Best Amibroker Datafeeds for Realtime & Tick Data
Global Datafeeds
GFDL is a India-based professional Setup providing realtime data services to stock market traders .
Are you looking for the best RT data provider for Amibroker software at the lowest cost? Then you are at the right place. We are the first NSE, BSE & MCX -authorized Amibroker Datafeeds provider in India. To become a profitable trader, the first thing is to know what’s happening in the live market. This is because trading involves buying and selling things at the right time with managed risk to make money. You need to understand the risks and rewards of each trade.?
In the following blog, we will analyze three important things in detail –
1) What Datafeeds is all about
3) Why choose Amibroker Datafeeds for trading?
So, let’s dive in…?
PART 1 – Everything You must need to know about Real-time Amibroker Datafeeds!
What is the meaning of a datafeed?
A datafeed in trading is a continuous stream of financial data that provides traders with up-to-date information about market activities. It includes prices of stocks, commodities, currency rates, indices, and other financial instruments. The datafeed delivers real-time information directly to trading platforms, tools, and software, allowing traders to see the latest market movements as they happen.
A datafeed in the trading ecosystem can be described as the continuous streams of trades done at the exchanges during live market hours. It can be derived from the prices of stocks, indices, commodities, and other instruments provided at exchanges.
There are 5 types of data provided in a Datafeed:
2) Tick Data
4) IEOD Data
Understanding the Types of Data given in Datafeeds: Amibroker Datafeeds
1) Choosing Real-Time Data for proper entry or exit of a position:
As its name indicates, real-time data provides continuous, live updates on market activities during the trading session.
2) Utilizing Tick Data for Precision Trading:
Tick Data, As the name suggests, measures every tick or trade done at the exchange.
3) Leveraging Historical Data for Backtesting Strategies:
As the name shows Historical Data is the past information of the trades done at exchanges.
4) Using IEOD/EOD Data for Post Market Analysis:
Eod data or IEOD (intraday-end-of-day) data is accessed at the end of the trading day.
5) Enhancing Trading Strategy with Live Data:
PART 2 – Essential Things About Real-time Data in Amibroker Datafeeds
What is the real-time market data?
Real-time data provides immediate insights into market conditions, which is essential when unexpected events, such as breaking news, may cause a sudden rise or fall in the price during live market hours. Additionally, real-time data enables traders to make informed decisions during market uptrends, downtrends, or sideways movements, helping them manage losses or maximize profits based on how quickly and accurately they can respond.
Importance of using the real-time data in trading:
Analyzing real-time market data is important because it allows investors, traders, and businesses to make informed decisions based on the most current information available. This enables them to:
1) React Quickly to Market Changes: By monitoring real-time data, they can respond immediately to price fluctuations, news, and market events, optimizing their trading strategies or business decisions.
2) Improve Decision-Making: Access to up-to-the-minute information helps make more accurate and timely decisions, reducing the risks associated with outdated data.
3) Identify Trends and Opportunities: Real-time data helps in identifying emerging trends and opportunities before others, providing a competitive advantage.
4) Optimize Trading Strategies: Traders can adjust their strategies on the fly, improving their chances of success in fast-moving markets.
5) Enhance Risk Management: Real-time analysis allows for better risk assessment and management, as potential issues can be identified and addressed promptly.
6) Increase Efficiency: For businesses, real-time data make a trader adjust or shift positions in response to market fluctuations to avoid heavy losses
7) Entry & Exit Decisions: With the help of RT data a trader easily identifies the potential opportunities for early entry or exit in trades with fast-moving market conditions essential to buy and sell or book a profit or loss in a trader as per situations.?
8) Strategy Deployment: RT data contribute to deploying the strategies involving assets and associate risk management by a trader.??
9) Trend Analysis: Real-time data helps a trader identify various patterns in live market situations, volumes, and trend reversals.??
10) Minimize Slippage: For every trader, it is essential to keep track of the slippage. RT data helps to minimize the slippage to increase the profitability of a trade.
11) Minimum PC Requirements: For trading purposes, we need a fast PC but real-time data uses the L1 type of data source and hence it can be accessed the normal PC without any high configurations.
12) Work with Slow Internet Speed: During trading hours, every trader requires a fast Internet connection crucial for accessing real-time data. However, real-time data feeds still perform well even with slower internet speeds. This is because they use the L1 data source, which is optimized to deliver data efficiently, even on slower connections.
13) Protects Position: In a volatile market, there are situations when a trader closes the positions or makes a position, it can be profitable or can be a loss, but due to access to real-time data it can be helpful to square off the position or make a new position for a given trade.
Analyzing real-time market data is crucial for staying competitive, making informed decisions, and managing risk effectively in dynamic market environments.
Why is Real-time data known as Next-level Charts Real-Time Data (NLC Data)?
NLC data feed is a type of data feed that provides information every second regarding price movements and volumes in live market conditions. This type of data feed can be accessed with any financial instrument, such as stocks, indices, commodities, and so on. Thus, Real-time data is also known as Next-level Charts RT Data.
