%R Trend Exhaustion + Bottom et TOP

Indicator Description

This indicator identifies bullish reversal zones (Bottoms) using the Williams %R, combining momentum structure with trend context.

A Bottom signal is displayed as a blue dot on the price chart when the following conditions are met:

the overall trend is bullish (fast Williams %R above slow Williams %R),

the fast Williams %R (21) exits the oversold zone by crossing above the −80 level,

the previous momentum was weaker, indicating a gradual improvement in momentum.

The indicator is designed to highlight potential entry points after bearish exhaustion, favoring setups where selling pressure fades within an existing bullish structure.