OPEN-SOURCE SCRIPT
nifty vwap 3
Monitors the "Big Players"
It tracks the 10 most important stocks (like HDFC Bank, Reliance, and ICICI Bank) because these stocks carry the most "weight" and usually decide where the Nifty index goes.
2. The VWAP Test (The Filter)
For each stock, the code checks:
Is the current price Above its average price (VWAP)?
Or is it Below its average price?
Why? If a stock is above VWAP, it is considered Strong (buyers are in control). If it is below, it is Weak (sellers are in control).
3. Calculates "Power" (Weightage)
Instead of just counting stocks, it calculates their combined percentage in the Nifty.
Example: If only 3 stocks are "Above VWAP" but they are the biggest ones (like HDFC and Reliance), the "Total Weight" might still be very high (e.g., 30%), suggesting the market has underlying strength despite fewer stocks being green.
4. Visual Table
It puts all this info into a neat Table on the top-right of your chart.
Teal Section: Shows stocks that are Strong/Bullish.
Red Section: Shows stocks that are Weak/Bearish.
Summary: It tells you exactly how many stocks are on each side and their total percentage impact.
It tracks the 10 most important stocks (like HDFC Bank, Reliance, and ICICI Bank) because these stocks carry the most "weight" and usually decide where the Nifty index goes.
2. The VWAP Test (The Filter)
For each stock, the code checks:
Is the current price Above its average price (VWAP)?
Or is it Below its average price?
Why? If a stock is above VWAP, it is considered Strong (buyers are in control). If it is below, it is Weak (sellers are in control).
3. Calculates "Power" (Weightage)
Instead of just counting stocks, it calculates their combined percentage in the Nifty.
Example: If only 3 stocks are "Above VWAP" but they are the biggest ones (like HDFC and Reliance), the "Total Weight" might still be very high (e.g., 30%), suggesting the market has underlying strength despite fewer stocks being green.
4. Visual Table
It puts all this info into a neat Table on the top-right of your chart.
Teal Section: Shows stocks that are Strong/Bullish.
Red Section: Shows stocks that are Weak/Bearish.
Summary: It tells you exactly how many stocks are on each side and their total percentage impact.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。