willy

Willy 21/13

I decided to make this formerly invite only script public (you can find the invite only version here If you are part of the invite only you don't need to change scripts. I will push improvements first on the invite only script but in time it will come to this version as well. I would love to know your ideas...

First off, a huge thank you to the following people: LEGION: LazyBear: www.tradingview.com xSilas: www.tradingview.com Ni6HTH4awK: www.tradingview.com sco77m4r7and: SNOW_CITY: www.tradingview.com oh92: www.tradingview.com alexgrover:...

Willams %R with 13 EMA and middle point. It also uses the textbook formula instead of the Tradingview one.

A CHANGE of background color indicates a trade opportunity : Cyan background = BUY Purple background = SELL The bullish signals seem to be better than the bearish ones. Based on the "Willy" indicator. Don't change the parameters unless you fully understand the consequences. Use with brains and caution :)

First off, a huge thank you to the following people: @LEGION: @LazyBear: www.tradingview.com @xSilas: www.tradingview.com @Ni6HTH4awK: www.tradingview.com... @sco77m4r7and: @SNOW_CITY: www.tradingview.com... @oh92: www.tradingview.com @alexgrover:...

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...