Hello Traders, Iím Luke from Disciplined
Trader. This video is a complete tutorial for the
charting platform Trading View. I will be covering the majority of the most
commonly used aspects the platform has to offer and I will add a contents with time
links in the description below if you want to skip back or forward to a particular part
at any time. I will also give some of my thoughts on the
platform at the end of the video. Just before we start, I want to let you know
that if you find the video useful and want to open a trading view account, there will
be an affiliate link to Trading View in the description below where you can test the platform
for free and set up a free account with Trading View. I will add a short section at the end of this
video explaining how to sign up using my affiliate link if you do want to upgrade to a paid account. Huge thanks if you do use the link and now
letís get started with the tutorial To set up a Trading View account you need
to go to www.tradingview.com. If you are not in the United States, it will
likely ask you if you want to go the website for your country, as you can see it is asking
me if I want to go to the UK version as I am based in the UK. Just click yes and wait to be redirected. You can now click ëJoin for Freeí to set
up a free account with Trading View. This will then bring up a sign-up form, simply
complete the form and click sign up. It will then ask you to confirm your account
by clicking a link in in a welcome email they have sent to the email address you provided. Open your emails and click the link and your
account will be activated. You will then be redirected back to the Trading
View website where it will ask you to give your first and second name for your new trading
View profile. Either enter your names or click the cross
in the top right corner. You are now signed up with a free Trading
View account. If you are interested in seeing what a paid
account has, you can now click the Go Pro button on the tool bar across the top of the
screen. Trading view offers Pro, Pro Plus and Premium
account types with more features available to the more expensive accounts. You can choose to trial any of these versions
free for 30 days. If you scroll down the page you can see what
each account type offers specifically. I would recommend you try the account type
you would most likely go for if you were have a paid Trading View account in the future,
this way you know that you are getting all the features you need when your trial ends. If you just want to see the full unrestricted
version of Trading View then opt for a premium account trial. When setting up a trial, you do need to enter
your payment details although no payment will be taken until the end of your trial. If you cancel the trial on or before the last
of your 30 days, you wonít be charged at all. For the purposes of this tutorial, I will
set up this account on a premium trial. Once you have signed up and are logged into
your account, to bring up the charting window, click the ëChartí button on the menu bar
across the top of the page. You will then be taken to the charting section
of the website. By default, the charts load as candlestick
charts. If you want to change this, go to the candle
icon drop down menu and select the type of chart you want to see. To change the colour of the candles, right
click on the chart and go to settings. Or click the little gear icon in the top right
corner of the screen to open the chart settings menu. Under the style tab, you can change the style
characteristics of the chart including candle colours and information shown. When you are happy simply click ëOKí
On the scales tab in the settings window, you can change a variety of settings in relation
to the chart scales. One thing you may want to turn on or off,
is Auto fitting data to screen. This changes the scale of the chart as you
scroll back to fit all the price data on the screen as you scroll. I personally find this annoying and like to
turn it off. To change the colours of the chart itself,
head over to the Background tab on the settings window and here you can change the colours
of a variety of different aspects of your chart including the background, grid and scales. On the time zones tab, you can set the chart
to different time zones depending on where you are located in the world. You can also add a session break line which
plots a dashed vertical line on your chart to show where one trading session ends and
another starts. If you can and have linked your live or demo
trading account to your trading view account, you can enter, manage and exit positions directly
from the trading view window. The trading tab of the settings window lets
you choose which trade information you want displayed on the chart when applicable. Iíll talk about how to link your broker account
later in the video. To change the cursor type, simply click the
cursor icon at the top of the side bar on the left and click the cursor type you want
to use. There are a few ways to read what price the
market is currently trading at. The first is to just look at the price axis
on the chart and the current trading price will be highlighted. Alternatively, you can use the Watchlist window
as this shows the latest prices for all the markets on the list as well as the net change
percentage for the day. If the window isnít showing you can simply
click the watchlist button in the top right corner and this will appear. You can also add new markets to the list by
searching for them in the ëAdd Symbolí search box at the top of the window. Lastly you can show the buy/sell panel and
you will be able to see the bid and ask price on each chart. To do this, simply open the chart settings
window, go to the trading tab and tick the ëShow buy/sell panelí tick box. If you want to hide it again, simply untick
the tick box. To change the time frame of a chart, simply
click on the chart you want to change and then click on the time interval button on
the toolbar across the top of the page. You can then select from a drop-down list
