RichRoad Turnover Display

Rich Road Turnover Display

The Rich Road Turnover Display helps you quickly gauge the average turnover of a stock in monetary terms over a chosen lookback period. You can set the number of days as input, and the indicator will display the average turnover during that period. This can be a useful way to get a sense of liquidity and volatility.

How to interpret the data (with a lookback period of 20 days):

1. If the average turnover is less than 10 crores, the script is fairly illiquid.
   
   
2. If the average turnover is between 15 to 25 crores, the script is decently liquid.
   
   
3. If the average turnover is above 25 crores, it is considered fairly liquid for most account sizes.
   

Important Notes:

1. Please do not use a lookback period of less than 20 days. The data for shorter periods may contain discrepancies and will not provide meaningful results.
   
   
2. Currently, this version supports only INR. Please do not use it for non-Indian markets. Future updates will include support for other currencies such as EUR and USD.