MT5 WPR (Williams %R) type indicators

1
traderokey wrote: Sat Aug 02, 2025 3:24 am Hi Mrtools,

Please is it possible to convert this WPR indicator to MT5?

Thanks

! Vinini Bb_Ma_Wpr avgs (mtf + alerts + arrows + btn).ex4
Vinini BB MA WPR for MT5

Was able to convert everything except the button, for some reason my button function doesn't work correctly in mt5, need to do more research on it.

PS: For information regarding this indicator as well as the the MT4 version with template, please see here: Vinini BB MA WPR MT4.
These users thanked the author mrtools for the post (total 10):
RodrigoRT7, traderokey, Jimmy, kvak, Cagliostro, Krunal Gajjar, ashdays, boytoy, Abdi, macd & rsi


Re: MT5 WPR (Williams %R) type indicators

3
mrtools wrote: Sat Aug 02, 2025 10:59 am Vinini BB MA WPR for MT5

Was able to convert everything except the button, for some reason my button function doesn't work correctly in mt5, need to do more research on it.

PS: For information regarding this indicator as well as the the MT4 version with template, please see here: Vinini BB MA WPR MT4.
MrTools, thx for the indicator :)
There seem to be a naming issue with the arrows.
the arrows for the exiting the bb zone seem to show the entry of the bb zone.
the arrows that the entering of the bb zone show the exiting of the bb zone.

- the actual exiting arrows also seem on the opposite side of the candles
when the wpr exit the bb zone to the upper side, the arrow is on top of the candle instead of below and vice versa
These users thanked the author Abdi for the post:
mrtools

Re: MT5 WPR (Williams %R) type indicators

4
Abdi wrote: Tue Aug 05, 2025 12:51 am MrTools, thx for the indicator :)
There seem to be a naming issue with the arrows.
the arrows for the exiting the bb zone seem to show the entry of the bb zone.
the arrows that the entering of the bb zone show the exiting of the bb zone.

- the actual exiting arrows also seem on the opposite side of the candles
when the wpr exit the bb zone to the upper side, the arrow is on top of the candle instead of below and vice versa

Inverted arrows.JPG
Hello, if I am remembering right at the time was calling entering the zone was actually entering the ob/os zone and when going back inside the bands as exiting the ob/os zone but can change the wording if you prefer.
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Abdi

Re: MT5 WPR (Williams %R) type indicators

5
mrtools wrote: Tue Aug 05, 2025 1:06 am Hello, if I am remembering right at the time was calling entering the zone was actually entering the ob/os zone and when going back inside the bands as exiting the ob/os zone but can change the wording if you prefer.
Ah ok, the percpective thing :D sorry. I understand.
No, but would it be possible to have a option to change the placement of the "Arrow on Entering BB Zone" Arrow on the candle?
So when the wpr crosses the upper bb band to the upside, that the arrow is place under the candle, and opposite for the lower bb band cross?
maybe a dropdown menu, so people can chose if possible? With a lower bb deviation it could be a good entry in trend direction.


Re: MT5 WPR (Williams %R) type indicators

6
Abdi wrote: Tue Aug 05, 2025 12:51 am MrTools, thx for the indicator :)
There seem to be a naming issue with the arrows.
the arrows for the exiting the bb zone seem to show the entry of the bb zone.
the arrows that the entering of the bb zone show the exiting of the bb zone.

- the actual exiting arrows also seem on the opposite side of the candles
when the wpr exit the bb zone to the upper side, the arrow is on top of the candle instead of below and vice versa

Inverted arrows.JPG
Changed the descriptions to better reflect the crossing of the bands, also noticed I forgot to include the dropdown menu for the second set of arrows.
These users thanked the author mrtools for the post:
Abdi

Re: MT5 WPR (Williams %R) type indicators

7
Abdi wrote: Tue Aug 05, 2025 1:22 am Ah ok, the percpective thing :D sorry. I understand.
No, but would it be possible to have a option to change the placement of the "Arrow on Entering BB Zone" Arrow on the candle?
So when the wpr crosses the upper bb band to the upside, that the arrow is place under the candle, and opposite for the lower bb band cross?
maybe a dropdown menu, so people can chose if possible? With a lower bb deviation it could be a good entry in trend direction.
Yeah, think it would be possible, not sure what to call it in the description though, maybe "trend continuation" or something like that or maybe "trend breakout arrows"!
These users thanked the author mrtools for the post:
Abdi

CandlesticksRe: MT5 WPR (Williams %R) type indicators

9
Abdi wrote: Tue Aug 05, 2025 3:46 am Yeah, "trend continuation" sounds good :)
Vinini BB MA WPR for MT5 with Band Breakout & Trend Continuation options

Added another option for the band breakout trend continuation.
These users thanked the author mrtools for the post (total 6):
Abdi, kvak, Krunal Gajjar, macd & rsi, eduarescobar, Jimmy