OPEN-SOURCE SCRIPT
Mis à jour Williams %R + Bollinger %B
📊 Williams %R + Bollinger %B Indicator
This indicator blends two complementary oscillators to provide a clearer view of market momentum, volatility, and extreme zones:
🔹 Williams %R (W%R):
Measures the price’s position within its recent range, helping identify overbought/oversold conditions and potential reversal points. It reacts quickly to market shifts, making it useful for spotting short-term exhaustion.
🔹 Bollinger %B (BB%):
Shows where the price sits relative to the Bollinger Bands, highlighting volatility expansions, contractions, and pressure around the bands. It helps confirm breakouts, squeezes, and volatility-driven moves.
🎯 What This Combined Indicator Offers
Dual insight: Momentum (W%R) + volatility (BB%).
Higher precision: Identifies areas where both range extremes and volatility extremes align.
Better timing: Provides clearer entry/exit confirmation based on price behavior relative to range and volatility.
🧠 Suggested Use
Look for confluences, such as W%R showing oversold while BB% signals a lower-band rejection or squeeze.
Spot true breakouts when BB% expands while W%R exits extreme zones.
Filter out noise by analyzing the relationship between both oscillators.
This indicator blends two complementary oscillators to provide a clearer view of market momentum, volatility, and extreme zones:
🔹 Williams %R (W%R):
Measures the price’s position within its recent range, helping identify overbought/oversold conditions and potential reversal points. It reacts quickly to market shifts, making it useful for spotting short-term exhaustion.
🔹 Bollinger %B (BB%):
Shows where the price sits relative to the Bollinger Bands, highlighting volatility expansions, contractions, and pressure around the bands. It helps confirm breakouts, squeezes, and volatility-driven moves.
🎯 What This Combined Indicator Offers
Dual insight: Momentum (W%R) + volatility (BB%).
Higher precision: Identifies areas where both range extremes and volatility extremes align.
Better timing: Provides clearer entry/exit confirmation based on price behavior relative to range and volatility.
🧠 Suggested Use
Look for confluences, such as W%R showing oversold while BB% signals a lower-band rejection or squeeze.
Spot true breakouts when BB% expands while W%R exits extreme zones.
Filter out noise by analyzing the relationship between both oscillators.
Notes de version
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update preview of indicatorScript open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.