Smoothed WPR with Floating Levels - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
How to smooth this WPR is described here: Smoothing WPR
To make working with the indicator easier, this version adds floating levels. Based on these float levels you can use 3 color changing modes
You can use color changes as signals
A “big picture” example. It is recommended to conduct some experiments with these parameters before using them in trading decisions
Attachment download
📎 smoothed_wpr_nflh.mq5 (10.66 KB)
Source: MQL5 #24215
Smoothed WPR with floating levels - MetaTrader 5 script | Forex indicator download - MT4/MT5 resource usage and screening recommendations
Smoothed WPR with floating levels - MetaTrader 5 script | Forex indicator download - MT4/MT5 resources are Forex 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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