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How to add a text note to your TradingView chart ?

How to add a text note to your TradingView chart ?

Dec 25, 2022 |

Are you looking for an easy way to capture your trading ideas, thoughts, notes and observations? . Adding a text note to your TradingView chart symbol is a great way to keep track of your insights.

Here’s how you can add a text note to your TradingView chart symbol in just a few simple steps:

  1. Open your TradingView chart.
  2. Right-click on the chart and choose the ‘Add Text note for …’ option. Alternatively, you can press Alt+N (Mac) or Option+N (Windows) on your keyboard to open a new text note.
  3. In the side window that opens up, you’ll see your watchlist at the top and a text box with ‘Type Something’ towards the bottom right-hand side.
  4. Write your text note in the ‘Type Something’ box.
  5. Click on ‘Add note’ to save your note.
  6. Repeat steps 2-5 every time you want to capture a note.

By following these steps, you can easily add a text note to your TradingView chart symbol and keep track of your ideas, thoughts, and observations. Give it a try and see how it can help improve your trading.

Remember, capturing your notes is crucial to your success as a trader.

It allows you to review your thoughts and ideas and make better-informed decisions in the future. So, don’t hesitate to add notes to your TradingView chart symbols!

Next Read: How to export TradingView chart data ?

A Beginner’s Guide to Using Moving Averages in Technical Analysis

A Beginner’s Guide to Using Moving Averages in Technical Analysis

Dec 21, 2022 |

Introduction:

Moving averages are popular technical analysis indicators used by traders and investors to identify the direction of upward or downward trends in securities. In this article, we’ll explore the different types of moving averages and how they can be used to derive trends in financial markets.

Type of Moving Averages

There are several varieties of moving averages, including the Simple Moving Average (SMA), the Exponential Moving Average (EMA), and the Weighted Moving Average (WMA). The length of the moving average is a crucial parameter that traders consider to identify trends.

  1. Simple Moving Average (SMA): An arithmetic mean of security prices over a set number of days, typically 10, 20, 50, 100, or 200. The length of the moving average is an important parameter that traders use to identify trends.
  2. Exponential Moving Average (EMA): A weighted average that places greater emphasis on recent price action.
  3. Weighted Moving Average (WMA): This is similar to the exponential average, but with equal weight given to each day.

Steps to apply Moving Averages onto TradingView Charts :

Follow the instructions in below images to apply Moving Average indicator on TradingView Chart.

TradingView Indicators - Moving Averages Step 1

Instruction: Go to Indicators

 

TradingView Indicators - Moving Averages - Step 2

Instruction: Select the Moving Average

  

TradingView Indicators - Moving Averages - Step 3

Instruction: See the moving average line displayed on the chart

TradingView Indicators - Moving Averages - Step 4

Instruction: Adjust the moving average line parameters by double clicking on the line

 

Psychology of Moving Average Indicator:

The underlying psychology of the moving average indicator is that it smooths out price fluctuations. Average price is calculated over a set number of days. Accordingly, raders can use the direction of the moving average line on a price chart to determine whether a security is in an uptrend, downtrend, or ranging.

After applying the moving average indicator, if the price of the security is above the moving average line, it signals an uptrend. If the price of the security is below the moving average line, it signals a potential ongoing price reversal based on the moving average.

 

Strategies to identify Moving Average Indicator: 

Traders often use crossover strategies to identify trend and sentiment changes in financial markets. There are two primary types of crossover strategies:

  1. Price crossover strategy: This involves identifying when the price of a security crosses themoving average line. If the price is above the moving average line, it indicates an uptrend. If the price is below the moving average line it signals a downtrend.
  1. Moving Average Overlap strategy: This involves applying two moving averages (one shorter-term and another longer-term) on the same price chart of a security. The point at which these two moving average lines merge is known as a crossover. Traders consider the sentiment to be bullish if the security consistently moves above the crossover, and bearish if it moves below.

