We released Volume Profile aka Volume at Price indicator. Active traders know that paying attention to volume can make the crucial difference in understanding how the market will move.

Key Benefits:

  • Know supply & demand changes over time
  • See volume activity at the highest point (POC)
  • Anticipate price changes with volume distribution analysis

The Volume Profile can be used in three ways:

Session View: For intraday analysis, see the volume profile for a specific trading session. Automatic calculation — no need to select a specific range.

Fixed Range: Need a specific time horizon? No problem. The fixed range feature shows the Volume Profile across a defined (or fixed) period of time.

Visible Range View: Looking for a larger date range? With the visible range feature, you can see the Volume Profile across an entire date range (i.e. 1 year, 5 year, etc.)

TRY OUR VOLUME PROFILE TODAY FOR ONLY $7/M

 vppp

 

We released Historical Volatility (HV) indicator and several new drawing tools including Head and Shoulders.

Definition of ‘Historical Volatility – HV’

The realized volatility of a financial instrument over a given time period. Generally, this measure is calculated by determining the average deviation from the average price of a financial instrument in the given time period. Standard deviation is the most common but not the only way to calculate historical volatility.

 

Head and Shoulders

The head-and-shoulders pattern is one of the most popular and reliable chart patterns in technical analysis. And as one might imagine from the name, the pattern looks like a head with two shoulders.

Head and shoulders is a reversal pattern that, when formed, signals the security is likely to move against the previous trend. There are two versions of the head-and-shoulders pattern. The head-and-shoulders top is a signal that a security’s price is set to fall, once the pattern is complete, and is usually formed at the peak of an upward trend. The second version, the head-and-shoulders bottom (also known as inverse head and shoulders), signals that a security’s price is set to rise and usually forms during a downward trend.

We released several new drawing types that you can use on your charts. We hope this will make TradingView even more useful and your experience more enjoyable.

The AB=CD Pattern
The AB=CD pattern is a price structure where each price leg is equivalent. The Fibonacci numbers in the pattern must occur at specific points. In an ideal AB=CD, the C point must retrace to either a 0.618 or 0.786. This retracement sets up the BC projection that should converge at the completion of the AB=CD and be either a 1.27 or 1.618. It is important to note that a .618 retracement at the C point will result in a 1.618 BC projection. A .786 retracement at the C point will result in a 1.27 projection. The most important consideration to remember is that the BC projection should converge closely with the completion of the AB=CD.

The Gartley Pattern
The Gartley pattern was outlined by H.M. Gartley in his book Profits in the Stock Market, published in 1935. Although the pattern is named “The Gartley,” the book did not discuss specific Fibonacci retracements! It was not until “The Harmonic Trader” was released that the specific retracements of the B point at a .618 and the D point at a .786 were assigned to the pattern. There are others who have assigned Fibonacci retracements to this framework. However, they use a variety of Fibonacci numbers at the B and D points. Despite these variations, the Fibonacci retracements that yield the most reliable reversals are the .618 at the B point and the .786 at the D point. Furthermore, the pattern should possess a distinct AB=CD pattern that converges in the same area as the 0.786 XA retracement and the BC projection (either 1.27 or 1.618). The most critical aspect of the Gartley is the B point retracement, which must be at a 0.618 of the XA leg.

The Crab Pattern
The Crab is a Harmonic pattern discovered by Scott Carney in 2001. The critical aspect of this pattern is the tight Potential Reversal Zone created by the 1.618 of the XA leg and an extreme (2.24, 2.618, 3.14, 3.618) projection of the BC leg but employs an 0.886 retracement at the B point unlike the regular version that utilizes a 0.382-0.618 at the mid-point. The pattern requires a very small stop loss and usually volatile price action in the Potential Reversal Zone.

The Bat Pattern
The Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2001. The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD pattern within the Bat is extended and usually requires a 1.27AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.

