Wed. Jun 12th, 2024

Recalculating After Order is Filled on tradingview: What You Need to Know

When it comes to trading, accurate data and timely recalculations are crucial for informed decision-making. In this article, we’ll explore how to recalculate after an order is filled on TradingView.

TradingView is a powerful charting platform that provides traders with a wide range of tools and features. By default, TradingView recalculates indicators and strategies dynamically as new data comes in. However, once an order is filled, the platform requires manual intervention to trigger a recalculation.

To recalculate after an order is filled on TradingView, follow these steps:

  1. Create a custom Pine Script indicator or strategy.
  2. Add an alert condition that checks if an order is filled.
  3. In the alert action, include the code necessary for the recalculation.

By setting up an alert that triggers the recalculation, you ensure that your indicators and strategies respond accurately to changes in your trading positions.

Integrating Quandl with TradingView

Quandl is a leading provider of financial, economic, and alternative datasets. Integrating Quandl with TradingView allows traders to access a vast array of data to enhance their analysis. Here’s how you can do it:

  1. Sign up for a Quandl account and obtain an API key.
  2. In TradingView, go to the “Chart” tab and select “Add-on” from the dropdown menu.
  3. Click on “Quandl” to bring up the configuration menu.
  4. Enter your Quandl API key and choose your desired dataset.
  5. Apply the changes and you’re ready to use Quandl’s data in your TradingView charts.

With Quandl integration, you can access historical and real-time data for a wide range of markets and assets, allowing for more in-depth analysis and better-informed trading decisions.

TradingView Auto Scale Shortcuts: Simplifying Chart Scaling

Proper chart scaling is essential for accurate technical analysis. TradingView provides useful shortcuts to simplify the process:

  • Press “A” on your keyboard to apply automatic scaling to the chart.
  • Press “Shift + A” to toggle automatic scaling on and off.
  • Use the “Scale Price Action Only” option to exclude indicators from scaling calculations.

By leveraging these shortcuts, you can quickly and conveniently adjust the scale of your charts to focus on the relevant price action and indicators without distorting the visual representation.

Understanding the RMA Indicator on TradingView

The RMA (Relative Moving Average) indicator is a popular tool used in technical analysis. It calculates a moving average with a flexible length based on the average price change. Here’s how to use it on TradingView:

  1. Open a chart on TradingView.
  2. Click on the “Indicators” icon and search for “RMA” in the dialog box.
  3. Select “RMA” from the results to apply the indicator to your chart.
  4. Customize the settings based on your trading strategy and preferences.

The RMA indicator can help you identify trends, reversals, and potential entry or exit points in the market. Experiment with different settings and combine it with other indicators to enhance your technical analysis.

Creating Alerts with Pine Script on TradingView

Pine Script is a powerful programming language on TradingView that allows you to create custom indicators, strategies, and alerts. Here’s how you can create alerts using Pine Script:

  1. Write or import your Pine Script code into TradingView’s Pine Editor.
  2. Define the conditions under which you want the alert to trigger.
  3. Specify the alert message and any additional actions or modifications you want to make when the alert triggers.
  4. Save your Pine Script code and apply it to your chart.

With Pine Script alerts, you can stay informed about specific market conditions or events and take timely actions based on your predefined criteria.

In conclusion, TradingView offers a wealth of features and capabilities to enhance your trading experience. By understanding how to recalculate after an order is filled, integrating Quandl’s data, using auto scale shortcuts, leveraging the RMA indicator, and creating alerts with Pine Script, you can make the most of this powerful platform and improve your trading strategies.

By admin