TradingView is your main tool for analysis: charts, indicators, price alerts, and watchlists. You’ll use it to decide what and when to buy or sell, while Wealthsimple is where you actually execute trades

6.1 Basic Chart Layout

Key elements on a TradingView chart:

• Timeframe selector (e.g., 1D for daily, 1W for weekly, 1H for hourly).
• Price chart (typically candlesticks).
• Volume bars at the bottom.
• Indicator panel(s) below or overlaid on price (e.g., RSI, MACD).

For your use in this book:

• Long-term investing: use daily, weekly, and monthly charts to see the big picture.
• Mid-term: focus on daily and weekly.
• Short-term trading: use intraday timeframes like 1H, 15m, 5m (later chapters).

6.3 Core Indicators (Keep It Simple)

You don’t need dozens of indicators to start. Three common tools:

• Moving Averages (MA/EMA)
  • Show the average price over a set period (e.g., 50-day, 200-day).
  • Help you see trend direction: is price mostly above or below the average?
• RSI (Relative Strength Index)
  • Momentum indicator that oscillates between 0–100.
  • Often watched for “overbought” (e.g., above 70) or “oversold” (e.g., below 30) conditions.

Your goal as a beginner is not to become an indicator expert. It is to:

• Use a few tools to see trend direction, strength, and possible exhaustion.
• Combine charts with fundamentals and your time horizon, not replace them.