The Butterfly Pattern
The general extension structure of the Butterfly pattern was discovered by Bryce Gilmore. However, the exact alignment of ratios was defined in Scott Carney’s 1998 book, “The Harmonic Trader.” This has become the industry standard for the structure. Scott’s ideal Butterfly Pattern requires specific Fibonacci ratios to validate the structure. These measurements include a mandatory 0.786 retracement of the XA leg at the B point, which defines a more precise Potential Reversal Zone (PRZ) and more significant trading opportunities. Also, the Butterfly pattern must include an AB=CD pattern to be a valid signal. Frequently, the AB=CD pattern will possess an extended CD leg that is 1.27 or 1.618 of the AB leg. Although this is an important requirement for a valid trade signal, the most critical number in the pattern is the 1.27 XA leg. The XA calculation is usually complemented by an extreme (2.00, 2.24, 2.618) BC projection. These numbers create a specific Potential Reversal Zone (PRZ) that can yield powerful reversals, especially when the pattern is in all-time (new highs/new lows) price levels.

Bitcoin developer Amir Taaki

Short answer is – because there is potential for HUGE returns. 

Fred Wilson and Union Square Ventures, for instance, lent some legitimacy to the market with their investment in Bitcoin exchange Coinbase. Lightspeed Ventures’ Jeremy Liew has made a few investments in the space and is looking for more. And SecondMarket founder and CEO Barry Silbert launched his own Bitcoin Opportunity Fund. So it’s not really a bad time to get into Bitcoin investment.

Links to relevant stories:

http://techcrunch.com/2013/05/14/liberty-city-ventures-digital-currency-fund

http://techcrunch.com/2013/06/19/30-days-in-bitcoin-angel-group-bitangels-doubles-network-to-120-puts-first-100k-into-seasteading-venture-blueseed/

Like Bitcoin itself (or not, depending on the day), the angel network and incubator is growing like crazy. One month removed from launch, BitAngels has doubled its number of investors to 120 and has added nearly $10 million in capital to its reserves, bringing its total to just under $18 million.

Links to relevant stories:

 http://techcrunch.com/2013/05/27/60-investors-band-together-to-form-bitangels-the-first-multi-city-angel-network-incubator-for-bitcoin-startups/

Here are the main features that we added recently:

 

INTRADAY SPREAD CHARTS

We made something that no one has made in online charts to date (as far as we know). Now you can build any spread chart by simply typing your formula in the Symbol Edit field using parentheses or multiple operators (+-*/). In addition to using multiple symbols in a spread, you can also use numerical constants such as MSFT + 50.

Spreads for intraday charts are calculated by taking the Open, High, Low, and Close of each 1-minute bar and then recompiled into the selected interval. This approach is the only one that results in correct spread charts. We handle all necessary calculations on our servers and display the finished spread chart in your browser. Welcome to the new era of online charting!

To enter a spread in TradingView, enter the first symbol and follow it with a space; next enter an operator (-)  for subtraction (+)  for addition (*)  for multiplication and (/) for division; then another space and then the next symbol.

Here are few examples:

1/USDCHF or chart inversions helpful when you want to chart the correlation between the EURUSD and the USDCHF for example. In this case you want to flip the USDCHF chart. Or VIX and S&P500 comparison: if flip one of them, it will be visually.

AAPL/EURUSD or AAPL*USDRUB allows you to the the stock price in other currency

AAPL/XAUUSD - Apple vs Gold

BATS:AAPL-NASDAQ:AAPL arbitrage between BATS and NASDAQ exchanges

BTCUSD-BTCEUR*EURUSD bitcoin arbitrage

FEU/XLB - pair trading example

spreadsss

 

 

S&P AND RUSSELL INDEXES ADDED

Standard and Poor’s 500 (SPX) is one of the most popular indexes in the world for traders to watch. The S&P 500 index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. Standard and Poor’s also has a list of other useful indexes that you can research, i.e. S&P Midcap 400 (IDX). S&P 100 (OEX), and S&P Europe 350 (SEUD). There are literally hundreds of these, just search for “SnP” on your chart, and choose “Index” tab.

The broad-market U.S. index is the Russell 3000 Index (RUA), which is divided into several sub-indexes, including the small-cap Russell 2000 Index (IUX). The Russell Indexes are a family of global equity indices that allow investors to track the performance of distinct market segments worldwide. Many investors use mutual funds or exchange-traded funds based on the Russell Indexes as a way of gaining exposure to certain portions of the U.S. stock market. Additionally, many investment managers use the Russell Indexes as benchmarks to measure their own performance. There are literally hundreds of these, just search for “RUSSELL” on your chart, and choose “Index” tab.

