miteysh

NSE BankNifty Spot Volume - by GrowMore Indicators

NSE BankNifty Spot Volume - by GrowMore Indicators !!

HOW Does it work ?

Trading volume is a measure of how much of a given financial asset has traded in a period of time. For stocks, volume is measured in the number of shares traded and, for futures and options, it is based on how many contracts have changed hands. The numbers, and other indicators that use volume data, are often provided with online charts.

The Spot Volume of NSE Bank-Nifty is hard to calculate, but TradingView Pine made it easier to calculate the actual spot volume 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 volume - of all Bank-Nifty banks.

User Options : Option to input security name and weightage nearby.
also have SMA of volume 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.

Feedback
Please click on the link/email in the signature or send me a private message for suggestions/feedbacks.
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact miteysh for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.

Author's instructions

Request DM for access to GrowMore Indicators @miteysh - telegram, email- edgineer@yahoo.com.

Want to use this script on a chart?

Warning: please read before requesting access.

Greetings !!..
Drop a mail to edgineer@yahoo.com or Drop a personal message for access. Questions, Help, Discussion -> Telegram: Telegram: @miteysh

Comments

great idea sir
Reply
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