Indicator William36histogram: early price reversal histogram oscillator

 William36histogram indicator is an improved Williams' Percent Range oscillator.

How the William36histogram indicator works

Like the classic Williams' Percent Range oscillator, the William36histogram trading indicator works with levels overbought и oversoldThe bar graphs in the basement of the chart are not lines, but bars corresponding to the tick volume of each candle (bar).

In addition to the classic trend reversal detection using divergence, William36histogram oscillator is convenient because it is fast and shows the reversal for a few moments before the price itself makes the turn.

For the trader's convenience, the peaks of the green bars of the histogram serve as entry points into a short position, and the peaks of the red bars of the histogram serve as entry points into a long position.

According to ForTrader.org experts, William36histogram indicator can be used to build your own system or filter the signals of an existing system, but when used independently it can give a lot of false signals, for which it is recommended to use it in combination with trend indicators.

Download indicator William36histogram

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