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Bill Williams Indicators

Williams R Zone Scalper v1.0[BullByte]Originality & Usefulness Unlike standard Williams R cross-over scripts, this strategy layers five dynamic filters—moving-average trend, Supertrend, Choppiness Index, Bollinger Band Width, and volume validation —and presents a real-time dashboard with equity, PnL, filter status, and key indicator values. No other public Pine script combines these elements with toggleable filters and a custom dashboard. In backtests (BTC/USD (Binance), 5 min, 24 Mar 2025 → 28 Apr 2025), adding these filters turned a –2.09 % standalone Williams R into a +5.05 % net winner while cutting maximum drawdown in half. --- What This Script Does - Monitors Williams R (length 14) for overbought/oversold reversals. - Applies up to five dynamic filters to confirm trend strength and volatility direction: - Moving average (SMA/EMA/WMA/HMA) - Supertrend line - Choppiness Index (CI) - Bollinger Band Width (BBW) - Volume vs. its 50-period MA - Plots blue arrows for Long entries (R crosses above –80 + all filters green) and red arrows for Short entries (R crosses below –20 + all filters green). - Optionally sets dynamic ATR-based stop-loss (1.5×ATR) and take-profit (2×ATR). - Shows a dashboard box with current position, equity, PnL, filter status, and real-time Williams R / MA/volume values. --- Backtest Summary (BTC/USD(Binance), 5 min, 24 Mar 2025 → 28 Apr 2025) • Total P&L : +50.70 USD (+5.05 %) • Max Drawdown : 31.93 USD (3.11 %) • Total Trades : 198 • Win Rate : 55.05 % (109/89) • Profit Factor : 1.288 • Commission : 0.01 % per trade • Slippage : 0 ticks Even in choppy March–April, this multi-filter approach nets +5 % with a robust risk profile, compared to –2.09 % and higher drawdown for Williams R alone. --- Williams R Alone vs. Multi-Filter Version • Total P&L : – Williams R alone → –20.83 USD (–2.09 %) – Multi-Filter → +50.70 USD (+5.05 %) • Max Drawdown : – Williams R alone → 62.13 USD (6.00 %) – Multi-Filter → 31.93 USD (3.11 %) • Total Trades : 543 vs. 198 • Win Rate : 60.22 % vs. 55.05 % • Profit Factor : 0.943 vs. 1.288 --- Inputs & What They Control - wrLen (14): Williams R look-back - maType (EMA): Trend filter type (SMA, EMA, WMA, HMA) - maLen (20): Moving-average period - useChop (true): Toggle Choppiness Index filter - ciLen (12): CI look-back length - chopThr (38.2): CI threshold (below = trending) - useVol (true): Toggle volume-above-average filter - volMaLen (50): Volume MA period - useBBW (false): Toggle Bollinger Band Width filter - bbwMaLen (50): BBW MA period - useST (false): Toggle Supertrend filter - stAtrLen (10): Supertrend ATR length - stFactor (3.0): Supertrend multiplier - useSL (false): Toggle ATR-based SL/TP - atrLen (14): ATR period for SL/TP - slMult (1.5): SL = slMult × ATR - tpMult (2.0): TP = tpMult × ATR --- How to Read the Chart - Blue arrow (Long): Williams R crosses above –80 + all enabled filters green - Red arrow (Short) : Williams R crosses below –20 + all filters green - Dashboard box: - Top : position and equity - Next : cumulative PnL in USD & % - Middle : green/white dots for each filter (green=passing, white=disabled) - Bottom : Williams R, MA, and volume current values --- Usage Tips - Add the script : Indicators → My Scripts → Williams R Zone Scalper v1.0 → Add to BTC/USD chart on 5 min. - Defaults : Optimized for BTC/USD. - Forex majors : Raise `chopThr` to ~42. - Stocks/high-beta : Enable `useBBW`. - Enable SL/TP : Toggle `useSL`; stop-loss = 1.5×ATR, take-profit = 2×ATR apply automatically. --- Common Questions - * Why not trade every Williams R reversal?* Raw Williams R whipsaws in sideways markets. Choppiness and volume filters reduce false entries. - *Can I use on 1 min or 15 min?* Yes—adjust ATR length or thresholds accordingly. Defaults target 5 min scalping. - *What if all filters are on?* Fewer arrows, higher-quality signals. Expect ~10 % boost in average win size. --- Disclaimer & License Trading carries risk of loss. Use this script “as is” under the Mozilla Public License 2.0 (mozilla.org). Always backtest, paper-trade, and adjust risk settings to your own profile. --- Credits & References - Pine Script v6, using TradingView’s built-in `ta.supertrend()`. - TradingView House Rules: www.tradingview.com Goodluck! BullByte
