WTR Dynamic Trend Ranges

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The WTR Dynamic Range Indicator is a powerful and deeply customizable range indicator that takes in account the average upward and downward movement of the price in the past trading days. 

This fully customizable indicator can be setted for a lot of uses and cases: 

• Trend trading on level breakouts 
• Spotting high probability targets for Take Profits
• Setting a multiple targets for position scaling out 

The WTR Dynamic Range Indicator calculates the average movements in the long side, then plot 4 projections of a percentage of this average.  In the same ways it will plot the short side of the starting price.

The first part of the indicator settings let you customize: 

STARTING PRICE: choose between the day open price, the average price, the median price, the typical price and the weighted price to start plotting your ranges.

RANGE PERCENTAGE: choose the percentage of the range you want to plot both in the long side and in the short side 

DAYS FOR AVERAGING: chose a longer day averaging   

Then you can deeply trasnform the appearence, making the indicator: 

SHOWING LABELS: turn on or off the labels 

SHOW PRICE LEVELS OR POINT RANGES: show the levels data in the way you like most

CUSTOMIZE COLORS: match your charting style with colors for dark or light themes 

Never lose a signal 

A powerful alert companion to spot every breakout of the levels, only in the trend direction (wich is strong reccomended) 

Activate or deactivate COMMENTS, PUSH NOTIFICATIONS, PLATFORM ALERTS and MAIL ALERTS,  choose also: 

BREAKOUT CANDLE TIMEFRAME: spot your most liked Time frame to confirmation breakout candles. 

DELAY BETWEEN ALERTS: too many notifications? Set a delay to bypass some of them! 


FULL VERSION! To evaluate the product, try the demo or the free version (WORKING ONLY ON EURUSD) AVAILABLE HERE:  https://www.mql5.com/en/market/product/49016/


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Produly developed by www.automazionetrading.com

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--->  Check all the other products  <--- The Multi Time Frame Chandelier Channel is a good synthesis of the chandelier trailing stop and let you analyze the trend.  Enter when the price breaks one of the two lines, then trail using the opposite line.  Ideal for scalping, entering after the dot appears.  Plenty of customization:  Choose the lookback period, the longer, the slower Choose the Time Frame to use (must be greater or equal your chart TF  Play around with the options to get the opti
--->  Check all the other products  <--- The Engulfing Candles Screener is a deeply customizable dashboard.  You can chose a trend filter, using 2 EMAs, with custom periods applied on a custom TimeFrames Then you can choose 3 timeframes to search, any TimeFrame is suitable and the screener will find the engulfing candles in the selected timeframe.  3 Timeframes to scan All the major forex pairs and crosses - up to 28 symbols Deeply Customizable How to setup the screener:  Let the crosses visib
--->  Check all the other products  <--- The Candle Bias is a coloring indicator that doesn't take account of the close price of the bars.  It will color the candle in the bearish color (of your choice) if the downard range is greater than the upward range.  Conversely, it will color the candle in the bullish color of your choice if the upward range is greater than the downward range.  This is a major helper for Multi Time Frame analysis, it works on every security and every Time Frame. You ca
The pair strenght panel make easy to see the overall performance of the base and the quote currencies.  It can analyze Daily performance, Weekly performance and Monthly performance.  Seamlessly and without any further input option, it splits the cross in the two currency and analyze the performance of each one:  for example, if it's attched to an AUD/CHF chart, it will report the AUDCHF percentage variation and the composite percentage variation of the whole AUD basket against the other 6 curre
Use a plain google sheet to license your product After years of developing trading software, I noticed the lack of a simple and cheap system to license the software to your customer.  Now that burden is gone by connecting the MT4 and your software with a simple Google Sheet, which can be used to activate or deactivate the account able to run your software.  With a minimum setup you'll be able to compile your software and distributing it without the fear of being spoiled by hackers or bad people
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