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Using a Higher-Timeframe Williams Percent Range Signal Display

Article MQL5 code base
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Summary

The METRO_WPR_HTF_Signal indicator displays trend direction or a trade signal generated by the METRO_WPR_Sign indicator, calculated on a selected timeframe. A round symbol marks continuation of the current trend at the chosen bar; a directional arrow marks a change in trend and indicates the trade direction. The tool can also issue alerts or sound notifications when signals occur.

Its inputs cover the underlying signal calculation, chart appearance, and alert behavior. The calculation settings include the asset, timeframe, Williams Percent Range period, and fast and slow step sizes. The display settings control the signal bar, colors, labels, size, and chart placement. The document explains how to distinguish the visual markers but does not provide the underlying signal formula, entry or exit rules, or evidence of trading performance. It should therefore be treated as a signal-display utility whose usefulness depends on the underlying indicator and independent evaluation, rather than as a validated standalone strategy.

Key ideas

  • The indicator visualizes trend continuation and direction changes from a METRO_WPR_Sign signal on a selected timeframe.
  • A round marker represents continuation, while an arrow indicates a change and its trade direction.
  • Users can configure the asset, timeframe, Williams Percent Range period, and fast and slow steps.
  • Separate settings control chart markers and optional sound or alert notifications.
  • The document provides no signal-validation results or complete trading rules.

Tags

Technical indicatorsTrend following

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