Tool — Trading Ideas on TradingView

STRUCTURE - The key to success!STRUCTURING - The key to success! (Part 1) That structuring and order is the key to success, most will have already heard and partially applied in their own lives. - Chart analysis is no exception and after correct application the results are even monetarily noticeable. - How this can be implemented specifically in "TradingView", I present to you in this article. TABLE OF CONTENTS 1st Part = THE PROBLEM 2nd Part = THE SOLUTION 3rd Part = CONCLUSION PART 1 = THE PROBLEM "EVERYONE WILL KNOW THE EXPERIENCE, TO HAVE SET A TRADE, TO BE SURE OF VICTORY, ONLY TO BE MERCILESSLY STOPPED OUT." In hindsight, you analyze your failed trade and realize that in another "Time Frame" an important support/resistance level was below/above your "Stop Loss" and the "Trade Idea" was already - BEFORE - INVALIDATED. -> So one could have saved the "LOSS". Most of us will analyze several "Time Frames" to know - which levels are strong/weak and relevant. -> Regardless of the preferred "Time Frame", one will include the next larger/smaller "Time Frames" in one's analysis. -> The more "Time Frames" you analyze and include in your final decision, the more confusing it gets. -> The chart looks like a battlefield and the probability to make a profitable decision diminishes - significantly. The time spent to put together the individual pieces of the puzzle to the big whole is no longer presentable. = Headaches and a bad decision are pre-programmed. To avoid this problem and to make the "Multi-Time-Frame" analysis as effective as possible. I have tested the possibilities provided by "TradingView" and worked out solutions that work for me. -> I will present these in the following posts to inspire you and possibly provide a solution for an already existing problem. The benefits of a working structure are: "LONG-TERM TIME SAVINGS" + "SIGNIFICANTLY BETTER DECISIONS". 2. PART = THE SOLUTION 2.1. INTEGRATION OF THE OBJECT TREE The platform provides an "element" overview - of all objects drawn in. -> this option is an excellent way to structure all the objects located in the chart. - If you haven't used this option before, you will probably belong to the majority. - Unfortunately, this tool has not been sufficiently promoted by "TradingView", which is why it is unknown to many. You can find the "Object tree" on the right side, at the very bottom. (Image 1) If you have never used / structured the object tree before, it will look similar to our "UN-ORDERLY" example. (Image 2) In the third image, you can see how it can be once you take the time to add order. (Image 3) To get an overview, you can sort the drawn objects into groups and label them, depending on your own preference / structure. - This works with a simple right click on the object (e.g. Fib-Retracement). - There is then the selection "CREATE A GROUP OF DRAWINGS". Once several groups have been created, you may need a placeholder. Any is not provided by the program, but can be easily created yourself. = Simply draw a point with the BRUSH tool. -> switch off all Time Frames at Visibility -> create own folder for this point with e.g. "- - - - - - -". 3. PART = CONCLUSION With a little effort, order and structure can be provided here in the "much" edited charts. How you want to set up this structure is entirely up to you. In case you need a little inspiration, you can take the one I created. - - - - - - - - - - - - - - - IDT - Supply&Demand IDT - Fibonacci IDT - Trendlines IDT - Point of interest IDT - Market Structure Break - - - - - - - - - - - - - - - HTF - Supply&Demand HTF - Fibonacci HTF - Trendlines HTF - Point of interest HTF - Market Structure Break HTF – Volume level - - - - - - - - - - - - - - - LONG IDEA SHORT IDEA - - - - - - - - - - - - - - - IDT = Intraday HTF = Higher Time Frame If this idea and explanation has added value to you, I would be very happy about a review of the idea. Thank you and happy trading!

