Build Custom Indicators with Smart Script on Smart Charts | FYERS Webinar

Summary

The webinar demonstrated FYERS Smart Scripts, a tool for building custom technical indicators in Smart Charts. Users can write code or ask the FIA assistant to generate or modify scripts. The examples focused on combining technical conditions into clearer chart signals. No market outlook or investment performance data was presented.

Indicator examples and frameworks

• EMA crossover: A basic example used the 50- and 200-period EMAs, with the 50 EMA as the faster average and the 200 EMA as the slower one.
• Combined short-term signal: The presenter asked FIA to create a bullish signal when an 8/21 EMA crossover, a bullish 10-2 Supertrend reading, and RSI above 60 coincide. The reverse conditions would generate a bearish signal. The goal was to combine multiple indicators into one signal rather than clutter the chart.
• Multi-timeframe analysis: A sample compared 5-, 15-, and 60-minute charts using RSI 14, EMA 20, Supertrend, and MACD. The suggested workflow was to check whether indicators align across timeframes. A green chart background indicated bullish alignment, with the presenter advising viewers to avoid trading against the apparent trend.
• RSI crossover: Another example combined RSI 5 and RSI 11 to generate bullish or bearish signals. The precise threshold description in the subtitles is unclear.
• Supertrend and Williams fractals: A custom indicator combined three Supertrends with Williams fractals to identify swing highs and lows. The stated signal concept was to require all three Supertrends to be positive, then look for price to break above a fractal high for a bullish signal, or use the corresponding bearish setup. The presenter gave differing configuration examples, including 10-3, 15-4, and 21; another part of the demonstration mentions different settings.
• Mean-reversion example: A possible bearish setup was described when price moves above the upper Bollinger Band while RSI is above 80.

The presenters also demonstrated copying TradingView scripts into Smart Scripts, including examples identified as UTBot Alerts and WaveTrend/LazyBear.

Product details, limits, and cautions

• Smart Scripts were described as available only in Smart Charts at the time—not in regular TradingView charts, the options scalper, screeners, or the mobile app. The presenter said the feature was free.
• The webinar stated that non-premium users received five FIA prompts and could create up to 20 indicators or scripts. Premium users received unlimited prompts and could create up to 100 indicators; the exact premium script limit was unclear.
• Indicator alerts, automated orders based on custom-script signals, and custom-indicator screeners were not available during the webinar. The presenters said alerts and automation were in development, but users could act on signals manually.
• The presenter quoted Prime pricing as $5,000 annually or ₹499 per month plus GST; the annual amount is unclear in the subtitles. They also said the commission rate could fall from ₹20 to ₹15 for eligible scalping trades. These were webinar statements, not independently verified pricing.
• Complex scripts may take time to calculate. The presenters invited users to report performance issues through the help section.
• The examples were indicator demonstrations, not reported backtest results or evidence of profitability. No returns, win rates, valuation metrics, or macroeconomic analysis were provided.

Assets and instruments mentioned

• HDFC Bank was used as a chart example, including a demonstration of displaying corporate actions.
• ETFs were mentioned in a question about future functionality.
• Other references were to chart indicators and trading tools, not specific securities: EMAs, RSI, Supertrend, MACD, Bollinger Bands, Williams fractals, and TradingView/Pine Script indicators.

Presenters and source

• Presenters: FYERS webinar representatives; individual names were unclear in the subtitles.
• Source: FYERS Platforms webinar. FIA was demonstrated as the platform’s AI assistant.