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MetaTrader 5 / Indicateurs

Smoothed WPR with floating levels - indicateur pour MetaTrader 5

Mladen Rakic
5869
(12)

Theory :

The way how this WPR is smoothed is described here : Smoothed WPR

In order to enable simpler usage of that indicator, this version is adding floating levels. You can use, depending on those floating levels, 3 modes of color changes

  • color change on outer levels cross
  • color change on middle (sort of zero line) cross
  • color change on slope change

Usage :

You can use color changes as signals


PS:

One "big picture" example. Some experimenting with the parameters is advised prior to using it in trading decisions