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Williams %R (v.4)

capissimo Updated   
Bill Williams Indicators Centered Oscillators Oscillators wiliams
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billwilliams centeredoscillator oscillator wiliams
This is an upgrade and an update of my Williams %R indicator modification.

As before this implementation is enhanced with CCI in the form of background colors. These colors can be used as a confirmation signal and indication of a current trend. Thee also can be employed in deciding when to enter/exit the market.
Besides, added is a scaling function and Lower/Upper Bound inputs.
Release Notes:
Major Fix. Added non-repaining feature.
Release Notes:
Major Fix. Added LSMA, Vidya, EMA to the functionality of the indicator. These are used as proxies in support to the Williams %R curve.
Release Notes:
Major fix. Corrected feature calculation.
Added VWAP.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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