samiranadhikari
Member
Can you develop the thinscipt code this indicator? It was able to identify with confidence the recent upmove January 2023 in many stocks like META, NVDA, TSLA
Description
The Bongo indicator was designed by a group of traders at an HGSI seminar. The Bongo turns green when the Wilder's RSI 8, 14, and 19 are streaming (8 over 14 over 19) and the close price is above the 9 period moving average. The bongo stays green until a down signal is detected (RSI's streaming 8 below 14 below 19) and the close price is below the 9 period MA at which point it turns red and stays that way until another up signal is detected.
Description
The Bongo indicator was designed by a group of traders at an HGSI seminar. The Bongo turns green when the Wilder's RSI 8, 14, and 19 are streaming (8 over 14 over 19) and the close price is above the 9 period moving average. The bongo stays green until a down signal is detected (RSI's streaming 8 below 14 below 19) and the close price is below the 9 period MA at which point it turns red and stays that way until another up signal is detected.
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