of different time frames you wish to view. If the time frame you are looking for is not
on the list, you can add it using the function at the bottom of the list. Simply type the number that represents the
time frame you want; choose the time interval you need and click ëAddí. Your new timeframe will now be added to your
list. You can also favourite any of the timeframes
on the list so that they appear on the toolbar itself rather than having to click the drop-down
list. Do this by clicking the star icon next to
any of the time frames you wish to make a favourite. To zoom in and out on a chart, you can either
use the scroll wheel on your mouse to scroll in and out on the chart you are looking at. Alternatively, you can use the Zoom In tool
on the toolbar on the left hand side of the screen. Once selected, simply draw a box around the
area of price action you want to zoom in on and it will zoom in on that area for you. To return to the previous view, simply click
the zoom out button on the toolbar on the left hand side of the screen. To scroll back on any of the charts, simply
left click on the chart and drag. As mentioned previously, if you have the ëAuto
Fits Data to Screení enabled, the chart scale will change as you scroll back through the
past data. Again, to turn this off, right click in the
price scale on the right-hand side of the chart and select ëAuto fits data to screení
You can enable time syncing on the charts so that as you scroll back on one, the other
scrolls back to same position, providing itís showing the same market. To enable this, click the chart layout button
on the tollbar across the top of the screen and click time under Sync On All Charts. You can access a variety of drawing tools
and studies by using the menu on the left-hand side of the screen. The trend line tools button has tools such
as standard trendlines, vertical lines, horizontal lines, extended lines and channels. The Gann and Fibonacci tools button has all
the Gann and Fibonacci tools you will ever need. The geometric shapes button has a brush tool
as well as a host of different shapes and free lines you can use. The text button has different tools and shapes
for adding text notes to the charts. The patterns button has different tools for
identifying important patterns. The head and shoulders tool for example lets
you plot the pattern very quickly without having to do this manually using the other
tools. The prediction and measurements button has
a host of tools for measuring price movement and plotting price movement predictions. The long and short position tools let you
plot trades on the chart so you can easily see the risk to reward ratio as well as other
details. Finally the icons button provides with a vast
array of different icons that can be dragged onto the chart, repositioned and resized. If you make a mistake when plotting a drawing
or study, or you move, modify or delete one by accident, you can use the undo button on
the toolbar across the top of the screen. This will undo your last action. Once this has been pressed at least once,
the redo button to the right hand side of it will become useable if you want to redo
the last action you just undid. You can lock your on-chart drawings and studies
so that you donít accidently modify, move or delete them by clicking the padlock icon
on the toolbar on the left hand side of the screen. To unlock them, simply click the padlock icon
again. You can also quickly hide all your on-chart
drawing and studies to show a plain chart by clicking the eye icon on the toolbar on
the left hand side of the screen. Again, to show the drawings and studies again,
just click the eye icon again. It is also possible to quickly remove all
the drawings on your chart by right clicking on the chart and selecting ëRemove All Drawingsí. All drawings will now be deleted. When adding a host of drawings on your chart
at once, you can enable ëStay in drawing modeí so that you donít have to click the
drawing tool each time you want to plot a drawing. For example, if I want to plot a few horizontal
lines, I would have to click the horizontal line tool in between placing each line. But if I click the stay in drawing mode button
on the toolbar on the left hand side of the screen, I will now keep the horizontal line
tool selected after I plot a line so that I donít need to keep clicking it again between
plotting each line. Using the magnet feature will make plotting
drawings where you are trying to use specific points of a candle much easier as the cursor
will snap to key points when hovering near them. This is particularly useful when plotting
horizontal lines of support and resistance for example. The magnet feature has two settings, strong
and weak. Weak will only snap to key price points when
the cursor is near one. Whereas Strong will snap to the closet key
point all the time regardless of where the cursor is. To turn this feature off at any time, just
click the magnet icon again so that it is unhighlighted. You can change the visibility of your drawings
and studies so that they are only visible on certain time frames. This will stop drawings and studies that are
plotted on the 5 minute chart for example, from clogging up the higher timeframe view
as the drawing or study will likely have no relevance on say a daily chart. To do this, right click on the drawing or
study and go to settings. Then click the visibility tab and amend the
settings so that it only shows on the timeframes you want it to be visible. Once you are happy, press ok. To use the ruler tool simply click the ruler
icon on the toolbar on the left-hand side of the screen. You can also quickly access the ruler tool
by holding the shift button on your keyboard and left clicking on the chart. Once selected, click where you want to start
measuring from and drag to the point to want to measure to and click again. You will now have a box connecting the two
points and a dialogue box with some information inside. The top left number is the distance in points
