Now create your own Custom Indicators !

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
Scan using SMA on EOM(custom indicator)https://chartink.com/screener/eom-greater-than-20

 

43 thoughts on “Now create your own Custom Indicators !”

    1. Free version data is delayed by 5 minutes. In premium subscription, charts and scans are updated every minute. Our premium members get realtime data with updates every minute for our Charts & Scans. So if you run a scan at 9:20am for example, it would be based on the latest data until 9:19:59am and so on..

    2. Layout feature should be added to view chart with multiple time frame in one goo, i am premium subscriber have already raised query still no reply

  1. Sir I am using your chartink regularly and also take ur subscription every month. Your website is simple and easy.
    But will like to add one comment ” can you give the OPEN INTEREST (OI) from NSE option chain i.e if your chartink will provide us first two highest OI on CALL and first two highest OI on PUT side then we can able to get the particular stocks which are trading near support or resistance and it will really helpful for us.

    I tried to contact you for the same but unfortunately you have not provided contact number.
    If you have queries regarding my demand please feel free to call me : 9764685618 / 9370835723.

  2. Hi Akash ,Nice developement, please make some videos or some more example. This will help us to get it’s maximum benefit.

  3. open to 2% high – need alert in 5 min
    previous day below open and today open breakout – need alert 5 min
    bollinger band bottom below breakout and bollinger band bottom above cross 1% – need alert 5 min

  4. Dear Chartink Team,

    Although you are doing excellent work but one will not know whether his code works best or how best it works i.e. the back testing does not give the output based on entry and exit points determined through codes. You can refer to Streak by Zerodha where they give not only code writing but also backtesting. For first 7 days its free for Zerodha account holders and then they charge Rs. 350 per month for backtesting of your codes. In brief unless you bring out proper backtesting tool, all these coding will not work and people may not even subscribe to real time alerts.

  5. what is your top copied screener..? (NOT your top loved ones)
    Also my ADX screeners and the results when I get are far different. I had to delete stuff that i had created.
    Also tried (copied) few tweezer bottom and tried my modifications i have failed could you please suggest
    Need some genuine screeners to work on i am trying but still finding difficult to crack the right one. can you suggest???

    If you still cant help im ok. I like your stuff like screeners etc. but i was hoping to get more better. anyways i would thank you in advance.

    1. You may share your scan requirements and we shall help create the scan for you. Currently we do not have the feature to get the top copied scans. I shall get with the team on the same.

  6. You are doing commendable work and this platform may set a high benchmark for the industry. Please provide the option to view multiple timeframe graphs at one go.

  7. How can I create indicate for PVT (Price volume trend) or can we have it in indicator list?

    The formula is :
    Current PVT = ((Current Candle) % Change * (Current Candle) Volume) + (Previous Candle) PVT

    I am not sure about (Previous Candle PVT) in the above scenario. Please guide

    1. Currently we support only NSE cash stocks and indices. We do plan on adding others in the future. Shall keep you posted. 
      ​​​​​​​
      As a premium member you would be able to:
      Access realtime data for Charts & Scans every minute
      Create Alerts and receive updates of stock breakouts over sms/email/mobile/desktop/webhooks
      View charts in 1/2/3 minute timeframes with auto-refresh
      Run screeners in 1/2/3 minute timeframes with auto-refresh
      Scan any watchlist via the segment dropdown of a scan
      Customized Atlas dashboards for market overview
      Get Dedicated support for your scanner requirements

      You can get details/signup our premium service here: https://chartink.com/subscription

  8. Very Nice. Would it be possible to provide user flexibility write instead of selecting it from dropdown ?? AND one more request.. please provide functions of TAN() SIN() ATAN() function.

  9. Chartink is better than the best in the business… no coding required…so easy to modify scans…. Flexibility to add AND /OR to the conditions will be really helpful

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