# Automate Your “Intraday Sell” Using Chartink and AlgoTest
Author: AlgoTest
Author URL: https://algotest.in/blog/author/algotest/
Published: 2025-02-01
Category: Chartink
Category URL: https://algotest.in/blog/category/chartink/
URL: https://algotest.in/blog/automate-your-intraday-sell-using-chartink-and-algotest/

Automating your trading strategy can save time and eliminate the need to monitor the markets constantly. With [**Chartink**](http://www.charting.com) and [AlgoTest](https://www.algotest.in), you can set up your strategy to execute trades automatically.

In this guide, you will learn:

- How AlgoTest Signals work.
- Step-by-step instructions to create a Chartink screener and set it up for automation with AlgoTest.
- How to verify and deploy your strategy in live markets or test it using forward testing.
- The requirements for automation.

## **How AlgoTest Signals Work**

AlgoTest Signals allow you to automate your trades based on predefined conditions from Chartink. When a breakout condition is met in Chartink, an alert is sent to AlgoTest, which executes the trade on your broker terminal.

### **Key Benefits:**

- Eliminate manual trade execution.
- Consistency in trade execution based on your strategy logic.
- Saves time and reduces emotional decision-making.

# Intraday Sell filter explanation:

- The filter checks if the current 5-minute trading volume is at least double the 22-period exponential moving average (EMA) of the volume. This means the current volume must be 100% greater than the average volume over the last 22 periods.
- The current 5-minute close is less than the previous 5-minute close by approximately 0.22%. This indicates a slight decrease in the stock's price compared to the last 5-minute period.
- The filter checks if the closing price of the current 5-minute candle is greater than 175 Indian Rupees. This means the stock's price must increase by at least 0.57% from 174.25 to exceed 175.
- The filter checks if the current 5-minute candle's closing price is less than or equal to 0.22% above its opening price. This means that if the closing price is at or below the opening price plus a small increase of 0.22%, it meets the condition.

## **Step-by-Step Guide to Automate Your Strategy**

### **Step 1: Create Your Screener in Chartink**

#### **Access Chartink**:

- Go to [Chartink](https://chartink.in/) and log in to your account.


#### **Create a Watchlist**:

- Navigate to the "Watchlists" section.
- Create a new watchlist for the instruments you want to monitor.
- Search for instruments you want to monitor and click on ‘Add Selected’.
- Watchlist is created with desired instruments.


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#### **Create a Screener**:

- Go to the "Screener" section and select any pre-existing template (e.g., " [Intraday Sell](https://chartink.com/screener/sell-volume-change)").
- Copy the Scan and then open it from the scans dashboard.
- Change the segment to your watchlist of instruments. (e.g., “Trent”)
- Now save the scan.

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### **Step 2: Create Your Strategy in AlgoTest**

#### **Login to AlgoTest**:

- Visit [AlgoTest](https://algotest.in/) and log in. Go to Signals Dashboard.

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#### **Create a New Signal**:

- Go to the Signals dashboard page and create a “New Signal”.
- Select Chartink as Signal Provider.
- Select Forward Test as Execution Type.
- Let’s create a new strategy, a strategy on AlgoTest that trades to execute if the signal is generated.
- Go to the “Stocks” tab to create a stock strategy.
- Select the index you want to trade. In this strategy, we will select “Trent”.
- Define the Trade you want to execute with Quantity, Position, Target and Stoploss.
- Save the strategy with a unique name.

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### **Step 3: Connect Chartink Alerts with AlgoTest Signals**

#### **Generate a Webhook URL**:

- Once the strategy is saved, you will receive a webhook url.
- Copy the webhook URL for your strategy.

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#### **Link the Webhook to Chartink Alerts**:

- In Chartink, navigate to your saved screener and click on "Create Alert."
- Paste the webhook URL in the alert settings.
- Save the alert.
- After Saving the alert click on “Start Listening” on AlgoTest.
- Your Signal is in listening mode now.

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# **Step 4: Deploy Your Strategy in Live Markets**

- Once satisfied with the forward test results, deploy your strategy in the live market by moving the signals to Live Trade.
- Connect your Broker and setup Execution settings to start your Algo Trading.


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## **Why Choose Chartink Premium**

Chartink's Premium Plan offers essential features for automation:

- Real-time data for scans and alerts.
- Flexible alert intervals (1/2/3/5 minutes, etc.).
- Notifications via SMS, email, and desktop/mobile.
- No coding required!

These features make it an ideal choice for seamless integration with AlgoTest Signals.

## **Requirements for Automation**

To use this setup, ensure the following prerequisites are met:

1. **Chartink Premium Plan**
   - A premium plan is essential for creating alerts and running screeners with real-time data.
2. **AlgoTest Signal Plan**
   - Activate the AlgoTest Signal plan to connect your strategy with Chartink alerts.
3. **Broker Connection with AlgoTest**
   - Connect your broker to AlgoTest via the broker setup page.


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