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AmiBroker – Introduction
77 comments
December 8, 2012
Category: Zerodha-Amibroker Plugin

Traders,

As you would have read in the previous blog: Technical Analysis – Intro, we give you technical analysis tools
on Zerodha Trader – our trading platform. But there is a huge difference between driving a fast car and
driving a Ferrari Formula 1 car. Once you are proficient at Technical Analysis, you would benefit quite a bit
by using a professional charting platform. Zerodha Trader is a trading platform which also allows you to do
technical Analysis, but AmiBroker is a professional charting platform that lets you do advanced technical
analysis.

Similar to AmiBroker there are a bunch of other professional charting platforms that are available in the
country like MetaStock, NinjaTrader, Advanced Get from eSignal, etc. AmiBroker is one of the most popular
TA (technical analysis) tools in the world. We’ll explain below in brief what AmiBroker is and why you as an
advanced technician need it.

What is AmiBroker?

AmiBroker is a comprehensive technical analysis program, with advanced charting, back-testing and
scanning capabilities.

What are the features of AmiBroker, why should I get it?

• Powerful Charting: Object oriented drawing tools, drag and drop indicator creating capabilities,
modern customizable user interface, multiple time frame on charts, popular built-in indicators, etc.
• Symbol and Quotes Database: Build up and store historical data, unlimited number of symbols and
quotes, powerful filters, etc.
• AmiBroker Formula Language: It is an advanced formula language that allows you to create your
own indicators, trading systems and commentaries. It is specifically designed for traders so writing
technical analysis formulas is easier and quicker than in general purpose languages. It features more
than 200 built in AFL functions to use as building blocks for your formulas.
• Backtesting and Screening: Automatic analysis window enables you to scan your database for
symbols matching your defined buy/sell rules. AmiBroker automatically produces the report telling you
if buy/sell signals occured on a given symbol in the specified period of time. You can also perform full
featured back-testing of your trading strategy, giving you an idea about the performance of your system.

The list of things that AmiBroker can do is almost unlimited and it would be best to check here and here.

It is very important to understand that if you decide to go ahead with AmiBroker, it will most likely be self-
learning, learning from online blogs/forums or from the AmiBroker tutorial section itself.

Some of the must reads if you are planning to become an expert on AmiBroker are:

1. http://introductiontoamibroker.com/book.html – there is a pdf available on this link. It is a book by Dr.

Howard Bandy.
2. http://www.blueowlpress.com/wordpress/links/
3. http://www.amibroker.org
4. http://finance.groups.yahoo.com/group/amibroker/

Now AmiBroker is like a Formula 1 car, but you need to still fill gas to run this car. What I mean to say is that
to run a charting platform you need live data (data from the exchange as only then will the chart form). Unlike
a trading platform like ZT where data is already coming from an exchange, you will need live data on a
technical analysis platform to see live charts. Data again comes in 2 forms, live data and end of day (EOD)
data. If you are an investor who takes trading decisions/analysis only after the market has closed, you would
need to subscribe only to EOD data. But if you want live charts then you will need to subscribe for live data.

As of now globaldatafeeds.in is the only authorized vendor for AmiBroker software license/datafeeds in
India and we have a special partnership to benefit all our clients.

To use AmiBroker, you have to incur two costs:

1. AmiBroker software license: This is a one-time cost and presently AmiBroker has 3 different editions:

a. Standard Edition: Rs 12500

b. Professional edition: Rs 17600

 c. Ultimate Pack Pro edition: Rs 25800

The above charges include taxes and you can visit the following link to know the difference between these
editions. The above price for purchasing the license is same for all clients of Global Datafeeds and there is no
special discount.

2. Data Subscription: Global datafeeds offers 3 data packages and subscription to any data package. This
includes real time data as well as EOD(end of day) data. The data subscription costs are recurring and you
have an option to subscribe for 30, 60, 90, 180 or 365 days. Subscribing for 365 days would give you the best
price advantage.

