Learn about Trade Ideas with TradingView

Learn about Trade Ideas with TradingView

TradingView is a platform where you can analyze and understand charts and interact with other traders and their investment ideas. TradingView offers you the largest library of ideas and strategies, with over 100,000 strategies written by other traders and members of the community.the  members share their ideas and scripts, on the TradingView market.

Trading ideas, or trade ideas, are basically investment ideas that stockbrokers give to their clients. Trading ideas are usually related to equity and can be predictions or market analyses. Ideas can also be education material, trading psychology, risk management, etc.  TradingView offers trade ideas on the asset class, trend analysis, chart patterns, etc.

Trend analysis

Trend analysis is an important stratum of technical analysis that determines the overall direction of an asset. It takes into account, specific levels or zeroes that reverse the roles between support and resistance.

Harmonic Patterns

Harmonic patterns are similar to basic chart patterns and they recognize a pattern based on the shape and structure. These patters include a combination of Fibonacci retracements and Fibonacci extensions. These patterns continue to repeat themselves and require a lot of patience to trade-in.

Chart patterns

Chart patterns are basic blocks of technical analysis. These chart patterns can help you determine the next price movement. The chart  patterns are repetitive and very easy to spot.depednin on the price movement, there are different types of charts, namely :

reversal patterns– where the price is likely to reverse

continuation patterns– where the price is likely to continue its course

bilateral patterns where the price can go either way, depending on whether it breaks to the upside or to the downside.

Technical indicators

Technical analysis is very commonly used by most traders to make decisions.  TradingView offers 100+  built-in indicators for market analysis, and the public library contains 5,000+ custom built indicators, created by talented community developers.

Wave analysis

Wave analysis is based on the idea that markets follow wave like patterns. The price alternates between impulsive phases and corrective phases. Impulsive phases establish the trend and contain 5 lower degree waves whereas, corrective phases retrace the trend and contain 3 lower degree waves.

Gann

Developed by  WD Gann, is a very innovative trading technique. This technique uses different angels to divide time and price in proportions, to determine areas of support and resistance. This technique believes that the market moves from one angle to another. If one angle is broken, the price moves towards the next one.

Fundamental analysis

Fundamental analysis anticipates profit and loss from future moves. It can be applied to all asset classes and can also be used to analyze any national economy by analyzing areas like Gross Domestic Product, inflation, etc.

Read More: Understanding fundamental analysis with TradingView

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Created on Sep 17th 2020 05:37. Viewed 201 times.

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