Would you invest in someone else who’s taken the same trades that you have? Does that person have a plan? Have they “done the work”?
Keeping yourself honest about what is working and what isn't is a superpower!
Hopefully this emphasizes the importance of building a trading plan. Next week we will take a look at what factors are typically needed in order to build an effective one.
If you’re not like Trader #2, comment below about the steps you’re taking to become better prepared for what the market throws at you!
2022 approaches. Let's crush it together.
-Team TradingView
If you missed last week’s post, you can catch up here:
Who Would You Stake?Hey everyone! 👋
This month, in preperation for the new year, we will be theming our posts around the concept of building a solid trading plan!
Later posts in December will look at the key elements involved in building a rock-solid game plan, but today, to introduce the concepts in a fun way, we will be looking at a completely hypothetical situation.
-
Let’s say that you’re walking down the street, and a stranger approaches you with a business proposal; he’s recently sold his business, and come into a significant amount of capital - $10,000,000. Additionally, word of the sale has gotten to two separate aspiring traders, who have approached him asking him if they can manage his money in return for a fee.
The stranger has heard from a family friend that you’re interested in trading, and he wants your help in picking out which trader to invest the money in. In return for your help, He’s going to split the profits he makes 50-50 with you.
Obviously, it’s in your best interest to help him make a decision that will make the most money for the longest period of time, with the least amount of risk.
The stranger then pulls out contact information for both traders, and asks you to interview them separately.
-
Here's our question to you: if you only get to ask the traders three questions to gauge their likely future performance, what would you ask them? What questions dive to the heart of risk, reward, and sustainability?
We look forward to your replies, and in next week's post, we will begin looking at how some of the likely responses can go towards building out a consistent, profitable process!
- Team TradingView
What Did You Learn About Trading This Year?Let’s face it, 2021 has been a crazy year. Between the meme stock mania, the exponential growth of cryptocurrencies, and the NFT flipping craze we have seen over the last few months, it’s been a year of unprecedented moves. And, when unexpected things happen, everyone tends to learn new things - about risk, about themselves, and about the world around them.
To celebrate our awesome community (which has also grown exponentially this year!) we’re giving 5 people who enter the contest below the chance to win hyper-exclusive prints we commissioned from British artist Gordon Ellis-Brown.
All you have to do to enter our randomized draw is comment below with the biggest lesson you learned this year, and how you plan on using it to improve your trading in 2022.
Entries will close Tuesday, November 30th at 10am ET, and the winners will be announced shortly thereafter.
If you follow our social channels, you will have no doubt seen us giving these prints away all last week as a way of celebrating our Black Friday and Cyber Monday sales, but we also want to make sure that everyone here has a chance to win.
Good luck to everyone, and thank you all for making this community so special; it wouldn’t be the same without you :)
-Team TradingView
Three Ways To Master AlertsHey Everyone! 👋
We hope you’re enjoying Black Friday week, and have helped yourself to some of the great discounts we are offering over the next few days. We only do this once a year, so it really is the best time to get a plan!
Now, let’s jump into today’s topic: Alerts.
While alerts have a ton of potential applications when it comes to trading, they are often underutilized because it can take some time and ingenuity to build a system where they can work well. Let’s get started:
1. They can help build good habits 💪
Stop us if this sounds familiar: you hear an awesome investment story, and then immediately go out on the market and purchase the asset, with no plan in place.
While this can work, it’s not a great strategy for long term success, because in reality it can be extremely hard to sit in that position without a plan and trade it efficiently. You may choose to exit the position based on nothing more than momentary greed or fear, and moves like that can prevent consistency and long term profitability.
Alerts are great because they can take out the guesswork of entering and exiting a position. Simply set alerts for the prices you would like, then place a trade if, and only if, the conditions are met. Then, let the market do its thing, and let the probabilities work in your favor.
Alerts can turn the experience of trading from a constant search for ideas - and always feeling behind - into a relaxing job of waiting for your own pre-approved conditions to trigger before taking action. In short, alerts can make you much more well prepared for the market’s ups and downs.
2. They increase freedom and reduce anxiety 🧘
There is a well known maxim in trading and in life that states that negative emotions are felt twice as strongly as positive emotions. This factoid has lots of applications, but it can be especially useful to understand as a trader.
Consider the following investors:
A dentist who checks quarterly reports from his brokerage
A position trader who checks his positions once a month
A swing trader who checks his positions once a week
A Day trader who checks his positions once a day, if not more
Given the natural volatility that markets experience, which market participant is least likely to be mad or upset? The dentist. Why? Because he is receiving less data points from the market. Even world class day traders are exposed to tens or hundreds of negative situations in their positions on a day to day basis as a result of volatility, which they cannot control. This level of negative stimulation can reduce mental health and trading effectiveness.
