Williams’ Percent Range oscillator displayed as a color histogram, using volumes.
WPR Histogram Vol = ( WPR + 50) * Volume
For quite understandable reasons, the recalculation of overbought and oversold levels in such a modified oscillator should be performed using the same formula. In the final version, these levels are no longer permanent. Two levels with the appropriate breakout indication were used.
input int HighLevel2=+20; // overbought level 2 input int HighLevel1=+15; // overbought level 1 input int LowLevel1=-15; // oversold level 1 input int LowLevel2=-20; // oversold level 2
In the indicator input parameters, these levels are shifted by the levels of 50 of the source WPR, and then multiplied by volumes at each indicator tick.
Fig. 1. WPR_Histogram_Vol
Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/22393
The indicator defines Harami patterns and features alerts, emails and push notificationsWPR_Histogram_Vol_HTF
WPR_Histogram_Vol indicator with the timeframe selection option available in input parameters
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Three independent trading systems using Skyscraper_Fix, ColorAML and X2MACandle indicators within a single EA with an ability to change the volume of a forthcoming trade depending on the results of the previous trades for this trading system