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HM SYS
Nifty 50 Index
HM SYS
By dipakkumar7375646
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Mar 10, 2021
3
Cheer
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Mar 10, 2021
//
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
Trend Analysis
dipakkumar7375646
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