The Best Amibroker Datafeed Services in India

Amibroker is a versatile platform for charting, backtesting, and trading system development. Similar to how a car requires fuel to run, Amibroker requires data to operate. But unfortunately, data doesn’t come out of the box with an Amibroker subscription, you need to subscribe data separately from 3rd party sources and plug it into Amibroker. In this article, we’ll look at the best Amibroker Datafeed services in India. 

In case you are looking for Amibroker datafeed services in the US or other global exchanges, take a look at this article.

Connectivity with Amibroker – The datafeed should provide a plugin to connect with Amibroker in a hassle-free manner

Accuracy of data – The datafeed should provide accurate data that can be used for live trading as well as backtesting

Live and Historical Data – Along with the live data, the datafeed should provide an optional source of historical data that can be used for backtesting

Cost – The cost of data subscription should be nominal

Let’s look at the list we have come up with:

GDFL is one of the oldest datafeed services for Amibroker. It pioneered real-time data connectivity to Amibroker through a lightweight plugin.

NimbleDataPro is the data product from GDFL which offers real-time connectivity with Amibroker. Apart from NimbleDataPro, they also offer NimbleDataPlusLite and NimbleDataProPlus which connects with Amibroker as well as several other charting platforms like NinjaTrader 7, MetaStock, AdvancedGet, MultiCharts, etc

NimbleDataPro supports Supports AmiBroker 32 Bit / 64 Bit, and by default, you can view 255 symbols/exchanges at a time. 

Remarkable Features of GDFL NimbleDataPro:

• Connectivity: It offers low latency real-time connectivity to Amibroker using its proprietary plugin. The tick by tick data gets streamed to Amibroker in realtime for the symbols of your choice

• Data Coverage: With NimbleDataPro, you’ll have an option to access data for all the symbols from NSE Cash, NSE F&O, NSE CDS, and MCX. It covers a total of 55000 scrips across these exchanges.
• Historical Data: For different timeframes, it offers different duration of historical data as listed below. You also have an option to buy more historical data if required.
  • Tick Data – 1 calendar week
  • 1,2,3,4 Minutes  – 3 calendar months
  • 5,6,10,12 Minutes –  4.5 calendar months
  • 15,20,30 Minutes and 1,2,3,4,6,8,12 Hours – 6 calendar months
  • EOD data – from 2010

• Data Elements: The data contains Open, High, Low, Close, Volume, Open Interest, Bid, Bid Size, Ask, Ask Size, Trade Size, Change, and % Change for all symbols.

• Data Backfill: In case you need to shut down your computer during market hours, NimbleDataPro can automatically backfill the lost data within a few seconds.

Pricing

The pricing depends on the subscription period and exchanges you are opting the data for. At the time of writing this article, if you subscribe to all the exchanges (NSE, F&O, CDS, and MCX), it will cost you 9340 INR per month. In case you just need NSE data, the price will come down to 2775 INR per month

You can calculate the pricing from this link

Pros of GDFL NimbleDataPro

• Offers accurate tick-by-tick data
• Realtime connectivity to Amibroker with backfill feature
• Fetches data directly from Stock Exchange Servers. They are authorized data vendors of NSE and MCX

Cons of GDFL NimbleDataPro

• Higher than average pricing plans
• Doesn’t support BSE at the moment

Also Read: Automated Trading using Amibroker – 3 Proven Methods

If you are looking for a low-cost data feed for Amibroker, Amifeed would be your best bet. Similar to GDFL, it also integrates directly with Amibroker so that you can stream the data in real-time at a lighting speed.

Amifeed is specifically made for Amibroker, and so it doesn’t support other charting softwares.

Remarkable Features of AmiFeed:

• Connectivity: It connects directly to Amibroker without any need for any manual intervention. It also offers a backfill feature in case you log off from your system.
• Data Coverage: More than 900 symbols from equity cash, F&O, currency, and MCX segments
• Data Elements: The data contains Open, High, Low, Close, Volume, Open Interest for all symbols.

Pricing

Amifeed stands out from other similar data providers in terms of pricing. If offers a flat pricing structure of 449 INR per month without any symbol or segment restrictions.

This effectively means that you get access to data for all the symbols from all exchanges at just 449 per month.

You can also avail 7 days free trial before subscribing

Pros of Amifeed

• Cheaper than others
• No restriction on the number of symbols

Cons of Amifeed

• There is no mention of historical data feed on their website
• Backfill is buggy as per several user reviews
• Supports only 900 distinct symbols across all exchanges

TrueData is another popular datafeed provider for Amibroker as well as several other charting applications. It’s an authorized data vendor from NSE and MCX. Truedata provides data as well as softwares solutions for efficient decision-making in financial market transactions.

Velocity is the product from Truedata that offers historical as well as real-time datafeed to Amibroker. And once you subscribe to Velocity, you can also connect it to other charting applications as well as Microsoft excel with the same subscription. 

Remarkable Features of TrueData Velocity:

• Connectivity: It offers an optimized data plugin software that connects seamlessly with Amibroker
• Data Coverage: It provides data for NSE (Indices, Equity, Futures, Options, Currency Derivatives) & MCX (Commodity Futures &Options).
• Historical Data: For different timeframes, it offers different duration of historical data as listed below (for their Optima Plus plan)
  • Tick Data – 20 days
  • 1 Minute  – 1.5 calendar months
  • EOD data – 11+ years
• Data Elements: The data contains Open, High, Low, Close, Volume, Open Interest, Bid, Bid Size, Ask, Ask Size for all symbols.
• Data Backfill: Auto backfill happens every 2 seconds so that you don’t lose any data

Pricing

TrueData Velocity offers 6 different pricing plans and the pricing depends on a number of symbols, exchanges, etc. 

For their Optima Plus plan covering Equity, F&O, and CDS for 300 symbols, it will cost you 3889 INR per month. And the pricing starts from 1499 INR per month for NSE Equity

You can calculate the pricing from this link

Pros of TrueData Velocity

• Connects to Amibroker as well as various other charting softwares with the same subscription
• Realtime connectivity to Amibroker with backfill feature
• Fetches data directly from Stock Exchange Servers. They are authorized data vendors of NSE and MCX

Cons of TrueData Velocity

• Doesn’t support BSE at the moment
• Limited historical data available

Apart from the 3 Amibroker Datafeed Services listed above, there are several others that we haven’t tested yet but they are worth having a look at:

ValueRT

Amifeeder

NLCRTData

TrueLiveData

Final Words

Those were the Amibroker datafeed services we wanted to talk about. There are plenty of such services available on the internet but most of them are not reliable. Since trading involves putting your hard-earned money at stake, choosing the right datafeed is very important.

Let us know in the comments section if you found any other Amibroker datafeed, which you think should be featured in this article, we’d love to do so!