WPR Divergence Signals with Candlestick Confirmation
Summary
WPR_DiverSign is a semaphore-style indicator that generates signals from divergence between fast and slow Williams Percent Range oscillators. The divergence is assessed using extreme points across the most recent five bars, then combined with a qualifying candlestick pattern. The document describes the signal’s ingredients but does not specify the exact oscillator settings, divergence thresholds, or candlestick combinations in the text provided.
The material includes references to figures showing the algorithm and indicator, but offers no backtest, trade examples, or performance evidence. It is therefore a brief description of a technical signal concept rather than a complete trading method. Reproducing or evaluating it would require the original indicator specification, clear rules for signal timing, and testing that accounts for execution and risk.
Key ideas
- The indicator compares fast and slow Williams Percent Range oscillators.
- It looks for divergence based on extreme points from the latest five bars.
- A signal also requires a suitable candlestick combination.
- The description omits detailed settings and provides no backtest or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.