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9018

Rating:

(16)

Published:

2019.02.03 14:51

WPR + CCI.mq5 (8.04 KB) view

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Theory :

Found this idea on the net. It was originally made for other trading platform by "capissiomo". The indicator is displaying Williams Percent Range (WPR) and is using same period CCI for confirmation - and that is displayed as a colored background indicating the "trend" of the CCI (when CCI is above 80, bellow -80 or in between). That way you can assess the trend based on two indicators states in this indicator

Usage :

You can use it for signals based on the values and colors

Accumulated volume pressure

McGinley dynamic average

McGinley dynamic average - using one of 4 types of averages

RSI slope divergence - multi time frame version

MACD slope divergence - multi time frame version

Short description.

WPR with CCI - indicator for MetaTrader 5