TradingView is a powerful technical analysis tool which is popular among traders, consisting of a candlestick chart showing the price trend, a depth chart, technical indicators, drawing tools and time intervals, etc. Bitunix has integrated TradingView in both spot and derivative trading, allowing users to analyze as their wishes.
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Trading Pair: Current trading pair
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Time Interval: You can select the time interval you need to analyze the price trend within a specified period, such as 1 minute, 5 minutes, 1 hour, and more.
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Indicators: You can select different indicators to analyze the price trend, such as bollinger bands, average price, moving average, etc.
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Chart Settings: You can change the colors, scales and appearance of the chart
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Drawing Tools
What is the candlestick chart?
A candlestick chart is a type of price chart used in technical analysis that displays the high, low, open, and closing prices of a security for a specific period. It is widely applicable to the technical analysis of stock, futures, precious metals, cryptocurrencies, etc.
The high, low, open, and closing prices are the four key data of a candlestick chart that show the overall price trend. Based on different time intervals, there are one-minute, one-hour, one-day, one-week, one-month, one-year candlestick charts and so on.
When the closing price is higher than the open price, the candlestick will be in red/white (supposing red for rise and green for fall, which can be different based on different customs), suggesting that the price is bullish; while the candlestick will be in green/black when the price comparison is the other way around, indicating a bearish price.
Take the candlestick chart of 2023-04-27 for example, in which red represents rise and green represents fall. The high, low, open and closing prices are marked in the picture below. Moreover, the specific four prices are also listed on the right of the trading pair.