TradingView charts on Deriv X: A quick guide

TradingView has been integrated into the Deriv X platform! In this guide, we'll walk you through all its key features and functionalities to help you make the most of this powerful addition.

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What is TradingView?

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TradingView is the world’s leading charting tool, trusted by over 60 million users. Primarily designed for technical analysis, it offers a wide range of built-in indicators and highly customisable layouts, making it ideal for both novice and experienced traders to analyse and engage with the markets.

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Key TradingView features available on Deriv X

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The integration of TradingView into Deriv X offers access to a diverse range of symbols, including Deriv’s exclusive Derived Indices and traditional markets such as forex, stocks, indices, commodities, cryptocurrencies, and ETFs. TradingView is particularly noted for its customisability, providing traders with 12 different chart types and flexible styling and annotation options. Three key features traders find the most valuable are:

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Drawing tools for trading charts

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TradingView has a great reputation for the quality, consistency and customisability of its charts. It offers over 110 drawing tools for traders to annotate charts with trend lines, channels, and Fibonacci retracements, among other tools, allowing for detailed technical analysis. These features help traders identify patterns, mark key levels, and refine their strategies visually.

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Technical indicators

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TradingView provides access to over 100 built-in technical indicators, covering a wide range of analysis needs. Traders can also apply multiple indicators on the same chart, allowing for deeper and more complex market analysis.

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Multiple TradingView charts

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TradingView is well known for its flexible screen layouts, allowing traders to view multiple charts on a single page. This feature enables users to track different markets or timeframes simultaneously, providing a comprehensive view of trading opportunities. By customising layouts, traders can efficiently monitor various assets and streamline their decision-making process.

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Placing a trade through TradingView charts on Deriv X

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Using TradingView

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Follow these steps to launch TradingView within your Deriv X terminal and place a trade:

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1. Log in or sign up

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Log in to your Deriv account. If you don’t have an account, sign up by clicking ‘Get’ under the Deriv X section at the bottom of the Traders Hub, and follow the prompts to create an account and set your password.

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2. Open Deriv X

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From the Traders Hub, open your Deriv X terminal.

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3. Launch TradingView

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You can launch TradingView three ways:

• Click the ‘+’ icon to launch the TradingView widget
• Go to ‘Tools’ and select ‘TradingView’ to create a TradingView workspace
• Choose the layout icon and load the ‘Default’ layout

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4. Select a symbol to trade

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Choose the symbol you want to trade from the watchlist on the right side of the screen. You can sort these symbols by their respective markets for easier navigation.

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5. Start a trade

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Select the red box for a short position or the blue box for a long position, located at the top left of the screen.

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6. Set trade parameters

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After selecting the trade direction, you can choose to enter via market, limit, or stop order. Set your stop loss and take profit levels to manage risk and define your profit targets. Order confirmation notifications will appear to confirm your trade.

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7. Monitor your position

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Track your trade from the ‘Positions’ tab.

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8. Modify or close the position

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In the ‘Positions’ tab, you can adjust your stop loss or take profit levels by clicking the pencil icon or close the position by clicking the ‘x’ icon.

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Start using TradingView charts today!

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TradingView provides a wide range of features and is fully integrated with Deriv X on both mobile and desktop platforms. Open a free practice trading account to explore the TradingView interface and test your strategies with a demo account today.