1) BANKNIFTY Index Advance-Decline count 2) Each session, it reads the number of stock are +Ve or -Ve 3) Whichever the side +Ve or -Ve side moving stock is more than count will be plotted 4) at +/- 7 drawn a dotted line if Count is > = +/-7 Nifty is moving in a strong army
Eg:-
in the current session, 7 Stock is moving in +Ve direction & 6 are in -Ve direction 7 count will be plotted in the chart
can you create one similar script for volume, in your free time pls?
basically, it the underlying security's total volume and price both are going up then consider it as buy volume and display it in style_area with green color and if the price going down with an increase in volume then display it in columns style with red color
then add all the positive vol and negative volume and display it in a separate plot function
for reference check this image : https: // prnt. sc/ ujofwt (remove space )
SharemarketRaja
⋅
northguleria
⋅
Hello,
thank you so much for this breadth indicator ..i was searching for something similar for Indian markets......but i was wondering if we can use something similar for NIFTY500 to check the advancing / declining stocks and then plot them as a candlestick chart ..i tried finding it ...but all i am getting are SPX and Nasdaq focussed indicators , spoke to somebody who said , the ticker info. from NSE is not available hence that kind of SPX indicator cant be transported to Nifty ....Do you have any insights ? I am just looking for a candle-stick chart which can plot the NIFTY500 or NIFTY50 Advancing/declining stocks on daily time frame / weekly / monthly ..
thank you ....any help will be much appreciated !
can you create one similar script for volume, in your free time pls?
basically, it the underlying security's total volume and price both are going up then consider it as buy volume and display it in style_area with green color and if the price going down with an increase in volume then display it in columns style with red color
then add all the positive vol and negative volume and display it in a separate plot function
for reference check this image : https: // prnt. sc/ ujofwt (remove space )