Supercharts Basics

Welcome to the Supercharts Basics page! Supercharts is TradingView’s advanced charting tool, designed to provide traders with an unparalleled combination of flexibility, power, and ease of use. Whether you’re new to charting or a seasoned trader, Supercharts equips you with essential tools and features to analyze markets, make informed decisions, and refine your strategies.

This guide will introduce you to everything from setting up your first chart to customizing layouts, adding technical indicators, and using drawing tools to mark up your analysis. Supercharts is intuitive enough for beginners to jump right in, yet robust enough to support advanced trading strategies, making it a valuable tool for traders of all skill levels. Dive in and discover how Supercharts can transform your approach to trading!

Table of Contents

1. Introduction to Supercharts
2. Getting Started with Supercharts
3. Customizing Your Chart Layout
4. Using Drawing and Annotation Tools
5. Setting Up Alerts and Notifications
6. Saving and Sharing Your Charts
7. Efficient Charting Tips and Shortcuts
8. Advanced Settings and Customization
9. Troubleshooting and FAQs
10. Conclusion and Next Steps

1. Getting Started with Supercharts

In the previous page you learned how to open Supercharts. In this section, let’s look at all the components of Superchaarts and how you can use them,

First, go to the top left corner of the chart to select your financial asset to load onto the chart. Here, you see the USDJPY pair.

When you click the asset search section, you see types of asset classes right underneath the search window. If you already know the exact ticker symbols for stocks or currnecy pairs, then you can directly enter that into the search window but otherwise it comes handly to look for an asset class first to filter out the unnecessary asset classes. Also TradingView uses data source from multiple data providers, make sure to check if you are selecting the one that you are interested in checking. For example, if you use USDJPY, you could be using the data from Oanda, FOREX.com, IBKR, FXCM etc. which is quite amazing and the benefit of using TradingView. But each market has a slightly different price movement therefore, you always want to make sure you are selecting the one you intend to load. When you click the asset search section, you see types of asset classes right underneath the search window. If you know the exact ticker symbols for stocks or currency pairs, you can directly enter that into the search window. Still, otherwise, looking for an asset class first to filter out the unnecessary asset classes is handy. Also, TradingView uses data sources from multiple data providers; make sure to check if you are selecting the one that you are interested in checking. For example, if you use USDJPY, you could use the data from Oanda, FOREX.com, IBKR, FXCM, etc., which is fantastic, as well as the benefit of using TradingView. However, each market has a slightly different price movement; therefore, you always want to make sure you are selecting the one you intend to load.

By the way, some of the real -data in TradingView need to be purchased through the platform. If you are using the free version, it’s likely you are seeing the data from other data aggregator like Cboe BZX which includes many U.S. stocks. However, real-time data from primary exchanges like the New York Stock Exchange (NYSE), operated by the Intercontinental Exchange (ICE), is not available for free users. Due to exchange regulations, access to real-time data from these primary exchanges requires a paid subscription. TradingView offers various data packages that users can purchase to obtain real-time data from exchanges like NYSE, NASDAQ, and NYSE Arca. See here for the types of subscriptions you may need.

Here is a one-sentence summary for how each chart type in TradingView can express price movement or sentiment and its unique use:

1. Bars: Bar charts display the open, high, low, and close prices, ideal for identifying price ranges and daily trading sentiment in a concise format.
2. Candles: Candlestick charts use color-coded candles to show open, high, low, and close prices, making it easy to spot market sentiment and trends at a glance.
3. Hollow Candles: Hollow candles highlight bullish or bearish sentiment based on candle fill, useful for spotting shifts in buying or selling momentum without color alone.
4. Line: Line charts connect closing prices, providing a clean view of price trends and direction over time, favored for simplicity in trend analysis.
5. Line with Markers: Similar to line charts but with markers on key points, helping traders identify precise price actions or significant moments within the trend.
6. Step Line: Step line charts show price movement in discrete steps, highlighting shifts in price without intermediate data points, good for analyzing price shifts over time.
7. Area: Area charts fill the space below the line, emphasizing direction and volume impact on price, useful for visualizing net movement over time.
8. HLC Area: High-low-close area charts present price range alongside closing levels, giving a broader context to price fluctuation within each period.
9. Baseline: Baseline charts emphasize gains and losses relative to a baseline, ideal for tracking performance changes against a set reference.
10. Columns: Column charts show each period’s open, high, low, and close prices as columns, useful for spotting intraday price patterns and reversals.
11. High-Low: High-low charts highlight daily price range without close price, useful for observing volatility without focusing on final closing price.
12. Volume Footprint: Volume footprint charts reveal traded volume at each price level, giving insight into price levels of significant buying or selling activity.
13. Time Price Opportunity (TPO): TPO charts show price and time spent at each price level, useful for market profiling and identifying fair value areas.
14. Session Volume Profile: Displays volume by price over specific sessions, helping traders see where the most trading activity occurs and identify support or resistance.
15. Heikin Ashi: Heikin Ashi charts average price movement, smoothing out noise to better identify overall trends, making it useful for trend-following strategies.
16. Renko: Renko charts filter out minor price fluctuations, showing only significant movements to highlight trend direction and reversals clearly.
17. Point-and-Figure: Point-and-figure charts disregard time, focusing only on price movements to reveal patterns, breakouts, and support/resistance levels.
18. Line Break: Line break charts focus on price changes over time, useful for identifying shifts in trend by filtering out small fluctuations.
19. Kagi: Kagi charts change direction based on price reversal, showing support/resistance levels and shifts in demand/supply, aiding in trend analysis.

Each of these chart types offers unique insights into price action, helping traders interpret price movement and sentiment based on their specific strategy needs.

• Opening a Chart: Learn how to open a chart for your chosen asset, whether it’s stocks, forex, crypto, or commodities. You’ll be guided on setting up a basic chart and finding your way around the main charting features.

• Chart Types: Understand the different chart types available—candlestick, line, bar, and area—and how to select the one that best suits your analysis style.

2. Customizing Your Chart Layout

• Adjusting Timeframes: Supercharts supports custom timeframes, from seconds to monthly views. Learn how to select timeframes that match your trading strategy, whether you’re a day trader or long-term investor.
• Indicators and Overlays: Discover how to add, layer, and customize technical indicators like Moving Averages, RSI, and MACD to enhance your analysis.
• Color and Style Customization: Personalize the appearance of your chart with color schemes, grid options, and more, allowing you to create a layout that’s easy on the eyes and tailored to your preferences.

3. Drawing and Annotation Tools

• Trendlines and Support/Resistance Lines: Master the basics of drawing trendlines and marking key support and resistance levels on your chart.
• Advanced Drawing Tools: Explore Fibonacci retracement, channels, and other tools to help you analyze price movements and identify potential entry and exit points.
• Adding Annotations: Learn how to add notes directly on your chart for quick reference, helping you remember analysis points, trading ideas, or important levels.

4. Setting Up Alerts and Notifications

• Creating Basic Alerts: Set up alerts on price levels, indicators, or custom conditions so you never miss a key market movement.
• Managing Alerts: Understand how to modify, pause, or delete alerts, keeping your notifications relevant and efficient.

5. Saving and Sharing Charts

• Saving Layouts: Create and save custom layouts so you can quickly access your favorite settings and chart configurations.
• Sharing with the Community: Publish your charts to share ideas and analysis with TradingView’s community, or keep them private for your own reference.

6. Tips for Using Supercharts Efficiently

Templates and Settings: Save your favorite chart settings as templates to reuse on different assets or share with others.

Keyboard Shortcuts: Use quick keys to streamline your charting, like toggling between timeframes or adding indicators with ease.