Trade_Vertex

Trade Vertex - Bank Nifty Volume Indicator

NSE:BANKNIFTY

We all know that the value of an Bank Nifty is derived from top banking sector underlying stocks.
The value of Bank Nifty is calculated from free float market capitalization.
Using the same formula, I made an indicator on the bases of weighted volume of each stock.
This indicator will help you to plot Volume on Bank Nifty .

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

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Comments

how often the "defval" of these banks will change? how do we update them to be relevant (do we have to?)?
Thank you so much!
+6 Reply
Trade_Vertex rudrashivam
@rudrashivam, The defval value changes daily, but NSE/BSE updates the numbers every week. You have to keep changing them accordingly.
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