OPEN-SOURCE SCRIPT
NSE Bank Nifty - Constituent Strength
NSE Bank Nifty - Constituent Strength
What is does:
Identifies how stocks under bank nifty index are performing if compared with bank nifty index.
Calculations:
A = Individual stock price
B = Bank nifty index price
C = A / B
D = average of A / B over length specified using input configuration
Stock is out-performing Bank nifty if A >= C
Stock is under-performing Bank nifty if A < C
Input Parameters:
Data source - For calculation of strength
Timeframe - For calculation of strength
Moving average type - SMA or EMA
Moving average length - Length for calculation of moving average
Show line chart for - One of the symbol from index constituents for showing line chart in the indicator window
S1 to S12 - Bank nifty stocks. Populated by default
Output:
Table listing each of the Bank nifty stocks
Stocks displayed in Green color are out-performing Bank nifty
Stocks displayed in Red color are under-performing Bank nifty
Line chart Price line - Blue colored line representing Stock price / Bank nifty price [point C from Calculations sections above]
Line chart Average line - Combination of Red, Green and Blue colors line representing average of Stock price / average of Bank nifty price [point D from Calculations sections above]
What is does:
Identifies how stocks under bank nifty index are performing if compared with bank nifty index.
Calculations:
A = Individual stock price
B = Bank nifty index price
C = A / B
D = average of A / B over length specified using input configuration
Stock is out-performing Bank nifty if A >= C
Stock is under-performing Bank nifty if A < C
Input Parameters:
Data source - For calculation of strength
Timeframe - For calculation of strength
Moving average type - SMA or EMA
Moving average length - Length for calculation of moving average
Show line chart for - One of the symbol from index constituents for showing line chart in the indicator window
S1 to S12 - Bank nifty stocks. Populated by default
Output:
Table listing each of the Bank nifty stocks
Stocks displayed in Green color are out-performing Bank nifty
Stocks displayed in Red color are under-performing Bank nifty
Line chart Price line - Blue colored line representing Stock price / Bank nifty price [point C from Calculations sections above]
Line chart Average line - Combination of Red, Green and Blue colors line representing average of Stock price / average of Bank nifty price [point D from Calculations sections above]
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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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。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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。