TradingView Stock Screener Guide: Find Profitable Nifty Stocks [Tutorial]

How to Use TradingView Screener to Find Trading Opportunities in Nifty Stocks

Are you tired of spending countless hours manually analyzing Nifty stocks, only to miss out on profitable trading opportunities? 🤔 In today's fast-paced market, finding the right stocks at the right time can feel like searching for a needle in a haystack. But what if there was a powerful tool that could do the heavy lifting for you?

Enter TradingView Screener - a game-changing platform that's revolutionizing how traders discover potential trading opportunities. Whether you're a day trader looking for volatile stocks or a swing trader seeking breakout patterns, this versatile tool can transform your stock selection process from overwhelming to effortless. In this comprehensive guide, we'll walk you through everything from basic setup to advanced screening techniques that will help you zero in on the most promising Nifty stocks with precision and confidence. 💡

Let's dive into how you can leverage TradingView Screener's powerful features to streamline your trading strategy and uncover hidden gems in the Nifty market. We'll start with the basics of getting started and progress through to creating sophisticated screening systems that match your trading style.

Getting Started with TradingView Screener

Creating a TradingView Account

• Visit TradingView.com and click the "Join Now" button

• Choose between Free or Premium account options

• Complete registration with email or social media login

• Verify your email address to activate the account

Navigating to the Stock Screener

1. Log in to your TradingView account

2. Look for "Screener" in the top navigation menu

3. Select "Stock Screener" from the dropdown options

4. Choose "India" market and "NSE" exchange for Nifty stocks

Understanding the Basic Interface

The TradingView Screener interface consists of several key components:

Component	Description
Filter Bar	Located at the top for setting screening criteria
Results Table	Displays matching stocks with sortable columns
Watchlist Integration	Quick-add buttons for stock tracking
Chart Preview	Mini charts showing price action

Key features you'll find on the main screen:

• Market cap and volume filters

• Price range selectors

• Technical indicators

• Fundamental metrics

• Custom column arrangement

• Export functionality

The screener automatically updates every few seconds, providing real-time data for NSE-listed stocks. The interface is highly customizable, allowing you to save your preferred layout and column configurations for future sessions.

With these basics covered, you'll be ready to set up custom filters specifically for Nifty stocks, which we'll explore in detail next.

Setting Up Custom Filters for Nifty Stocks

Selecting the NSE Market

Navigate to TradingView's screener and select "NSE" from the exchange dropdown. This filters your view to only Indian stocks, specifically focusing on the National Stock Exchange where Nifty stocks are traded.

Adding Price and Volume Filters

Create a robust screening foundation with these essential filters:

• Price Range: ₹100-5000 (typical range for liquid Nifty stocks)

• Volume: Minimum 100,000 shares daily

• Average Volume (20D): ＞500,000 shares

Setting Market Cap Parameters

Market Cap Category	Range (in Crores)
Large Cap	＞20,000
Mid Cap	5,000-20,000
Small Cap	＜5,000

Including Technical Indicators

Apply these powerful technical filters:

• RSI (14): Between 30-70 for balanced opportunities

• Moving Averages: 20 EMA ＞ 50 EMA for uptrend confirmation

• Volume Oscillator: ＞0 for volume momentum

Creating Custom Formulas

Implement advanced custom formulas:

// Volume Spike Detection
(volume ＞ volume[1] * 1.5) and (close ＞ open)

These custom filters help identify stocks with strong momentum and institutional interest. When combined effectively, they create a powerful screening system for identifying potential trading opportunities in Nifty stocks. Now that we've set up our custom filters, let's explore some advanced screening techniques to refine our search further.

Advanced Screening Techniques

Using Multiple Timeframe Analysis

• Monthly charts for trend direction

• Weekly charts for swing opportunities

• Daily charts for entry/exit points

• Intraday charts for precise timing

Implementing multiple timeframe analysis in TradingView Screener allows traders to confirm signals across different time horizons. Create specific filters for each timeframe using the following structure:

Timeframe	Primary Use	Key Indicators
Monthly	Trend Direction	200 EMA, Yearly Pivots
Weekly	Swing Trading	RSI, MACD
Daily	Entry/Exit	Moving Averages, Volume
Intraday	Timing	Price Action, Momentum

Combining Technical Indicators

Enhance your screening accuracy by combining multiple indicators:

1. Trend indicators (Moving Averages, ADX)

2. Momentum indicators (RSI, Stochastic)

3. Volume indicators (OBV, Volume Profile)

4. Volatility measures (Bollinger Bands, ATR)

Setting Up Price Action Patterns

Configure the screener to identify specific price patterns:

• Bullish/Bearish engulfing

• Double tops/bottoms

• Head and shoulders

• Triangle formations

• Flag patterns

TradingView's Pine Script enables custom pattern recognition. Create alerts for when multiple conditions align across your chosen timeframes. For optimal results, combine price action patterns with volume confirmation and key technical indicator signals.

