How to Add Synthetic Indices on TradingView: A Step-by-Step Guide

TradingView has become a common practice used by traders to study price changes, find relevant trends, and apply technical signals. It allows data from a range of markets, but it feels smoother to look for common stocks and cryptocurrencies. 

Most indices feel complicated because their workings are different for various specific systems. This means that searching for an index by name does not always guarantee that it will appear. 

Knowing where to search, ways to detect the right symbol, and what to check when an index is missing can make the process simpler. Keep reading this step-by-step guide to learn how to add synthetic indices on TradingView. 

Can You Add Synthetic Indices on TradingView?

Yes, you can set up synthetic indices on TradingView. However, it all relies on your broker.

Does TradingView operate using synthetic indices? Yes, but it does not intuitively display every instrument specified by every broker or trading platform. TradingView requires access to a specified market data feed for an instrument to show up in its symbol search.

As a result, it is possible not to get any helpful results when searching for a synthetic index by its nickname on TradingView.

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How to Add Synthetic Indices on TradingView

If the synthetic index you are engaged in is supported by a TradingView data source, the process is fairly simple.

§  Open TradingView

You can engage with TradingView through its website or via the official app published on both the App Store and Google Play Store.

If you are only involved in searching for a synthetic index that you learned about on Syntxwiki, you don’t need a live trading account. However, using some services and tools may hinge on your TradingView account or subscription.

§  Search for the Synthetic Index

Once you have a chart open, locate the symbol search field, often located near the upper-left of the TradingView chart display. Click on the current symbol floating on the chart, and a search window should show up.

Now, you can specify the name or ticker of the synthetic index you want to examine. Sometimes, the synthetic index may show up under a different name. So, in case the index doesn’t show, try searching it using its abbreviation, ticker symbol, or the broker’s name.

§  Add the Synthetic Index to a Watchlist

If you regularly assess the synthetic index, you can save time by bringing it to a watchlist. A watchlist permits you to keep your favorite synthetic indices or other tools in one place rather than searching for them each time you use TradingView.

Other than saving you precious minutes, pastoring a watchlist of your favorite synthetic indices to trade also makes your workflow more seamless.

What if You Cannot Find the Synthetic Index on TradingView?

This is an issue many traders go through every once in a while. If you search for a synthetic index and it doesn’t show up, there are several possible responses.

One of the common descriptions of why you might not be able to find and add the synthetic index is that your broker does not supply the actual market data to TradingView. If your broker’s synthetic index data is not coupled with TradingView, looking for the instrument will not make it turn up.

Another issue is that you could be hunting for the synthetic index using the wrong symbol or name. If that is the case, cite your broker’s documentation and provide the synthetic index’s exact symbol or label.

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Conclusion 

In the end, adding a synthetic index to TradingView is actually simple when the instrument is pushed by an available data feed. You can make a relevant search for its name, learn about different symbols, and include it in your watchlist for easier access later. 

In case the index does not appear, the issue may not be with your TradingView settings. The instrument might not be serving a reliable data feed, or you might be confused and using a different symbol that does not seem to be listed by the broker or platform.

Checking the broker’s documentation and confirming the right symbol is a useful first step. Once the appropriate data source is there, one can use TradingView’s charting and analysis tools to learn about the instrument. 

FAQs

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