How to Mirror a TradingView Chart: A Complete Guide for Traders
In the fast-paced world of trading, every advantage counts. Whether you’re managing a forex portfolio, diving into cryptocurrency, or exploring the world of stocks, having the right tools can make all the difference. If youre using TradingView, one of the most popular charting platforms for traders, you might have heard about mirroring charts—but what does this really mean, and why should you care?
In this guide, we’ll break down everything you need to know about mirroring a TradingView chart, how it can enhance your trading strategy, and why this simple feature can help you keep an edge in the markets.
What Does it Mean to Mirror a Chart on TradingView?
Mirroring a TradingView chart is exactly what it sounds like—essentially flipping the chart so that the price action appears in reverse. This can be particularly useful when youre analyzing trends from different perspectives, comparing two assets, or simply want to visualize price movements in a different way.
For example, if youre trading a currency pair in forex, mirroring the chart might help you see the inverse relationship between two currencies. This is also incredibly useful in a range of trading situations, such as when you want to better understand market reversals, test trading strategies, or simply analyze a market’s reaction in reverse.
Why Would a Trader Want to Mirror a Chart?
Mirroring charts is not just a fun trick to play with your charts—it’s a strategy that many traders use to improve their decision-making. Here’s why:
1. Inversely Trading Markets
If youre trading a market where two assets have an inverse relationship—like gold and the US dollar, or the EUR/USD pair—mirroring a chart helps you see the opposite trend. By reversing the chart, you get a visual of how the inverse moves. This way, you can adjust your trading strategy and think more strategically about price movements in opposing markets.
2. Analyzing Reversals More Effectively
Whether you trade stocks, crypto, or commodities, reversals are key patterns that can determine your next big move. By mirroring the chart, you can examine price action from the opposite angle, potentially giving you new insights into trend reversal points and entry/exit strategies.
3. Improved Strategy Testing
Traders often test strategies using historical price data. By flipping the chart, you can simulate how your strategy might perform under different market conditions. This is especially useful when backtesting and refining your approach, as it allows you to see how it would have held up if the market behaved in reverse.
4. Comparing Multiple Assets at Once
If you trade across multiple asset classes—stocks, forex, cryptocurrencies, or indices—mirroring charts can help you compare different markets and their behaviors. Whether you’re trading futures or options, analyzing multiple assets simultaneously allows for faster decision-making and more informed trades.
How to Mirror a TradingView Chart
While the process of mirroring a chart may seem like a complex feature, it’s surprisingly simple on TradingView. Heres a quick rundown on how you can do it:
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Open your Chart: Once you’ve logged into your TradingView account, open the chart you want to mirror.
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Flip the Chart: Depending on your preferences and platform, there are several ways to mirror your chart. You can use the built-in chart settings to flip the price axis, reversing the chart. While the steps may vary slightly depending on updates or interface changes, most users will find this under the chart options or in the main settings area.
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