OPEN-SOURCE SCRIPT
Updated Willams %R with 13 EMA - TRI
Based on alexpunct's work.
I simply added a second Willy plot and EMA which allows you to plot Willy and its EMA for a second time frame on the same chart.
The idea is that you will only enter a trade if there is confluence on the two time frames i.e. Willy is stupidly oversold/overbought on both the 4h and 12h or 1h and 4h time frames.
I will be testing this and will adapt
I simply added a second Willy plot and EMA which allows you to plot Willy and its EMA for a second time frame on the same chart.
The idea is that you will only enter a trade if there is confluence on the two time frames i.e. Willy is stupidly oversold/overbought on both the 4h and 12h or 1h and 4h time frames.
I will be testing this and will adapt
Release Notes
Fixed some little errors and added correct subtitlesOpen-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.