Simple Overbought/Oversold indicator You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
Simple Overbought/Oversold indicator WARNING: This script to change bars colors.
This script is the same as Williams %R except that on green days we plot green and red on red days. If a bar opens and closes the same, we plot black.
based on indicator created by coinsheet.org created by autemox tells you when 9 candles in a row are green or red candles (this indicates price may be oversold or overbought)
I realized that I can use my PEMA indicator () as ocillator too, so I created this indicator. Good to compare top and bottom (get divergences), and oversold and overbought areas (like RSI). If you liked, send me a small amout of bitcoin to 1NR9tyn8tAn6nuQzosaZ2SkfT38PLxN5mf it will encorage me to create other indicators open source.