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INVITE-ONLY SCRIPT
Updated

Weighted Bank Movement

The indicator comprises of a solid line that moves from -100 to +100 signifying the % of weighted movement among 12 banking stock constituting to the BANK NIFTY movement. A positive value denotes the percentage of banks among the 12 banks that are trading above the previous HLC average ( High , Low , Close ) and vice versa a negative value denotes the percentage of banks trading below the previous HLC ( High , Low , Close ) average. Comments and feedback are welcome. Should you have any doubts or wish to access the script then please feel free to DM me.
Release Notes
Updated plot style from line to columns and split them by the the stocks trading in above the previous close and below the previous close and a gray line denoting the stocks trading same as the previous candle close .
srinivasbusy
Advance/Decline LineAdvance/Decline RationiftybankTrend Analysisweighted

Invite-only script

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srinivasbusy

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