If you’re using Amibroker for technical analysis, you already know that getting accurate and real-time data is crucial for making the right decisions in the stock market. But with so many vendors out there offering NSE (National Stock Exchange) data, how do you pick the best one? Here’s a simple guide to help you out.
1. Check NSE Authorization
Before anything else, make sure the data vendor is authorized by the NSE. You don’t want to rely on someone who’s not officially allowed to provide this data! NSE authorization guarantees the data’s accuracy and timeliness. Most reliable vendors proudly display this certification on their website. Here I listed out the NSE authorized data vendors
Several authorized NSE data vendors provide real-time and historical data for various platforms like Amibroker. Here are some notable vendors:
- Global Datafeeds – They are one of the leading authorized vendors, providing low-latency real-time data for NSE (stocks, indices, F&O), MCX, and BSE. Their service is compatible with 25+ technical analysis platforms like Amibroker and MetaStock. Their uptime is nearly 99.995%, ensuring reliable data delivery, making them a solid choice for traders using APIs or platforms Global Datafeeds.
- TicAnalytics (AccelPix) – Offering authorized data for NSE and MCX, TicAnalytics focuses on providing uninterrupted real-time tick-by-tick data, with easy integration into Amibroker and Ninjatrader. They boast zero downtime, making them ideal for continuous market access(ticAnalytics)
- ValveNet Technologies – Another popular vendor, ValveNet provides streaming real-time data for NSE, BSE, and MCX across multiple charting platforms like Amibroker. They offer different plans based on data types and have a reputation for fast, accurate data feed.
2. Real-Time vs. EOD Data
Decide whether you need real-time data or end-of-day (EOD) data. Real-time data is a must if you’re into intraday trading or need constant updates to make quick decisions. EOD data, on the other hand, is more suited for long-term investors who just need daily updates. Some vendors offer both, so choose based on your trading style.Here I listed the data vendors which provide both Real-time data and EOD data ( In my previous blog I shared the full details about the data vendors).
List of source for Both Real-Time and End-of-Day Data:
ValveNet Technologies:
- Overview: Provides free real-time and End-of-day data(without any delay), Extensive databases of past market data, useful for back-testing trading strategies and conducting detailed analysis.
- Website: ValveNet Technologies
TradingView
- Overview: Provides both real-time and historical data, along with charting tools and community features.
- Website: TradingView
Yahoo Finance
- Overview: Offers both real-time quotes (with a delay) and end-of-day data, along with financial news and analysis.
- Website: Yahoo Finance
Google Finance
- Overview: Provides both real-time and end-of-day data, along with market news and basic charting.
- Website: Google Finance
3. Compatibility with Amibroker
Amibroker is a powerful tool, but not all data vendors play well with it. Look for vendors that offer easy integration with Amibroker. Most reputable ones provide plugins or setup guides that allow seamless data flow into your software.
When choosing a data vendor, it’s important to ensure they offer plugins, APIs, or support specifically for Amibroker. This ensures that data flows smoothly, whether it’s real-time tick data or historical data for backtesting. Most of these vendors offer setup guides or customer support to help traders integrate the data without any technical issues.
1. Global Datafeeds
Global Datafeeds is one of the most widely used data vendors for Amibroker. They provide real-time, tick-by-tick data for NSE, MCX, and BSE. They support multiple charting platforms, and their data is delivered with minimal latency, making them a solid choice for traders who need high-speed access to stock market data. Global Datafeeds also offers EOD (End of Day) data and has strong customer support for Amibroker integration.
2. ValveNet Technologies
ValveNet Technologies is another highly recommended vendor that integrates easily with Amibroker. They provide real-time and historical data for NSE, BSE, and MCX. ValveNet Technologies offers various subscription plans based on the trader’s needs, including streaming and backfill data options. Their setup process is simple, with easy-to-follow guides that allow users to sync the data directly into Amibroker.
3. TicAnalytics (AccelPix)
TicAnalytics, also known as AccelPix, provides NSE-authorized data that works with Amibroker. Their service focuses on delivering uninterrupted real-time data, with a special emphasis on speed and accuracy. Their integration with Amibroker is user-friendly, allowing traders to use real-time tick-by-tick data with minimal hassle.
4. Spider Software
Spider Software is another vendor offering authorized NSE data feeds. While primarily focused on their charting software, they also provide data for Amibroker users. Their real-time and historical data is optimized for Indian markets, including NSE and MCX, ensuring compatibility with Amibroker’s robust analysis tools.
4. Data Quality and Accuracy
The best vendor is one who provides accurate, clean, and comprehensive data. Look for vendors that offer tick-by-tick data (if needed) and cover various market segments like equities, futures, options, and indices. Reviews from other Amibroker users can help you gauge the quality.
5. Customer Support
When you’re dealing with real-time data, any downtime can be frustrating. Ensure the vendor has a reliable customer support team that can help you quickly if any issues arise. Having access to quick troubleshooting can save you from missing crucial trades.
1. ValveNet Technologies
Their customer support has received positive feedback for being responsive and helpful, especially for technical queries related to data integration and platform setup. Users have noted that ValveNet Technologies provides multiple support channels, including email and phone support, with a focus on addressing issues quickly during market hours.
ValveNet is also appreciated for its documentation and tutorials, which help users navigate platform integration independently. Their support system is robust enough for traders using Amibroker or other technical platforms.
2. Global Datafeeds
Global Datafeeds is praised for its professional customer support. Users have reported that their team is well-synchronized and quick to respond to issues, particularly when it comes to real-time data interruptions or integration challenges with platforms like Amibroker.
3. TicAnalytics (AccelPix)
TicAnalytics is recognized for offering personalized customer service. The company’s focus on minimal downtime and ensuring a smooth customer experience has been praised by traders. While their support is generally reliable, some users have mentioned that response times can be slower during peak market hours, but they typically provide satisfactory solutions when contacted.
6. Affordability
Price is always a factor. Vendors offer different pricing plans depending on the kind of data you need (real-time vs EOD) and how often you want updates. Compare a few vendors and choose one that fits your budget without sacrificing data quality.
| VENDOR | PLAN | PRICING |
| VALVENET TECHNOLOGIES | NSE-Real time data | 720/- Month with 500 symbols limit |
| GLOBAL DATA FEEDS | NSE-Real time data | 3999/- Month with 100 symbols |
| TICANALYTICS (ACCELPIX) | NSE-Real time data | 1899/- Month with 120 symbols |
| SPIDER SOFTWARE | NSE-Real time data | 2500/- Month with 100 symbols limit |
7. Free Trials
Many vendors offer a free trial period, which is a great way to test the waters before committing. Use this time to check data speed, accuracy, customer support, and how smoothly everything integrates with Amibroker.
8. User Reviews
One of the easiest ways to evaluate a data vendor is to look for reviews from actual users. You can find these on Google Reviews, forums, social media, or even specific Amibroker user groups. People who’ve already used a particular vendor’s service can give you valuable insights into its pros and cons. As far as reviews are concerned, ValveNet Technologies outperforms every other data vendor, which proves their overall satisfaction.
Final Thoughts
Choosing the right NSE-authorized data vendor for Amibroker can make a big difference in your trading journey. Keep in mind your specific needs—whether it’s real-time data or EOD, your budget, and the support you might need. Do your research, try out free trials, and pick a vendor that enhances your trading experience.
Read more: Real-time Global Stock Market Feed in India
