The stock screener is broadly classified into two: Technical Stock Screener & Fundamental Stock Screener.
Technical stock screener usually screens the stocks which are usually followed by the chartist. There are two types of technical stock indicators one is Live Technical Stock Indicator another one is End of Day Technical indicator. Today we are going to focus only on the End of Day technical Stock Screener which are widely accepted.
Technical stock screener earlier was based on the desktop application wherein you have to download the end of the stock trading values and then import into the application for reading the values. Technical analysis becomes easy with a technical stock screener.
These days most of the Technical Stock Indicators are on cloud or online. The process of importing the data is no longer required.
Nevertheless, the contemporary technical stock screener is so advanced that you can develop your own screener and set up for daily screening. Daily morning the screener will run automatically on the updated data and send you an email as per your customised list.
The factors that are considered by the Technical Stock Screener are listed below:
- Moving Averages
- Trend Indicators
- Chart Patterns
- Technical Indicators
- Money Flow
Let’s get down to see the list of Top Technical Indicators for the Indian Traders.
The list is not a ranking for the available Technical Stock Indicators.
Technical Stock Indicators
A good technical strategy is not enough, there are hundreds of stock and their price is changing on a continuous basis. Even if you had a good strategy you would have to sit in front of the system for the whole day waiting for triggers.
A stock screener is a boost to your trading strategy. It gives you the right stock for the right time by the indicators selected or customised by you. Most importantly it saves a lot of time.
There are thousands of websites which give stock recommendations and tips, but there is none which is honest enough to show picks which resulted in losses. As a trader, you have the right to know what you are getting when you are making the payment.
This is a Paid Tool
Techpaisa says, “We don’t want you to fool you or trick you to make the payment once. We are not claiming that our product or strategy is the best but what we are saying is that it is transparent. We are not hiding our past performance”.
Most of the popular technical indicators are covered here.
It also gives you a snapshot of Technical Analysis, Corporate Actions & End of Day Share Price Details.
You can also subscribe them for the daily dose of stock screened stocks.
Trendlyne is not only focused on technical stock screener they have many other options also.
Technical Analysis screen is very limited in nature because of this. Although limited they cover all the important and popular technical screener. If you are looking for more options and customization then this website is not for you.
They have limited options which are very crisp and clear.
I love their heat map for stocks very few website have heatmap with customization options.
Most people confuse bigpaisa with 5paisa. Bigpaisa is a seprate entity dealing with basic stock screener.
Good Options, Limited, No Customization Options available. Email trigger not available. It is Free and Easy to use.
TradersCockpit.com owned by Gumption Labs Software Solutions Pvt Ltd (founded by IIT/IIM/XLRI Alumnus) is India’s premier Cloud based Financial Markets Data Analytics Software Provider which makes day to day decision making much easier for anyone whether he is a trader, investor, speculator or a hedger.
Traderscockpit has more options than most other websites. They have categorised these into the following.
Other Detailed Tool Categories AvAilable with Traders Cockpit
- Customizable Screener
- Stock Specific Screener
- Screeners and Calculators
- Backtesting Tools
- EOD Analysis
- FO Analysis
- EOD Analysis
This is a Premium Paid Tool where the Subscription price ranges from Rs. 990 to 4990 monthly. And the features range from.
- Technical Screeners
- Patterns Screeners
- Divergences Screener
- Multi-time Frame Screeners
- Options Module
- Options Portfolio Tracker
- Advance Tools
- Advance Indicators
- Strategy Labs (BackTesting)
- Custom Coding TC Proprietary Indicators
This website has got all that one needs to start with.
Is it free to use, very easy to understand. Has many pre-developed popular technical scanners. There are a lot of aspects covered for the purpose of screening.
- Moving Avg
Their drill now reporting system it makes very easy to use and understand. You can easily reach to a conclusion without taking many efforts.
The options available with topstockresearch are limited only to your research requirement.
Their customization options are amazing and easy to use. It takes a little time to give the reports. Most importantly its free to use.
Topstockresearch is definitely Free Online Comprehensive Technical Analysis of Stocks & Technical Stock Screener.
Technical stock screener are critical for a successful stock trading. They are undoubtedly the best means of acquiring a stocks’s information and further screening them to one.
However, if you’re not yet building your own technical analysis because you think it’s too time-consuming or too tedious, you’re really neglecting the enormous power they potentially hold.
If you are not using technical stock screener you’re leaving a lot of money on the table.
And you should never do that.
Which one of these technical stock screener is your favorite? Which ones have you tried and which ones would you like to try? Let me know your thoughts in the comments below!