TradingView Course in English: The Ultimate Beginner's Guide

What You'll Learn in This Complete TradingView Guide

TradingView stands as the world's premier charting platform with over 50 million monthly users. Whether you're day trading cryptocurrencies or swing trading stocks, mastering TradingView gives you a significant edge in today's competitive markets.

This comprehensive guide covers:

• Setting up your TradingView account (free and paid options)

• Navigating the interface like a pro

• Creating and customizing charts that reveal hidden market patterns

• Using indicators to identify high-probability trade setups

• Building watchlists to never miss trading opportunities

• Creating alerts that work while you sleep

• Testing trading strategies before risking real money

Let's transform you from TradingView novice to confident market analyst in the next 15 minutes.

Getting Started: Setting Up Your TradingView Account

Free vs. Paid Plans: What You Actually Need

TradingView offers four subscription tiers that can be accessed from any device, providing flexibility and convenience for users:

Beginner’s Recommendation: Start with the free plan to learn the basics. Upgrade to Pro when you need multiple charts or more indicators for your analysis.

Creating Your First Account in 3 Steps

1. Visit TradingView.com and click "Join Now"

2. Enter your email address (or sign up with Google/Facebook)

3. Create a password and username (your username will be visible to the community)

Your account gives you immediate access to real-time data for most crypto exchanges and delayed data for stock markets (real-time stock data requires a paid subscription).

Navigating TradingView's Interface: Essential Elements

TradingView’s interface can overwhelm beginners. However, mastering it can significantly boost your trading skills. Here’s what you need to focus on:

The Chart Area: Your Trading Command Center

The chart dominates the center of your screen and displays price action. Mastering the chart area is crucial for making informed trading decisions. You can:

• Drag to move around the chart

• Scroll wheel to zoom in/out

• Right-click for context-specific options

• Use the timeframe selector (top menu) to view different intervals from 1-second to monthly charts

Toolbars: Quick Access to Essential Functions

The top toolbar contains:

• Symbol search (find any asset)

• Timeframe selector

• Drawing tools

• Indicators

• Alert settings

• Layout options

The left sidebar features:

• Watchlists

• Data feeds

• Economic calendar

• Community scripts and ideas

First Critical Settings to Change

Before you start analyzing, optimize these settings:

1. Click the gear icon ⚙️ in the top right corner

2. Under "Appearance," switch to dark theme (reduces eye strain)

3. Under "Chart," change "Chart scaling" to "Auto" (improves visibility)

4. Under "Trading," enable "Show trading panel" if you'll connect to a broker

Creating Your First Chart: Step-by-Step

Finding and Adding Assets to Chart

To load your first asset:

1. Click the search bar in the top-left corner

2. Type an asset name (like “BTCUSD” for Bitcoin or “AAPL” for Apple)

3. Select from the dropdown results

4. Choose the appropriate exchange/data provider

Having access to relevant info is crucial for making informed trading decisions. For example, course lectures can offer further details on setting up an account or customizing chart settings on TradingView.

Pro Tip: Use the star icon next to search results to add them to your watchlist for faster access later.

Chart Types: Which One Gives You the Edge?

TradingView offers several chart types, each with specific advantages:

• Candlestick charts: Most popular for seeing price action clearly (open, high, low, close)

• Bar charts: Similar to candlesticks but more compact

• Line charts: Shows only closing prices (cleaner view of trends)

• Heikin Ashi: Modified candlesticks that filter market noise

• Renko: Focus on price movement while ignoring time

Beginner's Recommendation: Start with candlestick charts until you're comfortable with price action analysis. They provide the clearest picture of market sentiment.

Customizing Chart Appearance for Clearer Analysis

Clean charts lead to better decisions. To customize:

1. Right-click on chart and select "Properties"

2. Adjust colors, grid lines, and scale preferences

3. Consider removing unnecessary elements that create visual noise

The Color Scheme That Works: White/green candles for bullish movement and red/black for bearish creates clear contrast for pattern recognition.

