Summary
TradingView is a browser-based charting platform and screener for cryptocurrencies and other financial assets. Its charting tools are also integrated into Binance’s trading interface. Beyond charting, you can share trading strategies and stream your analysis in real-time.
The free version of TradingView is powerful enough for users of all experience levels, covering most traders’ needs. However, exercise caution when browsing community ideas—always evaluate information critically rather than blindly following others.
Introduction
For technical analysis enthusiasts, robust charting tools are essential. TradingView caters to both novice and experienced traders with versatile features, including a free membership option—a practical alternative to expensive platforms like Bloomberg Terminal.
Binance users may recognize TradingView’s integrated tools, which can initially appear overwhelming. This guide breaks down TradingView’s functionalities for beginners.
Key Features of TradingView
TradingView enables users to:
– Customize technical indicators
– Create detailed charts
– Analyze financial assets using universally recognized patterns and trends
– Operate entirely via browser (with iOS/Android apps available)
👉 Master TradingView with these pro tips
Navigating TradingView’s Interface
Toolbar 1
Contains direct charting tools (trendlines, long/short position markers) with right-click options for advanced settings.
Toolbar 2
Controls chart display (candlestick, line, area charts) and includes:
– Asset search bar
– Indicators & Strategies: Preloaded analysis templates (e.g., moving averages)
Toolbar 3
Non-brokerage features:
– Trading Panel: Links to partner brokerages (requires existing accounts)
– Strategy Tester: Backtest trading strategies
Toolbar 4
Social and news features:
– Custom watchlists
– Private messaging
– Ideas and Streams sections
– Personalized economic calendar
Chart Area
Displays real-time adjustments to assets, tools, or indicators. Fully customizable (details below).
Customizing Your TradingView Charts
Right-click the chart → Settings to modify:
1. Symbol: Adjust candlestick colors.
2. Status Line: Toggle OHLC data or bid/ask spreads.
3. Scales: Add price markers (e.g., daily high/low).
4. Appearance: Change gridlines, backgrounds, or axes.
5. Trading: Broker-specific visual tweaks (if logged in).
6. Events: Display dividends/splits on charts.
Time Intervals: Click the top-left dropdown to toggle between seconds/months. Favorite intervals appear in the toolbar.
All edits auto-save—even after logging out.
👉 Optimize your charts like a pro
Drawing Key Technical Indicators
Trendlines
- Select the Line Tool (left toolbar); enable Magnet Mode for precision.
- For downtrends: Anchor at swing highs (points 1–3). Validate with ≥3 touches.
- Breakouts (point 4) signal trend reversals—redraw accordingly.
Pitchfork (Andrew’s Tool)
- Choose Pitchfork under drawing tools.
- Mark three points: start/end of trend + intermediate swing.
- The resulting “fork” identifies support/resistance zones.
- Combine with other indicators for risk mitigation.
TradingView’s Social Network
- Ideas: User-shared charts/videos (quality varies—vet carefully).
- Streams: Live trading sessions (beta feature; limited content).
Community discussions are opinion-based—never treat them as investment advice.
Pros and Cons of TradingView
| Pros | Cons |
|---|---|
| ✔ Browser-based (no downloads) | ❌ Inconsistent community content |
| ✔ Free tier with core features | ❌ Support limited to paid users |
| ✔ Server-side price alerts | ❌ Few brokerage integrations |
| ✔ Binance integration | ❌ Delayed data for some assets |
| ✔ Pine Script for custom indicators | |
| ✔ Multi-asset coverage (stocks/crypto) | |
| ✔ Built-in backtesting |
FAQ
Q: Is TradingView free?
A: Yes, with optional paid tiers for advanced features (e.g., more indicators).
Q: Can I trade directly on TradingView?
A: No, but it links to partner brokerages if you have existing accounts.
Q: How accurate are TradingView’s stock prices?
A: US equities pull from Cboe BZX—minor discrepancies may occur vs. primary exchanges.
Q: Is TradingView good for beginners?
A: Yes, but avoid speculative community content until you’re confident in your analysis.
Q: Does TradingView support mobile?
A: Yes, via iOS/Android apps with full browser functionality.
Conclusion
TradingView excels as a free, feature-rich charting platform—ideal for learning technical analysis and backtesting strategies. While its social features require discernment, the core tools are invaluable for traders at any level. Start with a free account to explore its capabilities before considering premium upgrades.
For more trading insights, check out our advanced guides!
👉 Explore expert trading strategies