🔹 Williams %R x2

🔹 Williams %R x2 — Dual Williams %R Oscillator (MTF)

Williams %R x2 is an enhanced version of the classic Williams Percent Range indicator, allowing you to display two independent %R lines with separate parameters and multi-timeframe (MTF) support.
This tool is ideal for precise entry timing, spotting reversals, identifying extreme zones, and confirming momentum shifts.

✨ Indicator Features
1. Two Independent Williams %R Inputs

Separate period settings

Individual price sources

Custom line colors

Configurable overbought/oversold levels

Ability to enable or disable each oscillator independently

2. Multi-Timeframe (MTF) Mode

Each %R can be calculated on:

the current chart timeframe

or any higher/lower timeframe selected by the user (from M1 to MN)

This allows flexible combinations such as:

local %R for entries

higher-timeframe %R for trend filtering

3. Built-in Levels

OB/OS levels for each oscillator

Central midpoint level at −50

Fully customizable level colors

🎯 Use Cases

Detecting short-term reversals

Assessing momentum and timing entries

Applying SMC/ICT confirmation models

Filtering signals with higher-timeframe structure

Identifying extreme price conditions

🛠️ Technical Details

Fully compatible with Pine Script® v6

No repainting

Clean and minimal oscillator without unnecessary elements