It draws on the main price chart icons indicating clearly the different crosses produced by the William% R oscillator signal as it passes through the overbought, oversold, and intermediate lines.
Allowed customization:
– Position of overbought/oversold lines
– Your prefered icons
– The color of each icon
– Periods to use in William% R
Parameters:
– WilliSignalsOn_Off: It allows you to hide/show the indicator without having to delete / re-add and configure this indicator
– WilliPeriods: Periods to configure the behavior of William% R Oscillator
– OverBoughtLevel: Overbought level, typically at -20.
– OverSoldLevel: Oversold level, typically at -80
– LeaveOverSold: Color of the icon that it is displayed when the indicator signal leaves OverBought area
– DownToUpCrosses50: Color of the icon that it is displayed when the indicator signal crosses from the bottom upwards the -50 line
– EnterOverBought: Color of the icon that it is displayed when the indicator signal crosses to OverBought
– LeaveOverBought: Color of the icon that it is displayed when the indicator signal crosses from OverBought and leaves that area
– UpToDownCrosses50: Icon color that it is displayed when the indicator signal crosses the -50 line from top to bottom
– EnterOverSold: Color of the icon that it is shown when the indicator signal crosses to OverSold area
– LOSWindingCode: (Leave OverSold) icon that it is displayed when the indicator signal leaves OverBought area
– DTUWindingCode: (Down To Up) icon that it is displayed when the indicator signal crosses from the bottom upwards the -50 line
– EOBWindingCode: (Enter OverBought) icon that it is displayed when the indicator signal crosses to OverBought
– LOBWindingCode: (LeaveOverBought) icon that it is displayed when the indicator signal crosses from OverBought and leaves that area
– UTDWindingCode: (UpToDownCrosses50) Icon color that it is displayed when the indicator signal crosses the -50 line from top to bottom
– EOSWindingCode: (EnterOverSold) icon that it is shown when the indicator signal crosses to OverSold area
– IconSize: Size of the icon to use in the graphic window
Where to choose the windings codes: https://docs.mql4.com/constants/objectconstants/wingdings
In the images shown as examples:
– The airplane represents the exits of the overbought zone and oversold
– Arrows pass through the -50 line
– The stars, the entrance of the indicator in the areas of overbought and oversold