Deriv TradingView Platform

After years of mastering forex and synthetic markets, I’ve discovered that Deriv offers traders unique pathways to access different markets.

While MetaTrader 5 remains the go-to platform for trading Deriv’s exclusive synthetic indices like Boom and Crash, I’m excited to share insights about another powerful option within the Deriv ecosystem – the Deriv TradingView platform.

As a dedicated member of our trading community, I’ve seen how this alternative platform has opened new possibilities for traders who prefer TradingView’s advanced analytical capabilities.

Whether transitioning from MT5 or exploring Deriv’s offerings for the first time, having this platform choice is invaluable.

Together, let’s dive into the comprehensive tools and features that make Deriv TradingView a compelling option for our trading journey.

DERIV TRADINGVIEW PLATFORM

Deriv TradingView is a standalone trading platform developed by Deriv, offering traders an alternative to MetaTrader 5.

This platform integrates advanced charting capabilities with seamless trading functionality within a single interface.

One unique function is that it supports synthetic indices like Boom and Crash; it provides traders with access to other financial markets including forex and commodities.

It’s specifically designed for traders who prefer TradingView’s analytical tools and user-friendly charting experience.

Kindly, see how to link Deriv to Tradingview.

HOW TO USE DERIV ON TRADINGVIEW

This is how to use Deriv on tradingView:

• Go to charts deriv, (You will see  deriv in-built trading view chart with all its tools and features)

ON THE CHART LEFT SIDE BAR

• you will find all tools, crosshair, trend line, Fibonacci, and more

UPPER LEFT

• you will find options to change data display from candles to line chart and more
• indicators category
• Timeframe and symbol selection
• Symbol search

UPPER RIGHT

Layout setup

Save option

Quick search

Chart Settings

Full-screen mode

Take a snapshot

On the very top by the right you will find the option to change to a dark or light background.

VOLATILITY 75 INDEX BINARY TRADINGVIEW

Understanding Volatility 75 Index (V75) on Deriv TradingView:

As a synthetic trader specializing in volatility indices, I’ve found the Volatility 75 Index (V75) to be one of Deriv’s most fascinating offerings.

It’s crucial to understand that this synthetic index differs significantly from the VIX (S&P 500’s Volatility Index).

While the VIX measures market fear in traditional markets, Deriv’s V75 is a synthetic index designed with a constant 75% volatility level, making it a unique instrument for traders seeking consistent volatility conditions.

The V75 exhibits several distinctive features:

Maintains a constant 75% volatility level

Generates new price ticks every 2 seconds

Available 24/7, immune to real-market interruptions

Accessible on both MT5 and Deriv TradingView platforms

Based on simulated market movements using proprietary algorithms

 Trading V75 on Deriv TradingView

When trading V75 on Deriv TradingView, you’ll notice several key advantages:

 Advanced Charting Features

 Multiple timeframe analysis from 1-second to monthly views

 Real-time tick data updates every 2 seconds

 Customizable technical indicators optimized for high volatility

 Clear price action visualization tools.

RISK MANAGEMENT CONSIDERATIONS

1. Position Sizing

    Start with smaller positions due to high volatility

    Use proper risk calculation based on account size

    Implement strict stop-loss rules

2. Trading Windows

   Monitor peak volatility periods

   Identify optimal entry and exit points

 Trading Strategies for V75 (Scalping Approach)

 Utilize 1-minute to 5-minute timeframes

 Focus on quick entries and exits

 Monitor price action patterns

 Swing Trading Method

 Analyze higher timeframes (15M, 1H, 4H)

 Look for trend continuation patterns

 Implement stop-loss levels in context to account size and risk management

Technical Analysis Tools

1. Essential Indicators

    Moving Averages (Fast and Slow)

    RSI for overbought/oversold conditions

    MACD for trend direction

   Bollinger Bands for volatility measurement

2. Chart Patterns Formations

    Double tops and bottoms 

    Support and resistance levels

    M and W breakout formations and confirmations

Platform-Specific Features

When trading V75 on Deriv TradingView, take advantage of:

