I’ve been reading the TA thread, and a big thank you to those actively writing there; my interest was also piqued in technical analysis and the Tradingview tool. Based on the thread’s messages, it seems there are others who are only now trying out that software. I would see a separate thread as necessary, where we can discuss the use of the program itself and good tips. This would keep the TA thread itself more factual when amateurs post slightly more irrelevant things here.
As a big amateur myself, I’m only now practicing “faster trading,” as I sometimes call it. I’ve only made a handful of intraday or multi-day trades, but since it feels like I’m making a small profit, learning Tradingview is starting to interest me more.
I’ll start with the first question:
Tradingview advertises that you can do “backtesting” for your strategy with it. I’ve watched tutorial videos on Youtube, and it seems that with the program you can scroll through old price data, draw patterns, and then press play, whereupon time progresses and you see if the patterns were accurate. This was a bit of a disappointment, as I was expecting a slightly different type of testing possibility.
Can the software be set to make hypothetical buys/sells when the desired indicators are in certain positions? Simplifying, e.g., when RSI <30, the software “buys” the desired stock with a specified amount, and when it exceeds 70, it makes a sale? That would then be run through the desired time window, and as a result, one would see how many millions were gained in profit? ![]()
Edit 2.12.2019: The thread name has been modified to cover more all sorts of TA study-related matters, so that the actual technical analysis thread would remain more “substantive.” (In my opinion, there hasn’t been a problem, but perhaps it’s good to differentiate at this stage already.)
