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Tradingview Backtesting Strategy Explained

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TradingView is the most powerful tool for traders and investors looking to take their game beyond the norm. With more than 30 million users every month, it’s the go-to choice for serious traders as well as investors. But is it worth it? Absolutely! This review will give you the inside scoop on all the incredible options and features. The most important thing? We’ll show you how to make use of TradingView without cost and you can save up to 50% on paid plans.

Score a Deal

Want to use TradingView Pro for free and get an additional 50% off? It’s easy! Simply click here to sign-up for an account that is free. Click “Get Started” at the top right, scroll down, and choose “Try Free Basic.” Enter your email, choose an account username and password and then click the link in the email confirmation to confirm your account. This is the ideal method to sign up and unlock multiple options:

Option A Upgrade to a paid plan like Pro, Pro+ or Premium and enjoy a discounted price of 30-50 percent. You are able to test all functions for 30 consecutive days before you are charged.

Option B: Choose to stick with the free plan and try out the various options before deciding if wish to upgrade in the future.

Features Galore

TradingView offers some of the most extensive features available on any investing, trading, and analysis software. When you subscribe to the free Basic Plan, you’ll be able to gain access to a variety of features, but upgrading to a paid plan such as Pro, Pro+ or Premium will give you access to multiple charts, custom time intervals, market data in real-time, multiple timeframes, exports of data, as well as advanced types of charts. Plus, you’ll have accessibility to longer trading hours as well as customized scanning, as well as a community of traders who can assist you. TradingView is offered as an online version as well as a desktop application and mobile apps, which means you can trade from anywhere, anytime. Don’t miss out on all the amazing features TradingView provides!

A World of Charts Awaits

TradingView is your go-to source for everything related to charts and technical analysis. With comprehensive tools and extensive analysis capabilities, you’ll have everything you require to trade like a pro. With the option to switch between light and dark mode as well as powerful drawing tools that allow you to present data in a way that is most suitable for you.

Free Vs. Premium

With TradingView Basic, you can only open one chart at the time. If upgrading to TradingView Premium, you can open up to 8 charts simultaneously on one screen, each with various stocks, time frames, and indicators. Premium and Pro subscribers can even export the chart’s data to create individual time intervals or trade from charts. And if you really want to improve your trading experience trading, you can use the TradingView Desktop platform provides greater power, speed and flexibility, such as the ability to support multi-monitors in native mode.

Chart Types Galore

No matter what type of chart you prefer, TradingView has got you covered with options for bars, candles, and hollow charts columns, lines areas, lines and more. Plus, you can choose from a variety of time frames, ranging from 1 second to monthly. Professional, Premium and Pro subscribers can even create their own time frames.

Tools for drawing and indicators

With more than 90 drawing tools and numerous indicators available to pick from, you’ll have everything you need to take informed trades. From standard indicators like moving averages to volume indicators, and even the option to create custom codes, TradingView has more indicators than any other comparable analytical tool.

Fundamental Data

One of the most notable features of TradingView is its capability to display fundamental data such as income statements, balance sheets, and cash flow metrics directly on a chart. This way, you can quickly analyze how the market performed in the wake of earnings announcements, company news and many more.

Find Your Perfect Trade using Screeners

TradingView provides everything you require to make the best trade decisions such as stock, forex, as well as crypto-screeners. With a single click to scan your market to find the best performers, value, dividends margins, dividends and more. You can also set alerts and filters as well as export the data for be used outside of the platform.

Heat Up Your Trades

The crypto and stock heatmaps can be extremely useful to visualize the biggest gainers and decliners. You can even filter according to the market capitalization, daily volume, and other financial figures. With options such as the most powerful up-and down gappers, the most volatile stocks, and the relative volume ratios and more, you’ll have the information you need to make smart trades.

Join the Community

With over 30 million monthly users, the TradingView community is packed with traders, investors and financial experts. Whether you’re a beginner or an experienced pro You’ll find helpful sources like trade ideas, educational streams and customized scripts.

Stay Informed

TradingView’s Snaps feature will keep you updated with the latest market news from both popular and user-generated media outlets such as Reuters, InvestorPlace, and Seeking Alpha. With the News Flow feature you’ll be up-to-date with the latest trends in cryptocurrency, stocks, forex, indices, bonds, futures and the global economy.

Get Alerted

TradingView makes it easy to set price alerts for your most popular stocks. And with options for email-to-SMS, pop-ups, audio signals, PUSH notifications, email, or webhook alerts that you won’t skip a beat. You can upgrade to the Pro version for additional alerts, up to 400 with the Premium plan!

In short, TradingView offers everything that you need to make smart trades and keep ahead of the market. From heatmaps and screeners to alerts and community resources You’ll be prepared to succeed in the fast-paced world of trading.

Trading on the Go

TradingView allows trading to be more simple than ever before, by allowing users to connect your trading platform with different brokerage platforms. It is possible to trade directly within TradingView with the help of 12 brokerage connections using API – Interactive Brokers, TradeStation, Eightcap, Pepperstone, Capital.com, OANDA, Tradovate, easyMarkets, FOREX.com, WH SelfInvest, FXCM, and SAXO.

Practice Makes Perfect

TradingView offers a paper trading simulator that lets you explore new trading concepts and strategies with no risk. It starts with a virtual account of $100,000. You can adjust the settings to meet your requirements, be it visualizing lines or arrows for open positions or seeing an inventory of orders that are open. And the most important thing? You can reset the balance at any time you’d like.

