Is tradingview good for day trading reddit

Is tradingview good for day trading reddit. In addition, the bar replay is available for all time frames. Ok there's he call guys. To add to that their charting software is the best in the market after TradingView imo. 0. Indicators. Your videos are freaking amazing, and I’ve been using some of your strategies to fine tune to match my trading style. When the investing community actually read the minutes on Jan 5 (some over the next week rather than that day) and understood what had occurred, the 2022 market downturn started. These bounces are rare since it requires a strong trend on the intraday but the setups are really easy to see. brucekeller. d1ce88. There are Overbought zone (70+) and Oversold zone (30-). NEXT MONTH you use a NEW EMAIL with Same Credit Card will you be able to get a 1 month trial again? Dude! If you plan to use TV just pay for it. Although you can day trade in TOS, paper trading against historical data in TOS's OnDemand seems better suited for testing Studies or Strategies related to multi-day, multi-hour, or maybe multi-minute alerts and practice trades than for intra-minute trades. Shares Outstanding between 25m - 9 billion. ago. if __name__ == '__main__': TOS seems more of an options focused trading tool than a rapid fire day trading tool. Any trades you follow, or advice taken from this sub are your responsibility. I'd recommend not getting a chromebook and just a cheap laptop or mactop (or whatever they're called). One thing I like to do on MT4 that I have yet to see anywhere else is to backtest an EA in visual mode and there's a slider there that lets you speed up or slow down time. Which I'm very proud of (it wasn't easy). Once my Trading Chart gets into an uptrend, with higher highs and higher lows, i start targeting pullbacks for entries. spent year 1 learning, spent year 2 working out kinks of my system. I personally don't use "scanners" but if I had to, tradingview's is pretty great! This unofficial subreddit is set to discuss the newly launched KuCoin Trading bot. Use options, far higher leverage and the Greeks don't matter for day trading if you're in and out fast with well defined take profit and stop loss. The best way to explain supply/demand is that supply is top of range, demand is bottom of range. So far, I have had satisfactory success with scalping options with the 1-minute chart. Periodically analyze your trading performance and try to spot your mistakes. This community is devoted to the teaching of strategies and resources to help traders become consistently profitable. I use it for paper trading on my S7+ but really only enter market orders because for me, placing limit orders is cumbersome and too slow on a tablet for day trading. TradingView doesn’t have RS/RW scanners against SPY. Some of them are regulated in Canada and some are not. I have been trading futures on TOS for a couple of months and think it's time to move to a more futures focused broker. you can check them out when u are in the pro charts and pll up screener bar. Reply. The back tester is good at one thing, showing you the past. It was stressful when it’s your only source of income, also I find trading insanely BORING like watching paint dry. If you expect to actually make any money trading you're also going to have to spend some money. (Bottom left corner) strategy. Tradingview VWAP must start only at the beginning of the trading day. 4. FinancialMarketJunky. Otherwise pro+ is good. I want to run multiple WVAP indicators, one for the partial day, one for the week, one for the month. A few months ago I built a Trading View indicator that shows volume, real relative volume, and rs/rw in one indicator. Luckily had enough saved to avoid PDT. But the wins should outweigh the losses. If you want a broker that works with TradingView and is regulated in Canada by the IIROC regulator you can consider taking a look at Forex. Although I mostly trade small cap stocks, my indicators differ from my large cap indicators. IBKR allows you to trade on 150 markets in 33 countries. losaltoshillstrading. So my indicators are. It should be read as follows, had you had invested at the beginning of the cycle that the back tester shows, you would have made that amount of money. You should be able to demo Tradingview w/ whatever broker you're using for free to get a feel for it. Since the buyout Tradovate has had an increase in crashes, glitches, and a general feeling of instability to me (like screen blinking). As a day trader who sees profit on a daily basis, I do agree that the market is predictable. TradingView is more complete, but you'll need to learn to code in Pinescript if you want to backtest and scan. I've adapted my market-first algo-trading signal (I named it ZenBot - hah!) into a nifty TradingView indicator that shows buy, sell, short, cover, and relative strength/weakness changes for any ticker. If you want to trade on international markets, Interactive Brokers is a good choice. Try different strategies and record every trade you have made. FinViz. Particularly when it comes to writing things that rely on order flow or depth of market analysis. Best is kind of subjective. It worked fine Friday but today it is no longer executing my trades. Daily: 9 ema, 20 ema, 50 ema, 200 ema. Notifications that dont expire. I use ATP for long positions. 