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WPR Indicators for MT4

#1
WPR = Williams Percent Range; also known as Williams %R.
It was developed by Larry Williams and the momentum indicator compares
the last closing price to the high-low range over a specific period. Most people use WPR (14).

The indicator is very similar to the Stochastic oscillator.
In fact, if you invert the %R line, it will have the EXACT SAME LINE as Stochastic’s %K line!
This is why Williams %R uses the 0 to -100 scale while Stochastic is scaled from 0 to 100.

A reading above -20 is OVERBOUGHT.
A reading below -80 is OVERSOLD.
An overbought or oversold signal does NOT guarantee that the price will reverse.
WPR OBOS alerts mtf.mq4
(7.72 KiB) Downloaded 377 times
metatrader-symbols2.gif
AUDUSDM15_20200124d.png
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)


Re: WPR Indicators for MT4

#3
WPR + 3 Moving Averages in the same window.
From Russia with love.
WPR +3 MA TT.mq4
(10.08 KiB) Downloaded 258 times
USDCADM15_20200124a.png
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)


Re: WPR Indicators for MT4

#6
Please download this new version.
The mtf arrows were not in correct positions.
It was like that when I first found this indicator.
Thank you.

Also, I manage to make "WPR bars OnChart smooth arrows alerts 2.01.mq4"
M5 WPR onchart arrows alerts.tpl
(105.98 KiB) Downloaded 211 times
WPR OnChart smooth arrows alerts 2.01.mq4
(21.85 KiB) Downloaded 295 times
WPR bars OnChart smooth arrows alerts 2.01.mq4
(21.78 KiB) Downloaded 277 times
EURUSDM5_20200124h.png
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)

Re: WPR Indicators for MT4

#7
Below is the formula of the %R indicator calculation, which is very similar to the Stochastic Oscillator formula:

%R = -(MAX (HIGH (i - n)) - CLOSE (i)) / (MAX (HIGH (i - n)) - MIN (LOW (i - n))) * 100

Where:

CLOSE (i) — today's closing price;
MAX (HIGH (i - n)) — the highest maximum over a number (n) of previous periods;
MIN (LOW (i - n)) — the lowest minimum over a number (n) of previous periods.
ZigZag WPR.mq4
(16.15 KiB) Downloaded 193 times
AUDCADH1_20200212a.png
To Reduce CPU and RAM usage -- MT4 > Tools > Options > Chart --->> Decrease "max bars in history" and "max bars in chart" (My setting is 5000)

Re: WPR Indicators for MT4

#8
Banzai wrote:
Sun Jan 26, 2020 3:17 am
Please download this new version.
The mtf arrows were not in correct positions.
It was like that when I first found this indicator.
Thank you.

Also, I manage to make "WPR bars OnChart smooth arrows alerts 2.01.mq4"
Thank you for the different variants of WPR.
It is one of my favorites on my chart.
Can you set the arrows on the indi 'WPR OnChart smooth arrows alerts 2.01.mq4' so that the size is adjustable.
thank you
Trade what you see, not what you think

Re: WPR Indicators for MT4

#9
Banzai wrote:
Fri Jan 24, 2020 4:48 pm
WPR + 3 Moving Averages in the same window.
From Russia with love.
i test it WPR +3 MA TT.mq4 in renko charts example in 40 pips block and it is working ..
i test it it seems working in 15 min and 30 min also

but at 1 h and above shows nothing with an error "out of range"
can you fix it please

Re: WPR Indicators for MT4

#10
Banzai wrote:
Wed Feb 12, 2020 2:30 pm
Below is the formula of the %R indicator calculation, which is very similar to the Stochastic Oscillator formula:

%R = -(MAX (HIGH (i - n)) - CLOSE (i)) / (MAX (HIGH (i - n)) - MIN (LOW (i - n))) * 100

Where:

CLOSE (i) — today's closing price;
MAX (HIGH (i - n)) — the highest maximum over a number (n) of previous periods;
MIN (LOW (i - n)) — the lowest minimum over a number (n) of previous periods.
Haha, very neat bro. Zig Zag's are still very useful for trading and you've revived my interest in them again :thumbup:
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