Kunal Saraogi
Charting software used to cost a lot, but now it’s easy to view charts on TradingView on your phone. You can even create your own portfolio index and compare stocks to see their performance. Additionally, Kuku FM offers a platform to listen to thousands of audio books and book summaries.
Unlocking the Power of TradingView: An Introduction to the Leading Charting Platform
Introduction: The Evolution of Charting Software
The emergence of charting software has revolutionized the way traders approach investing. Gone are the days when charting software would cost lakhs of rupees and require tremendous effort to view charts. Today, with TradingView, you can view any chart you want, wherever and whenever you want it, and in real-time. In this video/article, we explore the power of TradingView and how to use it to identify strong trades.
Getting Started with TradingView
If you’re new to TradingView, you can quickly and easily access the platform by going to tradingview.com and selecting “chart” on the products tab. Once you access the chart, you’ll have access to hundreds of indicators, tools, and options, making it the most popular charting platform in the market today.
Features of TradingView
While the basic functions of TradingView are easy to use, there are several other features that can be used to identify strong trades. In this article, we explore some of these features and how they can be used to make profitable investments. But before we delve into these features, it’s important to note that true knowledge, whether it be of charts, markets or life, can be found in books. And with the rise of audiobooks, gaining knowledge has never been easier. One great platform for audiobooks is Kuku FM, which contains thousands of audio books and book summaries that can help you enhance your knowledge.
Creating Your Own Index
One of the great features of TradingView is the ability to create your own index. While there are several indexes available such as Nifty and Banknifty, you can create an index comprising of stocks in your portfolio or related to a particular market or industry. You can choose to add technical indicators to your index and track its performance against Nifty as well.
Comparing Stocks with TradingView
Another powerful feature of TradingView is the ability to compare any stock with another stock, Nifty, Banknifty, or any foreign index. This feature provides you with an easy way to compare the performance of stocks and indices to help you identify underperforming or outperforming stocks.
Drawing Tools and Indicators
TradingView comes with various drawing tools and indicators that can be used to identify strong trades. Some tools include the Fibonacci, horizontal line, and trend lines, which can help you spot potential breakouts and breakdowns in the market.
Watchlists and Screener
TradingView also provides users with watchlists and screeners to help filter and track stocks based on certain criteria such as price, volume, and other technical factors. You can customize your screener and watchlist to meet your investment goals and objectives.
Conclusion: Unlock the True Potential of TradingView
TradingView is an essential tool for traders and investors, and with its many features, can help you make profitable investments. By creating your own index, comparing stocks with one another, and using drawing tools, indicators, watchlists, and screeners, you can unlock the true potential of TradingView and take your investments to the next level.
