Nifty Relative PerformanceDISCRIPTION:-
This indicator is used to determine relative performance of a stock based on different time intervals as well as compared to benchmark indices as Nifty 50,Nift IT, Nifty auto etc.
USE CASE SCENARIO:-
The top right table provide performance of stock based on different interval
while the bottom table depicts its relative performance compared to an index
eg:-
INFY compared to Nifty 50
&
INFY compared to Nifty IT
DISCLAIMER:-
if using an android device kindly toggle full-screen mode and view it horizontally
In desktop full screen mode may provide better comprehensive view
BANKNIFTY
BankNifty - VWAP + StdDev Bands- By Default the script draws Daily VWAP for Bank Nifty based on Futures Volume or underlying Index Stocks based on user input
- Optionally one may Anchor it to Week/Month etc or anchor it from a particular Time.
- It also draws 3 Standard Deviation Bands from the VWAP based on User Input.
- Optionally draws Previous VWAP Close for and Bullish or Bearish Move.
- It works with NIFTY 50 as well but only using Futures Volume(Pine limitation to number of security calls) . Please change the Symbol and Futures Volume symbol to "NSE:NIFTY" and "NSE:NIFTY1!" NSE:BANKNIFTY NSE:NIFTY
Bank Nifty DashboardThis shows a performance glance of Dow, India Vix and Major Constituents of Bank Nifty. Which will help to take quick decision.
Style settings
Normalized Change Mode: Allows the user to access a different interpretation of the indicator by showing the normalized first differences of each indicator in the dashboard instead of their sign
Dashboard Location: Location of the dashboard on the chart
Dashboard Size: Size of the dashboard on the chart
Text/Frame Color: Determines the color of the frame grid as well as the text color
Bullish Cell Color: Determines the color of cell associated with a rising indicator direction
Bearish Cell Color: Determines the color of cell associated with a decreasing indicator direction
Cell Transparency: Transparency of each cell
Usage
This will help to monitor the banks Performance on various time frames . You can change the stock list according to your usage/Index.
All showing in green indication strong momentum.
Trade Vertex - Bank Nifty Volume IndicatorNSE: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.
Wide BarsSimple scripts show the wide range bars within in the look back period, visualizing the bigger momentum.
Added four exponential moving averages which define the trend of the instrument.
Wide range candles in the direction of overall trend on higher timeframes; give confluence of higher participation in the same direction.
Note : Decent volume above the average volume with wide range candle adds more value.
BankNifty Volume Indicator
KEY TAKEAWAYS
- Uses BankNifty Index Stocks Volume.
- BankNifty Volume Indicator is created by adding all BankNifty Stocks Volume together.
- BankNifty Volume will be an important indicator in BankNifty Index technical analysis because it is used to measure the relative significance of a market move.
- The higher the volume during a Banknifty index price move, the more significant the move and the lower the volume during a Banknifty index price move, the less significant the move.
- Moving Average is also added.
NSE:BANKNIFTY
Donchian Channel StrategyRide the trend with full potential. Filter out false signals using long period ema. Lower bands take care of the stop loss.
Use this strategy for banknifty futures for consistent quarterly returns.
Cvwap-Pvwap 2.0A simple vwap based Intraday trend indicator.
Volume-Weighted Average Price (VWAP) - the average price weighted by volume, starts when trading opens and ends when it closes. This can help institutions buy or sell in large orders, without disturbing the market.
After buying or selling, institutions compare instrument price to closing VWAP values at end of the day.
For big financial institutions;
A buy order executed below the VWAP value, considered a good fill because the security was bought at a below average price.
A sell order executed above the VWAP would be deemed a good fill because it was sold at an above average price.
Simple price based moving average is not helpful for them; = as it doesn't incorporates volume traded. Hence - VWAP :)
So how it helps us in decoding the IntraDay-trend? - Through a 2 day vwap co-relation.
So, Closing value of previous day vwap = Pvwap
Today's running vwap = Cvwap
Defining the IntraDay Trend:
Moderately Bullish = candle closing price above Pvwap but below Cvwap
Super Bullish = Closing price is above both (Cvwap and Pvwap)
Moderately Bearish = Closing price is above Cvwap but below Pvwap
Super Bearish = Closing Price is below both (Cvwap and Pvwap)
A big gap between the Cvwap and the candle closing price defines the strong participation from institutions in that direction. (Strong Trend)
Moving with the smart money, in the overall trend is a wise decision for any intraday trader and this helps at its best.
