Share market is one of the best ways for investors and traders to earn money. In India, the number of traders and investors are increasing with a good boost. Having proper knowledge in share market is very beneficial for making maximum profits.
A handy and smart app developed to ease the users, which is “ZERODHA.”
Get to know about Zerodha Pi Coding: Custom Coding Service
The word “Custom code” is somewhat blurred, and most users ‘ default view may not be accurate. Clarify this: “Custom code,” any functionality incorporated in a product without dedicated resources or support plan and updates.
You buy a packaged product from a software development company that improves the features of your SharePoint environment. Is this code customized? NO, you may not have to write or retain the code yourself as long as the seller maintains a dedication of updates and fixes in the specified version. However, you must check and submit updates frequently.
Zerodha Pi Coding
Zerodha is India’s no. 1 trading app. Zerodha is a private ltd company founded by Nithin Kamath (present CEO). It provides many languages available, and we can use it for trading from anyplace from anywhere it may be your office, home, vacation place, etc. The main benefits of Zerodha are as following : –
- Comes with 0% brokerage.
- It has Very less trading charges that are 20 Rs only.
- Comes with very minimum trading margins in intraday.
- Provides brilliant prediction of Buy and Sell.
Trading on Zerodha is much beneficial and secure than any other app.
How to trade and what to trade?
The crucial thing we need to trade in share market is Demat account. Zerodha charges no money and the process for account opening is paperless, and it takes less than 5 minutes. Only three things are needed to open the Zerodha account that is: –
- Name of person
- Mobile no.
After the process of accounting opening, you have proper knowledge about shares and stocks is also essential. Zerodha provides a smart prediction and analyse the Bullish and Bearish trend in market.
When you are logged into the Zerodha, we have to select options like Equity or Nifty in it. We should gain knowledge of trends in the market to earn maximum profit. There will be option given of “BUY ORDER and SELL ORDER,” after placing and particular order we have to keep tracking the trend data.
Know more about Zerodha Pi coding
Zerodha PI coding also known as comfortable Code. Transcript code means to check and to generate Intraday signals. We have to link the Tradescript code by copying and pasting some codes to Zerodha PI code to create the intraday signals. Down below will be some codes and its functions provided.
Trade script code
(MACD (13, 26,9,EXPOTENTIAL), MACDSIGNAL (13, 26,9,EXPOTENTIAL))
|BULLISH MACD CROSSOVER|
|2||(OPEN =HIGH) OR (OPEN =LOW)||OPEN HIGH LOW SCANNER ZERODHA PI|
|3||CROSSOVER(DIP(14),DIN(14)),||BULLISH DI+ DI- CROSSOVER|
|4||RSI(CLOSE,14) > 50||RSI ABOVE 50|
|5||RSI(CLOSE,14)>50 AND DIP (14) > DIN (14) AND ADX (14) > REF(ADX(14) ,1)||TRENDING RSI WITH TRENDING ADX|
These are some type of codes, and there functions available to use on Zerodha as Transcript code to generate intraday signals. These codes help you to check the stock with the best intraday trade trend, price of commodities, breakouts, volume, etc.
Many times we face errors and troubles while applying these codes on Zerodha.
While applying these codes, it may give some troubles. To solve these problems below down will be given some issues and their solutions.
- After copy-pasting to your PI scanner there are many possibilities that errors can occur. E.g. Like. Merging of lines without getting space between them.
Solution- Free the space between characters on the copy-pasted codes on PI scanner.
- The scanner shows error messages because there is more than 1 line SET.
Only 1 SET function is allowed by the scanner.
Solution-The solution for this problem is to combine the SET using brackets.
- While using the zerodha Pi back-test engine, we mostly forget to enter EXIT LONG SCRIPT while backtesting your BUY SCRIPT.
Solution- To solve the error, we have to put the code ‘EXIT LONG SCRIPT TAB.’CLOSE < OPEN.
- The Pi scanner and Pi Expert Adviser is active in trading hours. We can also test our strategy after the trading hours.
Solution- To test your strategy, we have to watch the ALERT TIME CELL color on your scanner window to TURN YELLOW when a stock has been screened.
- ‘SCRIPT GENERATED NO TRADES’ this type of messages occurs on scanner what to do next?
Solution – We have to increase backtest periods if necessary, and test your strategy across the variation of time frames.
‘ZERODHA PI SCANNER SOUND ALERT PLUGIN.’ Is available for reference of rectification error.
Along with basic knowledge about the share market. Zerodha is an easy and profitable app which lets to earn you in share market. We learned some codes and their functions in Transcript code to generate Intra-day trade signals, and how to understand and rectify the errors.
This is an important and interesting point that we learned about share market and a useful way to manipulate the profit and loss in share market easily in the most convenient way to learn share market.