How to Use TradingView Tools in Binance: Finding Drawing Tools and Indicators
Binance web and app feature embedded TradingView charts. This guide shows you where to find drawing tools and the technical indicator library.
The candlestick charts on Binance are essentially an embedded version of TradingView. To start, log in to the Binance website, or use the Binance official app (see the iOS installation tutorial if needed).
Features of the Embedded TradingView
The Binance K-line charts include:
- 30+ built-in indicators
- Trend lines, parallel channels, and Fibonacci retracement
- Multiple chart types (Bar, Candle, Heikin Ashi)
- Timeframe switching
- Price alerts
While it has fewer features than the full version of TradingView, it is more than sufficient for daily trading.
Drawing Tools
Drawing tools are located on the left sidebar or at the top of the K-line chart.
| Tool | Purpose |
|---|---|
| Trend Line | Drawing support/resistance lines |
| Horizontal Line | Marking key price levels |
| Parallel Channel | Identifying ascending/descending channels |
| Fibonacci Retracement | Finding golden ratio levels |
| Rectangle | Highlighting consolidation ranges |
| Text | Adding annotations |
| Arrow | Marking entry points |
| Delete | Clearing drawings |
Drawing Support and Resistance Lines
The most common technique:
- Select the Trend Line tool.
- Click on two highs or two lows.
- The system will automatically extend the line to the right.
Support: A line connecting a series of lows where the price tends to bottom out. Resistance: A line connecting a series of highs that limit upward movement.
A line's validity depends on:
- Touch points: More touches mean a stronger level.
- Time span: Longer durations increase significance.
- Proximity: How close the price is to the level currently.
Fibonacci Retracement
A tool used to judge potential reversal points:
- Select the Fibonacci tool.
- Drag from a low to a high (in an uptrend) or vice versa.
- The system automatically plots key levels: 0.236, 0.382, 0.5, 0.618, and 0.786.
Classic theory suggests that retracements to 0.382 or 0.618 often act as strong support or resistance.
Adding Indicators
Click the "Indicators" button (the fx icon) at the top of the chart → select your indicator → add it.
Commonly used built-in indicators on Binance:
- MA / EMA (Moving Averages)
- BOLL (Bollinger Bands)
- RSI (Relative Strength Index)
- MACD (Moving Average Convergence Divergence)
- KDJ
- Volume
- OBV (On-Balance Volume)
Each indicator has default parameters that can be customized.
Indicator Combinations
For beginners, a basic combination is recommended:
- Main Chart: EMA20 + EMA50 (Trend identification)
- Sub-chart: RSI (Overbought/Oversold levels)
- Sub-chart: MACD (Crossover signals)
Avoid cluttering your chart with too many indicators. Using fewer than three is usually the most effective strategy.
Multi-Chart Layouts
Desktop browsers allow for multiple windows (one chart per Binance trading tab).
Alternatively, you can open BTC, ETH, and SOL in separate browser tabs to monitor them simultaneously.
Advanced TradingView
The version on Binance is embedded and somewhat limited. For deep analysis, we recommend:
- Registering an account at tradingview.com.
- Upgrading to a Pro/Premium subscription.
- Using Binance data streams within the full-featured TradingView platform.
This costs a few dozen dollars per month but is worth it for heavy traders.
Mobile Experience
The Binance app uses a simplified version of TradingView. Features include:
- Timeframe switching
- Mainstream indicators
- Basic drawing tools
- Full-screen mode
Please note that it does not support custom scripts (Pine Script).
Price Alerts
There is an "Alert" button in the top right corner of the chart:
- Set a trigger price.
- Choose a trigger condition (price crossing up/down).
- Select a notification method (Push / Email / SMS).
Alerts are often more efficient than placing conditional orders because they notify you without automatically executing a trade.
Themes
The charts support both dark and light modes:
- Web: Chart Settings → Theme
- App: Usually follows the system-wide setting.
Dark mode is highly recommended to reduce eye strain during long sessions.
Customizing Indicator Parameters
Take RSI as an example:
- The default is a 14-period.
- Short-term traders might change it to 9 periods for more sensitivity.
- Long-term traders might use 21 periods for more stability.
Adjust these via the "Settings" icon next to the indicator name.
Saving Chart Configurations
To ensure your drawings and indicators are there next time:
- Web: Log in to your account, and configurations will sync automatically.
- App: Saved locally on the device.
Cross-device syncing requires being logged into the same account.
FAQ
Q: Can I use TradingView scripts? A: No, the embedded version doesn't support them. You need the full version on TradingView's own website.
Q: How do I change the font size of the indicator numbers? A: Go to Chart Settings → Scales.
Q: Why did my drawings disappear? A: You might have switched trading pairs. Drawings are saved independently for each pair.
Q: Can I share a screenshot of the chart? A: Yes, use the "Share" icon in the top right or take a standard screenshot.
Q: Which indicator is best for beginners? A: The EMA + RSI combination is the easiest to learn and use effectively.
Further Reading
The built-in TradingView on Binance is sufficient for most traders. Mastering the tools you have is often more effective than constantly switching to new ones.