5% or Over +3. There is no such thing as 100%. It's usually 60% plus if you pay yearly instead of monthly, you get a bonus of additional 2 months free making it 14 months for the price of a year. It can be used for trading stocks, futures and crypto. When I first began trading in March 2020, I used the 5-minute chart for a couple of months, but switched to the 1-minute chart eventually when I started day-trading options seriously. Automation: Automatically read out the data directly from TradingView's Papertrading reports instead of needing to write it all down manually. I find this really good for backtesting that strategies work in all different market scenarios and stuff. They are a multi billion dollar company. seasonality. Broker = tradestation, linked to tradingview for trading. Best Trading Software/PC? Considering Think or Swim, ETrade’s platform, or Fidelity Active Trader Pro. Risk. This is only works for days with a strong trend from the morning price action. I like my charts simple, I have three charts in total per stock symbol and they comprise of a 5 min, 1 min and daily time frames. If you subscribe you can use the split chart to see two time-frames at once. This will really help me out! Now I can use this baseline to help to program my strategy and back test it. 2. So, we can't really answer your question. Remember, not every trade will be a win. 'dying' lmao. I’ve seen many people using RSI based on these signals, looking at if the market is oversold or overbought, and then selling if they think it has gone up “too much” and RSI is overbought or selling if it has gone done “too First of all, it depends on which markets you want to trade. To get fancy, you can explore adding: inter-market relationships. Trading view has great charts and by comparison IBKR charts are OK but not as good. These indicators work best with a stock that trades in a similar range like the general market or stocks with high relative str to spy. Pre Market volume between 25k - over 50million. g. Not good if fast entries are important to you. I trade with IG but since all my strategies have been made on TradingView, I only use TradingView for analysis/backtest/risk management. I specifically like the ones that indicate a market structure shift or an inefficiency. I just started learning about stock options (Trading) and I bumped into this website called 20 Min Trader. The TradingView IBKR integration is so far limited to stocks and futures. In the past I have recommended the following, and still stand by these suggestions: OneOption - In my mind this is the best trading community out there, bar none. Since TV is web based if you put their chart side by side with an IBKR or Lightspeed chart- tradingview lags by a second. Yes, there are such brokers. TradingView provides a variety of powerful tools specially designed for day traders looking to improve their decision-making capabilities. I'm just wandering if there are any fees apart from monthly fees e. Members Online Trading bots - up a few K and what I’ve learned AMP Futures & TradingView. The strategy achieves high win rates of 70% and more across different assets. CME or ICE crude). I have always like to trade short term trades (looking to nab myself 20 to 30 pips usually on GPB/JPY) just in the direction of whatever the prevailing trend Daytrading is the most difficlut type of trading , without proper knowldege of level2, footprints, you are just guessing, it all cost a lot of money too, check out jigsaw trading videos BTW live level 2 with options is $90 a month on IBKR , then you have jigsaw soft costs, then TV at least pro subs $20/m ,,,and trade-ideas is abour $80 for a I'm not disagreeing that trading is nothing like gambling. ADMIN MOD. I have been looking at a few that were mentioned, AMP, Tradestation, Quant Tower & Ninja Trade. Long or short as many as possible. TrendSpider was a terrific backtesting and scanning tool for me at some point, but it's not so great for