- 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 analysis if the average RSI line is above the 0 line, the stock is moving upside and vice versa for Downside .
Notes de version:
- Minor changes : RSI Period added in setting and more confirmation using EMA
Notes de version:
Set Timeframe as per your need
Notes de version:
Improvement
Notes de version:
The Trend Reversal Cloud with Customized timeframe option was added to help forecast when reversals will happen.
Notes de version:
*** Minor bug fix ***
Notes de version:
Now you can set the weightage as per your requirements from setting panel