Banknifty Volume - IN

• This simple indicator computes the average Relative Strength Index of each Banknifty stock and displays the volume on the chart with color schemes while the average line indicates the average RSI of all Bank Stocks. This indicator works on Banknifty and its stocks.
  
• It works on all time frames
  How You can use this?
  You can use this indicator for Volume analysis if the average RSI line is above the 0 line, the stock is moving upside and vice versa for Downside .
  

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• Minor changes : RSI Period added in setting and more confirmation using EMA
  

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Set Timeframe as per your need

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Improvement

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The Trend Reversal Cloud with Customized timeframe option was added to help forecast when reversals will happen.

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*** Minor bug fix ***

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Now you can set the weightage as per your requirements from setting panel