Pine Script® strategy
by BullByte
Melon_Mask_SignalThis is a personal reference indicator called Melon Mask. While you are free to use it, all responsibility lies with the user. The indicator is continuously being updated and refined. Its core operation is based on the analysis of EMA, OBV, and RSI, combined with personal trading experience accumulated over a long time in the crypto market — particularly in identifying optimal stop-loss timings. As a reference tool, it performs well. However, please understand that due to the highly volatile nature of the market, especially with news-driven movements lately, no indicator can guarantee perfection. Based on actual backtesting, the win rate is approximately 65–70%, and continuous improvements are being made to push that figure higher. Cheers. Melon Mask
Pine Script® indicator
by Melon_Mask84
RSI Divergence pro with Bollinger Band Full ControlRSI Divergence with MA9 & WMA45 Description: This indicator identifies both regular and hidden RSI divergences based on pivot highs and lows of the RSI. It plots: The RSI line, along with two optional moving averages: SMA (MA9): for smoothing short-term RSI movements. WMA (WMA45): for broader RSI trend detection. It visually marks divergence signals directly on the RSI pane: Bullish Divergence → "Bull" label Hidden Bullish Divergence → "H Bull" label Bearish Divergence → "Bear" label Hidden Bearish Divergence → "H Bear" label The indicator includes the following features: Adjustable RSI period, source, and divergence lookback settings. Optional display of MA9 and WMA45 on the RSI. Customizable colors for bullish, bearish, hidden divergence signals. Overbought and oversold zones are shown at 70 and 30, with a background fill for easy visualization. Built-in alert conditions trigger notifications when divergences are detected. This script is useful for traders looking to anticipate trend reversals by spotting RSI divergences in combination with moving average smoothing.
Pine Script® indicator
by muathuquadi1711
Overnight ES Strategy: CBC + Fractal + RSI + ATR FilterThis script is designed for overnight trading of the E-mini S&P 500 futures (ES) between 6 PM and 11 PM EST. It combines multiple technical confluences to generate high-probability buy and sell signals, focusing on volatility-rich, low-liquidity evening sessions. Key Features: Candle Body Confluence (CBC) Approximation: Identifies candles with small real bodies compared to total range, simulating consolidation zones where price is likely to reverse. Williams Fractal Confirmation: Detects local tops and bottoms based on 5-bar fractal reversal patterns, helping validate breakout or reversal points. RSI Filter: Ensures momentum is supportive — buys only when RSI < 35 (oversold) and sells only when RSI > 65 (overbought). ATR Volatility Filter: Trades are only allowed if the Average True Range (ATR) exceeds a user-defined threshold, filtering out low-volatility, risky environments. Time Session Control: Signals are only generated during the user-defined evening session (default: 6 PM to 11 PM EST) to match market behavior. Real-Time Alerts Enabled: Alerts can be set for BUY or SELL conditions, enabling mobile notifications, emails, or pop-ups without constant chart monitoring. Recommended Settings: Chart Timeframe: 15-minute or 30-minute candles Assets: ES Mini (ES1!), NQ Mini, or other CME futures Session: New York Time (EST) ATR Threshold: Adjust based on market conditions; 5.0 suggested starting point for ES Mini on 15m. Important: This script only plots signals, it does not auto-execute trades. Always backtest and paper trade before using live capital. Volatility can vary; consider adjusting RSI and ATR filters based on market environment. Credits: Script designed based on confluence of price action, momentum, reversal structure, and volatility filtering principles used by professional traders. Inspired by Candle Body Confluence (CBC) theory and Williams fractal techniques.
