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TradingView Tutorial – Getting Familiar with Chart Icons and Drawing Tools

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Using software for the first time can be daunting, especially when it includes numerous Tradingview Chart icons. Here are a few key icons we thought that anyone using the TradingView app should know first hand. So, let’s load up the platform and get started!

Trendlines

how to draw a trend line on trading view

The trendlines icon is the one that can be found on the top left side of the screen and two icons below the profile photo. Click on the icon to apply it and then scroll over the chart with the mouse to the desired location. When a starting point is decided, click once, and then click again on the endpoint we’ve determined.

Next, use the mouse to highlight the line until both endpoints are visible, and then right-click on it. An immediate list of choices will pop up, select format to change a variety of things. We’ve noted that these functions are available on all tools with minor tweaks depending on the tool selected. Here are the functions of each tab under the trendlines tool:

  • Style tab – permits a bunch of modification options. Some examples are line design, color change, line extensions, apply numerical data, and even add arrows to the end of lines.
  • Coordinates tab – we were able to view and edit where the line is set to begin and where it is meant to end. The tab is also the best way to see specific numbers that allow users to properly calculate the line slope.
  • Alerts tab – here we have an option to play a sound, send an email, show a popup, or send a text in the event a preset condition should occur.

Pitchfork

Located directly below the trendlines icon, the pitchfork icon must be selected in order to begin setting it up. To set it up, simply click on the screen three times. The first click is for the median, while the succeeding two are for the outer variables. Right-click when you’re done to exit and to ensure you don’t end up creating unintentional drawing tools. As with the previous tool, users can play around with various functions simply by selecting the style tab. Remove lines, change up the color, switch line thickness, or even go from a solid line to a broken one.

Long Position

Situated just below the pitchfork, to use this, we clicked on the icon once where we wanted to start our position. We make it a point to always right-click afterwards to avoid adding more to the items we just drew. Manually adjusting the profits or loss section can be done just by dragging on the top or the bottom circle. Dragging on the circle allowed us to move the entire box. We formatted this by scrolling over the box, right-clicking, and then selecting “format.”

To toggle our desired profit levels etc., we selected the coordinates tab. Another useful function we found is to change existing entry levels by manually typing a new one. Similarly, we were also able to change other elements by toggling options that can be found in the popup. Then we clicked OK when we were done.

Icon

Adding fun and interesting icons is as easy as clicking on the button labeled “icon.” We found this right below the long position button. To apply any symbol to the chart, we clicked on one and then clicked onto our trading screen. We then right-clicked to position one to keep from adding more. Like those before it, we were able to replace colors by selecting the “format” tab with a simple right-click.

What We’ve Learned

There are still numerous tools and functions to play around with. What we’ve mentioned above are the basics that anyone needs to get started. Once we got the hang of it, the Tradingview Chart icons were easy and fun to use.  

In our next tutorial, we’ll talk about the left-hand side tools and how they can help you identify trading opportunities.

Sign up for Tradingview here: https://tradingview.go2cloud.org/SH3rw

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