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In this YouTube tutorial, the speaker demonstrates how to use formulas on TradingView to create custom charts. They show how to add symbols together, divide them, and create a custom formula chart. The example used is adding Tesla and Apple, dividing it by Bitcoin. They show how to change the resolution, time frame, chart type, and analyze historical data. They suggest trying different formulas like the DAO divided by gold futures to analyze ratios. The tutorial emphasizes how easy it is to get started by typing in a formula of your choice in the symbol search bar.