Education: Using Indicators and Tools on TradingView

Many beginners genuinely believe that indicators are some kind of universal cure-all. Piling RSI, MACD, and a few moving averages onto the chart, waiting for a million-dollar signal—this is basically a straight path to liquidation. Indicators are just mathematical derivatives of price. Today, we’ll break down the basic mechanisms and tools on the TradingView platform (see screenshot).

How to correctly use the platform:

1. Open the technical indicators (Screenshot 2):
At the top panel of the chart, there is a button with an icon indicating indicators (red arrow pointing to it). This is the gateway to a vast library of built-in and custom scripts.

2. Read the theoretical explanation first (Screenshot 1):
This is the most important step! In the indicator search menu, each name has a gray question mark icon ?. Don’t add this tool to your chart until you understand its explanation. TradingView’s built-in help documentation is excellent. You must understand the mathematical logic behind each line; otherwise, you’re trading blindly.

3. Filter settings (Screenshot 3):
If you’re trading stocks or want to filter coins based on strict parameters, use the filter. Click the plus sign + in the upper right corner of the list panel to open the menu for adding filter conditions. From pure technical indicators to fundamental data, valuation, dividends—everything is available. Automate the asset search process and don’t waste time manually sifting through junk.

4. Fundamental indicators (Screenshot 4):
For more in-depth medium-term analysis, you can display fundamental indicators directly on the chart. Use the + add button in the “Indicators” section, for example, overlay the company’s total revenue to visually compare its relationship with the price trend.

Core principles:
Price itself and trading volume are always the top priority! Any indicator is inherently lagging behind the price. Treat them only as additional confirmation signals for your trading decisions, not as blindly shouting “Buy/Sell” buttons.

Keep this core knowledge well, study the tools thoroughly, and stay calm when trading!