OPEN-SOURCE SCRIPT

Bank Nifty Volume

Updated
Why this Script : Nifty 50 does not provide volume and some time it is really useful to understand the volume .

This is the pine script which calculate the nifty 50 volume .

Logic :

Take each stock contribute to nifty 50 and find it's volume .
Multiply the same with contribution percentage of the same on Nifty 50
Add up all of them and find the total volume .

I took the open source code from daytraderph script called, Custom Volume

I will make sure I will update the contribution percentage of all stocks my self instead o you update using input methods. This is the difference. Some people don't know where to look at this to update the value, so for them this script might be useful. And this is the only difference comparing to Custom Volume script.
Release Notes
Simplify the script, remove some code from the original script which does not match with this script as of now.
Release Notes
Updating chart
Release Notes
Updated new Weightage values.
Release Notes
Chart updated, remove other indictor from chart
Release Notes
Stock weightage updated
BANKNIFTYbnfcustomcustomvolumeindexVolume IndicatorVolume

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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