You can use the high-performance chart TradingView on the Orderbook trading screen. This guide explains how to use the chart.
Table of contents
2. Basic usage
1-1.What is “TradingView”?
TradingView is a new generation cloud-based charting app that runs smoothly on your web browser. It has a comprehensive selection of indicators and trade analysis tools that can be used to help predict price trends on Zaif's trading activities.
1-2.How to open the chart?
You can check the chart while trading on the Orderbook trading screen.
Click the "Chart" link for more detailed chart screen.
1-3. Chart Configuration
Each of the setting buttons is arranged on the top and left side of the chart. The screen configuration is as follows:
①Configurations for market currency pair select option, Time axis resolution, chart types (such as candlesticks), indicator select option.
② Drawing lines, drawing pitchforks, Fibonacci, etc.
③ SNS linkage, chart saving / loading function (*only when logged in)
2. Basic usage
2-1.How to display indicators
To display an indicator such as a moving average line on the chart, right-click on the chart and click "Insert Indicator" from the displayed menu list. You can also display it from "Indicators" at the top of the chart.
When the indicator selection window opens, enter the name of the indicator in the search window to search, or select the desired one from the list displayed as follows.
How to change parameters
You can also change the parameter settings for the indicators to display.
The information is displayed on the left side of the chart, so click the setting button or double-click the line such as the moving average line to display the setting window.
TradingView supports a lot of indicators, and you can set up multiple indicators that correspond to market follower, contrarian, etc. and create templates.
By using the template function, you can save multiple indicators and settings in TradingView. Load the saved settings to immediately reflect them on the chart at any time.
2-2. Display multiple indicators
Multiple indicators can be displayed on the same screen.
For moving averages, type "moving" or similar in the search window and select the desired one from the list of candidates.
Use the same procedure to search for Bollinger Bands.
Equipped with many excellent analytical tools
Multiple tools are needed for chart analysis.
The choice of technical indicators and analysis tools varies depending on the trader's investment style, but TradingView is equipped with the necessary and sufficient tools to answer the demands of many traders.
So, here are some of the representative analysis tools that have been newly added this time.
Typical Analysis Tools
MACD stands for "Moving Average Convergence / Divergence Trading Method".
It is said that by using two moving averages (MACD and a simple moving average of the MACD signal), it is possible to capture market cycles to quickly grasp the right timing for buy and sell.
The crossing of the MACD and the signal line, the crossing of the MACD and the zero line, or a change in direction of the MACD or the signal line are used as buy/sell signs.
Ichimoku Clouds is a domestic technical analysis developed by Ichimoku Sanjin (real name Goichi Hosoda).
It is said that it is easier to avoid fake signals than the moving average line because you can see not only the price up and down but also the price movement over time.
The forward span acts as resistance or support shows bullish signal above the cloud and bearish below it.
RSI stands for Relative Strength Index.
It is an indicator that numerically expresses the strength of price movement over a certain period of time.
The RSI ranges between 0% and 100%. Among the so-called oscillator indicators, the RSI is one of the most popular indicators.
When the range exceeds 70 to 80, it is judged as a contrarian sell (overbought), and when it falls below 30 to 20, it is judged as a contrarian buy (oversold).
A Fibonacci Retracement is a technical analysis tool that predicts the levels of support and resistance on a chart.
The Fibonacci ratio is displayed by connecting the high and low of a swing or the high and low of one trend on the chart with a line.Values such as "23.6%," "38.2%," "61.8%," and "76.4%" are generally considered to be important.
An example of other analysis tools
2-4. How to draw lines on the chart
Drawing trend lines, horizontal lines, Fibonacci, etc. can be used from the menu on the left of the chart.
How to draw a trend line
To draw a trend line, select "Trend Line" on the left of the chart and drag it on the chart.
The drawn trend line can be moved by dragging the mouse. Also, if you want to copy the drawn trend line, right click on the line and click "Duplicate" and the copied line will be displayed nearby.
How to draw a horizontal line
TradingView has two types of horizontal lines and horizontal rays, and when you draw a normal horizontal line, you can draw a line that continues to fill the screen on the chart.
A horizontal ray, on the other hand, draws a horizontal line after the clicked position.
Double-click the drawn trend line. Setting popup will be displayed, and change the color and thickness on the style tab.
On the Coordinates tab, you can enter the price directly and specify the position of the line.
On the Visibility tab, you can select which time axis chart to display. If you do not want to display the drawn line on the daily chart on the hourly chart, uncheck "Hour" to hide it.
If you want to delete a Fibonacci, trend line, etc. after drawing it on the chart, click the trash can in the settings panel that appears after selecting the item you want to delete.
2-5. Saving chart layout
You can save the contents of the chart analysis, such as the currency and indicators set on the chart, as well as the drawing using the analysis tool. Save these settingswith a name from the "Save Chart Layout" button.
This function is valid only when you are logged in, and you can select the name specified when saving from the load button and call the saved layout with one click.
2-6.SNS linkage function
TradingView allows you to post your investment ideas and chart screens on social media and share ideas with other traders.
You can easily send your own ideas on Twitter from the camera button on the upper right of the chart screen.