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Why is the error 'Chart preference limit reached' displayed while trying to save the settings on the TradingView charts?

The default layouts in TradingView V2 charts are saved on the cloud and can be accessed from any device. If the cloud storage capacity is exceeded, the error Chart preference limit reached is displayed. However, the provided cloud storage is sufficient to save many studies and strategies.

To save additional preferences, remove existing templates or drawings from the charts that are not used.

On Kite web, changes made in TradingView V2 charts can be saved as a chart layout locally on the device. To learn more about saving default layouts, see How to save default layouts and templates on TradingView version 2 in Kite web?