Thread : Trading Applications that I use on a daily basis🧵
1) After putting a detailed post on hardware & multi-monitor setup. Few asked for softwares I use for trading.
So I am listing softwares/apps which I find the most useful for trading & investing
2) Trading View or Kite app
I use trading view for intraday charts.
As I trade intraday, I use the 5 min time frame.
My chart is simple with 20 sma plotted on it along with CPR(central pivot range)
Price > 20 sma & CPR indicates bullish trend for intraday & vice-versa
As I majorly trade option premiums(short volatility or theta decay strategies)
I keep a track of combined premium of strangle using @iChartsIndia
Combined premium should be trending down & below VWAP to create a strangle
As I need to provide analysis on TV channel.
I need to analyse overall market breadth, futures data & option chain activitiy.
Futures Data : Long Builtup/Short Builtup
Options Data : Max Call OI/ Put OI
Market Breadth : For overall sentiment
I used @SpiderSoftIn to scan momentum stocks for intraday.
Spider helps in identfiying :
stocks hitting 52 week high/ low
Stocks making day high/low
Stocks with large buying single orders