How to Create a Custom Stock Scanner on Chartink

Chartink is a powerful stock screener for Indian markets that allows traders to create custom scans using a combination of technical and fundamental indicators. Below is a step-by-step guide on how to create a custom stock scanner on Chartink.

Step 1: Access Chartink Scanner

1. Visit Chartink.
2. Click on “Screeners” at the top to view pre-built scans.
3. To create a custom scan, click on “Create Scan” in the top menu.

Step 2: Understanding Chartink’s Scanner Language

• Chartink uses a query-based system that resembles SQL-like syntax.
• The scanner works with:
  • Technical Indicators (SMA, RSI, MACD, etc.)
  • Candlestick Patterns (Doji, Hammer, etc.)
  • Fundamental Metrics (Revenue, PE Ratio, etc.)

Step 3: Define Your Custom Criteria

1. Choose Your Indicators

   • Example: RSI > 60 & MACD Crossover
   • Sample Query:
     RSI(14) > 60 AND MACD Line(12, 26, 9) > MACD Signal(12, 26, 9)


2. Filter Based on Volume

   • Example: Stocks with High Volume
     Volume > 500000


3. Price-Based Conditions

   • Example: Stocks Closing Above 50-Day Moving Average
     Close > SMA(50)


4. Combining Multiple Conditions

   • Example: Bullish Breakout Criteria
     Close > SMA(50) AND RSI(14) > 60 AND Volume > 1000000


Step 4: Test and Optimize Your Scanner

• Click on “Run Scan” to see live results.
• Adjust the parameters if needed.

Step 5: Save & Use the Scanner

• Click on “Save Scan” and give it a name.
• You can access it anytime from “My Scans”.

Step 6: Get Alerts for Scanned Stocks

• Chartink offers premium services for real-time alerts.
• Set notifications via Email or Telegram.

Conclusion

Creating a custom stock scanner on Chartink helps traders filter stocks based on personalized strategies. By using a combination of technical and fundamental indicators, you can identify high-probability trade setups efficiently.