Williams %R Optimized for Crypto (JFS)

📌 Crypto Overbought–Oversold JFS – Williams %R Optimized for Crypto

Crypto Overbought–Oversold JFS is an optimized version of the Williams %R indicator, specifically adjusted for cryptocurrency markets, where price movements tend to be more aggressive and less respectful of traditional ranges.

This indicator combines the classic Williams %R with additional moving-average smoothing, providing a clearer view of momentum, price exhaustion, and potential shifts in market rhythm.

🔍 Key Features

✅ Williams %R adapted for crypto assets

✅ Clear identification of overbought and oversold zones

✅ EMA line to smooth oscillator behavior

✅ Signal line to confirm momentum shifts

✅ Dynamic coloring based on the relationship between %R and the signal

✅ Ideal for detecting exhaustion, pullbacks, and potential reversals

✅ Works across all timeframes

🎯 Who is this indicator for?

This indicator is designed for:

Scalpers

Day traders

Swing traders in crypto

who seek to confirm entries and exits, detect price extremes, and evaluate the true strength of price movement, especially near extended zones.

⚠️ Important Note

This indicator should not be used as a standalone signal. It is recommended to combine it with:

Market structure

Primary trend direction

Support and resistance levels

Volume or institutional context

🧠 Concept

Momentum reveals intent.
Excess reveals opportunity.

Author’s Note

This indicator has been redesigned and adjusted by the author with a specific focus on cryptocurrency markets, incorporating momentum-smoothing and interpretation criteria aligned with the non-conventional behavior of this market, especially in high-volatility environments.