Pine Script® indicator
by Zack1077
Williams Fractals Dynamic Horizontal LinesWilliams Fractals with Dynamic Horizontal Lines Overview This script identifies Williams Fractals (support and resistance points) on any chart and automatically draws horizontal lines at those fractal levels. The lines extend right and disappear when price breaks them — giving a clean and real-time view of key support and resistance levels. Features Detects upward fractals (potential resistances). Detects downward fractals (potential supports). Draws horizontal lines at each fractal point. Automatically deletes a line when: Price closes above a resistance. Price closes below a support. Clean and lightweight — minimal performance impact. Inputs Setting Description Default Periods (n) Number of candles on each side required to confirm a fractal (minimum 2). 2 How It Works Fractal Detection: An up fractal is confirmed when a candle has the highest high compared to its neighbors. A down fractal is confirmed when a candle has the lowest low compared to its neighbors. Custom logic supports different "ties" — not just strict greater-than or less-than comparisons. Drawing Lines: When an up fractal is detected → a red horizontal resistance line is drawn. When a down fractal is detected → a green horizontal support line is drawn. Lines are drawn starting at the fractal candle and extend right across the chart. Dynamic Line Deletion: Every new candle is checked: If high > resistance line → delete that resistance line. If low < support line → delete that support line. Only unbroken lines are kept on the chart, providing live, updated support/resistance zones. Visual Elements Up Fractal: 🡅 Triangular marker (teal color) above the fractal candle. Down Fractal: 🡇 Triangular marker (red color) below the fractal candle. Resistance Line: Red horizontal line. Support Line: Green horizontal line. Technical Details Version: Pine Script v6 Arrays Used: To store and manage active lines (line arrays). To track the price associated with each line (float arrays). Error Handling: Backward iteration is handled using a while loop instead of a for loop to comply with Pine Script restrictions. Offset Handling: Fractal markers are plotted with an offset of -n bars for visual alignment. Possible Enhancements (Future Ideas) Sensitivity Settings: Allow a small margin (buffer) to define breakouts. Extend Options: Let users choose between extending "infinite" or "limited" bars. Custom Alerts: Generate alerts when fractal levels are broken. Multi-timeframe Support: Detect fractals from higher timeframes on lower timeframe charts. Example Usage Swing Trading: Use the fractal lines to identify and react to key breakouts or breakdowns dynamically. Intraday Trading: Spot live support/resistance on smaller timeframes for quick trades. Trend Reversal Spotting: Notice when a major fractal level is broken, possibly indicating trend changes. Example Visual — Williams Fractals Dynamic Lines Price Chart View: What This Diagram Shows: ▲ Up Fractals: Form resistance lines. Line extends until price breaks above it. ▼ Down Fractals: Form support lines. Line extends until price breaks below it. Lines are removed from the chart as soon as broken. 📈 Real Chart Example Here's a rough idea how it will look live on your TradingView chart: Feature Visual Up Fractal 🔺 Green triangle above bar Resistance Line ➖ Horizontal red line across the chart Down Fractal 🔻 Red triangle below bar Support Line ➖ Horizontal green line across the chart Line Break 🚫 Line disappears when price crosses
Pine Script® indicator
by mohindersutrave
Williams Percent Range proOverview Williams Percent Range Pro is a powerful divergence detection tool based on the Williams %R oscillator. It automatically identifies and plots regular and hidden divergences between price action and the %R oscillator, providing traders with early indications of potential trend reversals or trend continuations. This indicator enhances the classic Williams %R by adding intelligent divergence detection logic, customizable visualization, and integrated alert conditions — making it a highly versatile tool for both manual and automated trading. Features Automatic Divergence Detection Regular Divergence (signals trend reversals) Hidden Divergence (signals trend continuations) Customizable Settings Period length, source price, color customization for each divergence type Visual Enhancements Overbought, Mid, and Oversold levels (-20, -50, -80) Shaded background for easier visual interpretation Pivot Detection Identifies key swing points on the Williams %R line for divergence comparison Integrated Alerts Set up alerts for each type of divergence without coding Lightweight and Optimized Designed for fast loading and efficient operation on any timeframe How It Works Williams %R Calculation The script calculates the Williams %R as follows: %R = 100 × (Close - Highest High over Period) ÷ (Highest High - Lowest Low) This results in a value that moves between -100 and 0, indicating overbought and oversold conditions. Pivot Detection The indicator uses pivot highs and pivot lows on the %R line to determine important swing points. Pivot logic is based on comparing neighboring candles (5 bars to the left and 5 bars to the right by default). Divergence Detection 1. Regular Divergence Regular Bullish Divergence: Price makes a Lower Low Williams %R makes a Higher Low → Signals potential upward reversal Regular Bearish Divergence: