TradingView is an extraordinary website to solve all your problems of creating charts, coding, ass moving average on RSI with extreme ease of functionality and simple usage. This is a place where you do not have to know technical skills to do technical work. 

Today, this article will enlighten you on how moving average can be added to RSI on TradingView without any hassle. 

Add TradingView RSI on the chart.

1. Go to Charts 
2. Click on add indicators 
3. Add on RSI that is normal 
4. Further, add up the moving average as normal
5. Click the right button on Moving average on the chart
6. Come down to the option of Move to 
7. Choose the option of Existing Pane below 

After following this procedure, your work will be done! 

You can now go-ahead to alter the settings of the RSI and the Moving Average if you did not do it earlier. Ordinary people generally prefer is 14 while using the Exponential Moving Averages. If you like, you also have the option of adding more indicators to the RSI. 

How to Add Moving Average to the RSI in TradingView?

To add Moving Average to your RSI indicator in TradingView, you need to do the following steps:

1. Go to Charts 
2. Click on add indicators 
3. Add on RSI on the chart
   
4. Add Moving average on the chart as usual.
   
5. Click the right button on Moving average on the chart
6. Choose the option  “Move to.”
   
7. Select option “Existing Pane below.”

See the video on how to add moving average to RSI in TradingView:

How to Add Moving Average to the RSI Indicator in TradingView video

Things To Know About RSI in TradingView

Relative Strength Index, also referred to as RSI, being an oscillator indicator, helps measure the change and speed of directional movements in the price. It helps you understand the weaknesses and strengths in the present and give you a fair look at the past. The way to ascertain it is by using the closing prices of your duration and the timeframe being considered. It helps a person ascertain the prices and confirming the option. This indicator’s only drawback is that it might be a lagging indicator since the estimations are made based on the closing prices. 

Indicators To Be Used in TradingView

Just like RSI, there are several others which you can use to ascertain different things. Some of these indicators are paid, while others are free to use. For starting on your journey, it would be best to use free indicators and become well-versed with the system first. You can eventually work with a Pro+ account or even a premium account at best if needed. While using basic tools like RSI, you can always add other assistance tools to make your functioning easier and more appropriate. 

There is also an option of using Indicators on other indicators to ameliorate the functioning. For example, it is possible to use another indicator over RSI, such as the Divergence Indicator. Using multiple indicators would aid you in reaching more as well as better confirmations. Another example of two tools that go hand in hand is the 13/62 crossover and Exponential Moving Average. There, in fact, can be found indicators that give you an alert of buy and sell while you are using TradingView. 

Add  50-Day Moving Average in TradingView.

Various Moving Averages can be used, among which 50-day is one. It can be best used along with TNT Strategy. For working on the Bollinger Bands, the best way is to add them to the main chart, followed by differentiating these. To make the process of adding 50 Day Moving Average to the Tradingview charts, here are some simple steps that you must follow: 

1. First, go to the Daily Chart section.
   
2. Now, look for the option of add indicators 
3. Feed Moving Average in the search option 
4. Now press on the Moving Average 
5. You must now click the right button on Moving Average in the charts
6. Go down to the option of settings at the bottom 
7. Alter the length to 50 under the section of Inputs 
8. Press okay 

And here you go! By following this easy procedure, you would be able to feed the 50-day moving average option. There is also an option to get the 50-day moving average on the 4 hours and 1-hour categories. The simple way to go about it is to break down the candles to the per day number and multiply it by 50. Once you go through the process, you will realize how easy it is. 

The most found usage of this indicator is to take benefit of the early entry. While in a new paradigm, you must begin the trade on 1M or max a 5M chart. Let us guide you through some mathematical calculations now to simplify the process for you further. 

The moving average of 4-hour and 50-day: Considering a chart of 4 hours, 6 candles can be equated to one day. Then, to take the 50-day moving average on a 4-hour chart, you must take 6 and have it multiplied by 50. 

