Forecasting & Measuring Tools
Long/short position tools, VWAP, volume profiles, and price range measurements.
TradingView's forecasting and measuring tools let you visualize potential trade outcomes directly on the chart. From calculating risk-reward ratios to projecting price targets, these tools are essential for professional risk management.
Every professional trader calculates position size and expected return before entering a trade — these tools make that process visual and intuitive.
Forecasting & Measuring — The Professional's Toolkit
These tools turn theoretical analysis into actionable trade plans with clear risk parameters.
Position Tools
- Long Position: Calculate bullish trade P&L
- Short Position: Calculate bearish trade P&L
- Automatic risk-reward ratio display
Measurement Tools
- Price Range: Absolute and % change
- Date Range: Bars and calendar days
- Date & Price Range: Combined analysis
Projection Tools
- Projection lines for future paths
- Best/worst/likely case scenarios
- Forecast with target + time period
Long & Short Position Tools
The Position tools calculate potential profit and loss at any given price level. The Long Position tool shows expected returns from a bullish trade, while Short Position shows bearish returns.
Both tools automatically calculate your risk-reward ratio, percentage gain/loss, and monetary P&L based on position size. Click your entry price and drag to your target or stop-loss — instantly see if the trade is worth taking.
Snapshot & Takeaways
Price Range & Measurement
The Price Range tool measures the exact distance between two price points — showing absolute change, percentage change, and number of bars.
Invaluable for measuring swing sizes, calculating targets based on measured moves, and comparing the magnitude of different price swings.
Projection & Forecast Tools
Projection lines let you draw potential future price paths directly on the chart. Use them for scenario planning — plotting best-case, worst-case, and most likely trajectories.
The Forecast tool combines projection with measurement, showing exactly the price target and time period over which you expect the move to occur.
Always know your risk-reward ratio before entering a trade. The Position tools make this calculation visual and intuitive.
Professional Tip
Use the Long/Short Position tool before every trade to visually see your target and stop-loss on the chart. If the risk-reward ratio is below 1:2, reconsider the trade.
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Written By
Rohit Singh
Mr. Chartist
With 14+ years of experience in Indian financial markets, Rohit Singh (Mr. Chartist) is a SEBI Registered Research Analyst, Amazon #1 bestselling author, and the founder of Investology — a premium trading ecosystem trusted by a 1.5 Lakh+ strong community across India.
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