The Benefits of Using TradingView Pro
When it comes to trading, many people have probably heard about TradingView. While the platform is one of, if not the best in the world, many people don’t realize just how powerful the Pro version of the platform really is.
Whether you have used Trading view before or not, here are some of the benefits of upgrading to the Pro package.
To make trading decisions that are logical and informed, you need to have the correct information at your fingertips. The Pro platform offers users up to 8 different charts that can be arranged in a way that increases productivity and gives them all the info they need in one tab.
Even if you just have one monitor, you can get the benefits of multiple charts; however, if you do have more than one monitor, the platform is designed to support multiple monitor use.
Helpful Customer Service
TradingView has an extensive library of helpful links and a very efficient customer service platform to help you with any problems you may encounter while using the service. If you use the paid option of the platform, you will also receive preferential service from the customer support team.
The difference between a great and a terrible trade can sometimes be only a few seconds. Prices move up and down so much it is hard to keep track, and this is made more complicated if you don’t see the data quickly enough.
TradingView Pro gives you almost instant data return, allowing you to trade in real-time with no risk of missing out on any changes you may want to cash in on.
What happened yesterday is equally as important as what will happen tomorrow in the trading world. Historical data gives incredibly valuable insight into how an asset performed at a particular time or during a specific event.
Not to mention that historical data is one of the keys needed to find and track trends; if you find a trend that no one else notices, it could be life-changing.
Custom Time Intervals
Trades that require specific timing go hand-in-hand with a platform that can provide a wide variety of customizable time intervals. On TradingView, you can set intervals that are a second long, 4 hours long, or even three months long.
Another necessity in the trading game is alerts. They are the things that tell you when to make a trade, when a price goes up or down, and when to sell; in short, alerts are an integral part of your decision-making.
With a paid TradingView plan, you can have over 20 alerts simultaneously, with the Premium option offering 400.
The number of indicators you will use and need will depend on the type of trading strategy you use. However, even if you are using the free version of the platform, you will still have access to over 100 free indicators, but you are only allowed three on-chart indicators at a time.
If you are using the Pro version of the platform, you can have five indicators on a chart, Pro+ allows for 10, and Premium users can have 25 indicators on a chart at once.
Saved Chart Layouts
Being able to save and store your charts can be a massive benefit in the long run; it allows you to create and build your ideal chart layout. Pro, Pro+, and Premium users can save multiple charts, meaning they can make a more holistic trading setup.
This also means they can have access to multiple charts depending on the strategy, scenario, or type of trade they want to do.
Drawing tools may seem unnecessary, but they will help you keep track of essential data and patterns on your charts. With over 90 drawing tools available, you can track everything from lines and trends to simply marking specific points on your graphs.
These tools are an effective way to make notes and keep track of changes without having to write them down or keep notes of them somewhere else. Simply draw on your chart and then move on to the next thing.