Seven free tools for your first trades.
Seven free tools you can add to any TradingView chart in one click. No email, no signup, no account required. Each one solves a specific problem new traders run into — where to put your stop, how many shares to buy, whether the market is even worth trading right now — without needing a subscription.
Setup Grader — is this trade worth taking?
"I found a setup. But should I actually take it?"
Looks at any candle on your chart and gives it a HIGH, MED, or LOW grade. It checks five things every experienced trader looks at — is the trend behind this trade, is momentum lining up, is volume backing it up — and gives you one clean answer. Pop this on your chart and use it as a second opinion before you click buy. Stick to HIGH grades until you know what you're doing.
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ATR Stop & Target — where does my stop go?
"My stop keeps getting hit and I don't know where to put it."
Draws a stop-loss line and a profit target right on your chart. Here's the deal: the stop distance is calculated from how much the ticker has been moving lately, not a number you picked out of thin air. The green zone above your entry is where you make money. The red zone below is where you lose. See both before you take the trade so there are no surprises.
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Risk-Sizing Calculator — how many shares?
"How many shares should I actually buy?"
Tell it your account size and how much you're willing to lose on this trade (most experienced traders risk 1–2% per trade). Tell it where your stop will be. It tells you the exact number of shares to buy so you can't accidentally risk more than you meant to. Gets rid of the "wait, how much did I decide on?" panic right before you click buy.
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Session Levels — what did the market do overnight?
"The market opens and I have no idea where price could go."
Draws lines on your chart at the important price levels from earlier today and yesterday — the high and low the market hit before you woke up, where yesterday closed, the range in the first hour of trading. These are the levels other traders are watching too, which is why price often stalls or reverses at them. Knowing them ahead of time turns random-looking price action into a map.
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Multi-Timeframe VWAP — am I buying at a fair price?
"How do I know if I'm chasing?"
Draws a line showing the "fair price" for the day, week, and month based on how much volume traded at each level. When price is above the line, buyers are in control. Below it, sellers are. Right at the line, the market is undecided. Simple rule to start: don't buy when price is way above the line — that's usually chasing. Widely used by professionals. Worth understanding early.
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R-Multiple Trade Log — journal the way pros do
"I don't know if I'm actually getting better."
Tracks your trades in "R" — a unit that just means "how much did I risk on this trade." A +2R trade means you made twice what you were willing to lose. A –1R trade means you lost exactly what you planned to. After 20–30 trades logged this way, you'll be able to see honestly whether your strategy is working, regardless of how big or small the dollar amounts are. This is the single most useful thing a serious trader tracks. Start here.
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Chop Guard — is the market worth trading right now?
"My setups keep failing for no reason."
Shows a red zone on your chart when the market is ranging — meaning price is bouncing around without direction and setups are breaking down. The thing that trips new traders up is that perfectly valid-looking entries fail in choppy conditions simply because there's no momentum behind them. When you see red here, that's the chart telling you to wait. When it clears, your setups have a better shot. Three separate checks have to agree before it fires, so you're not getting false alarms from one noisy indicator.
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The free tools help you decide.
The platform finds the trades.
These free tools help you make better decisions on the trades you find. What they don't do is find the trades for you. That's what the paid platform does — five indicators scan the market bar-by-bar, score every setup out of 10, and tell you the exact entry, stop, and target for the ones worth taking.
Never traded before? → Start here (2 min read)
All seven tools are free to install and use on TradingView. The source code is visible on each script's page — nothing hidden. These are educational tools to help you think through a trade before you take it. They're not signals, not financial advice, and they don't track results for you. What you do with them is your call.