Have you thought about how the price of BankNifty is calculated?
The price is being calculated by using the free-float market capitalization of the underlying stocks. To truly understand how BankNifty moves, we need special tools called breadth indicators. Price action doesn't help us accurately predict all the movements, but with this indicator, you can recognize which are fake break outs and real.
well the so called banknifty weighted capitalization indicator is same as dmi indicator, but remove adx line from indicator settings. and the second indicator is same as macd.
EternalBliss6969
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Hey everyone commenting this indicator is not free
thenameisrk_
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@EternalBliss6969, whats the fees and need to know some logic behind this