The Spot is calculated by the weighted sum (Composite method) of deriving stock from underlying 12 stocks in the Bank Nifty Index.
This Indicator has ability to multiply The With Price and Take the Output of or A/D to be fed as source in other indicators.
Light Green Color Shows Total Bull > With Dark Green Color as Accumulation
Light Red Color Shows Total Bear Volume< With Dark Red Color as Distribution
Moving Average for and A/D Line can be added with custom Moving Average Settings
Note:Trading view still does not provide in Bank Nifty Index and this indicator calculates Spot which is different than of Bank Nifty .