This indicator combines all the volumes from both the NSE & BSE exchanges as well as Future volumes ( Current Month & Next Month) if the symbol is available in FnO
Indicator shows 3 volumes
Total Volume = NSE + BSE + Current Month + Next Month
Stock Volume = NSE + BSE
Future volume = Current Month + Next Month
Benefits
As shown in the chart above, price shot up as the volume appeared in BSE but not NSE. These conditions can be caught easily and right decisions can be made
Since Future volumes are also combined, it gives an accurate picture of volumes on any given instrument during last of week of monthly expiries when contract rollovers happen
Good script. However, please explain this. In the chart the volume that is highlighted - is it 5 minute volume? So the upper volume bars are from NSE and the bottom are (NSE+bse+Fno) right?
ILuvMarkets
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@PriceCatch, That is correct. The bottom one combines all volumes. The top one is the standard indicator that pulls from one exchange
AfnanTAjuddin
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Superb
Muraliy38
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valuable script for intraday trading. please can you share the script code, i would like to add relative volume figures and customize plotting style based on relative volume?