Publishing this script on special request. script siulates the strategy given by very polite and veteran trader from Patna ( NK Stock Talk ) . according to him, one can predict the market movement in any timeframe by applying some correlations of volume and price on top of strength. He recommends to apply weighted moving avergage ( to predict volume factor ) on...
The indicator is inspired by inputs from Mr. Nitish Kumar. It also takes into account VWAP but only if the current time frame is intraday, i.e less than 1D. I hope this indicator will help a lot of retail investor save their hard earned money in the stock market and benefit from Mr. NK's strategy. When blue - Go long. When red - Go short. Best, Swan
Price Volume Strength(PVS) Indicator script has been developed based on Nitish Kumar Sir's concepts. This script uses RSI(9) along with 3 EMA and 21 WMA . 3 EMA and 21 WMA graphs have been plotted on RSI (9). RSI value above 50 will be considered as 'BUY' zone and RSI value below 50 will be considered as 'SELL' zone. When 21 WMA ( Volume Strength) and 3 EMA...