Ultimate Guide to TradingView | Technical Analysis Masterclass

take a position uh I'll also check one or two points quickly bharathi airtel I'm going here I'm just removing things okay so if you remember we had drawn a Fibonacci from this level to this level okay now I do want to . I decide that if I want to take a buy position at the current level, what is my disadvantage? Ideally my downside is up to 500 and my upside is ideally around 568, almost 70, so what is my risk-reward ratio if I want to check? that I'll just press the long position here. I'll click here and my stop loss will be this Fibonacci support and my long position will be this target now.

If you see here, my risk-reward ratio with this stop loss and with this price target is 2.42 overall. It is said that the risk reporting ratio of two to one is considered good when the reward is and the risk is one, this is how you can establish a risk-reward ratio for a long position. You can also have it for a short position. I may also have some more interesting points here, so let me remove this Fibonacci again. I'll just hit delete. Okay, I'll also delete this now again. An interesting feature of the next point. I'll show you this quickly again. um bars. pattern, so if I were to analyze what happened in the past and if I were to predict what may happen in the future, okay, this was a consolidation, if you can see it here, so I'm trying to trace this from here to this point.

I assume there was a consolidation, which is more like an m pattern, what can happen in the future, okay, now what I can do is try to change it here, okay, now what I do is just pick this up and put it here oh Oh my God, history is almost repeating itself right now, okay now, if I see here, this is what can happen in the future, okay, to what level can it go, so I'm just squeezing it down, it can go up to levels. out of 641 if history repeats itself amazing, this is one of my favorite points, I hope you understood what point I used now.

I have used the bar pattern. Okay, if you want, you can always rewind this video, play it over and over again. Try to absorb this. Try doing this on your own too, so we move forward in secret. We have learnt a lot. I'm sure you might have gotten a little tired, so you might as well use certain symbols to pass the time. Yes, I love this. Put it on. here, uh, whatever, if you loved this madness, if you want you want to send me some dollars, you can or whatever, this is the time, come in, okay, so let me remove these symbols.

Now, go ahead, if you want, I can also measure something. Okay, so, for example. If I were to measure how long okay, let's say how long this upward trip was, I just click here and click here at the top, okay, this took almost 75 bars, okay and I'm just trying to narrow it down. this happened with a 57 percent lead so basically what is the rule to measure how much percentage was the lead how many bars did it take how many days did it take all this can be measured from the ruler okay hope you understood this point of rule it also advances what's next next is the magnifying glass, so for example, I only want to check what happened in these four or five days, so what I do, I select the magnifying glass and I only want to check these three. four candles deep in enlarged version this is what happened in these three four days well, I hope you understood this from now on strong magnet weak magnet these are these two magnets so, for example, if I drew them, if I said, join these two points, okay, let me show you the inside with the help of an example.

I've chosen the weak magnet right now and I say alt. I'm drawing a trend line okay so this basically helps me to attach to the body of the candle it's very easy I don't have to make much efforts nor the wick too okay it catches it automatically it has a magnetic power. Well, this was the weak magnet. Now just check the strong magnet for example again. I'm pushing. alt t and if I press here, I'm actually, I'm up there or it's actually getting difficult to even get it down because the magnet is so strong that it will automatically bring it closer to the body of the candle.

Ok, then you can also try this. You may not be able to understand this visually when you do this on your own. Your hand will feel that strong magnet while you are using the cursor. That's what happened in the strong and weak magnet. Okay, go ahead with the tension drawing tool. How does this help you? for example I want to draw trend lines every time I have to press alt t ok I don't have to press alt t anymore instead if I am in drawing mode I still draw like next next next , I can follow. draw trend lines without interruption, that's how it works.

I can also lock all drawing tools if I want. I can also hide the entire drawing. We'll see that we go in a second and like I told you, the last part is the trash can part. I want to be able to put everything in the raspberry. I hope you understood the left panel very well. Let's start with the bottom panel. Now we are almost at the end. We've done quite a bit about the business view. Oh my god, it's fun. uh, go like this. in depth and know a lot about a single website, the most interesting feature of this website is the stock screener.

