Wilson Relative Price Channel - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource
The channel is based on the classic RSI and shows three zones, including the overbought zone, the oversold zone, and the neutral zone located between the overbought and oversold zones. Suitable for higher timeframes starting daily.
This indicator has 9 input parameters:
Figure 1 WRPC daily chart
Figure 2 WRPC weekly chart
Figure 3 WRPC monthly chart
Attachment download
📎 wrpc.mq5 (18.48 KB)
Source: MQL5 #19883
Wilson Relative Price Channel - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Wilson Relative Price Channel - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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