OPEN-SOURCE SCRIPT
Aggiornato %R FreeWilly [FlowForge]
%R FreeWilly [FlowForge]
A dual-period Williams %R exhaustion detector built for intraday traders on micro futures and indices.
Uses two %R periods simultaneously a fast line and a slow line. When both are overbought at the same time, price is at a genuine range extreme across multiple timeframes. When both are oversold, the opposite. Single-period %R generates too much noise. This doesn't fire unless both agree.
What you get:
- Red shaded boxes on the price chart when overbought exhaustion is active potential SHORT zone
- Green shaded boxes when oversold exhaustion is active potential LONG zone
- Reversal arrows when the exhaustion zone breaks the momentum shift signal
- Fully customizable fast/slow lengths, colors, and thresholds
Best used alongside VWAP Reversion [FlowForge] and ORB Sessions 15m [FlowForge] when a SHORT or LONG zone label fires inside a red or green %R box, confluence is high. Use the ORB session boxes for context on where price is relative to the opening range.
Default settings: Fast 21 / Slow 112
Free and open source. No invite needed
A dual-period Williams %R exhaustion detector built for intraday traders on micro futures and indices.
Uses two %R periods simultaneously a fast line and a slow line. When both are overbought at the same time, price is at a genuine range extreme across multiple timeframes. When both are oversold, the opposite. Single-period %R generates too much noise. This doesn't fire unless both agree.
What you get:
- Red shaded boxes on the price chart when overbought exhaustion is active potential SHORT zone
- Green shaded boxes when oversold exhaustion is active potential LONG zone
- Reversal arrows when the exhaustion zone breaks the momentum shift signal
- Fully customizable fast/slow lengths, colors, and thresholds
Best used alongside VWAP Reversion [FlowForge] and ORB Sessions 15m [FlowForge] when a SHORT or LONG zone label fires inside a red or green %R box, confluence is high. Use the ORB session boxes for context on where price is relative to the opening range.
Default settings: Fast 21 / Slow 112
Free and open source. No invite needed
Note di rilascio
%R FreeWilly [FlowForge]A dual-period Williams %R exhaustion detector built for intraday traders on micro futures and indices.
Uses two %R periods simultaneously a fast line and a slow line. When both are overbought at the same time, price is at a genuine range extreme across multiple timeframes. When both are oversold, the opposite. Single-period %R generates too much noise. This doesn't fire unless both agree.
What you get:
- Red shaded boxes on the price chart when overbought exhaustion is active potential SHORT zone
- Green shaded boxes when oversold exhaustion is active potential LONG zone
- Reversal arrows when the exhaustion zone breaks the momentum shift signal
- Fully customizable fast/slow lengths, colors, and thresholds
Best used alongside ORB Sessions 15m [FlowForge] when a SHORT or LONG zone label fires inside a red or green %R box, confluence is high. Use the ORB session boxes for context on where price is relative to the opening range.
Default settings: Fast 14 / Slow 56
Free and open source. No invite needed
Note di rilascio
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Grafiek wegScript open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Script open-source
Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.