TradingView is the largest technical analysis platform in the trading space. Beginners can take advantage of TradingView's extensive functionality which includes more than 100 indicators for the best analysis of asset price behavior in addition to testing trading strategies. The platform also allows advanced users to create custom indicators and signals.Set up TradingView
You connect your bot to one or more TradingView indicators of your choice, and the bot will automatically receive alerts and open trades accordingly.
TradingView includes many tools which can be used as a base for the signals. The signals themselves can be one-time or repetitive (“everytime”).
An example of a one-time signal use would be opening a trade at a breakout/retest of the resistance level.
The chart below displays the BNBUSDT trading pair on Binance and the formed flat triangle is indicating an upcoming breakout. Entering at a breakout is typically not the best strategy whereas buying at a retest is the “choice of champions”. To buy at a retest, we use the "down-crossing" condition on TradingView and wait for a retest of the blue resistance line, which turns into support upon breakout.
Repeating signals can be used to increase a position at a dynamic support level when the asset price's value changes over time.
For example, in the chart below you can see the formation of a triangle and you can choose to add to your position each time a candle touches the white resistance line. This will allow you to place a tight stop-loss and maximize the profit ratio and minimize possible losses.
After you set everything up your 3Commas bot will start receiving signals from TradingView and if done properly, the profits will follow.
Open the DCA bots tab and create a new bot. At the "Trade Start Condition" stage, select "TradingView Custom Signals"
Go to the bot viewing page and find "Message for Deal Start Signal" and "Message to close order at Market Price"
Open the "Alerts" tab, find and check the "Webhook URL" checkbox and enter the URL: https://3commas.io/trade_signal/trading_view
Create a TradingView notification to initiate a trade. To do so, paste the "Message for Deal Start Signal" setting from step 2 into the "Message" field
Now that you have created a signal to start a trade with your bot, you now should create a signal to tell the bot when to close the trade. To do this, create another TradingView notification and this time it will close your open trade via the Close Order Signal. Repeat steps 3 and 4 but this time, paste the "Message for to close order at Market Price” setting from step 2 into the "Message" field