For my own reference --

This is a study of the HM system from Nitish Kumar of NKStocktalk. 

This is a system to catch the stock movement with the help of RSI, EMA and WMA plotted on RSI to check the price movement in charts- It applies from intraday, daily weely monthly charts on the basis of ones trading or investing horizon.

This system takes the higher time frame to check the direction of price movement  to be applied in the lower time to enter the trade. with the help of HM system and Bollinger Band(BB).

For Example- If the price is in BUY in monthly system, it should be in buy in weekly system and Entry should be in daily/hourly charts by looking at the price movement on the basis of the HM system together with the BB blast or above the 20 MA of BB.It can be applied in Any market where there is Price to trade.

Charts reference for Example-

Price , Volume and Strength are 3 things to generate Momentum- 4 waves of market.

Volume- Red line-(WMA21-INDICATE Volume)

Strength- RSI (Black line)

PRICE- Blue line -(EMA3-INDICATE Price)

It is applied in RSI- as RSI has strength of Price.

WMA and EMA is used in RSI , WMA has weightage of the Volume and EMA for Price is used 

 We put WMA(Vol) on Strength(RSI) and also put Price(EMA) in it.  It becomes such a thing that the VOLUME TELLS BE BEFORE THE PRICE MOVES, the Volume is Positive / Negative.

If volume becomes more than/above Strength , Price falls 

If Volume becomes less than/below Strength- Price stops falling, Rise after RSI-50

Price always runs in its momentum- so we need price behaviour/ price pattern.

HERE we TRACK THE MOMENTUM OF PRICE-

MAR-APR-2020-DOWN-UP MOVE=IN DAILY N WEEKLY CHARTS