only_fibonacci

Inverse Fisher Transform on Williams %R

Inverse Fisher Transform On Williams %R

Since Williams R indicator produces negative values, I preferred to add 50 instead of subtracting 50.

It produces values between 0.5 and -0.5.
Generates clear buy and sell signals.
Williams %R determines overbought and oversold levels.
You can see more softly.



Release Notes:
Add shorttitle.
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#Color variable named
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Line color changed
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Linecolor parameter added
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size requirement added to line
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One color changed

AlgoTrade sevdası.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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