15 May 2025

TOP 5 Useful Chart Analysis Tools on TradingView

TradingView is an analytical resource that allows traders to analyze the charts for cryptocurrencies, stocks, Forex and other economy subjects.

On this page

Many beginners have difficulty using TradingView. The site contains many attributes of technical analysis that can confuse a trader. In fact, you don’t have to use many functions, which raises the question – what indicators on TradingView will help you best working with cryptocurrencies?

We have collected the TOP 5 tools that will help you quickly and compactly benefit from TradingView:

Volumes – vertical and horizontal

Trading volumes allow you to see the number of traded contracts. There are 2 types of volumes – vertical and horizontal. The vertical volume displays the amount of an asset that was traded by traders for a certain period of time (candlestick). The tool is located in the “Indicators” section under the “Volume” ticker.

Horizontal volume is a projection of traded contracts at a certain price. You can use it by clicking on one of the sidebars and selecting Horizontal Volume Profile. After that, we stretch the indicator in the desired area and get the result. Volumes are used to determine the truth of the rise or fall, strong price levels and their probable breakouts. More about this indicator can be found in our article on trading volumes

Vertical and horizontal trading volume

Vertical and horizontal trading volume

Long / Short Position

To project your own trades onto a chart, TradingView has a Long / Short Position tool. With its help, traders calculate the point of opening a trade, stop and profit-taking point. The tool also displays the stop-to-take price ratio, which gives an understanding of the profitability of the trade.

The indicator is located in the left sidebar under the appropriate name. Users can customize the tool's color scheme and pop-up details to their own needs. 

Long / Short Position

Long / Short Position

Fibonacci grid

Fib Retracement (or Fibonacci grid) is a graphical tool that allows you to draw the required number of levels and the proportional distance between them on the chart in one step. By default, the TradingView grid has 7-9 levels and multi-colored filling. The tool can be useful in identifying a potential price correction, as well as strong support and resistance zones.

Most often, traders use the Fibonacci grid to display a horizontal channel (“flat”) and trade sideways: after all, the quantity, color, and distance between levels can be adjusted manually. 

Fibonacci Grid Tool on TradingView

Fibonacci Grid Tool on TradingView

Drawing tools. Segment, line, rectangle

Oddly enough, the most ingenious is always the simplest. The usual graphical tools in the form of horizontal lines and geometric figures are great for basic chart analysis. The rectangle is convenient for defining price zones, parallel lines allow you to display an upward or downward price trend.

All graphical indicators are in the left sidebar. Their properties can always be changed to suit your trading approach. 

Graphic drawing tools

Graphic drawing tools

Alert

The Alert tool completely solves the lack of time issue for traders. Users can set notifications for crossing the price at any mark. The message can come to the phone, email or to the application itself. You can also create a signal for a large price spike in %, entry or exit from the price range, and so on.

Thus, you don’t have to monitor the chart constantly, but enter only at the right time, when there is a prospect of  a position opening. 

TradingView Alert Tool

TradingView Alert Tool

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author
21Shares Partners With Sui To Expand Institutional Blockchain Adoption

21Shares Partners With Sui To Expand Institutional Blockchain Adoption

21Shares and Sui teamed up to make it easier for institutions to access blockchain-based products and services through joint products, research, and other incentives.

Anahit Avetisyan
Nebraska Passes Bill Requiring Bitcoin Miners to Pay for Grid Upgrades

Nebraska Passes Bill Requiring Bitcoin Miners to Pay for Grid Upgrades

Nebraska has passed LB 526, a new law set to regulate Bitcoin mining. The bill introduces mandatory notifications, infrastructure fees, and allows authorities to disconnect mining farms from the power grid.

Vlad Vovk
Ethereum Foundation’s New Security Initiative Targets Mass Adoption

Ethereum Foundation’s New Security Initiative Targets Mass Adoption

The Ethereum Foundation announced the Trillion Dollar Security initiative (1TS) to improve security and bring trillions of dollars on-chain.

Anahit Avetisyan
Yuga Labs Transfers CryptoPunks IP to Infinite Node Foundation

Yuga Labs Transfers CryptoPunks IP to Infinite Node Foundation

The IP behind the CryptoPunks collection has been transferred to the Infinite Node Foundation. The nonprofit will steward the project with a $25 million endowment and a newly formed advisory board.