or pips between the two points. The second number in brackets is the percentage
of the overall market that the distance measured represents. The third number is simply the number of ticks
between the two points, so essentially the points or pips distance without the decimal
place. The bottom left number is the amount of candles
the two points have been measured over. And the last number shows the time duration
between the two points measured. To add indicators to any of your charts, simply
click the Indicators button on the toolbar across the top of your screen. A dialogue box will then appear will a whole
host of indicators to choose from. You can use the search function in the top
left corner of the box to quickly find an indicator you are looking for. The list below the search box shows different
libraries of indicators, Built-ins refers to indicators that come as default with the
platform itself. Here you will find most of the usual indicators
used by traders. Public library shows a list of indicators
that have been developed and listed by other traders within the trading view community. When you click the public library tab, it
will show you the top liked indicators only but you can use the search box to find any
listed in the library. For example, I made an open, high, low close
indicator a while ago and simply searching ëOHLCí will bring this up. The My Scripts tab will show you any indicator
scripts you have made yourself. My OHLC script doesnít show here as it was
made on another account. The Volume Profile tab will show you a few
volume based indicators that you can use. Finally, the Market-Place Add Ons tab will
show you some premium indictors you can purchase for an extra monthly fee. I believe these come with a free 30 day trial
and a comprehensive description about each. Chart layouts are a little confusing to get
your head around but can be extremely useful when you understand them but they are essentially
chart templates and work in a similar way to chart templates in MetaTrader4. If you amend the settings of a chart to your
liking, add relevant drawings and indicators to your chart and want to save it, you can
do this by saving the chart layout. To do this, go to the chart layout button
on the toolbar across the top of the page. If you have not already made a chart layout,
click the rename button and a dialogue box will appear. Simply enter a name of the chart layout and
click save. Trading View will now autosave this chart
layout every minute for you to preserve any analysis you do on any market. When you change the market you are looking
at, all the chart settings will be carried over as well as any indicators you are using. Then when you return to the previous market
you were looking at, not only will all your previous settings still be active, all your
drawings will still be present. Chart layouts become even more useful when
you want to have different methods of analysing a market. For example, you may have a chart layout where
you only plot trend lines on candle stick charts, and another where you only look at
price in relation to moving averages using range bars. Trading view lets you have a chart layout
for each of these so you donít have to keep adding and removing the analytical tools you
want to utilise. If you ever need to delete any of your chart
layouts, simply click the chart layout button and click load chart layout. This will bring up your list of chart layouts. You can then click the X icon on the right
hand side of the chart layout you want to delete. It will ask you to confirm that you want to
delete the chart layout, press yes and it will disappear. To view a different market you can either
click the market box on the toolbar across the top of the page to search for a market
or you can simply start typing when you have the chart page selected and the market search
box will appear. At the top of the box you can see what you
are currently searching. The tabs below the search box categorise the
markets by type. The list below the tabs then shows the most
relevant markets based on what you have searched and the market tab you have selected. For each market, it will show the trading
view symbol name, official name of the market and the exchange of that market. So as an example, I trade the FTSE100 with
Oanda and I know Oanda calls this market the uk100 so I can type that in and look for the
market called UK100 with oanda as the exchange to know I have the correct one. If you want to show more than one chart at
a time, you can do this by clicking the layout button (not to be confused with the chart
layouts we were talking about previously). This will then drop down a list with various
layout options. Itís worth mentioning here that Trading View
restricts the number of charts you can view per web browser tab based on the tier of account
you have. You can work around this by opening each of
the charts you want to have open on different web browser tabs and even arranging them over
one screen if needed, although this method is obviously a little cumbersome. Because Trading View is a web browser-based
platform, it very easy to arrange your charts over multiple monitors as all you have to
do is open the platform on different tabs and drag each one to the desired screen. To connect your broker account to your trading
view account simply click the order panel button on the toolbar on the right hand side
of the screen. You will then see a dialogue box appear, just
click the connect button. Another dialogue will appear at the bottom
of the screen with a list of brokers, it sometimes hides a couple of them, if itís doing this
just click the show all button at the bottom of the box and they will appear. Then click the broker you have an account
with and follow the instructional dialogue boxes to log into your broker account. Trading view only integrates with a limited
number of brokers so If your broker isnít listed after you click connect then you will
