OPEN-SOURCE SCRIPT
Willy Bands
Reverse engineered Willy21Ema13 to show (on chart) the levels price would have to reach to be overbought/oversold given recent price history.
By default it only shows the Williams%R with length 21.
If you change the settings it will do the same for the Ema13 of the Willy21, however because the ema is "harder" to breach, the lines are much farther away and looks really obnoxious on chart.
By default it only shows the Williams%R with length 21.
If you change the settings it will do the same for the Ema13 of the Willy21, however because the ema is "harder" to breach, the lines are much farther away and looks really obnoxious on chart.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.