Hilega-Milega-RSI-EMA-WMA indicator designed by NK

4天前

This indicator is works on RSI, Price and volume to give leading Indicator to Buy or Sell.
This indicator works on all financial markets


Hilega-Milega-RSI-EMA-WMA indicator designed by Nitish Sir

For intraday trade, enter with 15 mins chart.
For positional trade, enter with 1-hour chart.
For Investment this system can be used with daily/weekly/monthly chart.
• RED line is for Volume.
• Green line is for the Price.
• Black line is for the RSI (9).

SELL Trade
1. When Volume (RED line) is above/crossed above Price (Green line) and Strength (Black line), then stock price will go down. This means we will SELL.
2. When there is a GAP in the RED line and the Green line till the time price will go down.
Exit criteria
 Whenever Red line exit the shaded area of Oversold zone OR Red line cross over the Green and black line then we will exit.
 In case of the SELL trade, after the entry we will monitor the trade in 5 min chart, if the candle is closed above the VWAP then exit.
 If the price is crossed the 50 SMA then we will exit trade.
BUY Trade
1. When Volume (RED line) is below/crossed below Price (Green line) and Strength (Black line), then stock price will go up. This means we will BUY.
2. When there is a GAP in the RED line and the Green line till the time price will go down.
Exit criteria
 Whenever Red line exit the shaded area of Overbought zone OR Red line cross over the Green and black line then we will exit.
 In case of the Buy trade, after the entry we will monitor the trade candle is closed below the VWAP then exit.
 If the price is crossed the 50 SMA then we will exit trade.