Technical analysis only works if your process is simple, repeatable, and measured. TradingView gives you the structure to do this. You get clean charts, deep indicator libraries, alerts, scripting, and broker integration. When you combine these with strict risk rules, you remove guesswork and speed up execution.
Access 1,200+ global CFDs instruments.
Access a plethora of trading opportunities across the financial markets.
Start with a stable workspace
You trade better when your chart is quiet. Use one neutral colour palette. Hide everything you do not need.
- Primary chart type. Candlestick.
- Backup chart types. Heikin Ashi for trend smoothness. Renko for noise reduction.
- Baseline. 200-period simple moving average on the daily chart for context.
- Grid. Light.
- Sessions. Highlight London and New York for FX and indices.
Timeframe stack that works
You need the big picture and the entry trigger. Use three steps.
- Frame the bias. Weekly and daily. Identify trends, key levels, gaps, and value areas.
- Plan the trade. Four hours and one hour. Map the range and mark supply and demand zones.
- Trigger the entry. Fifteen minutes and five minutes. Wait for structure breaks or rejection wicks at your levels.
Price action first
Indicators are useful, but price tells you more. Train your eyes on structure.
- Higher highs and higher lows define an uptrend.
- Lower highs and lower lows define a downtrend.
- Sideways movement means you trade ranges, not breakouts.
- Strong candles at key levels matter more than small signals far from value.
A simple indicator stack
Keep it light. You want confirmation, not clutter.
- Trend filter. 50 and 200 SMA. Trade with the slope and crossover.
- Momentum. RSI 14 with 30 and 70 bands. Look for divergence at your zones.
- Volatility. ATR 14. Use it to size positions and set stops.
- Optional. Bollinger Bands for squeeze and expansion. Volume Profile for value and imbalance.
Execution rules that reduce errors
Rules beat opinions. Write them down inside TradingView as text notes.
- Only trade in the direction of the daily trend unless you see a high-quality reversal at a weekly level.
- Risk a fixed fraction of equity per trade..
- Place stops beyond the structure. Do not use round numbers alone.
- Target at least one and a half times your risk. Two times is better in trends.
- If price stalls at one times risk, trail to break even.
- Cut losers fast. Do not move stops wider without a new technical reason.
Alert design on TradingView
Alerts save time and reduce FOMO. Program them around price and conditions.
- Price level tags. Alert at your premarked support, resistance, and session highs or lows.
- Condition alerts. RSI crosses 30 or 70. Price closes above 50 SMA with rising slope.
- Pattern alerts. Higher low after a sweep of equal lows. Inside bar break with rising volume.
You can combine conditions so alerts only fire when context and signal line up. That is how you avoid noise.
Playbooks by market
Each asset class has its personality. Tune the same framework for each.
FX and indices
- Session structure matters. Use the London open and New York open boxes.
- News drives spikes. Filter with the economic calendar.
- Trends can run. Use trailing stops based on ATR or swing structure.
Commodities
- Inventories and OPEC headlines move oil.
- Gold reacts to real yields and the dollar.
- Breakouts work well after long squeezes. Confirm with volume expansion.
Crypto
- Weekend liquidity is thin. Size down.
- Squeezes release fast. Use conditional orders at preplanned levels.
- Manage gaps between venues by anchoring to your CFD feed.
Stocks and equity CFDs
- Earnings windows add gap risk.
- Pre-market levels shape the first hour.
- Gap and go or gap and fade are your two simple models. Define both in advance.
Entry patterns with clear rules
Pick a small set and master them. Log every trade and screenshot the chart.
Breakout with retest
- Bias up. Range forms under resistance.
- Break closes above the range on rising volume.
- Retest holds the prior ceiling as a new floor.
- Stop below the retest low. Target two times the risk to the next supply zone.
Reversal at a higher timeframe level
- Weekly zone hit. Long rejection wick.
- RSI divergence in one hour.
- Five-minute structure flips with a higher low.
- Stop below the flip. Scale partials at one time risk and at the prior swing.
Trend pullback continuation
- Daily uptrend above 50 and 200 SMA.
- Price pulls back to the 20 EMA or a prior four-hour demand.
- Bullish engulfing candle.
- Stop below the pullback low. Trail below higher lows.
Risk and sizing with ATR
Volatility changes every week. Your stop distance must adapt.
- Stop distance. One to one and a half times ATR on the trigger timeframe.
- Position size. Risk per trade divided by stop distance equals units.
- Do not fix lots. Fix risk. This keeps your P&L distribution stable.
Pine Script for edge and discipline
You do not need to code to trade well. But Pine Script helps enforce rules and test ideas.
- Build a clean signal that only triggers when trend, momentum, and location agree.
- Backtest over several years. Include different regimes.
- Validate with walk-forward tests.
- Track hit rate, average win, average loss, and max drawdown.
- Do not curve fit. Fewer inputs are stronger.
Capitalise on volatility in share markets
Take a position on moving share prices. Never miss an opportunity.
Backtest method you can trust
Keep it honest. You want robust, not perfect.
- Use out-of-sample periods.
- Include slippage and fees.
- Test on multiple assets.
- Compare a simple baseline like buy and hold or a moving average cross.
- Reject systems that fail when volatility shifts.
Journaling and review
You improve what you measure. Use a simple log.
- Screenshot entries and exits.
- Record setup type, risk, result, and a one-line lesson.
- Tag mistakes. Over-trading. Late entry. Chasing after the news.
- Review weekly. Remove one mistake at a time.
Workflow with Skilling Trader, cTrader, MT4, and TradingView
Analysis and execution must live close together. That keeps slippage and errors low.
Build your bias on TradingView.
Place and manage orders on Skilling Trader, cTrader, MT4, or directly inside TradingView.
Match your risk templates across platforms. Same lot sizing logic. Same stop conventions.
Use the same symbol feed for analysis and execution to avoid level mismatch.
What to avoid
Overlapping indicators that tell the same story.
Fighting the daily trend for small mean reversions.
Moving stops wider out of fear.
Adding to losers.
Ignoring the calendar.
Method
This guide uses a rules-first approach. The steps are simple. Frame the bias on higher timeframes. Wait for alignment on execution timeframes. Use price action at levels. Confirm with a light indicator stack. Control risk with ATR sizing. Log and review.
For traders
Make it boring and repeatable. Let TradingView do the heavy lifting. Let alerts find the setups. Let your rules protect capital. Your edge is consistency, not prediction.
FAQs
1. Why use TradingView over other tools?
You get clean charts, strong alerts, Pine Script, and direct broker links in one place. That shortens your workflow and reduces errors.
2. What is the minimum indicator set I should use?
A trend filter, a momentum check, and a volatility tool. Many use 50 and 200 SMA, RSI, and ATR.
3. How do I size positions correctly?
Risk a fixed per cent of equity. Use ATR to set the stop distance. Size equals risk divided by stop distance.
4. Do I need Pine Script to succeed?
No. It helps with testing and consistency. You can trade well with charts, alerts, and a clear plan.
5. How do I avoid false breakouts?
Wait for a close beyond the level. Then trade the retest that holds. Confirm with volume or momentum.
