TradingView Tutorial: Find Winning Cryptos in 3 Minutes with 8 Advanced Features

This is the third installment in our TradingView tutorial series. The first covered TradingView's six major pros and cons, while the second explored eight basic functions. If you haven't checked those out yet, they're great starting points.

After going through the basics, you've probably noticed that TradingView is actually quite intuitive to use. The platform keeps improving its interface and user experience, making it accessible to everyone who follows along with our tutorials.

Today, we're diving into eight advanced features that'll help you level up your trading game.

Why master advanced charting tools? As you progress in your analysis skills and start identifying entry and exit points independently, you'll naturally become curious about what else these tools can do. The real key is this: no matter how much analysis you read from others, it remains theirs. When you can analyze independently, you unlock the ability to research any asset that catches your interest.

If you've been using TradingView for a while, today's your chance to explore these eight advanced features and discover what you've been missing with the free version alone.

Why TradingView Stands Out

In our previous article, we covered TradingView's eight basic functions: homepage navigation, trading pairs, watchlists, chart styles and timeframes, zoom controls, drawing tools, time navigation, and sharing ideas.

We also explored why learning to read charts matters. Like many skills, chart reading is "easy to understand but hard to master." Our goal is simply to give you a helping hand along that journey.

So let's jump into the eight advanced features that separate beginners from pros. Master these, and you'll be well on your way to sophisticated technical analysis.

For tutorials like this, just reading won't cut it. We strongly recommend opening TradingView alongside this article and trying out each feature as you go. 👉 Start exploring TradingView's powerful charting tools with full access to real-time market data to follow along with these advanced techniques.

TradingView packs an incredible range of features. Today's eight advanced functions should help anyone serious about technical analysis take their skills to the next level.

1. Chart Settings & Layer Management

As you progress from beginner to intermediate trader, you'll start exploring different analysis methods, mastering the drawing tools, optimizing your chart efficiency, and making trading decisions with just a few lines. You might even develop your own unique style. The difference between novices and skilled traders often comes down to mastery of detailed "settings" for each drawing.

Click any line you've drawn, then access the settings gear icon either from the floating toolbar or right-click menu to dive into detailed configurations.

Style - Extensions

Use left and right extensions to flexibly convert between line segments and rays, making your drawing tools more versatile for backtesting.

Style - Display Info

Besides practice, writing analysis posts (even just for yourself) helps you improve. When presenting charts to others, information clarity becomes crucial. Toggle settings to display various details like distance, angle, and dates on your drawings.

Coordinates

For precise drawing, you can use the "magnet function" we covered in the basics to snap to candle OHLC values, or advanced users can leverage coordinates to manually input exact data points, placing lines exactly where you want them.

Visibility

This feature becomes essential as you advance. When you've drawn many lines on smaller timeframes, switching back to larger timeframes leaves your chart cluttered with irrelevant lines. Simply check which timeframes should display each drawing to keep things clean.

Templates

The template option at the bottom of the settings window is my personal favorite. You can save your current settings and even create different style presets to apply later with one click.

Layer Management

Layer management is another must-know advanced feature. When you have many lines on your chart, you'll occasionally struggle to click the right one. That's when you need the layer management panel in the bottom right corner, which lets you view all your drawings at once.

Key Takeaway: Use extensions and display info to enhance analysis | Set visibility to separate timeframes | Use templates and layer management for efficient drawing organization.

2. Favorite Drawing Tools & Keyboard Shortcuts

In the basic functions tutorial, we mentioned how you can "click the star to add to favorites" for timeframes. This feature is especially useful for the drawing tools on the left sidebar.

Star your frequently used drawing tools, then open the star icon at the bottom left to "Show Favorite Drawing Toolbar." This creates your personal toolbar so you don't have to click through menus every time, boosting your efficiency significantly.

When you hover over drawing tool icons on the left, they display names and sometimes keyboard shortcuts. Mastering shortcuts is key to improving efficiency. For example: Delete key removes selected lines, Ctrl+Z undos the last action, holding Ctrl temporarily enables magnet mode, and more.

Key Takeaway: Add frequently used drawing tools to favorites to create your custom toolbar | Master keyboard shortcuts to boost efficiency.

*Apple users note: shortcuts typically use Command instead of Control.

3. Compare Symbols

The "compare" function lets you add another asset's candlesticks for side-by-side comparison. After clicking it, the trading pair window opens where you can select your desired asset. The chart will display as a line by default, but you can change it to candlesticks in the settings.

The example below compares BTCUSD and ETHUSD on Coinbase. The chart automatically aligns both candlestick series from their opening points, making it easy to compare relative strength. This chart shows ETH recently outperforming BTC.

If you're serious about comparing multiple assets and developing sophisticated trading strategies, 👉 TradingView's multi-chart layouts and symbol comparison tools make it the go-to platform for professional traders.

Key Takeaway: Compare feature adds another asset's chart to identify relative strength between them.

4. Bar Replay

Backtesting is a chess term referring to replaying a game's moves after it ends to review strategic choices and identify key moments. In technical analysis, backtesting means using historical price action to simulate real-time thinking, stepping through market movements to test tools, indicators, and strategies.

Backtesting

Backtesting is crucial for improving your technical analysis skills. Only by repeatedly validating against historical data can you identify blind spots in your thinking, rather than discovering problems when real money is on the line.

To return to a specific point in time and have candles appear one by one, validating your analysis accuracy, follow these steps:

Click the chart's top toolbar, then click the leftmost icon. After clicking, select the starting candle where you want to begin replay. The chart will return to your selected timepoint.

