PROTECTED SOURCE SCRIPT
Williams + BB Buy Sell signal
Williams %R with Bollinger Bands
This script can help traders to determine if there is a buy or sell signal.
It indicates when the Williams %R crosses the Bollingers bands levels at the overbought and oversold areas.
Red cross: when the Williams crosses the upper level of BB in the overbought area, that can be considered as a double confirmation to sold.
Green cross: when the Williams crosses the lower level of BB in the oversold area, that can be considered as a double confirmation to buy.
Configuration:
This indicator gives accurate signals with this configuration:
Williams %R: period length 12
MA period: period length 8
Bollinger bands: period length 6
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.