Blackboxdev

WR% VARIATION

This indicator plot the change of the William R%.

We have 3 hlines, 50, 0, -50

You can use this as a confirmation indicator for different entries:

ENTRIES

When change is higher than 50 we have a strong LONG signal

When change is lower than -50 we have a strong SHORT signal

CONTINUATION TRADES

When we are in a Bull Market, candle is red and change crossover the 0 line, we have a LONG continuation trade

When we are in a Bear Market, candle is green and change crossunder the 0 line, we have a SHORT continuation trade

EXITS

When we are in a Bull Market, candle is green and change crossunder the 0 line, we have an Exit, or a Reversal

When we are in a Bear Market, candle is read and change crossover the 0 line, we have an Exit, or a Reversal
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