WPRfast: A Williams Percent Range Indicator for Fast Trends
Summary
WPRfast is described as a semaphore-style indicator built from Williams’ Percent Range oscillator. Its stated purpose is to identify fast trends, making it a trend-detection tool based on an existing momentum oscillator. The document provides no calculation rules, signal thresholds, or examples of how traders should enter or exit positions, so the precise method cannot be reconstructed from this description alone.
The indicator was first implemented in MQL4 and published in 2006. No performance results, market coverage, or testing evidence are given. The text also does not explain how the indicator handles false signals, changing volatility, or sideways markets. It is therefore useful mainly as a brief introduction to the indicator’s intent and historical origin, rather than as a complete trading system or an evaluation of its effectiveness.
Key ideas
- WPRfast uses Williams’ Percent Range as the basis for its signals.\nIt is presented as a semaphore indicator for identifying fast trends.\nThe description gives no signal rules or evidence of trading performance.\nIts first implementation was in MQL4 and appeared in 2006.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.