not be able to trade directly from the trading view window. There a few ways to open a trade within Trading
View. First you can click the order panel on the
toolbar on the right-hand side of the screen. This will bring up a trade entry dialogue
box. Alternatively, you can right click on the
chart and click trade. This then will give you the option of opening
the new trade panel or quickly setting a limit or stop order using the previous position
size you traded at. When looking at the trade order panel, the
current market you are looking at will be shown at the top of the box. If you want to change this you need to change
the market you are looking at on the chart. You can then see the sell price in red, buy
price in blue and the spread in the centre of the prices. You can then choose what market order type
you want to use, either market, limit or stop. Once you have chosen the order type, you enter
the price you want the order to be set at if you have chosen either limit or stop order. Market orders will be executed at the current
market price. You then set the position size, as you can
see on the screen I am using as demo spread betting account for this so the position size
will the a £ per point value. If you were trading in lots, you would enter
the lot size you wanted to trade in this box. You can then set your stop loss and take profit
levels in a few different ways. You can set them by specifying a set number
of points or pips away from your entry level. You can set it by a specific price level,
you can set a specific monetary amount or you can percentage of your account you want
to make or risk on the trade. Once you are happy with all the trade details
you can execute the order by pressing the big sell or buy button near the bottom of
the trade panel. You will also be able to see details about
the potential position below the button. To view your open trades within trading view
you can click your broker tab on the toolbar across the bottom of the screen. This will expand the window to display the
broker window. The ëPositionsí sub tab will usually be
open by default and below this you should see a list of any open positions you currently
have with the linked trading account. Here you can see which market the position
corresponds to, the position size, trade direction, take profit and stop loss levels, price entered,
the current price and then the current profit and loss for the trade. To view any pending orders you have placed,
simply click the Orders sub tab and a list of any pending orders you have will be listed
below in a similar fashion to the open positions list. To add a take profit order or stop loss order
to an open trade you need to go to the broker tab, positions sub tab and click the little
pencil icon on the right-hand side of the list entry of the trade you want to modify. This will open a window on the right-hand
side of the screen where you can select a tick box for either order and then enter the
details for each. You can enter these levels in a few different
ways as you could when you initially open a trade. You can set it by a pip/point amount, a specific
price level, a specific monetary amount or a specific percentage of your account. Once you are happy, simply click modify and
the orders will be set. You should also see a line appear on your
chart corresponding to any take profit or stop loss orders you have just entered. To manually close a trade you can simply go
to the broker tab, positions sub tab, find the trade you want to close and click the
small cross symbol on the right hand side of the list entry that represents the trade
you want to close. A dialogue box will pop up asking you to confirm
this action, press close position and the trade will be closed. To view your past trades, you can use the
broker tab again. The name on the sub tab may vary from broker
to broker but will be called something similar to Transaction History like I have here on
an Oanda account. Here you will find all the same details as
in the live trades panel as well as date, time and transaction type. You can add price alerts for a market in a
couple of ways. First you can click the alert button on the
toolbar across the top of the screen. Or you right click on the chart and click
the Add Alert button. Both these methods will then bring up an alert
dialogue box where you can configure the alert. The condition box at the top of the screen
lets you choose which piece of data you want to receive the alert on. If you want the price of the market then choose
the market name. But you can also set alerts on the indicators
on the chart by selecting the indicator you want from the drop down list. You then set what you want to see happen in
order to be alerted. For example, If I want to be alerted when
the UK100 price reaches at certain price level I would choose ëcrossingí on the next menu,
then ëValueí and then enter the price at which I want to be alerted. You can then choose if you want this to be
either a one-time alert or alert you every time this happens. You can also set an expiration date and time
for the alert or leave it active indefinitely by selecting the open-ended option tick box. Finally you can configure how to would like
to receive the alert and what accompanying message you want when the alert conditions
are met. Once you are happy with everything simply
press the Create button and you alert will be created. In this example, you can see a dotted line
on my chart to show where the alert is sitting. You can also see a list of your alerts by
clicking the alerts tab on the toolbar on the right hand side of the screen. This will open the alerts panel showing any
active alerts on the top half and an alerts log on the lower half with details of any
triggered alerts. To edit an active alert, either double click
on the alert entry or hover over the alert and click the gear icon to open the alert
details dialogue box again. You can either then change the details and
save the alert or delete it completely. You can also pause an alert or delete an alert
