Crypto Academy Season 3|Week 7| Homework Post For [@yousafharounkhan]- TradingView

Hello professor @yousafharounkhan, I’m very delighted to be part of the crypto academy students this week. I think this topic you’ve just brought about the trading view platform is exceptional, especially for beginners like some of us. This is my entry on the homework task after the lecture.

About Trading View

Trading View is an online platform for web based charting with bunches of essential features. You can utilize it in analyzing price patterns and analyses stocks, forex and crypto currencies, items, and numerous other assets that are tradable.

It is an exceptionally diverse platform and can be utilized by a wide range of traders. The principal angle that you can see promptly as you open Trading View site is that the platform has an extremely modernized look and design. It is also accessible with a very nice looking graphical user interface.

The platform shows current price movements in the various assets upon opening the site, You can choose any type of asset including crypto currency pairs, forex pairs and stocks and do your analysis with vast range of useful features. For beginners, there is a section in the platform dedicated for beginners, this part can demonstrate exceptionally helpful as a beginning stage, where they can utilize the ideas of trading demonstrated by experienced traders for their trading decisions.

You can likewise decide to follow different traders and experts to keep refreshed about their distributed thoughts. Other people group individuals can likewise remark on distributed thoughts and like them. This makes an informal community of traders. Traders can also add indicators that will help them determine the market trend of a particular asset. Tradingview is really an interesting platform for charting and many other functionalities with regards to trading the various tradable assets.

How To Create an Account On The Tradingview platform

I have demonstrated how to register an account in the tradingview platform with my email address and the following are the steps I have taken in registering an account on the tradingview platform.
First of all, search for tradingview on Google and click on tradingview.com from the results

You can then start the registration process by clicking on free trial under sign in and you’ll be shown the various registration options available to you. In my case, I have chosen the free trial



Choose the method you're going to use to create your account, like I have chosen to create my account with email. Then fill in the required details and click on create account




After that, your account has been created but you have to activate it with the email used in creating the account. This can be done by checking your email as a message will be sent to you via email for activation, as shown in the picture below

1. Finally, you’ll then head to your profile to customize your account with your personal details like name and profile picture.
   
   
   


Registration Offers In Tradingview

There are a variety of offers on the tradingview platform where you can choose the one you can afford. Each offer comes with its own price and additional functionalities. Note that, the free trial has limited functionalities as there are offers that we can’t access with the free trial. The various offers available are Pro Pro+ and Premieum

MONTHLY OFFERS

ANUALLY OFFERS


Pro: The cost of the pro is $14.95 for a monthly subscription and $155 for an annual subscription. It allows for customization of time slots and it removes advertisements.

Pro++: The cost is $29.95 for a monthly subscription and $299 for an annual subscription. More indicators are added to each chart in this offer, and you’ll also be able to export data easily to external sources.

Premium: This is the final offer and the most costly, with a variety of functionalities as you can add up to 25 indicators in each chart. It has many other functionalities which the first two lack, and the cost is $59.95 for monthly and $599 for an annual subscription

Some features of TradingView

Tradingview comes with so many useful features which make it more user friendly where users can interact. I am going to start from the homepage. The main features can be seen in the picture above because I have enclosed them in the rectangle.
The Chart

The chart is obviously the most useful feature for me in tradingview to me . It includes a variety of assets, including stocks, crypto, forex, and many other assets. This is where the analysis is usually done. You can add indicators to see the price action and predict the future of the asset you are doing your analysis on. Not only indicators, but many different graphical tools, like trend lines and texts, can also be added to help in doing analysis.
Trades



It shows a list of popular and trusted brokers with which you can trade your assets.
More
This includes miscellaneous features that may also be useful to the user. It includes a help center, a tradingview app and some other information about the platform.
Markets


This shows various assets with their current market price in tradingview
Screeners


It shows a summary of analysis based on the information gathered in the tradingview with the indicators on the various assets.
Community

This is the feature that can lead you to the various community forums and platforms. You can get more information about the platform like articles, trending issues, and many other communities.

