What Is Tradingview?

Tradingview is a real time scanner that offers advanced charting both with a free and paid subscription. It is also my preferred way to chart since my previous scanner thinkorswim,  doesn’t offer charting for crypto.

Features

It offers the user 1000s of indicators some of which any serious chartist can’t live without. Some of the indicators I rate highly mostly accredited to Matti Owens are

Some Indicators I Use On Tradingview

  • Ease Of Use 70%
  • Functioniality 90%
  • Price To Value 95%
  • Ichmuchi Kinko Hyo

    • “A technical indicator that is used to gauge momentum along with future areas of support and resistance. The Ichimoku indicator is comprised of five lines called the tenkan-sen, kijun-sen, senkou span A, senkou span B and chickou span. This indicator was developed so that a trader can gauge an asset’s trend, momentum and support and resistance points without the need of any other technical indicator.” Source: Investopedia 
  • Slow Stochastic

    • “In technical analysis of securities trading, the stochastic oscillator is a momentum indicator that uses support and resistance levels. Dr. George Lane developed this indicator in the late 1950s.[1] The term stochastic refers to the point of a current price in relation to its price range over a period of time.[2] This method attempts to predict price turning points by comparing the closing price of a security to its price range.” Source: Wikipedia
  • Fibonacci Retracements/Extensions

    • “Fibonacci extensions are used in Fibonacci retracement to predict spaces of resistance and support in the market. These extensions involve all levels drawn past the basic 100% level; they are frequently used by traders to determine areas that will bring in profits. One popular extension, the 161.8% level, is used to set a price target on a breakout of an ascending triangle; this target is calculated by multiplying the vertical distance of the triangle by key Fibonacci ratio 61.8%, and then adding the result to the triangle’s upper resistance level.” Source: Investopedia

  • RSI

    • “The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Signals can be generated by looking for divergences and failure swings. RSI can also be used to identify the general trend.” Source: Fidelity
  • EMA

    • “Today’s strategy will revolve around the use of a series of EMA’s (Exponential Moving Average). These averages work the same as a traditional SMA (Simple Moving Average) by directly displaying an average of price for a selected period on the graph. However, the EMAs calculation incorporates a weight to put a greater emphasis on most recent price. This weight is placed to remove some of the lag found with a traditional SMA. This makes the EMA a perfect candidate for trend trading.” Source: Dailyfx

      Summary

      I know it seems like a lot but utilizing all of these indicators together allows me to cut through the noise and make better trades. Lucky for me all of these indicators come in the Tradingview toolbox and allow for custom settings that have an edge over the norm. If you’d like the learn my preferred trading strategy I suggest that you check out my article on Matti Owens. I basically copied his method for trading and it works for me.

      If you have a friend that is a serious chartist, consider tagging them with this article so they can bask in all of its goodies.

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