Crypto Academy / Season 3 / Week 7 / [@Homework Post for @yousafharoonkhan] / Trading View
Today I read the lecture of Prof.@yousafharoonkhan. Today's topic is going to be very informative. I am happy that I am also becoming a part of such an informative topic.
1-Defining the TradingView site and how to register an account in tradingview? what are the different registration plan?(screenshot necessary)
Trading View is a worldwide platform used to show traders trends. It contains charts of all the world's cryptocurrencies, stock exchanges, forex, index, and metals. If you want to analyze any pair, you can open the chart of that pair on Trading View site and find out its trend.
As we all know, online business is booming very fast and the number of online traders is increasing rapidly. A large number of traders resort to the website or application through trading charts to estimate the market trend.
Trading View has all the tools and indicators that can be used to predict the trend of any pair. That's why most traders use the Trading View website or application.
To open an account, first I have to go to TradingView's website. For this, I will use Google search engine. Here I have to type "TradingView". and Click on it. After clicking the next page will appears.
Scroll down the page and click on " Start Free Trail "
The interface we will see and click on " Try free for 30 days ".
The next page will appear and you can see many options for signup likes Google, Facebook, Twitter, Email more others. We will choose Email for signup. Click on the Email.
After clicking on email the next page will open. Type your user name, email and password and Accept all the terms and captcha. Now click on " Create Account ".
You will asked in this page that an activation link sent to your register email and you can it now.
Open your Email and click on " Activate Account " Now you have completed your registration on trading view and you can upload your profile picture and set you personal informations.
There are three plans which can you buy. These plans are Pro, Pro+ and Premium.
These 3 Monthly Plans:
- Monthly Pro Plan - $14.95
- Monthly Pro+ Plan - $29.95
- Monthly Premium Plan - $59.95
2-Explain the different features of tradingView and what is your favorite feature and why?
Trading View is a website that has many features within it. Traders use these features to check the market trend. Here are some of the key features discussed in today's lesson. Most important feature is markets.
This is an important and informative feature of Trading View that gives us access to all stocks, cryptocurrencies and futures currencies.
This feature allows you to check corrupt assets. When we click on the market we see some options
- Cryptocurrencies
- Currencies
- Stocks
- Indies
- Futures
- Bonds
- Sparks
We can select any of them and get the information of all these pairs.
I will select the cryptocurrency here and then click on Ethereum
This screen will appear after clicking on Ethereum and all the information that we need will show there. All the pairs with trading volume you can show in this platform.
Move to another feature Screener.
This is also very important feature in trading view. This feature shows us the changing in volume and all other changes in crypto assets.
Trade Feature is also important that show us the top brokers of the world and provide all the information which we needed.
In Community Feature we can read the articles and opinions of the experts that help us in our trading ideas.
My Favorit Feature:
The most important feature for me is the market because it provides us with a lot of important information that allows us to quickly estimate any asset and this feature provides us with whatever information is needed. It provides us with crypto, stock and forex information. It provides hourly high low and volume information.
3-How to set up a chart in TradingView and use two tools to edit it.(screenshot necessary)
All features are usable in Trading View and have many advantages that enable traders to trade and guess the right direction. Of these, charts are the most commonly used. In which the trend is known by using tools.
To set the chart, click on chart on the left side, the red arrow is indicating.
After opening the chart we will select SBD/BTC pair.
There are many candle styles in which we can select of our choice.
bar
candles
hallow candles
line
area
and many more. we can set candle style here.
We can also edit the candle setting which we want.
We can also choose the time frame of our choice. There are many time frames like 1 sec to 1 month.
Now we move forward to the next section Tools to edit chart. Go to the tools and click on the " Regression Trend "
After applying you can set on the chart and also change its setting.
Now we move to another Tool to edit chart. We select Trend line to edit chart, Go to the tools section on the left hand and click o trend line.
After applying trend line on the chart, we can set as per trend and we also edit the settings.
4-Explain how to add indicator in chart, what is your your favorite indicator and why? (screenshot necessary)
Indicator is the most important tool in chart which is used to analyse and market trend finding.
Click on " Indicators and Stretegies "
Here you will see search bar type there Super Trend Indicator and select supper trend indicator. Click on it.
After that the Super Trend will show two line Green and Red. Green line gives us indication for buy signal and Red line indication for sell signal.
This indicator is very simple to use as above in the screenshot.
5-Do you think TradingView is useful in predicting the market for cryptocurrency (trend / price)?
In my opinion, Trading View is a very good website that provides all kinds of facilities to traders. Here you can find out the trend of any currency. There are many tools that can help you do trades.
It can be used to analyse the market trend with the help of various indicators and with the help of its drawing tool, you can make your own strategy and estimate the right direction. That's why I find Trading View website or application is really useful for traders.
Conclusion
I benefited a lot from today's lecture because I got a chance to understand some of the tools I didn't know about and my knowledge increased. I am very thankful to Professor @yousafharoonkhan for this informative lecture.
Respected first thank you very much for taking interest in SteemitCryptoAcademy
Season 3 | intermediate course class week 7
you did not disscuss about the indicator that what is your favorite indicator and why , so it is very much important to explore every point of the given question to gain the good grade,
thank you very much for joining this class,
Thank you for your feedback, I really missed what you mention.