live trading. A simple example: import pandas as pd. I would export my scanner to Excel, run a macro and upload the . If ThinkorSwim was more affordable it would be my default software but maybe one day lol. Once all the sell orders in the middle of that range have It's as simple as this, someone moves the market, everybody else jumps in. Options are +1, +2, or -1, -2. com lacks many basic features such as the ability to create a limit order with a stop loss Honestly just trade with paper money the first 6 months to a year. 2)Stochastic Custom Momentum Index, before trend changes, momentum slows. it's not a strategy specific only to tradingview. Trading view is an exceptional charting program that provides just the right amount of extra content to make it a viable long-term option. Draws out a trend Cloud of pre-existing support and resistance levels and tracks their movement going forward. Welcome to FXGears. Founded in 2005 by Steve Huffman and Alexis Ohanian, it is operated by Reddit Inc. In trading, being early is the same as being wrong. This post will be a review of Friday, September 3rd. Different operating system, not supported. Fees are also much lower than on most mainstream platforms like Binance and Bybit (this is why I changed from Bybit). R:R matters to the extent that you don’t want to be setting 5% stops and then taking 1% profits and feeling good you made 1% in a day. I basically only use mobile and tried using ThinkOrSwin on my little chromebook recently and realized I couldn't. I like to use the 3, 8, and 20 EMA along with RSI and VWAP on the 1 minute chart. Im in still in the phase of practicing, but so far ive been using TradingView. Supertrend Indicator strategy that's been working really well for me (thought I'd share). You will take losses. Tradingview is just a trading/charting platform not a broker so you either use the free version It’s a daily chart that uses the hollow candles with the 20- and 200-simple moving averages with the 5, 13, and 50 exponential moving averages. Quat-fro. //@version=5. Price and volume alone is the most important. 02% for limit orders and 0. The way trading is currently taught has caused tremendous damage to people who are just trying to better their lives, and has no place in this sub. I am using Think or Swim because of this, which allows settable start points. This allows for real-time data viewing, and also can take plain old tick data with no need for rounding or datetime formatting. I have been using pro+ for a while now and the only thing that’s a bit annoying is that the alerts have an expiry. -20%'s and -30%'s. I avoid the short setups as long as my Trend Chart is showing the trend as up. on the right most there is paper trading, there you can change to broker and then log in via a broker if that one is supported. Use these and this will put you ahead of 97% of all short-term traders. It's been super exciting watching it in action signaling Trade-Ideas Trial Run. Update: TradingView Relative Volume Indicator - Now With Plot. specific price patterns. Ninja trader bought Tradovate last year and seems to be in the process of integrating the two platforms. Tradestation is vastly superior in terms of data speed. Active Trader PRO (Fidelity) also limits a lot of OTC stocks. MT4 is better for backtesting than TradingView. But. The screener: Filters: Price = $5-100 (I don't like trading anything under $5) Change % = 5 TradingView Pro unlocks more powerful integrated trading tools, is ad-free and opens access to the social network. Wait for a bounce confirmation. My risk and scaling strategy is pretty basic compounding: max risk per trade is 2% of my current equity, which I adjust at the beginning of each trading day. Here's a list of all the previous monthly question stickies. Jun 19, 2023 · The Premium plan unlocks even more functionality, but it’s total overkill in my opinion (unless you’re running a trading firm or some other business using TradingView’s software). During the closing period, execute an algo that 1-to-1 offsets your position targeting the volume weighted average price. So I use the following: Small caps: 5 min: VWAP, 9 ema, 20 ema, 200 ema. But what I do use is the % change filters on various timeframes (1W, 4H, 1H, Since open) and search for higher then 1-5% (so 1 to 5% gain) if SPY was bearish and seems to be turning bullish to find stocks that are relatively strong against SPY. My win rate averages 70%. Currently, the IBKR integration is limited to stocks and futures. I realized this isn’t what I want to do full time. 1)Pivot Point Supertrend, a must have to understand overall trends and crucial pivot spots. Trade in the direction of the bounce. It uses the VWAP, 30 EMA and 200 EMA applied to the 4 hour or daily time frame. It replays to whatever date and time you want it to. Once the move is over, it's time to get out of the market. This strategy is a swing trading strategy designed to catch larger swings in trending markets while filtering out ranges. However, that relies on trading view working properly Reddit is an American social network with news aggregation, content rating, and forum activity. At $50,000 it was $1000 etc. I'm super excited at how well it's working and wanted to share it with everyone here. I joined some chat group that I paid money for. Pivots are good with EMA for possible direction. 