Technical Analysis on WebNotes

How to use Bollinger Bands on Kite

Sun, 17 May 2026 00:00:00 +0000

Bollinger Bands are a volatility-based envelope developed by John Bollinger in the early 1980s and now one of the most widely-used charting indicators on Indian retail platforms. They are built into Kite charts on both the ChartIQ and TradingView engines with Bollinger’s original 20-period, 2-standard-deviation defaults. The indicator’s enduring appeal is the way it visualises volatility regimes: the bands widen when price action becomes volatile and narrow when volatility compresses, often before a directional breakout.

How to use Fibonacci retracements on Kite

Sun, 17 May 2026 00:00:00 +0000

Fibonacci retracements are a charting tool, not an indicator: they draw horizontal lines at fixed ratio levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) between two user-chosen price points, typically a swing high and a swing low. The tool is built into Kite charts on both the ChartIQ and TradingView engines, with TradingView offering the broader Fibonacci toolkit (extensions, fans, arcs, time zones).

The premise of Fibonacci analysis is that markets retrace in proportional amounts after directional moves, and the ratios derived from the Fibonacci sequence (a number sequence where each term is the sum of the two preceding it, with successive ratios converging on phi, approximately 1.618 or 0.618 inverse) appear in those retracements often enough to be useful as decision inputs. The empirical case is mixed: there is no robust academic evidence that Fibonacci levels are predictive on their own, but they are widely-used as confluence inputs alongside other technical reference points.

How to use MACD on Kite

Sun, 17 May 2026 00:00:00 +0000

MACD (Moving Average Convergence Divergence) is a momentum and trend-strength indicator developed by Gerald Appel in the late 1970s. It is one of the three indicators most commonly cited in Indian retail trading literature alongside RSI and moving averages. MACD is built into Kite charts on both the ChartIQ and TradingView engines, with Appel’s original 12/26/9 parameter set as the default.

MACD’s strength is that it bundles two ideas in one indicator: a trend filter (the MACD line above or below the zero line, which reflects whether the 12-period EMA is above or below the 26-period EMA) and a momentum trigger (crossovers between the MACD line and a slower 9-period EMA of the MACD line). Combined with the histogram, which visualises the gap between the MACD line and the signal line, MACD produces three different reading angles from one indicator pane. The trade-off is that MACD is lagging: it derives from moving averages, so its signals tend to confirm trends rather than anticipate them.

How to use RSI on Kite

Sun, 17 May 2026 00:00:00 +0000

The Relative Strength Index (RSI) is a momentum oscillator developed by J. Welles Wilder in 1978 and now one of the most widely-used technical indicators across global retail trading. RSI is built into Kite charts on both the ChartIQ and TradingView engines, with Wilder’s original 14-period default. Indian retail traders use RSI for two main purposes: identifying potentially overextended price moves (overbought or oversold conditions) and spotting divergences between price and momentum that often precede reversals.

How to use Supertrend on Kite

Sun, 17 May 2026 00:00:00 +0000

Supertrend is one of the most-used trend-following indicators on Indian retail charting platforms, and it is available out-of-the-box on Zerodha Kite charts under both the ChartIQ and TradingView engines. The indicator plots a single line above or below price action: when the line sits below price, the market is in a presumed uptrend; when it flips above price, the trend is presumed down. Each flip is a discrete signal that many intraday and swing traders use as an entry or exit cue, though the indicator is far better as a confirmation tool than a standalone trading system.

How to use VWAP on Kite

Sun, 17 May 2026 00:00:00 +0000

Volume Weighted Average Price (VWAP) is the cumulative volume-weighted average price over a defined period, plotted as a single line on the chart. Unlike a moving average that weights each candle equally regardless of how much trading occurred, VWAP weights each price by the volume traded at that price. This makes VWAP a closer proxy for “what the average institutional participant has paid today” than any simple moving average.

VWAP is the indicator most-watched by institutional execution desks during the trading day. Block orders are often executed in slices around VWAP to match a benchmark; algorithms have explicit VWAP-tracking modes; and intraday retail traders use VWAP as a dynamic reference for whether the day’s buyers are collectively in profit or loss. On Kite, session VWAP (which resets at the start of every trading session) is available on both ChartIQ and TradingView. Anchored VWAP, which lets you pick a custom starting candle, is available primarily on the TradingView engine and is useful for swing analysis from significant chart points (earnings, news, or major swing lows).

How to scan stocks on Streak

Tue, 12 May 2026 00:00:00 +0000

Streak ’s stock scanner allows traders to search the NSE and BSE equity universe for stocks meeting custom technical conditions, filtering thousands of instruments down to a focused list of candidates that satisfy specific indicator criteria at a given point in time. This guide covers the scanner setup procedure, condition types available, timeframe selection, alert configuration, and how to act on scan results through Zerodha .

Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with Streak Tech Private Limited or Zerodha. No affiliate commission is earned from Streak subscriptions.