Introductory Context
"This topic is a practical setup guide -- not a feature survey. It covers the specific configurations, layouts, indicator combinations, and workflows that optimise TradingView for the exact analytical purposes covered across Module 07. At the end of this topic, a reader who follows the setup instructions will have a configured TradingView workspace that is ready for immediate use in the Module 07 framework. "
Setting Up the Primary Nifty Analysis Workspace
On TradingView, the primary Nifty analysis workspace uses a three-panel chart layout. Left panel (60 percent of screen width): Nifty daily chart with the full indicator stack. Right panels (40 percent): Nifty weekly chart (top) and India VIX daily chart (bottom). This layout allows simultaneous viewing of all three timeframes without switching charts -- the most common source of multi-timeframe analysis error.
To create this layout: click the Layout button (top right of TradingView workspace), select '3 charts' or '2 columns' depending on your screen resolution. Set the left (large) chart to Nifty daily. Top right to Nifty weekly. Bottom right to India VIX. Save this layout as 'Module 07 Analysis' using the Layout save function.
Daily Chart Indicator Stack
EMA(20) -- colour blue, line width 1. EMA(50) -- colour orange, line weight 2. EMA(200) -- colour red, line weight 2. Bollinger Bands(20,2) -- default colours, show width. Volume -- below price, with 20-period MA line shown. RSI(14) -- separate pane below volume, with 30, 50, and 70 horizontal lines. MACD(12,26,9) -- separate pane below RSI, histogram display. ATR(14) -- separate pane at bottom (optional, read the value numerically rather than as a panel). Pivot Points Standard (Daily) -- on price chart, show P, R1, R2, S1, S2.
Weekly Chart Configuration
The weekly chart requires a simpler indicator stack focused on structural analysis rather than entry timing. Add: EMA(20) -- blue, weekly chart. EMA(50) -- orange. EMA(200) -- red. RSI(14) -- separate pane (weekly RSI is the structural momentum reference for Bank Nifty monthly positioning). Bollinger Bands(20,2) -- for identifying weekly Bollinger Squeezes before major moves. Key horizontal levels drawn manually: mark the last four to six significant weekly swing highs and lows as horizontal lines. These lines should be drawn each Sunday and saved within TradingView's chart so they persist to the following week.
Save Drawing Tools Across Sessions -- The Session Persistence Setting
TradingView drawing tools (horizontal lines, trend lines, channels, rectangle zones) are saved to the chart by default and persist across sessions. This means the support and resistance zones you draw on Sunday evening are still on the chart when you open TradingView on Monday morning. Critically: when a level is tested and either holds or breaks, update the drawing immediately -- annotate the level with the date and outcome. Over time, your annotated charts become a visual archive of how your level analysis performed, which is one of the most valuable learning tools available.
Setting Up Alerts for Key Levels
TradingView alerts allow you to set price notifications that trigger when Nifty reaches a specific level, when RSI crosses a threshold, or when a custom condition is met. For options traders, the most valuable alert types are: price level alerts (when Nifty reaches the support or resistance zone you identified), RSI alerts (when RSI crosses below 40 on the daily chart -- a potential oversold call entry zone), and Bollinger Band alerts (when the Bollinger Band Width drops below a specified level -- Bollinger Squeeze confirmation).
To set a price level alert: right-click at the desired price level on the chart, select 'Add Alert.' Set the condition to 'crossing' and the trigger to 'Once.' Set the notification to either a browser notification (active when TradingView is open) or an email (works even when TradingView is not open). This allows monitoring from a mobile device during market hours without needing to continuously watch the screen.
TradingView Is Analysis Tool, Not Execution Tool
TradingView does not execute orders on NSE directly (except through Zerodha's Kite Connect integration for Zerodha users). All order placement must be done through your broker platform (Zerodha Kite, Upstox, Angel One). The workflow: analyse on TradingView, identify the entry price and setup parameters, then open the broker platform to place the order. Never try to use TradingView as your order entry interface for options -- the order placement requires NSE margin verification and options-specific fields that are only available on the broker's platform.
Mobile App Setup for Market Hours Monitoring
The TradingView mobile app (iOS and Android) replicates the desktop chart with most indicators and all saved annotations. Configure the mobile app with: a watchlist containing NIFTY, BANKNIFTY, and INDIAVIX. The daily chart as the default opening view for each instrument, with the same indicator stack as the desktop. Alerts active and connected to push notifications on your mobile device. During market hours (9:15 AM to 3:30 PM), the mobile app allows real-time monitoring of the indicators and level alerts without requiring a desktop computer.
TradingView Free vs Paid Plans for Options Traders
The TradingView free plan provides: one chart at a time (no multi-chart layout), three indicators per chart, one alert at a time, and basic drawing tools. For the Module 07 framework with multiple indicators and multi-chart analysis, the paid plan is required. The 'Essential' plan (approximately Rs 1,200 to Rs 1,500 per month) adds: up to two charts simultaneously (suitable for the weekly + daily layout), up to ten indicators per chart, and up to twenty active alerts.
The 'Plus' plan adds the three-panel layout required for the full weekly/daily/VIX display. For traders who complete two to four trades per month, the plan cost is small relative to the analytical value. For traders just beginning, the free plan with one chart at a time is sufficient for the early stages of learning -- the multi-chart layout is an efficiency gain, not a requirement.
The Pine Script Indicator Library for Indian Options
TradingView's Pine Script library (community-created indicators) contains several India-specific tools worth adding to your workspace. Search for: 'India VIX analysis' (overlays VIX thresholds directly on the price chart), 'NSE Option Chain PCR' (Put-Call Ratio indicator for Nifty), and 'Nifty Expiry Days' (marks each Tuesday expiry date on the chart with a vertical line, making the weekly cycle visually explicit). These community indicators are free, open-source, and address specifically Indian market contexts that the standard TradingView indicator library does not cover.
THE CONFIGURED WORKSPACE IN ACTION
Priya Krishnamurthy, a Bengaluru-based options trader, completes her Sunday evening analysis in under forty minutes using a configured TradingView workspace. Left panel (Nifty daily): all indicators visible -- she can see the EMA stack, the current RSI at 38, MACD histogram at -6, Bollinger Bands just above a squeeze low, and the Pivot levels for the week. Weekly chart (top right): shows the prior three months of weekly candles with a clear HH-HL uptrend, the 50-week EMA at 22,400 visible as support below. India VIX (bottom right): at 13.1, declining from the prior week's 14.8 -- options are getting cheaper. Without switching a single chart or tab, she has assessed all three timeframes and VIX simultaneously. Her conditional plan is written in three minutes based on what she has directly observed on screen.