1. Here's a real answer to "constant profit": Be first in the queue for trade-at-settlement futures contracts (e. I have been using the 1-minute chart for almost a year now. There are several alternatives to TradingView for charting and technical analysis in the world of finance and trading. Most brokers offer free scanners in their platforms (e. Got my paper account to $20k so far since January with $5700 in commissions. When price ranges there is no price discovery, orders sitting outside of the range are waiting to be executed. It's very pythonic in its style, and the GUI can be non-blocking or blocking depending on what you want out of it. An Introduction This is a quick overview of three of the best trading indicators for day and swing traders alike. Members are invited to test, discuss, and give feedback about this trading bot, welcome aboard. Any alternatives to reading orderflow with TV. The Black Friday deal usually starts on Monday the Thanksgiving week. The below script will run a >80% profitable strategy on every time frame for all indices, but it can never work in a market. If you're using the DOM or whatever you use w/ your broker, then you should be able to place orders through them & edit / modify them directly on Tradingview. This is for day trading, although I'm sure you could use it for swing trading as well. I tried 30days trail but it's asking for tax identification pin which requires a lot of document to get. If you used the CC with that Email for 1 month trial and then. One thing to consider is the PC. Very good trading interface with TradingView charts for both desktop and mobile, stop loss/take profit + many more order types, 200x leverage, 400+ altcoins, and a very fast order-matching engine. Tradingview fees. Let me give you an example to illustriate why you cannot rely on backtesting. If you seriously tested and explored I can vouch that if you believe it at face value, you will lose all your money. While i like to buy on the black friday as it's a good deal, i don't save what that % is every year. Use Pro+ FREE for 30 day s. I think I’ll be sitting in front of the computer a lot this weekend! Ha! Thanks again. com. 2000tick chart for NQ, price action is 🔑. Learn a select few indicators and the methods and strategies to use E-trade offers paper trading and they have no account minimum, you can literally open it with $10 if you like. They even offer a course that includes the exact pattern and stocks to trade which is as per the head of 20 Nothing compares to NinjaTrader's extensive ecosystem of custom indicators and development tools. com, Interactive Brokers or OANDA. Can't do custom VWAP graphs the way I want to on Trading View. To switch between tickers I add them to a watch list and use the tablet pen to scroll between them. When placing an order you might watch for a MA cross on the daily chart. Software can always be faster and that is something I criticize TWS about. There is an absolute "No Troll" policy - this is a place where traders can learn and help each other. Quantower is good with CQG data, and Ninja does its job, but many complain about bugs and the customer service, which often doesn't respond within a day. I have only had 3 times where Tradestation was lagging or went down for whatever reason whereas I have had dozens of times where TOS went down. This forum was created by professional traders and is run by professional traders. 95/month (when billed annually), TradingView Pro+ is the best charting subscription in 2024. 