How to Invert Chart in Forex TradingView

Forex traders are continually looking for ways to enhance their analysis and gain deeper insights into the markets. One useful feature available on TradingView, a popular online charting platform, is the ability to invert the chart. Inverting the chart can provide traders with a fresh perspective and aid in identifying potential trading opportunities that may have been otherwise overlooked. This article will guide you through the process of inverting a chart on TradingView, helping you unlock a valuable analytical tool in your forex trading strategy.

Step-by-Step Guide:

1. Sign in to your TradingView account or create a new account if you don't have one already.
2. Once you are logged in, click on the "Chart" tab located at the top of the TradingView platform.
3. Select your desired forex pair from the list of available symbols, or search for it using the search bar.
4. After the chart is displayed, locate the "Settings" icon which looks like a gear or cogwheel. It is usually found near the top-right corner of the charting interface.
5. Click on the "Settings" icon to open the chart settings menu.
6. Within the settings menu, look for the "Scale" section and find the "Invert Scale" option.
7. Enable the "Invert Scale" option by clicking on the toggle switch next to it.
8. Once the option is enabled, you will notice that the chart is now inverted, with the price moving downwards instead of upwards. The chart's y-axis will also be labeled accordingly to reflect the inversion.
9. You can further customize the inverted chart by adjusting other settings such as indicators, timeframes, and drawing tools according to your trading strategy.

With the chart successfully inverted, you can now analyze the forex market from a different perspective. As price movements are reversed, patterns and trends that were previously hidden may become more apparent. Traders often use this feature to identify support and resistance levels, examine price action, or perform technical analysis in a unique manner.

It is important to note that while inverting the chart can bring new insights, it does not change the actual price or historical data; it merely alters the visual representation to aid in analysis. Therefore, it is advisable to combine this feature with other technical indicators and fundamental analysis to make informed trading decisions.

In conclusion, tradingview's ability to invert charts is a valuable tool to add to your forex trading arsenal. By incorporating this feature into your analysis, you can potentially uncover new trading opportunities and gain a deeper understanding of market dynamics. Remember to experiment with different settings and indicators to refine your trading strategy and enhance your overall trading experience.