How to Use Price Action Strategies with TradingView

Price action trading has become one of the most popular approaches among traders who prefer a clean chart and deep understanding of market psychology. By focusing solely on price movements and ignoring lagging indicators, price action provides a direct insight into how buyers and sellers behave in real time.

In this article, you will learn how to effectively apply price action strategies using TradingView, the world’s most widely used charting platform. Whether you are a beginner or looking to refine your current setup, this guide will help you make smarter decisions using up-to-date tools and methods.

 

What Is Price Action Trading?

Price action trading is a strategy that involves reading market movements solely through price charts, without relying on traditional indicators like RSI or MACD. Traders analyze patterns such as pin bars, inside bars, breakouts, and support/resistance zones to predict future price behavior.

This method is especially effective in volatile markets like forex, gold, and indices, where clean setups and fast reactions are vital.

 

Why Use TradingView for Price Action?

TradingView has emerged as a top platform for chart-based trading, and it's particularly well-suited for price action traders. Its user-friendly interface, high-quality charting tools, and large community of analysts make it ideal for spotting setups and sharing ideas.

Key advantages of TradingView for price action trading:

•         Real-time price data: Offers fast and reliable quotes for various markets, including forex, crypto, commodities, and indices.

•         Clean interface: Allows you to remove all indicators and focus purely on candlestick movements.

•         Custom drawing tools: You can mark key zones, draw trendlines, or highlight chart patterns easily.

•         Multi-timeframe analysis: Quickly switch between timeframes (e.g., 1H, 4H, Daily) to confirm your setup.

•         Community scripts and ideas: Thousands of users share live analysis, which helps in cross-verifying your strategies.

 

Essential Price Action Tools on TradingView

To trade price action effectively on TradingView, you should master the following tools:

•         Trendline tool: Perfect for identifying dynamic support and resistance or breakout patterns.

•         Horizontal ray & line: Use these to mark key price levels (support/resistance).

•         Brush & rectangle tools: Highlight supply and demand zones or consolidation areas.

•         Bar replay feature: Practice reading price action by replaying past market movements.

•         Multi-chart view: Compare related pairs or assets side by side for correlation insights.

These tools make TradingView not only a viewing platform but also an interactive decision-making environment.

 

Top Price Action Strategies to Try on TradingView

While there are dozens of variations, here are some of the most effective and widely used price action setups you can test:

 

• Pin Bar Reversal

A pin bar indicates rejection of the price at a certain level. Look for long wicks that suggest strong reversals. Combine this with a clear support or resistance zone for higher probability trades.

 

• Inside Bar Breakout

An inside bar reflects consolidation. When the price breaks out of this formation, it often leads to strong directional moves. Use TradingView alerts to catch these moments.

 

• Support and Resistance Re-tests

After a breakout, the price often comes back to re-test the broken level. If that level holds as new support or resistance, it’s a great signal to enter the trade.

 

• Breakout with Volume

Although price action usually avoids indicators, monitoring volume can enhance confirmation. TradingView provides volume bars below each candle, helping you see how strong a move truly is.

 

How to Avoid False Signals on TradingView

Not every pattern results in a winning trade. Here's how to filter noise:

•         Use confluence: Look for multiple signals pointing in the same direction (e.g., pin bar + support zone).

•         Check higher timeframes: A bullish setup on 1-hour is stronger if it aligns with the daily trend.

•         Avoid low-volume hours: Sessions like the overlap between London and New York are generally more reliable.

•         Use alerts and bar replay: TradingView allows you to test setups without risking real money.

 

Can Beginners Use Price Action on TradingView?

Absolutely. While it takes some screen time to build intuition, TradingView’s visual tools make it easier than ever to learn. Beginners can:

•         Start by drawing basic support and resistance.

•         Watch how candles behave at key levels.

•         Follow other traders’ price action ideas in the TradingView community section.

•         Use demo accounts to practice without financial risk.

Many professional traders today started with simple price action on platforms like TradingView.

 

Smartt Integration with Price Action Trading

Although SMARTT currently offers automated trading focused mainly on gold, its approach is built upon the same core principles of smart market behavior and precise entry timing—something price action traders value deeply.

SMARTT analyzes daily price trends across various assets and applies strategies similar to price action, eliminating emotional decisions and technical overload. If you prefer automation but still want strategies that mimic real human analysis, SMARTT offers the best of both worlds.

Whether you're a price action purist or looking for hands-off profitability, SMARTT can be installed on MT5 and used alongside any price action setups you spot on TradingView.

You can learn more on our homepage or reach out through our contact us page.