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2012.05.03 14:07
Indicators

Multi-Williams Percent Range trend indicator - indicator for MetaTrader 5

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vdirection.mq5 (11.33 KB)view

This is the modified version of Position in channel indicator.

The indicator calculates the values, similar to "Williams Percent Range" for 5 different periods. The values are plotted as a histogram. The histogram forms different patterns at different stages of the trend.

Input parameters:

  • TMode – mode: 0 - fast, 1 - normal, 2 - slow;
  • InpXCoord - the horizontal shift relative to the lower left corner;
  • InpYCoord - the vertical shift relative to the lower left corner.

Three sets of periods are used:

  • Fast – 30, 15, 10, 8, 6;
  • Normal – 60, 30, 20, 15, 12;
  • Slow – 120, 60, 40, 30, 24.

VDirection


Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/890

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