aditya_biswas

Bank Nifty Moneyflow Analytics

This indicator tried to visualize the Money flow happening in the Banking sector
It takes into account all the bank stocks contributing to the Bank Nifty Index of NSE(India)


This tool helps in understanding:
Bias of underlying assets ( bearish vs bullish , when green bars are higher in magnitude than red are, it's bullish & vice versa)

Critical Pivot is a point which is defined as the boundary of bullish & bearish sides.

Critical Interpretation: The blue line helps in understanding how far is the current price is from the critical pivot . If the blue line is below the dashed line , we expect prices not to prices to move in a stable range in next 15-30 mins

Using this tool in conjunction with Bank Nifty Algo can help in deciding the entry/exits in the Bank Nifty
For example, If we have green bars higher in magnitude than red & also a Buy signal from Bank Nifty Algo, we can go long & vice versa.

Disclaimer: This script/strategy is for educational purpose and individual use only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts. Please be fully informed regarding the risks associated with trading the financial markets.

This is a premium indicator
If you want access to this indicator, please message me (Links/Email in description below )
Release Notes: Changes done in order to incorporate the volume changes done by Trading view on 7th Dec 2020
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 aditya_biswas 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.

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Coordinates :
Telegram : https://t.me/banknifty_algo_trading ( Open to all - Share my Live Trades)
WhatsApp : +91-7044304979
Detailed demo/Live replay : https://www.youtube.com/channel/UC79RlSqRn85th7zgpZpz3Iw
Website : https://rzp.io/l/zATsGl7BV

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