Tradingview Alternatives

Charting tools and asset analysis represent a crucial prior step to opening a trade position in the market. In a volatile market like the cryptocurrency, traders can not dispense with chart analysis platforms. One appealing platform in this matter is Tradingview, but the most popular alternatives you should consider are:

• Altrady
• 3Commas
• WunderTrading
• Bitsgap
• Tradingview
• Coinigy

Instead of going into what each platform offers, this article provides a guide on why you should look closely at Altrady to boost your market analysis while managing positions simultaneously in a single trading interface to achieve more efficient trading strategies.

More Than An Alternative, An Integration: Altrady with Tradingview

Altrady is a multi-exchange trading platform optimized for cryptocurrency markets that allows traders and investors to use multiple advanced features to find an edge in front of the volatility and diverse challenges that the digital assets market may present.

This multi-exchange delivers a trading terminal that harnesses the analysis capabilities offered by Tradingview. Inside Altrady, traders find all the chart analysis instruments that can be found in the Tradingview web app. From chart drawing tools to plotting technical indicators, Altrady seamlessly integrates all the necessary elements to deliver a charting experience that fulfills all technical analysis prospects.

Furthermore, the multi-exchange can boost the technical analysis experience by adding other indispensable components to the crypto trading terminal. For example, the order book. This latter shows traders all the transactions taking action in real-time and those waiting for execution, whether on the buying or selling side.

The way the order book (OB) can help traders enhance the chart analysis boils down to the knowledge and creativity the technical analyst can put into practice to combine data from orders with the most relevant price zones spottable in the asset chart. For instance, when analyzing charts with order book data, analysts might face the following scenarios:

• Spotting potential key support/resistance levels that may be confirmed with the amounts of orders and their underlying quantities shown in the OB at determined prices.
• Employ technical indicators to gauge volatility according to the order sizes traded in the order book.
• Forecasting price reversal movements as the buy side overcomes the sell side in the OB, and conversely, while identifying divergences with an indicator such as the RSI.

Developing Strategies with Altrady and Tradingview Indicators

By using technical indicators in a single terminal powered by Tradingview, crypto traders and investors can develop or refine multiple strategies while leveraging other features from Altrady.

For example:

• When using the Quick Scanner that identifies rapidly rising and dropping markets, traders can employ a volume indicator to gain confidence in such movements. Typically, sharp rises or drops in the market occur alongside increasing volume.
• Traders can use Bollinger Bands or the Average True Range to spot ranges and volatile markets, which can be beneficial for traders looking for relevant price action levels set intervals in a grid strategy or when setting up the Grid Bot.
• Another case can be using the 200 moving average (MA), generally suitable for mid-term strategies like swing trading. This indicator can spot significant price levels in longer-trending markets.

Connecting Signal Bot to Tradingview

The Signal Bot can connect to Tradingview and, by running pine scripts, traders can use technical indicators as criteria to trigger signals for trading opportunities.

Essentially, the integration between Altrady and Tradingview can harness the benefits of market analysis and signals to open trading positions automatically. The custom signals from this bot allow operators to open new positions and adjust existing trades based on precise market conditions.

Two signal operations are available:

• Start/Stop Signals: Control the operational state of a Signal Bot.
• Position Signals: Manage trading positions by creating, modifying, or closing based on the Signal Bot’s analysis.

What More Does Altrady Offer to Traders And Investors

Beyond all the possibilities explored up to this point, we can still pinpoint some other attributes from Altrady that enhance similar features offered by Tradingview.

• Market Explorer: This is like counting on a built-in CoinMarketCap inside Altrady. It enables traders to explore meaningful data and information about crypto assets.
• Backtesting: Altrady allows traders to test advanced strategies against historical data with the prospect of using algorithms powered by quantitative approaches.
• Paper trading: Test strategies risk-free while harnessing real-time market data environments. By connecting to multiple exchanges, leverage demo accounts to refine spot and futures trading strategies.
• Portfolio Management: Manage several asset holdings across various subaccounts and interconnected exchanges, while tracking progress and growth by leaning on advanced analytics.
• Smart Trading: Improve trade management by protecting positions with advanced and automated stop-loss and take-profit orders with adjustable features like Protection, Stop-loss Cooldown, and Trailing.
• Risk-Reward Calculator: Automatically determine position sizes and calculate risk percentage per trade.

The Bottom Line

Tradingview is a popular charting tool for making market analysis and using indicators among other features like running pine scripts to tweak or create custom indicators. Altrady is a terminal that offers broader solutions for trading cryptocurrencies, automation and bots, and optimizing strategies. Both integrate an unparalleled symbiosis to approach crypto markets with advanced possibilities.

Conclusion

Altrady amplifies the usability of Tradingview as an alternative platform that traders and investors should not overlook. As exposed throughout this article, by using technical indicators from Tradingview with built-in components from Altrady, traders can bring together creative ways to analyze the market to make decisions about forthcoming trade ideas and significant opportunities.

Altrady is a crypto trading platform with multi-exchange integration features where beginners and professional investors manage assets across multiple accounts simultaneously, seizing algorithmic, automation, and bot functionalities. Sign up for a free trial account today.