Technical Stock Screener India – Best Stock Screener for Day Trading
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I have been getting many mails from you people to upload best technical stock screener for Indian stock market.
And the wait is finally over,
After detailed research I have found best technical stock screener for day trading in India.
In this article I will be sharing you complete details on how you can download it in your system.
Also, after you successfully install the technical stock screener I will brief you with step by step process on how you can use this real time intraday scanner.
Free Technical Stock Screener India
Without wasting much time lets begin to explore more important features of our stock screener.
Real time Stock Scanner
This is complete real time stock scanner. You can actually scan, explore and back test entire stocks in real time live market.
The only requirement is that you need to have some real time data feed activated with your amibroker software.
Also check my article on best real time data feed for amibroker.
Free Screener for Intraday – Open High Low Scanner
Many of companies they charge thousands of rupees for this scanner. But, for you people I have arrange complete technical stock screener code free for download.
Yes, you hear it right..!
This open high low scanner will automatically scans market stocks and present you complete list of stocks that meets the open=low or open=high criteria.
Open = Low indicates stocks to go in buy side for intraday with low as its stop loss that day.
And,
Open = High indicates stocks to go in sell side for intraday with high as its stop loss for that day.
Here make sure that you analyze the stock properly before placing your trade with respect to risk to reward ratio (stop loss to target ratio). It must be 1:2.
This technical stock screener is available completely free for download. You just need to follow simple steps to get it installed in your system.
Scroll down to get the download link for the scanner.
Money Flow System Scanner
If you are familiar with Amibroker technical software it will be easy for you to understand this feature.
When you scan your stocks with this technical stock screener you can explore and back test the calls by adding virtual fund under settings.
This will showcase you profit and loss figure (along with percentage) per call. Thus helps you to manage your money flow while analyzing trading signals.
Check how to use section to know more details on this.
Auto Alerts for Buy Sell Signals
Many peoples they waste bugs over bugs in buying paid software and scanners but in the end they wont work at all.
To overcome this, here is free technical stock screener with all the facilities and features that any paid software may not have.
Auto alerts is an another interesting feature you get.
Amibroker gives you option inside settings tab. There you can set interval time with this scanner files.
Once you set this you will automatically get scanning alerts for stocks in real time live market.
Technical Stock Screener – Step by Step Installation Guide
In order to install technical stock screener first make sure that you have already installed amibroker software and required real time data feed.
Check my article for how to download and install amibroker software.
Please make note that this is amibroker based technical stock screener so it will work only with amibroker software versions.
Visit below link to get scanners installed in your system with nominal installation charge. Or get it free with any one of our paid indicator package.
Next select Amibroker path to extract the files
How to scan symbols with our scanners
Once you have scanners in your amibroker software locate your file name and right click on it. Then select “Analysis”
If you get window like this with same file name mentioned in Formula section like in one of above screenshots then you have successfully installed the technical stock screener.
Congratulations!
Free Real time Stock Screener Download Links
How to Use Stock Screener for Intraday Trading
As we all know that there are plenty of stocks registered with NSE. Filtering this bunch of stocks for intraday trading is quite tedious task.
Thus, every trader at some point of time need mentor guide for making new trade suggestions on intraday trading. This space is filled by some paid tips providers or some technical stock screener available in market.
We listed best stock screener that will serve our purpose that too can be installed with some nominal installation charge.
We can use stock screener in two ways firstly to pick new stocks for trading as “scanner” and secondly to analyze profit loss ratio known as “backtest”
Technical Stock Screener as Scanner
Once you are on analysis window as shown in technical analysis window image next task is to look for scan option available in top left corner of screen.
Before clicking scan option make sure that you select “Alert Output” window from “Window” menu of amibroker. This will open alert window screen.
Now click on “Scan” button. The technical stock screener will scan real time stocks and provide you alerts of stocks with stock name and buy or sell rate in alert output window.
You can now click on any stock and check the stock chart personally to analyze the stock to make your buy/sell entry.
This can also be alternatively done with “Explore” button right beside to “Scan” button.
The difference here is that you won’t be getting any calls in alerts output window but your results list will be sorted with stocks name, time and buy/sell entry rates.
Day Trading Screener for Backtest
This process is similar to previous one where you click on “Scan” or “Explore” button.
Here you need to click on “Backtest” button.
Once you click on it you will get entire stocks buy sell signals backtested with result list having detail calculation of profit loss per 100 shares for each stock.
This will helps you to analyze what profit you will be getting if you trade per call with 100 shares in each stock.
You can later modify the settings to just include backtest of any single stock or change the number of share to be consider while analyzing risk to profit ratio.
Conclusion
In this article finally we listed most famous technical stock screener for intraday trading.
Also we learn on where you can get this scanners and make use of these technical stock screener for our intraday trading.
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Excellent article! You did a fantastic job on this topic, Really impressive! May I add one more productivity tip to your list if you don’t mind? You can check the intraday screener website for intraday trading as well. Intraday scanner website has many pre-made scans like OHL Scans, ORB Scans, and NR4 NR7 Scanner which help you to select the best stocks for trading including next-day stocks. So in my view, you can also add the Intradayscreener website to your article.
Very good article! You did a fantastic job on this topic, Really impressive! May I add one more productivity tip to your list if you don’t mind? You can check intradayscreener website for Open high-low stocks as well. Intraday screener website has an advanced Open High low scanner which is free to use and gives you open high open low stocks, open high stocks, and open low stocks.