Hilega-Milega-RSI-EMA-WMA indicator designed by NK

há 4 dias

This indicator is works on RSI, Price and volume to give leading Indicator to Buy or Sell.
This indicator works on all financial markets


Hilega-Milega-RSI-EMA-WMA indicator designed by Nitish Sir

For intraday trade, enter with 15 mins chart.
For positional trade, enter with 1-hour chart.
For Investment this system can be used with daily/weekly/monthly chart.
• RED line is for Volume.
• Green line is for the Price.
• Black line is for the RSI (9).

SELL Trade
1. When Volume (RED line) is above/crossed above Price (Green line) and Strength (Black line), then stock price will go down. This means we will SELL.
2. When there is a GAP in the RED line and the Green line till the time price will go down.
Exit criteria
 Whenever Red line exit the shaded area of Oversold zone OR Red line cross over the Green and black line then we will exit.
 In case of the SELL trade, after the entry we will monitor the trade in 5 min chart, if the candle is closed above the VWAP then exit.
 If the price is crossed the 50 SMA then we will exit trade.
BUY Trade
1. When Volume (RED line) is below/crossed below Price (Green line) and Strength (Black line), then stock price will go up. This means we will BUY.
2. When there is a GAP in the RED line and the Green line till the time price will go down.
Exit criteria
 Whenever Red line exit the shaded area of Overbought zone OR Red line cross over the Green and black line then we will exit.
 In case of the Buy trade, after the entry we will monitor the trade candle is closed below the VWAP then exit.
 If the price is crossed the 50 SMA then we will exit trade.