We’ve recently added the ability to create your own custom/derived indicators using existing indicators.
For example, you may have your logic of HLC3 as is “high + low + close / 3” & would want to use this across multiple filters in different/same scans/widgets. Until now, you’d need to copy/write the logic whereever it would required.
With “custom indicators”, you can simply define its logic as:
HLC = ( current candle high + current candle low + current candle close ) / 3
Here’s the custom indicator for the above logic: https://chartink.com/indicator/hlc3
The above created indicator can then be used to create new scans/widgets: https://chartink.com/screener/close-above-hlc3 (notice the HLC indicator selection)
These are similar to having a value saved in a variable/temp working space and then using it across in multiple scans. Note, while using it across scans, you can select the timeframe for its calcuation, eg: Daily/Weekly/Monthly or Intraday candles giving you further flexibility.
To access a previous candle for a given timeframe, you can select “1/2.. candles ago”.
Below is another example from one of our users:
EOM – CUSTOM INDICATOR LOGIC
We’ve added the ability to access any candle of the latest trading day or previous days for Intraday timeframes. Useful for scans that require to access indicator values at a given point in time.
Example offset’s to access different candles for a trading day (5 minute chart)
-  5 minute close -> refers to the latest 5 minute candle
- [=1] 5 minute close -> refers to the days’ first 5 minute candle
- [=3] 5 minute close -> refers to the days’ third 5 minute candle
- [=-1] 5 minute close -> refers to the previous day’s last 5 minute candle
- [=-75] 5 minute close -> refers to the previous day’s first 5 minute candle, considering a single day has 75, 5 minute candles
If you want to access the first candle on a 5 minute timeframe(9:15-9:19:59am), you can select your required indicator/stock attribute and then change the offset to `=1` as indicated below:
Days candles also support crossover/below operations. For example, to identify a crossover at the opening candle, we can do “ 5 minute Close Crossed above [=1] 5 minute SuperTrend(7,3)”
Heikin-Ashi Candlesticks are now available in our Charts & Screener. It can be added for Intraday, daily, weekly & monthly ranges.
Refer the below images on how to add them to your studies.
We now offer near real-time NSE updates for Charts & Scans. The data is updated every 5 minutes, the latest update referring current market values. Data is directly fetched from the NSE servers.
Example: If Market opens at 9:15am, on a 5 minute interval the updates can be described as follows:
- 9:20am – Data from 9:15am – 9:19am
- 9:25am – Data from 9:20am – 9:24am
- 9:30am – Data from 9:25am – 9:29am
The minimum data delay would be 0 minutes(eg: at 9:20am) and the maximum would be 5 minutes(eg: at 9:24am)
List of frequently asked questions from our visitors.
How to scan NSE Future stocks?
We have added a segement filter that can be modified in the top-most filter, refer the below image:
How to Search Screeners?
You can view our screeners homepage to search & view scans created by other users.
How to run scan for stocks in Watchlist
After you’ve logged in and added stocks in your watchlist, you can change the segement to “Watchlist” which would then run the scan for stocks listed in your watchlist.
How to perform Weekly/Monthly scans?
After a indicator has been added, click on the “Latest” prefix right before it and change it to any of the “Weekly” range group, eg: “Weekly”, “1 week ago” and so on… The same applies for Monthly filters
How to run Intraday scans?
After you have added a indicator, you can click on the “latest” prefix on the left hand side and change it the Intraday timeframe you want. Eg:
How to have Realtime scans during market hours?
While the markets are open, the “Latest” refers to the current days’ candle. The current price is also reflected for “Intraday”, “Weekly” & “Monthly” ranges which are updated during market hours in near realtime.
Bracketing & Operator precedence
Operators(+,-,*,/) are evaluated from left to right. If you need to specific the precedence you can use Brackets and group expressions as follows:
How to scan for ranges – eg: RSI(14) less than 30 for the past 10 days
You can use the min/max functions to specify ranges, here’s a example for “William%r in the range of -20 to -50(i.e. <=-20 and >=-50) from 5 days”: http://chartink.com/screener/williams-r-range-of-20-to-50-for-the-past-5-days
You can also combine 3 days OR 5 days in a single scan using sub-filters which help you specify and/or conditions, here’s another example: http://chartink.com/screener/williams-r-range-of-20-to-50-for-the-past-5-days-or-for-the-past-3-days
Stocks that have been closing above their previous days close continuously for the past 5 days.
This is a combination of 2 scans, “Stocks with rising prices & increase in volume” & “Stocks with falling prices & Increase in volume”. This example show’s how multiple scans can be combined into a single scan, showing stocks from both of the 2 individual scans.
Notice the use of a new sub-filter, with ANY to specify if either of the 2 filters below it is true.
Filter stocks that have seen an sudden rise in their volume by over 5x times the average volume over the past 10 trading sessions and have dropped more than 5% today.
Filter stocks that have seen an sudden rise in their volume by over 5x times the average volume over the past 10 trading sessions and have gained more than 5% today.