Name: WPRSI signal
Rating: 4.1 (20 reviews)
Author: Nikolay Kositsin

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Published by:

Nikolay Kositsin

Views:

12663

Rating:

(20)

Published:

2011.12.02 12:07

Updated:

2016.11.22 07:32

wprsisignal.mq5 (6.74 KB) view

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Real author:

gumgum

The indicator gives trading signals using colored arrows on a chart. The signals are based on the WPR (Williams’ Percent Range) and RSI (Relative Strength Index) technical indicators.

In case the conditions for buying are fulfilled (when WPR >-20 and RSI > 50), lime up arrows are shown, in case the conditions for selling are fulfilled (WPR < -80 and RSI < 50) magenta down arrows appear.

Input parameters:

WPRSIperiod - period for WPR and RSI;
filterUP - depth of WPR > -20 crossing verification;
filterDN - depth of WPR < -80 crossing verification.

This indicator was first implemented in MQL4 and published in CodeBase at mql4.com 05.09.2009.

WPRSI signal

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/599

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