WPR and CCI - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Found this idea online. It was originally made by "capissiomo" for other trading platforms. The indicator shows the Williams Percent Range (WPR), confirmed using the CCI of the same period - and is shown with a colored background indicating the CCI's "trend" (when the CCI is above 80, below -80, or in between). This way you can evaluate the trend based on the two indicator states in the indicator
You can use this for value and color based signals
Attachment download
📎 wpr_2_cci.mq5 (8.04 KB)
Source: MQL5 #24465
WPR and CCI - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resource usage and screening suggestions
WPR and CCI - 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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