Analytics Platform and How to Use It

In trade, a trader requires the ability to analyze the price movements of an asset using technical analysis.

In this case, TradingView is one of the tools that can help traders perform technical analysis.

TradingView itself is a charting and technical analysis platform that is very popularly used by traders and investors all over the world.

TradingView is a powerful tool that helps users understand financial market price movements, perform technical analysis and make trading decisions based on accurate market data.

Among other things, this tool is a top choice for traders and investors because it offers interactive charts that allow users to draw trend lines, add technical indicators and perform analysis directly within the charts, making it easier to understand price movements and market trends . .

In addition, this platform is equipped with a variety of technical indicators and analysis tools, such as moving averages, Bollinger Bands, MACD, and others. Users can customize indicator settings and use them to identify trading opportunities.

So, to understand more about what TradingView is, its functions and features, how to use it, and its advantages and disadvantages, see the following review.

What is TradingView?

Basically, TradingView is a software platform designed specifically for financial market analysis and trading. This tool is used by traders and investors to observe price movements, perform technical and fundamental analysis and develop trading strategies.

TradingView is important to traders because it offers a number of key benefits that support their trading activities.

One is because TradingView offers a variety of technical and fundamental analysis tools that help traders identify trading opportunities and plan their strategies. It includes interactive charts, technical indicators, trend line tools, chart patterns and more.

In addition, the platform also provides access to real-time financial market data, including stock prices, cryptocurrencies, indices, commodities, and more.

Real-time data is essential for traders who need to make trading decisions based on current price movements.

Get to know TradingView features

Getting to know the TradingView feature is very important for traders and investors as it will help analyze price movements and use technical indicators.

Therefore, getting to know TradingView’s features well helps traders and investors make better decisions, optimize trading strategies and use the various analytical tools provided.

The following are several TradingView features for traders:

Helps open positions when trading

Finding the optimal entry point in trading is very important because it will affect your future investment results.

Help Stop Loss when Trading

Determining a stop loss level that matches your risk tolerance is key to managing investment risk.

Help identify trends

Understanding the long-term trend of each asset you buy helps avoid investing in companies that experience declines over long periods of time.

TradingView Features

TradingView is a platform that offers a number of interesting features for traders. In fact, getting to know TradingView’s features is very important because these features help traders and investors perform market analysis, manage portfolios and make better trading decisions.

The following are several important features available on TradingView:

Interactive graphics display

TradingView offers an interactive chart display so traders can easily analyze price movements. In this chart view, you can select different time frames, draw trend lines, add graphic objects such as horizontal patterns, and perform technical analysis directly within the chart.

Complete collection of technical indicators

The platform has a comprehensive collection of technical indicators that includes more than 100 different indicators. These include indicators such as moving averages, Relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands, and more. You can customize the indicator settings according to your preferences.

Social community

TradingView has a community feature that allows traders to interact, share analysis and discuss trading ideas with other traders. You can follow, like, comment and participate in discussion forums with other traders. This will open up opportunities to learn from the experiences and perspectives of other traders.

Useful alerts and notifications

You can set price alerts and notifications in TradingView. It allows users to receive notifications when prices reach certain specified levels, so you don’t have to constantly monitor the market. These alerts are very useful for identifying trading opportunities or managing risk.

Support for different types of markets

TradingView supports various types of financial markets, including stocks, crypto-assets, indices, commodities, bonds and more. You can easily access data and charts for these instruments, and the platform also provides real-time market data for most markets.

How to use Tradingview for beginners?

TradingView features are very important to know. The reason is that these features will help traders and investors to perform market analysis, manage portfolios and make the right trading decisions. The following is a step-by-step guide on how to use TradingView for beginner traders that you need to know, including:

Create an account and log in

Go to the TradingView website at https://www.tradingview.com
Click the “Join Free” or “Register Free” button to create a new account.
You can register with your email address or social media account such as Google or Facebook.
Fill in the information required to create an account, including username and password.
After registering, verify your email address by following the verification link sent by TradingView.
Once your account is verified, log in with the username and password you created.

Scroll through the price chart

After logging in, you will see the main dashboard. Here you can search for the financial instrument (eg shares, crypto-assets, indices) you want to analyze.
Once you have selected an instrument, a price chart will appear on the screen.
You can set the chart time frame, change the time interval (for example, from daily to 1 hour), and zoom in or out on the chart to see more detailed price movements.

Use technical indicators

At the top of the chart you will find the “Indicators” button. Click this button to add technical indicators.
Select the indicator you want to use from the list provided. You can also search for a specific indicator by typing it in the search field.
After selecting an indicator, you can adjust its settings, such as period or color.Indicators will appear on your price chart, providing signals or additional information about price movements and trends.

Interaction with the community

At the bottom of the screen you will see the “Ideas” and “Scripts” tabs. This is a place where other traders share their analysis and trading ideas.
You can click on the “Ideas” tab to see trading ideas from other traders. You can also follow traders you are interested in.
Under each idea you can see comments from the community. You can participate in discussions by commenting or liking ideas.
If you want to share your own analysis or trading ideas, you can click the “Publish Idea” button and follow the guidance provided.

Advantages and disadvantages of Tradingview

Knowing how to use TradingView for beginners is very important because this platform is a powerful tool that can help beginners understand the markets and plan trades better.

The following are several advantages and disadvantages of Tradingview that novice traders should know, namely:

The benefits

One of TradingView’s strengths is its wide variety of plans. TradingView offers several subscription levels, including a free version with basic features, as well as paid plans with additional features.

This gives merchants the flexibility to choose a package that suits their needs and budget. Paid plans often offer access to more advanced features, such as additional technical indicators and advanced market data.

Additionally, interactive charts in TradingView allow traders to perform in-depth technical analysis.

This includes the ability to adjust time frames, add indicators and draw trend lines. Interactive charts help traders make more informed trading decisions.

TradingView also offers over 100 different technical indicators. This includes popular indicators such as moving average, RSI and MACD. This extensive collection of indicators helps traders identify trading opportunities and analyze the market with various approaches.

This platform provides highly accurate real-time market data. Real-time data is key for traders looking to make decisions based on the most recent price movements.

This data is available for a variety of financial instruments, including stocks, cryptocurrencies, indices and commodities.

Furthermore, many leading online brokers have integrated with TradingView. It enables traders to trade directly from the TradingView platform, making trade execution faster and more efficient. This integration also allows easy access to portfolio and trade history.

The downside

Meanwhile, one of the main disadvantages of TradingView is that some of the best features are only available in paid plans. This can definitely be a stumbling block for novice traders who want access to all TradingView features.

Closure

In addition, the presence of an active social community on TradingView can cause the effect of FOMO (Fear of Missing Out) or FUD (Fear, Uncertainty, Doubt).

New traders may be tempted to follow trading ideas from other traders without adequate understanding, which can lead to losses.

Come, make an easy, safe and profitable crypto investment at Indodax

So, now you understand what TradingView is, its functions, features, how to use it, and its advantages and disadvantages.

Next, after understanding and understanding how to use tradingview, now is the time to start investing in crypto at INDODAX.

The method is first, you need to download the INDODAX app first and then register and log in to your Indodax account.

Then you can verify your account before you can make deposits and trade crypto on INDODAX. If the account is verified, you should next deposit funds into your INDODAX account, then select the crypto you want to trade.

After choosing the crypto you want to trade, you can open a trade, namely by determining the buy/sell price according to your preferences or by using the current market price.

It’s easy, right? Come on, start investing in crypto at INDODAX right now!