Alerts allow well prepared traders with some edge to step back from the markets and allow the trades to come to them.
3. Our alerts don’t let anything fall through the cracks ✅
While the previous two points are benefits when it comes to price alerts, our alerts also step the game up considerably when it comes to user utility. Once you have setups that you like to trade, you can set alerts on trendlines, technical indicators, customizable scripts, and so much more, so you can ensure that your favorite setups aren’t being missed.
This can be as simple as a long term investor setting RSI alerts on Dow 30 stocks, in order to buy dips in strong names, to as complex as an intraday futures spread scalper setting alerts for pricing inefficiencies within his top 40 contracts.
Our customizable alerts can really allow well organized traders to capture every opportunity as they see fit.
Thanks for reading, and stay well!
TradingView Team
Tips For Securing Your TradingView ProfileSecurity and privacy are incredibly important to us. We have an entire team dedicated to it! We want all members to be absolutely confident that they have the tools they need to ensure their accounts are secure, safe, and protected. Let's get started.
The Obvious Tips
Don't use the same password everywhere or else one breach could expose all accounts. Make sure your passwords are unique and not easy to guess. Make sure to use strong passwords and special characters like @ # ! / < ? % when possible.
Don't fall for scams! Always double and triple check links that you click. Don't give out your log in credentials to anyone. One helpful tip is to make sure you have the official www.TradingView.com homepage bookmarked on your browser. You'll also want to ensure you have the TradingView mobile apps on iOS or Android. Don't download imitators! Only use the official TradingView.com platform and apps.
The Tools Available To You
All TradingView members have access to individual security features within their Profile Settings . Head to your Profile Settings page to get started. Once you've made it to your Profile Settings, click the Privacy and Security tab . From here you can manage the full security of your account including several unique features:
• Enable Two-Factor Authentication
• Review linked social accounts
• Check sessions and logged in history
• Log out of individual devices
• Log out of all devices
• Disable/Enable chat
• Ignore users
• Complete control of your profile, how it looks and the information shown
For those interested in managing their individual trader Profile , we have tools that let you quickly change your profile picture, connected social media accounts, about & bio, location, and an entire notification suite for on platform notifications and email notifications.
Bonus Tips!
Two factor authentication is a must-have for those interested in the ultimate level of security. It means you can use a second device, like your phone, or an authentication app to confirm every log in.
If you're looking to learn more about all of the security features available to you, check out our Help Center. For example, this post explains more common tips to securing your account ! There's even more within our Help Center , which is free for everyone to learn more about markets and TradingView.
Thanks for reading!
- Team TradingView
How To Create High Quality Trade IdeasThis week, we will be taking a look at the ingredients that go into creating and posting high quality trade ideas.
While many think that a good trade idea begins and ends with finding a high probability chart setup in a liquid, volatile asset, the *best* trade ideas often combine multiple disciplines - which could include macroeconomic analysis, fundamental analysis , and technical analysis , or some combination therein - into one cohesive unit. Getting in the habit of incorporating all of these factors into your thought process can lead to much higher quality setups, whether or not you choose to share them with the community.
Let’s jump in!
There are a couple questions that you should ask yourself when trying to come up with high quality ideas, and they boil down to the familiar five:
Who, What, Where, When, and Why.
Let's start with Who.
Who --
Who is this trade idea meant for? When posting a trade idea, don’t assume that the idea is one-size fits all. The most obvious way TradingView helps in this regard is by categorizing posts by asset class, so FX traders are looking mostly at FX ideas, and crypto investors aren’t constantly exposed to commodity futures spreads. However, there are more subtle ways this happens as well. Different traders and investors often have different styles of trading, and so even within a single asset class, a long term investment idea may not be applicable to a short term trader. When creating a trade idea, it may make sense to identify to readers (and yourself) who this idea is for, and within what strategy it might best fit.
What --
Most ideas do a great job at answering this question! It’s very simple: at its most core, what does this idea want to do? Whether that idea boils down to shorting the stock market or building a long/short cryptocurrency spread, make sure that your idea clearly identifies what the core thrust of the trade is.
Why --
This is the crux of any good trade idea. Why should someone commit capital and risk money according to your vision? It is common for traders, especially new traders, to think that answering this question comes down to building up a confluence of price patterns, indicators, and chart drawings until they line up and it is all systems go. In some cases, this serves as a reasonable answer to the “why” question - especially when assets have strong momentum.
