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Displaying Williams Percent Range Levels Across Multiple Timeframes

Article MQL5 code base
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Summary

WPRValues is an indicator utility that displays Williams Percent Range (WPR) readings for a user-selected period across multiple timeframes. Its text panel can be customized in size and font, and unused timeframes can be hidden. The description says it can show up to ten indicator instances at once.

The panel’s color indicates whether the WPR reading is above an overbought threshold, below an oversold threshold, or between the two. The provided defaults are -20 for the high threshold and -80 for the low threshold, with separate colors for the two extremes and the middle region. This makes the indicator a compact way to compare oscillator readings across timeframes, but the document does not define an entry or exit strategy, provide performance evidence, or explain how to validate these levels for a particular market.

Key ideas

  • The indicator displays Williams Percent Range readings for selected timeframes in a text panel.
  • Users can customize the panel’s font and size and hide timeframes they do not use.
  • Color coding distinguishes readings above, below, or between configured thresholds.
  • The description provides default overbought and oversold levels but no trading rules or performance results.

Tags

Technical indicators

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