Williams Percent Range Indicator with Selectable Price Inputs

Summary

This brief description introduces a Williams Percent Range indicator, commonly called WPR, that can calculate from a selected price series: close, high, or low. The main practical point is that the input price type is configurable, so the displayed oscillator can be based on different market price fields.

The document identifies the indicator as an MQL4 implementation and gives its original publication date and attribution. It does not explain the WPR formula, interpretation of readings, trading signals, parameter choices, or any evaluation on market data. As a result, it is a note about an indicator implementation and its input option rather than a complete trading method; users would need additional documentation to understand how to apply or validate it.

Key ideas

• The indicator implements Williams Percent Range.
• Its calculation can use close, high, or low prices.
• The text identifies the implementation as originally written for MQL4.
• It provides no signal rules, parameter guidance, or performance evidence.

Tags

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