This oscillator is based on the williams%R combined with EMA's for better signals. it shows momentum and ob/os signals and indicates market cycles. you can switch between the two EMA's for more direct or filtered signals and smooth the %R if needed.
i added 4 alertconditions to be triggered on crossovers of signal EMA and Filter EMA.
please let me know in the comments what you think about the indicator!!
For those of you asking for the source code, you can gather most of what's going on by looking at the parameters. If you're looking for the green/red crossover, based on the defaults, it should just be the crossing of the Williams EMA and 26EMA of the Williams EMA.
Senshi53656e736869
⋅
Hi @Heikens. This is a very nice script. I would like to combine it with RSI or Stochastic to see if that shows better signal. Please let me know if you can share the code.
dheerajsood
⋅
This is very good work mate!
Can I have access?
I want to put forward some ideas to couple it with some other working indicators I have
Would you be interested in collaborating?
Thanks
Heikens
⋅
@dheerajsood, ofc you can get acces ! what indicators do you have ? i cant give you acces through this page tho. i can send you the sourcecode in a PM
nomankhn
⋅
@Heikens, pls share with me also, Thanks so much, that will be good learning.