It hasn’t been that long since TradingView introduced an upgrade of its proprietary trading platform, and the data-driven social network does it again. The company has just informed its users that substantial updates were released including the Trading Terminal 1.8 version, new indicators, an expanded API while refreshed trading windows among a number of useful features.
The first batch of changes concerns the Charting Library – more popular indicators were added and clients now have the ability to change how the date is displayed along with an added customization to navigation buttons.
Along with that, the online web based charting provider advertised the latest version of its platform dubbed ‘Trading Terminal 1.8’ which promises that it will bring greater transparency to trading plus a couple of new features.
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The variety of enhancements includes the Depth of Market widget (DOM) which gives traders a close-up view of market liquidity. This tool could be particularly useful for traders who need to see details of short-term price action, and those who need to open and close orders quickly, such as scalpers or those who trade news events.
The update also introduces a new design for the trade window which the firm claims to be more responsive and allows clients to place orders based on pips and calculate risk automatically.
Probably the most interesting feature in the revamped terminal is the new account panel which allows users to configure it so that they can have only what they need at their fingertips. And lastly, TradingView added some main windows (Object Tree, Chart Load, Chart Save, Indicators, Add/Compare Symbol) to help traders work comfortably from any device, including mobile.
A chart-based offering
TradingView is a data-driven community for nonprofessional investors which offers a comprehensive charting tool. The company’s approach differs from other social trading networks because it is chart-based with an emphasis on visuals to support investing and provides communal space to view and share trading ideas.
TradingView also has a web-store where users can purchase access to third-party tools. Also recently notable for TradingView is how it has been able to deliver access to a multitude of brokerages to its charting solutions through a new partnership with Tradeable.