5%. Vastly more powerful for trading and indicators. At $25,000 it was $500. I use limit orders -- drag & drop stop loss / take profit. Must have settable start times. I basically just use the RSI to look for a divergence to predict a pullback or consolidation. Lastly if trading is affecting your life in a bad way, seek professional help (the wiki also covers dealing with emotions): Problem Gambling: Call/Text: 1-800-522-4700 or chat online now. At $1,500 account my risk per trade was $30. com, a trading forum run by professional traders. Perhaps to have the fastest/smoothest operation it would be better to go with a Windows based PC. This is just my own opinion Mexx_G. Who give a fuck. Source: When you want to analyse the 200 day MA switch to the DAY chart. Now, the exact entries it takes are based on if the 15-minute high/low immediately before the opening bell has been broken. my trading on one of my trading accounts became profitable when I changed from 5 min charts to 15 mins This is only works for days with a strong trend from the morning price action. Most of them performed bad compared to TradingView results. Discussion. I've been using a trading simulator called tradingsim. Ignore the vast majority of everything else, since it all will be derivative of price. Any trades you follow, or r/RealDayTrading is not like other trading subs on Reddit. On the left is my first Trading Chart, the right is my Trend Chart. txt to TradingView instead of use ToS. It can work no matter the mediator. I've never seen a price difference though, so I find that they're pretty reliable as a broker. Oanda offers Forex and CFD trading depending on the country. This morning tried to get bookmap going already knowing i was going to run into insufficient ram issue. Think of it like you've bought for a $1 and you have a sell order to sell at $2. There are cheaper platforms (SierraCharts) there are better DOM's (Jigsaw Daytradr), but NinjaTrader's advantage is the programming. For just $17. If you are a new trader then it is very important for you to understand that no indicator or oscillator is going to make you trade profitably immediately, so don’t go on a wild goose chase to find one that will. 06 1. I have used the platform for roughly 5 years and find that for what it is meant to do, it does do it exceptionally well. I was making decent money. When you see a good opportunity you could switch down to the hourly to pin point the best entry price. Their scanner is free and includes hundreds of different filter settings, and to top it off their free charts are also quite good. I've seen a couple of posts just recently on which brokers are most preferred. Quantconnects not bad. " I started day trading with no PDT rule. Use Tradingview which has a plugin for IBKR. • 3 yr. There you can trade almost everything in exchange-traded products on almost all relevant exchanges worldwide. If something on one template is important enough, I'll draw that info on the chart so that it'll be visible on the other template. It’s not the end of the world, but you gotta go in every couple of months and change the dates. Exposes liquidity left in the market across 4 styles of trading seperatly. MT5 is better for backtesting than MT4. I have good internet but I have TOS as well and it is not even comparable. This is a place traders go to learn how to be consistently profitable. The very best indicator is by far the up candles and down candles. It's also free, you just have to start an account with TDA. Overall though, ninjatrader is the better options for in and out trades and brokerage responsiveness. You can day trade on your phone if you want. Trading view is ideal though for keeping track of your trades and finding good mid/long term investments. Bro I need TradingView premium for back testing (for free 1day only) I want to backtest forex, crypto, gold but due to the market open whole day, I don't get much to backtest. Price Between: $12 - $5000. The best day trading software out there is DAS and it looks like garbage. Today I added a plot that shows a ticker's relative volume (rvol) compared to SPY's relative volume. --Nov 2022. I personally don't use "scanners" but if I had to, tradingview's is pretty great! Any tips or guides regarding charting or any topic will be greatly appreciated. There are countless indicators on Tradingview and most seem pretty poor, even the most highly rated ones are questionably successful or require a great deal of concentration to snip a few pips when the multiple lines and dots align, or don't, etc. Give the market about an hour tomorrow to forget about the Fed and then it will be time to go fully long. the squeeze. currency exchange fees, fees to enter trades, fees to withdraw money ECT. These tools are essential for identifying trends, assessing momentum, monitoring volatility, and gaining insights into market share. I see. Stocks, options, futures, bonds, currencies. The code doesn’t have a bias towards either event (Opening bell or news). Learn about markets online or by reading books and practice a lot. Hello, I'm looking into day trading platforms and tradingview seems like a good choice. . But all these looks old shit has zero to do with how well you trade so it a ridiculous thing to complain about as much as you are. Really my aim was to get one solid trade a day with it by riding either a large move in the morning, or some news event throughout the day. I started with them and moved on to Lightspeed once I figured out how to trade. They provide courses to learn how to effectively trade options and lower the percentage to lose while hyping the potential to earn. if __name__ == '__main__': . 