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...
To see the volume of Nifty and Banknifty indices we often refer to their Futures chart. With the help of this script, you can directly plot the volume of Nifty Futures over the Nifty chart and Bank Nifty Futures over the Bank Nifty chart. If the scrip entered is other than Nifty or Bank Nifty it will plot the default volume of that scrip.
NSE:BANKNIFTY Index is traded significantly along with NIFTY and having a VOLUME indicator is very helpful for those who follow it extensively as it is used to measure the relative significance of a price move. Given TradingView doesn’t provide the VOLUME on Index chart, many end up using BANKNIFTY FUTURE chart for volume information. This indicator helps...
NSE BankNifty Spot Volume - by GrowMore Indicators !! HOW Does it work ? Trading volume is a measure of how much of a given financial asset has traded in a period of time. For stocks, volume is measured in the number of shares traded and, for futures and options, it is based on how many contracts have changed hands. The numbers, and other indicators that...