In this section, you will see the online chart with the TradingView. This section can be expanded left and right using the side arrows (however, in this case, the section with the trading pairs or the order book will be hidden respectively), or displayed in full screen by clicking the sign with small arrows (all the other sections and buttons, for changing the time frame, will be hidden)
Timeframe selection buttons are located in the upper left corner of the section and allow you to select the interval from 1 minute to 1 month. Each chart element will be formed as long as you have set, and at the end of the period, a new element will be formed. Possible intervals:
- minutes (1-5-15-30);
- hours (1-2-4-6-12);
- 1 week;
- 1 month.
The control and configuration tools are located just below.
The button to select the chart type allows you to select the one that is convenient for you to work with. “Japanese candlesticks” are set by default. This type of chart is considered the most useful.
The Japanese candlestick chart clearly shows the price movement over a certain period of time. One candle is one-time interval (in accordance with the one that you’ve set).
The green candle means that the price raised, red — fell. The initial and final prices represent the cryptocurrency value at the beginning and by the end of the time interval. They form the body of the candle.
The thin tails, which form the upper or the lower part of the candle, are called- shadows. They represent the maximum and minimum prices within the specified time frame.
By clicking Indicators, you will see all the available indicators. The necessary one is selected by searching (from one letter) or scrolling through the list.
You can cancel your action or clicking the “return” arrow located to the right of the “Indicators” button:
Finally, by clicking the Show Drawbar button, all the available tools will pop out on the left side of this section. There are 16 different tools in total
Type of cursor (cross, dot, arrow, or eraser).
The key instruments for technical analysis. They are usually used to draw the following metrics: the trend line; support/resistance levels; parallel channels and their varieties (rays, altered channels, etc.).
Advanced graphic tools — from Gann angles, trendlines and boxes to Fibonacci tools, etc.
Gives the possibility to draw different shapes such as triangles, rectangles, curves, etc.
Text elements, flags and arrows.
Patterns — head and shoulders, triangles, Elliott basic waves, cyclic lines, sinusoids.
Risk forecasting and calculation tools, such as the Forecast tool. For example, you can draw a line starting from the last position of the chart to the point where, in your opinion, the price will be after a certain period. Ones the graph reaches your prediction point, the tool will show whether the forecast was successful (symbolised by “Success” in green) or not (“Failure” in red). The blue Forecast menu displays the price change in points, in percent, and the forecast period.
A large spectrum of different icons.
Possibility to enlarge the selected fragment (and after enlarging, a decrease icon appears below).
Magnet mode. It allows to attract object points to the nearest bar prices (maximum, minimum, opening, closing).
Lock all drawing tools.
Hide everything drawn on the chart (or show).
Removing all graphic elements from the chart.
The tree of different objects on the chart.
The settings icon opens a window with several tabs. Here you can customize the display style, scales, background, adjust the time zone and date format.
Finally, the button allows to take a screenshot of the TradingView block.
The current time (according to your computer data) is displayed at the lower right of the section.
And tree buttons, located to the right of the current time, allow you to turn on and off:
- percentage scale;
- logarithmic scale;
- automatic scaling.
Visit the TradingView website for a more detailed description.