Conclusion:

Moving averages are a powerful tool in the technical analysis toolkit that traders and investors can use to identify trends and sentiment changes in financial markets.

By understanding the different types of moving averages and their application in crossover strategies, traders can make more informed investment decisions. So, to stay ahead in the markets, it’s important to incorporate moving averages into your technical analysis strategy.

Practice Moving Average – Beginner

Practice Moving Average – Intermediate

Practice Moving Average – Advanced

 

Next Read:  Exponential Moving Averages

FinTorro.com sponsoring prizes at The London Investor Show 2022!

FinTorro.com sponsoring prizes at The London Investor Show 2022!

Oct 26, 2022 |

Fintorro.comare sponsoring prizes at the London Investor Show 2022!
If you are in London on 27th October 2022, register and attend for free using our special code below.
Tickets usually cost save 25 GBP!
You will have an opportunity to win prizes with a total worth of 2000 GBP including below Fintorro-sponsored prizes 

  • FinTorro Plus 1 Year Subscription for 2 people worth 240 GBP.
  • FinTorro Gift bag worth 100 GBP.

 Complimentary code to book tickets: FINTORRO22 

Register to Attend – London Investor Show 2022

                        

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Top 10 people to follow in crypto & blockchain

Top 10 people to follow in crypto & blockchain

Jul 11, 2022 |

Here are some important people who significantly contribute to crypto and blockchain technologies. Click on the links to read more:

Next Read: 10 must-read books for a beginner financial trader and investor!

 

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How to set alert(s) on your Tradingview chart?

How to set alert(s) on your Tradingview chart?

Jun 27, 2022 |

Did you know that the Tradingview.com charts allow you to get notified so that you can know when the price of a security reaches your target? Alerts are super useful and can save you a lot of screen time. Follow the below steps to learn how to set alerts on the Tradingview price chart.

 

1 Visit TradingView.com or open your desktop client and make sure you are logged in.
2 Open your chart.
3 Point your mouse on the price you want to get notified.
4 You will see a + button.

Tradingview Tips - How to set alert(s) on your Tradingview chart

Tradingview.com – Chart Alert + icon

5 Click on the + button to see a menu with the first option – ‘Add an alert for .. “.
6 Choose the ‘Add an alert for ..’ option.
7 You will now see a horizontal line running across the chart – Which means you have successfully set an alert at the price level.
8 Double-click on the horizontal line to customise the alert with some advanced options i.e email, popup, sound notifications, and message to show in the alert.
9 To remove the alert from your chart, right-click on the horizontal line and choose the ‘Remove’ option.

#Pro tip: On your Tradingview.comchart, press Alt + A ( Mac ) or Option + A ( Windows ) on the keyboard to show the advanced alert options window on the chart screen.

Next Tip to Read: How to find the latest news headlines specific to the chart you are looking at on Tradingview?

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10 must read books for a beginner financial trader and investor!

10 must read books for a beginner financial trader and investor!

Jun 24, 2022 |

A Room without books is like a body without a soul – Cicero

Like any other skill, reading book(s) is a must if you want to learn in financial markets continuously.
Here are the Top 10 must-read books we recommend you should read as a beginner.

Next Read:10 key questions in your trading plan – why, what, how?

How to use strategy tester in Tradingview ?

How to use strategy tester in Tradingview ?

Jun 20, 2022 |

Did you know that Tradingview.com charts will allow you to build & test your own strategies on any chart?
Follow the below steps to learn how to use the ‘strategy tester’.

1 Visit TradingView.com or open your desktop client and make sure you are logged in.
2 Open your chart.
3 Click on the ‘Strategy Tester tab which is in the bottom navigation pane of your chart window.
4 Click on the ‘Load your Strategy‘ button which will open a pop-up window.
5 Click on the Strategies tab ( just below the Indicators tab ) and you will see a list of existing strategies.
6 Click on any of the strategies and you will see the ‘chart’ has now up and down coloured arrow(s)
7 Click the top arrow on the pop window to close.
8 You ‘Strategy Tester’ will have an Overview, Performance Summary and List of trades data which to help with your backtesting on your chart.

