HL Cross on WPR indicator in MetaTrader 5 - Free download [TradingFinder]

The HL crossover of the WPR indicator combines the Williams Percent Range (WPR) with moving averages .

This indicator provides an accurate analytical framework by tracking breakouts of market highs and lows. Its multi-layered structure, in addition to displaying WPR values, plots breakouts on the chart as additional confirmation.

HL cross of WPR indicator table

The table below lists the general specifications of the WPR indicator HL crossover.

Overview of HL crosses for the WPR indicator

The HL crossover of the WPR indicator acts as a multi-layered filter for detecting market conditions. In this structure, first check the position of the Williams Percent Range with the overbought and oversold zones .

Moving averages then determine the dominant trend and define overall market direction. Subsequently, a breakthrough of an active high or low level is recorded as the decisive condition for signaling.

Signals are displayed as arrows and X marks, ensuring that entry and exit points are clearly visible on the chart.

bullish trend indicator

The chart below shows the global gold index (XAU/USD) on the 4-hour time frame.

In a bullish trend, the WPR indicator's HL crossover generates an entry signal by combining the Williams Percent Range value with confirmation of a breakout higher. The upward blue arrow reflects buyer dominance, confirms movement along the current trend, and highlights areas suitable for buy entries.

Bearish trend indicator

The chart below shows the EUR/AUD currency pair on the 15-minute time frame.

In a bearish trend, the WPR indicator's HL crossover signals when the Williams Percent Range highlights buyer weakness and a breakout of the lows is confirmed as the final condition. The downward red arrow indicates that selling pressure is dominant and highlights the beginning of a bearish market phase.

HL cross set by WPR indicator

The image below shows the HL Cross settings for the WPR indicator in MetaTrader 5:

• Counted Bars : Number of candlesticks required by the indicator
• Extremum Period : calculation period of extreme values
• MA Period : moving average period
• Signal Distance : The distance between the signal arrow and the main candlestick
• ATR Period : The calculation period of the indicator
• Multiplier: adjust the sensitivity of the indicator to AT
• WPR Period : WPR calculation period
• Higher Line of WPR : Display the upper line of WPR
• Lower Line of WPR : Displays the lower WPR level
• Alerts ON : Enable or disable signal alerts
• Message Alert : SMS alert within the MetaTrader platform
• Email Alert : Alert via email
• Sound Alert : Sound alert when a signal is generated
• Sound File : The audio file name of the alert when enabled

Conclusion

The HL Cross of the WPR indicator in MetaTrader 5 works as a composite tool that generates signals based on the overlap of Williams percentage ranges, moving averages and key breakout levels.

Its multi-layer structure improves the accuracy of entry and exit while reducing the possibility of trading errors.