OPEN-SOURCE SCRIPT
W%R Midline Cross - AI Alert Mode
Strategy Overview
This system combines:
Williams %R (momentum exhaustion + midline cross)
Weighted Moving Average (WMA 50) (trend filter)
Average True Range (ATR) (volatility regime)
AI-style scoring filter for higher-quality entries
It is a mean-reversion to trend continuation hybrid system:
Price becomes extremely overbought/oversold
Momentum resets through the -50 midline
Trend + volatility conditions confirm
Signal triggers on candle close
This system combines:
Williams %R (momentum exhaustion + midline cross)
Weighted Moving Average (WMA 50) (trend filter)
Average True Range (ATR) (volatility regime)
AI-style scoring filter for higher-quality entries
It is a mean-reversion to trend continuation hybrid system:
Price becomes extremely overbought/oversold
Momentum resets through the -50 midline
Trend + volatility conditions confirm
Signal triggers on candle close
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.