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Williams %R + Bollinger %B

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📊 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.
Versionshinweise
update preview of indicator
Versionshinweise
update preview of indicator

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