Published on: April 8, 2025
When it comes to trading, timing is crucial. Whether you are an intraday trader or an investor, one of the most critical factors for success is executing trades at the right moment. The day traders rely on stock momentum, looking to capitalise on quick price movements to make profits. Stock selection is important, but the ability to identify and act on the right price at the right time is what separates successful traders from the rest.
In this regard, trading alerts have become increasingly valuable. With the variety of scanners and tools available to traders, being able to trade at the precise moment when the system triggers an alert can significantly reduce slippage and improve overall trading efficiency. This is where BUZZAR product steps in, taking a major leap forward by offering a streamlined solution to trade directly from the scanner.
The Role of BUZZAR in Trading Alerts
At Definedge, we understand that our users want to stay ahead of market trends, which is why we have developed BUZZAR – a dynamic alert system that empowers traders to receive notifications based on specific price movements, volume changes, or even user-defined strategies.
BUZZAR is designed to notify traders when certain conditions are met, whether it’s a price change, a volume shift, or a specific strategy you have defined. This helps traders stay on top of the market, especially when timing is critical, allowing them to make quick decisions that can impact their overall success.
You can set BUZZAR alerts for a wide range of stocks and assets, covering the NSE, F&O, BSE, MCX, and Currency segments. You can store up to 300 alerts at a time, and you will receive notifications for free via email and through the Zone mobile app. For those using the pro version, there’s an added benefit of receiving SMS alerts as well.
Creating a Price and Volume-Based Strategy
BUZZAR is highly customisable, which means you can design alerts that match your specific trading preferences. One popular strategy is to trigger alerts using price and volume criteria. Here’s a simple example of how to create a strategy using Price and Volume:
- Strategy Name: Choose a relevant name for your strategy.
- Select the Script, group, or Option Strategy: You might select individual stocks, a group, or an option strategy like Straddle or Strangle. You can also select the customisable group (if you created it).
- Price: Define your price change criterion, either as a specific value or a percentage change. (1)
- Volume: Similarly, set your volume condition based on value or percentage change. (2)
- Place Order: Once the conditions are met, you can place an order directly from the BUZZAR alert. We will discuss this feature ahead. (3)
For instance, let’s say you want to create a “Long-Only” strategy. You could set the following conditions:
- Price: Should increase by 3%.
- Volume: Should increase by 100%.
Once these conditions are met, BUZZAR will notify you via the Zone mobile app, providing you with a list of stocks that qualify based on these criteria. (Refer the above image)
The “Place Order” Feature: Seamless Execution
What truly sets BUZZAR apart is the ability to place trades directly from the alert notification. This is a major time-saver, ensuring that traders don’t have to manually search for the stock or asset once the alert triggers.
When a notification comes in, users can quickly execute the trade by following a few simple steps:
- Choose the Trade Type: Decide whether the trade is intraday or positional.
- Select Quantity: Choose how many units of the stock or asset you wish to buy or sell.
- Buy or Sell: Specify whether you want to buy or sell the asset.
It’s important to note that your trading account needs to have sufficient balance to execute the trade.
Creating Alerts for Your Own Trading Systems
If you have a proprietary trading system and wish to set alerts or automate trades based on your custom strategy, BUZZAR is fully equipped to integrate with such systems. By using RZone’s System Builder, you can create and save your custom systems and link them to BUZZAR’s alert features.
For example, if you want to use your specific trading system, follow these steps:
- Create a new strategy in the System Builder in RZone.
- Save your strategy for use within BUZZAR.
- Link your custom system to BUZZAR by selecting the relevant conditions from the system you have built.
Additionally, we offer pre-loaded, popular strategies that you can use directly, or you can check highlighted conditions for a quicker setup. Once you have defined your conditions, you can place orders in the same manner as described earlier.
Additional Convenience: Setting Alerts from Charts
To make things even easier, BUZZAR also allows you to set alerts directly from any chart within the Zone platform. By simply right-clicking on the chart, you can instantly create alerts without navigating through complex menus. This feature provides a more intuitive and seamless trading experience.
Is BUZZAR Right for You?
The BUZZAR alert system is a game-changer for traders, providing both flexibility and ease of use. Whether you are trading based on price, volume, or custom strategies, BUZZAR ensures you get notified at the right time, allowing you to act fast and trade efficiently. With the ability to place orders directly from alerts and integration with custom trading systems, BUZZAR brings everything together into one powerful tool.
Are you excited to try BUZZAR for your trading strategies? With our continued commitment to customer-centric development, we are confident that BUZZAR will help you make better trading decisions, faster.
