My Three Comrades: the Chart, the Screener, and the Watchlist

21 dic 2022

Today we will continue to explore the fascinating world of stock investing. And TradingView will help us with that. I sincerely recommend making friends with this platform, as I haven't found anything more convenient to implement my strategy yet.

After you have registered on the site, move to the main menu "Products" > "Chart+". This is where you'll spend most of your time with the platform.

What opportunities are in front of you:
- Find companies to invest in;
- Make a fundamental analysis of the companies;
- Make a technical analysis of stock charts;
- Receive alerts on the buy or sell price of a stock that is right for you.

So, let's break down each item. How to search for stocks on TradingView?

Hopefully, you've already entered the "Chart+" section. In the upper left corner is a line to enter the ticker of the stock. If you don't know the ticker, just enter the first letters of the company name: the system will find the ticker that corresponds to that company on its own. However, keep in mind that stocks of the same company may be traded on different exchanges from different countries, so sometimes one company may have several tickers.

As an example, let's enter the name "Tesla" in the search bar to open a chart of their stock. As we can see, the system tells us that Tesla is traded on NASDAQ and some exchanges in other countries.



To the right of the search bar is a button with a choice of time frame. You can try different time frames, but for me the most important is the time frame of 1 day (i.e. one candle shows the price change for 1 day).



So, the way of selecting a company via the search bar is convenient when you know at least its name. But there are thousands of companies listed on the stock exchange, and it is impossible to know the name of every company. In this case, the "Stock Screener" will help us. It is located in the lower left corner. Clicking on the Screener will open a list of stocks, filtered according to the parameters you set (you can customize the parameters by clicking on the bright blue button "Filters" on the right).

Let's go to filters and configure the parameters we need. First of all, let's select the country - (for example), the USA. In the second turn, on the tab with general parameters, let's choose the instrument type - common stocks, and let's choose the exchanges - NYSE, NASDAQ, and one more American exchange - NYSE ARCA. Now we have a list of all stocks, which are traded on the exchanges that we have chosen.



What we are interested in, we can add to the "Watchlist". This is the first (top) button in the menu on the right. Just right-click on the ticker from the screener and select "Add to Watchlist". The same can be done by right-clicking on a chart. Switching between the tickers in the Watchlist you will consequently switch between the charts.



So, we have figured out how to find the shares of a company. In the next post, let's see what we have in terms of fundamental analysis of companies.