Intraday Real Time Data: Intraday-Realtime-Data

Table of Contents

Introduction

What is Intraday Real-Time Data?

Intraday Real-time Data Providers.

How to access the Intraday Realtime Data?

Difference of Intraday Data and EOD Data.

Intraday Realtime Data in Intraday Trading.

Intraday Realtime Data monitoring.

Customize your Intraday Realtime Data.

Pros and cons of intraday realtime data.

Conclusion

1.Introduction

Intraday Realtime Data as the name suggests refers to the data of stock involved in trading system where you have to square-off your trade on the same day.Squaring off the trade means that you have to do the buy and sell or sell and buy transaction on the same day before the market close.Intraday Trading is also referred to as Day trading by many traders.Day trading is speculation in securities, specifically buying and selling within the same trading day, such that all market close for the trading day.

INTRADAY TRADER

2. What is Intraday Real-Time Data?

Real-time Data,in general refers to the tick by tick live updation of the scrips with respect to current market price.As far as intraday Real-Time Data is concerned,it is the tick by tick data for trading live markets, watching live charts where buy sell entries are made using different intraday trading strategies.

NIFTY INTRADAY CHART

In Intraday trading ,we can sell shares within seconds,minutes and hours as well.You can sell it at any time of day,when you feel that the profit has reached. But all the shares should be sold within same day.Intraday trading gives you high profit ,if you analyse and trade perfectly and also makes you big loss if you dont trade perfectly.

Intraday traders pay close attention to intraday price movement by using real-time data charts in an attempt to benefit from the short-time price fluctuations.

3.Intraday Real-Time Data Providers

The following can be categorized as real-time data provided by a Real-time data provider.According to the type of scrips used in the market,they can be of the following segments.

Intraday Realtime Data for NSE: In Equity segment , we provide live realtime data for intraday trading.As a miss of tick in the live Updates can cost a lot to the traders.So,live tick by tick updation is necessary in intraday trading.As, they are most concerned with the rise and fall of the prices within a particular day.Most traded stock such as NIFTY, futures, cash., etc.

NIFTY REALTIME DATA

Intraday Realtime Data for MCX,NCDEX: In commodity segment,we provide most traded stocks live updates tick by tick.The mostly traded stocks are used for intraday trading i.e gold,silver,copper.aluminium,etc.

MCX GOLD CHART



           4.How to Access the Intraday Realtime Data

Intraday Realtime Data can be retrieved using the following general indicators of charting platforms. Following are the terms which are needed while accessing intraday realtime data:

Open - The first price at which the stock opens when market opens in the morning.
Close - The stock price at which it remains after the end of market timings or the final price of the stock when the market closes for a day.
High - The stock price reached at the highest level in a day.
Low - The stock price reached the lowest level in a day.

To Get access to live tick by tick updation on best charting platforms like Amibroker and Metastock, most referred and recommended softwares are available from http://www.rtdsdata.com. Realtime data software is available at reasonable bucks for instant tick by tick updation.

         5.Difference of Intraday Data and EOD Data

Intraday Data as the name suggests,refers to the price variations of any particular stock within one day.It generally have the open price ,close price, high and low prices ,as well.

BANKNIFTY CHART

EOD data simply refers to the final cost value of a particular stock at end of the day.EOD data is concerned mainly with the price of the stock after closing of the market.

BHARTIAIRTEL EOD

         6.Intraday Realtime Data in Intraday Trading

The Realtime data which we provide is based on simple calculations of the software which continuosly updates the stock values with current market prices.The updates are almost same with the current market price of the stock.When Intraday trading occurs,the traders are concerned with the price status of the stock on daily format.

The Realtime Market updates can be obtained from the link http://www.nse-realtimedata.com.Intraday data comes with a handful data of the stock for a trader who trades intraday.



            7.Intraday Realtime Data Monitoring

Intraday Realtime Data needs a hawk eye for continuos monitoring of the stock updation.

Below is an example of trade records of FMG (Fortescue Metals Group) traded on ASX for 30th Sep,2011.
```
      Date                Time             Symbol        Exch             Price            Quantity
 20110930   11:14:24.475    FMG      ASX      4.62        1000
 20110930   11:14:24.475    FMG      ASX      4.62        5000
 20110930   11:14:24.475    FMG      ASX      4.62         249
 20110930   11:14:24.477    FMG      ASX      4.62       25722
 20110930   11:14:24.480    FMG      ASX      4.62        1518
 20110930   11:14:24.482    FMG      ASX      4.62         113
 20110930   11:14:25.046    FMG      ASX      4.62        2702
```
Intraday trade records are often used in retail trading software for intraday charting and technical analysis. Sometimes people will attempt to backtest a trading strategy (backtest means to evaluate performance using historical data) using trade records. Don't do this if you are testing intraday strategies, you're results will be useless because the trade price won't always reflect the actual price you could buy or sell for at that time.

8.Customize your Intraday Realtime Data
There are various graphical interface options to display the Realtime Data.We can modify the time frame to a desired time interval.Like as , we can change the time interval from 5 minutes to 10,15,20,minutes etc.The tick indicators can be changed to candlesticks,bars, line charts,graph charts as per our convenience.

The Realtime data can be customized into Candlesticks, Bar charts,Line charts,Line with Dot charts.
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NIFTY CANDLE STICK CHART
NIFTY BAR CHART
NIFTY LINE CHART
NIFTY LINE WITH DOTS CHART
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9.Pros And Cons of Intraday Realtime data
Price variations at night: There is no disillusion of fluctuations of stock values at night.
An intraday data is a data which starts at the price of the stock when the market opens and
ends at the time when the market closes.No worry of price change at night.
No Backup Required: Intraday data doesnt anyhow requires the backfilling details.
It is simply one day data of the stock.And thats what is needed for trading.
Less memory consumption: As intraday data doesnt utilises the backfill details,it require
less memory space to process and update.
Risk Factor: An intraday data remains only for day long updation,and the traders are need
to perform buy/sell by that particular data available.It could be a bit risky.
10.Conclusion

The Fast-moving commercial business quests for complete and authentic data.It is required just at the moment as soon as it occurs.—as soon as the data is created or altered.The Market price,current PE ratio,Bull-Bear strategy,Blue chip stocks,etc are the key concepts in share market. Hence, these same fast-paced processes demand the sharing of data in real time across multiple applications.

Realtime data can be of intraday ,EOD,etc.The most reliable platforms along with update softwares are needed.Now, either it be an EOD or Intraday,realtime data is always the priority.

A simple answer to this would be Rtdsdata.com. website .The above features that are shown or highlighted is most related to this website named http://www.rtdsdata.com.