Updates, Tutorials & News
Now copy custom tables/charts from any scanner or dashboard and create your own custom widgets via our “Copy” feature, this allows you to build on existing charts/tables as per your view. Start by coping widgets from our top dashboards here: https://chartink.com/atlas
Widgets can be copied over by clicking on the “Copy” button and selecting the dashboard you’d want to copy to. Custom changes can be made once a widget is copied to your dashboard.
Atlas allows you to view a complete picture of the market on a single screen with auto updates. All dashboards can be customized to show information that you are most interested in, including RSI crossovers, Volume breakouts, Povit points and so on.
Features provided by atlas include:
* Intraday Market overview
* Volume Shockers
* Pivot points
* Daily Market overview
* Fundamental overview
Also note that you can drill down further to any of the sectors, marketcaps or indsutry by simply clicking on a bar/pie chart, eg:
We’ll soon be adding tutorials on the steps required to create your own custom scans/charts & tables for more insights on the markets.
Assuming you have a scan that use’s daily candles and you have a alert as well for this scan that runs every 5 minutes, the results that you see during market hours in the backtest and your alert history, will change, for the current day(as the candle is still being made while the markets are open).
While calculating the backtest results, the daily candles considers values until the current time(when you are viewing the scan), whereas when the alerts are sent, example at 10:05am, the daily candles contained data only until that time, so the results of the backtest graph will change thru the day in such a case. We have already added a note for the same, stating “Backtesting considers values as per completed candles of the timeframes, this may cause the results to change for the latest candle/time as its candle is being built.”
Backtesting considers the daily candles as of the current time, rather than when the alerts were actually run example at 10:05am or 12:50pm, so the results may not match with what you see in the backtest history along with your alerts history due to the above mentioned scenario.
If you want to show the same results in the backtest, you should have similar timeframes as per your alert eg: 5 minutes instead of “latest close” in the scan, this will ensure the backtest runs with the data of the 5 minutes timeframe, which will not change for completed cnadles i.e 9:15am, 9:20am and so on.. so that the backtest can then consider the close of the 5 minutes and plot the rows accordingly.
There’s no way to have this implemented in the backtest as well in the alerts, the reason being, if you view the chart for RSI on a daily timeframe for yesterday’s candle, it show’s the value as of 3:30pm, but actually the RSI on a daily candle at 9:15am for example would differ when compared with the RSI of at 10am or 11am or 3:30pm, but the charts only show yesterday’s RSI considering the daily completed candle i.e as of 3:30pm.
The same is being applicable for “close” or the “ltp” as well, which changes for a daily candle thru the day, so the results of the current completed candle can change, similar to the results that you view in the scanner at different times during the day
We have already added a note implying the same, that the current candle’s results can change(the same is true for any candletsick chart) as well, as the indicator values are as of the latest completed candle time.
Standard deviation and On Balance Volume(OBV) indicators are now added to our scanner.
The backtesting feature enables you to validate your stock against historical data, ultimately improving the accuracy used in the scan.
The backtest bars are always based on the smallest time frame you choose in the scan. Below, I’ve included a list of scan timeframes with the corresponding maximum backtest period –
Note – Backtest is limited to the first option only from the dropdown(Backtest history limit).
Assuming the scan is made of different types of timeframe conditions, shown below –
In this type of condition, You may ignore the backtest results as they may not always be accurate due to multiple time frame candles used in the scan(5-minute and daily candles). Backtest results use a higher timeframe(daily) candle that would spread for all bars within the backtest history. As long as the higher timeframe candle is incomplete, all bars in the backtest would also change/update, leading to potential inaccuracies.
In contrast, the alerts you receive for this scan are accurate and sent instantly once any stock matches all scan criteria.
When using volume as a condition in the scans, it’s possible that some stocks may not immediately appear in the results when verifying with backtests. This is because the volume condition takes time to fulfil.
For example, if we have a scan with two conditions, such as a “15-minute RSI crossed above 60 and daily volume above 1 Lakh“, Let’s say the ABC stock fulfils the RSI condition at 9:30 AM, but the volume condition is not yet met at that time. Due to this, the stock ABC will not show in the backtest.
However, if ABC meets all conditions later in the day (e.g., at 11 AM), the backtest will reflect the ABC stock in the backtest at 9:30 AM. So, if you want to avoid this behavior, you can disable the volume condition.
I assume you were comparing the backtest result time with the alert time. Note that the backtest will show the candle start time, whereas the alert you received is on the completed candle when a stock matches all the criteria.
To explain it in more detail, if you have a scanner for a condition such as “1-hour RSI greater than 60” and received an alert at 09:45 AM (assuming an alert time interval of 5 minutes), the backtest result will show 09:15 AM, which starts the time of the 1-hour candle. Hence the backtest always shows the start time of that candle, whereas the alert you received is on the completed candle.
To ensure that the backtest results match the scan results, we recommend using the same time frame candles in the scan. For example – MACD Line crossing to MACD Signal in 15 minutes
Note, If you are using a 15-minute timeframe in your scan, then you should set your alert time interval to 15 minutes as well. This will ensure that you receive alerts based on completed 15-minute candles that satisfy the scan criteria.
Assuming the scan has different time frames like “Daily, Weekly and Monthly”, For example – NKS BEST BUY STOCKS FOR INTRADAY
The reason for the discrepancy in the backtest results is that the scan is using the weekly and monthly timeframes, and when we are running the scan between the week/month. As a result, the scan is showing results based on an incomplete weekly/monthly candle. This causes the results in the backtest to continue to repaint/updated until the weekly and monthly candle completes its formation.
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)
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 “[0] 5 minute Close Crossed above [=1] 5 minute SuperTrend(7,3)”
We are happy to launch Desktop & mobile notifications for Alerts; they allow you to receive alert notifications across multiple devices (mobile/desktop) that have a modern browser installed (for example, Google Chrome/Firefox).
Please follow the below simple steps to enable these notifications:
STEP 1: Visit our site, chartink.com on your desktop/laptop.
STEP 2. a: You will be prompted with a message as below; click “Allow Alerts” to proceed. If the prompt is not visible, perform the next step (step 3).
STEP 2. b: Skip this step if you are able to see the above prompt. If not, search for the “Bell” icon at the bottom right of our site & click on it to “Subscribe” for notifications
STEP 3: Click “Allow” to enable notifications for our site:
STEP 4: Finally, visit the demo-notification page; you should receive a desktop notification; these notifications are enabled for all your activated alerts
Sit back and relax, we’ll show a pop-up(alert) on your computer screen once we notice new stocks are available in your screener.
If you face any issues, kindly review our troubleshooting guide or directly reach out to us at [email protected]
Follow the below video tutorial to enable web push notifications on mobile. Note web push notifications on mobile are supported only by Andriod devices
STEP 1: Visit our site, chartink.com, on your mobile device.
STEP 2. a: You will be prompted with a message as below; click “Allow Alerts” to proceed.
STEP 2. b(optional): Skip this step if you are able to see the above prompt. If not, search for the “Bell” icon at the bottom right of our site & click on it to “Subscribe” for notifications.
STEP 3: Click “Allow” to enable notifications for our site
STEP 4: Finally, visit the demo-notification page; you should receive a mobile notification. These notifications are enabled for all your activated alerts
If you face any issues, kindly review our troubleshooting guide or directly reach out to us at [email protected]
Square & Square root functions are now avaliable for Gann screeners
VWAP – Volume weighted average price is now available in our scans across all timeframes, here’s a example using the stock attribute: https://chartink.com/screener/close-above-vwap across all timeframes
