A single simple and clear indicator, including:
- Williams% R
- 3 bands (lower, upper and medium)
- 3 labels to quickly see which indicator it is.
You can choose the source of the EMA: Williams% R or RSI.
The Williams% R is set on the same scale as that of the RSI.
All these functionalities or configurable.
- New features, you can show on the background the trend of the current price, based on the crossing of Hichimoku Tenkan/Kijun, or EMA/EMA, or (Tenkan/Kijun)/(EMA/EMA)
You can mix the background or split it
Possibility to modify lines
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.