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Combining Williams Percent Range with CCI Confirmation

Article MQL5 code base
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Summary

This indicator combines Williams Percent Range (WPR) with the Commodity Channel Index (CCI) to help assess market conditions. It uses the same period for both indicators and displays WPR alongside a background color representing whether CCI is above 80, below -80, or between those thresholds. The suggested approach is to interpret the WPR value together with the CCI color when considering signals.

The document gives no entry or exit rules, tested results, or guidance on choosing a period. It describes the background as indicating a CCI “trend,” but does not explain how that label should be interpreted or whether the combined signals improve performance. Treat this as a basic indicator concept rather than a validated trading strategy; further testing and risk controls would be needed before using it to trade.

Key ideas

  • The indicator displays Williams Percent Range alongside a same-period Commodity Channel Index.
  • CCI zones above 80, below -80, and between the thresholds are shown with different background colors.
  • The proposed use is to consider WPR readings together with the CCI state when assessing signals.
  • The document provides no specific trading rules or performance evidence.

Tags

Technical indicators

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.