NIFTY 50 Indicator

🔹 Nifty 10 VWAP Status Table - Multi TF 🔹

🚀 This powerful indicator helps traders analyze the Nifty 50 Index direction by tracking the VWAP status of the top 10 weighted stocks in the index.

✅ Features:
✔️ Tracks the top 10 weighted Nifty 50 stocks.
✔️ Displays whether each stock is trading above or below VWAP.
✔️ Shows the weight (%) contribution of each stock in Nifty 50.
✔️ Provides a summary of the number of stocks above/below VWAP.
✔️ Displays the cumulative weight percentage of stocks above and below VWAP.

📊 How to Use?

If more heavyweight stocks are above VWAP, Nifty 50 is likely to have a bullish sentiment. 📈
If more heavyweight stocks are below VWAP, expect bearish pressure. 📉
The weight summary gives a broader market perspective beyond just the count.
💡 This indicator is useful for intraday traders, scalpers, and positional traders looking to gauge the market sentiment quickly. Stay ahead of the game and make data-driven trading decisions! 🚀

🔔 Available on TradingView! Try it out and gain an edge in your trading strategy.