HL Cross on WPR indicator in MetaTrader 4 - Free download [TradingFinder]

The HL Crossover of the WPR indicator provides precise trading signals by integrating the Williams Percent Range (WPR) with moving averages and breakouts of high and low market levels.

This multi-layered structure analyzes price movements in a more accurate framework; in addition to showing the WPR value, it also marks breakouts as additional confirmation on the chart.

HL cross of WPR indicator table

The general specifications of the HL cross of the WPR indicator are shown in the table below.

Overview of HL crosses for the WPR indicator

The HL Crossing design of the WPR indicator acts as a simultaneous multi-layer filter.

In this trading tool, first the WPR is analyzed relative to the overbought and oversold zones ; then the moving averages determine the main market trend to give clear direction.

Finally, a breakout of a valid high or low is considered the decisive condition for signaling. Additionally, signals are displayed as arrows and X marks, making entry and exit points clearly visible on the chart.

bullish trend indicator

The chart below shows the CAD/JPY currency pair on a 15-minute time frame.

In a bullish trend, the HL crossover on the WPR indicator activates an entry signal by combining the WPR value with confirmation of a high breakout. The upward blue arrow indicates that buyers are dominant, confirms that the trend is continuing, and highlights areas suitable for buy entries.

Bearish trend indicator

The chart below shows the GBP/USD currency pair on the 15-minute time frame.

In a bearish trend, this indicator becomes active when the WPR value shows buyer weakness and the final conditions confirm a breakout of the low. The downward red arrow indicates the dominance of selling pressure and the beginning of a bearish market phase.

HL cross set by WPR indicator

The following image shows the settings panel of the WPR indicator HL Crossing:

• Counted Bars : Number of candlesticks required by the indicator
• Extremum Period : calculation period of extreme values
• MA Period : moving average period
• Signal Distance : The distance between the signal arrow and the main candlestick
• ATR Period : ATR calculation period
• Multiplier : The indicator’s sensitivity adjustment to ATR
• WPR Period : WPR calculation period
• Higher Line of WPR : Display the upper line of WPR
• Lower Line of WPR : Displays the lower WPR level
• Alerts ON : Enable or disable trading signal alerts
• Message Alert : SMS alert within the MetaTrader platform
• Email Alert : Alert via email
• Sound Alert : Sound alert when signal is given
• Sound File : The audio file name of the alert when enabled

Conclusion

The HL Crossover of the WPR indicator is a composite tool in MetaTrader 4 that generates signals through the overlay of WPR, moving averages and key level breakouts.

Its multi-layer structure improves the accuracy of entry and exit while reducing trading errors. Signals are displayed as arrows and X marks on the chart to provide greater clarity.