Introduction to TradingView

Congratulations on acquiring DecisionBar Trading Software for TradingView.com.

TradingView.com is an exciting new web-based charting platform offering professional quality charting

as well as free, real-time data for virtually thousands symbols including stocks, Forex and ETFs.

A basic membership to TradingView is free.

We have partnered with the people at TradingView to provide the DecisionBar Trading Software on

their web-based platform.

This is a MAJOR ONLINE TRADING BREAKTHROUGH because this means that traders can access

DecisionBar without signing up for a compatible charting platform that they must download to their

computer.

It also means DecisionBar is now available to Mac users, and anyone with access to an iPad, Tablet or

even a smart phone with the capability to surf the web.

DecisionBar is currently available for TradingView at a cost of $49/month, $297/year or $697 for a

Lifetime License.

Please note that monthly subscriptions to TradingView are non-refundable. Yearly and Lifetime

subscriptions come with a “No questions asked,” money-back guarantee.

Also, monthly subscribers may apply their current month’s membership fee towards a Yearly or

Lifetime membership at any time

As always, DecisionBar for TradingView includes 100% free training and support 24/7 as long as you

remain a continuous subscriber!

TradingView has most of the functionality of an advanced, desktop charting platform.

Since the trading signals are generated in real-time and are generated at the same time and in the same

way, you will be getting the same signals you would get on any of our other charting platforms.

Real time U.S. stocks data is provided by the CBOE exchange.

For a small fee, real-time NASDAQ and NYSE data is also available from TradingView.com.

TradingView also provides Forex charts with dependable real-time Forex data, as well as Stock, Futures,

Cryptocurrency and Index data from around the world.

The purpose of this introduction is to give you a basic understanding of TradingView.com so you can

explore it on your own. It is not meant to be complete operations manual. TradingView is very

intuitive, so just click around to see what the various buttons and menu items do.

Questions and problems can be directed to us at: support@decisionbar.com.

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This tutorial started off as a “Quick-Start” and quickly grew to over 30 pages. Don’t let that intimidate

you. Most of the pages are filled with screen shots so you can be sure you are following instructions

properly. You should be able to complete this tutorial in less than an hour, and upon completion, you

should have a good grasp of many of the features of TradingView.

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Signing up for DecisionBar in Trading View.

DecisionBar for TradingView is offered as an “Invite Only” Script. This means that we control who can

use DecisionBar and even who can see DecisionBar.

To sign-up for DecisionBar for TradingView you must first complete the membership form on our

website.

Very Important: When filling out the membership form, your UserName should be the SAME as your

TradingView UserName. Your password should be DIFFERENT from your TradingView password. If

you get an error message stating that your UserName is already in use, choose a different username and

send an email to support@decisionbar.com with your DecisionBar UserName and your TradingView

UserName. We need your TradingView UserName to give you access to DecisionBar on TradingView.

To sign-up for a monthly membership, go to:

http://www.decisionbar.com/signup/db_monthly_tv.html

To sign-up for a yearly of Lifetime License, go to:

https://www.decisionbar.com/signup/db_extended_tv.html

Once we process you membership, we will give you access to DecisionBar for TradingView as an

“Invite Only” Script.

IMPORTANT NOTE: Access to DecisionBar for TradingView is not immediate. Currently, access

must be given manually, and must be given separately for each DecisionBar indicator. This can be time

consuming, but we will get you set-up as quickly as possible. You will receive an email when access is

granted.

To create a chart in TradingView, click on the “Chart” menu item in the header.

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A default chart will come up. If you have logged in previously, the last chart you looked at will come

up.

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Click on the Tools Icon to change chart properties and set the time zone.

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To change symbols, click on the current symbol in the Symbol Box and delete it.

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Select the type of symbol you want to chart and start typing it in or select it from the drop-down menu.

You can limit the symbols that come up by selecting which exchange you are trading.

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To change intervals, just click on the interval drop-down menu.

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Available intervals are listed. If you are a Pro Subscriber, you can also set up custom intervals. “4

minutes” is a custom interval in the chart above.

Range bars are also available but Tick and Volume intervals are not available at this time.

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Adding Indicators to a Chart

To add indicators to a chart, click on the “Indicators” icon.

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This will bring up the indicator list. Click on any indicator to add it to your chart. Standard indicators

show up under “Built-ins.”

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Click on “Invite Only Scripts” to access DecisionBar.

Please Note:

The “Invite Only Scripts” menu item will only show up if you have been given access to at

least one Invite Only Script. If you signed up for DecisionBar and do not immediately have

access, please be patient. This is a manual process.

