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
Release Notes: Pine v5

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?