If you have a custom TradingView indicator, you can follow these steps to install and use it: 1.Copy the Pine Script Code If the custom indicator is shared with you as a Pine Script code, copy the entire script.
Before you proceed, make sure that the prerequisites listed below are met:You will need an access to the indicator's source code— .mq4 file for MetaTrader 4 and .mq5 file for MetaTrader 5. Sometimes indicators use more than one file for their source code. In such case, you would need...
you can link them together. Here's how to do it:a. Log in to your TradingView account.b. Navigate to the “Trade Panel” section at the bottom of the screen when you have a chart open. You can also setup a connection by going into the “Broker Integration...
The price of CME Bitcoin Futures (BTC1!, TradingView) is down roughly 30% since January 21st. Now, it’s testing the 200-day moving average (SMA) – a key support level since the bitcoin bull run began in 2023. For bitcoin’s uptrend to stay intact, you’ll want to see the 200-da...
It can be very tempting to invest money that you are not going to need for a couple of months in the hope of earning a profit. This is not a good idea if this is money you really need. It is true that you can make a profit but you might also lose money and be unable to meet...
This is particularly valuable in identifying which strategies are likely to be profitable and which are not, enabling you to make informed decisions about where to allocate your resources. Risk Management Risk is one of the most important things to manage in trading. ...
The Fisher Transform is a technical indicator that normalizes asset prices to make turning points in price clearer.
TradingView was created with the goal of being easy and intuitive for beginners to use, but also powerful enough for advanced chartists to master. Basically, TradingView gives you a wide range of charting tools. Then, you use those charting tools to make informed trades. You get real-time da...
The simple moving average shows a daily average of the stock’s price over a particular number of days. Image by TradingView. Moving Average Convergence/Divergence 🧠 If you’re not surewhat MACD is, then you’ve been missing out. MACD is another indicator that technical analysts use to id...
How to backtest trading strategies in MT4 or TradingView This is an approach to backtesting forex with your trading strategy if you have no programming knowledge. The idea is to “hide” the future data and go through the chart bar by bar, and objectively trade the markets (as though it’...