Turnover & Liquidity Dashboard With Nifty 50 RS Jitendra

summary of the indicator and its core logic

Turnover & Liquidity Dashboard With Nifty 50 RS Jitendra

📊 Purpose
This Pine Script dashboard provides a quick, tabular view of key liquidity and valuation metrics for any stock, highlighting how turnover and market cap metrics behave relative to their averages and comparing the stock’s performance with NIFTY50.

Setting Image


https://drive.google.com/file/d/1VmP8Vx2out89louB-zhJVAQ9NYZsNoaY/view?usp=drive_link

⚙️ Core Components & Logic
1. 🧮 Market Cap Calculation
Formula:

marketCap = (Total Shares Outstanding × Close Price) / 1 Crore

2. 🔁 Turnover Calculation

turnover = Volume × Close / 1 Crore

It also computes:

Average Turnover over a user-defined SMA length (e.g., 20 days)

Turnover % Change from previous day

HTQ (Highest Turnover in Quarter)

TOMCAP = Turnover as % of Market Cap

1-Min Liquidity (optional): total traded value at 1-min resolution

3. 🟩 Conditional Color Coding
Turnover > Avg Turnover → Green background

Turnover % Change > 0 → Green background

Else → Red background
Used to quickly identify strength/weakness in liquidity.

4. 🧾 Table Display
Data shown in either vertical or horizontal layout

Table fields include:

Market Cap
Turnover
Avg Turnover
Turnover % Change
TOMCAP (Turnover Vs MarketCap)
1-Min Liquidity (if enabled)

5. 📈 Performance vs NIFTY50
Compares current stock’s return over a lookback period with NIFTY50’s return:

stockReturn = (close - close[lookback]) / close[lookback]
niftyReturn = (niftyClose - niftyClose[lookback]) / niftyClose[lookback]
perfVsNifty = stockReturn - niftyReturn

Shows "Outperform" if perfVsNifty > 0
"Underperform" if < 0, with appropriate background color.

Lookback Bar No : Denotes
Stock Vs Nifty Performance

1= 1 Day Stock Vs Nifty Performance
5 = 5 Day Stock Vs Nifty Performance
20= 1 Months Stock Vs Nifty Performance



✅ Use Cases
Evaluate liquidity trends quickly.

Identify stocks with unusual volume or turnover spikes.

Compare a stock’s momentum to NIFTY50 to spot relative strength/weakness.

Ideal for institutional-style screening dashboards or sector overviews.