What is the real-time market data?
Real-time data provides immediate insights into market conditions, which is essential when unexpected events, such as breaking news, may cause a sudden rise or fall in the price during live market hours. Additionally, real-time data enables traders to make informed decisions during market uptrends, downtrends, or sideways movements, helping them manage losses or maximize profits based on how quickly and accurately they can respond.
Importance of using the real-time data in trading:
Analyzing real-time market data is important because it allows investors, traders, and businesses to make informed decisions based on the most current information available. This enables them to:
1) React Quickly to Market Changes: By monitoring real-time data, they can respond immediately to price fluctuations, news, and market events, optimizing their trading strategies or business decisions.
2) Improve Decision-Making: Access to up-to-the-minute information helps make more accurate and timely decisions, reducing the risks associated with outdated data.
3) Identify Trends and Opportunities: Real-time data helps in identifying emerging trends and opportunities before others, providing a competitive advantage.
4) Optimize Trading Strategies: Traders can adjust their strategies on the fly, improving their chances of success in fast-moving markets.
5) Enhance Risk Management: Real-time analysis allows for better risk assessment and management, as potential issues can be identified and addressed promptly.
6) Increase Efficiency: For businesses, real-time data make a trader adjust or shift positions in response to market fluctuations to avoid heavy losses
7) Entry & Exit Decisions: With the help of RT data a trader easily identifies the potential opportunities for early entry or exit in trades with fast-moving market conditions essential to buy and sell or book a profit or loss in a trader as per situations.?
8) Strategy Deployment: RT data contribute to deploying the strategies involving assets and associate risk management by a trader.??
9) Trend Analysis: Real-time data helps a trader identify various patterns in live market situations, volumes, and trend reversals.??
10) Minimize Slippage: For every trader, it is essential to keep track of the slippage. RT data helps to minimize the slippage to increase the profitability of a trade.
11) Minimum PC Requirements: For trading purposes, we need a fast PC but real-time data uses the L1 type of data source and hence it can be accessed the normal PC without any high configurations.
12) Work with Slow Internet Speed: During trading hours, every trader requires a fast Internet connection crucial for accessing real-time data. However, real-time data feeds still perform well even with slower internet speeds. This is because they use the L1 data source, which is optimized to deliver data efficiently, even on slower connections.
13) Protects Position: In a volatile market, there are situations when a trader closes the positions or makes a position, it can be profitable or can be a loss, but due to access to real-time data it can be helpful to square off the position or make a new position for a given trade.
Analyzing real-time market data is crucial for staying competitive, making informed decisions, and managing risk effectively in dynamic market environments.
Why is Real-time data known as Next-level Charts Real-Time Data (NLC Data)?
NLC data feed is a type of data feed that provides information every second regarding price movements and volumes in live market conditions. This type of data feed can be accessed with any financial instrument, such as stocks, indices, commodities, and so on. Thus, Real-time data is also known as Next-level Charts RT Data.
What are the key differences of using L1 data over L2 & L3 type of data?
1) L1 type of data is less expensive than L2 & L3 data.
2) Level 1 data captures volume, best bid & ask prices, high & low prices, and the last trade price, at the same time L2 data provides information about the order book, market depth, bid & ask sizes along with prices and time of each trade in the given timeframe., and L3 data gives full order book (tick by tick data) information with high-frequency data.?
3) The L1 data source can be accessed using an exchange or your broker.?
4) The L1 data source is simple to process hence a trader can make quick decisions during trading hours.
5) L1 data source helps in price action trading.?
6) Many popular indicators can be calculated by using the L1 data source.?
7) L1 data source executed fast as compared to L2 & L3 data source.?
8) The L1 data source consumes less bandwidth and can be downloaded faster over a slow internet connection.?
9) L1 data source is sufficient to run basic strategies, while L2 & L3 data source is used to run complex strategies.?
10)? Beginner traders can easily interpret the L1 data source, while the L2 & L3 data sources need experienced traders to understand.?
PART 3: How to choose the best NSE, BSE & MCX -approved real-time data access in INDIA?
You can access real-time data with the help of an RT data feed. Before buying real-time data for trading, every trader should consider the following 10 key factors –?
There are more than 30+ real-time data providers authorized by the NSE (National Stock Exchange of India), the full list is provided on the NSE website you can check this out, of which GFDL (Global Financial Datafeeds LLP) is the first and oldest real-time data vendor trusted and authorized by NSE,BSE & MCX. We provide the fastest Amibroker Datafeeds with the lowest latency.
After its inception in the Year 2009, just in the Next Year (2010), Global Datafeeds became the first authorized and trusted real-time L1 Data Vendor of NSE (National Stock Exchange of India), and later on by BSE (Bombay Stock Exchange of India), and MCX (Multi Commodity Exchange of India). To date, we have been providing real-time and tick data to our clients for over 13 years.