There are 3 data products you can subscribe to, check this link for more information. For a detailed
comparison between data products see the comparison matrix.

What is the advantage for Zerodha Clients?

Because of its partnership with Zerodha, Globaldatafeeds will offer you live data at the lowest cost in the
country. As a special offer they will give upto 50% discount on their data products only to Zerodha clients.
People who have already subscribed to live feeds from other authorized data vendors in the country would be
pleasantly surprised to see savings they make compared to their present vendor.

Have a look at the special rates offered to Zerodha’s clients.

If you want to go ahead and buy an AmiBroker license or subscribe to data (if you already have AmiBroker or
similar platforms like MetaStock, Advanced GET or NinjaTrader), you can contact them on live chat by
visiting this link and don’t forget to provide them your Zerodha client ID.

Remember that AmiBroker is not a tip providing machine. You have to put an effort to learn and educate
yourself, but once you have put some time on it, you will have a tool which is extremely powerful and will
help you improve the probability of winning in the markets.

Happy Trading,

Nithin

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Nithin Kamath

CEO @ Zerodha and partnering startups through Rainmatter to help grow and improve the capital market
ecosystem in India. Love playing poker, basketball, and guitar. @Nithin0dha on Twitter. “You don't have to
be a hero to accomplish great things---to compete. You can just be an ordinary chap, sufficiently motivated to
reach challenging goals.” - Edmund Hillary

77 comments

1. Rajesh Choudhary says:

December 24, 2012 at 8:57 am

it is may useful for me so explain me it in detail

Contact No. 9828624932

¶Reply

2. Nithin Kamath says:

December 24, 2012 at 10:56 am

@Rajesh, all the details are on the 4 blogs mentioned here.. Amibroker is provided from our partner
globaldatafeeds.in, you can reach their online support for more..

¶Reply

3. Mohammed Razdar Khan says:

December 27, 2012 at 6:46 pm

i already have AMIBROKER platform since last 3 months,but offlate it’s signals are also failing pl
advise
user id APRR0714 mcx

¶Reply

4. Nithin Kamath says:

December 27, 2012 at 7:13 pm

@Mohammed, Amibroker is just a tool for making best use of your technical analysis strategies. I guess
the best thing to do would be to work on your technical analysis strategies, learn more on that.

¶Reply

5. melwin says:
January 31, 2013 at 1:30 pm

Hi,do i need to be ncfm certified to subscribe ammi broker(completely automated)

¶Reply
 ◦ Nithin Kamath says:
January 31, 2013 at 2:02 pm

Yes, to completely automate you will need a dealer terminal and for running a dealer terminal
you will need an NCFM/NISM certification.

¶Reply

6. Tharun says:
July 16, 2013 at 1:36 pm

Hello,
My questions are.
1) Do i need both capital and derivatives dealer module exam to be cleared?
2)How much should i pay for taking dealer terminal?
3)brokerage will be same or will be changed?
4)margins provided will remain same?
thank you

¶Reply

◦ Nithin Kamath says:

July 17, 2013 at 7:19 am

Tharun

1. Just derivative module should be enough, but preferable to have capital market also.

2. Dealer terminal rentals are Rs 250/month/segment/exchange. So for eg for NSE , NFO and
CDS it will be Rs 750

3. Brokerage and margins remain the same.

Cheers,

¶Reply

7. RV0702 says:
March 1, 2014 at 4:27 pm

I have a job that requires 3 to 5 visits(travelling intra city) per day mostly on bike. Amibroker does not
provide mobile hourly live chart for index/currency monitoring. Ami chart not useful for my life style.
may be useful for full time trader.

