PROTECTED SOURCE SCRIPT
Updated Hilega_Milega
This study shows the price action strength using RSI & Moving Averages.
In this study different line indicates below measures---
Black Line - Strength
Red Line - Volume
Green Line - 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 are total 2 zones which 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 is the price is having strength or not if going up or down based on volume.
In this study different line indicates below measures---
Black Line - Strength
Red Line - Volume
Green Line - 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 are total 2 zones which 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 is the price is having strength or not if going up or down based on volume.
Release Notes
minor color and text improvementsRelease Notes
Minor ImprovmentsRelease Notes
Pine V5Protected script
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.