 

BITCOIN

Bitcoin is an experimental, decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.

Bitcoins have an exchange rate with other currencies, i.e. Bitcoin/US Dollar (BTCUSD) and Bitcoin/Euro (BTCEUR), which you can now track in real-time on TradingView!

We currently support pairs for bitcoin with the following currencies – USD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, HKD, JPY, NZD, PLN, RUB, SEK, SGD, THB, NOK, CZK. Just search for “Bitcoin” on your chart, and choose the “Bitcoin” tab.

 

NEW INDICATORS

Awesome Oscillator

Choppiness Index

Connor’s RSI

Double EMA

Know Sure Thing

Relative Vigor Index

Relative Volatility Index

Triple EMA

Price Volume Trend

VWMA

VWAP was changed

 

AlgoviewEssential – NEW ADDON PACKAGE

The Algoview Essential package contains classical and widely used trading indicators. The majority of these indicators are “price action” oriented, with a candlestick patterns finder, a powerful range patterns indicator (to easily find NR4/NR7 patterns for example), and the popular ThrustBars. The other indicators are also very popular, with the MACDBB which helps to get a better picture than a simple MACD, and the famous SuperTrend, which is an excellent tool to manage trailing stops. Six additional indicators will be added later in this package. Trading is not easy, and nothing is black or white, but with these tools you will have a clearer view of what’s happening on a market, it’s up to you to use it in your favor! Visit PRO page to learn more.

Here’s a story: you are looking at Apple chart and you want to know what other people thought. To see best Apple ideas click the Lightbulb Idea icon in the top toolbar. You’ll see Red, Yellow and Green dots appear on your chart – these are ideas published by other users for that day.

ids

Red dot means it was a Short/Bear Idea (person thought it’s going down), Yellow dot means a Neutral Idea and Green dot means it’s a Long/Bull Idea (author thought it was going up). Click any dot and the idea pops up!

On the idea you can do multiple things – click Play to see how it played out, Like the idea, leave a Comment with feedback, and Scroll to nearby ideas left and right. This feature will show only ideas Suggested by TradingView, so you are seeing best of the best.

iot

We made something that no one has made in online charts to date (as far as we know). Now you can build any spread chart by simply typing your formula in the Symbol Edit field using parentheses or multiple operators (+-*/). In addition to using multiple symbols in a spread, you can also use numerical constants such as MSFT + 50.

Spreads for intraday charts are calculated by taking the Open, High, Low, and Close of each 1-minute bar and then recompiled into the selected interval. This approach is the only one that results in correct spread charts. We handle all necessary calculations on our servers and display the finished spread chart in your browser. Welcome to the new era of online charting!

To enter a spread in TradingView, enter the first symbol and follow it with a space; next enter an operator (-)  for subtraction (+)  for addition (*)  for multiplication and (/) for division; then another space and then the next symbol.

Here are few examples:

1/USDCHF or chart inversions helpful when you want to chart the correlation between the EURUSD and the USDCHF for example. In this case you want to flip the USDCHF chart. Or VIX and S&P500 comparison: if flip one of them, it will be visually.

AAPL/EURUSD or AAPL*USDRUB allows you to the the stock price in other currency

AAPL/XAUUSD – Apple vs Gold

BATS:AAPL-NASDAQ:AAPL arbitrage between BATS and NASDAQ exchanges

BTCUSD-BTCEUR*EURUSD bitcoin arbitrage

FEU/XLBpair trading example

spreadsss

As part of the TechStars Chicago program TradingView is really excited to work IDEO, one of the top design and innovation consulting firms in the world. IDEO was recently featured in “60 minutes” (IDEO founder was friends with Steve Jobs and they designed the first Mac mouse) and does projects like Windows 8 Packaging Design, Brand Awareness for Samsung and (my personal favorite) a family- and patient-centered experience design for Nemours Children’s Hospital. You can look at their full list of projects here.

IDEO is generously donating time of their experts to help TradingView design a truly world-class user experience throughout the next three months. They believed in TradingView and our vision, and they also believed they can make it even better with their expertise. Looking forward to working alongside the super-experienced IDEO team of process, UX and UI designers and learning from the best!

