Forex trading is becoming more popular by the day, and with that rising interest comes the need to learn how to chart and identify patterns. Trading View Charts is an advanced charting tool used by investors to identify opportunities and track the movement of currencies. This article covers the basics of adding your name to a chart, and the Forex Master Pattern Value Lines Indicator that can help identify the phase one contraction of a Forex Master Pattern cycle.
Accessing Trading View
The first step in getting started with Trading View Charts is to open the trading panel. To do this, simply go to www.tradingview.com/chart: after selecting your broker of choice, you will need to log in with either a live or demo account. Ensure that the selection is set to FOREX.com.
Adding a Symbol to Your Chart
Adding a symbol to your chart so that you can begin tracking it is a simple process. Begin by right-clicking the symbol in your watchlist and selecting “Charts>Advanced Charts” to launch a new window with the blank chart. To specify the parameters of your chart, use the fields in the settings panel on the left-hand side of the chart.
What’s more, you can also add your own name to the chart, allowing you to keep track of your personal chart’s performance. To accomplish this, simply select “Add name” from the “Actions” menu, enter your desired name, and click “OK”.
Forex Master Pattern Value Lines Indicator Overview
The Forex Master Pattern Value Lines Indicator helps investors to identify the onset of phase one contraction in the Forex Master Pattern cycle. The indicator displays three lines—the 21 day lines, the 34 day lines, and the 55 day lines—that can be adjusted with the “Period” value and “Color” value settings.
The user can use the “Colors” feature to identify peaks and troughs in the cycle more easily. This is done by assigning a specific color to specific lines. For instance, a blue line may represent the 21 day line, a green line the 34 day line, and a yellow line the 55 day line.
Trading View Charts is a powerful tool that helps investors analyze the market in an easy to understand way. By adding a symbol to the chart and customizing it with the various settings, investors can analyze on their own terms and better understand the ebbs and flows of the market. The Forex Master Pattern Value Lines Indicator can further assist investors in identifying the in-phase of the cycle in order to make more profitable decisions.
Instantly Name and Rename Drawn Objects with Trading View
Trading View is a platform that offers many tools for analyzing the stock markets. It has recently introduced the ability for its users to easily name and rename drawn objects directly on the chart. This feature is incredibly useful for active traders who often use shapes and lines to chart their movements. Now, it is pulled objects are no longer mixed and forgettable. Without this new feature, traders would have to manually name and rename objects onto a paper or in a spreadsheet. Trading View has automated this process and made it painless.
Display Symbol Ticker, Timeframe, and Date
Trading View now allows its users to display not only the symbol’s ticker, but also the timeframe and date that the chart is currently referencing. This displays the stock timeframe and serves as a quick reminder of the date and time that the stock chart was referencing – helping you make decisions faster. Moreover, Trading View also equips its users with the ability to change the view of the chart as needed. This helps traders tailor their viewing experience to their own preferences, allowing them to focus on the information that is most valuable to them.
Protect Your Personalized Usernames
Trading View adds an extra layer of security to its charts by ensuring that all usernames are protected. This is a great feature that helps keep all of your data private and secure. Furthermore, users can also add a personalized name to the bottom of the chart. This helps keep the user linked to the chart, providing valuable information and allowing others to see the unique thinking that goes into the decisions that are being made. By adding this personalization to the chart, Trading View makes it easier for people to trust the data that is provided in the chart.
In summary, Trading View has made a great addition to its platform, allowing users to name and rename drawn objects and display the ticker, timeframe, and date of their chart. Furthermore, the platform’s additional security measures allow users to protect their personal usernames. All of this adds up to an invaluable feature that will allow traders to more effectively analyze the stock market and make decisions quickly and confidently.