HB5

Hilega_Milega_Strategy

This study shows the price action strength using RSI & Moving Averages.

In this study different line indicates below measures---

BlackLine - Strength
Red Line - Volume
GreenLine - Price

1. Volume line is below price and strength then the price may go up.
2. Volume line is above price and strength then the price may go down.
3. Volume line below strength line price may stop going down.
4. Price line above strength then price may go down.

There is a total of 2 zones that indicate the price strength in the red zone price is showing strength ness and in the blue zone, the price is showing weakness.

This study helps to identify if the price is having strength or not if going up or down based on volume .\

Strategy give signal based on above-mentioned line as follows.

Buy - Strength line above volume & price line + Price line crossover Volume line.
Sell - Strength line below volume & price line + Price line crossunder Volume line.
Release Notes: Minor Improvements
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Comments

Thanks a lot, HB5! One question - have you used the WMA or the VWMA? I think we should be using the vwma as it takes the volume into consideration. WMA does not. Please clarify....thanks again!
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HB5 mihirkaji
@mihirkaji, I know we should use vwma but here nitish ji used wma so i used wma in indicator. you can ask him about this if you have word with him and let me know
Reply
Great job!

It will be interesting to see whether returns improve if longs are taken only when the buy setup matches below RSI 50 zone. Similarly, take shorts only when setup matches above RSI 50 zone.

Don't have the source to test it myself :)
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Bro buy sell add krke kamaal kr diya :)
Reply
HB5 rast311
@rast311, Thank you but I suggest don't depend on this It will show you accurate result on the live market, not on backtesting. So don't fully depend on this
Reply
@HB5, yes broo I watch videos of nk sir :) I'm practising right now
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awesome awesome !!!
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