Technical analysis thrives on customization, allowing traders to tailor their charts to specific strategies. One powerful way to personalize your analysis is by adjusting chart intervals—both time-based and price-based. This guide explores how to leverage TradingView’s tools to create intervals that align with your trading style.
Understanding Intervals and Custom Intervals
Intervals determine how price data is grouped and displayed on charts. They fall into two categories:
1. Time-Based Intervals
- Group data into fixed time segments (e.g., 1-minute, 1-hour, or daily candles).
- Example: A daily candle chart shows price action within a 24-hour period, where the candle’s range varies but the duration remains constant.
2. Price-Based Intervals
- Group data based on price movement rather than time.
- Used in alternative chart types like Renko, Kagi, Point & Figure (P&F), Line Break, and Range charts.
- Benefits: Reduces market noise and highlights trends or reversals more clearly.
👉 Explore advanced charting tools to experiment with these intervals.
How to Customize Time Intervals
For time-based charts (e.g., candlesticks, line charts):
- Click the "+ Add custom interval…" button in the interval dropdown menu.
- Enter your desired duration (e.g., 150 minutes for 2.5-hour intervals).
Pro Tip: Non-standard intervals (e.g., 2.5 hours instead of 2 hours) can offer unique insights for specific strategies.
How to Customize Price Intervals
Price-based charts ignore time and focus solely on price movements. Below are key methods for interval customization:
Renko, Kagi, and P&F Charts
These charts share similar configuration options:
- Average True Range (ATR): Uses volatility-based line sizes from the ATR indicator.
- Traditional: Fixed absolute values (e.g., $5 per brick).
- Percentage LTP: Line sizes adjust dynamically based on a percentage of the last traded price.
Range and Line Break Charts
- Range Bars: New bars form when price moves a predefined range (e.g., $1 or 10 points).
- Line Break Charts: New lines depend on prior highs/lows, with intervals set by the number of lines considered (e.g., 3-line break).
👉 Master price-based charting to filter noise effectively.
FAQs
1. Why use custom intervals?
Custom intervals let you align charts with your strategy—whether focusing on volatility (ATR-based Renko) or specific timeframes (e.g., 90-minute candles).
2. Which chart types support price intervals?
Renko, Kagi, P&F, Line Break, and Range charts exclude time, using only price movement.
3. Can I mix time and price intervals?
No. Charts are either time-based or price-based, but TradingView lets you switch between types seamlessly.
4. What’s the ideal interval for day trading?
For scalping, 1–5 minute candles work well; swing traders may prefer 4-hour/daily charts.
Conclusion
Custom intervals empower traders to:
- Reduce noise with price-based charts.
- Test unconventional timeframes (e.g., 3-hour candles).
- Adapt to market conditions (e.g., ATR-adjusted Renko bricks).
TradingView’s flexibility ensures your charts reflect your strategy—not a one-size-fits-all approach.
Pro Tip: Bookmark this guide and revisit it when experimenting with new interval settings!
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