[Advanced] Hilega-Milega Indicator — Strategy by HamidBox

trendanalysis movingaverage oscillator hilega_milega hilegamilega hilega strategy

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,

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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