200 DMA and rolling VWAP. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. •. This is incredibly useful to identify tickers that are breaking This is less important in forex, but when I was trading Stock, I would look through over a 100 charts per day on multiple timeframes and ToS is not built for that. I use TOS (TDA) for day trading - love the Active Trader tab and ability to see your purchases right on the chart and sale order "working" on the chart and ability to drag and drop and see your profit in real-time. And not the "Reddit Pros" or "YouTube" false gurus - but actual professionals that make their living through short-term trading ( Day 2: Data speed is lightning fast. Pre Market Change %: Under -3. Who gives a fuck how your trading software looks. Top 7 Indicators for Day Trading and Scalping on TradingView. Actually not just one but multiple brokers. Been paper trading for 2 years. With the Pro version, users can open a maximum of two charts per tab. Crisis Hotline (24/7): 1-800-273-TALK (8255) (Veterans, press 1) or Text “HOME” to 741-741. Feel like I’m getting somewhere finally. Most successful indicator. Headquartered in San Francisco, Reddit has grown to become one of the most influential online platforms, facilitating discussions on a wide range of topics through its network of communities, known as "subreddits. The user can save up to 5 chart layouts and use custom time intervals. It is a very strong framework. RSI basically shows the strength of the market. Wait for a pull back to VWAP. They are also a decent full service, no commissions broker to start trading with when you are ready. Gwailo27. My point isn't to diminish the importance of skills and information in trading either, but rather to acknowledge that even with all the right tools, the market has inherent uncertainties. I have just started using TV. There’s also Bollinger Bands thrown in there for good measure since I mostly swing trade and am looking for good entry points that may offer positive risk to reward. - SMAs that match the timeframe (tend to look a lot at Daily, 1hr, 15min, 5min, and then use the 1min when I'm opening or closing a position) 1 indicator with 4 SMAs - 9, 26, 50, 200. The chat room has actual professionals in it, the method taught is proven and tested, and the software contains excellent scanners. com it's pretty good and you can go back about 3 years and trade any day. I heard some of these programs don’t run well on a Mac. Some popular alternatives include Thinkorswim by TD Ameritrade, MetaTrader 4 (MT4), MetaTrader 5 (MT5), and StockCharts. g TOS, TradeStation, etc) But a couple really popular third party scanners used by the pros are "FinViz" , "Trade Ideas Pro". Simultaneous login to Client Portal / TWS / IBKR Mobile and TradingView with the same user name is also not possible. Just get premium. thinkorswim and tradingview id say only a handful of brokers allow connection to tradingview. 1 min: 20 ema. VWAP works well for staying on trend. The latest big crash was right when JPow started testifying a couple weeks ago. Depends what you’re trading and what market quotes you’re subscribed too and you’re trading strategies. This indicator is for price action traders so it's very detailed. In case you didn't know, both TWS and IBKR Mobile have Yes, indeed, TradingView works great for chart analysis. Order presets and advanced order types such as trailing orders aren’t supported either. Clutterless: Paste a tidy overview into your sheet where you can add to every single row the additional info you want, like why you entered, how convinced you felt and what mistakes you made to learn from. Now, my Trading Chart will switch from trending up to trending down all day long. from lightweight_charts import Chart. 3. As per title. Interactive Brokers is one of the world's best-known retail brokers when it comes to the widest possible range of products and international market coverage. most are NOT though Ok so ive been profitable on tablet (surface go pro) trading futures using TradingView paired with amp+cqg. However, tradingsim. qo uv gb ve pa ya wc zo ia zd