VininI WPR FO - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources

Smoothed Larry Williams' percentage range using the inverse Fisher transform .

This indicator generates clear buy and sell signals since its value is close to +1 or -1 most of the time. We should buy when the indicator crosses -0.5 upwards or -0.5 upwards, in case it crossed -0.5 upwards at some time before. When the indicator crosses below 0.5 or below -0.5, we should sell in case it did not cross below 0.5 some time ago.

This indicator uses the SmoothAlgorithms.mqh library class (must be placed in the terminal data folder \MQL5\include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

The indicator was first implemented in MQL4 and published in the code base on May 11, 2009.

Attachment download

📎 smoothalgorithms.mqh (133.8 KB)

📎 vinini_wpr_fo.mq5 (8.33 KB)

Source: MQL5 #519