One-click trading execution

 Advanced charting tools

 Real-time market depth

 Important Considerations

1. The constant 75% volatility means rapid price movements

2. Higher volatility requires stricter risk management

3. Proper position sizing is essential

 Differences from VIX

It’s crucial to understand that V75 differs from the VIX in several ways:

 V75 has constant volatility vs VIX’s variable volatility

 V75 is tradable 24/7 unlike VIX

 V75 is synthetic while VIX tracks real market fear

 V75 ticks every 2 seconds, providing more opportunities

CAN YOU TRADE DIRECTLY ON DERIV TRADINGVIEW

As of now, our trading community needs to understand that Deriv TradingView serves primarily as an analytical tool.

While the platform offers robust charting capabilities and advanced technical analysis features, direct trade execution is not currently available within the platform itself.

What You Can Do on Deriv TradingView:

 Perform detailed technical analysis

 Access advanced charting tools

 Use multiple timeframe analysis

 Apply various technical indicators

 Draw trendlines and use other analytical tools

 Monitor market movements in real-time

 What You Cannot Do:

 Execute trades directly from the platform

 Place pending orders

 Modify existing positions

 Set stop-loss or take-profit orders

 Manage open trades

 Alternative for Trade Execution

For actual trade execution, traders need to:

1. Use the Deriv MT5 platform for trading

2. Utilize Deriv’s main platform (Deriv.com)

3. Access DTrader or DBot for trading activities

 Best Practice Workflow

1. Conduct your analysis on Deriv TradingView

2. Switch to your preferred Deriv trading platform (MT5 or others)

3. Execute trades based on your TradingView analysis

4. Monitor positions through your chosen trading platform

This limitation means traders need to maintain both platforms open – Deriv TradingView for analysis and another Deriv platform for actual trading execution.

CAN TRADINGVIEW BE USED FOR DAY TRADING

TradingView remains a powerful tool for day traders due to its robust analytical features:

Strengths for Day Traders

1. Superior Charting Capabilities

   Multiple chart layouts

   Advanced technical indicators

   Clean, professional interface

    Real-time price updates

    Multiple timeframe analysis

• Analysis Tools

    Drawing tools for trend lines

    Support/resistance marking

    Pattern recognition tools

    Volume analysis features

    Price action analysis tools

• Community Benefits

    Access to trading ideas

    Shared chart analysis

    Community indicators

    Expert insights

    Trading strategies discussion

 Limitations to Consider

 Workflow Challenges

 Need to switch between platforms (paid version offers trade execution)

 Potential delay in execution

 Extra steps in trading process

 Multiple platform management

SOLUTIONS

1. Organize workspace efficiently

2. Use keyboard shortcuts

3. Maintain organized chart layouts

4. Practice platform switching

5. Develop a systematic routine

Why Traders Still Choose TradingView

Key Advantages

1. Superior Analysis Tools

   Better visualization

   More indicator options

   Cleaner interface

    Enhanced customization

1. Community Features

    Learning opportunities

    Strategy sharing

    Market Insights

    Peer feedback

• Reliability

    Stable platform

    Consistent performance

    Regular updates

    Quality data feeds

 Best Practices for Day Traders

 Optimization Tips

1. Setup Organization

    Create saved layouts

    Use multiple timeframes

    Set up alert systems

    Organize indicators

2. Workflow Enhancement

    Keep both platforms ready

    Use hotkeys

    Maintain backup charts

    Regular updates

3. Risk Management

    Plan trades on TradingView

    Execute carefully on MT5

    Monitor positions

    Track performance

Remember: Day trading success depends more on thorough analysis and disciplined execution than on platform convenience.

TradingView’s analytical strength can outweigh the minor inconvenience of platform switching for serious traders.

CONCLUSION

The Volatility 75 Index on Deriv TradingView offers unique opportunities for traders who understand its characteristics and respect its risks.

While its high volatility can be challenging, the consistent nature of its movements, combined with Deriv TradingView’s robust platform features, creates an environment where well-prepared traders can thrive.

Remember, success with V75 comes from understanding its unique properties, implementing proper risk management, and utilizing the platform’s tools effectively.