Steemit Crypto Academy | Season 3: Week 7 || How to create an account on TradingView, how to use indicators,tools, features of tradingview

samsuccess (64)in SteemitCryptoAcademy • 3 years ago

Am seizing this opportunity to welcome all students to yet another week in crypto Academy, am delighted to be part of this week's class. Thank you Prof. @yousafharoonkhan for the lectures.

Introduction

Cryptocurrency prices are quite volatile and cannot be guessed easily. Prices are affected by lots of factors ranging from demand and supply, social media, etc, and can lead to high inconsistencies. However, traders make use of certain indicators, parameters to make price speculations that are almost always correct. This speculation is usually done while considering periods trends and Charts adding indicators, moving averages, and other useful tools, in such a market, this has proven to be very useful.

Defining the TradingView site and how to register an account in tradingview? what are the different registration plan?

What is a TradingView site

The cryptocurrency space is a marketplace where transactions are executed, however, few strategies are put in place to execute a successful trade. A trading view is be described as a platform where various strategies for trading are harnessed otherwise we can also say that it is an online-based platform with great features which allow users to chat, share ideas, plan trades, and finally come out with a possible price outcome. The tradingview site is very doxed with series of interesting features that can help us plan a trade, it also accommodates trading practices such as forex, stocks, commodities, etc.

Furthermore, the tradingview presents a chatting feature that allowed traders to interact with each other, a group with series of expecting traders can help those who know nothing about the platform, I mean the beginners, who know little or nothing about cryptocurrency trading. In summary, it is a platform where active traders can chat, learn, share ideas that can help inform their trading decisions, however, traders should recall that trades cannot be executed on a tradingview site.

How to register an account in tradingview?

Locating and registering a tradingview isn't quite a difficult task
First, you visit google, search for tradingview

You will see series of tradingview, but click on the first one on top and select it
You can the click the cursor like the image of human being

Tradingview site allows linking you google and other account with its sites, this make account opening very easy
An email verification will be sent to your mail for authorization
Accept terms and conditions and your account will be opened. My account has been running on tradingview.

What are the different registration plans?

The tradingview site is a resource that has proven to be very useful to everyone who trades in crypto and other stocks. It offers a free plan and three (3) paid plan levels as explained below:

Basic

Tradingview basic is free for all plans, it allows a user to access the tradingview but with very limited functionalities and is usually given 30 days. This plan is free and gives the user a fresh and cognitive experience of what the entire platform looks like and getting used to relevant tools. A basic plan can only allow a user to view and utilize one chart at a time.

With pro accounts, you are offered and allowed to use some functions higher than the basic plan at a current price is $14.95 per month. It allows a user to set up at least 10 server signals including an ad-free user experience.

Pro+

This plan is currently costing $29.95 per month, it gives a more advanced experience than the basic and pro. It includes within it all features that can be found in the Pro plan and additional features and information like the ability to set up indicators and access data export functions.

Premium

This is the highest and more advanced plan giving a user access to all tradingview features, tools, including those found in Pro+, and gives users access to unlimited alerts that do not expire. It however priced at $59.95 monthly.

Explain the different features of tradingView and what is your favorite feature and why?

There are lots of features that can make cryptocurrency trading more interesting than we thought:

Search
This is the first feature on the tradingview in the quick search feature. This gives you a quick search on all cryptocurrency pairs on the tradingview site.

Chart
The chart section redirects us to the main trading market view and other important trading tools and other important features.
Market
Just like our conventional market, where we have varieties, the market feature displays all products that can be found on the tradingview platform.
Screener
The screener also displays in the market product as seen below: stock screener, forex screener, and crypto screener. This can be used to filter stock based on your predefined settings. It can screen through all available stocks to find out which best fits a user's preference.
Community
This displays the various communities which are available on tradingview, where any trader can join to learn and also display his or her expertise in trading. On the main market view, we have a series of drawing tools on the left of the screen that a user can explore, and on the left, we have lists of tools for user preferences such as alarm, calendar, public and private chat, notification, etc.

Watchlist

A watch list gives you a display of the tokens you have put under serious observations, instead of going through rigorous search measure, your tokens can be viewed on the watchlist.

My favorite feature is the charts

This is the basis of the entire tradingview, cryptocurrency trading is very important to in order to predict a price. However, most predictions and speculations are done by considering some parameters inputed in the chat, for example the moving averages which are usually 50 for shot and 200 for longer moving averages have something to say about the market trends and this informs a trader whatthe next option is.

Another very favorite feature is the indicator/strategy feature, which allow a user to quickly apply already prepared indicators. This makes the site more easy to use especially for those new users who cannot make use of the drawing and other important tools available at their disposal.

HOW TO SET UP A CHART IN TRADINGVIEW AND USE TWO TOOLS TO EDIT IT

In other to set up a chart in tradingview, visit the chart section
Once that is done a chart body is displayed, Select the setting button and begin to explore

Tool 1 - measuring rule

On the tradingview chart body select tools

Tool 2 - trend line

Visit the chart body and on the left side select the trend line tool

Explain how to add indicator in chart, what is you favorite indicator and why

Adding indicator in the chart can be done in the chat body section
On the chat body select the indicator feature and click on it
You will see a whole lists of indicators that can be used on the chart.
Select your preferred indicator and click it to be viewed on the chart.

Example
In my example I would like to add moving average both 50 and 200 MAs

Select Moving Averages and adjust first to 50 day MA

still on the same setting and on the same chart set 200 day MA

Result

Do you think tradingview is useful in predicting the market for cryptocurrency

The tradingview is very important tool in cryptocurrency price predictions as they extremely volatile assets. An example of a tool mostly used by traders are support and resistance technique because they the concepts are very easy to understand and difficult to master. With the tools available in the tradingview site, this locations can easily be identified.

Trend analysis are also ultimately very essential in determining the direction of any security, these are usually based on the principle relating to higher highs, higher low, lower highs, lower lows and vice versa. This helps trader to have idea of the bigger picture of what the future cycles could be. This can be done using trend lines and taking some price zones into considerations. This will help predict the future price however.

Conclusion

The topic of discussion has been tradingview and we have discovered that trading view is a very important site for predicting the cryptocurrency market as well as prices of stocks and The site is rich in tools and feature that can make it a great experience for users. Most traders have found it very useful both for beginners and advanced level traders. Beginners have the privilege of being tutored by expect traders who have been in cryptocurrencies for a while.

Cryptocurrency price predictions are more accurate when viewed on charts and the tradingview has provided to its users for subscriptions, once you login, a free 30 days trail period is given to master the tools and features though with limited accesses but you could be given more access according the subscription in which you belong.

THANK YOU RESPECTED

#cryptoacademy #yousafharoonkhan-s3week7 #market #tradingview #charts #indicators

3 years ago in SteemitCryptoAcademy by samsuccess (64)

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yousafharoonkhan (75) 3 years ago

Respected first thank you very much for taking interest in SteemitCryptoAcademy
Season 3 | intermediate course class week 7

Criteria	Calculation out of 2	remarks
Presentation/quality	1.5	thank you very much for taking participate in intermediate class course
Originality	2/2
Compliance with Topic	1.6
Clarity of Language	1.5
Quality of Analysis	1.5
*Grand total*	*8.1*	looking good

thank you very much for taking interest in this class

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samsuccess (64) 3 years ago

Thank you sir.

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