TradingView Tips - Strategy Tester

Image: Tradingview.com – Strategy Tester

Image: TradingView Tips - Load Startegy Tester Popup

Image: TradingView Tips – Load Strategy Tester Popup

#Pro tip: PineScript Editor Tab in the bottom nav tab will have the script which you can modify to create your own strategy and start testing on the Tradingivew.com historical data

Next Read: How to find the latest news headlines specific to the chart you are looking at on Tradingview?

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How to find the latest news headlines specific to the chart you are looking at on Tradingview?

How to find the latest news headlines specific to the chart you are looking at on Tradingview?

Jun 13, 2022 |

Did you know that on Tradingview.com you can find the latest news headlines specific to the chart you are currently viewing?

Follow the below steps to learn how to do it.

1 Visit TradingView.com or open your desktop client and make sure you are logged in.
2 Open your chart
3 Click on the third icon from the top on the far right-hand side( below Publish button in blue) 

Tradingview.com News Headline for a chart

Image: Tradingview.com News Headline for a chart

4 You will a window slide open to the left which has all the news headlines.
5 Start from the top to read through all the latest news headline(s) specific to the chart you are currently viewing.
6 If you change the security symbol in the chart then your news headlines feed automatically changes.

#Pro tip: If you want to read detailed news of a headline then click on the headline to open a popup window. After you finish reading close the popup window by clicking ‘X’ on the far right-hand side to return to your chart view with news headlines.

Next Read: How to change your TradingView Chart background colour?

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10 key questions in your trading plan – why, what, how ?

10 key questions in your trading plan – why, what, how ?

Jun 10, 2022 |

Trading & Investing in financial markets is a professional activity and your trading plan is a tool which can help you have clarity on what, why and how you are doing it. Here are the top 10 important questions and answers you need to know about the trading plan which can help you to make better decisions.

Risk comes from not knowing what you’re doing – Warren Buffett

Q: What is a Trading & Investing plan?
A:
A trading plan is a document which has information about your goals, strategies and most importantly why you are trading & investing in financial markets. 

Q: Why do you need a Trading & Investing plan?
A:
Trading & Investing in financial markets involves you having to make regular decisions which mostly are to do with buying, selling, and holding financial securities. Having a trading plan will help you to be calm, and rational and avoid making bad emotional decisions which can be costly sometimes!

Q: How you should use the Trading Plan?
A:
As a best practice, you should look at your trading plan before you enter /exit a trade or investment.

Q: What are the key questions you should have answers for in Trading Plan?
A:
Here are the top 10 questions you should have answers to in your Trading Plan.
1 What are my Short ( 1-2 years ) & Medium ( 3-5 years ) term goals?
2 How much trading capital do I have?
3 What markets will I trade and invest in?
4 What is my risk-reward ratio?
5 Do I have sufficient Market knowledge or do I need to do some training?
6 What are my criteria for entering into trade/ investment?
7 How will I manage /monitor my positions in the market once they are open?
8 What are my risk management rules per trade? i.e Document your total capital// budget for trading, risk /reward ratio?
9 How many hours do I have to commit daily / weekly for trading/investing?
10 What type of trader am I?

Q: What are the potential consequences if you don’t have a personal Trading Plan?
A:
Bad decisions, Fear, Anxiety, Greed, Becoming Irrational, and Financial losses.

Q: How often to review & update your Trading Plan?
A:
You should attempt to review it every week and update it every month if necessary.

Q: Is there a basic trading plan template I can start using?
A:
We have put together a basic trading plan template which you can start using and customize according to your needs. You can 

Next Read: What is the difference between financial trading and investing?

 

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How to change your Tradingview chart background colour ?

How to change your Tradingview chart background colour ?

Jun 6, 2022 |

Introduction:

We will explain how to customise the background color  of your tradingview chart personalized trading experience.

