00:00Hello everyone. Welcome back. If you had just say 10 seconds to figure out what's going on in the
00:04market, like which sectors are hot, which ones are dragging and where the momentum is, could you do it?
00:09Right. If you're like most traders or investors, you're probably juggling between three or four tabs, maybe a market.
00:14Your overview page, a charting platform, or your broker app, just to make sense of the day's action.
00:19It's kind of very messy and it wastes a lot of time. That's exactly why I decided to build something simple clean.
00:24And what I believe to be a useful tool called the Nifty Indices Heatmap Dashboard.
00:29Just by using Python and Streamlit. And the best part is it doesn't require any API. There's no comp.
00:34complex web scraping required. It's all done using publicly available data and in less than 100 lines of code.
00:39In this video, I'll walk you through the exact features of this dashboard, how it works and why it's a great project.
00:44Even for beginner Python users and how you could build it or use it for free. So let's jump in.
00:50If this is your first time here, welcome. My name is Vivek and I'm a financial independent algo trader.
00:54This channel is
00:54It's all about building a community of algo traders. We discuss everything about algo trading using Python, building and backlisting trading strategy.
00:59We'll see you in the next video.
01:00We'll see you in the next video.
01:04YouTube channel, Fab Wealth, where I talk about my own financial independence journey and shares tools, methods and strategies.
01:09That helped me achieve my financial freedom. Thank you.
01:14I want to show the details of what I'm covering in this video, along with the full Python code is available on our community website.
01:19I will share the link to this article in the description and the comment section below this video.
01:24Exactly is this tool. I was working on a side project, which involves building a dashboard that can give quick
01:29deeper insights of the market. As part of it, I built this small tool and I thought that there could be probably people.
01:34people out there looking, looking to build something similar and just wanted to share my code with you. The index heatmap.
01:39dashboard is pretty simple and gives you a quick visual pulse of the Indian stock market. The tool is pretty simple.
01:44At the top you have this dropdown, which contains all the currently available NSE indices here.
01:49In future, anything gets added, it's customizable. You can add it to the list. And then whenever you select an index year from...
01:54...this list, the tool automatically pulls up data from the NSE website. Things like what stocks...
01:59...or constituents or constituents of the particular index that you've selected, latest price information and all that. And then press...
02:04...in a heatmap format right here. Since I've selected the slice by as market cap, each box...
02:09...basically represents the relative market cap size of these stocks. And then the color coding is as such.
02:14...that anything that is negative is on the reddish tone and anything that is positive is on the green tone.
02:19And...
02:19...and it's everything in between. So with one glance, you can instantly tell which stocks are leading in the index and where...
02:24...the momentum lies. Even better, you have three display modes here. The first one, as I explained, is the market cap, which basically...
02:29...it is based on the market cap. And then you can go by the gainers, the top gainers within that indices...
02:34...along with how much percentage it has gained. And then similarly for losers within that index as well.
02:39I have a...
02:39...in a general appeal to make, close to 80% of the people who watch my videos don't seem to be subscribing.
02:43As you're aware, this can...
02:44...the community is just one person initiative dedicated to help people on their fire and well-building journey.
02:48...running and maintaining this...
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