WPR Support and Resistance - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
Support/resistance based on WPR (Williams Percent Range).
When an important WPR level (parameter is adjustable) is broken, the indicator will start a new support or resistance on the main chart.
The recommended usage is the same as for all support/resistance indicators: as a horizontal breakout indicator or as a "classic" support/resistance indicator for Stop Loss and Take Profit on positions/orders.
Attachment download
📎 wpr_support_resistance.mq5 (6.57 KB)
Source: MQL5 #20821
WPR Support and Resistance - MetaTrader 5 Script | Foreign Exchange Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
WPR Support and Resistance - 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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