¶Reply

8. Anees Ahmed says:

August 26, 2014 at 11:49 am

do i need to buy from the official site of ami broker?? o can i get it from zerodha?? also my nest charts
are not working only..
 ¶Reply

◦ Nithin Kamath says:

August 26, 2014 at 9:27 pm

You can try any of these two data vendors, they give our clients a special deal:
http://www.globaldatafeeds.in/ or http://www.neotradeanalytics.com/

¶Reply

9. Ramu says:
October 13, 2014 at 8:39 pm

What all types of orders that could be sent from Amibroker tool will be supported in Zerodha under
semi-automated mode. For instance, can I raise bracket / trailing stop loss/ combinational orders from
amibroker and zerodha can handle them?

What all such features of amibroker does zerodha doesn’t support

¶Reply

◦ Nithin Kamath says:

October 13, 2014 at 9:18 pm

Ramu, the different order types like BO, TSL etc can’t be supported if you are placing it through
Ami. You will be able to send Limit/market/Stoploss orders.

¶Reply

10. Ramu says:

October 15, 2014 at 1:14 am

Thanks for the details Nithin.

One more query – Is there any other way to place BO, TSL orders through Zerodha? If so, what are pre-
requisites for that and how to do that?

¶Reply

◦ Nithin Kamath says:

October 16, 2014 at 9:49 am

The only way now presently is through our software based version. Check this.

¶Reply

11. RT0275 says:

October 18, 2014 at 6:44 pm

Nithin, the amibroker logo image is getting chopped off in the landing page. It reads AmiBroke. In
Bengali that would mean “I’m broke”. I hope that it’s not a sign of things to come.
 ¶Reply

◦ Nithin Kamath says:

October 18, 2014 at 8:41 pm

¶Reply

12. Fahad Malik says:

October 22, 2014 at 1:37 am

Just now switch from Religare to Zerodha…

I am comfortable in Ninja Trader,

Didnt tried on Zerodha Pi,

So is there any way i can go for Ninja Trader 6.5 with Global Datafeed(Nimble Data Plus Lite) FNO
MCX FX and Plugin with Zerodha.

1. Ninja Trader 6.5

2. Global Datafeed(Nimble Data Plus Lite) FNO MCX FX
3. Plugin with Zerodha.

I am aware with Zerodha Pi, but dont know how much to wait.

Not comfortable with AmiBroker….

Windows 7 (Fedup) + Amibroker (Good)

to install Amibroker, i have to install this file, then that file, then C++ Binary, then AFL language, then
all is not compatible with that version……. and continues

Ninja Trader: Simple , install, and start Trading.

Hope , this will be done on Zerodha Pi also.

Zerodha Code: DF0068

¶Reply

◦ Nithin Kamath says:

October 22, 2014 at 1:13 pm

Yes, we will give you an option to trade directly off Ninja using the bridge to Pi.

¶Reply

13. bvmahesh21 says:

May 4, 2015 at 8:34 pm

for beginners its necessary ? or which one good for practice TA.

¶Reply
 ◦ Nithin Kamath says:
May 5, 2015 at 8:27 am

Why don’t u start using our new platform Pi https://zerodha.com/pi/, it has all TA that you need.

¶Reply

14. Gopi says:

May 17, 2015 at 2:07 pm

hai nithin,
if i become as a authorised person of you,
can i perform automated trades through pi

¶Reply

◦ Nithin Kamath says:

May 18, 2015 at 10:47 am

Can you send an email to tsiva@zerodha.com and keep me in cc nithin@zerodha.com with ur

client id.

¶Reply

15. mohan says:

August 31, 2015 at 11:33 am

do we get stock trading advice’s?

¶Reply

◦ Nithin Kamath says:

August 31, 2015 at 2:33 pm

NO, check this: http://tradingqna.com/19426/why-does-zerodha-not-offer-tips-or-advise

¶Reply

16. NIRANJAN says:

December 4, 2015 at 7:06 pm

Hi Nitin,
Recently I have brought amibroker software but I am not able to use it fully because I can’t use its best
features like scanner, getting realtime alert on your screen etc, because I don’t no any AFL coding. I
search on net where I can get step by step training on AFL coding but I didn’t find any such sites. I
request you to start a course on AFL at zerodha varsity.
Also I want to know can anyone at zerodha can help me to code my strategy in AFL or support me in
learning AFL?
 ¶Reply

17. Akshat says:

December 9, 2015 at 11:43 am

Hi Nithin, Congrats on revolutionising the way people trade. Zerodha is one of a kind.

