Tradingview Guide: Tutorial To Save You a Subscription (2024)

Introduction

Becoming a successful trader is a hard feat to manage. According to Oanda, one of the largest brokers out there, a whopping 73.5% of retail traders lose money. The odds of success are stacked against you. Most retail traders lose money because they trade without having an idea of the market and price development.

Tradingview helps all traders increase their chances of success. Whether you'd like to simply look up the latest stock price or analyze price patterns with complex scripts, they've got it all. Their software is intuitive to use and has an enormous number of features, which is great, but you can easily get lost. This book will teach you the best features that Tradingview has to offer, such as Tradingview custom alerts, to alert you of great trading opportunities. So you don't have to spend all of your time on your computer. Moreover, you will discover how to chart an unlimited number of indicators and even create custom indicators. This even beats the Premium $59.99 a month subscription, which only offers 25 indicators. On top of this, this tutorial will save you at least the pro version of $14.95 a month, or $179.40 a year!

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I've created a series of ebooks to help traders achieve success. In this first ebook, you will discover the great features Tradingview has to offer. In the next ebook, Automated Trading Masterclass: Discover, evaluate, improve and automate trading strategies. Create your first trading bot in 15 minutes,  you will discover popular trading strategies, how to test their performance, how to improve trading strategies, and ultimately how to create a trading bot in 15 minutes to automatically execute trades. Meanwhile, you can focus on doing the things you love or working your full-time job.

What will you discover in this guide and series

To be able to create your trading robot, you will first need to get familiar with the basics of Tradingview. When you’ve completed this guide, you will have your Tradingview account set up, you will know how to chart and read stock data, you can create indicators, you can create custom indicators, and you can create alerts that will trigger based on the conditions you’ve specified. You need to master these topics before you’re able to create your trading robot. As a bonus, you can use the free version of Tradingview while making use of features that would normally cost you a $14.95 monthly subscription, or $179.40 a year!

With this series of ebooks, I hope to contribute to your success as a trader, by teaching you all the steps I took to create my trading robot while working a full-time job.

Table of Contents

Introduction

Chapter 1 What is Tradingview

Chapter 2 Creating an account

Chapter 3: Tradingview features, basic price information and most used indicators explained

Chapter 4: Popular features

Chapter 5: Money saving charting tips

Chapter 6: Money saving charting exercise

Chapter 7: Money saving custom indicators

Chapter 8: Tips for testing discretionary trade set-ups

Chapter 9: Alerts

Chapter 10: custom alert exercise

Chapter 11: Conclusion

Appendix: Free scripts

New free scripts

Appreciation notes

First of all I would like to send my appreciation to Tradingview for offering such a great platform. I’m a massive fan and I hope this e-book inspires others to use this great platform as well.

I would also like to thank my girlfriend for putting up with all my talk about trading in the past few years.

Note:

This guide is not financial advice and there is no intention of hurting the Tradingview copyrights.

Chapter 1 What is Tradingview

Tradingview is a platform that offers an intuitive charting, backtesting and trade automation. A lot of traders use the software since for its ease of use and many different functionalities. Having worked with several charting platforms, I eventually always came back to the Tradingview platform. Making it a clear personal favorite. This e-book serves as a guide to the Tradingview platform and will save you a at least a $15 a month subscription, which can amount to  $180 a year.

This guide is intended for new traders interested in the Tradingview platform, but may learn the more experienced Tradingview user some new tricks.

Chapter 2 Creating an account

If you don’t have a Tradingview account, you can easily open a free account. Just follow this link to open a free account in Tradingview and click the join for free box on the top right hand of the screen.

Then all you need to do is enter your signup details, and you’re ready to go in a matter of seconds!

The free account in Tradingview gives you the following features:

Access to charts and all indicators, 1 chart per layout, 1 alert, 3 indicators per chart, 1 indicator template, 1 watchlist, Screener timeframes: Daily, Weekly, Monthly

The free account comes with occasional ads, which is acceptable. If you want to get rid of these ads, you could upgrade to a paid subscription. Or you could just do what I have done myself. I use a free version without ads, due to the use of add-block for chrome and I use a paid version for the Trading robot, because we will need multiple alerts and more data.

Chapter 3: Tradingview features, basic price information and most