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Smoothed WPR with floating levels and on chart support / resistance levels - indicator for MetaTrader 5
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- 7536
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- Published:
- 2019.01.18 20:56
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Theory :
The way how this WPR is smoothed is described here : Smoothed WPR
In order to enable simpler usage of that indicator, this version is adding floating levels. You can use, depending on those floating levels, 3 modes of color changes
- color change on outer levels cross
- color change on middle (sort of zero line) cross
- color change on slope change
Also, this version is displaying a sort of support / resistance levels on the main chart when the signal of the wpr changes
Usage :
You can use color changes as signals
Smoothed WPR with floating levels
Smoothed WPR with floating levels
Smoothed WPRSmoothed Williams percent range