NIFTY and BANKNIFTY Being Index do not have VWAP (because there is no volume generated). This is a simple script that displays NIFTY's future VWAP on NIFTY's Spot chart and similarly, displays BANKNIFTY's future VWAP on BANKNIFTY's sport chart. Fast and quick. Just few lines of code. No hefty un-necessary calculations.
No settings necessary. The script...
Hello Traders,
If you trade Forex and Indices this indicator will help you identify Buying and Selling levels that Banks are interested in. These levels are displayed on all time frames. Colors of the lines can be customized.
I also added code to show two EMA's, just uncomment the code to show them. :-)
How to use this indicator.
Show Bank Zones - this...
Bank levels - highs and lows - of the previous day, week, and month only, colored in for visual effect. Includes history of past bank levels as opposed to my other bank levels script.
If you trade Forex this is the indicator you need above all. Most recent six highs and lows on the daily, weekly, and monthly (includes current day). Support and resistance isn't quite what it is...until when that's exactly how it often plays out on the lines. They are called bank levels for a reason. *Not every line will support or resist of course*
![BANKNIFTY: VWAP For NIFTY & BANKNIFTY [Zero54]](https://s3.tradingview.com/k/kHpEnD57_mid.png "VWAP For NIFTY & BANKNIFTY [Zero54]")