Dmytro Psevdonimenko
Monica Long: How Ripple’s Quiet Force Is Redrawing Crypto’s Map

Monica Long: How Ripple’s Quiet Force Is Redrawing Crypto’s Map

Ripple’s Monica Long isn’t chasing headlines—she’s quietly building crypto’s future. From payments to tokenization, here’s how she’s reshaping finance from the inside.

Elina Moskovchuk
Top Crypto Tweets Today: Zerebro Dev Reveals He Faked His Suicide

Top Crypto Tweets Today: Zerebro Dev Reveals He Faked His Suicide

The biggest mystery in today’s Twitter/X recap is Zerebro dev Jeffy Yu, who claimed to take his life on a Pump.fun stream – but later said he faked the video to stop harassment.

Anahit Avetisyan
Top Crypto Tweets Today: Samourai Case, Curve X Hack & More

Top Crypto Tweets Today: Samourai Case, Curve X Hack & More

DOJ prosecutors reportedly suppressed key evidence in the Samourai Wallet case. Crypto lawyer Zack Shapiro shared the defense team’s hearing request on X.

Anahit Avetisyan
How to Buy New Crypto Before Listing: A Step-by-Step Guide

How to Buy New Crypto Before Listing: A Step-by-Step Guide

Buying a cryptocurrency before it’s listed publicly has become one of the most talked-about strategies in the space, offering the potential for major upside—if done carefully.

The Coinomist
The Rise and Fall of Web3 Darlings: A Guide to Crypto Longevity

The Rise and Fall of Web3 Darlings: A Guide to Crypto Longevity

Most Web3 projects don’t collapse—they just stop being talked about. What makes one protocol a star and another a ghost? And why, in crypto, silence might signal transformation rather than failure?

Vlad Vovk
Beyond Profits: Understanding the Spiritual Side of Trading

Beyond Profits: Understanding the Spiritual Side of Trading

Are spiritual habits the missing link in trading psychology? For many, mindfulness and reflection offer a buffer against stress, reduce snap decisions, and aid in staying grounded through market volatility.

Vlad Vovk
How Cryptocurrency and Its Owners Are Tracked

How Cryptocurrency and Its Owners Are Tracked

Think blockchain is private? Wallets have no names and transfers seem untraceable — but that’s misleading. Discover how experts uncover wallet owners and link identities to transactions.

Vlad Vovk
The State of Crypto Regulation in 2025: Where the World Stands

The State of Crypto Regulation in 2025: Where the World Stands

A wave of regulation is sweeping the crypto world in 2025. From Washington to Brussels to Singapore, governments are setting new ground rules. What’s at stake for crypto’s next chapter?

Daryna Nesterenko
Blockchain-Based Distribution Platforms: Taking Control of Your Film’s Future

Blockchain-Based Distribution Platforms: Taking Control of Your Film’s Future

Blockchain lets filmmakers skip middlemen, control distribution, and get paid fairly. Director Markus Müller-Hahnefeld shares how it works.

Sebastian Scheplitz
Bitcoin Stagnates as Ethereum Takes the Lead

Bitcoin Stagnates as Ethereum Takes the Lead

With Bitcoin stuck in a sideways trend, Ethereum’s impressive 30% gain places it well ahead of most of the market, raising hopes for a full-fledged altcoin rally.

Anton Kryshtal
Correction or Pause? Bitcoin Steadies Above $100K After Overheating

Correction or Pause? Bitcoin Steadies Above $100K After Overheating

BTC has pulled back from $105,000 but still holds above $100,000. Profit-taking, liquidations, and declining leverage weigh on prices, while record ETF inflows and Coinbase’s addition to the S&P 500 offer support.

Vlad Vovk
MORE
Earning by Habit: How Crypto Weaves into Everyday Actions

Earning by Habit: How Crypto Weaves into Everyday Actions

You can now earn crypto tokens for your most routine daily habits — shopping, working out, or grabbing breakfast at a café. But how does it actually work?

Yara Zornell
Valletta: How Blockchain Became a Growth Engine for the Island of the Hospitallers

Valletta: How Blockchain Became a Growth Engine for the Island of the Hospitallers

Malta attracts crypto companies from around the world — flexible regulation, low taxes, and a prestigious European jurisdiction have turned the small city of Valletta into a land of opportunity.

Iaroslava Kramarenko
MORE