Zerodha - Number One Discount Broker in India

[Zerodha]

So you are talking about the features of a charting application.

What i m trying to say that it is very hard to find a charting application to even draw basic trend lines and other lines tools for the indian markets.

Ami is worst charting app for price action traders, its good for mechanical system traders who prefer to trade on buy/sell signals. So only alternative left is esignal, because they provide data for indian markets. if you try to use the line tools , you can see how messed up Amibroker.


I currently use esignal and i only use line tools with it . I do not use any other feature(EFS programming ,back testing..etc). I do use replay feature, but that should be a part of any TA software. Esignal has made it very easy to use line tools and trust me i have used/tested every possible TA software out there before settling with esignal. Only issue is the price. But there is simply no alternative in the current market.

I also tried using charts in NEST trader, but its a joke.

Do you know any decent charting application that is easy to use for price action traders with reliable data feed?

You are a price action trader, and know what you are doing(didn't realize it from your first post ) , I guess esignal is today the best option for your needs..

But most people don't really know what to do with their charting tool, but end up paying a bomb..

 

[TracerBullet]

It is a personal view, but I guess the real purpose of technical analysis and a charting software, with your ami's meta's etc is the ability to be able to code your technical analysis strategies, be able to backtest them under various market conditions, run multiple strategies at the same time so you get the power to watch not 1/2 chart but maybe 20 at a time which is humanly not possible. Some of the latest softwares have pattern recognition, and neural networks, which even go to the extent of using Artificial intelligence to predict the winning probability of the next signal...

But there are brilliant traders, who just read the tape, that is just look at a chart, market depth and trigger some fantastic trades..

What I was trying to say was, if the idea is to look at a chart, add a couple of Moving average lines, a RSI, and look at candles, it is probably not financially viable to spend 30k on a software and then pay 4k/month on data feeds.
As I said earlier, that would be like buying a porsche and driving at 60km/hr.

Please, Please
While its great that zerodha may be planning to add some of these features perhaps, Please also improve the charting software with some basic stuff.

I dont think these features is asking for too much
1. Save Drawings. Its annoying having to redraw everyday. I would like to draw some in the evening to prepare for next day
2. Have full screen view + tabs. ZT looks like some win 98 software that for some reasons insists to be a window manager too and a bad one at that.
3. Lines drawn in one Timeframe should be visible in others.

This along with annoyances like barely usable candle info in tooltip, candle update freeze when drawing or holding any line/text etc make NEST barely usable (but still free so not-yet-traders like me can only use it)
Not everyone needs algos/pattern recognition/and neural networks/AI assisted trading but the basic stuff would be missed by many

I ll try to send a mail for this and some more this weekend
thanks

 

[throwawayacc123]

Please, Please
While its great that zerodha may be planning to add some of these features perhaps, Please also improve the charting software with some basic stuff.

I dont think these features is asking for too much
1. Save Drawings. Its annoying having to redraw everyday. I would like to draw some in the evening to prepare for next day
2. Have full screen view + tabs. ZT looks like some win 98 software that for some reasons insists to be a window manager too and a bad one at that.
3. Lines drawn in one Timeframe should be visible in others.

This along with annoyances like barely usable candle info in tooltip, candle update freeze when drawing or holding any line/text etc make NEST barely usable (but still free so not-yet-traders like me can only use it)
Not everyone needs algos/pattern recognition/and neural networks/AI assisted trading but the basic stuff would be missed by many

I ll try to send a mail for this and some more this weekend
thanks

Hahahahhaha, you are asking too much from Omnesys. They can't even build a stable trading platform , forget charting.

 

[TracerBullet]

Hahahahhaha, you are asking too much from Omnesys. They can't even build a stable trading platform , forget charting.

I meant for the Next inhouse ZT. Omnesys have beenn acquired so you never know

 

[fish]

Today,Traded NF and BNF..But
no contract note..no margin report...no sms alert of trade on mobile received today
no day bill/account summary updated in back office..

what could be the reason??

 

[Zerodha]

Today,Traded NF and BNF..But
no contract note..no margin report...no sms alert of trade on mobile received today
no day bill/account summary updated in back office..

what could be the reason??

Today is the 3rd friday, expiry of global indices S&P and DJIA futures. So the exchange files are sent only around 9.30pm as the settlement price is based on US markets opening price

 

[Zerodha]

Official Holiday calendar is out from the exchanges, here is the link for it : http://zerodha.com/z-connect/traders-zone/holidays/trading-holidays-2014-nse-bse-mcx

 

[Delaroche]

hello,
appreciate the views over the "need" of a charting software.regards.

 

[Delaroche]

It is a personal view, but I guess the real purpose of technical analysis and a charting software, with your ami's meta's etc is the ability to be able to code your technical analysis strategies, be able to backtest them under various market conditions, run multiple strategies at the same time so you get the power to watch not 1/2 chart but maybe 20 at a time which is humanly not possible. Some of the latest softwares have pattern recognition, and neural networks, which even go to the extent of using Artificial intelligence to predict the winning probability of the next signal...

But there are brilliant traders, who just read the tape, that is just look at a chart, market depth and trigger some fantastic trades..

What I was trying to say was, if the idea is to look at a chart, add a couple of Moving average lines, a RSI, and look at candles, it is probably not financially viable to spend 30k on a software and then pay 4k/month on data feeds.
As I said earlier, that would be like buying a porsche and driving at 60km/hr.

wht does the "data feed" for an EOD constitute?Kindly elaborate.

 

[Zerodha]

wht does the "data feed" for an EOD constitute?Kindly elaborate.

There is no really a live data feed required if you are looking at EOD data. THis is actually available as bhav copy for free on NSE website.