Created by:
Ulterior
Check out the MQL5 version of this handy indicator here.
The PERIOD parameter corresponds to the standard WPR (Williams %R) indicator value.
Example: EUR/USD on M15
Tips for Trading:
- Be cautious: The signal lines for trend reversals aren’t filtered.
- Diversification is key: It’s advisable to use this indicator across multiple timeframes to confirm divergence.
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