That’s why it’s very important to do your own research before buying any datafeeds from a provider. We offer the Amibroker Datafeeds with lowest latency
Why NimbleDataPro is considered the best Real-time Amibroker Datafeeds?
Installation & Configuration of AmiBroker (NimbleDataProPlus/Lite)
NimbleDataPro simplifies RT (real-time) data integration with Amibroker by offering unique features as follows:
1) NimbleDataPro is one of the best real-time datafeed for Amibroker in India
2) NimbleDataPro data feeder gives real-time intraday data for Amibroker as it uses the L1 type of data source???
3) RT data is fetched directly from the stock exchange servers to GFDl server & Users system?
4) Both NimbleDataPro and NimbleDataProPlus are the top choices by marketers as It has all the futures of all months including NSE F&O (Futures & Options Segment), BSE F&O (Futures & Options Segment), and NSE CDS (Currency Derivatives Segment)
5) All the options of all months of all stocks or indices with all strike rates including NSE F&O (Futures & Options Segment) and BSE F&O (Futures & Options Segment) can be accessed with our Amibroker Data feed.
6) NimbleDataPro covers all stocks, and index options from the NSE and BSE Equity cash segment & MCX (commodity), thus it serves the best stock future, and options with commodity data feed.
7) All 225 ticker symbols for each segment at a time
8) RT data provided by NimbleDataPro have no delay in speed and performance
9) Intraday history of minutes and hours of real-time data with fast speed
10) Tick Data quality is accurate with a fast speed time stamp of 1 second for the given time and date range??
11) RT data contains information on open, high, low, close, ask & bid price with ask & bid sizes, open interest, change & percentage change, and trade size for all 225 ticker symbols per segment
12) NimbleDataPro can also be used to historical backfill data
13) NimbleDataPro is subscription-based and comes with an affordable price. It is available for download with a free demo or trial version for testing for your Amibroker data feed software.
Frequently Asked Questions about Real-time data feed –
Which is the best real time data feed for Amibroker platform?
With the strong features mentioned earlier, we can say that the best Amibroker datafeed is NimbleDataPro.
How will you get freemium access to the Amifeeder or download a trial (demo) version of NimbleProData?
Amibroker datafeeds are available for free demo or trial purposes you can use the freemium access at NimbleDataPro product page and follow the guidelines.
How to create my own datafeed to Amibroker?
Please refer to the Procedure for installing the NimbleDataPro2 setup described in our Knowledge Base section.
Are there any video tutorials available for the Amibroker Datafeeds installation procedure?
Yes, you can visit our official YouTube Channel for the complete installation process.
Do Amibroker datafeeds apply Tick Data with 1 min timeframe?
Yes, NimbleDataPro provides a tick data with a fast speed time stamp of 1 second on 1 min, 5 min, 15 min to 1 hour, or custom hours chart.
How many symbols or tickers are provided at maximum?
The maximum usage of symbols allowed is 250 using NimbleDataPro.
Do Amibroker Datafeeds provide eod data?
Yes, it provides intraday-end-of-day data.
What functionality of the Amibroker Data feed is used for historical backfill?
Yes, it provides Automatic backfill.
Do you provide live chat support?
You will get live chat support if you have any inquiries regarding your technical requirements. We value our customers, strong customer service 24/7 engage with prompt and quick responses. If you are behind the firewall and want access to our IP address you will get access to our open ports, please send mail to [email protected]
What is the cost (pricing in Indian rs) of Amibroker data feed?
After the free Demo or trial period ends you have to buy our Subscription Plan for the specific period for 30, 90, 180, 365 Days, the Exchange you will select, an additional license, and so on. The plan price starts at 3,000 INR and may increase based on the requirements. Also, you can get the Buy Now Pay Later option with some selected banks. We provide affordable pricing. Read the instructions given on the NimbleDataPro product page.
Can I use Amibroker free for using Amibroker Datafeeds?
Yes, the Amibroker data feed comes with a 30-day trial period, and the NimbleDataPro trial version can be accessed with it.
Why is the cost of Amibroker Datafeed @GFDL higher than that of other third-party platforms?
We are an NSE,BSE & MCX-authorized L1 data provider. For some traders, L1 data may seem costlier, but it is a secure investment to protect your hard-earned money. We offer a real-time data feed directly from the Exchange, ensuring greater accuracy and no delays compared to third-party data feeds. Investing in third-party data feeds may not be beneficial, as delayed data can negatively impact your trading decisions. In the course of time you will realized it is a worth to pay for our Amibroker Datafeed.
Why is GFDL the trusted NSE,BSE & MCX Authorized datafeeds provider for Amibroker in India?
GFDL is the trusted name that provides the real-time data feed for Amibroker with almost no delay in the market for more than 10+ years. We maintain all the norms for providing real-time data as per NSE & BSE.
Lead Manager @ Global Financial Datafeeds LLP | MBA, CS Executive
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