by hovering over the alert and either clicking the pause icon or cross icon to delete it. You can add text notes directly on the chart
by using the Text tool on the toolbar on the left hand side of the screen. Once selected, just click on the chart where
you want to add the text note. A dialogue box will then appear where you
can type the text and configure the styling of it. You can also change which timeframes the text
note is visible on by click the visibility tab across of the top of the dialogue box. This is a great feature as a text note that
is well positioned on the 5 min time frame for example will just block the price action
on a higher timeframe which makes journaling using this method very difficult. You can make market notes using the Text Notes
tab across the bottom of the screen. These notes will be visible no matter what
chart you are looking at and serve as a type of general notebook. You can give each entry a title which is then
easily visible from the list view on the left hand side. It also has a search function in the top left
corner if your list of notes becomes quite large so you can quickly find the note you
are looking for. The replay feature in Trading view allows
you to replay candles one by one to simulate the past price movement in a way that is close
to a live environment. To use the replay tool, you simply select
it from the tollbar across the top of the screen. This will open a small floating toolbar with
a few controls. First you need to pick the point you want
the replay to start from. You can do this by selecting the jump to tool
from the floating replay toolbar, this may already be pre-selected when you click the
replay button. Once selected, you will see a vertical red
line as you hover over the price action, simply click on the candle to you want the replay
to start from and the succeeding price action will disappear. Now the other controls will become usable
on the floating replay toolbar. The play button will start playing the candles
at the speed set by the speed slider. The forward button will immediately print
the next candle. The To real time button will take you to the
current live price action and the X button will close the replay mode. There are a couple of things to be aware of
with the replay mode, one is that if you change timeframe whilst using the replay tool, it
will automatically go back to the live price action. You cannot use the replay tool on more than
one chart at a time. Also there is a limit on how far back the
replay tool will let you go. I donít know what it is specifically but
I am aware there is a limit at the time of making this video. I think Trading View is a fantastic charting
platform and if your broker integrates with it then it makes trading very easy. Obviously anyone who has used MT4 is probably
shouting at me saying MT4 works with nearly every broker out there but MT4 can be quite
cumbersome to use at times. Trading View is a much more user friendly
platform and they are continuing to add more useful lfeatures. However, this doesnít mean it doesnít have
itís drawbacks. A big one for me is the half built replay
feature. I really like using replay modes for back
testing, if anyone has used e-signals replay feature you will know that Trading Viewís
is a long way from that. Anyone following this channel will know I
have been using MotiveWave, and even though it has various very annoying flaws, I have
overlooked these because it has a decent replay feature. I also think for brand new traders that trading
view is a little expensive. I would still advise that if you are just
starting out in trading that you download MetaTrader4 for free and use that whilst you
decide if trading is something you are going to invest some time and money into. I have and am considering however, only using
MotiveWave for my back testing and TradingView for my live trading because it is much cleaner
to look at and use. I also like the fact I can view my charts
from any device logged into my Trading View account, this is especially helpful when I
am away from my desk. If you have visited the trading view website
previously then the affiliate referral will not be credited when using the link without
clearing your cookies first. You can either clear only the cookies specific
to the trading view website or simply clear all your cookies. I will demonstrate quickly how you can clear
only the Trading View cookies on Google Chrome and Safari. To do this on chrome, you click the three
little dots in the top right corner, then click settings, scroll down to the bottom
and click advanced, then under privacy and security click content settings, then click
cookies, then click see all cookies and site data. You can then search trading view in the top
right corner and then press remove all shown to remove only the trading view cookies. Once you have done this, head over to trading
view using my link in the description and the referral will work. Huge thanks if you have done this. I am on windows so canít use the most up
to date version of Safari but to do this on Safari, click the gear icon in the top right
corner, then click preferences. When the box appears, click the privacy tab,
then next to where it says Cookies and other website data, click the details box. This will bring up a list of all your cookies,
you can then search for trading view in the search box at the top, then click in the trading
view entries and press remove. I canít access Trading View with this out
of date browser so I will demonstrate deleting Yahoo cookies. Once you have done this, head over to trading
view using my link in the description and the referral will work. Again huge thanks if you have done this. Let me know in the comments if you have used
the link so I can personally thank you. And that wraps up this Trading View Tutorial! I hope itís been useful and enabled you to
start utilising Trading View. If you have any questions or recommendations
please let me know in comments section below. Thanks again and stay disciplined.
