This indicator is make for educational purpose.
This Indicator actually try to identify a price action. It uses 30 W moving average for Trend analysis.
The moment it crosses above the 30 W moving average,
up trend starts. But the start should be Good. The moment it crosses 30 W moving average ,
that particular candle should have high volume than average and
the RSI should be also above or equal to 50.
The preferred Time frame is to be used is Weekly.
1-> When price crosses above 30 weeks moving average,
2-> the volume should be Three times the 50 volume average.
3-> The RSI (14) should be above 50.
In this indicator neither plots moving average nor volume average nor RSI . It only plots a single Green arrow below the that
satisfy all 3 conditions.
That green arrow indicates BUY signal.
No exit criteria is defined here.
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Want to use this script on a chart?


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