Are you a trader looking to optimize your TradingView charts for better analysis and decision-making? You're not alone. Many traders turn to Reddit for insights on the best TradingView chart settings. In this comprehensive guide, we'll delve into the most popular and effective TradingView chart settings discussed on Reddit, helping you to create powerful, customized charts that suit your trading style.

reading a trading chart
reading a trading chart

Before we dive into the specifics, let's briefly understand why customizing your TradingView charts is crucial. TradingView offers a vast array of tools and indicators, but the default settings might not cater to your unique trading approach. By tweaking these settings, you can enhance the readability and relevance of your charts, ultimately improving your trading performance.

trading view chart with the text, how to trade options for beginners
trading view chart with the text, how to trade options for beginners

Understanding TradingView Chart Types

Before adjusting settings, it's essential to understand the different chart types available on TradingView. The three primary chart types are candlestick, bar, and line charts. Each has its strengths and is suitable for different trading styles:

RSI cheat sheet
RSI cheat sheet
  • Candlestick Charts: Ideal for technical analysis, as they provide detailed price action information.
  • Bar Charts: Similar to candlestick charts, but with simpler visuals, making them great for beginners.
  • Line Charts: Best for identifying trends over extended periods, as they smooth out price fluctuations.

Candlestick Chart Settings

trading chart pattren
trading chart pattren

Candlestick charts are a favorite among Reddit traders. Here are some popular settings discussed on the platform:

Body Width: A common recommendation is to set the body width to 60% or 70% for better visibility of wicks (shadows).

Bar and Line Chart Settings

Stock Market Graphs
Stock Market Graphs

While less popular than candlestick charts, bar and line charts have their uses. Here are some recommended settings:

Bar/Line Chart Style: Experiment with different styles, such as 'Mountain' or 'Hollow Candles', to find what works best for you.

Customizing Indicators

best trading Entries
best trading Entries

Indicators are essential tools for traders, and customizing them can significantly improve your chart's readability. Here are some popular indicator tweaks discussed on Reddit:

Moving Averages

a poster showing the different types of trading
a poster showing the different types of trading
an image of a table that has some words in the top right corner and bottom left corner
an image of a table that has some words in the top right corner and bottom left corner
the forex trading terms displayed on a black background with green and blue numbers
the forex trading terms displayed on a black background with green and blue numbers
Master These Powerful Trading Chart Patterns 📈
Master These Powerful Trading Chart Patterns 📈
a handwritten chart showing how to use the forereator system for trading options
a handwritten chart showing how to use the forereator system for trading options
a diagram with the words trading strategy written on it
a diagram with the words trading strategy written on it
High Probability Trade Setups Explained in Hindi | Best Trading Setups for Beginners | Day 18 📈
High Probability Trade Setups Explained in Hindi | Best Trading Setups for Beginners | Day 18 📈
the different types of candles and candles in fore - market trading chart, as well as an ascending wedge pattern
the different types of candles and candles in fore - market trading chart, as well as an ascending wedge pattern
two diagrams showing how to trade with good and bad setups in fore - market
two diagrams showing how to trade with good and bad setups in fore - market
How to Read Trading Charts Like a Pro | Beginner Chart Guide 📊
How to Read Trading Charts Like a Pro | Beginner Chart Guide 📊
“Master the Market 📉 | Powerful Candlestick Patterns Every Trader Must Know” 💸
“Master the Market 📉 | Powerful Candlestick Patterns Every Trader Must Know” 💸
a list of different types of computer equipment
a list of different types of computer equipment
Trend 2
Trend 2
Supply and demand chart patterns
Supply and demand chart patterns
an image of options to trade
an image of options to trade
the forex options for trading hours are shown in red, green and blue colors
the forex options for trading hours are shown in red, green and blue colors
trading 101
trading 101
an image of a trading chart with candles and numbers on the bottom, below it
an image of a trading chart with candles and numbers on the bottom, below it

Moving averages are a staple among traders. To make them more useful, consider the following:

Period: Experiment with different periods (e.g., 200, 50, 20) to find the best fit for your strategy.

Relative Strength Index (RSI)

The RSI is another popular indicator. To customize it, consider the following:

Level: Many traders adjust the default levels (30, 70) to better suit their strategies.

Additional Tips from Reddit Traders

Beyond specific settings, Reddit traders share various tips for optimizing your TradingView charts:

Use Multiple Timeframes

Analyze different timeframes to gain a broader perspective on price action and identify trends.

Keep it Simple

Avoid cluttering your charts with too many indicators. Stick to a core set that works for you.

In conclusion, optimizing your TradingView charts is a continuous process that involves trial and error. By incorporating the settings and tips discussed on Reddit, you'll be well on your way to creating powerful, personalized charts that enhance your trading performance. So, start experimenting, and happy trading!