OPEN-SOURCE SCRIPT

BankNifty Volume Indicator

KEY TAKEAWAYS

-Uses BankNifty Index Stocks Volume.

-BankNifty Volume Indicator is created by adding all BankNifty Stocks Volume together.

-BankNifty Volume will be an important indicator in BankNifty Index technical analysis because it is used to measure the relative significance of a market move.

-The higher the volume during a Banknifty index price move, the more significant the move and the lower the volume during a Banknifty index price move, the less significant the move.

-Moving Average is also added.

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 publication is governed by House rules. You can favorite it to use it on a chart.

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