Investing / Trading

How to Keep an Eye on Intra Day

TrueData Team · 17 Sep 2019 · 2 mins read · 22 Comments

Market eye filters is made creatively to help you take advantage of market opportunities without using any strategy. Market eye is an event tracker, a type of Market Scanner. There are pre-defined Bullish as well as Bearish events such as high of the day, low of the day, gap up, gap down, etc. Most of the software's in the market provide this kind of feature but what makes this feature unique in TrueData Cheetah is the option of 'Filters'.

Market Eye filters will help you to filter out the choppy market, as a good scanner should not have same stocks repeating itself.

As I mentioned above, taking advantage of market opportunities such as:

1) Gap up/Gap down:-

Breakout occurs when a stock forms a Gap up, trader can take a long position or cover short position or a Gap down, trader can go short or sell long positions.

2) Turn over:-

Volume breakout can lead to market reversal or conviction that breakout is real. Momentum traders are thus benefitted from volume breakout. High volume with gap up or gap down could be identified with this filter.

3) Identifying Support and Resistance:-

When a stock reaches a new high in an uptrend it forms support and similarly, resistance is formed when a stock reaches a new low in down market. Thus Selling in new low and buying in new high can be a profitable trade. Reversals build slowly. Also in case of the first sharp dip always finds buyers and the first sharp rise always finds sellers.

4) % Chg:-

Long candle (bullish or bearish) accompanied with high volume filter is significant.

Removes noise from the market. Only significant movement between tick is identified thus stocks with significant movement can be concentrated upon.

Thus using our market eye one can trade in any kind of market in the right direction irrespective of noise.

22 Comments

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· April 13, 2023

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Meyhar Singh

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· April 13, 2023

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Mamie · April 13, 2023

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· April 13, 2023

Remarkable! Its really amazing piece of writing, I have got much clear idea regarding from this article.

Meyhar Singh

rajbet app · April 29, 2025

Thank you for your warm and generous words sir! We are thrilled to know the article provided a clearer understanding to you.

Zakhir

· July 31, 2025

Good

Marisha Bhatt

Zakhir · August 04, 2025

Thank you Sir!

Prathab

· November 13, 2025

please share tips for intraday trading for beginners

Marisha Bhatt

Prathab · November 16, 2025

Some of the common tips for beginners include starting with small trades, using stop-loss, and avoiding trading on guesswork. Traders should follow simple charts, control emotions, and trade only with money they can afford to lose. We hope this resolves your query. Keep reading and engaging with TrueData for more insightful content!

Srinivas

· June 11, 2026

Nice read. It would be interesting to learn how these techniques perform during highly volatile market conditions.

Marisha Bhatt

Srinivas · June 11, 2026

Thank you for your feedback! We're glad you found the article useful. That is an excellent suggestion, market volatility can significantly impact intraday strategies, and we will soon add a section simplifying the same. Stay tuned!

Karan Singh

· June 26, 2026

Beginners can definitely learn something valuable from this post.

Marisha Bhatt

Karan Singh · July 01, 2026

Thank you for your kind feedback! We are delighted you found the article valuable for beginners. Our goal is to simplify investing and trading concepts and help readers build the confidence to make informed financial decisions.

Raj Kanth

· June 26, 2026

The tips on filtering market noise are very practical. Thanks for the informative post.

Marisha Bhatt

Raj Kanth · July 01, 2026

Thank you for your kind words! We are glad you found the tips on filtering market noise practical and useful.

Mariadas

· July 30, 2026

Excellent content! please explain which filters work best in trending markets versus sideways markets

Meyhar Singh

Mariadas · July 30, 2026

Thank you for your valuable feedback! That's a great suggestion. We'll consider creating a dedicated article explaining which filters tend to work best in trending markets versus sideways markets, along with practical examples to help readers choose the right approach for different market conditions.

Sudeep

· August 03, 2026

Which filters do you recommend combining for identifying high-probability intraday breakout trades?

Marisha Bhatt

Sudeep · August 06, 2026

Thank you for your question! There is no single filter that guarantees a high-probability intraday breakout, but many traders look for a combination of confirmations rather than relying on just one signal. A commonly used approach is to look for above-average trading volume, a breakout above a key resistance level, strong price momentum, and confirmation from indicators such as VWAP, RSI, or moving averages. It is also important to trade stocks with good liquidity and always use a stop-loss to manage risk, as not every breakout turns into a sustained move.

Atul Shree

· August 14, 2026

please need more intraday trading tips.

Meyhar Singh

Atul Shree · August 20, 2026

Thank you for the suggestion. We’ll consider covering more practical intraday trading tips and strategies in upcoming posts.