BANK NIFTY INDICES IS WIEGHTAGE OF 12 STOCKS AS DECIDED BY EXCHANGE. BANK NIFTY VWAP CALCULATES COMBINED VWAP OF THESE 12 STOCKS AND GENERATES VWAP FOR BANK NIFTY
This indicator is designed for Banknifty which is traded on NSE(India). It works best in 1-M and 5-M time-frame. You can always experiment with any other time-frame with various combinations of settings. Green Line- Buy Trigger Line Red Line- Sell Trigger Line Period: No. bars for look-back period. Trade Trigger Type: 1. ATR Based – Trade will be initiated...
This is non-repainting indicator which can be used for Index, Stocks, Commodities and Bitcoin or any other securities depending upon the various parameter setting of the indicator. This particular strategy is for intra-day Bank Nifty Index which is traded on NSE(India). The same strategy can used for Nifty, Stocks and other indices also by adjusting the...
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 ...
Breadth Indicators Summary : Script calculates Advance and Declain value based on weightage of each Bank share in BankNifty Index Bank NIfty is not an asset and it does not have value. It is composition based on multiple bank stocks with different weightage. This tool display the indicator based on "Number of Stocks Moving on UP TICK" and "Number of Stocks...
I have developed this strategy for NIFTY-50 Index on which is traded National Stock of Exchange(India). It is non-repainting indicator and uses @version=4 This script uses hourly and daily price data. The results will be very different depending on the chart and time-frame of your choice and date range of your choice. The default contract quantity is set to 2...