What is TradingView a powerful tool for? (2024)

What is TradingView a powerful tool for?

TradingView is primarily used for financial market analysis, offering advanced charting tools, technical indicators, and social networking features to help traders and investors make informed decisions across various asset classes such as stocks, forex, commodities, and more.

(Video) 10 EPIC Hidden Gems on TradingView
(TradingLab)
What is TradingView good for?

And so, TradingView was born. TradingView is a technical analysis charting platform built for active traders. The platform is available in web-based, desktop, and mobile versions. Charting software is used by traders to predict and profit from short-term price movements.

(Video) FULL Tradingview Tutorial for BEGINNERS (2023)
(Craig Percoco)
Why does everyone use TradingView?

TradingView has become one of the most popular charting and technical analysis platforms for traders. With over 30 million monthly active users, TradingView offers a robust set of free features including interactive charts, technical indicators, alerts, community chat rooms, and more.

(Video) How To Use The Forecast Tool On TradingView (2022)
(G Force North)
What is TradingView app used for?

TradingView is a cutting-edge, web-based platform that caters to traders and investors of all skill levels, offering powerful tools and real-time data to make informed financial decisions. With its user-friendly interface and extensive features, TradingView has become a go-to platform for traders across the globe.

(Video) Draw Easier: The Magnet Tool | TradingView
(21st Wall Street)
Do professional traders use TradingView?

Professional traders visit forums like TradingView. They use these online spaces to talk about trading strategies, share ideas, and learn from others. On these platforms, traders of all levels, including experts, come together to chat and learn.

(Video) Beginners Guide To TradingView
(The Moving Average)
What are the disadvantages of TradingView?

You'll Need To Have 2 Platforms At All Times

TradingView by itself isn't a trading platform through which you can place trades. While it is true that TradingView associated with some brokers like Oanda and FXCM, in most cases you won't be able to enter your trades from the charting platform itself.

(Video) Plan Your Trades With The Long and Short Position Tool
(TradingView)
Is TradingView the best charting tool?

The Verdict: TradingView Pro+ Takes the Lead

TradingView emerges as the top charting platform in 2024, excelling in features, speed, ease-of-use, coverage, reliability, and affordability. Whether you're a novice or a seasoned trader, TradingView proves to be the optimal solution.

(Video) How To Use TradingView Drawing Tools | Trading Tutorials
(Trade Brigade)
What is the most powerful indicator in TradingView?

The 3 Best TradingView Indicators to Improve Your Trading
  • 1- ARMAGEDDON 2 by Bullish way team. This indicator shows you the floor and ceiling of the market accurately. ...
  • 2-Ichimoku Clouds. ...
  • 3-Auto Fib Retracement.
Nov 22, 2023

(Video) Profitable Scalping Tactics: Best TradingView Indicators Uncovered
(Muhammad usman)
Is TradingView better than thinkorswim?

TradingView is better for crypto trading. It has specific tools for crypto like Renko charts, crypto screener, and charting for thousands of crypto pairs. Thinkorswim mainly focuses on stocks, options and futures.

(Video) The Only TradingView INDICATOR You EVER Need [Secret Strategy]🔥
(Trade Algorithm)
Is TradingView best for beginners?

TradingView is perhaps the best platform today to get started in the world of trading. Although TradingView can be used by both beginners and more experienced traders, its intuitive interface and numerous tools make it especially useful for those who are just starting in the trading world.

(Video) It feels illegal to know about these TradingView settings
(Joseph Laliwar)

Can I use TradingView without a broker?

Do I need a broker for TradingView? Yes, you'll need a broker that supports TradingView integration if you want the ability to execute trades, track your orders, and/or manage your positions from within the TradingView platform.

(Video) 7 POWERFUL Artificial Intelligence Indicators on TradingView ( SAVE THEM )
(Magic Indicator Strategies)
What is the difference between stock charts and TradingView?

StockCharts has an edge in predefined scanning templates and screening criteria specifically for US stocks. TradingView allows testing and automating trading strategies by connecting to online brokers. TradingView supports trading directly from charts with broker integrations. StockCharts does not facilitate trading.

What is TradingView a powerful tool for? (2024)
Is TradingView a tool?

TradingView is an exceptionally popular site for conducting trade analysis. Learn how to use TradingView and discover how TradingView's tools can help to develop and improve investment strategies. Trading involves conducting comprehensive research and utilising the best analysis tools possible.

What broker should I use with TradingView?

