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  • Reviews (4)
  • Comments (6)
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VAWpr

4

The modified Williams' Percent Range indicator. The indicator calculation equation (%R = (MAX (HIGH (i — n)) — CLOSE (i)) / (MAX (HIGH (i — n)) — MIN (LOW (i — n))) * 100) is left intact. Smoothing is added and the range of fluctuations of the indicator is changed. Now the indicator fluctuates in the range from -50 to 50. Overbought/oversold levels are set to 40 and -40, as well as one more significant level 0 is added.


Indicator Parameters

  • WPR Period - period of the indicator;
  • Averaging period - smoothing period;
  • Alert - enable/disable alerts;
  • Signal level 1 - 1 level of the indicator, when it is reached an alert is generated;
  • Signal level 2 - 2 level of the indicator;
  • Signal level 3 - 3 level of the indicator.
Reviews 4
Valentin Butorin
3963
Valentin Butorin 2020.10.18 14:23 
 

Not bad

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This indicator helps the trader to identify the momentum of the price, and also calculates its strength relative to the average true range of price movement (ATR). The indicator will be an indispensable assistant for traders using the "Sniper" strategy in their trading, in which so-called "impulse levels" are used for trading. There is also a similar version of the indicator for MT4. Parameters: Average Period - The averaging period; Alert Force - Set the warning to the trader. If the value of
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Valentin Butorin
3963
Valentin Butorin 2020.10.18 14:23 
 

Not bad

[Deleted] 2019.12.26 08:28 
 

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sunnychow
8691
sunnychow 2018.12.15 17:56 
 

Thanks for sharing

Maksym Mudrakov
25942
Maksym Mudrakov 2016.08.31 18:16 
 

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Reply to review
Version 1.1 2017.01.31
Added the ability to generate alerts in case the indicator value crosses the levels specified in the parameters.