However, oftentimes this approach may not go deep enough. What if the long technical setup on your chart is in a stock where the company’s business outlook is worsening? What if the descending triangle you’re looking at trading occurs within a larger bull market? This is where incorporating multiple disciplines, whether it’s fundamental analysis or macroeconomic understanding, can improve the quality of your trade ideas. Understanding some of the context surrounding the asset you’re trading can serve to layer probability in your favor.
Here’s the bottom line: the current price in any market is a reflection of the consensus view of the future. It’s important to illustrate *why* that pricing might be materially incorrect.
Where / When --
It’s important to illustrate why *right now* is the right time to act on the idea, and this is where technicals can come in very handy. Broadly speaking, fundamental data on most assets only comes out once every couple weeks, if that. It’s even longer between fundamental data releases for stocks. Because of this, utilizing price patterns, indicators, candlestick charting and other technical analysis can be extremely helpful in defining risk, pinpointing entries, and trading more efficiently overall.
This is also where clean charting comes in. It’s important to identify how trader positioning, supply and demand zones, and other factors (that technicals help illustrate) affect the timing and risk of the idea. In addition, when publishing an idea on TradingView, the chart is one of the most visible and prevalent ways of communicating this information. Making these items clearly defined can significantly improve the quality of a trading idea and ensure clear communication of the important information.
So there you have it - the key questions that are at the core of any good trading idea! We look forward to seeing how this framework is incorporated into future posts.
If you think you have what it takes to create a high quality trade idea, then post it below!
Additionally, if you’d like to submit your trade ideas for consideration by the editorial team for the Editor’s Picks section, simply post them in this chat: www.tradingview.com
Cheers!
-Team TradingView
Learn more about TradingView coinsHave you ever wanted to show your appreciation for an idea but felt that hitting the like button was just not enough?
TradingView coins are a great way to show other users that you appreciate them!
What are TradingView coins?
TradingView coins are the site's internal currency. 1 coin is equal to $0.01 USD
How can you get them?
Refer a friend : When you refer a friend to TradingView, you both will get TradingView coins after they upgrade to one of our paid plans.
Receive donations from other users: TradingView users can give coins for great content, to say thank you, if they're feeling generous, or for any other reason.
Buy Coins: You can buy coins in batches of 500, 1,000, or 5,000. This can be done by opening the user menu and choosing "Coins".
(Your current coin balance, donation history and other coin info is also shown here)
Great! Now that you have your TradingView Coin treasure, how can you use it?
Cheer someone : Cheer is a great way to show your support for users that you like.
The size of your coin sending is fixed on our site with the following values: 100, 200, 350, or 500 coins. These values are equivalent to $1, $2, $3.50, and $5 USD. This feature is available for all users.
Cheer an idea by using the "Comment with a cheer" button to send your message with some TradingView coins
Cheer a user from their profile by selecting "Cheer" in the upper corner of their profile page.
Purchase a paid plan : You can spend TradingView Coins on either our 1 month or 1 year paid plans. For example, 3000 coins is access up to 1 month of our PRO+ plan, one of our most popular options.
Note that if you already have an active plan, you can add a month or a year of the same type with coins. Upgrades for coins are not supported.
TradingView Coin Pro-Tip
TradingView moderators, managers and staff give coins for ideas chosen as Editor's Picks, great scripts, ideas and other exceptional content all the time.
They can be identified by the TradingView logo badge or "Mod" badge next to their name.
Learn more about TradingView coins in our Help Center .
How To Use Financial Ratios To Make Better DecisionsFinancial Ratios help you evaluate a company. Most financial ratios will show you how much money you're paying for a specific piece of the business. Let us give a few examples:
Price-to-Sales Ratio = Market Cap / Sales
The Price-To-Sales ratio or PS ratio tells you how expensive a company is relative to its total sales. The formula is calculated in two different ways: divide the company's market capitalization by its revenue or divide the current stock price by revenue-per-share. Because this ratio is being calculated with live price information, you can also watch it in real-time on the chart as we've shown in this example above.
If a company has a market cap of $10 billion and revenue of $1 billion, well that, that implies a PS ratio of 10. You're paying $10 for every $1 in sales. You can do ratios like this for all aspects of the company. For example, PE ratio or Price-To-Earnings ratio measures the Market Cap / Earnings. This tells you how much you're paying for every dollar of earnings.
