How Symbol Meter On Fyers One Is Useful For Trading Stocks
How Symbol Meter On Fyers One Is Useful For Trading Stocks

Symbol meter is a feature that shows you the movement of stocks within different indices and industry groups. It is similar to heat maps. With this feature, you can manually add or subtract stocks from a group to focus on only a select few. For the technical analysis of stocks, this is a very useful feature that saves time in trading and can potentially make your technical analysis of stocks better. For example, let’s say you want to know the composition of which stocks of the Nifty index have moved and by how much. Also, let’s assume you want to exclude Metals & Energy stocks in your analysis for some reason. You can do that by using the Symbol Meter. It gives you the flexibility of trading those stocks within an index that you are tracking and ignore the others. This feature is not available in heat maps as it shows the aggregate of all the stocks. Also, with the Symbol Meter, you can choose from almost all the sectors and indices including Nifty 50, Bank Nifty, Nifty Midcap, Nifty 100, etc. You can also get a graphical presentation of the underlying futures and options of all scrips including Nifty Futures and Options on NSE.

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