For more info, please go to:

https://getsatisfaction.com/tradingview/topics/decisionbar_for_tradingview

To add the DecisionBar Indicators to a chart, click on the name of each indicator once. Be sure to click

on them in the order you wish them to appear on the chart.

Note for previous subscribers: The DecisionBar Pivots and the DecisionBar Signals are now

combined into one indicator called DecisionBar Pivots and signals.

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To begin, click on the DecisionBar Pivots $ Signals. Give them a minute to calculate and they will

show up on your chart.

You can format the indicator and change style and colors by clicking on the “Format” Icon or by double-

clicking an element of the indicator.

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This will bring up the “Format Box.” (Your format box may look a bit different, as this quick-start was

done with a development version of DecisionBar.) Here you can set the Sensitivity, the Lookback

Period for the Traders Pivots, and select the “Use Body” option. Trader’s Pivots and the “Use Body”

option are discussed at the end of the quick-start.

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1) The Low Sensitivity and High Sensitivity should always be the same number. After years of

experimenting it turns out that equal values give optimum results.

2) Use higher Sensitivity Settings for more volatile markets and use lower Sensitivity Settings for less

volatile markets. The defaults is 35/35 which works for a market of average volatility. You can go as

high as 60/60 and higher for more volatile markets and 15/15 for less volatile markets.

You can use settings of 6/6 for scalping, but be prepared for a lot of signals.

Aside from the Sensitivity Settings, you can turn Secondary DecisionBars generated by Pivot

Adjustments on or off, set the number of previous pivots used to generate possible reversal signals at

previous pivot levels, and select the “Use Body” option.

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By clicking the “Style” Tab you can set how you would like DecisionBar signals displayed on the chart .

You can experiment on your own.

Please note that in desktop charting platforms there is a separate Pivot Indicator that just shows the

pivots. There is no such indicator in the TradingView platform. It is unnecessary and just causes

confusion.

In the DecisionBar Trading Manual there is an instruction not to use the Pivot Indicator with the

Strategy Indicator. TradingView subscribers should ignore this,

Since the Pivot Indicator is included in the combined Strategy Indicator in desktop charting platforms, it

would be redundant to add the Pivot Indicator. This is not the case with TradingView.

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You can now insert the DecisionBar Bias Bar and the appropriate DecisionBar Risk Oscillator by going

back to the “Indicators” menu item.

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You can resize the various sub-charts by clicking and dragging the sub-chart separators with your

mouse. You can also adjust the time and price scales by dragging them with your mouse.

You can go back historically on the chart by dragging the chart from left to right with your mouse.

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DecisionBar Stops

While many traders talk about “Trailing Stops,” very few traders know the right way to use them. The

DecisionBar Stop module includes automated trailing stops based on both a Fixed Distance and on the

Average True Range (ATR) of the instrument you are trading.

The Average True Range (ATR) is a measure of volatility. Essentially, True Range measures the length

of a bar including gaps up or down from the previous bar. Average True Range is an average of the

True Range of the individual bars over a specified period, usually 14, but you can enter whatever value

you wish. We suggest you always add the Average True Range Indicator to your charts so you can get

an idea of current volatility (but you may want to turn off the alerts). It is included with the Basic

indicators in TradingView.

In addition, the ATR stops have two modes: Regular (“Static”) stops and Dynamic Stops.

Regular (or “Static”) Stops use the ATR of the signal bar for all calculations. Regular Stops will take

you through a well-defined trade and allow your trade to survive periods of low volatility.

Dynamic Stops use the ATR of the previous bar for all calculations. This means your stops will

tighten faster, and the actual value of your Profit Threshold will decrease, if volatility decreases. By the

same token, your stops will tighten slower, and the actual value of your Profit Threshold will increase, if

volatility increases. (Note: Stops are never moved backward.)

The initial stop is calculated from the close of the signal bar. Subsequent stops are calculated from the

highs for long trades, and from the lows for short trades.

To set your stops you must enter:

1) Type of stop: “ATR” or “Fixed”

2) Direction of Trade: “Long” or “Short”

3) Entry Price (Note: Entry Price must be in decimal format (0.00). The stops will not work correctly if

the words open, close, high or low are entered, although some versions default to those words.)

4) Bar Number (BarN): Bars are counted from the current bar backwards. The current bar is Bar #0, the

last closed bar is bar #1. Etc.

5) If you chose ATR stops, you have to set Dynamic Stops to true (on) or false (off)

6) ATR Length – The default setting of 14 is standard.

