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%R Trend Exhaustion + Bottom et TOP

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Indicator Description

This indicator identifies bullish reversal zones (Bottoms) using the Williams %R, combining momentum structure with trend context.

A Bottom signal is displayed as a blue dot on the price chart when the following conditions are met:

the overall trend is bullish (fast Williams %R above slow Williams %R),

the fast Williams %R (21) exits the oversold zone by crossing above the −80 level,

the previous momentum was weaker, indicating a gradual improvement in momentum.

The indicator is designed to highlight potential entry points after bearish exhaustion, favoring setups where selling pressure fades within an existing bullish structure.



Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.