Trade Vertex - Bank Nifty Volume Indicator

Nifty Bank IndexNSE

Description

⋅ Jun 26, 2021 1:44 PM

NSE:BANKNIFTY

We all know that the value of an Bank Nifty is derived from top banking sector underlying stocks.
The value of Bank Nifty is calculated from free float market capitalization.
Using the same formula, I made an indicator on the bases of weighted volume of each stock.
This indicator will help you to plot Volume on Bank Nifty.

Volume Volume Indicator Volume Weighted Average Price (VWAP)BANKNIFTY nse BSE bankniftytrading bankniftyoptions options options-strategy futures

Comments

rudrashivam

⋅ Jul 17, 2021 6:17 AM

how often the "defval" of these banks will change? how do we update them to be relevant (do we have to?)?
Thank you so much!

Trade_Vertex

⋅ Sep 18, 2021 4:55 PM

@rudrashivam, The defval value changes daily, but NSE/BSE updates the numbers every week. You have to keep changing them accordingly.