Click the play button to start replay, and candles will appear one by one. You can pause anytime and adjust the speed slider.

Key Takeaway: Use replay function to enhance backtesting and accelerate your learning.

*Upgraded paid versions support replay on additional timeframes; free version only supports daily bars.

5. Alerts

The "price alert" feature marks a trader's graduation from novice status, because it shows you understand that markets don't need constant monitoring—only at certain key moments—and you know where those key price levels are. This is the beginning of leaving rookie status behind.

Most basic requirements for this feature include "notify me when price reaches X," but TradingView's "alerts" go far beyond simple price notifications. You can set various conditions that can be evaluated simply, triggering alerts when conditions are met:

Choose your target to observe (can be candles or indicators) & evaluation condition (can be crossing, crossing down, greater than, etc.), then set the reference target (can be a specific price, indicator, or even a line you've drawn on the chart). Finally, set the alert timing (4 options available: alert once, every time, once per bar close, once per bar, once per minute).

Here are two examples for clarity:

On a 4-hour timeframe, right-click your drawn trendline and create an alert. Set "BTCUSDT" "crosses above" "trendline," and you'll be notified when a candle closes above your drawn trendline.

You can even set alerts for two moving averages crossing, like this: Set 7MA and 21MA, condition as "crossing," alert once per minute. This creates a simple trading strategy without constant chart watching, generating truly passive income.

*This is merely an example of alert creation, not investment advice.

Key Takeaway: This feature lets you set diverse conditions with alerts when they're met.

6. Technical Indicators

The technical indicators function is critically important, used by everyone from beginners to seasoned veterans.

Beginners can start with common built-in indicators. TradingView includes extensive native indicators: moving averages, Alligator, Bollinger Bands, MACD, RSI, KD, OBV, and more—nearly everything is included.

Intermediate traders can dig into "Community Scripts" to discover creations from generous internet users, including indicators from skilled experts. The list shows like counts for reference.

Advanced traders will source strategy scripts from various places, adding them to their personal scripts, or use the Pine Editor to write their own strategy scripts.

Key Takeaway: Beginners can start with built-in indicators | Advanced users can search community indicators for highly-rated ones | Ultimately, you can write your own scripts.

7. Pine Editor & Strategy Tester

Point six mentioned writing your own strategy scripts, which brings us to the "Pine Editor and Strategy Tester" at the bottom of the interface.

Pine Editor uses Pine Script, a programming language developed by TradingView for writing proprietary indicators and strategies that can be added to charts for technical analysis. The language is already quite simplified with many modularized indicators.

If you already know how to code, it's nearly painless to use. Conversely, if you have no programming experience, here are some official resources to help you take the first step:

• User Manual – Detailed documentation describing main features, language syntax and structure, Pine scripts, and how to work with the community script library

• Reference – Quick reference for all available functions, variables, and keywords in Pine, with usage examples for each

• PineCoders Resources – An independent community of active and experienced Pine script users who write guides for beginners and maintain their own knowledge base

TradingView also created a simplified section where anyone can familiarize themselves with the language structure through simple script examples.

Plus, this tool breaks through the free version's 3-indicator limit, because you can combine multiple indicators you commonly use into a single indicator.

Here's an example with multiple moving averages:

study("3 SMA", overlay=true) // Indicator name, main chart indicator
ma5=sma(close,5) // Set SMA values
ma10=sma(close,10)
ma20=sma(close,20)
plot(ma5) // Display
plot(ma10)
plot(ma20)

This combines three moving averages from three separate indicators into one. Want to display more moving averages? Just add more. Want to see EMA instead? Change SMA to EMA in the code above. Not so difficult, right?

Key Takeaway: Write multiple indicators together to break through free limitations | Complete your ideal strategy.

8. Screener

In the homepage's top dropdown menu under "Screener," there are two cryptocurrency-related functions: "Crypto Screener" and "Crypto Heatmap."

Crypto Heatmap visualizes current market conditions at a glance: color represents price movement, block size shows market cap. Commonly used to view coin trading volume and market cap.

Crypto Screener is a useful filtering tool that helps you select which coins deserve your attention from the vast crypto ocean. It offers four dimensions: overview, performance, oscillators, and trend-following. Each metric at the top can be configured (like upper and lower limits), filtering from 10,936 cryptocurrencies down to matching ones.

Here's what I think works best for beginners:

1. Use "Overview"

2. Change "Filter" to single exchange, using Binance as an example

3. Change "Technical Rating" to only Strong Buy

4. Sort by volume, starting research from highest volume coins. You can also narrow the volume range to 10-20 items—whatever you can reasonably review

This finds coins that TradingView recommends for today based on various indicator judgments.

Key Takeaway: Crypto Heatmap visualizes current market conditions | Crypto screener helps identify coins worth monitoring recently.

Wrapping Up

The first article covered TradingView's six major pros and cons, the second explained eight basic functions, and this third installment completed the advanced feature deep dive. We've now fully covered all the functionality we wanted to share.

Of course, there are many more features we couldn't cover individually, so we distilled it into these three articles. Once again, these features are all free—everyone can enter the world of charting through these articles, even diving deep into research and discovering the fascinating world of data-driven market prediction.

Analysts often say technical analysis always does two things:

1. Reduces charting stress

2. Predicts the future to make money

Tools are your best friends. Start by following the functions mentioned in this article, and as you gradually become proficient, you'll develop your own preferred workflows. This reduces charting stress, whether by lowering frequency or shortening time spent, ultimately helping you make money. The sense of accomplishment from succeeding on your own is truly rewarding.

If there are any specific TradingView features you'd like us to cover in detail, feel free to message us!