My query is that can I trade commodities with NinjaTrader, using Zerodha as a broker? If not, can you
suggest me better platforms to do the same. I would be more interested in automated and semi-
automated trading.

Cheers!

¶Reply

◦ Nithin Kamath says:

December 9, 2015 at 12:34 pm

Have you tried Pi our desktop and Kite our web based platform. You an also use Pi bridge to
connect NT to Pi and trade. Check this post.

¶Reply

18. Saurav Kumar patra says:

February 13, 2016 at 9:14 pm

I am use only Android Mobil .can I use Ami broker for trade at zerodha.please tell me

¶Reply

◦ Nithin Kamath says:

February 14, 2016 at 11:30 pm

Send an email to kite@zerodha.com with your client ID to get access of Kite android beta.
Amibroker is a separate platform, you will have to check if they can work on mobile.

¶Reply

19. subrata chakraborty says:

May 1, 2016 at 10:06 pm

I would like to purchase Amibroker Software. Do you sell the same? If not from where I can purchase
the software for my own by using Indian currency?

If I open my trading account with you, Can I use data for my amibroker through you? what is the
procedure and how much price I have to pay?

Thanks

¶Reply
◦ Venu says:
May 2, 2016 at 6:19 pm

No, we aren’t sellers of AmiBroker. You can contact Global data feeds:
http://www.globaldatafeeds.in/
Yes, we provide Pi Bridge which allows you to integrate Pi with AmiBroker. You can read more
including charges: http://zerodha.com/z-connect/tradezerodha/pi-bridge/pi-bridge-gateway-to-
trade-using-other-programs

¶Reply

◾ Hardik says:
November 13, 2016 at 12:38 pm

I start trading using Zerodha kite and believe me it is amazing, thanks a lot for the
wonderful job.

I have doubts for Amibroker like …

I check with Amiboker site and looks like there is no authorized seller in India for
Amibroker. Below is the link where I check. https://www.amibroker.com/reseller.html

Can you please let us know is it really so ?

¶Reply

◾ Nithin Kamath says:

November 13, 2016 at 9:46 pm

Yeah no auth dealer in India, if I remember right it was because the parent company
was quite pissed about most people in India using pirated version of Ami.

¶Reply

◾ Hardik says:
November 14, 2016 at 1:55 pm

Ohhh … Then how can I get the benefit of the partnership of zerodha and
globaldatafeeds ?

¶Reply

◾ Nithin Kamath says:

November 14, 2016 at 5:25 pm

Let the GFDL team know that u r a zerodha client, they will give you a
discount. You can also check out truedata

¶Reply
 ◾ Hardik says:
November 14, 2016 at 1:57 pm

Apart from that do we support DOM indicator ?

¶Reply

◾ Nithin Kamath says:

November 14, 2016 at 5:25 pm

Not yet.

¶Reply

20. amit kumar says:

August 26, 2016 at 6:24 pm

i want to start pluge in trading with ammy. but the main problem is i can not make my strategies so is
there any company who can make strategies on behalf of me.

¶Reply

◦ amit kumar says:

August 26, 2016 at 6:29 pm

as i know about plug in trading, brokerage company provide as plug in with ami, and we have to
make our strategies in AFL format, but the mail problem is that i can not program strategies, is
there any vendor who can program strategies as per my requirement

kindly provide me clarification about whole process

¶Reply

21. ahmad a memon says:

September 24, 2016 at 8:10 pm

sir
zerodha is a very different from others…..pi and kite are very beautiful trading terminal…. …..if
zerodha give some extra features like tbts indicator on pie and kite than its become superior
combination….think on it sir…if amibroker do it than why zerodha don’t?