MAST TrendHello Traders !!
This is a simple super trend based MAST trend.
By default the supertrend is 10 period with 3 ATR multiplier.
A moving average is used to benefit from the pullback entries.
Bullish Pullback : Price above Supertrend & below MA
Bullish: Price above Supertrend and above MA
Bearish pullback : Price below Supertrend & above MA
Bearish : Price below Supertrend & below MA
Refer to investopedia or any relevant articles for in detail about Supertrend.
Bank Nifty VolumeWhy this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume .
This is the pine script which calculate the nifty 50 volume .
Logic :
Take each stock contribute to nifty 50 and find it's volume .
Multiply the same with contribution percentage of the same on Nifty 50
Add up all of them and find the total volume .
I took the open source code from @daytraderph script called, Custom Volume
I will make sure I will update the contribution percentage of all stocks my self instead o you update using input methods. This is the difference. Some people don't know where to look at this to update the value, so for them this script might be useful. And this is the only difference comparing to Custom Volume script.
BankNifty Modified McClellan OscillatorThe McClellan Oscillator developed by Marian McClellan is a useful breadth indicator because it describes the acceleration that takes place in the breadth numbers.
How to read McClellan Oscillator
A positive or negative value gives a simplistic bullish or bearish statement about the short-term trend of the market
Very low readings show oversold conditions
Very high readings show overbought conditions
Divergences are also important to look for as a sign that the strength of a trend is waning
Here same oscillator is rebuilded for BANKNIFTY using the difference between Capital weighted Up Volume and Down Volume instead of Advance - Decline.
NIFTY / BANKNIFTY ETF SIP NOTIFIERNIFTY / BANKNIFTY - ETF SIP NOTIFIER
STUDY concept -
- As a market investor, one cannot time the market.
- Specailly, working professionals and job holders don't have time for market tracking.
- The idea of the script is - When Nifty closes below 2% previous day high, market has corrected and it's available at a discount w.r.t. previous day
- One can then invest in NIFTY / BANKNIFTY via ETF option on same or next day.
- If you like this idea, Save this script and add alert condition of this script in NIFTY / BANKNIFTY chart.
- One can get notification on TradingView mobile app or via email when the criteria is met.
- Logic can be applied to investing in INDEXES , NIFTY, BANKNIFTY.
Logic may be improved later.
NOTE - Investing is a serious and risky business. Profit / Loss from this investing idea is sole responsibility of the investor. This script is for education and learning purpose.
BNF VWAP & MAThe script picks up Bank nifty stocks with their current respective weights and plots a Volume Weighted Average Price ( VWAP ) line along with 2 EMAs of your choice and an alert when the EMAs cross over and also when price crosses VWAP .
You can customize the script for MA type and lengths and to remove alert. Basic utility of the script is to analyse volumes driving the Bank Nifty index.
Credits to @daytraderph and his script (Custom Volume ) who's code I used to build this script. Also thanks to my friend @Varun who helped me code it.
Custom VolumeIdea : Idea of script is getting the volume of index BNF and NIFTY50 ( as Tradingview don't provide the volume information of the indexes )
How it works : Script works on getting the weighted volume of underlying stocks and the plotting them by weight in volume
Benefits:
1. Can server as example how, once can plot the mixed volume of symbols
2. Will help the traders who consider volume also as decision making factor while trading BNF from tradingview chart
3. Can give volume information on any TF **in my knowledge only available for premium users
Important factor to note: Weight of stocks may change time to time depending on Exchange decision.
RVC-Weekly-Pivots-GANN-LevelsPurpose:
Weekly - Fibonacci pivot levels and Gann levels calculation and marking on Chart automatically.
Mainly expected to use for trading on NIFTY and BankNifty
Kindly share your comments and suggestions to improve
Price Action + Bollinger Strategy Simple Price Action + Bollinger Band Strategy
Buy Setup --------
- Price closes below Bollinger Band
- Last candle closes in green, confirming bulls have returned
- Buy trade is taken
Short Setup --------
- Price closes above Bollinger Band
- Last candle closes in red , confirming bears have returned
- Short trade is taken
Strategy open for suggestions and updation