Keep in mind that Financial Ratios are not perfect. They are also not a buy or sell recommendation. Instead they are shortcuts, ways to quickly evaluate a company, compare its underlying fundamentals, and study that company relative to other companies. You also must remember that financial metrics can change quickly with a single earnings report. A company's future expectations are also just as important. A company like Apple might have a high PE ratio, but if they're building and growing revenue into the future, their PE ratio could come down over time.
Remember, Financial Ratios and Financial metrics in general paint a picture of the underlying business and its earnings potential. Here are some other resources to get you started:
1. Read more about Financials on TradingView in our Help Center.
2. You can also code your own strategy or indicator using this financial information .
3. We've also created a library in our Help Center so you can learn more about every Financial metric.
Here are some other financial ratios that you may find interesting and how they're calculated:
PE Ratio = Market Cap / Earnings
PB Ratio = Market Cap / Book
PEG Ratio = PE / Earnings Growth
Quick Ratio = (Cash + Cash Equivalents + Current Receivables + Short Term Investments) / Current Liabilities
Dividend Yield = Dividends Per Share / Price
EV Multiple = Enterprise Value / EBITDA
To access all of the Financial Ratios available to you, click the Financials button at the top of your chart. From here, you can select many different Financial metrics and study markets at a deeper level.
More importantly, you can combine the study of Technical and Fundamental analysis at the same time. Meaning you can evaluate the fundamental side of the business including its earnings and valuation while ALSO studying price action and planning a trade.
Please feel free to share your feedback and comments below! Thank you for reading.
How To Tweet a Chart Image Fast!We realize that sometimes you just want to get your charts out to people as soon as possible.
With the Tweet Chart Image feature, now you can!
As illustrated above, simply choose "Publish" then "Tweet Chart Image" and you'll be able to tweet the image out directly from your Twitter account to get that critical analysis to your followers fast!
What's that? You'd like to do this on your iPhone as well?
No problem, we got you.
Check out what idea users are tweeting right now here
Image Credit
How To Use Sparks To Kickstart Your ResearchThis video was created by our team to introduce you to the new Sparks tool. Sparks are curated lists to help kickstart your research process. You can find lists of symbols related to specific topics like outer space, alt coins, and a lot more.
Markets are sometimes driven by themes, trends, and narratives. Within those themes and trends are lists of symbols that are working to change something or build a better future. With the right research tools, investors and traders can find opportunities and capture enormous growth. But it all starts with a diligent research process and Sparks were created to help all investors and traders get started. That's key, getting started.
All it takes is a spark to light a fire, to find the next best investment or trade.
For example, here are some Sparks that may interest you:
1. Self-Driving Car Companies www.tradingview.com
2. Environmentally Friendly Stocks
3. Proof of Work Cryptocurrencies
4. Proof of Stake Cryptocurrencies
5. WallStreetBets Stocks
And these are only a few examples.
Our team is looking build even more Sparks in the future. Our goal is to help all investors and traders learn more about markets. If you have any questions or comments, please write them below. You can also request specific Sparks in the comments below.
Thanks for watching the video and following along!
- Team TradingView
How To Share Your Watchlists (Video Walkthrough)We know how important your Watchlist is.
Your Watchlist is where you organize all of your favorite symbols, follow them, and plan ahead. It's also where you track your investments and trade ideas.
Our new Advanced View tool makes it possible to share your Watchlists. We believe this is an important next step in Watchlist technology. You can now share your favorite Watchlists with friends, family, and across the Internet either on your blog or social media profile. You can collaborate with groups to make a perfect watchlist, sharing the link and making edits as needed.
Create, share, and learn. Get feedback from others and do the research before you make the trade. Our new Watchlist tools can help everyone share and collaborate around markets.
Here are links to the two Watchlists we talked about in this video. You can copy this Watchlists, edit them, and add them to your profile:
1. Up-And-Coming Cryptocurrencies
2. Space Stocks
The first step to getting started is opening your Watchlist, then clicking the three circles at the top right ••• and selecting Advanced View. From there, you can toggle your Watchlist to be shareable, copying the link and sharing it as needed. You will also see a symbol distribution showing the breakdown of the Watchlist you're looking at. We explain all of this in the video! Make sure you watch it.
Please let us know if you have any questions, comments or feedback. You can share them in the comments below.
Thank you for watching,
Team TradingView
Learning the TradingView Platform: Exploring the Top Panel Pt.2In this video we will explore:
Indicators and Strategies
Fundamental metrics for stocks
Indicator Templates
If you would like to learn more about these items, check out the great material we have in the help center and on our blog. 📚 🤔 📚
Indicators
www.tradingview.com
Fundamentals
www.tradingview.com
www.tradingview.com
Indicator Templates
www.tradingview.com
Did you learn about anything new that you may use from now on?
