How to Use Tradingview for Beginners: The Complete Guide

Since its launch, Tradingview has continued to gain popularity among traders and investors worldwide. With comprehensive market data, a wide range of analytical tools, and a large trading community with fast and convenient usability, Tradingview has become a model platform for beginner traders who want to learn market analysis. This article will guide you through a detailed exploration of Tradingview to ensure your start is smooth, and help you discover interesting features for your future trading.

What is Tradingview

Tradingview is a provider of financial market data and technical analysis tools that consolidates asset information from around the world into a single platform. It allows traders to view the overall financial market from multiple perspectives, whether it’s stock indices, digital assets, foreign currencies, futures, or bond markets.

Traders can analyze these data in depth for individual assets, use Pine Script to create custom indicators (Indicators), set alerts, and backtest trading strategies—all within one platform.

Tradingview started as a small fintech company, raising $37 million dollars in Series B funding in 2018, and merged with TradeIT in 2019. Currently, Tradingview is not only an asset data provider but also an open-source community platform for traders, allowing users to share ideas, strategies, and trading scripts. Today, Tradingview has over 50 million users worldwide.

Overview of Tradingview and Main Components

Tradingview is accessible via web browsers, mobile devices, and tablets. When you open the web browser, you will see the Tradingview interface consisting of four main sections:

1. Left Slide Menu

A shortcut menu including:

• Products (Products): Choose tools such as price charts (Supercharts), asset scanners (Screeners), economic calendar
• Community (Community): Help traders consult or find ideas from other traders, including Overview, Live streams, Trading ideas, Education, and Scripts
• Markets (Markets): Show market overview data, global market info, and research to support trading decisions

2. Right Menu Bar

Contains frequently used tools:

• Watchlist: Displays price movements of assets you’ve saved
• Alerts: Your set notifications
• Hotlist: Assets currently gaining high interest
• Calendar: Important economic events for the day
• My Ideas: Save your trading ideas from chart usage

3. Main Page Body (Body

Displays main content in order:

• Market overview
• Curated editor picks
• Data streams
• Featured topics
• Stock information
• Digital asset data
• Currencies
• Futures
• Bonds
• And the trading community

How to Use Charts on Tradingview

) Accessing Supercharts

Available via the Products menu in the slide menu or directly at www.tradingview.com/chart

Top Menu Bar

The top left menu bar contains the most frequently used tools:

• Symbol ###Symbol(: Shows the current asset; click + to change to another asset
• Timeframe )Timeframe(: Select from 1 minute to hourly, or customize as needed
• Chart Pattern )Pattern(: Choose from various styles like Bar, Candles, Line, Area
• Indicators )Indicators(: Access over a thousand popular indicators
• Indicator Templates: Use pre-configured indicator sets
• Alerts )Alerts(: Set conditions, frequency, and expiration for alerts
• Replay )Replay(: Replay past price movements over selected periods

The top right menu bar:

• Multiple Chart Layouts: Adjust how multiple assets are displayed on one screen
• Saved Layout Name: Save and load your chart and tool settings
• Search: Find tools or functions from the library
• Chart Settings: Adjust price scale, logo, background, etc.
• Full Screen Mode: Expand chart to full screen; press ESC to exit
• Save Image: Save or share current chart image
• Publish: Share your chart ideas with the Tradingview community

) Left Toolbar

Located on the same page as Tradingview’s homepage: Watchlist, Alerts, Hotlist, Calendar, My Ideas

Right Toolbar

Drawing tools:

• Line ###Line(: Draw trend lines
• Fibonacci: Find support and resistance levels
• Drawing Shapes: Draw various shapes
• Text: Add descriptive text
• Symbols: Insert icons to highlight key information

) Bottom Toolbar

Advanced features:

• Stock Screener: Search and filter assets
• Pine Editor: Write and manage Pine scripts
• Strategy Tester: Backtest strategies
• Trading Panel: Place buy/sell orders

How to Use Stock Screener to Filter Assets

Stock Screener helps traders set conditions to filter assets they want to monitor.

Customizable Sections:

• Refresh Button: Set data update frequency ###Press manually or refresh every 10 seconds/1 minute(
• Display Options: Choose formats like Overview )Overview(, Performance )Performance(
• Export Data: Export filtered data as CSV files
• Time Range: From 1 minute to 1 month
• Market Selection: Limit to specific markets, e.g., US stocks, Thai stocks
• Filtering Conditions: Three main categories
  • Descriptive: Filter by market, industry
  • Financial: Filter by PE, ROA, ROE
  • Technical: Filter by trading volume, price change, volatility, momentum

After setting conditions, click refresh to view results, and you can export data for further analysis.

How to Use Strategy Tester to Backtest Strategies

Strategy Tester applies strategy conditions to historical price data of the selected asset.

) Usage Steps:

1. Select Strategy Tester from the bottom menu
2. Click Load your Strategy to choose the strategy to test

For example, the BarUpDn strategy has conditions:

• Open Long when a green candle closes above its open and the open > previous close
• Open Short when a red candle opens below the previous close
• Close all positions when losses reach a set amount

Results:

The bottom section shows performance summary:

• Performance Summary: Total profit/loss, number of trades, win rate
• List of Trades: Trade history
• Properties: Strategy settings

If the tested strategy is not yet effective, traders can:

• Modify conditions by writing Pine Script themselves
• Or choose scripts from the community ###Community Scripts(

Summary

All of the above are essential and useful ways to operate Tradingview. It offers customizable price charts, a variety of indicators, drawing tools, alert settings, and features for creating strategies, filtering assets, and backtesting performance.

Tradingview can also be applied across various asset classes from markets worldwide, with a user-friendly interface that doesn’t require Python or coding knowledge, making it accessible for beginners to start immediately.

No wonder Tradingview has become a popular platform among modern traders, with comprehensive features and support from a large community of over 50 million traders worldwide.