Interesting features in Trading view

If you haven’t already heard, Trading View is now available on Kite. The TradingQ&A post announcing the beta launch may be seen here.

Given this, I’d like to share a few of my favourite. Trading view (TV) features, which I think will be useful to you, especially if you’re new to TV. I’m not going to go over the most obvious charting elements on TV, which I’m sure are very simple to grasp. These are a few unusual ones that come in helpful when working with charts.

Multi timeframe setting

This function is not unique to television, but I believe it works better on television than on other platforms. I’m sure most of you are familiar with the various layout options.

Assume you want to trade ‘Indigo’ on an intraday basis. One thing you should consider before placing your order is how Indigo’s pricing changes over time. The consistent practise reduces the frequency from once a day to 15 or 5 minutes. While this fits the goal, it would be interesting to observe how the chart looks at different periods in real time. This allows you to anchor the price and have a view on where the current market price stands in relation to other timeframes. For example, I prefer to look at the 1-day, 30-minute, and 15-minute charts all at once.

With TV, you can do this very easy. Here’s how:

Select a layout that you are familiar with by clicking on the ‘Select Layout’ option in the top right corner. Because I want three charts, I chose a three-chart arrangement that matches my needs.

This is how the chart layout looks after you select it. All three charts now show the same scrip and time frame, i.e. Indigo’s 1-day chart –

Also, the one on the left panel is highlighted among the three charts, as indicated by the blue border.

The following step is to switch the time frame between the three periods. My personal preference is to keep the left panel at the frequency on which I expect to trade, i.e. 15 minutes, the right top panel at 30 minutes, and the right bottom panel at 1 day. You can adjust the time-frequency by clicking on the chart (the chart is highlighted and a blue border appears) and selecting the desired frequency. A red arrow indicates the frequency change option.

With this structure, I can now view all of the price movements throughout all time periods in an one shot.

Once you get this set up, you can do some interesting things. The crosshair, for example, is in sync here –

When you place the crosshair on a specific price point, it shows across all time periods at the same time. This allows you to have a perspective on the price action as it unfolds over multiple time spans.

If you wish to focus on one of the three charts, click the toggle button at the right bottom. This will magnify the chart and help you focus better –

You can annotate the chart, write notes, and limit its visibility to a specific timeframe. For example, the end-of-day chart may indicate a double top; if so, I’ll be ready with my shorts. This, however, is at the end of the day chart. So I can just remark on that chart. Select a text box by clicking on the text options –

Drop the text box to the desired time range and scribble your comments –

That’s with the multi-timeframe functionality, which I believe is useful for intraday transactions.

Undo Redo

This is a wonderful feature that I enjoy. Many times, I muck up the charts by putting trend lines and indicators that don’t make sense, such as this one –

In most other platforms, you’d have to select the trend line and erase it if you wanted to get rid of it. This is something you can do on TV with a single click. Please keep in mind that the undo functionality only undoes the most recent activity.

Visibility

This is yet another interesting feature. The visibility options allow you to visualise a specific drawing or trend line only within a specific time period. Here’s an example of a Fibonacci retracement on an end-of-the-day chart –

When I switch to an hourly chart, I can still see the Fibonacci retracement –

This can be a distraction because the study may not be applicable to this time range. You can fix the research solely to the relevant time frame on TV, and if you change the time frame, the study will not display.

To do so, double-click on the study and select Settings –

I’ve stated that the study should only be visible at the end of the day chart. As a result, if I modify the frequency, this study will no longer appear.

Go to date

This one is fantastic. How many times have you wanted to know how the stock price behaved on a certain date at a specific time? Let’s say I want to know what Infy did on January 2nd, 2019, at 12:30 PM. To figure this out, you normally have to scroll through the charts, and after a little trial and error, you’ll come up with the exact date. There is no such trouble with television because it includes a ‘Go-to’ feature. This tool is so effective that it can take you to the exact candle, even if you’re using it intraday. This is visible at the very bottom of the chart –

I’m looking at the March 5th, 12:15 PM candle –

Hd Images

How many times have you made a significant chart with a lot of research on it? You want to share it with a friend via what applications or tweet it, but you end up taking a snapshot of the chart, which produces an unappealing effect. You can avoid this by snapping high-quality photos of the chart while watching television.

All you have to do to get the image is press ‘Alt + S’ –

This will give you an option to either save the image or tweet it.

I’ll keep this chapter open. I’ll add more interesting features as I discover them myself. Meanwhile, if you have something interesting to share, go ahead and comment below.

Happy trading!