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
3) Icharts

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
4) QuantsApp

As I need to provide analysis on TV channel.

I need to analyse overall market breadth, futures data & option chain activitiy.

@quantsapp provides

Futures Data : Long Builtup/Short Builtup
Options Data : Max Call OI/ Put OI
Market Breadth : For overall sentiment
5) Spider

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
6) Bloomberg

Helps in quick real time news.

Bloomberg is useful only if you trade mutliple markets & need access to various data quickly.

Bloomberg is an expensive software costing around 25 L per year.

One can skip bloomberg as cost is too high
7) GreekSoft

I use Greeksoft for multi leg order execution. It allows you to punch 1000+ lots of strangles/ straddles as a single order.

One can put SL on combined premium, do order slicing & many more such things.

Needed only if you trade big qty multi leg option trades
8) Ranking System (Proprietary)

Use an inhouse ranking system based on simple concepts of momentum,trend & derivatives data across time frames.

It is available only to IIFL members under our franchise(for free). To know more can check below :

https://t.co/wqzN2OtJYL
9) Opstra by @Definedge

Opstra is useful in

-Creating option payoff

- Has historical result calendar with time

-Volatility Skew Analysis
10) Fundamental Data

a) @screener_in

Screener is useful in scanning stocks based on Fundamental parameters & also provides a quick overview of the company.

You can quickly find good companies based on fundamental parameters
10 b ) Stock Edge

@mystockedge is useful in

scanning bulk/ block deals
Checking top investor portfolios
Check company filings
IPO notes
Concall analysis
10 c) https://t.co/B2flmgzmGH

@drvijaymalik has built a great framework to analyse company in depth based on various fundamental parameters.

I personally use it to scan fundamental stocks.
11) I hope you found the above thread useful.

Goodluck on your Trading Journey !

End

More from Sourabh Sisodiya, CFA

More from Screeners

TradingView isn't just charts

It's much more powerful than you think

9 things TradingView can do, you'll wish you knew yesterday: 🧵

Collaborated with @niki_poojary

1/ Free Multi Timeframe Analysis

Step 1. Download Vivaldi Browser

Step 2. Login to trading view

Step 3. Open bank nifty chart in 4 separate windows

Step 4. Click on the first tab and shift + click by mouse on the last tab.

Step 5. Select "Tile all 4 tabs"


What happens is you get 4 charts joint on one screen.

Refer to the attached picture.

The best part about this is this is absolutely free to do.

Also, do note:

I do not have the paid version of trading view.


2/ Free Multiple Watchlists

Go through this informative thread where @sarosijghosh teaches you how to create multiple free watchlists in the free


3/ Free Segregation into different headers/sectors

You can create multiple sections sector-wise for free.

1. Long tap on any index/stock and click on "Add section above."
2. Secgregate the stocks/indices based on where they belong.

Kinda like how I did in the picture below.

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