Guess what!
Trading just got more exhilarating with FYERS' new launch of Web 1.5, an upgraded version of the web-based trading platform which is super popular with traders. It has many new features and enhancements, elevating the overall trading experience. In this post, you will learn t what's in store for you in FYERS Web 1.5.
Powerful Custom Time Frames.
You can now customize your timeframes for up to 240 minutes for candles, allowing you to view the market from different perspectives and adjust your trading style accordingly. For example, if you are a scalper who wants to take advantage of small price fluctuations, you can use shorter time frames like 4 minutes or 5 minutes to spot entry and exit points. On the other hand, if you are a swing trader who wants to capture larger price movements over a longer period of time, you can use longer time frames like 90 minutes or 210 minutes to filter out the noise and focus on the main direction of the market. By using interim time frames, you can enhance your trading performance and efficiency.
New Charts Added
You can now choose from different chart types to analyze price actions more closely, such as columns, step lines, HLC areas, and high-low. Each chart type is important, and the usage depends on your trading strategy and preference.
Columns
This chart type displays the price data as vertical bars with different colors for up and down movements. It can help you visualize the volume and direction of price movements.
Step Line
This chart type displays the price data as a series of horizontal and vertical segments that connect the data points. It can help you eliminate noise and focus on significant price changes.
HLC Area
This chart type displays the price data as an area chart with high, low, and close values. It can help you see each period's high, low, and close prices.
High low
This chart type displays the price data as vertical lines that show the high and low values for each period. High lows can help you see the range of price movements within each period.
To change the chart type, click the chart symbol on the top menu bar and select your preferred option.
Order Window Auto-Close/Fixed Order window
You can now opt not to close the order window after placing an order, saving you time and hassle when placing multiple orders consistently. This feature comes in handy if you're placing the quantities over and above the freeze quantities. You can also turn on or off this feature from the settings menu according to your preference.
Quick Switching on the Option Chain
You can now access popular options chain of indices (NIFTY, BANKNIFTY, FINNIFTY) for quick reference under the option chain search. This can help you find the best options contracts for your trading strategy without having to do it manually. You can customize your option chain display by choosing filters such as strike price range, expiry date, call/put type, etc.
Buy/Sell Icon on the Layout.
You can now place orders faster and easier with the buy/sell icon on the layout, which minimizes the order window and shows you essential information such as symbol name, order type, quantity, price, trigger price, validity, etc. You can also modify or cancel your orders from the same icon. This can help you save time and hassle when placing orders on the go.
Export Tab Data
You can now export data from any trading tab on the dashboard to a CSV file, which can help you keep track of your trades and performance outside the FYERS Web interface. You can choose the tab data you want to export from the dashboard menu, such as orders, positions, holdings, funds, etc. You can also use this feature to back up your data or share it with others.
Stickers/Emojis on the Drawing Tool
You can now add personality to your charts with stickers and emojis, which can also help highlight essential points or areas of interest. For example, you can use stickers like arrows, stars, hearts, etc., to mark entry or exit points, support or resistance levels, breakouts or breakdowns, etc. You can also use emojis like smileys, thumbs up/down, fire/water drops, etc., to express your emotions or opinions about a trade or a symbol.
Global Products Menu on the Layout
You can now access all our products from the product menu on FYERS web, just like on our website. You can choose different trading and investment products, such as FYERS App, FYERS One, TradingView, FYERS Pledge, IPO, SGB, Debt Markets, etc. Also, you can check out different calculators, learn the stock market through the School of Stocks, deploy algorithmic trading strategies using FYERS API Bridge, and access My Account and noticeboard updates at the click of the mouse.
Import/Export Watchlist
You can now import or export your custom watchlist from the 'Options' section. You can create multiple watchlists for different segments, strategies, or themes and import or export them as CSV files. You can also share your watchlists with others or use theirs for inspiration.
Accelerator Oscillator Indicator
A new indicator called the Accelerator Oscillator, which measures the acceleration or deceleration of the current market driving force, is introduced. This indicator can help you identify trend reversals and momentum changes before they happen. It can also help you confirm the strength or weakness of a trend. The indicator comprises a histogram that oscillates above and below zero. When the histogram is above zero, it indicates that the market is accelerating upwards. When the histogram is below zero, it means that the market is decelerating downwards. When the histogram changes its direction, it indicates that a trend reversal or a momentum change is likely to occur.
Apply Volume Profile on the Fixed Range.
You can now visualize the volume profile for a symbol for your preferred timeframe, which can help you identify areas of support and resistance based on volume distribution. The volume profile shows how much volume got traded at each price level within a given period. It comprises horizontal bars that indicate the volume at each price level. The longer the bar, the higher the volume. The volume profile also shows a point of control (POC), which is the price level with the highest volume traded within a given period. The POC is a balance point between buyers and sellers and often serves as a strong support or resistance level.
Added Middle Band for the RSI Indicator.
A middle band got added to the RSI indicator. The middle band can help you identify the dominant trend of the market. For example, if the RSI is above the middle band, it indicates a bullish trend; if it is below the middle band, it means a bearish trend. You can use this information to identify overbought/oversold levels, align your trades with the trend and avoid trading against it. This is an incremental feature that could help make using the RSI indicator visually easier for traders.
Order slicing
Order slicing is the new feature that allows you to trade large orders without impacting market price or placing orders manually. It splits your orders into smaller chunks executed one by one until your desired quantity is filled. The size of each chunk depends on the freeze quantity of the instrument you are trading, which is the maximum number of contracts that can be bought or sold in a single order.
For instance, if you want to buy 2500 quantities of NIFTY Options with a freeze quantity of 1800, the order slicing feature will divide your order into 1800 and 700. This way, your order can be filled faster and more efficiently without placing two separate orders and avoiding impact costs. It can be incredibly useful to those who trade large quantities in the derivatives segment.
Check out the below image for a quick reference:
Conclusion
At FYERS, we don't just provide you with a generic platform; we provide you with powerful and innovative features which could potentially enhance your performance as a DIY trader in various ways. We always cater to the evolving needs and preferences of the trading community at large..
The revelation of Web 1.5 lays thrust on our ability to act swiftly on your valuable inputs and feedback. We want you to trade with ease, confidence, and satisfaction.
Be sure to upgrade your trading experience with FYERS Web 1.5. If you are new to FYERS, open a demat account instantly and reap the rewards of trading. If you are already our customer and find our products and services useful, do consider referring your friends here.
Happy Trading!