If you are using ATR stops:

7) Initial_Stop_ATRs – The distance of your initial stop in ATRs.

8) Profit_Threshold_ATRs: How much profit your trade should show before you tighten your stops.

9) Tightened_Stop_ATRs: The distance of your tightened stop in ATRs.

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If you are using Fixed Stops:

10) Initial_Stop_Distance: The distance of your initial stop in points you are charting. Usually dollars

and cents. Forex Traders must enter the actual pip value, not the number of pips.

11) Profit_Threshold_Distance: How much profit your trade should show before you tighten your

stops.

12) Tightened_Stop_Distance: The distance of your tightened stop.

There is no magic formula for setting the various parameters. Each trading instrument is different, each

time interval is different, and each trader is different. The best way is to put them on a chart and see

how they perform.

The biggest mistakes most traders make is expecting profits that are too large and using stops that

are too narrow. Keep your expectation realistic. If you can survive flat and choppy markets, the

trending markets and big profits will take care of themselves.

Even if you are using fixed stops, before you enter a trade always take a look at the current value

of the ATR to make sure you are giving whatever you are trading enough “wiggle” room.

By the same token, if the market has been trading in a narrow range, and you feel the stop is too

close, you may want to widen the stop parameters to minimize the chance of your stop being

triggered once normal volatility returns.

Remember, the value of the ATR can be exaggerated following a fast move or gap, so evaluate the

risk of your trade before entering.

You’ll have to use tighter stops in Trading range markets so you can scalp a couple of points or a few

pips and stay in the game. Most traders constantly look for the home run and it is a deadly mistake. Try

setting the Initial Stop at 3 ATRs, with a Profit Threshold of 3.0 and Tightened Stop of 2.0 ATRs in

choppy markets. Again, remember that tighter stops will prematurely stop you out of big moves, so it is

up to you to evaluate the market and set realistic goals.

One type of stop is not better than the other type of stop, but each type of stop can outperform the other

in certain situations. You should experiment with each type of stops when learning to use the software.

Remember the key to setting stops is to evaluate your stop setting at the first bar of a trade and

each bar thereafter in terms of the actual money you are willing to risk and the actual volatility of

the instrument you are trading.

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Using DecisionBar Stops in TradingView

DecisionBar stops for TradingView are easy and intuitive to use.

I’ve removed all of the other indicators for clarity. First apply the DecisionBar Stops to the chart and

note the number at the top right. That is the Bar Number and is used to tell DecisionBar when you

entered your trade.

Let’s say we entered a Short trade on IBM at Bar circled. The current bar is Bar # 13185, so we would

have to count back to the entry bar to get the bar number, which can be kind of cumbersome.

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For that reason we included the option to put multiple labels on the chart to help you determine the entry

bar number. Just click on the Format icon and enter how many bars to put between labels. I have

chosen to put a label every 10 bars.

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Now it becomes pretty simple to determine that my entry bar number is 13141. Don’t worry! You can

remove the labels now that you know the bar number.

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We click on the format icon for DecisionBar Stops. Depending on the settings of the stops the last time

you use them, the chart might become scrunched up, but don’t worry about that, Just go to the info line

and click on the Format Icon.

Set the Type of Stop, in the case ATR, the Direction of the Trade, the Entry Price and the Entry Bar.

Also, unclick the “Enable Bar Number Labels” check box so the chart doesn’t become too cluttered. If

you don’t enter an entry price, the Stops will use the closing price of the Entry Bar. This is often

sufficient since, after the entry bar, the Stops uses the highs and lows of subsequent bars to calculate

stop placement. To start we’ll leave all of the parameters at default. Click OK.

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The stops will show up on your chart as dots which tell you where to place your stops for each bar.

When the price and the Stops converge, your stop has been triggered and you should exit your trade.

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The rest of this discussion was done with a previous version of the DecisionBar stops, and on an earlier

dated, but the discussion is just as valid. In this case we manually entered the Entry Price.

If you wanted to use Fixed Stops you would set Type of Stop to “Fixed.” Then you would set the 3

inputs on the bottom for the parameters you wish to use. In this case we have set the Initial Stop

Distance to 20, the Profit Threshold to 13, and Tightened Stop to 13.

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This means we will start with a $20 trailing stop. Once we have a profit of $13 we will tighten our stop

to a $13 point trailing stop.

Note how the Stops tightened when our profit threshold was reached.

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To give you an idea of how the stop evolve, we are going to go back a number of bars. Here we have

the Type of Stop set to ATR, the Entry Price set to 140, and the Entry Bar set to 13123 following a

DecisionBar Short Exhaustion signal.

