🔹 Nifty 10 VWAP Status Table - Multi TF 🔹
🚀 This powerful indicator helps traders analyze the Nifty 50 Index direction by tracking the VWAP status of the top 10 weighted stocks in the index.
✅ Features:
✔️ Tracks the top 10 weighted Nifty 50 stocks.
✔️ Displays whether each stock is trading above or below VWAP.
✔️ Shows the weight (%) contribution of each stock in Nifty 50.
✔️ Provides a summary of the number of stocks above/below VWAP.
✔️ Displays the cumulative weight percentage of stocks above and below VWAP.
📊 How to Use?
If more heavyweight stocks are above VWAP, Nifty 50 is likely to have a bullish sentiment. 📈
If more heavyweight stocks are below VWAP, expect bearish pressure. 📉
The weight summary gives a broader market perspective beyond just the count.
💡 This indicator is useful for intraday traders, scalpers, and positional traders looking to gauge the market sentiment quickly. Stay ahead of the game and make data-driven trading decisions! 🚀
🔔 Available on TradingView! Try it out and gain an edge in your trading strategy.
🚀 This powerful indicator helps traders analyze the Nifty 50 Index direction by tracking the VWAP status of the top 10 weighted stocks in the index.
✅ Features:
✔️ Tracks the top 10 weighted Nifty 50 stocks.
✔️ Displays whether each stock is trading above or below VWAP.
✔️ Shows the weight (%) contribution of each stock in Nifty 50.
✔️ Provides a summary of the number of stocks above/below VWAP.
✔️ Displays the cumulative weight percentage of stocks above and below VWAP.
📊 How to Use?
If more heavyweight stocks are above VWAP, Nifty 50 is likely to have a bullish sentiment. 📈
If more heavyweight stocks are below VWAP, expect bearish pressure. 📉
The weight summary gives a broader market perspective beyond just the count.
💡 This indicator is useful for intraday traders, scalpers, and positional traders looking to gauge the market sentiment quickly. Stay ahead of the game and make data-driven trading decisions! 🚀
🔔 Available on TradingView! Try it out and gain an edge in your trading strategy.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.