Tradeview Forex Scanner is a powerful tool that enables traders to scan the forex market for specific pairs that meet certain criteria. With the scanner, traders can filter out the noise and focus on the pairs that matter. This article will provide an in-depth guide on how to pick specific pairs in Tradeview Forex Scanner.
Step 1: Open Tradeview Forex Scanner
The first step is to open the Tradeview Forex Scanner. This can be done by logging into your Tradeview account and clicking on the “Scanner” tab on the left-hand side of the screen. Once you are on the scanner page, you can start configuring your filters.
Step 2: Choose the Trading Pair
The next step is to choose the trading pair you want to scan. This can be done by clicking on the “Trading Pair” drop-down menu and selecting the pair you want to scan. The scanner allows traders to scan all the major forex pairs such as EUR/USD, GBP/USD, USD/JPY, and more.
Step 3: Set the Timeframe
After selecting the trading pair, the next step is to set the timeframe. The scanner allows traders to scan different timeframes such as 5-minute, 15-minute, 1-hour, 4-hour, and daily. Traders can select the timeframe that matches their trading strategy.
Step 4: Choose the Indicator
The Tradeview Forex Scanner allows traders to scan the market based on different technical indicators such as moving averages, MACD, RSI, and more. Traders can choose the indicator that matches their trading strategy.
Step 5: Configure the Indicator Settings
Once you have selected the indicator, the next step is to configure the indicator settings. This involves setting the parameters such as the period, the type of moving average, and the color of the indicator. Traders can adjust these settings to match their trading strategy.
Step 6: Set the Buy/Sell Criteria
After configuring the indicator settings, the next step is to set the buy/sell criteria. This involves setting the conditions that must be met before entering a trade. For example, if you are using the MACD indicator, you can set the condition that the MACD line must cross above the signal line before entering a buy trade.
Step 7: Run the Scan
Once you have set the buy/sell criteria, the final step is to run the scan. The scanner will then scan the forex market for the specific pair and timeframe you have selected. The scanner will only show the pairs that meet the buy/sell criteria you have set.
Conclusion
In conclusion, using Tradeview Forex Scanner to pick specific pairs requires traders to follow a systematic approach. Traders need to select the trading pair, set the timeframe, choose the indicator, configure the indicator settings, set the buy/sell criteria, and run the scan. By following this approach, traders can filter out the noise and focus on the pairs that matter. This will help them make informed trading decisions and improve their chances of success in the forex market.
