WPRTrend_x10: Williams Percent Range Across Ten Timeframes
Summary
WPRTrend_x10 displays Williams Percent Range (WPR) readings for ten timeframes in a single indicator. It colors each timeframe’s square according to the oscillator’s position relative to its overbought and oversold thresholds: green above the overbought level, orange below the oversold level, and gray otherwise.
The indicator uses values from the most recently closed bars, so the display reflects completed-bar readings rather than current, still-forming bars. The description explains the color coding and timeframe overview, but provides no threshold values, trading rules, performance evidence, or guidance on how to combine the readings. It is a compact monitoring aid; traders would need to define their own interpretation and test any signal rules.
Key ideas
- The indicator presents WPR readings from ten timeframes in one display.
- Green, orange, and gray squares denote above-threshold, below-threshold, and intermediate readings.
- It uses the most recently closed bar on each timeframe.
- The description supplies no entry rules or performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.