WPR Overbought Oversold Trading System - Trend Following ...
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Williams Percent Range (WPR) Forex Indicator Explained
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Williams Percent Range Indicator, %R Williams Percent Range indicator review Williams Percent Range, %R (fig. 1) is developed by a celebrated trading theorist and expert Larry Williams (not to be confused with Bill Williams) in 1973. The indicator shows the level of oversold/overbought market on the position of the current closing price in the... WPR Overbought Oversold Trading System is a scalping strategy that offers both trend-following and swing trading options. It applies multiple indicators in order to define the market trend and the overbought/oversold condition at the same time. With the WPR indicator, the Price Action patterns work well, such as doji, rails, absorption model, inner bar, pin bar and others. Regarding the choice of the timeframe, when working on PA, the D1 and H1 periods are best suited. In addition, the WPR indicator proves itself perfectly when scalping and pipsing. Conclusion WPR Histogram Vol MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data. WPR Histogram Vol MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. The “Williams Percent Range”, or “%R”, indicator is a popular member of the “Oscillator” family of technical indicators. Larry Williams created the %R oscillator along the same lines as the Stochastics indicator, but without the “smoothing” component and with a reversed scale.
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