SMTC KOLKATA

Understanding Charting
Platform

A CHART IS A GRAPHICAL REPRESENTATION OF PAST OR

CURRENT DATA. HUMAN MIND CANNOT STORE TOO MUCH
DATA AND CANNOT VISUALIZED TOO MUCH DATA. FOR
THIS REASON CHARTS ARE USED FOR UNDERSTANDING
LARGE QUANTITIES DATA AND THEIR RELATIONSHIP.

LETS DISCUSS BRIEFLY ABOUT CHARTING PLATFORM IN

INDIA.
BOTH FREE & PAID CHARTING PLATFORM ARE AVAILABLE
IN INDIA. LETS TALK ABOUT FREE CHARTING PLATFORM.
TRADINGVIEW.COM ONE OF THE MOST COMMONLY USED
CHARTING PLATFORM. SECONDLY MAXIMUM BROKER WILL
PROVIDE YOU FREE CHARTING PLATFORM LIKE ZERODHA
FYERS ETC.
 Trading view Charting Platform

ONE OF THE MOST POPULAR CHARTING PLATFORM IS

TRADING VIEW. FREE OF COST AND PAID VERSION BOTH
AVAILABLE. FOR BEGINNERS NO NEED TO SUBSCRIBED PAID
VERSION. BETTER OPEN TRADING AC WITH THIS TYPE OF
BROKER WHO HAVE TIE UP WITH TRADING VIEW. YOU WILL
GET MAXIMUM PAID VERSION FACILITY WITH FREE OF
COST.
WE WILL DISCUSS ABOUT THIS TYPE OF 2 BROKERS WHERE
U WILL GET MAXIMUM TRADING VIEW CHART FACILITY
WITH FREE OF COST.
1) ZERODHA – YOU WILL GET TRADING VIEW CHART + IQ
CHART.
2) FYERS – YOU WILL GET TRADING VIEW CHART ONLY .
Trading view Chart
 Trading View Chart

Previously We Have Discussed About

How To Launch Trading View . How
To Add Stocks Etc. Today We Will
Discuss About Trading View
Operation With Different Brokers
Platform.
 Important Trading View Tools
Today We Will Discuss About Most Popular &
Commonly Used Trading View Tools.
1) Trend Line
2) Horizontal Line
3) Vertical Line
4) Path
5) Rectangle
6) Measurement
7) Fibonacci
8) Long Position
9) Short Position .
10) Bar Play ( Replay )
Important Trading View Tools
 1) Trend Line
A Trend line Helps Technical Analysts
Determine The Current Direction In Market
Prices. This Tools Will Help You For Drawing
Trend Line As Well As You Can Mark Candle
High , Low , You Can Use This Tools For
Drawing Or Marking Swing High Or Swing
Low Or You Can Use This Tools For Any Type
Of Marking. You Can Change Its Colour
Thickness As Per Your Needs.
Trend Line
 2) Horizontal Line
Horizontal lines are used to determine levels
where there have been price equilibriums in
the past. Past price equilibriums correspond
to heavily and thus efficiently traded areas
that traders may treat as support and
resistance. When You Plot Horizontal Line It
Will Placed With Complete Previous And
Upcoming Chart To Determine Fixed
Previous Level As Well As Understanding
Upcoming Levels.
Horizontal Line
 3)Vertical Line
Vertical line Is A Charting Tools Used By
Technical Analyst and Market Technicians To
Understand Price Movement Form One
Point To Another Point And Also It Will Used
For Chart Divider Lines As Well As Time
Divider Lines.
Vertical Line
 4) Path Or Continuous Line
Path Or Continuous Line Is A Charting Tools
Used By Technical Analyst and Market
Technicians For Plotting Or Drawing
Continuous Swing To Understand Market
Overall Trend .
Path Or Continuous Line
 5) Rectangle
Rectangle Is A Charting Tools Used By
Technical Analyst and Market Technicians
For Plotting Or Drawing A Zone Or Area To
Determine Support Or Resistance Area . We
Can Use It For Marking Monthly Support Or
Resistance Zone , Weekly Support Resistance
Zone , Daily Support & Resistance Zone , As
We As Multi Time Frame Zone Analysis .
Rectangle
 6)Measurement
Measurement Is A Charting Tools Used By
Technical Analyst and Market Technicians
For Understanding And Determining % Of
Securities Or Stocks Movement As Well As
For Point Calculation As Easiest Way With
This Tools.
Look At The Below Picture ( Looks Like Scale )
Measurement
 7) Fibonacci
Fibonacci Is A Very Powerful Tools To
Determine Strong Support & Resistance As
Per Market Trends . 1st You Need To Learn
Fibonacci How To Use How To Trade .
Now We Will Discuss Only How To Plot . We
Will Learn How To Trade With Fibonacci In
Future.
Fibonacci
 8)Long Position
Long Position Is A Charting Tools Used By
Technical Analyst and Market Technicians
For Determining Buy Side Risk : Reward
Ratio As Per Their Choice Like 1:1 1:2 Or 1:3
Etc .
It Will Clearly Shows You Stop Loss Area And
It Will Shows You Take Profit Area.
Long Position
 9) Short Position
Short Position Is A Charting Tools Used By
Technical Analyst and Market Technicians
For Determining Sell Side Risk : Reward
Ratio As Per Their Choice Like 1:1 1:2 Or 1:3
Etc .
It Will Clearly Shows You Stop Loss Area And
It Will Shows You Take Profit Area.
Short Position
 10) Bar Play ( Replay )
The One Of The Most Important Trading View
Features For Everyone Is Bar Play Or Replay
The Chart. You Need To Practice With This
Features . You Can Play Chart From Any
Date. It Will Like Live Chart . Professional
Traders Also Use This Features For Back
Testing , For Practice Their All Strategy As
Well As For New Strategy And Set Up
Creation.
Students Must Needed Features Is Replay The
Chart For Learning Technical Analysis.
Replay ( Bar Play )
 Plotting Indicators
When You Start Technical Analysis For Your
Investment And Trading Purpose You Need
To Understand Price Action As Well As
Technical Indicators For Your Investment
And Trading . Today We Will Just Discuss
About Indicator Plotting . In Future We Will
Learn Indicators Briefly With Unique Way .
Plotting Indicators
 Virtual Trading Platform
1) Tinkerr
2) Front.page
3) Neo Stock
Free Scanner & Option Trading Tools
1)CHARTINK
2)Zerodha Streak
2)SENSIBULL With Zerodha