It’s really good to know that Dhan team is already aware of their watchlist problems and limitations and that they are already working towards improving it.
Just a few suggestions and recommendations and our expectations about the watchlist for Dhan team to consider if they find these logical.
If Dhan team wants to retain the Grouping feature of watchlists then a few modifications should be considered as follows:
First of all, creating groups of watchlists should be made optional and not compulsory by default for every user. If someone does not want to create any groups and just wants to keep a long list of all the watchlists then it should be possible.
The capacity of each group should be flexible and not restricted to 10 watchlists strictly for each group. The total number of watchlists that Dhan wants to allow to create is up to them.
There is no option to delete a group preserving or transferring the watchlists inside that particular group. When we delete a group, all the watchlists also get deleted.
The groups do not synchronize on tv.Dhan.co platform. In fact, we do not see any such groups there. We only see a long list of all the watchlists which we have created in the web trader or TV.Dhan and that too only from the Default group. We do not see any other watchlists created in groups other than Default group. This is really strange and annoying.
Watchlists: When it comes to putting a name or heading for the watchlist we have only 16 characters to choose a suitable name which I felt was little too restricted while naming the watchlists. We cannot even use any special characters in the name of the watchlists which should be allowed.
We cannot transfer any symbols from one group to another or any watchlist from one group to another which should be taken care of.
Along with grouping of the watchlists if Dhan also can introduce internal grouping of symbols inside a single watchlist like Zerodha, Interactive brokers or even the original Tradingview platform itself then it would be icing on the cake.
And last but not least as everybody is screaming around to increase the capacity of each watchlist to at least 500 to 600 so that the largest possible list of Nifty 500 or a complete list of all the available Current and the Next month futures contracts should be accommodated in a single watchlist then the watchlist experience would become really great as it would reduce our requirements to switch among different watchlists and different groups frequently.
The number of watchlists and the number of symbols per watchlists will always be desired as maximum as possible by different users based on individual use case scenarios. So, it’s up to Dhan team how much capacity do they increase per watchlist in their upcoming updates for their users. Hope the improved version is released sooner so then we can start thinking about even newer features with watchlists and display of symbols inside the watchlist.
I have this kind of watchlist in my Tradingview platform which I use for scanning the charts and my everyday analysis of stocks and their Futures contracts.
This kind of watchlist is very convenient for me to quickly open the underlying stock chart and immediately if I want I can open the front or even the next futures chart to identify a most suitable level to plan my trade without switching over or fiddling around with different watchlists in the watchlist panel and I can give my full concentration and focus on the charts only which I feel is very crucial.
Following are the screenshots of my Commodities watchlist from MCX India.
The greatest convenience that I feel is I am able to accommodate all the FnO stocks along with their respective Front and Next Futures contracts in a single watchlist. Only rarely when I need to check the far month future, I need to use the search panel for getting to the chart of specific contract of that future. Otherwise this single watchlist completes my requirement for scanning the charts and planning the trades in any of the FnO stocks or their futures contracts most of the time.
If I can replicate similar watchlists in Dhan it would be a really great and pleasant experience to work with Dhan platform for our trading in NSE and MCX both.