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Published:

2018.08.23 12:48

WPR_HL.mq5 (8.33 KB) view

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WPR HL - Williams’ Percent Range indicator calculated by (High-Low)

The indicator has three input parameters:

Period - calculation period
Overbought - overbought level
Oversold - oversold level

Calculation:

WPR_HL =-100.0 * (Max-HL) / (Max-Min)

where:

HL = High - Low Max, Min are the highest and lowest prices within the Period interval

Fig. 1. WPR HL

Fig. 2. WPR HL as compared to Williams’ Percent Range

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21422

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WPR_HL - indicator for MetaTrader 5