Volatility Adjustment WPR - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources
This is the volatility-adjusted WPR (Williams Percent Range). The volatility used for adjustment is "simple volatility" (it is not needed, it is already included in the indicator's code)
There are 2 deviations from the original WPR:
PS: An example of why smoothing is necessary for WPR. 3 WPR instances:
Which one on this chart would you use to make trading decisions?
Attachment download
📎 volatility_adjusted_wpr.mq5 (15.3 KB)
Source: MQL5 #22815
Volatility Adjustment WPR - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Volatility Adjustment WPR - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script 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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