anuragmundra

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.
Release Notes: Updated overlay
Release Notes: 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'
Release Notes: Updated Overlay
Release Notes: Update
Release Notes: Removed RSI overbought and oversold levels value inputs.
Release Notes: 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".
Release Notes: The script/indicator name has been updated. It will show "HM(by NK sir) & Squeeze momentum by LB " on adding to the chart.
Release Notes: Removed the Squeeze momentum indicator as it wasn't giving accurate results
Release Notes: Updated the indicator description
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