Trade like a pro with TradingView on dex.blue

AKA how to become a chart hero 🦸‍♀️

TLDR: We are happy to announce that TradingView is now live on dex.blue. For the first time, DEX traders can leverage powerful charts not only to analyze their spot trading strategies but also manage their orders visually on the charts.

This article will show you the new TradingView charts and three very basic, yet helpful features that can be used to improve your trading experience on dex.blue.

In-Chart order Management

Tool: Ruler

Indicator: Moving Average

In-Chart Order Management

In-Chart Order Management enables you to manage your active orders entirely from the chart.

1. Change Rate: In order to change an active order, you simply have to click the desired order and pull it towards the price you want your order to be executed at.

Placing an order and then editing it on TradingView!

To change your rate more accurately including multiple decimal places, just click “Modify Order” in your active order and enter the exact amount in the Rate section.

Note: You have to sign again with your wallet only when editing an order against your favor.

2. Cancel Order: To cancel an active order in the chart, just click the cancellation button of the order you wish to be canceled.

Tool: Ruler

The ruler is a useful tool in order to measure and visualize different information between two points in the chart. This way you can e.g. monitor profits and losses between historic trades and check the profitability of orders you have placed.

The tool will exactly show you the net change in the base currency (1) and the net percentage change (2) between the two points measured. Furthermore, you can see how many candles have been measured (3) and the time duration between the two points (4).

How to read the Ruler dialog box.

How to enable the ruler tool?

Using the Ruler to analyze the ETH/DAI chart from 25/01 to 29/01.

Navigate to the toolbar on the left-hand side of the chart and choose the Ruler icon, or press [SHIFT KEY] on your keyboard. Once selected, click where you want to start measuring from and drag to the point that you want to measure too, then click again. You will now have a blue area on the chart connecting these two points and a dialogue box including the information mentioned above.

Indicator: Moving Average

The moving average (MA) is one of the most commonly used technical indicators. MAs serve to identify trends and confirm reversals by creating a constantly updated average price of an asset over a specific period based on a smoothed out price feed. By taking only the closing price for each data point of the desired period into consideration a trend can be indicated without any influence of random price movements that might cause false signals. Hence, MAs tell you whether an asset is trending up, trending down or if it is ranging.

Depending on how long the time horizon is you want to analyze, there are different MAs that are more significant than others.

Simple Moving Average (SMA): Responds slower to rapid price changes as all periods are equally weighted. Hence, SMAs are better indicators of long-term trends.

Weighted Moving Average (WMA): Responds faster to recent price actions and reflects a quicker shift in sentiment by distributing more weight towards recent periods. Conversely, WMAs are better indicators of short-term trends.

Example:

9-hour WMA of ETH/DAI:

Navigate to the top bar and click the precision box. Make sure to set the precision to “1 hour”. Next, you go to the “Indicators” box and search for Moving Average Weighted. Once selected, you will find the WMA in the left-hand corner of the chart below the top row that shows the Open, High, Low & Close of ETH/DAI. Now, click the settings icon of the WMA indicator. The Inputs window will open by default with a Length of “9”. (You can adjust the Length according to your needs) The 9-hour ETH/DAI WMA is now displayed in the WMA row.

If you hover over the chart and stop at a different day/bar, you will be shown the historic 9-hour WMA until that particular day.

Setting a 9-hour Weighted Moving Average.

Additional UI color scheme

In addition to the TradingView integration, we have implemented an additional color scheme of the trading interface to let traders individualize their UI according to their preference. Hence, you can now decide whether to choose the light mode, the dark mode or the really dark mode.