Now that you've mastered advanced screening techniques, let's explore how to save these complex setups as custom screens for quick access.

Creating and Saving Custom Screens

Building your first screen

Creating a custom screen in TradingView starts with selecting the right combination of filters. Here's a systematic approach:

1. Essential filters for Nifty stocks:

   • Market Cap: Above ₹5000 Cr

   • Volume: Above 100,000 shares

   • Price: Above ₹50

   • Exchange: NSE

Saving screen templates

Once you've built a successful screening strategy, save it for future use. TradingView allows multiple template configurations:

Template Type	Best Use Case	Update Frequency
Momentum	Trending stocks	Real-time
Reversal	Support/Resistance	Daily
Breakout	Volume spikes	Intraday
Fundamental	Long-term holds	Weekly

Setting up alerts

Configure automated notifications to stay updated on potential trading opportunities:

• Price Alerts

  • Set specific price levels

  • Choose percentage changes

  • Configure time-based triggers

• Volume Alerts

  • Unusual volume spikes

  • Pre-market activity

  • Trading session volume thresholds

Remember to validate your screening criteria regularly and adjust parameters based on market conditions. Effective screens should align with your trading strategy while filtering out noise.

With these custom screens saved and alerts configured, you're ready to analyze the screening results in detail.

Analyzing Screener Results

Reading the Screening Results

TradingView's screener presents results in a comprehensive data grid that displays key metrics for each stock. The results include essential technical indicators, price data, and volume information. Here's a breakdown of the most important columns to focus on:

Column	Significance	What to Look For
Price Action	Current momentum	Strong trends, breakouts
Volume	Trading activity	Above average volume
Technical Signals	Indicator readings	Convergence of multiple signals
RSI/MACD	Momentum indicators	Overbought/Oversold conditions

Prioritizing Potential Trades

Create a systematic approach to evaluate screener results using these key factors:

• Trading volume relative to average daily volume

• Technical indicator alignment

• Price action near support/resistance levels

• Sector performance and correlation

• Risk-reward ratio based on recent volatility

Cross-referencing with Fundamental Data

Compare technical signals with fundamental metrics:

1. Quarterly earnings growth

2. Institutional holdings

3. Market capitalization

4. Debt-to-equity ratio

5. Price-to-earnings (P/E) ratio

Validating Trading Opportunities

Confirm potential trades by:

• Checking multiple timeframes for trend alignment

• Analyzing sector-specific news and events

• Reviewing recent price patterns

• Assessing market breadth indicators

• Evaluating risk management parameters

Now that you have a solid understanding of analyzing screener results, let's explore how to monitor these opportunities in real-time and execute trades effectively.

Real-time Monitoring and Trading

Setting up watchlists from screener results

Transform your screener findings into actionable watchlists by:

• Creating dedicated watchlists for different strategies

• Organizing stocks by market cap or sector

• Adding custom notes and alerts for each stock

• Setting price level markers for entry and exit

Using mobile alerts

Alert Type	Use Case	Recommended Settings
Price Alerts	Entry/Exit signals	Set 1% buffer from target
Volume Alerts	Breakout confirmation	2x average volume
Technical Indicators	Strategy triggers	RSI, MACD crossovers
Custom Scripts	Complex conditions	Combined indicators

Tracking screening performance

Monitor your screening strategy effectiveness through:

• Win/loss ratio of identified opportunities

• Average return per trade from screener signals

• Time between signal generation and price action

• False positive rate tracking

Keep your watchlists manageable by focusing on 15-20 stocks at a time. Set up mobile notifications that sync with TradingView's desktop platform for seamless monitoring. Track each screening strategy's performance separately to identify which filters work best for different market conditions.

Now that your real-time monitoring system is in place, you can confidently execute trades based on your screener signals. Remember to regularly review and adjust your screening criteria based on performance metrics to optimize your trading strategy.

TradingView's stock screener emerges as a powerful tool for traders seeking profitable opportunities in Nifty stocks. By mastering custom filters, advanced screening techniques, and real-time monitoring capabilities, you can efficiently identify potential trades that align with your strategy. The ability to save and modify screens ensures consistency in your trading approach while saving valuable time.

Take advantage of this versatile platform by starting with basic filters and gradually incorporating more advanced parameters as you become comfortable. Remember, the screener is just one part of your trading arsenal - always validate its findings with thorough technical and fundamental analysis before executing trades. Start exploring TradingView's screener today to enhance your trading journey in the Indian markets.