Options trading tradingview

This allows you to change your mouse cursor to a dot, an arrow, or a crosshair — whichever one you like the best. Things like trend lines, vertical lines, as well as the horizontal lines and parallel channels. The horizontal line does exactly what the name suggests — it places a horizontal line on your chart. If you need to place more than one, remember you can use the ctrl-c ctrl-v shortcut.

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The next few buttons are all buttons that place indicators on your chart or that allow you to draw on your chart and place shapes. The button with the pitchfork, for instance, has a bunch of different Fibonacci tools for you to explore. Feel free to have a look through each of these! You will gain familiarity by exploring the software. The next tools I want to talk about are my personal favorite on TradingView. This button gives you access to the Long Position and Short Position.

These tools are amazing. It lets you place your stop loss, entry and take profit on to your chart with an awesome visual aid. On top of that, it will tell you the amount of pips your stop loss and your take profit cover, as well as your risk-to-reward ratio RR. This tool will save you so much time, and as a trader you know that time equals money.

As far as I am aware, TradingView is the only charting platform that provides this tool. Brokers will certainly not offer this! If you know of any other charting platform that has this tool, let me know. The ruler button is also a handy little tool. It allows you to measure the amount of pips and days a certain area covered.

The shortcut for this tool is very easy to remember: simply hold down the left shift on your keyboard, then click and drag your mouse. All the way at the bottom of the left toolbar is the remove button. It has the option to remove all drawing tools, remove all indicators, or remove both. This wraps up the essential buttons on the left toolbar. It might take awhile before you remember where every button is and what it does.

It helps to favorite the important ones, and you can always right-click to find some of the same functions. I will be going into more detail on some of these buttons in a more advanced guide in the future. I will help you sort through the most beneficial aspects. The bottom toolbar gives you access to a lot of different information and data.

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However, there are some useful things on this toolbar. You can change the time zone to whatever you need it to be. It will automatically be set to wherever in the world you are. This is great for when you are travelling or if you have an account that is shared between multiple users and computers. These are your axis options. I mentioned earlier that for crypto trading you will want to use the log scale. This is where you can find the button for it, but as I mentioned earlier you can also find it in the right-click menu. The camera icon I mentioned before allows you to take a screenshot of your main window.

It will generate an image URL for you right away, and it will also give you the option to save the image or tweet it. Over on the left side we have a Go to… button.

Next to this button there are a few different lengths of time. This is a fast way for you to look at a pair for that specific time span. If you click on All , for example, it will show you the movement of price for the entire time that pair has been tradeable. Depending on which time span you chose, the time frame will also change.

This will be handy for those of you who like to trade on bigger time frames, as it will allow you to check what price has done over a certain amount of time. The last two essential things you need to know about are the Text Notes and Trading Panel. You can find these underneath the buttons we just saw. The trading panel is a bit more interesting. You can select Paper Trading which is basically a demo account within TradingView!

To link your accounts, simply click the broker you are with and provide the information TradingView requires. For some, you simply need your login details, whereas for others you might need something called an API key. Paper trading demo trading on TradingView is also becoming more popular so definitely check out what they have to offer there.

If there is enough interest I will consider a separate guide for this. TradingView is a great charting platform. I know there is a lot in this guide but this should really help you get comfortable with the platform much quicker. As you use the platform you will find that there is not much to it once you get into the swing of it. Let me know down in the comments what you would like to see from future guides. I intend to write a few more so any input would be valued! I was not paid by TradingView to write this post. I just think TradingView is great and want to share my knowledge of it with other traders.

All TradingView links in this article are affiliate links. This means I will get a small commission if you decide to sign up to TradingView through one of our links.

This small commission will help me create more content! Mt4 chart placing, yet follow on ctrader. My first day after reading this I can now play with the tools. Hope for more in future. I am a stock trader. I need the daily, 5 minute and 1 minute chart of the stock I am trading. So, one one tab of my chrome browser, I have Tradingview open with the mentioned layout. But my question is what If I want to look at multiple stocks? Hi Leny, are you using the watch list function?

If a ticker is in your watch list you just click it to switch to that ticker. This article discusses watchlists. Good guide. Learnt a couple of things — so thank you :. Advantage of Pro account for me is that you can then also upgrade to get live data. When will you release a guide on how to manage all ya pairs in trading view for swing trading and for scalping.

So we know how u conduct ya trading for swing and scalp and how u manage them more efficiently. No problem Laurie. There is a lot to the platform so I felt creating a guide would help a lot of traders out! Thank you. There was a change, yes!

It has moved to the main menu. Thank you for this primer on TradingView. Very well done and helpful.

But the new American regulations and rules, computers, algorythms, software have changed the pace and many of the techniques and getting acclimated to this new system is difficult. You and Trading View are making this learning curve much easier for me—Thanks again. Thanks Don! We agree, TradingView is great! I have been lucky enough to have had access to a PC since the start of my trading career. HI, Just read this. It has been really useful. Tradingview seems to fill in the gaps that some broker platforms do not provide. Thanks a lot John. Is the functionality on an iPad the same as if you use this software on a PC with mouse control?

I prefer iPad as I can easier bring along to other locations to check out or setup some trades. Thank you very much. If you log in to two at the same time the second one will have a message not allowing you to use it.