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Setup TradingView
This section will cover how to set up and configure your TradingView chart to display the ScaleTrade algorithm.
Before following the steps below, please sync your TradingView account in the Discord Server such that you have access to the algorithm. These steps are also covered in a video format on the Connect to TradingView page of the documentation. Please refer to that page if you have any trouble following the steps below.
Once signed up and logged into TradingView, you will be brought to a page similar to Figure 1.
Figure 1
We are first going to navigate to the charts so that we can configure them. At the top there is a search bar, click on it and type in AAPL (any security will work however we will be using Apple (AAPL) for this example). Your page should now look like Figure 2.
Figure 2
After hitting enter, it will direct you to the charting page covered in the next portion of this section.
Once completing the steps in the prior section, you will be directed to the charting tab that will look similar to Figure 3.
Figure 3
We will now be adding the ScaleTrade script to the chart. Please note that if you have not linked your account via the Discord server do not continue and link it before proceeding. For more information visit Set up ScaleTrade. At the top of the panel there is a tab labeled Indicators. Click it and it should open a box containing several tabs. Navigate to Invite-only scripts and you should see a screen with a script labeled Scale Trade v
. After selecting it your screen should now look like Figure 4.
Figure 4
You can now close out of the panel and proceed to the next section.
In this section we will cover how to configure the Chart Resolution to the proper value. The following example will demonstrate how to change your time resolution from the Daily resolution to the 30-minute. After following the prior steps, your chart should now look like Figure 5.
NOTE: ScaleTrade's algorithm V1.6 is currently optimized for the 5-minute resolution, so make sure to use the 5-minute resolution for V1.5 of the algorithm.
Figure 5
At the top navigation bar there is a value denoting the resolution of the chart. It will be defaulted to D standing for Daily. After clicking on this box, a drop-down will appear containing all the available chart resolutions show in Figure 6.
Figure 6
Select the option labeled 30 minutes. The tab will automatically close and update to the 30 minute resolution. You chart will now look similar to Figure 7.
Figure 7
ScaleTrade’s algorithm draws candles outside of TradingView’s chart to give the algorithm a cleaner look. This means we have to disable TradingView’s default candle plot such that they do not override the algorithm’s. To do so, we first navigate to the Chart Settings tab in the top right of the navigation bar (the gear icon). Once selected it will open up the following panel shown in Figure 8.
Figure 8
If not opened by default, move to the Symbol tab. We now want to uncheck the following boxes Body, Borders, Wick, and Last price line. After doing so, the default visuals provided by TradingView should be disabled and your panel should look like Figure 9.
Figure 9
You can now close out of the panel and proceed to the next section.
After completing the prior steps, your chart should now look like Figure 10.
Figure 10
We are now going to remove the blue, red, and pink arrows from the chart as they show the backtesting trades taken place. Since the algorithm does mark where the buy/sell/close positions occur, these arrows are not necessary.
To remove these arrows, first navigate to the algorithm's setting page. This is done by hovering over the ScaleTrade v
tab on the chart located in the top left of the screen as shown in Figure 11.
Figure 11
Click on the gear to open the settings page. The Inputs tab should now appear (note this will be covered in a later section) and should look similar to Figure 12.
Figure 12
Navigate to the Style tab as shown in Figure 13.
Figure 13
Uncheck the box labeled Trades on chart so that the Style tab is identical to Figure 14.
Figure 14
After completing all of the steps mentioned above, your chart should now look similar to Figure 15.
Figure 15
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