OPEN-SOURCE SCRIPT
[Advanced] Hilega-Milega Indicator
This Indicator Name is Hilega Milega, and the original Idea given by Nitish Kumar, I just coded it and add some signals for backtesting.
it works on RSI + WMA and EMA plotted.
Default Values Used :
RSI = 9
WMA = 21
EMA = 3
But i added some extra, now everyone can change the Type of WMA and EMA, also SMA for trend confirmation,
How it works ??
Buy : When RSI crossover WMA or any Type of Moving Average you choose,
Sell : When RSI crossunder WMA or any Type of Moving Average you choose,
also:
Buy : When EMA crossover WMA or any Type of Moving Average you choose,
Sell : When EMA crossunder WMA or any Type of Moving Average you choose,
also:
Buy : When RSI + EMA crossover WMA or any Type of Moving Average you choose at the Same time,
Sell : When RSI + EMA crossunder WMA or any Type of Moving Average you choose at the Same time,
and Much More...! hope so you like it,
it works on RSI + WMA and EMA plotted.
Default Values Used :
RSI = 9
WMA = 21
EMA = 3
But i added some extra, now everyone can change the Type of WMA and EMA, also SMA for trend confirmation,
How it works ??
Buy : When RSI crossover WMA or any Type of Moving Average you choose,
Sell : When RSI crossunder WMA or any Type of Moving Average you choose,
also:
Buy : When EMA crossover WMA or any Type of Moving Average you choose,
Sell : When EMA crossunder WMA or any Type of Moving Average you choose,
also:
Buy : When RSI + EMA crossover WMA or any Type of Moving Average you choose at the Same time,
Sell : When RSI + EMA crossunder WMA or any Type of Moving Average you choose at the Same time,
and Much More...! hope so you like it,
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.