50 X 6 = 300

Therefore, to get a 50 day moving average for a 4-hour chart, you must enter the length as 300 

The moving average of 1-hour and 50-day: If you estimate, on a 1-hour chart, 24 candles would be equated to one day. Therefore, to get the 50-day moving average of a 1-hour chart, all you have to do is multiply 24 with 50. The calculation would look like this: 

50 X 24 = 1200

Therefore, for a 1-hour chart, you must enter the length as 1200. 

There also rests an option to skip the mathematical calculations and get the moving averages according to any time frame you choose by signing up for the free membership, which would also provide you with other free indicators. 

RSI and moving average crossover in TradingView

1. Go to Charts 
2. Click on add indicators 
3. Add on RSI on the chart
   
4. Add Moving average on the chart as usual—set Period for example 50.
   
5. Add another Moving average on the chart as usual—set Period, for example, 100.
6. Click the right button on Moving average 50 on the chart and select the “Move to” option “Existing Pane below. ”
   
7. Click the right button on Moving average 1000 on the chart and select the “Move to” option “Existing Pane below. “

RSI is a very easy-to-use platform where you can work with various indicators to ease your work. However, one strategy that works at all times would be the crossover strategy. Even though using RSI indicators is not so difficult, people might stick to using easier tools initially, for which this strategy can work the best. 

The standard setting of RSI is set at 14; however, as time passes by and you get acquainted with the Daily charts, and might want to experiment with new things that work the best for you. You might also research a little about the new techniques to find the best one that suits your needs. 

Trend Trading in RSI: Like all the moving average strategies, this is yet another strategy. How it works is by using a pair to trend down and up with. The basic logic is that there is a requirement to have higher highs and lows against a downtrend, where the requirement is for lower lows and highs for an uptrend. It is possible to have taken only in the direction of the ongoing trend. Therefore, there are sales when there is a low trend and buy when there is an uptrend. 

To understand this better, we can use an example of a 1-hour time frame with the RSI fixated at 21 and a moving average of 13. We would further make use of the Bollinger Bands set at 50. When it goes down to the middle line, you can move the stop loss to profit or even to a break-even point if nothing else. Moving on, when the trend moves to the upper line or the lower line, you have two options. You can either take the stop loss further into profits or decide to close a half lot or even close out everything. Another option is to move the stop loss after another 10-20 pips into profit if you like. There are a lot of trading techniques that can be followed. Mostly, all the traders follow a similar entry technique but meet with very different ends on their varied exit techniques. 

We will now list out certain entry and exit points for you to refer to: 

Entry 

1. At an RSI over 60, sell, and with an RSI below 40, buy 
2. As and when you see the RSI getting at a range over 60 as well as pulling over the moving average, you must make an entry on the following candle close in the right direction 
3. It would help if you fixated the stop loss to the final preceding high or low, which in the current case might be 15 pips. The same can be set at 30 pips if you are considering a 1-hour chart. 

Exit 

1. When you find the trend getting to Basis, 50 moving average, you must alter the stop loss to gather profits.
2. When the trend reaches low or high, you can alter SL to look for more profit, partial or complete close depending on your choice. 

There isn’t any right way of trading. First, however, you must ensure that you are taking enough demos as well as backtesting. Then, you can try out the different indicators at your disposal to observe the trends and get a high hit. 

There are different indicators and filters available on TradingView. However, only a few of them can be availed for free, followed by which you must have to enroll for packages and upgrades. 

Another thing related to setting a basic RSI might trouble you, and therefore, we would finally lay down the steps to set up an RSI easily on TradingView. 

1. Firstly you must right click on the option of indicators 
2. Locate RSI and right-click on it to add it to your chart
3. Press the icon which denotes ‘settings.’
4. Alter it to whatever you like by removing the default 14 

Conclusion 

RSI is a straightforward indicator to use and understand. You can also use this indicator very flexibly with many other strategies and tools without much hassle. If you are looking for a quick-fire, you must set up the RSI either higher than 80 or lower than 20. If you post that you witness divergence on the RSI considering price actions, it will be a sure win. Divergence generally works really well with RSI. 

The best part is that you can access this strategy without paying anything by simply signing up for the account of Free TradingView. You can get extraordinary deals here if you upgrade in the future to a paid plan or even if you decide to work with a similar free plan. 

