Summary
Highlights
This section introduces the TradingView platform, aiming to be the best tutorial for 2025. It addresses common beginner questions and emphasizes signing up for an account to avoid pop-ups and losing work. A special link is provided for free sign-up, offering a $15 discount on a future paid subscription. Different TradingView plans (Basic, Essential, Plus, Premium) are discussed, with recommendations to start with the free or essential plan, or utilize the 30-day free trial of premium features.
The tutorial then moves to the TradingView home screen, highlighting tabs like Products, Community, Market News, and a search bar. The first crucial step is learning how to open a chart. This involves navigating to the 'Products' tab and selecting 'Supercharts'. It explains how to identify the current asset and time frame displayed on the chart, and how to open a new chart by searching for ticker symbols for stocks, cryptocurrencies, and other assets. The concept of exchanges for cryptocurrencies is also clarified.
This part focuses on reading price movements, specifically through candlestick charts, which are the most common chart type. It explains the components of a candlestick: open, close, high, and low, for both green (upward price movement) and red (downward price movement) candles. The concept of time frames is briefly introduced, illustrating how each candlestick can represent different periods (e.g., daily, 15-minute). The section also briefly contrasts candlesticks with line and bar charts, highlighting why candlesticks provide more information.
This segment teaches effective chart navigation, including zooming in/out horizontally using the mouse scroll wheel and vertically by dragging the price axis. It also explains how to drag the chart around. The 'Auto' function for automatic chart scaling and the 'Logarithmic' scale are discussed, with explanations of their utility and why the normal scale is generally preferred for recent prices. Finally, customization options are covered, such as switching to dark mode and changing chart element colors via settings.
This section dives into crucial drawing tools. The trend line tool is introduced for identifying and drawing trends (uptrends and downtrends) and chart patterns like ascending triangles. The horizontal line tool is shown for marking support and resistance levels. A preferred alternative, the rectangle tool, is introduced to draw support and resistance 'zones' rather than precise lines, as real-world price reactions often occur over a range. This section uses Tesla and Bitcoin charts as examples.
The Fibonacci retracement tool is explained, focusing on its percentages (e.g., 61.8%, 50%, 38.2%) and how they represent price pullback levels in a trend. Its practical application in identifying potential reversal points in an uptrend is demonstrated using a Bitcoin bull run example. Following this, the 'Long Position' and 'Short Position' tools are introduced for planning trades, defining entry, target (take profit), and stop-loss levels, and calculating risk-to-reward ratios.
This comprehensive part covers how to find and use indicators in TradingView. It demonstrates opening the MACD (Moving Average Convergence Divergence) indicator, explaining it measures momentum and can be used to identify divergences. Next, the volume indicator is introduced, showing how it measures trading activity for each period and its significance in confirming price movements, especially breakouts. Finally, the Relative Strength Index (RSI) is discussed as another momentum indicator, highlighting its use in identifying overbought/oversold conditions and divergences.
This segment explains time frames in detail, showing how to switch between daily, hourly, or 5-minute charts. It discusses how the choice of time frame depends on individual trading style (e.g., daily for busy individuals, 5-minute for day traders). The concept of multi-timeframe analysis is introduced, where Traders analyze multiple time frames simultaneously for more precise entry and exit points. It's noted that using multiple charts on one screen (which requires a paid plan) facilitates this.
The tutorial demonstrates the utility of TradingView's screeners for finding trading opportunities. It explains how to use the stock screener to filter companies based on various criteria like market (e.g., USA), index (e.g., S&P 500, NASDAQ 100), price changes, or technical indicators like RSI. The crypto screener is also shown, working similarly to filter cryptocurrencies by rank and other metrics, emphasizing the vast customization options available.
This section introduces the 'Replay' tool, a powerful feature for practicing trading and backtesting strategies. It explains how to jump back in time on a chart, play back price action at different speeds, and pause to analyze and practice trade decisions. This tool is highlighted as essential for refining trading skills without real financial risk.
The tutorial addresses whether real trading is possible within TradingView, confirming it is through integrated brokers. More importantly for beginners, it introduces 'Paper Trading,' a simulator using fake money. It guides users through setting up a paper trading account, adjusting settings (like leverage and starting balance), and placing simulated market orders for buying and selling assets, including setting take-profit and stop-loss levels. The process of monitoring and closing positions is also covered.
This part explains how to set up alerts in TradingView to get notified of significant price movements or indicator conditions. It demonstrates creating a simple price alert (e.g., for a new all-time high) and then an advanced alert based on an indicator (e.g., RSI being above a certain value, signifying overbought conditions). The notification options (in-app, email, sound) are mentioned, along with the limitations of alerts on the free TradingView plan.
As a bonus, the video presents a tier list ranking 21 popular TradingView indicators from S (best) to D (worst) based on the presenter's personal opinion. Indicators like ATR, Volume Profile, MACD, Volume, Auto Candlestick Patterns, Auto Chart Patterns, RSI, Simple Moving Average, Hull Moving Average, Exponential Moving Average, Fibonacci Retracements, Fibonacci Circles, Trend Channels, Pivot Points High and Low, Fibonacci Extensions, Fibonacci Channels, Smart Money Concepts, Price Action, Market Structure, and Support & Resistance are ranked and briefly discussed for their utility and personal preference.
The tutorial concludes by encouraging viewers to continue their trading education through a provided playlist of free educational courses on the channel, emphasizing continuous learning for success in trading.