"This code creates a technical analysis indicator used to calculate and visualize the WillyCycle oscillator and double moving average indicators on the price of a financial asset. The functionality can be summarized as follows: *Calculate the WillyCycle oscillator: The WillyCycle is an oscillator calculated based on the highest and lowest values of an asset. This...
Plots Williams Percent Range over bought/oversold indicator as a small overlay in top right corner. 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. ~~User Inputs~~ ~W%R length ~Number of bars to show (default is last 6 bars) ~Plot...
This oscillator is the combination of different settings RSI , RSX , STOCHRSI , MSI ,... in a Stochastic function that can help traders to understand the weakness and strength of momentum in candle sticks in different time frames. This oscillator organized by three Line , control zone and Divergence Line 1:) Fast Line 2:) Slow Line 3:) Heavy Line 4:) Neutral...
This is an improved version of Brian Beamish's Willy21Ma13 indicator. Embedded conditions (overbought / oversold) come with a highlighted background (red for overbought / lime for oversold) It will also provide buy / sell signals when the indicator moves from embedded to unembedded. Enjoy
Willy 13 EMA Features: - Divergence finder - Extreme conditions highlight
First off, a huge thank you to the following people: @LEGION: @LazyBear: www.tradingview.com @xSilas: www.tradingview.com @Ni6HTH4awK: www.tradingview.com @sco77m4r7and: @SNOW_CITY: www.tradingview.com @oh92: www.tradingview.com @alexgrover: www.tradingview.com @cI8DH: www.tradingview.com @DonovanWall: www.tradingview.com This is my second iteration...
First off, a huge thank you to the following people: LEGION: LazyBear: www.tradingview.com xSilas: www.tradingview.com Ni6HTH4awK: www.tradingview.com sco77m4r7and: SNOW_CITY: www.tradingview.com oh92: www.tradingview.com alexgrover: www.tradingview.com cI8DH: www.tradingview.com DonovanWall: www.tradingview.com Since I've been on TradingView I've become...
Based on alexpunct's work. I simply added a second Willy plot and EMA which allows you to plot Willy and its EMA for a second time frame on the same chart. The idea is that you will only enter a trade if there is confluence on the two time frames i.e. Willy is stupidly oversold/overbought on both the 4h and 12h or 1h and 4h time frames. I will be testing this...
Willams %R with 13 EMA and middle point. It also uses the textbook formula instead of the Tradingview one.
fixed the colors of bg and osc, mess with the settings if the default doesnt work for you !! have fun
williams%R with EMA's tot filter out noise and trend signals. bgcolor to indicate cycles with top/bottom signals. inspired on the rational flibbr and magnus indicators by magnus tradinggroup and flibbr!
I decided to make this formerly invite only script public (you can find the invite only version here If you are part of the invite only you don't need to change scripts. I will push improvements first on the invite only script but in time it will come to this version as well. I would love to know your ideas and thoughts on how this indicator can be improved, so...
Pseudo code Example General info and acknowledgements Author: maqpie Date of publishing: 20th of july 2017 This script is based upon Davinci's dav-o meter and his original script, which searches for W's and M's in price, OBV, RSI and/or Willy. Although the original script is elegant, a W or M has to occur within 5 bars. However, often what you will see is...
A CHANGE of background color indicates a trade opportunity : Cyan background = BUY Purple background = SELL The bullish signals seem to be better than the bearish ones. Based on the "Willy" indicator. Don't change the parameters unless you fully understand the consequences. Use with brains and caution :)