Chart Settings: Building Your Trading Environment
Before you start trading, the first thing you need to decide is
"Where and how will I view my charts?"
Good tools don't make a good trader,
but a poor environment will definitely cloud your judgment.
Why Is Chart Environment Setup Important?
Many beginners underestimate the importance of choosing chart tools.
"Aren't they all pretty much the same?"
But when you're actually trading:
- Response speed: If your chart lags in a volatile market, you'll miss your timing
- Information density: How much information can you efficiently view on one screen
- Customization: How much can you adjust to match your trading style
- Alert features: Can you receive notifications at specific prices or conditions
These factors make a significant difference in the long run.
What This Section Covers
The Chart Settings section consists of the following documents:
- TradingView Setup
→ The most widely used chart platform, free/paid plan differences, basic setup - Exchange Chart Guide
→ Pros and cons of built-in charts from exchanges like Binance, Bybit - Cryptowatch Guide
→ Free charting tool by Kraken, advantages of multi-exchange support
Chart Platform Comparison Summary
| Platform | Pros | Cons | Best For |
|---|---|---|---|
| TradingView | Rich features, community, alerts | Free plan limitations | Most traders |
| Exchange Charts | Order integration, no delay | Limited features | Execution-focused traders |
| Cryptowatch | Free, multi-exchange | Slow updates | Multi-exchange monitoring |
Detailed setup guides for each platform are covered in the sub-documents.
Which Platform Should You Choose?
There's no definitive answer, but here are some general guidelines:
For Beginners
Start with the TradingView free plan.
- Most intuitive interface
- Abundant learning resources and community
- Familiarity maintained even when upgrading to paid
For Day Trading/Scalping
We recommend using exchange charts + TradingView together.
- Order execution on exchange charts (minimize delay)
- Analysis on TradingView (rich tools)
For Multi-Exchange Monitoring
Cryptowatch is useful.
- Compare prices from multiple exchanges on one screen
- Spot arbitrage opportunities
Common Setup Tips
Regardless of which platform you use, these settings are generally good to apply:
1. Use Dark Mode
Staring at charts for long periods can strain your eyes.
Most platforms support dark mode, so make sure to enable it.
2. Timeframe Favorites
Register frequently used timeframes (e.g., 15min, 1hour, 4hour, daily)
in your favorites for quicker switching.
3. Basic Indicator Setup
Don't add too many indicators at first.
- 1-2 moving averages (e.g., 20 EMA, 200 SMA)
- Volume
- RSI if needed
This is enough. Add more once you're comfortable.
4. Save Layout
Once you've finished setting up, save your layout.
You can recover it if settings are accidentally lost.
Recommended Learning Order
-
TradingView Setup
→ Start by learning the most versatile tool -
Exchange Chart Guide
→ Get familiar with charts on the exchanges where you'll actually trade -
Cryptowatch Guide
→ Add multi-exchange monitoring as needed
In Summary
Setting up your chart environment properly once
will bring continued convenience in your future trading.
"Investing time in your tools isn't a waste,
it's an investment in your future self."
Check the detailed setup guides for each platform below: