TradingView Algo Trading

You can deploy complex algos using TradingView’s simple web charts. The best part is that it requires zero programming knowledge. Simple or sophisticated derivative algos can be deployed in simple English using TV Alerts.

UPDATE: APIBridge has been reviewed as World’s Most Powerful ALGO System in world’s finest charting platform of TradingView. You can see comparison here for similar products across the World: https://www.tradersdestination.com/tda-algo-platform

How It Works

If you want to visually understand the process, check the youtube video here: https://www.youtube.com/watch?v=asX-4mSzqNQ

Add APIBridge Extn for Google Chrome Webstore (click here for official link). You will see the grey alpha icon. This extension works only in tradingview.com website. When you open tradingview.com, the icon turns red.

This section required background reading about APIBridge Documentation.

APIBridge Settings

Under Symbol Settings, fill all relevant columns (do not leave blank OrdType, Quantity etc). Also, you should carefully review Signal Settings and Risk Management before starting to trade. It is prudent to first practice in Paper Trading before placing live orders.

On TradingView charts, you can place trades for strategy in which you can create alerts. When you click extension icon on tradingview chart, it will turn green. You will also see message in Bridge about connection with TradingView.

After settings the conditions for alert, scroll down and use Message box to configure your algo. In the message box, you can type signal details like Symbol, Type, Price etc.

Once the alert conditions are triggered, the TV Connector pushes Signal in Bridge, which places buy/sell orders.

A note on TradingView Alert message format

In the alert message box, you can define the following, each on a new line. All constants such as SYMBOL/TYPE should not be misspelled.

SYMBOL: (Optional. Provide here your own symbol which also needs to be provided in Bridge in Symbol Settings)

TYPE: (Mandatory. Should be either LE, LX, SE or SX)

PRICE: (optional)

TRIG: (optional)

SL: (optional)

TGT: (optional)

STAG: (optional)

Example 1: Sending Market order through alert for Long Entry. 

Copy following values in alert:

SYMBOL: SBIN

TYPE: LE

In APIBridge, enter following values:

Example 2: Sending Limit order through alert for Long Exit.

Copy following values in alert:

TYPE: LE

PRICE: 310

(If you do not know price, put day low to get order filled)

In APIBridge, enter following values:

Example 3: Sending SLL Order through alert

TYPE: LE

PRICE: 310

TRIG: 305

(TRIG is used for trigger price, and PRICE is used for limit price in SLL order)

Example 4: Sending SLM Order through alert

TYPE: LE

TRIG: 305

Example 5: Sending Cover Order through alert

TYPE: LE

PRICE: 310

SL: 5

Example 6: Sending Bracket Order through alert

TYPE: LE

PRICE: 310

SL: 5

TGT: 10

Example 7: Buying Call Option based on Spot Index

SYMBOL: NIFTYCALL

TYPE: LE

Example 8: Entering fresh Long position and exiting previous Short

SYMBOL: NIFTYCALL

TYPE: LE,SX

Example 9: Creating Options Straddle based on Index Sell signal

(put entire text below in same message box)

SYMBOL: NIFTYCALL

TYPE: LE

SYMBOL: NIFTYPUT

TYPE: LE

Example 10: Create Call Butterfly Spread based on Index Buy signal

(put entire text below in same message)

SYMBOL: NIFTYCALLA

TYPE: LE

SYMBOL: NIFTYPUT

TYPE: LE

SYMBOL: NIFTYCALLB

TYPE: SE