HOW Does it work ?
Trading is a measure of how much of a given financial asset has traded in a period of time. For stocks, is measured in the number of shares traded and, for and options, it is based on how many contracts have changed hands. The numbers, and other indicators that use data, are often provided with online charts.
The Spot of NSE Bank-Nifty is hard to calculate, but TradingView Pine made it easier to calculate the actual spot of Bank-Nifty .
As Bank-Nifty users are aware that the Bank-Nifty comprises of 12 banks and each bank has its own weightage in Bank-Nifty movement.
The Indicator has 12 inputs of banks that are in NSE Bank-Nifty and next beside there is weightage input for that particular bank,
now this weightage is modified by NSE every month so it should be changed every month. The link to it is - https://www1.nseindia.com/content/indice...
User must update the weightage given by NSE into indicator to use it flawlessly.
Disclaimer : Here the volumes are average of - of all Bank-Nifty banks.
User Options : Option to input security name and weightage nearby.
also have of of user defined length.
Visual Checks - The user could manually validate the back test results on various assets they would like to use this strategy on before putting it live.
How to get access
Please click on the link / email available in the signature or send me a private message to get access.
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