Essential TradingView Tools for Beginners

Top 5 Indicators Every Beginner Should Use

Start with these fundamental indicators that can help both novice traders and experienced investors maximize their trading capabilities:

1. Moving Averages: Add 20 and 50-period SMAs to identify trends (when 20 crosses above 50, bullish; below, bearish)

2. RSI (Relative Strength Index): Use 14-period setting to identify overbought (above 70) and oversold (below 30) conditions

3. MACD (Moving Average Convergence Divergence): Shows momentum changes and potential reversal points

4. Volume: Confirms price movements (strong volume validates trend direction)

5. Bollinger Bands: Shows volatility and potential price targets (price tends to return to middle band)

To add indicators:

1. Click the “Indicators” button in the top toolbar

2. Search for the indicator by name

3. Click to add to your chart

4. Adjust settings by clicking the gear icon next to the indicator name

Drawing Tools: Mapping Market Structure

These drawing tools streamline your trading workflows by revealing hidden market patterns and improving efficiency:

• Trendlines: Connect higher lows in uptrends or lower highs in downtrends

• Horizontal Lines: Mark key support/resistance levels where price repeatedly reverses

• Fibonacci Retracement: Identify potential reversal zones (draw from significant low to high)

• Rectangles: Highlight consolidation areas and trading ranges

• Text Notes: Document your analysis and trade rationale directly on the chart

Practice Task: Draw a trendline connecting at least three points on any chart. Watch if price respects this line in future movements.

Creating Watchlists to Track Trading Opportunities

Build custom watchlists to monitor potential trades:

1. Click "Watchlist" in the left sidebar

2. Click "Create New List"

3. Name your list (e.g., "Crypto Breakouts" or "Earnings Week Stocks")

4. Add symbols using the search function at the top of the list

5. Organize by dragging and dropping

Strategy Tip: Create separate watchlists for different strategies or market conditions (like "Strong Uptrends" or "Potential Reversals").

Setting Up Alerts: Never Miss a Trading Opportunity

Types of Alerts and When to Use Them

TradingView offers several alert types:

• Price Alerts: Notify when price crosses specific level

• Indicator Alerts: Trigger when indicators reach certain values or cross each other

• Drawing Tool Alerts: Activate when price interacts with your drawn trendlines or zones

• Condition Alerts: Combine multiple factors for more precise signals

Setting Your First Alert in 4 Steps

1. Right-click on chart where you want the alert (or click the bell icon)

2. Select "Add Alert"

3. Configure conditions, notifications method (email, mobile, sound)

4. Set expiration (one-time, open-ended, or specific date)

Alert Example: To catch a breakout, set a price alert slightly above a resistance level with a mobile notification. Add a condition that volume must be above average.

Advanced Features: Taking Your Analysis to the Next Level

Multi-Chart Layouts for Complete Market Views

With paid plans, create multi-chart layouts to analyze assets across timeframes and enhance your learning experience:

1. Click the “Layout” button in the top toolbar

2. Select your preferred arrangement (2x2, 3x3, etc.)

3. Load different symbols or timeframes in each chart panel

4. Save layouts with meaningful names for quick access

Recommended Layout: For swing trading, set up a 2x2 grid with daily, 4-hour, 1-hour, and 15-minute charts of the same asset to confirm signals across timeframes. This setup aids in learning how different timeframes interact and helps in grasping complex trading concepts.

