Breadth Indicators Summary : Script calculates Advance and Declain value based on weightage of each Bank share in BankNifty Index Bank NIfty is not an asset and it does not have value. It is composition based on multiple bank stocks with different weightage. This tool display the indicator based on "Number of Stocks Moving on UP TICK" and "Number of Stocks Moving on DOWN TICK"
Currently this calculation is based on 12 stocks based on their weightage. Axis Bank , Bank of Baroda Federal Bank, HDFC Bank ICICI Bank, IDFC Bank Ltd. IndusInd Bank, Kotak Mahindra Bank Punjab National Bank , RBL Bank State Bank of India (SBI), Yes Bank
Great Indicator..
I was searching for indicator like the ADD for NYSE, this is as close as I could get.
If possible do make an indicator for banknifty, nifty 500 or nifty 50 like the ADD for NYSE.
Thank you
I was searching for indicator like the ADD for NYSE, this is as close as I could get.
If possible do make an indicator for banknifty, nifty 500 or nifty 50 like the ADD for NYSE.
Thank you