UltraWPR Higher-Timeframe Trend Signals and Alerts
Summary
This document describes a chart indicator that displays trend direction and trade signals derived from the UltraWPR indicator on a selected bar. It uses a colored background: pale shades mark trend continuation, while brighter shades distinguish buy and sell signals. The indicator can also issue alerts, play sounds, and send smartphone push notifications when a signal appears. Its settings cover the session display, the underlying indicator’s symbol and timeframe, WPR period and smoothing, label appearance, and alert behavior.
The document cautions that signals on the current, still-forming bar can change or disappear, so sound and push notifications are intended for a selected bar beyond the current one. It also notes that multiple instances on one chart need distinct label names. No performance results, trading rules beyond the displayed signal, or evidence of profitability are provided; this is an indicator description rather than a tested strategy.
Key ideas
- The indicator visualizes UltraWPR trend direction and trade signals with colored chart backgrounds.
- Pale colors represent trend continuation, while brighter colors identify trade direction.
- Signals can generate alerts, sounds, and smartphone notifications for a selected bar.
- Current-bar readings may change before the bar closes, making them unstable for notifications.
- Separate indicator instances on one chart require distinct label names.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.