How to Setup a Chart in TradingView

1. To setup a chart, you first of all click on the charts feature at the top of the homepage.

2. A chart will appear then you click near the top left corner to choose the asset pair you’re to use.
   

   

3. Click on settings icon
   

   
   
   

4. Customize your chart in the chart settings. Here you can customize the charts’ features, such as symbols, status line, scale, appearance, trading and events. I have set up my chart with these features as shown in the pictures below
   

   
   
   
   
   
   

5. I then changed the pattern to candles

6. My chart after the setup
   

   
   
   

Applying two tools to edit my chart

The trend line:
It is part of the functionalities of tradingview where we can add a line to follow the trend of the market. I have applied the trend line to my chart with the following chart.

1. Select the trendline from the tools,
   
   
   
2. Then draw your line between the points of your trend.
   
   
3. Then click on settings icon to customize your trendline
   
   
   

Text On Chart
The next tool I want to add to my chart is TEXT. This is done to label some important points in my chart. This can be done by clicking on the text icon labeled T for text and select the format you want your chart to be in. I selected the callout option.

I then entered my text.




This is the complete chart

How to Add an Indicator

I have demonstrated this by adding the 50-day and 200-day moving averages. The following are steps taken

1. Select the indicators icon by clicking on the icon with the fx sign
   
   
   
2. Because I will be dealing with moving averages, I selected moving averages by searching. I will be dealing with two moving averages, so I selected the moving averages twice.
   
   
   
3. I customized the two MAs to 50 and 200 days respectively by clicking on the settings icon, then changing the color of the 50day MA to green and the 200 day MA to red.
   
   
   
   
   
   
4. And it can be clearly shown in my chart below. The two MAs have crossed at different points and there is a reason behind that, which will be explained in the next part of this presentation.
   
   
   

My Favorite Indicator

There are so many indicators available in tradingview. My favorite among them is the Death Cross and Golden Cross Indicator, DC and GC indicator. They both occur when the two MAs cross one another. The manner in which they cross determines if it is death or a golden cross. This indicator is very useful for traders and market analysts as it is used in determining whether a bull or bear market is possible or not.
How the death cross occurs
When the 50day MA falls below the 200 day MA, a death cross is formed at the point where the two MAs meet. This indicates a fall in the price of the asset as the declining nature of the MAs means price fall.
How the Golden Cross Occurs’
The golden cross, contrary to the death cross, occurs when the 50-day MA rises above the 200-day MA. This indicates a positive trend as the rise of the MAs is characterized by price incriments.

I have indicated both the golden and death crosses in the chart below.

Tradingview is a useful platform for predicting cryptocurrency prices.

Trading view is really a technical platform. You can discover profitable trading and investment ideas from this platform and ideas. It creates a platform for showcasing talents to a wide range of community of traders. Trading View has all the outlining tools you need to share and view ideas for trading.

Constant information and program based outlines let you do your exploration from anyplace, since there are no establishments or complex arrangements. It includes a wide range of market indicators where we can do our analysis.

You can just open Trading View on any advanced program and begin charting, learning, and sharing ideas about trading. We can improve our trading capabilities and also contribute by seeing what others are doing. With all these functionalities offered by trading view, I can testify that trading view is really a useful platform to use when predicting the prices in the crypto currency industry.

Conclusion

Trading View is a platform for all crypto lovers. Professor @yousafharounkhan has really thought wisely about coming up with a whole topic dedicated to trading view. It will help newbies like me to pd. ractically work with the tradingview platform in hand.

Coming up with this assignment has helped me increase my knowledge of the trading view platform, including how to setup a chart, how to apply the indicators for market analysis, and a whole lot of other things. Trading View has made market analysis simple and modern. I will stop here but send my gratitude to the professor for this insightful lecture. Thank you.