Author: FX5
The FX5 Self-Adjusting WPR Indicator is a powerful tool that combines the Williams Percent Range (WPR) oscillator with Bollinger Bands to clearly demarcate overbought and oversold areas. This can help traders make more informed decisions in their trading strategies.
Indicator Input Parameters:
- Length:
input uint Length = 12;// WPR period - BandsDeviation:
input double BandsDeviation = 2.0;// Deviation for the Bollinger Bands - MA_Method:
input bool MA_Method = true;// Use smoothing for Bollinger Bands - Shift:
input int Shift = 0;// Horizontal indicator shift in bars
Fig.1. The FX5_SelfAdjustingWPR indicator
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