TradingView Plans

TradingView offers a plan that is suitable for every trader and investor, starting with the Free Basic Plan, which gives you access to basic functions such as one bar replay, a chart, and seven years of financial data. Upgrade to Pro to get more powerful integrated trading tools, no adsand social media access. Plus, Pro+ gives you access to additional intraday chart types, custom formulas for spreads, and the ability to export data and employ additional indicators for each chart.

TradingView Free Basic Plan

The TradingView Basic Plan is the starter pack for the world of trading. All you require is an email to begin and you’ll be able to access the most basic tools, such as bars, charts, bar replays on different timeframes, and 7 decades of financial historical data. In addition, you’ll have access to the most important analysis tools such as auto Fib Retracements and multi-timeframe analysis. However, keep in mind that there’ll be advertisements included in this plan.

TradingView Pro

Are you ready to improve your trading skills? This plan for Pro traders is where you’re at. You’ll get access to more powerful tools, with no ads, and a complete trading community to connect with. In this program, you’ll be allowed to open up to two charts at a time you can save up to 5 chart layouts, use the bar replay for all time frames, and have access to twenty years worth of financial historical data. Plus, you can use 5 indicators on a chart, design custom trading indicators templates make use of volume profile indicators, and set the possibility of up to twenty alerts for prices, strategies, drawings or indicators.

TradingView Pro+

Want even more control over your charts and data? The Pro+ plan is for you. The plan offers the capability to open up to four charts on each tab, store up to 10 chart layouts as well as access to additional intraday chart types, including Renko, Kagi, Point & Figure, as well as Line Break. Plus you can export strategy data, use as many indicators on a chart and create at least 100 alarms, and many more.

TradingView Premium

The ultimate plan for the ultimate trader. With the Premium plan, you’ll gain access to every feature TradingView has to offer, prioritizing support for the most important features, eight charts per tab and an unlimited number of chart layouts that you can save. One of the most useful features is the second-based time intervals, which are perfect for day traders. You can also use as many as 25 indicator on a chart and create as many as 400 alerts for strategies, drawings or indicators, as well as on prices. In addition, you’ll be able to access to the social aspects of TradingView, including an exclusive badge that is placed next to the name of your choice, ability to share invite-only indicators as well as secure scripts as well as videos. ideas as well as public suggestions, an option to sign your name and website.

TradingView Free vs Paid

The biggest differences between the free and paid plans are the advertisements, features and usage restrictions. For the free plan you’ll be able to use ads as well as the essential features. But, with the premium plans you’ll gain access to a lot more notifications, data, functions and social networking components with no advertisements. You can also can’t forget tradingview backtesting strategy explained.

Comparison TradingView Pro vs Premium

Wondering if it’s worth switching into the premium plan or whether the Pro plan is adequate? The Premium plan is ideal for traders who are active and long-term data analysts as it gives access to everything within TradingView. This includes seconds-based time intervals and unlimited chart layouts, 25 , indicators for each chart and first priority support. The Pro plan is a great choice for those who are just starting out or who don’t need all the extra features and accessibility.

TradingView Pricing

TradingView offers a variety different pricing plans that are easy to comprehend. Start with the free Basic plan or upgrade to one of the paid options. The Pro plan begins at $14.95 per month, while the Pro+ plan costs $29.95 monthly, and the Premium plan is $59.95 monthly. You can save money by enrolling in an annual membership. For example the Pro plan costs $155.40 per year, while the Pro+ plan is $299.40 annually, and the Premium plan costs $599.40 each year. This is equivalent to getting two months for free!

Monthly Subscription

If you’re just beginning to learn about TradingView, the monthly subscription is a fantastic method to get a feel for the platform and make sure that it’s a good fit for your needs. The pricing for the different plans are:

TradingView Basic: $0.00

TradingView Pro: $14.95

TradingView Pro+: $29.95

TradingView Premium: $59.95

Yearly Subscription

If you’re a seasoned trader who is aware you are confident that TradingView is the right choice for you, then the yearly subscription is the way to choose. It’s a one-time payment, however you’ll enjoy a 16% discount in comparison to the monthly plan. It’s like receiving 2 months of service for no cost! The costs for each plan include:

TradingView Pro: $155.40

TradingView Pro+: $299.40

TradingView Premium: $599.40

Data Feeds, News and Market Data

TradingView offers free real-time data whenever possible. Some exchanges, however, require a monthly fee for real-time tick data , and they only offer delayed data for free. For instance, with a TradingView membership, users will receive free real-time US stock data through the Cboe BZX Exchange (formerly known as BATS exchange) that handles around 10% of market activity in the US stock market. If you’d like to be able to see the entirety of trades, ticks and transactions, you’ll need to join various markets that have real-time data. The monthly cost for a real-time data feed

Nasdaq: $3

NYSE: $3

Arca: $9

CME Group (S&P E-mini included): $4

OTC Markets: $2

TradingView has data feed from 16 North-American, 31 European, 9 Middle East/African, 34 Asia/Pacific and 9 Mexico/South American exchanges. which some of them are free of charge with real-time data, while others charge a a low monthly fee. TradingView does not profit from these fees however they are collected according to the regulations of the exchanges. It is important to note that paying for a TradingView plan is required to sign up to live data feeds.

TradingView Review Summary

TradingView is a fantastic charting platform for anyone who is interested in research and analysis whether you’re just starting out or a seasoned trader. The platform is web-based and can be accessed via any device. Additionally, there’s also a separate app for iOS and Android. It’s among the top charting platforms available however If you’re looking for something with a bit more advanced technology and a backtesting module You might want to check out TrendSpider as well as Trade Ideas.

The free TradingView version is a fantastic method to get to know all the features and functions If you follow the steps provided in this article you can receive a discount of 30-50 percent after signing up for the free version.