Update schedules: Ensure that your screener has been updated so that the data is relevant and up-to-date. Different screeners can update at different times.
The intraday trading analysis involves keeping up with stocks in real-time when the market is open. Analysis can require looking for stock above periods moving average, biggest movers of the day, and so on. By immediately locating market trends as they occur, traders can easily jump onto the price highs and lows. This means that the selected stock scanner must be robust and able to analyze data rapidly.
Common features of stock scanners for intraday trading are:. Real-time scanning: Traders must get a live view of market happenings. For this they need access and rapid, real-time connection to Indian equity markets. Paper or demo trading: Many screeners provide features like paper trading to help traders develop their skills without the risk of losing money.
Watchlists: Most stock scanners for intraday trading have watchlists of various stocks, sectors, and other market niches. Database: Scanners must have accurate information on company profiles and other details to ensure proper research. Customizable scans: Scanners provide options for a single rule, multi-rule, and variable scans.
Users can save the scans they want and run them anytime. Some scanners even have preconfigured scans like crossovers and gappers in the library.
Stock Types: Popular scanners allow scanning for various stock categories like foreign stocks, regular securities, bankrupt stocks, etc. Technical and fundamental filters: Technical indicators and variables can include moving average convergence divergence MACD , statistical charts like Bollinger bands, and so on. Share structure, market capitalization, financials, and similar other filters are a part of fundamental variables.
Traders must be careful of false trading signals and use those proven to be best over the years. Auto sorting: Automatically sort the stocks based on their liquidity and volatility. Downloads: Analysis results of any scan can be downloaded in CSV and other supported formats. Some of the best stock screeners that are powerful and can assist Indian traders and investors in day trading are:. There are customizable preset scans, and tracking is done based on technical, fundamental, and social data.
A column shows where the latest print stands compared to other day prints. The idea surfing feature constantly updates lists and charts in real-time.
The premium plan is offered at INR 1,65, TradingView is a web-based charting and screening tool that enables screening on fundamental and technical indicators using multiple timeframes. In addition, it offers international stock exchange data in real-time.
There are options to create watchlists, view stock details, get news, and so on. Preset scans Hotlists help traders find the big movers for the day. Traders and investors can also create their stock scans. TradingView Price: The basic plan is ad-free and available for free.
Pro plan starts at INR 1, Ticker Tape is an easy-to-use stock screener which can help traders with the stock screening process a lot.
In addition, it has a great website suitable for beginners to professional traders and investors. It offers stocks, exchange-traded funds ETFs , indices, and mutual funds. There are numerous stock filters such as sector, market capitalization, close price, and more applicable on a single tab.
Users can further customize the results based on their needs. A free trial of 14 days is also available. MoneyControl stock screener uses the latest updates from Indian and international financial markets to screen stocks. Users can monitor their investments and get expert views. The mobile app offers voice-based search too. The forum message board allows participants to engage in discussions depending on their interests.
In addition, a smart calendar containing all-important business and economic events is also available. There are yearly plans available too. The criteria can be saved for reloading anytime. Real-time scanning works during trading days at a fixed time. Sectors available include energy, consumer staples, information technology IT , financials, healthcare, industrials, and so on. Zerodha Share Price : Zerodha, an intraday stock screener, is a part of Tickertape.
It provides in-depth company analysis compared to its peers according to factors like earnings, dividend strength, debt, and more. The fundamental data is gathered from FactSet financial database. The search is quite simple, and navigation is easy. It saves research time by suggesting stocks to traders and investors. The platform offers stock and ETF research also. Pricing of Capital Cube: Pricing is available on request. A free trial is available.
Investing screener offers various filters such as dividends, ratios, price, fundamentals, and volume. In addition, this NSE screener provides charts and quotes and the latest news and other information related to each company. It is mainly used for the fundamental analysis of stocks. Users can create their watch lists and analyze them with query builder. Using basic parameters, it acts as a readymade stock screener and compares previous quarters for companies in the same sector.
The premium plan starts at INR 4, per year. Edelweiss stock screener is an offering from one of the most popular brokerage houses in India. The mobile app helps traders make decisions on the go. Pricing: Screener is available for free in both Lite and Elite plans. Trendlyne is a website that can be used for query-based personalized screening focusing on both fundamental and technical analysis. It provides research reports, stock alerts, the latest business news, and others.
It is mandatory to register yourself before use. It gives updates on top losers and gainers, new highs and lows, and other relevant data for intraday trading. Trendlyne Price: It has both free and paid options. The pricing for the basic version starts at INR annually. Equity Boss screens stocks using a rating and grading system. Grading depends on consistency and market performance over some time. The categories include best for potential outperformer stocks, good for consistent performers and poor for non-performing ones.
It is beginner-friendly and provides in-depth insights for making investment decisions. This list is a compilation of 10 different online screening tools based on individual priorities. While committing to one of these screening tools may take some experimentation, many of them on this list are free to use or offer free trials, allowing investors to explore their functionality and find what suits them the best.
