OPEN-SOURCE SCRIPT
Williams %R two lines
Updated
Compare relative strength between two lines of Williams %R
Default daily length1=21, length2=42
Long When 2 lines Crossed above -80 or -50 together
Short When 2 lines Crossed below -20 or -50 together
Notes:
I am not good at short yet. Only Show long samples here.
Default daily length1=21, length2=42
Long When 2 lines Crossed above -80 or -50 together
Short When 2 lines Crossed below -20 or -50 together
Notes:
I am not good at short yet. Only Show long samples here.
Release Notes
Long entry strategy:WR(21,42) two lines crosses -80 or -50,
and Price>SMA13,
and obv>obv34
Release Notes
WR Long Strategy1. WR21 crossed -80, and WR42 crossed -80,
or WR21 crossed -50, and WR42 crossed -50,
2. Price > SMA13
3. OBV > OBV34
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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