How to use TradingView charts

TradingView combines market charts, technical-analysis tools, alerts, news and a large user community. Eightcap’s current TradingView integration provides access to more than 15 chart types, dozens of drawing tools and over 100,000 community-built indicators. Advanced users can also create tools with Pine Script.

TradingView is the charting and order-entry layer. Eightcap provides your eligible trading account, instruments and execution. You can start charting on TradingView’s free plan, while paid plans raise limits and add features. Data and broker functions can vary, so check the current terms.

1. Create an account with Eightcap and select TradingView as your preferred platform.
2. Set up a TradingView account to access charting tools and community features.
3. Link your trading account through TradingView’s Trading Panel to start trading.

You can learn the chart without placing a live trade. Eightcap offers a free demo account so you can practice trading with virtual funds.

A simple chart layout makes it easier to see the price before you add analysis. If the chart feels crowded, hide panels you do not need and use full-screen mode.

Symbol Search

Found near the top left, this is where you choose the market shown on the chart.

Top toolbar

Use it to change the timeframe and chart type, add indicators, create alerts and adjust the layout.

Left toolbar

This holds trend lines, horizontal levels, Fibonacci tools, measurement tools and annotations.

Right and bottom panels

View watchlists, alerts, news and market details, then access the Trading Panel, Pine Editor and strategy tools.

Price runs vertically along the right axis and time runs horizontally along the bottom. On a candlestick chart, each candle summarises four values for one interval: the open, high, low and close. The body shows the distance between the open and close, while the wicks show the highest and lowest prices reached.

A rising candle usually means the close was above the open; a falling candle means the close was below it. Colours are customisable, so do not assume green and red unless you have checked the chart settings.

How to check the closing value in TradingView

Move your cursor over the candle you want to inspect. Its open, high, low and close values appear in the chart legend or status line, depending on your layout. The value marked C is that candle’s close. For the latest completed daily close, select the one-day timeframe and inspect the most recent fully closed candle, not the candle still forming.

Choose a chart type

Open the chart-type menu in the top toolbar. Candlesticks are a practical starting point because they show the open, high, low and close for every interval. Line charts can help you see the broad direction with less detail, while bars, Heikin Ashi and other chart types use different calculations or displays. Make sure you understand what a chart represents before trading from it.

Choose a timeframe

The timeframe controls how much time each candle represents. Short intervals show more detail and noise; longer intervals make broad trends easier to see. Match the timeframe to your expected holding period and check a higher timeframe for context.

Drawing tools help you mark an observation without changing the market data. Start with a horizontal line for a price level and a trend line for a sequence of rising lows or falling highs. Fibonacci retracement is also available, but it should not be treated as a prediction on its own.

To draw a trend line, select Trend Line from the left toolbar, click the first point, then click the second. Drag either anchor to adjust it. Lock the drawing if you want to avoid moving it accidentally, and delete old lines that no longer support your analysis.

Select Indicators in the top toolbar, search for a tool, then click it to add it to the chart. TradingView includes built-in indicators and a large public library of community scripts. Review the script description and understand its calculation before relying on a community tool.

A moving average can smooth price to make trend direction easier to see. The Relative Strength Index, or RSI, measures recent momentum on a scale, but an overbought or oversold reading is not a trade signal by itself. Start with one or two indicators. Adding several tools that measure similar information can create clutter without adding confirmation.

Create an alert from the Alert button, by right-clicking the chart or from a drawing or indicator menu. Choose the condition, expiry and notification method, then write a message that explains why the alert matters. Alerts can monitor price, indicators, strategies and some drawings. For a fuller walkthrough, use our dedicated price alerts guide.

An alert tells you that a condition has been met. It does not confirm that a trade is appropriate, and it does not place an order unless you have deliberately set up a supported automation outside this basic workflow.

Save your chart layout after choosing the symbols, drawings and indicators you want to keep. Give layouts clear names, especially if you analyse the same market in different ways. Use the right-side watchlist to group the forex pairs, indices or other markets you can trade, then select a symbol to move between charts quickly.

Once an eligible account is linked, open the Trading Panel and sign in to Eightcap. Select an Eightcap-supported symbol, choose the order type and size, review any stop-loss or take-profit settings, then submit and manage the position from the chart.

Check the symbol source carefully. Only the broker-listed version is tradable through that connection, and order features may vary by account. 

1. Start with a clean candlestick chart and learn the symbol, price and time axes before adding tools.
2. Use one or two indicators and a small number of meaningful levels. More chart objects do not automatically mean better analysis.
3. Check whether the latest candle has closed before treating its shape or indicator value as final.
4. Practise placing, changing and closing orders with virtual funds. Build your knowledge with the Trader Toolkit.
5. If currency pairs are new to you, first learn how the forex market works.
6. Remember that charts describe price behaviour. They cannot remove uncertainty or guarantee a future move.