Tradingview Live Economic Calendar by toodegrees (2024)

In the fast-paced world of financial trading, the fusion of live economic news with technical analysis is crucial for traders aiming to stay ahead of market trends. The Live Economic Calendar on TradingView represents a significant breakthrough, marking a seamless integration of time-sensitive economic events with the granular detail of technical chart analysis. This powerful combination empowers traders to preemptively adjust their strategies in anticipation of market volatility spurred by economic announcements, thereby enhancing the precision of their trading decisions.

This comprehensive awareness allows traders to strategically plan their trading activities, leveraging volatility to their advantage or sidestepping potential market turbulence to maintain favorable trading conditions. The seamless integration of this calendar into the TradingView platform means that traders no longer need to juggle between multiple sources for economic news, enabling a more streamlined and efficient trading experience.

Crafting this innovative Tradingview script required mastery of 2 different coding languages, integration of 2 Pine Libraries, and over 100 hours of dedicated development. The outcome is a game-changing tool that brings global economic events directly onto TradingView charts, enabling traders to stay vigilant and well-informed about crucial market-moving news.

Key Points

1. Comprehensive Integration: Seamlessly integrates real-time, upcoming, and historical financial news directly into TradingView charts, enhancing the trading experience by combining technical analysis with fundamental market events.
2. Strategic Planning Enabled: Allows traders to prepare for market volatility associated with economic news releases, providing a strategic edge in planning trades around high-impact events or avoiding them for more stable market conditions.
3. Designed for All Traders: Catering to both novices and experienced traders, this tool democratizes access to crucial economic information, ensuring all users can make informed trading decisions based on the latest market-moving news.
4. Visual Components for Clarity: Features like the News Table, News Lines, and News Labels offer clear, visual representations of economic events, their timing, and impact, facilitating easier analysis and backtesting for traders.
5. Forex Factory Calendar Integration: Includes a comprehensive news feed covering all major currencies and markets since January 2007, updated daily to ensure traders have access to the most current and relevant information.
6. Impact-Level Categorization: Economic events are categorized by their expected impact (Holiday, Low, Medium, High) using a color-coded system, helping traders assess the potential market implications of each news release.
7. User-Friendly Time Format: Displays news event times in a 24-hour format, with a clear indication of ‘All Day’ events, simplifying the process of timing trades in accordance with economic announcements.

Where Can I Find an Economic Calendar?

An economic calendar is an indispensable tool for traders, providing insights into upcoming economic news and events that could influence the markets. You can access economic calendars on various platforms like Bloomberg Markets, Forex Factory, Oanda, FP Markets, and directly through the TradingView app or browser. Since January 12, 2024, thanks to Pine Scripter toodegrees, TradingView has hosted its economic calendar, making it accessible directly within the platform. This indicator is free to use and offers immediate functionality, allowing traders to stay updated without leaving TradingView.

TradingView Live Economic Calendar by toodegrees

The TradingView Live Economic Calendar by toodegrees is a groundbreaking tool that revolutionizes the way traders interact with financial news directly on their charts. This indicator bridges the gap between technical chart analysis and fundamental market events by providing real-time, upcoming, and past financial news from external sources. With this tool, traders gain an invaluable insight into economic announcements, their scheduled release times, and the anticipated impact on the markets.

Since its debut on January 12, 2024, the Live Economic Calendar has garnered widespread attention within the TradingView community, rapidly amassing over 134.3K views. The enthusiastic reception from the community underscores the indispensable value of having direct access to real-time economic news within a trading platform. Traders have quickly recognized the utility of this tool in providing a comprehensive view of upcoming economic events, allowing for a more informed approach to market analysis and trading strategy development.

TRY IT ON TRADINGVIEW

How it Works?

Live Economic Calendar Release 🚀

This Script Required:
– 2 Different Coding Languages
– 2 Pine Libraries
– 100+ Hours of Development

The Result:
Global news events, on @tradingview charts!
Be aware, and keep track of key economic releases. https://t.co/0HAKhHW16r pic.twitter.com/w0hg5cxs49

— too° (@toodegrees) January 12, 2024

See Also

Foreign Exchange Trading Uk: A Complete Trading Guide • 2024Realize That One Profitable Year Doesn't Make You a Profitable TraderICT SIMPLE Killzones Setup strategy with Tradingview indicator9 Best Investing Books for Beginners You Should Read | Money Nuggets

Designed with both novice and seasoned traders in mind, the Live Economic Calendar enhances market analysis by ensuring users are well-informed about critical economic events that could influence market dynamics. It achieves this through three distinct visual components: a News Table that outlines the specifics of each event in a chronological order, News Lines that visually represent the timing of future and past events on the chart, and News Labels that provide color-coded cues post-event, encapsulating the essence of the news.

Moreover, the integration of the Forex Factory Calendar News Feed ensures comprehensive coverage of major currencies and markets, updated daily, and categorizes news impact into four levels to help traders gauge the significance of each event. This indicator is a testament to the synergy between technical and fundamental analysis, offering a holistic view of the trading landscape.

Understanding the Economic Calendar in Forex Trading

An economic calendar is a critical tool in forex trading, designed to inform traders about upcoming monetary and fiscal policy announcements that could impact the market. According to Forexpedia™ by BabyPips.com, the forex market is notably influenced by these announcements, prompting traders to use the economic calendar to strategize their trades and mitigate risks associated with any event that may affect their open positions. This proactive approach to trading ensures that traders are not caught off guard by market movements resulting from economic releases.

What is the LCG Economic Calendar?

The LCG Economic Calendar offers comprehensive coverage of economic events and indicators from around the globe. It is distinguished by its live updates during announcements, ensuring traders receive immediate information once event data is released. This real-time update feature is crucial for traders looking to make informed decisions that align with the latest economic developments. Provided by LCG (London Capital Group), this economic calendar is a valuable resource for traders seeking detailed and timely economic information.

The Importance of the U.S. Economic Calendar

The U.S. economic calendar is deemed one of the most critical among traders worldwide, given the significant influence of the U.S. economy on global markets. Major economic events within the United States can have far-reaching effects, making the U.S. economic calendar a focal point for market participants eager to understand potential impacts on the global financial landscape. This attention to the U.S. economic calendar underscores the interconnected nature of international markets and the pivotal role of the United States as the world’s largest economy.