OPEN-SOURCE SCRIPT
已更新 BankNifty
custom index only for BankNifty - stock exchange NSE
indicator would help in detecting early movement of index.
Primarily suited for scalping
indicator would help in detecting early movement of index.
Primarily suited for scalping
版本注释
Modified version of earlier published Bank Nifty Indicator.Explanation
Idea of making this indicator to capture Bank Nifty Major component and track their movement compared to Bank Nifty.
This indicator should only be used for bank nifty Index or seeing security mentioned below in relation to index.
It includes (ICICI Bank, HDFC Bank, Kotak Bank, Axis Bank, SBI) which together holds 87.56% (as on date) of Bank Nifty weight.
We capitalised their weight in same proportion as if index is made of only 5 script mentioned above,
then Plugged this in RSI formula.
Expectedly this indicator would closely resemble RSI plotted on this particular index, but would help you better entry and exit compared to normal RSI
Another Smooth Moving average is plotted for better decision making.
Take trade when leader show sing of strength / weakness
Happy to have your feedback.
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。