Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
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Today I am bringing to you my interpretation of the Haos Visual Oscillator with a trend which is derived from two Williams R% indicators smoothed by T3. I have been inspired by this idea in the following post.
Is a pretty unique indicator indeed that due to its smoothing provide nice entries. Your Entry signal is when the histogram, which is the longer term willy is green that signalizes strong bullish momentum. If you then receive a momentum change which is the dot on the short willy or you breach the -30 to -40 area it is a strong buy signal.
Also, this is my first V4 Script thanks to Tradingview to adding to the platform :)
Just wondering if anyone knows how to add an alert to the script for when a dot appears. The script is really good but the alerts options are a bit strange.
the220hq
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Hello,
I check the original script from your link. I see that 50 is added after make T3 smooth. Is there any different between adding before and after smoothing? And why should we calculate William's %R but not call the William's %R built-in function?
Thanks!
RAZNET
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Great Study! Thank you.
leonqiu
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nice work,thanks a lot!!!
montyjus
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love this man, I was wondering if it repainted
QuantTherapy
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@montyjus, hey mate no it is not repainting. I avoided using the security function. Only thing you have to acknowledge is that during a life of a big candle that state of the signal can change. You are buying ont the next candle open when the signal is still visible. Also you can ask other pinescripters I am sure they will tell you this is normal a it is not repainting that is why it is open source.
aes0n
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i love this indicator! not only does it look pretty but it does its job very well... thanks!