While a startup could never afford their normal fees, it’s just so great that they reach out to young companies that have world-changing potential and help them spread their wings (and TradingView is one of them!). Well done IDEO! Way to go!

As with any community, users is what truly makes TradingView and everything happen. This site wouldn’t be possible if it wasn’t for you guys!

 As a note – TradingView was recently accepted into the #1 startup accelerator in the country, TechStars Chicago. They believed in our vision and are doing everything right now to help TradingView grow into something large, unique and awesome. We are in Chicago and working with mentors and investors on correctly formulating our value proposition, define our target audience, and decide which features we need to build first.

The best thought we’ve had is – why not ask our users directly what they want, and what they think? For you it’s a chance to get involved with the business and see your wishes come true on TradingView.

Keep in mind, just listing every feature you want isn’t really helpful – we’d like to build them all too, and today if possible. But we are constrained by resources (time and money available), so we need to prioritize, and with good reason. Our main goal is to build a large community, increase user engagement, and revolutionize the way people think about trading. What do you think can help with that?

We’ll be in Chicago until at least August 28th, which is when we’ll have our DemoDay at the House of Blues. If some of you are near here – email me and I’d love to chat/meet and talk about TradingView.

Please email me at sbokov@tradingview.com and we can start talking. Thanks again for making TradingView possible!

- Stan Bokov

COO, Co-Founder

TradingView

Bitcoin is an experimental, decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.

Bitcoins have an exchange rate with other currencies, i.e. Bitcoin/US Dollar (BTCUSD) and Bitcoin/Euro (BTCEUR), which you can now track in real-time on TradingView!

We currently support pairs for bitcoin with the following currencies – USD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, HKD, JPY, NZD, PLN, RUB, SEK, SGD, THB, NOK, CZK. Just search for “Bitcoin” on your chart, and choose the “Bitcoin” tab.

At TradingView, we are building products that help you make better trading decisions. If you’re interested in joining us, check out these opportunities:

  • Javascript/HTML5 developer
  • Erlang/Java developer
  • Tester/QA

We are super excited to announce that TradingView was accepted as one of the 10 participants in the TechStars Chicago accelerator program this summer! This means we’ll be going down to Chicago to meet great new folks, hone up our offering and get some investors for our projects!

Let us know if you’d like to meet us in Chicago this summer.

Stan Bokov
sbokov@multicharts.com
1-614-569-0345

For those of you that don’t know, TechStars Chicago, formerly Excelerate Labs, had over 900 applicants from 6 continents making it the most competitive class the program has seen. TechStars Chicago portfolio companies enter into an intensive three-month summer program, followed by Demo Day, an annual August event that allows companies to showcase their products by pitching to more than 500 investors from across the country.

Acceptance rate for TechStars Chicago was just 1.1% (10 companies out of 904 applications), which is even tougher than major Ivy League schools.

At part of the program, TradingView receives $18K in seed funding and also has the option of a $100K convertible debt note. But more importantly they will have the opportunity to work with over 150 mentors that include Match.com CEO Sam Yagan, GrubHub cofounder Mike Evans, and Foundry Group cofounder Brad Feld. Last year’s class had over 600 one-on-one meetings with the mentors in the month of June alone.

TechStars Chicago Demo Day will take place at the House of Blues on August 28th.

Here are the main features that we added recently:

HotLists
Pre-built hot lists continuously scan the US stock market to identify best trading opportunities. HotLists dynamically show different symbols based on the criteria selected. Not to be confused with watchlists that always show only the symbols you chose to monitor.

hlist

Follow symbols
Now you can follow symbols just like you follow other users. You can follow all symbols that interest you and receive real-time and email alerts when a new idea is posted.

fsym

Bar Pattern drawing tool
New drawing tool that is unique to TradingView. It copies your price bars, creates a drawing out of them and lets you drag it around the chart. You can, for example, compare recent price movements to past or future moves.

HLC Bars
Added a new type of chart called High-Low-Close bars.

HotKeys for Watchlist
You can now use your keyboard to switch between symbols in the watchlist. Space, Shift+Space and up/down arrows are supported keys.

 

Did you know that you can add multiple symbols as overlays (one on top of another), or in different sub charts (stacking)?

