Nifty Volume profile + VWAP + EMA — Strategy by Wealth_Guide

The script picks up nifty stocks with their current respective weights and plots a Volume Weighted Average Price line along with 2 EMAs and an alert when the EMAs cross over.

You can customize the script for EMA lengths and to remove alert. Basic utility of the script is to analyse volumes driving the Nifty 50 index.

Credits to @daytraderph and his script (Custom Volume) who's code I used to build this script. Also thanks to my friend @Varun who helped me code it.

Release Notes:

Update 28-Jun-2020

1. Updated constituent entity weights as per latest available on NSE website

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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