Description
Measures overbought and oversold market conditions. In an uptrend, look for oversold signals to establish bullish positions and in a downtrend look for overbought signals to establish bearish positions.
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adaled
Joined on 17.09.2012
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: Williams Percent Range.algo
- Rating: 2.5
- Installs: 3985
- Modified: 13/10/2021 09:55
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Comments
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I don't think this indicator calculates correctly. The levels are not being displayed and WPR is mostly in positive territory.
Definitely a problem with this indicator.
WPR should operate in the range 0 to -100 but this indicator doesn't appear to have limits set so does not show numeric range.