You could say ma'am, you always talk about the evaluator.10 but wait, this has filters related to

technical

analysis

, okay, so what can you do now? you can just hit filter okay now let's say you want to look for stocks where let's say rsi uh let's say I'm talking about rsi is above 60 okay and if I say that here you can see one automatically so This filter has already been applied. all of this is a list of stocks whose rsi is above 60. If you want to check, you can go to the drop down menu, go to oscillators just to check, you can go to the right and here you can see all of these.

We have filtered out all the stocks that have arrived here, the RSI is above 68, such an amazing feature, so it is the stock screening feature. You can have so many functions that you can put for any CD that you can put for the Bollinger band for the moving averages. whatever, okay, so continue if you want, you can put some text notes, whatever you want, but I never use this. If you want, you can use the Pine editor too, but this is only important for those who can code a lot, frankly speaking. I can't, that's why I don't use the Pine editor with this.

You can have your own strategies right now. I hope you have understood how you can use the Pine editor properly, so continue and you can also move ahead with the strategic tester. but personally again I don't use it. I always use this button that I already showed you, which is about repeating the bar. Okay, so I use it with the bar rep, not the strategy tester. In simple words, this is used to test any strategy. Okay, moving on from the last one, you can also have your own commerce panel, but again, none of these are available in India.

If you are outside India, you can definitely take advantage of these facilities. Those who wish can also carry out paper trading. It's also doable with this, we're done with the bottom side panel. This is the main part of the bottom side palette. Well, now we come to the last part, which is the main graph panel. Now, what is in the main chart panel? the panel talks about the name of the stock, it talks about whether it is a day candle, if I choose 15 minutes automatically it goes to 15 if I choose weekly, then it shows a week, ok, it also shows if it is nsc or bse if you want , by the way.

This is the symbol color you have chosen, if you remember, in watch lists you can have multiple colors again. This is available only in the paid version. It is not available in the free version. Okay, fair enough, if you want, you can hide it too. this is the hide and show eye if you want, you can also have these last three points when you can put an alert again, okay, we've already talked about this, okay, so let's not focus on this very nice thing again, here is that you can see. that dash means the market is closed.

If you click here, it will say it's time to walk. The market is closed. Well, when the market is open, it will show you how much time is left and then you can see the open, high and low close that we talked about. This is fine too, it's mainly a left side part. Whatever you can see on the chart on the right side, you can see that this is nothing more than the price. Okay, currently here you can see today's candle. Here you can see it's 500 and whatever almost 518 uh low point 520 whatever, this right side basically talks about what the price is if the market is open.

It also shows how much time is left for the market to close if you are in a 15 minute scandal and if you try to scroll here, it will show you how much time is left for the nearest close of that particular candle. Well, you can see the right side of the chart now if you go to the bottom of the chart screen. You can see what the time zone is, so if, for example, you are in the US, you can also change this time zone. One more cool feature at the bottom is that alt g is ok or click here so if you want to go to the historic day of 1903 2020, just type 93 21 days, press go and it will take you directly to this scandal, the day in which there was a big buzz in the market, so this basically helps you to change to a specific date. really easy ok i missed one more little point if you want for example if you want rsi to be at the top and the chart at the bottom so just click on this panel to move down now rsi is at the top, the chart is at the bottom again.

If you want, you can say that the paint down motion graphic is at the top and this panel is at the bottom. I hope you understood this last part too. I hope you really enjoyed this detailed

analysis

of the indoor operations view. This was actually a beginner version of the indoor trading view, if you are an advanced person again, like I told you, you can also have your own strategies, you can have that pine editor and all that, but for a beginner this is more That's enough, believe me, I ask you to do it. Watch this video at least two more times so that all these features we talked about today fit into your mind.

Try to take advantage of them more and more. Do it practically side by side and you will have a good practical experience with commercial view I hope you enjoyed this, share it with as many of your friends that they also benefit from this video and until then take care and bye.