Pine Script: Creating Custom Indicators

Pine Script is TradingView’s programming language for custom indicators and technical analysis:

• Access Pine Editor via the “Pine Editor” tab

• Start with modifying existing scripts before writing from scratch

• Use the Community Scripts section to find and adapt others’ indicators

Beginner Script Example: This simple script creates a moving average crossover strategy:

//@version=4 strategy(“Simple MA Crossover”, overlay=true) fast = sma(close, 10) slow = sma(close, 30) plot(fast, color=color.blue) plot(slow, color=color.red) if (crossover(fast, slow))     strategy.entry(“Buy”, strategy.long) if (crossunder(fast, slow))     strategy.entry(“Sell”, strategy.short)

Strategy Tester: Validate Before You Trade

Test trading ideas without risking real money:

1. Create a strategy using Pine Script or use community strategies

2. Click "Strategy Tester" panel at bottom of screen

3. Adjust parameters (initial capital, position size, slippage)

4. Review performance metrics (profit factor, win rate, drawdown)

5. Use the bar replay feature to practice in simulated real-time conditions

Key Metric: Focus on drawdown over raw profits. A strategy with 100% return but 80% drawdown is far more risky than one with 50% return and 15% drawdown.

Common Mistakes Beginners Make with TradingView

Avoid these pitfalls:

• Overloading charts with too many indicators (stick to 3-5 maximum)

• Analyzing only one timeframe (always confirm with higher timeframes)

• Ignoring volume in analysis (price movements without volume often reverse)

• Using default indicator settings blindly (customize for your specific asset/timeframe)

• Not understanding long and short positions (crucial for mastering trading strategies)

• Not saving chart layouts and losing your work

• Setting alerts without clear action plans

TradingView Community: Learn from Other Traders

Finding Quality Analysis and Ideas

Tap into the collective wisdom of millions of traders:

1. Click “Ideas” in the top navigation

2. Filter by market, author reputation, and recency

3. Follow analysts whose strategies align with yours

4. Study top-performing ideas (high like counts and comments)

Quality Filter: Look for ideas with clear entry/exit points and risk management plans, not just predictions. Incorporate market analysis to find quality analysis and ideas that help you make informed trading decisions.

Publishing Your Own Analysis

Share your insights to receive feedback:

1. Create and annotate your chart

2. Click "Publish Idea" button

3. Write a clear title and description

4. Include your analysis logic, entry/exit points, and timeframe

5. Tag with relevant keywords for discovery

Improvement Hack: Publishing forces you to clarify your thinking and exposes weaknesses in your analysis.

Connecting TradingView to Brokers: Trading Directly from Charts

Execute trades without leaving your analysis environment:

1. Click your username in top right

2. Select “Broker Connections”

3. Choose from supported brokers (includes Interactive Brokers, TradeStation, FXCM)

4. Follow authentication steps

5. Enable the trading panel on your charts

Connected Trading Benefit: Place orders directly at your analyzed levels without the delay and potential errors of switching platforms. Additionally, use TradingView to access educational courses and resources that teach both novice traders and experienced investors how to leverage the platform's tools for effective charting and executing trades.

Next Steps: Becoming a TradingView Power User

After mastering the basics, explore these advanced capabilities that make the course a good resource for enhancing your trading experience:

• Volume Profile analysis for identifying key price levels

• Creating complex multi-condition alerts

• Building custom indicators with Pine Script

• Automated trading strategies

• Seasonal analysis tools

• Correlation analysis between multiple assets

Conclusion: Your TradingView Journey Starts Now

TradingView transforms from intimidating to invaluable once you understand its core functions. Start with basic charts and indicators, then gradually incorporate more advanced tools as your confidence grows. By the end of this comprehensive TradingView course, you will have acquired the necessary skills and knowledge to implement trading strategies and make informed decisions using the TradingView platform.

Remember: the platform is just a tool. Your success depends on developing a consistent trading strategy, proper risk management, and emotional discipline.

Begin with a free account today, follow this guide step-by-step, and you’ll be analyzing markets like a professional within weeks rather than months or years.

Your First Action Step: Create your TradingView account, set up a basic candlestick chart with RSI and moving averages, then build a watchlist of your top 10 trading instruments.

All TradingView Indicators and Strategies can be automated with WunderTrading's Signal bot to every Top Crypto Exchange!