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Published:

2018.09.27 15:18

Williams_Thrust.mq5 (20.91 KB) view

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The signal and information indicator Williams Thrust is based on two Williams' Percent Range indicators with different periods and their average values.

There are five inputs:

First WPR period - first WPR calculation period;
First MA period - first WPR averaging period;
Second WPR period - second WPR calculation period;
Second MA period - second WPR averaging period;
MA method - averaging calculation method.

Calculations:

if FirstWPR > FirstMA and SecondWPR > SecondMA - a Buy signal.
If FirstWPR < FirstMA and SecondWPR < SecondMA - a Sell signal.
Otherwise - neutral value.

where:

FirstWPR = WPR(First WPR period)
SecondWPR = WPR(Second WPR period)
FirstMA = MA(FirstWPR, First MA period, MA method)
SecondMA = MA(SecondWPR, Second MA period, MA method)

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21683

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Williams_Thrust - indicator for MetaTrader 5