Popular US stock brokers like Etrade, Interactive Brokers and TD Ameritrade are supported. For forex, brokers such as Oanda, FXCM and IG Markets allow you to trade currency pairs directly on Tradingview. There is also integration for leading crypto exchanges like Coinbase, Binance and FTX.

Who is the most popular broker with TradingView?

Intro and winners
  • Interactive Brokers - best broker for TradingView in 2024. ...
  • Webull - Free stock/ETF trading and high 5% interest on uninvested cash. ...
  • Ally Invest - Low trading and non-trading fees. ...
  • Oanda - Great trading platforms. ...
  • Forex.com - Low forex fees. ...
  • Optimus Futures - Low trading fees and free ACH withdrawal.
Mar 28, 2024

What is the best trading platform?

Summary: Best Online Brokerage
CompanyForbes Advisor RatingBEST FOR
Interactive Brokers4.4Best Online Broker For Traders
TD Ameritrade4.4Best Online Broker For Beginners And Best For Mobile App Users
Fidelity Investments4.4Best Online Broker For Everyday Investors
Charles Schwab4.3Best Online Broker For Customer Service
1 more row
Apr 1, 2024

Which trading platform is better than TradingView?

TrendSpider offers an advanced, ad-free experience that stands out from TradingView and other competing products.

How trustworthy is TradingView?

TradingView is very popular and trustworthy. It is avaiable via your web browser, desktop app and mobile app. It offers a free product and a premium paid product. It provides a wide range of tools and assets for charting, has news, contributors, trade ideas, screeners and more.

What are the 4 indicators of TradingView?

This is a Wave (or Zig Zag) indicator I made to use in conjunction with the Wave Volume indicator I use. It uses the Jurik moving average to determine turning points, and will plot the tops and bottoms of the wave based on the most recent high- so you can also use to quickly find pivot highs and lows.

Is MetaTrader better than TradingView?

MetaTrader also has a social component, but it is not as robust as TradingView's. In terms of order execution, both platforms offer fast and reliable trade execution. However, some traders may prefer MetaTrader's one-click trading feature, which allows them to quickly enter and exit trades with just a single click.

How do you use TradingView efficiently?

How to use Trading Charts on TradingView
  1. Select your Trading Instruments. First, you'll need to load the instrument you are interested in looking at. ...
  2. Add a Comparison. ...
  3. Choose a Timeframe. ...
  4. Select a Chart Type. ...
  5. Add your TradingView Indicators. ...
  6. Save your Indicator Template. ...
  7. Customize your Charts.
Apr 10, 2024

Can I day trade with TradingView?

To be more well-rounded in your approach, it helps to have a watchlist, alerts, leaderboards, news, indexed ideas, and even social forums to bounce your ideas off other traders. TradingView provides all of the above and more to help you day trade from a wider perspective and a broader context of ideas.

Which indicator is most profitable?

Best trading indicators
  • Moving average (MA)
  • Exponential moving average (EMA)
  • Stochastic oscillator.
  • Moving average convergence divergence (MACD)
  • Bollinger bands.
  • Relative strength index (RSI)
  • Fibonacci retracement.
  • Ichimoku cloud.

What are the top 5 indicators on TradingView?

TOP
  • Tops & Bottoms - Day of Week Report. sbtnc Feb 7. ...
  • CARNAC Elasticity Indicator. ClassicCrypt0 Updated Mar 5. ...
  • Tops & Bottoms - Time of Day Report. sbtnc Updated Nov 15, 2023. ...
  • TTP Breaking Point. ...
  • Swing Boxes. ...
  • Reversal Points. ...
  • CM_Williams_Vix_Fix - Market Top and Bottom with multi-timeframe. ...
  • Price Action Top/Bottom.

How much should I pay for TradingView?

Free - Limited features but provides core charting and analysis tools. Pro - $14.95/month or $155.40/year. Upgrade for more indicators, alerts and customization. Pro+ - $29.95/month or $299.40/year.

References

You might also like
Popular posts
Latest Posts
Article information

Author: Margart Wisoky

Last Updated: 31/03/2024

Views: 6391

Rating: 4.8 / 5 (78 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Margart Wisoky

Birthday: 1993-05-13

Address: 2113 Abernathy Knoll, New Tamerafurt, CT 66893-2169

Phone: +25815234346805

Job: Central Developer

Hobby: Machining, Pottery, Rafting, Cosplaying, Jogging, Taekwondo, Scouting

Introduction: My name is Margart Wisoky, I am a gorgeous, shiny, successful, beautiful, adventurous, excited, pleasant person who loves writing and wants to share my knowledge and understanding with you.