Steps

Step 1: Open TradingView and Load a Chart

  1. Navigate to the TradingView website or desktop app.
  2. Log in to your account.
  3. Load the chart of the asset you’re interested in.

Step 2: Locate the Settings Button or Right click and choose Settings option

  • Find the “Settings” button on the toolbar at the bottom of the chart.  Note: The icon looks like a gear  (or)
  • Right click and choose settings option

Step 3: Select Canvas & Choose Options

  • Select Canvas option on the left hand side 
  • First option is the ‘”Background” option.
  • Click on the color box next to “Background.”
  • Choose your desired color from the color picker, or enter a custom color code.
  • Click “OK” to set the new background color.
  •  Save and Apply

Once you’re satisfied with the new background color, click “OK” at the bottom of the “Chart Settings” dialog to apply the changes.

Step 4: Optional – Save as Default 

If you want to make this background color your new default for all charts, click on the “Template” button on the toolbar at the top of the chart.

Choose “Save As” and save it as your default template.

Next Read: How to hide /unhide all drawings, indicators, text, and position orders on your TradingView charts?

Difference between trading and investing in financial markets?

Difference between trading and investing in financial markets?

Jun 3, 2022 |

Financial Trading & Investing strategies are used by millions all around the world to grow their wealth. As a beginner, here are the most important answers you need to know to understand the difference between trading and investing in financial markets.

Q: What is Financial Investing?
A: Financial Investing is a medium to longer-term (months/ years!) approach to profiting from the price movement of financial assets.
Q: What is Financial Trading?
A: Trading is a shorter-term ( months, weeks, days, seconds! ) approach to profiting from the price movement of financial assets.

Q: What is the difference between Investing and Trading?
A:

 

Q: As a beginner, Is Investing or Trading – right for me?
A: There is no right or wrong answer as it all depends on personal circumstances. Somethings key things to think about as a beginner when making a trade or investment decision are as below:

  • Understanding of specific markets you want to trade or invest.
  • Financial Goals/ objectives
  • Risk tolerance
  • Time availability of you to dedicate towards research/ monitoring
  • Capital availability.

Always do your due diligence before making a financial decision(s) and most importantly make sure you re-evaluate your decision(s) on a regular basis.

Remember to Know what you own, and know why you own it — Peter Lynch

Read Next: How to handle and avoid trading burnout?

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Step-by-Step Guide: How to Temporarily Hide or Unhide Analysis Data on TradingView

Step-by-Step Guide: How to Temporarily Hide or Unhide Analysis Data on TradingView

May 30, 2022 |

Introduction:

TradingView.com charts can become cluttered with all your analysis data, making it hard to see a clear view. Luckily, TradingView offers options to temporarily hide or unhide some or all of your analysis data on a chart. In this post, we’ll show you how to do it and also provide a pro tip to make it even easier.

TradingView Tips - hide/unhide analysis data

Image: TradingView.com chart Drawing Panel

 

Instructions to hide/ unhide analysis data on TradingView Charts:

Steps to Hide/Unhide Analysis Data on Your TradingView.com Chart

Step 1: Look for the Drawing Panel on the left-hand side of your chart.

Step 2: Click on the arrow beside the Eye-like Icon (second from the bottom, above the bin-like icon).

Step 3: You will see the following options:

  • Hide Drawings
  • Hide Indicators
  • Hide Positions
  • Hide All

Step 4: Click on one of the above options, and you will see the respective data removed or added back.

Pro Tip:

Press Ctrl+Alt+H (Windows) or Cmd+Opt+H (MacOS) on your keyboard to quickly hide or unhide your last selected option from Step 3. TradingView automatically detects your last selected option and performs the action when you press these keys on the keyboard.

Conclusion:

By following these simple steps, you can quickly hide or unhide all your analysis data on your TradingView chart for a clearer view. Whether you’re a beginner or an experienced trader, having a clean chart can make a big difference in your trading decisions.

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Read Next:  How to find advanced technical summary of your Tradingview chart ?