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TradingView - a platform for maximizing trading profits and data analysis
At first glance, TradingView duplicates the functionality of the well-known MetaTrader, including different chart display options, the ability to perform technical analysis, use the same indicators, etc. But a more detailed analysis reveals some serious differences. With TradingView you can easily monitor the all market.
TradingView will appeal to those traders who lack MT4 capabilities. For example, you need to get a kagi or renko chart, of course, you can organize them in MetaTrader too, but it will take a lot of time, while in TradingView it is one of several standard options for displaying price information. And there are many such small but important differences. If we try to briefly characterize this service, it can be called an online platform that allows you to work with charts, perform analytics, make forecasts, etc. People familiar with programming can write their own scripts. That is, the service is similar to MT4 in terms of capabilities, only it does not require installation on the Desktop and has a number of curious features.
Tools and extended charts of the TradingView platform
Trading View offers 10 variants of price charts from the start, including renko, crosses and zeros, and even such original variants as kagi.
In total, the following chart display options are available:
Japanese candlesticks; empty candlesticks - they differ from ordinary candlesticks by the fact that the body of the candlestick is not colored; Heikin Ashi; Line and Area. The line itself, responsible for price movement, looks the same, but in the area chart the lower part of the working window is colored; Renko - a curious variant of construction, in which the time factor is not taken into account, they are also called bricks; linear breakout, looks a bit like renko, only the size of rectangles changes depending on the price movement; crosses - the time factor is also not taken into account (some people call a linear chart a more progressive type of crosses); kagi; bars.
Important! The advantage of Trading View is that all these types of charts can be obtained at once, without additional manipulations and installation of third-party scripts. It is just more convenient. Besides, you can get such a chart working via your phone or tablet.
The possibility to add alerts (sound notifications) is very conveniently implemented. There are 13 different variants of price behavior available, which should be enough for all occasions. As for the notification itself, in addition to the sound signal, the service can send an email and even SMS message to your cell phone, so you will not miss an important signal.
Ideas, strategies and user-friendly interface of the TradingView platform
The interface of the service is convenient and clear. Therefore, there are rarely any questions on tradingview - how to use it. But, despite the fact that more than 90% of the service users are English-speaking, you can always contact the support service, where you will be answered in your language. The service itself was conceived as a kind of social network for traders all over the world, a kind of community of traders. In it traders freely communicate in chat - in general or in chat on a certain underlying asset. There you can look for any developments or strategies for trading.
Each trader has the opportunity to post his analysis ideas with a screenshot of the chart to the public. There traders can comment on his idea, thus agreeing or disagreeing with the author. Besides, the author can be followered (as in Twitter) and his ideas in trading can be constantly monitored. A very useful feature.
I would also like to note that you can sort the posted ideas - by underlying asset, by chart time, highlight the most popular ones for today, week or month. But perhaps the most important thing for which the service is appreciated is tradingview online charts. The service receives quotes directly from the stock exchange and you can follow online the price movement of your favorite asset. By the way, there is a lot of basic assets. You can find absolutely any one.