LONG & SHORT POSITION TOOL📚An In-Depth Look at Using This Tool This illustration explains the functionality of TradingView's Long/Short Position Tool and is intended to help new people looking for more information on this tool in a "novice friendly" format. TradingView’s position tool will aid you in pre-planning and pre-evaluating trades and as such should be an essential part of every trader's toolkit . Note: At its simplest, the position tool can quickly show you the R:R (Risk-To-Reward) of a single trade. By doing a little extra work, you’ll be able to then use this tool to properly plan for the risk of all trades you are taking compared to your total account size. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Important terms: Tick = A tick is a measure of the minimum upward or downward movement in price. Trade outcome statistics = Used to track the outcome of a trade. Example: “Current XYZ position closed +5.25% gain 10840 account balance after trade impact” P&L = A representation of current Profit & Loss. Be careful where you position the tool, as the P&L is calculated based on the position of the tool. Here are two uses for the Position Tool: 1. Only R:R = To quickly find only the R:R of a trade. This method does not bother changing account balance and such is only acceptable if you are tracking your current account balance and doing risk calculations off-platform in something such as a google spreadsheet. 2. Risk+R:R = To ensure your current trade idea meets both your R:R and max risk tolerance (risk amount; in our case, 1%). This is achieved by changing the “Account Size” option every time you are building a new position. This is the advised method to use, since like your trade journal, it’ll help keep you accurate and accountable. ----- We will now explain the options contained within the tool’s input on-chart menu: Account size = The current available balance within your account, the keyword here is available. If you are using the "Risk" option explained below then this needs to be updated upon starting to create a new trade setup. Risk = Your max tolerable risk amount (either in absolute numbers or as a % of your account size). The default option is "absolute numbers," this uses the base currency of the on chart asset (If you were on ETHBTC, then the base currency would be BTC; for SPX500USD it is USD since this asset is displayed in its USD value). As you know, we suggest you stick to %. Entry Price = The price you will be entering the position at. PROFIT LEVEL: Ticks = The tick difference from the entry price to the profit target. Price = The take profit price. STOP LEVEL: Ticks = The tick difference from the entry price to the stop loss. Price = The stop losses price. ----- We will now explain all metrics being displayed on the tool while it is plotted on the chart: Top info panel: 1. The difference in base currency (USD) from the entry price to the take profit price. 2. The difference in percentage change from the entry price to the take profit price. 3. The difference in ticks from the entry price to the take profit price. 4. The hypothetical account balance after the take profit target is achieved. Middle info panel: 1. Simulated P&L from the entry price to where the current live price is. (Displayed in the base currency of the on chart asset, USD in this example) 2. The quantity of the asset that should be purchased at the entry price. This is calculated as follows: Qty = Risk / (Entry Price – Stop Price) 3. The risk to reward ratio, this is how much you could gain compared to how much you could lose. The calculation is as follows: Risk/Reward Ratio = ((Take profit price - Entry price) / (Entry price - Stop loss price)) Bottom info panel: 1. The base currency (USD) difference from the entry price to the stop-loss price. 2. The difference in percentage change from the entry to the stop-loss price. 3. The difference in ticks from the entry price to the stop-loss price. 4. The hypothetical account balance after the stop-loss is hit. ----- Lastly, we will explain how Position Size and Account Balance are being calculated by TradingView: Long Position Variant Position Size: Qty = RiskSize / (EntryPrice - StopPrice) Account Balance when a position is closed after reaching the Take Profit level: Amount = AccountSize + (ProfitLevel – EntryPrice) * Qty Account Balance when position is closed after reaching the Stop Loss level: Amount = AccountSize – (EntryPrice – StopLevel) * Qty Short Position Variant Position Size: Qty = RiskSize / (StopPrice - EntryPrice) Account Balance when a position is closed after reaching the Take Profit level: Amount = AccountSize + (EntryPrice - ProfitLevel) * Qty Account Balance when a position is closed after reaching the Stop Loss level: Amount = AccountSize – (StopLevel – EntryPrice) * Qty AccountSize: Initial account size specified in the settings RiskSize: If the "Risk" option is set to "absolute numbers" = Risk If the "Risk" option is set to "percentage of account size" = Risk / 100 * AccountSize ----- Reference: www.tradingview.com If we made any mistakes please let us know in the comments. There was a lot of formatting we needed to do to best display all of this information for you guys! Enjoy. :)

Tutorial: Fib Extension Tool You can use it for different things. my main use for it is to project targets based on impuls legs. not always will price follow the AB=CD target. instead it often reverses before reaching point D. This tool can help you identify alternative targets. Technically speaking the shown example of usage isn't called a fib extension but a fib expansion. you can get fib extensions if you put point A' exactly back to A. You can find the tool in your drawing toolbar by clicking the third icon and selecting "Trend-Based Fib Extension". When you click on a drawn fib extension a little options tootlbar will appear where you can customize your fib levels. Commonly used levels for expansions / extensions are: 0.382 - 0.5 - 0.618 - 0.764 - 1 - 1.272 - 1.414 - 1.5 - 1.618 - 2 Keep in mind though, it is statistically proven that Fibonacci extensions work no better at predicting where price is going to turn than any other percentage. It's more of a self-fulfilling prohecy than anything else. Like my Charts? Feel free to donate : ) BTC: 1F1jpj7X3oyKHpGJ98chr39NvpzSXuPrnC LTC: LbsfK54KWQnyELCRTg2e9vfy1R5X7Nkuwa

Fib Extension Tool You can use it for different things. my main use for it is to project targets based on impuls legs. not always will an ABCD pattern have the AB=CD 1:1 ratio. CD will often be in a fib ratio to AB like indicated on the chart. using the tool you can find different levels quickly and even set your own custom level values. You can find it in your drawing toolbar by clicking the third icon and selecting "Trend-Based Fib Extension"