This simple indicator computes the average Relative Strength Index of each Banknifty stock and displays the volume on the chart with color schemes while the average line indicates the average RSI of all Bank Stocks. This indicator works on Banknifty and its stocks.
It works on all time frames
How You can use this?
You can use this indicator for Volume...
NIFTY and BANKNIFTY Being Index do not have VWAP (because there is no volume generated). This is a simple script that displays NIFTY's future VWAP on NIFTY's Spot chart and similarly, displays BANKNIFTY's future VWAP on BANKNIFTY's sport chart. Fast and quick. Just few lines of code. No hefty un-necessary calculations.
No settings necessary. The script...
- This script plots Inside Bar for given day in selected time-frame (applicable only for Timeframes < Day)
- Basis plotted inside bar, relevant targets are marked on the chart
- Targets can be customised from script settings. Example, if range of mother candle is 10 points, then T1 is 10 * x above/below mother candle and T2 is 10 * y above/below...
SD Levels is an indicator for the gap-up gap down markets
Works best on 5minute and lower time frames.
Involves standard deviation levels, Emas and Vwap.
Colorful lines are standard deviation levels which are +0.33,-0.33,+0.66,-0.66,+1.00 and -1.00 based.
Static Gray line is settlement line based on the first candle of the day and the tf you choose (default...
#banknifty algorithmic trading :-
The strategy is based on moving average and work best on #banknifty 1 hour time frame, you are adjust the time frame based on your comfort.
The source code is open for you to add additional logic and you can use other indicators for active filtering.
This algo can be used in conjugation with the other trend indicator.
This shows a performance glance of Dow, India Vix and Major Constituents of Bank Nifty. Which will help to take quick decision.
Normalized Change Mode: Allows the user to access a different interpretation of the indicator by showing the normalized first differences of each indicator in the dashboard instead of their sign
Higher Higher, Lower Lower Indicator (A B C patterns) with breakout levels
When LH breaks take entry on buy side and keep stop loss at HL
When HL breaks take entry on sell side and keep stop loss at LH
Use only for Intraday day
Less risk in 15min time frame and in 5mins time frame ignore on flash breakouts
Target will be 1:1 / comfortable
Hello Traders !!
This is a simple super trend based MAST trend.
By default the supertrend is 10 period with 3 ATR multiplier.
A moving average is used to benefit from the pullback entries.
Bullish Pullback : Price above Supertrend & below MA
Bullish: Price above Supertrend and above MA
Bearish pullback : Price below Supertrend & above MA
Nifty / Banknifty Dashboard :
Shows Values of different Indicators on current Timeframe for the selected Index & it's main constituents according to weightage in index.
customized for Nifty & Banknifty (You can customize it according to your needs for the markets/indexes you trade in)
VWAP : if LTP is trading above VWAP then Bullish else if...
Simple Price Action + Bollinger Band Strategy
Buy Setup --------
- Price closes below Bollinger Band
- Last candle closes in green, confirming bulls have returned
- Buy trade is taken
Short Setup --------
- Price closes above Bollinger Band
- Last candle closes in red , confirming bears have returned
- Short trade is taken
Strategy open for suggestions and updation
BankNifty Index is calculated based on the movements of its participants. Every time you think of why is Index going up/down, who is actively dragging the index either ways, this Indicator gives you the answer for the same in realtime!
For example : You see HDFCBank and Kotak Bank significantly up while all other banks going down but index reacting in a...
Why this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume .
This is the pine script which calculate the nifty 50 volume .
Take each stock contribute to nifty 50 and find it's volume .
Multiply the same with contribution percentage of the same on Nifty 50
Add up all of them and find the total volume...
The McClellan Oscillator developed by Marian McClellan is a useful breadth indicator because it describes the acceleration that takes place in the breadth numbers.
How to read McClellan Oscillator
A positive or negative value gives a simplistic bullish or bearish statement about the short-term trend of the market
Very low readings show oversold conditions
A simple vwap based Intraday trend indicator.
Volume-Weighted Average Price (VWAP) - the average price weighted by volume, starts when trading opens and ends when it closes. This can help institutions buy or sell in large orders, without disturbing the market.
After buying or selling, institutions compare instrument price to closing VWAP values at end of the...
This script gives you an overview of banknifty and its underlying heavy weight stocks based on RSI
You can view the trend in single chart in 3 different time frames.
Color indication green for bullish and red for bearish trend and white for neutral
Symbol name shows green if the current day change is positive. Else red color
- 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...