De-clutter chart when all you're interested in is the real-time W%R to 'give permission' to enter a trade.
i.e. to remove the Williams %R lower pane from the above chart completely.
~Number of bars to show (default is last 6 bars)
~Plot offset (horizontal position of the plot; can be negative)
~Line color and thickness
~Show/hide plot title
~in line 26, edit the multiplier (3*), to compress/expand the vertical size of the plot
-Added -80 and -20 reference lines
(note: bgcolor and barcolor are the only options for highlighting, since label, plotchar, plotshape all mess up the scaling of the miniplot)
Demo of Filter condition: triple timeframe agreement Overbought W%R
ETH erc20: 0x4b0400B1c18503529ab69611e82a934DDe4Ab038
ETH bep20: 0x1F0f03F184079bb1085F8C9dF3a8191C9f5869B3
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 a publication is governed by House Rules. You can favorite it to use it on a chart.