PROTECTED SOURCE SCRIPT
1-Year Median ₹ Turnover (Cr)

# 1-Year Median ₹ Turnover (Cr) - Pine Script Description
## Overview
This Pine Script indicator calculates and displays the median turnover value in Indian Rupees (₹) over a customizable lookback period, expressed in crores for better readability. The indicator helps traders analyze the typical trading activity levels by showing the middle value of turnover distribution rather than simple averages, providing a more robust measure that's less affected by extreme values.
## Key Features
- **Median Calculation**: Uses median instead of mean to provide a more stable representation of typical turnover levels
- **Customizable Lookback Period**: Default 252 bars (approximately 1 trading year) with minimum 20 bars
- **Indian Rupee Format**: Displays values in crores (₹ Cr) for easier interpretation in Indian markets
- **Visual Label**: Optional on-chart label showing current median value
- **Clean Visualization**: Plots in a separate pane with clear formatting
## How It Works
1. **Turnover Calculation**: Multiplies volume by closing price to get turnover in rupees
2. **Data Collection**: Gathers turnover data for the specified lookback period
3. **Median Computation**: Sorts the data array and calculates the true median value
4. **Format Conversion**: Converts the result to crores (÷ 10^7) for readability
5. **Display**: Plots the median turnover as a teal line with optional labeling
## Input Parameters
- **Lookback Period**: Number of bars to include in median calculation (default: 252)
- **Show Label**: Toggle to display/hide the current value label on chart
## Technical Notes
- Uses Pine Script v5 for optimal performance
- Displays in separate pane (overlay=false) for clear visualization
- Handles edge cases for even/odd array lengths in median calculation
- Efficient array operations for real-time calculation
*This indicator is designed specifically for Indian equity markets where turnover analysis in rupees provides meaningful insights for traders and analysts.*
## Overview
This Pine Script indicator calculates and displays the median turnover value in Indian Rupees (₹) over a customizable lookback period, expressed in crores for better readability. The indicator helps traders analyze the typical trading activity levels by showing the middle value of turnover distribution rather than simple averages, providing a more robust measure that's less affected by extreme values.
## Key Features
- **Median Calculation**: Uses median instead of mean to provide a more stable representation of typical turnover levels
- **Customizable Lookback Period**: Default 252 bars (approximately 1 trading year) with minimum 20 bars
- **Indian Rupee Format**: Displays values in crores (₹ Cr) for easier interpretation in Indian markets
- **Visual Label**: Optional on-chart label showing current median value
- **Clean Visualization**: Plots in a separate pane with clear formatting
## How It Works
1. **Turnover Calculation**: Multiplies volume by closing price to get turnover in rupees
2. **Data Collection**: Gathers turnover data for the specified lookback period
3. **Median Computation**: Sorts the data array and calculates the true median value
4. **Format Conversion**: Converts the result to crores (÷ 10^7) for readability
5. **Display**: Plots the median turnover as a teal line with optional labeling
## Input Parameters
- **Lookback Period**: Number of bars to include in median calculation (default: 252)
- **Show Label**: Toggle to display/hide the current value label on chart
## Technical Notes
- Uses Pine Script v5 for optimal performance
- Displays in separate pane (overlay=false) for clear visualization
- Handles edge cases for even/odd array lengths in median calculation
- Efficient array operations for real-time calculation
*This indicator is designed specifically for Indian equity markets where turnover analysis in rupees provides meaningful insights for traders and analysts.*
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用它,没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
受保护脚本
此脚本以闭源形式发布。 但是,您可以自由使用它,没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。