TradingView has introduced an upgrade to its Magnet tool, allowing traders to snap their drawings directly to indicator points. This enhancement ensures more precise trendline placements and better technical analysis accuracy.

How to Use the Updated Magnet Tool on TradingView

1. Open the Magnet Tool Menu
   
   
   
   • On the left-side toolbar, locate and click on the Magnet icon.
2. Enable "Snap to Indicators"
   
   
   
   • In the Magnet menu, activate the new “Snap to Indicators” option.
3. Draw with Enhanced Precision
   
   
   
   • When drawing trendlines, support/resistance levels, or any other chart annotations, your lines will automatically snap to indicator points instead of manual approximations.

Why This Matters for Traders

This update eliminates guesswork in charting and helps traders refine their technical analysis with better accuracy. For prop traders and algorithmic strategists, where precision is key, this small but impactful improvement can lead to better trade execution and risk management.

Stay tuned to PropInsider for more trading platform updates and fintech innovations.