Williams %R Gradation

前天

The Williams %R Gradation indicator visually enhances the traditional Williams %R momentum oscillator by adding dynamic coloring and EMA (Exponential Moving Average) analysis. This version integrates color gradients to highlight overbought and oversold conditions while adjusting the color intensity based on the deviation (gap) between %R and its EMA.


Usage
This indicator can be used to:

1. Identify overbought and oversold market conditions.
   
2. Highlight potential reversals with increased visibility through color fills.
   
3. Analyze the strength of momentum by observing the gap between %R and its EMA.
   
4. Track continuation or lingering overbought/oversold conditions with the previous bar logic.
   

10 小時前

發行說明

- Added "showSignal", "nStpes" option
- Visualize EMA & %R cross
- Predict the cross for nStpes and visualize
- Fixed fill color