Pinescript Code for Hilega Milega


 

Strategy and image Credit: NK@StockTalk 


  //@version=3
// © ObserveNifty

study("Hilega Milega Strategy by @ObserveNifty", overlay=true)

//length_RSI = input(9)
priceRSI = close
rsi = rsi(priceRSI, 9)

wma_rsi = wma(rsi, 21)
ema_rsi = ema(rsi, 3)
vwap_close = vwap(close)


// Deternine if we are currently LONG
isLong = false
isLong := nz(isLong[1], false)

// Determine if we are currently SHORT
isShort = false
isShort := nz(isShort[1], false)

// buytrigger =  not isLong and crossover(vrsi14,50) and crossover(vrsi5,70)
buytrigger =  not isLong and wma_rsi < ema_rsi and wma_rsi > 50 and close > vwap_close
plotshape(buytrigger, title="Buy Signal Generated", text="Buy", textcolor=white, style=shape.labeldown, location=location.abovebar, color=red, transp=0, size=size.tiny)

buyExit = isLong and (wma_rsi > ema_rsi or wma_rsi <= 50 or close < vwap_close)
plotshape(buyExit, title="Exit Buy", text="Exit Buy", textcolor=white, style=shape.labeldown, location=location.abovebar, color=red, transp=0, size=size.tiny)

if (buytrigger)
    isLong := true
    isShort := false
if (buyExit)
    isLong := false
    isShort := false

//sellTrigger = not isShort and crossunder(vrsi14,50) and crossunder(vrsi5,30)
sellTrigger = not isShort and wma_rsi > ema_rsi and wma_rsi > 50 and close < vwap_close
plotshape(sellTrigger, title="Sell Signal Generated", text="SELL", textcolor=white, style=shape.labelup, location=location.belowbar, color=red, transp=0, size=size.tiny)

sellExit = isShort and (wma_rsi < ema_rsi or wma_rsi <= 50 or close > vwap_close)
plotshape(sellExit, title="Exit SELL", text="Exit SELL", textcolor=white, style=shape.labelup, location=location.belowbar, color=red, transp=0, size=size.tiny)

if (sellTrigger)
    isLong := false
    isShort := true
if (sellExit)
    isLong := false
    isShort := false


Enjoy Coding

Comments

  1. UnknownMay 16, 2021 at 7:52 AM

    Please make auto buy and sell script....

    This script shows signal

    Make script of same for auto bying and exit of buy or auto selling and exiting trade for algo softwere...or else make algo trading softwere of it ..we will buy it from you...thanks....

    ReplyDelete
  2. buntyMay 20, 2021 at 12:14 AM

    Hi, may I know what time frame are you following for the script? As there are lot of false signals. I may have an idea to fix it. If you would want to connect on @badaljoshi that is my Telegram id

    ReplyDelete
  3. UnknownSeptember 10, 2021 at 1:06 AM

    Please add buying price in buy indicator signal
    And selling price in sell signal....


    It show only buy and sell


    It should shoe buy 120 sell 150 like this

    ReplyDelete
  4. UnknownJanuary 9, 2022 at 1:41 AM

    please can you edit HM pine scriptthis lable showing buy... example=buy ;1230 and exit sell ;1280 this way.....so that we will get price at the time of the indicator crossing

    ReplyDelete

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