Hilega Milega(by NK sir) - @AM

2021년 2월 21일

Price Volume Strength(PVS) Indicator script has been developed based on Nitish Kumar Sir's concepts. This script uses RSI(9) along with 3 EMA and 21 WMA . 3 EMA and 21 WMA graphs have been plotted on RSI (9). RSI value above 50 will be considered as 'BUY' zone and RSI value below 50 will be considered as 'SELL' zone.

When 21 WMA ( Volume Strength) and 3 EMA (Price Strength) crosses RSI from above (that means both of these will go below RSI), it is a Buy signal.
When 21 WMA ( Volume Strength) and 3 EMA (Price Strength) crosses RSI from below (that means both of these will go above RSI), it is a Sell signal.

2021년 2월 21일

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Updated overlay

2021년 2월 21일

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Updated script name.

If script is getting added to main chart panel, right click on the screen->choose option 'Move To'->choose option 'New Panel Below'

2021년 2월 21일

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Updated Overlay

2021년 2월 21일

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Update

2021년 2월 21일

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Removed RSI overbought and oversold levels value inputs.

2021년 5월 17일

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I have added the Squeeze Momentum Indicator developed by LazyBear along with Hilega Milega.
This will help in identifying the Bollinger band Blast.

Red crosses on the midline show that the market just entered a squeeze ( Bollinger Bands are within Keltner Channel). This signifies low volatility, the market preparing itself for an explosive move (up or down). Green crosses signify "Squeeze release".

2021년 5월 17일

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The script/indicator name has been updated. It will show "HM(by NK sir) & Squeeze momentum by LB [anuragM]" on adding to the chart.

2021년 6월 1일

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Removed the Squeeze momentum indicator as it wasn't giving accurate results

2021년 6월 1일

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Updated the indicator description

2024년 12월 11일

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Script version updated to 5