BankNifty_Component_Stats_StockCloud
This is a summary table for the component top 6 Banks of Banknifty based on the current NSE defined weightage. Explanation of each Column as below:
Price : The current 5 Min close price of the Component mentioned in the rows
Change : The change in terms of number of point wrt to the previous day closing price
Change %: The change in terms of % wrt to previous day closing price
Per Point Chg : How many points Banknifty has moved with 1 point change of the respective component. If HDFC per point chg is shown as 7, it means 1 point move in HDFC has contributed to 7 points move in BankNifty.
Participation: Refers to the total points contributed by the major component. If ICICI participation is shown as 300, it means of the total Banknifty move , a positive 300 points has been contributed by ICICI. if HDFC shows -150. it means HDFC has dragged down Banknifty by 150 points.
TDP : There is a user definable Length "length" in the Input section under settings. If you have given 1 there, this number signifies the number of points contributed by the component bank in the last 5 min. If SBI TDP is shown as 8, it means in the last 5 mins, SBI has added 8 points to Banknifty. If input length is given as 2 , then it means the contribution of that component bank in last 10 mins ( 5*2). TDP= Time Defined Points
Nan : Not applicable
This summary table can be used to know who is actually moving the Banknifty. The current weightage is as follows:
HDFC
ICICI
KOTAK
AXIS
SBI
INDUS
Weightages will be changed as and when NSE changes it.Based on calculated fields above, one can understand how strong the moves are.If the major Banks are contributing more, it means the moves will be stable. If the lower end banks are contributing and top bank are not moving, then the current moves in Banknifty is not strong. It is also recommended to use this stats along with Component Banks charts.
Thanks to Ghanshyam Tech for inspiring to write this script!
Price : The current 5 Min close price of the Component mentioned in the rows
Change : The change in terms of number of point wrt to the previous day closing price
Change %: The change in terms of % wrt to previous day closing price
Per Point Chg : How many points Banknifty has moved with 1 point change of the respective component. If HDFC per point chg is shown as 7, it means 1 point move in HDFC has contributed to 7 points move in BankNifty.
Participation: Refers to the total points contributed by the major component. If ICICI participation is shown as 300, it means of the total Banknifty move , a positive 300 points has been contributed by ICICI. if HDFC shows -150. it means HDFC has dragged down Banknifty by 150 points.
TDP : There is a user definable Length "length" in the Input section under settings. If you have given 1 there, this number signifies the number of points contributed by the component bank in the last 5 min. If SBI TDP is shown as 8, it means in the last 5 mins, SBI has added 8 points to Banknifty. If input length is given as 2 , then it means the contribution of that component bank in last 10 mins ( 5*2). TDP= Time Defined Points
Nan : Not applicable
This summary table can be used to know who is actually moving the Banknifty. The current weightage is as follows:
HDFC
ICICI
KOTAK
AXIS
SBI
INDUS
Weightages will be changed as and when NSE changes it.Based on calculated fields above, one can understand how strong the moves are.If the major Banks are contributing more, it means the moves will be stable. If the lower end banks are contributing and top bank are not moving, then the current moves in Banknifty is not strong. It is also recommended to use this stats along with Component Banks charts.
Thanks to Ghanshyam Tech for inspiring to write this script!
版本注释:
TDP has been renamed to 5 Min Contribution, If the length in setting is changed to 2 then it would be 10 min contribution ie 2*5 min contribution so on and so forth.