Trading Drawing: How To Use TradingView Drawing Tools?
TradingView is an interesting platform. It is an online trading and charting platform. What’s interesting, it also serves as a social network.
The topic of the article is “trading drawing tools of TradingView.” However, it is important to gather more information about the above-mentioned platform.
The platform mentioned above was launched more than ten years ago, in 2011. As a reminder, the company is located in Ohio.
Without exaggeration, TradingView is one of the best platforms in the world. The platform mentioned above has revolutionized the industry.
It is possible to modify the platform created by the Ohio-based company. Moreover, the charts
work on any operating system (Android, iOS, Android, Linux, and Windows). Interestingly, the charts work on any device (smartphones, iPads).
What makes TradingView so interesting?
TradingView is a very successful platform. It is noteworthy that TradingView has versions of its website in many languages.
For example, traders can select from Chinese, Turkish, Spanish, Portuguese, etc.
As stated earlier, the platform also acts as a social network. Just imagine; TradingView is the largest social network for traders as well as investors.
Traders have the opportunity to discuss various topics with millions of traders. Notably,
users are ranked, so you have the chance to jump straight to the most followed traders and start learning from the most followed traders.
TradingView and its rivals
It isn’t an easy task to compete with TradingView, even for Robinhood and TD Ameritrade.
It is important to note that the most versatile platform has numerous features.
The platform has a free option. Let’s take a look at the account that you can use free of charge. It includes the following features:
- 12 customizable chart types
- More than 100,000 community-built indicators
- Access to charts as well as all indicators
The above-mentioned features represent only a small part of all features.
However, if you are using the platform regularly, it is better to switch to a Pro account. The Pro account unlocks the full power of the tool.
TradingView is a user-oriented platform. Without a doubt, the technology behind the platform is really what makes the platform so user-friendly, fast, and responsive. The technology behind TradingView is called HTML5.
Trading drawing tools
Now, we can switch our attention to trading drawing tools. Hopefully, it isn’t very hard to use drawing tools on TradingView.
The first step is to open the TradingView chart. The second step is to find the tool panel (it is one on the left side).
And the third step is to select the tool you would like to use. After selecting the tool, you need to open a subgroup. What’s next? You need to pick a tool from the list.
Now, we can move on to the fourth step. You need to utilize a drawing tool via the click-hold-drag mechanism. Another option is also simple. All you need to do is to click.
As a reminder, you need to click on the area chart where you would like to add the drawing. What’s next? Hold in order to lock the starting point, and after that, you need to drag in order to extend the coverage of your drawing. Don’t forget to release the hold in order to complete the drawing.
It is possible to customize drawing tools in TradingView. For example, you have the ability to change the color.
Now, you know what to answer if someone asks you questions about trading drawing tools.