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    Hilega To Milega

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    SANTOSH KAMBLE
    This document presents the Hilega-Milega (H-M) trading system. It calculates the Relative Strength Index (RSI) using a 9 period RMA, along with a 21 period weighted moving average (WMA) and 3 period exponential moving average (EMA) of the RSI. It plots the RSI, WMA, and EMA on a chart, along with a middle line at 50 and color-coded areas to indicate when the RSI is oversold or overbought.

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    Hilega To Milega

    Uploaded by

    SANTOSH KAMBLE
    135 views1 page
    This document presents the Hilega-Milega (H-M) trading system. It calculates the Relative Strength Index (RSI) using a 9 period RMA, along with a 21 period weighted moving average (WMA) and 3 period exponential moving average (EMA) of the RSI. It plots the RSI, WMA, and EMA on a chart, along with a middle line at 50 and color-coded areas to indicate when the RSI is oversold or overbought.

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    Heliga meliga

    Original Title

    Hilega to Milega

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    This document presents the Hilega-Milega (H-M) trading system. It calculates the Relative Strength Index (RSI) using a 9 period RMA, along with a 21 period weighted moving average (WMA) and 3 period exponential moving average (EMA) of the RSI. It plots the RSI, WMA, and EMA on a chart, along with a middle line at 50 and color-coded areas to indicate when the RSI is oversold or overbought.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
    135 views1 page

    Hilega To Milega

    Uploaded by

    SANTOSH KAMBLE
    This document presents the Hilega-Milega (H-M) trading system. It calculates the Relative Strength Index (RSI) using a 9 period RMA, along with a 21 period weighted moving average (WMA) and 3 period exponential moving average (EMA) of the RSI. It plots the RSI, WMA, and EMA on a chart, along with a middle line at 50 and color-coded areas to indicate when the RSI is oversold or overbought.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as txt, pdf, or txt
    of 1

    //@version=4

    // RSI WMA EMA @NKStockTalk1


    // Hilega-Milega System

    study(title="H-M system", overlay=false)


    src = input(close, type=input.source, title="Source")

    len = input(9, minval=1, title="RSI")


    up = rma(max(change(src), 0), len)
    down = rma(-min(change(src), 0), len)
    rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))

    wmaLength = input(21, title="WMA")


    emaLength = input(3, title="EMA")

    wma = wma(rsi, wmaLength)


    ema = ema(rsi, emaLength)

    plot(rsi, color=color.black, linewidth=1, title="RSI", transp=0)


    plot(wma, color=color.red, linewidth=2, title="WMA", transp=0)
    plot(ema, color=color.green, linewidth=1, title="EMA")

    hline = hline(50, color=#b2b5be, linestyle=hline.style_dashed, title="Middle")


    ref = plot(50, editable=true, title="50 Line")
    obsd = plot(rsi>50? rsi : 50, transp=100, editable=false, title="oversold",
    display=display.none)
    obbt = plot(rsi>50? 50 : rsi, transp=100, editable=false, title="overbought",
    display=display.none)
    fill(obsd,ref, color=color.red, transp=90, title="Overbough")
    fill(obbt,ref, color=color.blue, transp=90, title="Oversold")

    //thanks NITISHSIR

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