TradingView offers a robust and easy-to-use screening tool suitable for both new investors and seasoned veterans. It has a wide selection of technical specifications, allowing the user to quickly and accurately screen stocks, preferred stocks, depositary receipts and exchange-traded funds ETFs. The tool focuses on technical analysis but have a surprisingly user-friendly interface — something often neglected by screeners with its caliber of technology.
TradingView has very little in the way of descriptive analysis, although it does offer some basic suggestions from analysts. The screener is usable in a number of other markets, with an impressive system for both foreign exchange Forex and Cryptocurrency.
Screens can be saved and alerts set for securities on a watchlist. Most notably, all of these features alongside the detailed charting tools and rich fundamental analysis are available in the free version. Those who opt for the pro version will find slightly fewer interface restrictions, such as being able to open more charts at once for comparison, but they also will have access to real-time data. Although expansive, the free version of TradingView has delayed data, so investors executing more advanced strategies or day trading may want to consider the pro-version.
It is remarkably easy to navigate and allows the user to see both fundamental data and technical charts for every result of the screen simply by scrolling through the page, where other tools may require you to open a new tab for each one.
For this and the wealth of customization options, comparing securities on Finviz is a breeze and fantastic way to view fundamental data on a clean interface. The program falls short in two areas: there is no way to narrow your search to ETFs or mutual funds, and multiple filters of the same type cannot be used simultaneously, restricting how specific the users can make any search.
The free version of Finviz is very complete but like TradingView, requires a premium subscription to access real-time data. Finviz Elite also gives investors pre-market data, a backtest-engine and additional screening filters to accelerate the search further still. Although its features are expansive, it lacks the breadth and detail of a few more rigorous screening tools later in this list.
Investors interested in using technical data to aid their trading strategy should consider this a fantastic starting point. Although there is no free trial, Finviz does honor a day money-back guarantee.
Yahoo Finance is a popular option with a long list of free functionalities. The premium version allows access to company outlook and a satisfying number of technical metrics, but the strength of Yahoo Finance is its clear, simple presentation of both quantitative and qualitative data, most of which is available without cost.
Unlike other free screening tools, the website streams quotes in real-time. It can screen for equities, mutual funds, ETFs, futures, and indexes with a long list of filters to fit the specific needs of a given portfolio.
It also offers downloadable historical data for many of these securities. Yahoo Finance has a comprehensive list of pre-built screens and allows users to build and save their own. While results are not as conveniently organizable or comparable as some other screeners, Yahoo Finance does offer a heatmap to view them.
This can be a helpful visual for interpreting the changes in a given market or large group of securities. The website is easy to navigate and gives investors useful qualitative information, such as top holders, sustainability, a convenient news section and detailed company or fund profiles.
However, although the technical side is pleasing, it is only really available to premium subscribers. What Stock Rover lacks in ease it makes up for in sheer power. Investments can be charted and rigorously compared with real-time data that is accurate to the minute, allowing for in-depth analysis several steps above the industry standard. Investors can use Stock Rover to create complicated equations, do correlation analysis, and use basic logic to get even more specific with their screening activities.
Viewing the results of a screen is not difficult either, as moving the mouse over any particular security will give the user a cursory overview, with a basic chart and all of the central fundamental data. The tool is just as powerful when scanning for exchange-traded and mutual funds.
Stock Rover is consistently a top choice for value investors. Those new to investing will likely be overwhelmed by the sheer mass of data, and even more experienced investors may have a hard time navigating the screener without decision fatigue. Stock Rover has a lot of options that, for the majority of investors, will be unnecessary and somewhat gratuitous. Choose from price data, volume data, fundamental metrics, and popular technical indicators. We can also add additional filters.
Note that you can also save your stock screens so that you can use them again in the future or return to them to add additional parameters. Stock screeners can be extremely powerful when used properly. However, screener results can also be misleading if your scan is not designed carefully. Here are four tips to help you get started with building stock screeners:.
The most important thing to keep in mind when designing stock screeners is to keep your screen as simple as possible. Usually, less is more when it comes to building a stock screen. Simpler screeners are more flexible in changing market conditions and less prone to error. If you feel that you need a more complex screen, try starting with a simpler scan and adding parameters one at a time. Think about what goes into your ideal trading setup and then build a screen that finds stocks that exhibit those conditions.
Stock screeners like Scanz allow you to modify the timeframe of your screen parameters. For example, you can screen stocks based on a minute moving average or based on a day moving average. Think about what timeframe is appropriate for your strategy and goals when setting up filters, and make sure that all of your parameters are operating on the same timeframe.
A stock screener like Scanz can be an extremely useful tool for improving your trading. A well-built screener allows you to focus in on stocks that already meet many of the criteria of your trading strategy.
As a result, stock screeners can save you time and help you trade more effectively. Ready to start building your first stock screener? Check out some of our video guides and blog posts for some ideas and tutorials. Want to get alerts for the best trading opportunities? Here are 3 ways you can get fresh, actionable alerts every single day.
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