Show Posts
This website is made truly well and is developed continuously.
There are a lot of different settings here and I like this flexibility a lot
Everybody do as he wants, but I think that a clean chart makes the process of decision making easier and more right finally.
Less noise less wrong decisions, that’s pretty it.
TV even has some recommendations for this
Now I’ll explain how I set my charts up and some impressive and useful TV functions.
Basically, TV chart looks like this:
It's getting pretty noisy here especially when you are starting to add indicators, trendlines, etc.
I remove all unnecessary information from the right scale, remove also the price line which sometimes looks like s/r level, switch off indicator values.
I just don’t use it. The main principle is: if I don’t use it — I remove it
I prefer white/black candles because they are emotionally easier. Red candles attract our attention a lot,
makes us more impulsive in our decisions and the same with green. W/B candles let us work only with price structure without additional emotions.
Also, I use a slightly gray background to lower contrast and decrease the load on eyes.
One more advice — don’t use acid/toxic colors or bold lines, usually, it looks not so nice and makes your chart dirty.
My settings:
My chart view:
Everyone decides how to draw, I just wrote down the principles that guide myself
Favorite Time-frames
Let’s start from quick access to time-frames. For this, we will add interesting time-zones to favorites.
This is very convenient and saves 1-2 clicks every time.
Favorite Tools
The same as time-frames, we can add tools to favorites. They’ll be shown in a separate panel
Favorite indicators and Indicator templates
I’m not going to talk about indicators which I use — it depends on different situations.
But I can tell that I use RSI and Volume almost always. But not all indicators are available in Basic subscription
— for example, you need Pro subscription for Horizontal Volume. Now then, you can also add indicators to favorites
I prefer to use Indicators Templates — a very cool thing, much faster than find & choose a necessary indicator every time.
Just save indicators to templates and load it when you need it. Also can add it to favorites. Just one click instead if searching and etc
Hint: double click on area opens it full-screen. Double-click again and it returns to the basic statement
Now, I’ll tell about the instruments which I use in trading
Alerts
Many use alerts. TV has a small minus here — on my subscription I have only 10.
There is an email alert or sound signal. Most of all I like different triggers — you can set an alert on the moment of crossing, one per bar close, etc.
I prefer 4H or 1D time-frames. Alerts could be set up on the price or indicators (for example, MACD lines crossing)
Bar Replay
The very useful thing if you want to test your strategy on historical data or just to practice in decision-making.
The point is, you rewind a chart to some moment in the past, clean it, and then replay it once again. You get as if the accelerated chart
Watchlists
On the right side, you can see lists panel — group your actives on different lists to ease access to them (for example, Main list, Watchlist, In position, etc)
Snapshots
I use them for my trading journal and for working on mistakes. I save them to a special folder and watch from time to time
Publish ideas
If you want to develop your community and get followers if your analytics is good or you just want to get some feedback
— you can publish ideas with Publish button on the top panel
Screener
On the bottom, you can find Screener tab. You can choose Crypto screener, filter exchange and you’ll get quite a nice chart scanner even with system recommendations to buy/to sell. Don’t forget about your own TA and Risk-management.
Select multiple objects
You can select multiple objects on your chart and move them all simultaneously
* Hold Ctrl (Windows and Linux) or ⌘ (Mac)
* Drag the mouse cursor, while left clicking and holding to select the area that contains objects
Not only buttons
TV has not only coins but also some crypto-related charts such as Market Cap, BTC dominance, etc. You can read more here
What's your way to use TradingView? Share your hints
--
PS of you like this post - share your love with merit
