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The Williams’ Percent Range (%R) indicator drawn using a tick chart. After launching it, wait for enough ticks to come.
Parameters:
- WPR Period – period of the indicator.
- Overbuying level – overbought level.
- Overselling level – oversold level.
- price mode – choice of prices under calculation (can be bid, ask or average).
- Сalculated bar – number of bars for the indicator calculation.
The following parameters are intended for adjusting the weight of WPR signals (from 0 to 100). You can find their description in the Signals of the Williams Percent Rangesection of MQL5 Reference.
- The oscillator has required direction.
- Reverse behind the level of overbuying/overselling.
- Divergence of the oscillator and price.
Buffer indexes: 0 – WPR, 1 – SIGNAL_UP, 2 – SIGNAL_DOWN.
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