¶Reply

22. Omar H says:

December 4, 2016 at 3:06 am

Dear Sir,
A networking query. At our office I am hoping to get fastest speed and lowest latency connectivity on
your various Client software Pi, Q, Kite. We have multiple internet connections, is there one or more of
your public ip againt which I can check my trace/latency.
 Hopefully in the Future you will offer Bloomberg like terminals and MPLS Leased Lines.
All the Best.
Thanks

¶Reply

◦ Nithin Kamath says:

December 4, 2016 at 12:38 pm

hm, you can just ping kite.zerodha.com to get Kite’s public IP, and test against that Pi uses
oms.zerodha.in

¶Reply

23. Ab says:
January 9, 2017 at 7:09 pm

Hi Nithin,

Does amibroker provide option chains analysis? For ex: If I want to see Option greeks in real time
along with the full option chain, can I get that in Amibroker?

If not, do you know of any other resource (Free or paid) which can give such info readily (without any
need for me to manually use Black scholes calculator)

Thanks
Abhay

¶Reply

◦ Nithin Kamath says:

January 9, 2017 at 8:14 pm

You can google for options oracle.

¶Reply

24. Narendra says:

January 16, 2017 at 8:42 pm

Sir I was maintain 140000my account RN5196 you back office showing wrong amount 11000 three
days onward iwas calling today morning send it to me again today it shows 11000 plz solve my
problem,

¶Reply

25. PANKAJ KUMAR GUPTA says:

January 25, 2017 at 11:58 pm
 CAN WE PLACE COVER ORDER THROUGH AMIBROKER BY PLACING AN STOPLOSS
WITH EVERY ORDER ? AND IF NOT THEN , HOW CAN I GET THE SAME MARGINS (like in
cover order).

¶Reply

◦ Nithin Kamath says:

January 26, 2017 at 9:24 am

Hmm.. not possible currently.

¶Reply

26. RINKESH says:

February 23, 2017 at 5:32 pm

Dear Sir,
I want to know whether amibroker allows us to save our applied technical indicators(like b bands,
Macd etc.) on target stocks under study for a long period. Or we have to put fresh indicators on target
stocks daily? I find it hard to put new indicators everytime as it reduces efficiency.

¶Reply

27. Sidharth says:

March 31, 2017 at 10:50 pm

Which exam is to be passed from NSE for becoming acertified technical analyst???

¶Reply

◦ Venu says:
April 1, 2017 at 10:24 am

I don’t think NSE has such a certification course. You can see the list of NSE offered courses
here: https://www.nseindia.com/education/content/nse_certification.htm

¶Reply

28. Monil Sharma says:

April 19, 2017 at 5:32 pm

@nithin how much delayed is the tick data feed ?

Also if we require data in miliseconds how to get it ?

¶Reply

◦ Venu says:
April 19, 2017 at 7:17 pm
 The delay may be a few miliseconds, not high enough to have a severe impact unless you are
using latency sensitive formulas. If latency is an issue, you have to consider co-locating your
servers and subscribing to tick by tick data which is expensive.

¶Reply

29. seema bothra says:

April 23, 2017 at 4:15 pm

Dear Sir,

First i would like to say many many thanks for your new concept sharing our trades under opentrade.in
I am taking this as my carrier opportunity and trying to increase my followers by increasing
profitability day by day
but many times profitabilty is not updating , streak rate etc and System also taking debentures as capital
and due to that return on capital showing low amount. Interest on NCD we get in our bank account
directly so i think it should not be counting as capital .

¶Reply

◦ Nithin Kamath says:

April 23, 2017 at 9:39 pm

Got it, let me have this checked.

¶Reply

30. Kundan Kumar says:

May 22, 2017 at 10:00 am

Hi Nitin, which software is the best for Mac platform?

¶Reply

◦ Nithin Kamath says:

May 22, 2017 at 1:16 pm

Try kite.zerodha.com, the charting is quite comprehensive.

