Inverse Fisher Transform on Williams %R

Inverse Fisher Transform On Williams %R

Since Williams R indicator produces negative values, I preferred to add 50 instead of subtracting 50.

It produces values between 0.5 and -0.5.
Generates clear buy and sell signals.
Williams %R determines overbought and oversold levels.
You can see more softly.

Release Notes: Add shorttitle.
Release Notes: #Color variable named
Release Notes: Line color changed
Release Notes: Linecolor parameter added
Release Notes: size requirement added to line
Release Notes: One color changed
Open-source script

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.

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