Multi-Williams Percent Range trend indicator – indicator MetaTrader 5

This is the modified version of Position in channel indicator.

The indicator calculates the values, similar to “Williams Percent Range” for 5 different periods. The values are plotted as a histogram. The histogram forms different patterns at different stages of the trend.

Input parameters:

  • TMode – mode: 0 – fast, 1 – normal, 2 – slow;
  • InpXCoord – the horizontal shift relative to the lower left corner;
  • InpYCoord – the vertical shift relative to the lower left corner.

Three sets of periods are used:

  • Fast – 30, 15, 10, 8, 6;
  • Normal – 60, 30, 20, 15, 12;
  • Slow – 120, 60, 40, 30, 24.

VDirection



📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks