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,
Hi, can you please rectify your system, i found there is a lag in your hm and the regular hm, crossovers are getting delayed, else this is a perfect indicator
ThusHeSpoke
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Hi, great work but can you update it will all the features of Hilega-Milega by dottradingwithtrend available here on TV, coz his script is hidden.
specialbharat
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Hi.. first thanks for your hard work to code this indicator. can u please add short sell signal in backtest so we can check it more profitable in selling or buying. and can u add HM screner 1,3,5,15,30 min time frame on bank nifty stock so we can analysis better which stock in buy zone in HM. Thanks
snsahani09
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Need full
luckywiz47
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Nice one, Thanks, i prefer your version over others HM SYSTEM, Also many thanks to NK sir :)
dkbasu12
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please make it multi time frame
shripadyana
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This is very useful indicator.........could please do the value addition by adding RSI divergence