Top Technical Indicators to Use with NSE Screener
Introduction
Technical indicators are essential tools for traders to analyze price trends, momentum, and possible reversals. While the official NSE Screener doesn’t support advanced technical filters directly, you can still apply these indicators on Chartink, TradingView, or broker platforms using NSE-listed stocks. In this post, we’ll explore the top technical indicators to use with NSE Screener and how to build filters for practical trade setups.
Why Use Technical Indicators?
Technical indicators help:
- Spot trend direction (EMA, MACD)
- Identify overbought/oversold conditions (RSI, Stochastics)
- Confirm volume and momentum (OBV, Volume spikes)
- Time entries and exits effectively
When used with NSE Screener filters like volume, price, and sector, they significantly increase your edge.
1. Relative Strength Index (RSI)
Purpose:
Measures momentum and identifies overbought/oversold zones.
Common RSI Strategies:
- RSI < 30 = Oversold (buy signal)
- RSI > 70 = Overbought (sell/exit signal)
- RSI between 45–60 = Strong trending zone (ideal for swing trades)
Chartink Filter Example:
textCopyEditRSI(14) > 45 AND RSI(14) < 60
2. Exponential Moving Average (EMA)
Purpose:
Smooths price data and shows trend direction.
Common Settings:
- 20 EMA: Short-term trend
- 50 EMA: Medium-term
- 200 EMA: Long-term support/resistance
Filter Example:
textCopyEditClose > EMA(Close, 50)
Use it to identify stocks trading above key support levels.
3. MACD (Moving Average Convergence Divergence)
Purpose:
Shows trend reversals and momentum shifts.
Signals:
- Bullish crossover: MACD Line crosses above Signal Line
- Bearish crossover: MACD Line crosses below Signal Line
Filter Example:
textCopyEditMACD Line crosses above Signal Line
📌 Works well with EMA and volume confirmation.
4. Average True Range (ATR)
Purpose:
Measures volatility. Higher ATR means wider price swings.
How to Use:
- Avoid low ATR stocks for momentum trading
- Prefer ATR rising for breakout setups
Use ATR on TradingView for real-time trade management (not supported on NSE Screener).
5. Volume Spike + Price Action
Purpose:
Validates breakouts and entry signals.
Filter Example:
textCopyEditVolume > 2 * SMA(Volume, 20)
AND
Close > High 1 day ago
This identifies high-volume breakouts ideal for short-term or swing trades.
6. Stochastic Oscillator
Purpose:
Similar to RSI, but more sensitive to price reversals.
Signal:
- Below 20 = Oversold
- Above 80 = Overbought
Use it for bounce trades, especially near support levels.
7. Bollinger Bands
Purpose:
Measures price volatility using standard deviations around a moving average.
Strategy:
- Price touching lower band = Potential reversal zone
- Price breaking upper band = Momentum continuation
Use TradingView or broker charts to monitor visually.
Best Platforms to Apply Technical Filters
| Platform | Supports Indicators? | Real-Time? | Notes |
|---|---|---|---|
| Chartink | ✅ Yes | ✅ (Pro) | Best for building custom technical filters |
| TradingView | ✅ Yes | ✅ (delay for free) | Great for chart-based alerts and analysis |
| Zerodha Kite / Fyers | ✅ Yes | ✅ | Broker platforms with integrated scanners |
| NSE Screener | ❌ No | ❌ | Use only for basic price/volume scans |
Combining Indicators for Better Trades
Example Setup:
textCopyEditRSI(14) > 45 AND
Close > EMA(Close, 20) AND
MACD crossover AND
Volume > 2x average
This screen identifies trending stocks with momentum and breakout potential—ideal for short-term trades.
FAQs
Can I apply RSI or MACD directly on NSE Screener?
No. Use Chartink or TradingView to apply these filters with NSE-listed stocks.
Which indicators are best for beginners?
Start with RSI, EMA, and Volume Surge. These are easy to interpret and highly effective.
Do indicators guarantee profits?
No. They are tools for confirmation and filtering. Always combine with proper risk management and price action analysis.
Conclusion
Using technical indicators with your NSE stock screening process gives you an edge in identifying high-probability trades. Whether you’re trading short-term momentum or longer trends, indicators like RSI, EMA, MACD, and volume breakouts are proven tools used by successful traders.
Explore ready-made filters, case studies, and technical guides at NSEScreener.com to sharpen your strategy.
