Hilega Milega(by NK sir) - @AM

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.

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Updated overlay

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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'

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Updated Overlay

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Update

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Removed RSI overbought and oversold levels value inputs.

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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".

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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.

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

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Updated the indicator description

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Script version updated to 5

受保护脚本

此脚本以闭源形式发布。但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。

anuragmundra

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。

受保护脚本

此脚本以闭源形式发布。但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。

anuragmundra

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。