honje19960321 wrote: Sun May 01, 2022 9:41 pm VininI BB MA

Intrest 1 wrote: Thu May 05, 2022 5:21 am Hello dear coders.
Add arrows to the chart where wpr breaks out of the Bollinger band. And mtf mode pls

Vinini BB MA

Thank you to Honje and Interest for this indicator, this is like an old school WPR with Floating Levels and it's a real gem. More so with the Mrtools upgrade now.

Like Borshchov mentioned, this is a good indicator.

What is the Vinini BB MA WPR indicator?

The Vinini is an oscillator created by Victor Nicolaev that integrates three technical analysis instruments:

• WPR (Williams' Percent Range)
• MA (Moving Average)
• BB (Bollinger Bands)

Its purpose is to deliver a refined momentum oscillator featuring "dynamic bands", which are beneficial for identifying overbought or oversold situations as well as market volatility.

Here is an optimized template which uses a deviation of 1.0 for scalping breakouts for those who are looking to get started with it. For the recently coded version for MT5, please see here: Vinini BB MA WPR for MT5.