Multi-Williams Percent Range Trend Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource
This is an indicator of the modified version 's position in the channel .
The indicator calculates 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:
Three sets of cycles are used:
Attachment download
📎 vdirection.mq5 (11.33 KB)
Source: MQL5 #890
Multi-Williams Percent Range Trend Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Multi-Williams Percent Range Trend Indicator - MetaTrader 5 Script | Forex 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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