Tracking market data on various different websites is quite a cumbersome and time consuming task for traders. I have personally been through the inconvenience of having to move from one website to another to track the latest information on a daily basis. It is quite a distracting endeavor. To help make it easier, we have introduced some useful TradingView widgets on FYERS.
With these unique widgets, you can get the following information on FYERS:
1. Fundamentals Widget – In a snapshot, get the most important information on the company’s financials that include valuations, balance sheet details, operating metrics, margins, etc. The widget also provides a stock profile with a basic overview about the chosen company’s business operations. This widget can be used to get quick fundamental information only. For detailed analysis, you will need more details that are readily available elsewhere. You can get all this data about the stocks listed on NSE & BSE. The fundamental data is provided & updated by TradingView’s sources. Here’s a screenshot of a sample Fundamental Widget & Company Profile for your reference.
2. Technical Analysis Widget – This tool categorizes stocks into Strong Buy/Buy/Neutral/Sell/Strong Sell categories based on the results of 28 different indicators. Using this feature, you can determine the technical strength/weakness of stocks in different time frames ranging from 1 minute charts all the way up to 1 month time frame charts. In total, we currently provide 8 different time frames. You can do this for all stocks listed on NSE & BSE. You can use the technical strength widget as a reference point to refine your analysis and take more informed trading decisions. Here’s an image of what it looks like:
3. Economic Calendar – Macro Economic data is essential information for traders. With this tool, you can track the data releases related to the economy and financial markets. Events that are of high importance can cause volatility in the market and awareness about the upcoming announcements can help a trader to make informed trading decisions. For instance, if you know that there is an important RBI announcement or Inflation numbers coming up, then you can either position your trades accordingly or choose to stay away from trading to avoid getting whipsawed depending on how you see the situation. We have set India as the default country but you can add other countries’ economic calendars if you choose to track them. The Economic Calendar does not get the deserved attention and is more often than not, overlooked by the majority of retail traders. However, we would like to stress on the fact that it is very important and it doesn’t take too much effort to keep a track of it. We have lined it up alongside other widgets so that it is easily accessible to you. Below, is an image of what the Economic Calendar looks like:
4. Forex Rates – This widget allows you to analyze the world forex markets in realtime at a glance. You can track the live performance of all the major currency pairs around the world. It also contains a heat map to give a quick overview of the strength and weaknesses of major currencies against one another. This information is very useful for currency traders especially after NSE introduced Cross Currency Trading. We are among a handful of brokerages that has enabled the cross-currency segment. This is a step to help increase the market participation of retail traders in this space. I believe trading should be a wee bit more convenient with access to the relevant data in the Forex widget. Here’s what the Forex Widgets look like:
How to Access these Widgets
You can access the TradingView widgets from FYERS Web. Just right-click on the chart and open the menu. There, you can open each of the above-mentioned widgets.You will be able to access additional widgets that we will introduce in the future in the same place. Here’s a screenshot to help you locate it in the right-click menu:
We hope you like these new features and we’re glad that many of you from the trading community interact with us online and let us know what would add value to you. We will continue to add new features on these lines and keep you posted in the near future. In the meantime, if you enjoy trading with us, do refer your trading buddies here.
Tejas is the Co-Founder & CEO at FYERS, the youngest team to get NSE’s broker license. He has a specialization in finance and has over 10 years of work experience spanning across proprietary trading, risk management, and broking. Tejas & his team started FYERS, a technology-focused brokerage as a mission to transform the trading/investment landscape in India.