Let us know in the comments below 👇 👇
Learning the TradingView Platform: Exploring the Top Panel Pt.1In this video we will explore:
Symbol Search
Time Interval
Bar's Style
Compare or Add Symbol
If you would like to learn more about these items, check out the great material we have in the help center. 📚 🤔 📚
Spread Charts
www.tradingview.com
Time Interval
www.tradingview.com
Compare Tool
www.tradingview.com
Did you learn about anything that you may use from now on?
Let us know in the comments below 👇 👇
Introducing our new Chart Preview featureOur new Chart Preview feature simplifies the way you follow your favorite symbols from iPhones or iPads. Please note: we have exciting updates coming to our Android app, so please stay patient. We won't let you down! 😎
Chart Preview is intuitive for all investors and traders. Beginners and pros can use it seamlessly to study their watchlist and then dive into the advanced chart when it's time.
We created Chart Preview to let traders quickly scan and study symbols from a viewpoint that is simple and beautiful. With a second tap, traders can dive into the advanced chart and begin their research process using technical and fundamental analysis. Start simple and get more advanced depending on your skill level.
On iPhone, users can toggle our new Chart Preview feature on or off depending on their preference. You decide whether you want to see a quick preview or jump straight to the advanced chart. We know many of you would rather be analyzing charts with all the power of our advanced tools, so you can decide what you would rather see first.
Make sure your app is updated and using the latest version. Remember: our mobile apps are free for iOS and Android devices.
Thanks for being a TradingView member and we look forward to reading your feedback and comments below.
Assigning Elliott Wave DegreesDid you know that you're able to change the labeling of the degree of a wave when drawing Elliott Waves?
Elliott Wave Degree labels assist in the identification of the fractal patterns of Elliott Waves. These degrees are used for both motive and corrective waves (though only motive waves are labeled here). Each of the degrees have a standardized notation that indicates the degree of the wave, allowing the user to identify them more easily.
While the different degrees of waves can be applied however someone would like on a chart, the order and length of time for degrees that are most often used from largest to smallest are:
Grand supercycle: multi-century
Supercycle: multi-decade
Cycle: one to multiple years
Primary: months to years
Intermediate: weeks to months
Minor: weeks
Minute: days
Minuette: hours
Subminuette: minutes
**Times associated with degrees are approximate**
There are six more degrees that are used less often due to the extremely high and low time frames, they are: Supermillennium, Millennium, Submillenium, Micro, Submicro and Miniscule.
In order to change the degree of the Elliott Wave, simply
Double-click on the drawn wave, or select it and click the settings gear in the toolbar
Go to Style
Select desired degree from the dropdown
Thats it!
How often do you use Elliott Waves in your analysis?
Add Tweets To Your ChartYou can now add tweets to your chart! The process is simple and we'll walk you through each step:
Step 1 - Find a tweet you're interested in and copy its link. The Twitter link will look something like this: twitter.com
Step 2 - Open your chart and then paste the tweet. The tweet will automatically attach to the exact timestamp on the chart. You can sit back and let our platform do the work for you. Pro tip: this tool works on any time frame or chart type. So you can view it on a daily chart or a 30-minute chart, a candlestick chart or a line chart.
Step 3 - Once you've copied and pasted the tweet to your chart, you can drag it up or down to place it where you need it to go. Pro tip: adjust your price scale or time scale by clicking, holding, and dragging the scales to extend them. This will help you fit the tweet to your chart.
The chart in the example above shows the market cap of Dogecoin with four tweets from Elon Musk. Each tweet was copied and pasted on the chart using the steps outlined in this post. It's fast, easy, and snaps right to the exact timeframe where price and tweet meet.
We hope you enjoy this new tool. Please let us know if you have any questions or comments. Thanks for being a member of TradingView.
Learn more about Indicators using the Help CenterThe Help Center is a great resource that offers a lot of information for users on all kinds of topics.
Within the Help Center is the “I’d like to learn more about indicators” page which holds a vast amount of information about built-in indicators that are offered on TradingView.
You can access the information on these indicators by following the directions above or by visiting this link:
www.tradingview.com
It is important to note that user created indicator’s and scripts are not featured here, only TradingView’s built-in indicators.
Take a look around the help center today!
Are there any other areas that you have found useful in the Help Center?
