Smoothed WPR with floating levels - indicator for MetaTrader 5

by Mladen Rakic

original post here: https://www.mql5.com/en/code/24215

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