Bonus: TradingView Tips

Before I end this TradingView tutorial…

I want to share with you a few tips to give you a better charting experience:

  1. Always enable Autosave On
  2. Press Ctrl + Z to undo any accidental changes
  3. Comparative Strength Analysis
  4. Economic calendars
  5. Removing indicators temporarily

1. Always enable Autosave On

This allows the TradingView platform to save your changes automatically every minute.

2. Press Ctrl + Z to undo any accidental changes

If you shift your lines accidentally, just press Ctrl + Z and it’ll revert to the previous action.

So you can undo any mistakes that you made quickly.

3. Comparative Strength Analysis

So let's say you’re trading the stock market index.

And you’re wondering which index is the strongest.

(This can be applied to stocks, index and etc.)

Example

This is the S&P 500:

And you're wondering if the S&P500 or the Nasdaq is stronger right now.

What you can do is to overlay the Nasdaq chart on top of the S&P 500.

Just click Compare, and in this case, you have the Nasdaq option here:

If you’re trading stocks, you can just enter the name of the company here as well:

In this case, I’ll compare S&P500 and Nasdaq.

You can see that the blue line is the Nasdaq’s price changes over time compared to the S&P500.

It’s a bit hard to see since one is in the line chart format and one is a candlestick chart format.

So you’ll change the S&P500 one to a line chart format.

So now it's easier to compare between S&P500’s dark blue line and Nasdaq’s light blue line.

Now you can see that over time especially for this year 2019, Nasdaq is the stronger index to be trading.

It's making higher highs and its retracement is not as deep as compared to the S&P500.

So this is what I mean by a Comparative Strength Analysis which you can compare two similar markets to see their relative performance.

4. Economic calendars

If you trade stocks and you want to know when earnings are coming up, you can right-click and go to settings, events tab, and check these boxes:

  • Show Earning on Chart
  • Show Economic Events on Chart
  • Show Only Future Events

Then press Ok.

Now you’ll see nothing here because there's no economic news for indices.

Stock example

If you go to Apple, you’ll see the earnings and dividends date displayed:

It shows you both the historical and future earnings or dividends.

When they have confirmed the earnings and dividends date it’ll pop up as well.

Forex example

Let’s look at AUD/NZD.

You can see that on 16 and 17 Sept 2019, there is news coming up from one of these 2 countries.

So this keeps you aware of the economic news that could impact your trading.

5. Removing indicators temporarily

If you want to temporarily hide the indicators, click here:

And now it's gone.

If you want to turn it on again, just click on it and the indicator will come back.

And let's say your indicator is at the bottom of the chart.

You can just double click the main chart and indicator at the bottom will be hidden.

You can double click again, and it comes back.

So that's pretty much it for this ultimate TradingView tutorial.

I hope you got massive value out of it and you now know how to use this charting platform like a PRO.

With that said, I wish you good luck and good trading.

And I will talk to you soon!

‹ Previous Lesson
Next Module ›