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Namaste Tribe! A good price charting tool is something that is very close to my heart. A chart is where you can decode the sentiments of the market, and something crucial for any good trading platform. I’m happy to share that we’ve integrated not just TradingView chart, but also some advance chart trading into WazirX. It is, by far, the most advance charting tool for an avid trader. 💪
Advanced charting with TradingView
You can now take advantage of advance charting on WazirX. We have the most liquid INR markets in the world, and charting can help you predict premiums and discounts along the way. 😎 Soon, you will have access to advance indicators so that you can plot your trading strategies. We will continue adding more improvements in this area to enhance your chart predictions.
Chart trading
Another breakthrough feature and first-ever in India is chart trading. Well, our goal is to make your trading really easy. Just click on the chart where you want to place the order and price will be auto-filled. You will easily be able to see your open orders on the chart. If you want, you can easily cancel them too. Try out chart trading, and you will be blown away by the simplicity of how things work for you!
You can track your stop limit, limit order — everything on your chart visually.
Charting for professionals
You can choose from many available indicators to track price trends. There is one, in particular, I think you should definitely try! Don’t trade based on it yet, but try it out to understand price trends. It’s called Fibonacci retracement. You will find it under the left drawer.
Check out this guide to understand more about how to use Fibonacci retracement 👇
https://www.investopedia.com/terms/f/fibonacciretracement.asp
Key charting takeaways
- Limit orders marked as ‘L’, and Stop Limit marketed as ‘SL’
- Double-click on the chart to auto-fill price
- Track your buy and sell orders on the chart
- Cancel your orders right from the chart
- Plotlines and indicators for your trading strategy
Just like you, I’m super excited about this feature. We are working hard to get this on mobile as well such that its lightweight and high on performance.
Do share your feedback with me on Twitter, and tell me what you would like to see more in charting.
*Above content is migrated from medium to wazirx blogDisclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