¶Reply

31. Amey says:

September 12, 2017 at 9:57 pm

Can i put manual orders base on price action and preset my target on charts

¶Reply

◦ Nithin Kamath says:

September 12, 2017 at 10:22 pm
 You can currently do this on Pi.

¶Reply

32. PK says:
February 6, 2018 at 7:17 am

Hi
I have 2 questions.
Is there a possibility that Zerodha will provide Good Till Cancelled (GTC) facility in future ?
Can Amibroker be used with downloaded quote from AmiQuote instead of subscribing to data feed
atleast for sometime to get acquainted with the system ?

Thanks

¶Reply

◦ Matti says:
February 6, 2018 at 11:13 am

1. Yes, GTC orders are on our list of things to do.

2. Yes, if you’re happy with the data, you can. But firing orders would be difficult without a real-
time feed.

¶Reply

◦ Danny says:
March 10, 2018 at 1:46 pm

Yes , “GOOD TILL CANCELLED Order”s are much needed, when can we expect this

¶Reply

◦ Danny says:
March 10, 2018 at 1:47 pm

Yes , “GOOD TILL CANCELLED Order”s are much needed, when can we expect this feature

¶Reply

33. Shaleen Gaurav Agarwal says:

February 19, 2018 at 11:56 pm

Hi

I am a Zerodha client for last couple of years. I have developed a strategy for F&O trading, which
requires manual interventions as per market movements (not completely automated). Pl suggest
backtesting platform which could be used for back-testing with User interface.

Best Regards
 Shaleen

¶Reply

◦ Matti says:
February 20, 2018 at 7:36 pm

For futures, you can check out Streak.

¶Reply

34. Rahul Singh says:

May 12, 2018 at 12:53 pm

Hi Zerodha,

The links which you guys has been linked in contents of Amibroker are not working,Could you link
correct hyperlinks so that we can refer to those links,Not even a single hyperlink are having correct
page link here,

Thanks,

¶Reply

35. pankaj says:

February 20, 2019 at 11:50 am

dose zerodha provide auto trade with ambibroker platform. algotrade

Thanks

¶Reply

◦ Matti says:
February 22, 2019 at 3:22 pm

Automated trades aren’t allowed for retail traders by the exchanges in India.

¶Reply

36. Manu says:

March 12, 2019 at 3:08 pm

Hi
I am new into trading, how amibroker will help me in trading ?

¶Reply

◦ Faisal says:
March 19, 2019 at 2:55 pm
 Few of the helpful features of Amibroker are explained in the above post.

¶Reply

37. Pradeep soni says:

March 24, 2019 at 10:14 pm

Hello sir ,
Can I buy amibroker pro and data feed through zerodha at discount ?

¶Reply

38. akash jajoo says:

June 5, 2019 at 3:42 am

Dear Zerodha Team

I want to know, how can I get Time and Sales Data as those USA Brokers have.

¶Reply

39. mukul agrawal says:

August 26, 2019 at 7:21 pm

I want to implement the API on my website I need a link so that I can check before proceeding

¶Reply

40. Viswajith says:

September 15, 2019 at 6:14 pm

Hi,
Can we automate our trade using amibroker and is it possible to auto trade f&o through amibroker?

¶Reply

◦ Viswajith says:
September 15, 2019 at 6:15 pm

Also please suggest which version of amibroker should i subscribe for doing automated trading

¶Reply

41. Vandana says:

November 4, 2019 at 7:13 am

Hi Nithin Kamath Sir,

I want to code something like ‘current price = previous close price + 20 ‘ which I found cannot be done
through streak. May I know which platform will help me do this ? Also in streak the SL is in %. I would
need a specific price to get coded. How can this be possible? Please reply.
 ¶Reply

42. S V Prasad says:

November 10, 2019 at 9:02 am

Please provide the link to buy AmiBroker software license for zerodha clients

¶Reply

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