Normalized Average True Range combined with Williams %R - Celasor 04/2020.
Indicator can be used for identifying potential market bottoms with the following criteria: Normalized ATR is above 80% and Williams %R is below -80. This script combines both indicators and displays bars to mark where conditions are met. Future updates may include selectable smoothing.
i think it is very useful with this indicator, but i just knew it today. Can you explain how to use it. in some case, i saw this signal might get delay in a period of time after this signal appear on chart
cdman86
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very good!
ethanfok
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Thanks. Can we adjust the percent rank look back on the ATR?