There is an excellent experience you can undergo by using the free plans offered by TradingView. It, in fact, will be a very safe choice to make in the beginning when you are not very sure of the strategies you want to make use of and master. The free sign-up can help you experience the best without losing out on anything significant in the beginning. 

The best way to upgrade the account is by reinvesting the money you make via trading for free. However, after you have earned some money, it may be a good choice to invest in standing a higher chance of making money by upgrading to a premium plan. 

TradingView can offer exemplary deals after you have signed up for free for 30 days and also around Black Friday. Therefore, you must wait patiently for these deals to arrive and make money out of free sign-ups till then to have the best experience. 

Stock trading is not new, but the way it is done keeps evolving rapidly. Having a few spare hours a day, a little investment, and basic finance knowledge are not enough. Every day there is a new indicator or a tool in the market that promises you greener pastures. The truth, however, cannot be far from it.

Whether you are a novice trader or a veteran, you know the important role of trading charts. These charts may not be a mouse maze, but they can overwhelm you, especially when you are not aware of which ones to use. Traders keep on jumping from one chart to the other and create a mess for themselves. In addition to that, you also need stock-scanning software, which can be a financial burden for independent traders. Some might even find the task of analyzing these charts daunting. What’s the solution? The answer is TradingView.

What is TradingView?

Launched in September 2011, TradingView is a web service and social network where traders can use its cloud-based charting services for better technical analysis. Both new and experienced traders can use it for several services. Everything is available without any cost on this platform, from basic charting and research to deep-analysis of information. You must keep in mind that you will have to perform most of the trades outside TradingView as only limited brokerages are currently linked.

Is Tradingview free?

Tradingview is a free service for basic charting and research to deep-analysis of information. However, TradingView offers a paid service where traders get an ad-free version of charts, more indicators per chart, smart drawing tools, more than 100k+ technical indicators, etc.

Features Offered by TradingView

These are some of the crucial features that you will find on this platform:

• HTML5 Charts: HTML5 is a markup language that is used to present and structure content virtually. On TradingView, you can use it to create charts. These charts can be simple or explicit based on your needs. Whether you want to track one stock or multiple stocks at a given time, you can create charts and track different markets. You can completely customize these charts by drawing your own.
• Server-Side Alerts: Trading is seldom anyone’s full-time job or the only source of income. Since you are not constantly hooked to your trading platform, it is easy to miss any important movement. This feature on TradingView sends you an alert in real-time whenever something happens outside your set criteria. You can choose to get it on your laptop, phone, or both. You have a choice of 12 different types of alerts that you can apply to your chosen tools and indicators.
• Stock Screener: You make better trading strategies when you are not psychologically burdened. This feature allows you to screen different stocks and find the ideal for your requirements, thus, decreasing the overall stress.
• Customized Analysis: Pine script is a programming language that TradingView offers to advanced users. You can use this language to build 100% customized indicators and charts from scratch.
• Trading: This feature is handy for new traders. You can indulge in paper trading (trading without real money) to trade several securities, including Forex, cryptocurrency, and stocks. As you will be creating a profile without using actual money, there is no risk involved. You can use this feature to practice before investing actual money.
• Broad Coverage: TradingView gave you access to over 50 global exchanges and increased trading hours. This access will depend on the kind of subscription that you have paid for.
• Active Trading Community: In its true essence, TradingView is a social networking platform where traders can interact with each other. You will become part of a larger community that believes in exchanging ideas and strategies. You can even collaborate with others.
• Extensive Knowledge Base: You will find several informative podcasts spread throughout the TradingView website. You will definitely get to learn more about the art of trading on this platform.

Tradingview charts

TradinView offers a perfect stock-picking platform to both experienced and new traders. They get the ability to share, create, and collaborate with other traders on this platform using the cloud-based SAAS that TradingView uses. While it offers several advantages, TradingView still falls short in connecting traders to most large and global brokerages as they are not yet linked to the platform directly. This may cause inconvenience to many as you will be required to places your trades separately. 

Tradingview chart example for Bitcoin:

TradingView has its scripting language that traders can use to create or customize their charts. It is a versatile platform, and its popularity seems to only grow among traders and investors since its launch.

