OPEN-SOURCE SCRIPT
Williams %R - Multi Timeframe
This indicator implements the William %R multi-timeframe. On the 1H chart, the curves for 1H (with signal), 4H, and 1D are displayed. On the 4H chart, the curves for 4H (with signal) and 1D are shown. On all other timeframes, only the %R and signal are displayed. The indicator is useful to use on 1H and 4H charts to find confluence among the different curves and identify better entries based on their alignment across all timeframes. Signals above 80 often indicate a potential bearish reversal in price, while signals below 20 often suggest a bullish price reversal.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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