We are starting with a trailing stop of 5 ATRs, and when we have a profit of 3 ATRs, we are tightening

our trailing stop to 4 ATRs.

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.

Please note that the stops will keep plotting once your stop has been triggered, so you should remove

them from the chart once your stop is hit. Also, note that the value of the Stop for any bar can be found

by placing your mouse or crosshairs over a specific bar and looking at the info line on the top left of the

chart.

For more information on trailing stops, Please see the DecisionBar Trading Manual.

One last note. You will see that there are a lot of numbers to the right of the info line on the top left side

of the chart. These indicate the setting and values of each indicator. There is no way to control them for

each indicator but, if you don’t need them, you can right-click on the chart and go to settings.

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Then click “Indicator Arguments” and “Indicator Values” on and off as desired.

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DecisionBar Alerts

The DecisionBar Pivots and Signals indicator now has signals specific alerts. These alerts have not been

fully tested, so don’t depend on them for your trading until you are fully confident they will alert you

when a signal is generated.

To access the alerts, click on the alert icon and then click Create alert:

When the alert box comes up, click on the symbol, and then choose DB_PS from the drops-down menu.

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Another drop-down menu will come up when you can choose the signals you want to be alerted to.

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In setting up your alerts we suggest you use the “Once Per Bar Close” option to start. DecisionBar for

TradingView does not have a “Warning Indicator,” however if you choose the “Once Per Bar” option,

the alert will function as the Warning Indicator functions in other platforms. It will alert you once the

conditions for a signal are met intra-bar, however those conditions may not be valid at bar close and an

official signal may not be generated.

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Finally, somethings you should know about TradingView alerts:

When you set up an alert on a chart:

1) The alert will only fire for the symbol and interval the alert was set up for.

2) It will continue to fire for that symbol and interval even if you change the symbol and interval on the

chart?

3) It will continue to fire even if you close TradingView down in the browser, so the only way to stop

the alerts from firing is to remove them from the chart or delete the chart. If you have the alerts set up to

send texts or emails, you will continue to receive them.

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New Features

(Please Note: The charts in this section were created with the MultiCharts Charting Platform.

We have added two new features to DecisionBar to help your trading. They are “Trader’s Pivots” and

“Use Body.”

1) “Traders Pivots” show the levels of the three most recent pivots above the current upper pivot,

and the levels of the three most recent pivots below the current lower pivot, which have occurred during

the “LookBack Period” set by the user. If there are not three pivots above or below the current pivot

during the look back period, however many are found will be shown. Trader’s Pivots are turned on and

off in the format window. The default is true (on).

Trader’s Pivots can help you determine the risk involved in taking Breakout and Breakdown signals.

They are likely to provide support and resistance, as well as have a “magnetic” effect that draws the

market towards the Trader’s Pivots.

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Here is a screen shot of the ES with the Trader’s Pivots applied (true). Note how the Trader’s Pivots

define the forces working against the Breakout, and also how prices are drawn to the pivot levels.

Remember, Trader’s Pivots are just guidelines. Like anything else, they work better on some

instruments and time intervals than others.

2) “Use Body” instructs DecisionBar to use the body of the candlestick instead of the highs and

low of each bar to calculate the pivots and signals. “Use Body” is turned on and off in the format

window. The default is false (off).

For those of you unfamiliar with Candle Stick charting, The body of a candlestick illustrates the

difference between the open and closing price. Its color (in this case, red for down and blue for up)

shows whether the day's (or week's or year's) market closed up or down.

The wicks (or shadows) point out the extreme low and the extreme high price for the instrument being

charted that period,

When “Use Body” is selected, the software ignores the “Shadows” (and the direction of the candlestick)

and just bases its calculations on the upper and lower price of the body of the candlestick. “Use Body”

can help filter out noise and manipulation by market makers and trading desks, and can be especially

useful when trading currencies.

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Bar-Chart Side by Side With Candlestick Chart.

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Chart Examples

Here is a chart with the DecisonBar Strategy applied at the default setting with “Use Body” set to false

(calculations are made using the high and low of each Bar).

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Here is the same chart with the DecisonBar Strategy applied at the default setting with “Use Body” set

to true (calculations are made using the upper and lower values of the body of each candlestick). Note

that the Breakdown signal occurs earlier. The downside is that you may have to filter more signals or

raise the sensitivity settings.

This concludes this tutorial.

You should now thoroughly read the DecisionBar Trader Trading Manual and then paper trade before

committing real money to get used to using the software.

Good Luck and Good Trading,

The Staff at DecisionBar Trading Software.