You can use this platform to learn various things as there are several educational videos are available. You can know about new concepts, research possible outcomes of charts and market fluctuations, collaborate with like-minded traders, practice using paper money, and more.

Working of TradingView

The moment you will land on the homepage of TradingView, you will be impressed by the exhaustive information provided there. You can access that without even signing up for an account. You can read about some of the most common currency pairs like EUR/USD, ETH/USD, and BTC/USD, along with NASDAQ, S&P 500, and the Dow for free by using the ticker at the top of the page. You can use this same ticker to search for a stock. You can filter your research as well very easily.

Right after this ticker, in the social media section, you will see the most recent stories by top authors, stock news, market summaries, trending charts, and an economic calendar. Everything will be up-to-date. You will come across comments by others, including established traders and investors. You can learn more about their point of view and add your own as well. This social media section is a huge pool of knowledge.

You can access basic charting features offered by TradingView by signing up for a free account. You can use this feature to create market indicators and stock alerts.

Shortcomings of TradingView

While TradingView offers so much to traders and investors, it falls incredibly short in one thing – lack of brokerages. Since only limited brokerages are linked to TradingView, traders cannot perform most of the platform’s trades. Merrill is available through CQG API, along with Modalmais and Alor. With only these three brokerages, traders have no option but to perform most of their trades separately. You can also find some Forex and futures brokers, but the list is still limited.

TradingView Subscription

How much is Tradingview per month?

Tradingview offers three paid packages from $14.95 to $59.95, where traders can get an ad-free version of charts, more indicators per chart, smart drawing tools, more than 100k+ technical indicators, etc.
Please check the Tradingview pro version.

You will get four types of account options on TradingView, in which one is free, and the other three are paid accounts. You can choose to pay for your account every month, yearly, or bi-yearly. If you are unsure about upgrading your free account to a paid account, you can opt for a 30-day trial available for all types of paid accounts. You can choose from the following subscriptions:

1. Basic Account

The basic account is the free version that you can get on this platform. Whether you are an experienced trader or just a beginner, it is always advised to use the free account before buying a paid subscription. It allows you to see how the platform works. Of course, you will get limited features with this account; for example, you can only get one chart/layout and one alert/3 indicator. This account gives you access to global data, economic calendars, and social communities. The downside is that you can’t get access to customer support.

2. Pro Account

This account will cost you $9.95–14.95 per month. While you still get access to a single chart per layout and you can manage your account on only one device at a time, you can customize your stock research. 

You will get five indicators and ten alerts for every chart. This account does not include SMS alerts and customer service, but you will get an ad-free account.

The monthly subscription will cost you $14.95, but if you buy the yearly subscription of $155.40, it will cost you $12.95 a month. You can reduce the cost even more by option for a two-year subscription. It will cost you $238.80, which translates to $9.95 a month.

3. Pro+ Account

With this account, you get more alerts and better customer service. Instead of one, you get up to four chart layouts and save 10 layouts. You can even access the account from two devices. SMS alerts are still not available. This account gives you access to Kagi, point, figure charts, line break, and Intraday Renko. You can create your custom charts. You also get extended trading hours. 

If you pay every month for this account, it will cost you $29.95. By buying a yearly subscription for $299.40, your monthly expenditure on this account will be $24.95. If you want to reduce the cost further, subscribe for two years at $478.80. It will cost $19.95 a month.

4. Premium Account

You get access to all the features on this platform if you opt for the premium account. The number of charts per layout gets increased to eight, and you can operate your account on five different devices at a time. You get 25 indicators and can use up to 200 alerts per chart. You get access to unlimited indicator templates, saved chart layouts, and enhanced watch lists. You also get priority customer support.

The monthly subscription is $59.95, a yearly subscription is $599.40 ($49.95/month), a two-year subscription is $958.80 ($39.95/month).

Conclusion
TradingView is an active platform that provides a social platform for traders and investors. Along with charting, screening, and researching tools, it allows like-minded traders to connect and collaborate. You get a ton of information by just being on the TradingView platform. This is a great platform.

Visit Tradingview platform