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Price-based charts get their name because they take into account only price movements and ignore time and volume.
Point and Figure

This chart type only plots price movements, without taking time into consideration. A column of X’s is plotted as the price rises—and O’s as the price drops.

If you hold SHIFT while drawing a line, it will draw at a perfect 45 degree angle. This is especially useful when working with Point & Figure charts.
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Renko

This chart type only plots price movements, without taking time or volume into consideration. It is constructed from ticks and looks like bricks stacked in adjacent columns. A new brick is drawn after the price passes the top or bottom of previously predefined amount.

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Kagi

This chart type looks like a continuous line that changes directions and switches from thin to bold. The direction changes when the price changes beyond a predefined amount, and the line switches between thin and bold if the last change bypassed the last horizontal line.

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3 Line break

This chart type only plots price movements, without taking time or volume into consideration. This chart type displays a series of vertical boxes that are based on price changes.
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Heiken-Ashi

Heiken-Ashi means “average bar” in Japanese. Open, High, Low and Close prices of HA candlesticks are not actual prices, they are results from avergaing values of the previous bar, which helps eliminate random volatility.
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TradingView MarketPlace allows third party developers to integrate their trading product to TradingView. DecisionBar are independent, unaffiliated studies, which are not part of TradingView subscriptions – these are separate tools that you buy if you want. Description, algorithm, support and prices are all determined by the author.

DecisionBar Trading Software is based on the concept that market movement is psychological in nature and is driven by supply and demand, support and resistance, and momentum and exhaustion.

Since a price chart is graphical representation of just two variables, price and time, DecisionBar attempts to clarify what those two variable are telling you, as opposed to obscuring that information with complex mathematical formulas. DecisionBar works by keeping track of what the market you are trading has done in the past, and then alerting you when trading opportunities based on that movement occur in real-time.

DecisionBar can be adjusted to limit signals and whipsaws in volatile markets, alert you to trend changes in trending markets, as well as to give frequent signals for traders who use a “scalping” style of trading.

DecisionBar includes a BiasBar and Risk Oscillator to help you determine if a signaled trade is in sync with the market, and a Trailing Stop Module, based on Average True Range, to help you manage you trades as well as lock in profits.

The Trailing Stop Module can be set to tighten your stops when a preset profit threshold is reached, as well as adjust dynamically to changes in volatility, tightening your stops quicker if volatility decreases, and slower if volatility increases.

DecisionBar can be used on Bar and Candlestick charts and well as Renko and Heiken-Ashi charts. DecisionBar does not work on Point and Figure and Kagi charts. Please see the example of DecisionBar applied to TradingView charts below. The meaning of each signal is explained in the DecisionBar Trading Manual, but for the purposes of this discussion, all you have to know is that Green signals are Buy signals and Red signals are Sell signals. (Note: If you sign-up for DecisionBar for TradingView you will receive the DecisionBar Trading Manual via immediate download.)

For more info please visit the DecisionBar website at: http://www.DecisionBarTrading.com

The chart above shows DecisionBar
applied to a Candlestick chart in TradingView
.

 

The chart above shows DecisionBar applied to a Renko chart in
TradingView
.

The chart above shows DecisionBar applied to a Heiken-Ashi chart in
TradingView.

If the blog where you want to post forbids use of IFRAME then you need to contact the blog administrator and ask to add IFRAME Plugn. To learn more about how to do it with the WordPress blog engine follow this link.

 

NEW FOREX SYMBOLS:
EURNOK:Euro/Norwegian Krone
EURPLN:Euro/Polish Zloty
USDPLN:USD/Polish Zloty
EURCZK:Euro/Czech Republic Koruna
USDCZK:USD/Czech Republic Koruna
EURDKK:Euro/Danish Krone
GBPSEK:British Pound/Swedish Krona
CHFSEK:Swiss Franc/Swedish Krona
CHFNOK:Swiss Franc/Norwegian Krone
USDRUB:USD/Russian Ruble
USDHUF:USD/Hungarian Forint
EURHUF:EuroHungarian Forint
USDILS:USD/Israeli Sheqel

New Metals:
XAGUSD: Silver/USD
XPDUSD: Palladium/USD
XPTUSD: Platinum/USD