Price makes a Higher High Williams %R makes a Lower High → Signals potential downward reversal 2. Hidden Divergence Hidden Bullish Divergence: Price makes a Higher Low Williams %R makes a Lower Low → Signals potential upward continuation Hidden Bearish Divergence: Price makes a Lower High Williams %R makes a Higher High → Signals potential downward continuation Each type of divergence is plotted with a specific label and customizable color on the indicator. Input Parameters Input Description Length Period length for Williams %R calculation (default: 14) Source Data source (default: Close) Show Regular Divergence Enable/disable regular divergence detection Show Hidden Divergence Enable/disable hidden divergence detection Regular Bullish Color Color for regular bullish divergence labels Regular Bearish Color Color for regular bearish divergence labels Hidden Bullish Color Color for hidden bullish divergence labels Hidden Bearish Color Color for hidden bearish divergence labels Visual Elements Horizontal Lines: -20: Overbought zone -50: Mid-level (dashed line) -80: Oversold zone Background Shading: Fills between -20 and -80 for better visual focus on active trading zones. Divergence Labels: Bull = Regular Bullish Divergence Bear = Regular Bearish Divergence H Bull = Hidden Bullish Divergence H Bear = Hidden Bearish Divergence Each label appears exactly at the pivot points of the Williams %R line, offset slightly for clarity. Alerts You can create TradingView alerts based on the following conditions: Regular Bullish Divergence Detected Regular Bearish Divergence Detected Hidden Bullish Divergence Detected Hidden Bearish Divergence Detected This allows fully automated trading setups or mobile push notifications. Example alert message: "Williams %R Regular Bullish Divergence Detected" Usage Tips Entry Strategy: Combine divergence signals with trend confirmation indicators like EMA/SMA, MACD, or Volume. Exit Strategy: Monitor when price reaches key resistance/support zones or overbought/oversold levels on the %R. Higher Accuracy: Always confirm divergences with price action patterns such as breakouts, candlestick formations, or trendline breaks. Conclusion The Williams Percent Range Pro indicator brings powerful divergence detection and customization features to a classic momentum oscillator. It provides clear visual and alert-based trading signals that help you anticipate major turning points or trend continuations in any market and timeframe. Whether you are a swing trader, day trader, or scalper, this tool can be an essential addition to your technical analysis toolkit.
Pine Script® indicator
by muathuquadi1711
Williams Percent Range proWilliams Percent Range with Divergences (Williams %R Div) Description: This indicator enhances the traditional Williams %R oscillator by detecting both Regular Divergence and Hidden Divergence directly on the %R line. It helps traders spot potential trend reversals and trend continuations with high precision. Key Features: Williams %R calculation (standard, normalized between -100 and 0). Pivot-based detection of divergences: Regular Bullish Divergence: Price makes a lower low, but %R makes a higher low → potential upward reversal. Regular Bearish Divergence: Price makes a higher high, but %R makes a lower high → potential downward reversal. Hidden Bullish Divergence: Price makes a higher low, but %R makes a lower low → potential trend continuation upward. Hidden Bearish Divergence: Price makes a lower high, but %R makes a higher high → potential trend continuation downward. Customizable settings: Enable/disable Regular and Hidden Divergences separately. Customize colors for each divergence type. Visual plotting: Divergence signals are marked with labels (Bull, Bear, H Bull, H Bear) directly on the %R panel. Built-in alert conditions: Instant alerts when a Regular or Hidden Divergence is detected. Usage Recommendation: Regular Divergences are best used to anticipate trend reversals. Hidden Divergences are useful for confirming trend continuations. Combining divergence detection with key support/resistance levels, candlestick patterns, or moving averages can significantly enhance trading accuracy.
Pine Script® indicator
by muathuquadi1711
Scalping Súper Oscilador by Rouro [Actualizado]This scalping strategy is designed to detect overbought and oversold zones using a custom Super Oscillator that combines five classic indicators: RSI, Stochastic, CCI, ROC, and Williams %R, with adjustable thresholds. ⚙️ How does it work? Entry signal: Buy: when the oscillator rises from the oversold zone (-0.8) and the candlestick is bullish. Sell: when the oscillator goes down from the overbought zone (0.8) and the candlestick is bearish. Time filter: possibility to operate only in a configurable time slot (e.g. from 10:00 to 12:00 local time). Dynamic SL/TP: Stop Loss is calculated using the low/high of the last X candles, and the Take Profit according to a configurable Risk/Reward Ratio. One operation per signal, with no overlaps. 🧠 Visuals and Panels: Visual oscillator with smooth EMA. Indicator traffic light that shows the individual status (green, red or grey) on the screen. Real-time statistics table: Backtest start date. 🧩 Full customization: Periods and levels for each indicator. Oscillator top/bottom level. Schedule settings. Option to show or hide the oscillator baseline.
Pine Script® strategy
by rouro33
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