✍Task of the week✍

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A big greeting to the entire SteemitCryptoAcademy community, especially to the teacher @yousafharoonkhan who conducted a very important class for people who want to venture into the world of trading, as TradingView is a platform that has many tools that allow us to perform the analysis in the most concrete and accurate way possible.

Defining the TradingView site and how to register an account in tradingview? what are the different registration plan?(screenshot necessary)

TradingView is a platform founded in September 2011, which allows the technical analysis of different markets, not only cryptocurrencies, through charts and indicators of high demand. In addition to this it is considered a social network, as it allows interaction between users with public chat rooms, live broadcasts and private messaging. This makes it very different from other platforms of this style.

While it may not be considered reliable to follow recommendations from strangers, within this platform there is a self-regulation given by the users themselves, as it allows blocking people who are undermining the integrity of the TradingView ecosystem.

But what is most striking about this platform is the number of indicators and patterns that it supports (more than 100 indicators), such as Fibonacci, Oscillators, Gann, among others. In addition, the annotation tools allow the trader to perform their work more smoothly and on top of this share it with other traders. There is a continuous flow of information from both experienced and inexperienced people but backed up by consistent charts in real time.

In addition to all this has a charting service in HTML 5, which although it is a little poor is quite useful and also represents a difference with the rest of the platforms. Each user can create his own indicator and share it with the rest of the traders.

To enter, the first thing we do is to enter our trusted search engine, in my case is www.google.com and search for TradinView. We select the first option that the search engine gives us. We will see the main screen, as shown below and select free trial:

_{Captured by @marianaceleste, and edited with the canva application}.

Once there, you will be directed to this screen that I show, where you can see the different plans available. This is not a free service, and the trial is for a limited time. The price will depend on the requirements of each trader, because the more expensive the more tools and access the user will have. If you are a person who is just starting and wants to invest, the ideal is to start with the most basic plan, but as you are an inexperienced person you will not know how to exploit to the maximum what TradinView offers you.

There you can see what each plan offers you. The more expensive the plan, the more indicators, more charts available and more alerts, among others. It should be noted that this subscription amount is monthly, that is, monthly you have to pay the amount of the plan you want to enjoy.

_{Captured by @marianaceleste, and edited with the canva application}.

If you scroll down, you can see the free option which has several methods to sign up, with mail, social networks like twitter, facebook, linked in, among others. In my case I selected the gmail option, because I find it more comfortable and reliable.

_{Captured by @marianaceleste, and edited with the canva application}.

Once created it asks me to enter my profile data such as name and photo. I put my profile picture and user marianaceleste. Finally I have my free trial on TradingView and now I am going to explore it.

_{Captured by @marianaceleste, and edited with the canva application}.

Explain the different features of tradingView and what is your favorite feature and why?(screenshot necessary)

Among the main features of Trading View are:

It is an online platform.

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Which is very beneficial because it does not need to download any application, just by having internet access we can access it.

It is intuitive.

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You do not need to have great knowledge to learn how to manage the tools it offers, its interface is very easy to understand. You only need basic knowledge required.

It offers a community for the exchange of ideas.

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As I mentioned before, it has private and public chats and live broadcasts where traders can exchange ideas and expand their perspective regarding the analysis of any market of their interest. Let's remember that these analyses are very subjective and having other points of view can give you a broader view of the market and help you make better decisions.

_{Captured by @marianaceleste, and edited with the canva application}.

Stock Analyzer

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Where a large amount of data is displayed, such as financial statements, valuation analysis, prices, volumes, schedules, valuation of different assets worldwide. Allows to set alarms to follow up on them. The user can filter the assets that best suit his criteria.

_{Captured by @marianaceleste, and edited with the canva application}.

It has a wide range of market information for users.

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Some of the markets that we can observe in TradingView are: stock indices, cryptocurrencies, commodities and currency markets. The user can monitor these markets in real time, and also make notes, obtain relevant information.

_{Captured by @marianaceleste, and edited with the canva application}.

Has financial intermediaries for trading

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In this tab we can get the testimonials of users who have made use of the platforms or brokers that are partners of TradingView, for trading.

_{Captured by @marianaceleste, and edited with the canva application}.

Has a multitude of charts for analysis of any market.

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This is one of the most compelling features, as the number of charts available really surprised me. TradingView allows you to view up to 8 charts simultaneously. It has a lot of functions within the charts such as: alerts, watch list, relevant data, indicators, strategy simulator, text notes, save charts, place orders, among others. With so many tools it is very easy to perform a technical analysis and victorious trading.

_{Captured by @marianaceleste, and edited with the canva application}.

Here I will stop to explain how the tools are structured in the graphics section:

_{Captured by @marianaceleste, and edited with the canva application}.

1. Drawing tool menu: which allow us to perform chart analysis such as trend lines and Fibonacci.
2. General menu: We can change the asset of our preference, temporality, modify alerts, what kind of charts we want to display, and indicators.
3. General menu: in this section we can change the views, and create or save chart templates.
4. In this section we can modify the news calendar, organize our ideas, among other functions of easy exploration.
5. Here we can observe the news and prices of what we have on watch.
6. The price chart.

Definitely my favorite feature is the simple interface, I did not need to watch many videos or large studies to learn to use their tools because honestly it was the first time I entered this platform. Although it has a lot of tools and graphics the fact that it is simple to use makes it more enjoyable to use.

How to set up a chart in TradingView and use two tools to edit it.(screenshot necessary)

As I mentioned before, it is an intuitive interface. We go to the top left and we can modify parameters such as:

The color of the interface to light or dark (which I had done previously), by clicking on the stripes in the upper left corner as shown in the image.

_{Captured by @marianaceleste, and edited with the canva application}.

Type of chart we want to visualize (located on the far left as shown in the graph): whether line, candles, areas, renko, range, among others.

_{Captured by @marianaceleste, and edited with the canva application}.

The temporality of the graph, by clicking on where the D is (as it is configured in days). It can be seen in minutes, weeks or months. As shown below.

_{Captured by @marianaceleste, and edited with the canva application}.

_{Captured by @marianaceleste, and edited with the canva application}.

Do you think TradingView is useful in predicting the market for cryptocurrency (trend / price)?

Absolutely yes, because TradingView is a very complete platform, with a large number of indicators and graphs that allow you to intertwine those indicators and thus have more certainty of the possible movements of the assets being studied. In addition to reflecting real-time charts, it allows you to know the views and suggestions of other traders that although they may be wrong or not, you can have another perspective and make a deeper analysis.

Explain how to add indicator in chart, what is your your favorite indicator and why? (screenshot necessary)

This is done by clicking on the icon that has a kind of f (function symbol). A list of all the available indicators is displayed, which obviously varies according to the subscription you have.

_{Captured by @marianaceleste, and edited with the canva application}.

My favorite is the Awesome Oscillator which is visually very easy to interpret, it tells us if a trend is up or down and also how fast the financial asset under study is rising or falling in a stock market trend. It consists of bars that are above or below a line called zero. If the bars are above the zero line is an upward trend and if it is below the zero line we are in a downward trend.

As for the color of the bars: if the bar has a value greater than the previous bar is green, if the bar has a value less than the previous bar is red.

This Oscillator is calculated on the basis of two moving averages:

Although it indicates valuable information, this is a complementary indicator, that is to say, it must be complemented with other indicators to corroborate the veracity of the information.

_{Captured by @marianaceleste, and edited with the canva application}

Conclusion

TradingView is a very complete social network that helps technical analysis to be as accurate as possible for a correct interpretation of asset prices and markets of interest. The fact that each user can make their own indicator with HTML 5 programming language and share it with other users is a distinctive tool.

Not to mention the more than 100 indicators that brings by default, so I can conclude that if you are going to dedicate yourself to the world of trading is worth investing in this platform.

Translated with www.DeepL.com/Translator (free version)

All the content of this text is authored by @marianaceleste, with original stamp for the steemit platform.

The banner and images were edited with the canva application by @marianaceleste.