UltraWPR_HTF Indicator For MT5

UltraWPR_HTF Indicator For MT5

The UltraWPR_HTF Indicator For MT5 is mostly famous for its different time frame selection options. The Ultra WPR higher time frame tool can show you the exact place when the buyers or the sellers start losing their strength. The critical level for the buyers is marked with the number 8 since they start losing the velocity.

For the sellers, the prime level is marked with the number 2. After the reading of the indicator hit the number 2, the buyers slowly take control of the trend. The olive color cloud is formed after the buyers gain control and the lavender color cloud shows the control of the sellers. But the coloration is not the only way by which you can place your trade. You should have the analytical ability to find critical support and resistance in a 4-hour time frame and above.

After finding the SR zone, look for the signals. Once the trade setup is confirmed, use the indicator to filter the false signals. But avoid taking the reading from this indicator on critical political news as it can cause massive swings in price.

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Installing the UltraWPR_HTF Indicator For MT5

After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file ultrawpr_htf.mq5 into the folder MQL5\Indicators of your MT5 installation. After that please restart MT5 and then you will be able to see the indicator in the list of indicators.

Parameters of the UltraWPR_HTF Indicator For MT5

The UltraWPR_HTF Indicator For MT5 has 17 parameters to configure.

input ENUM_TIMEFRAMES TimeFrame=PERIOD_H4;   // Indicator chart period
input int WPR_Period=13;                     // WPR indicator period
input Smooth_Method W_Method=MODE_JJMA;      // Method of averaging
input int StartLength=3;                     // Initial averaging period
input int WPhase=100;                        // Averaging parameter
input uint Step=5;                           // Period change step
input uint StepsTotal=10;                    // Number of period changes
input Smooth_Method SmoothMethod=MODE_JJMA;  // Smoothing method
input int SmoothLength=3;                    // Smoothing depth
input int SmoothPhase=100;                   // Smoothing parameter (-100..+100)
input uint UpLevel=80;                       // Overbought level (%)
input uint DnLevel=20;                       // Oversold level (%)
input color UpLevelsColor=Blue;              // Overbought level color
input color DnLevelsColor=Blue;              // Oversold level color
input STYLE Levelstyle=DASH_;                // Style of the levels
input WIDTH  LevelsWidth=Width_1;            // Depth of the levels
input int    Shift=0;                        // Horizontal shift of the indicator in bars

Buffers of the UltraWPR_HTF Indicator For MT5

The UltraWPR_HTF Indicator For MT5 provides 1 buffers.

SetIndexBuffer(Number,Buffer,INDICATOR_DATA);

Main Parts Of The Code

int OnCalculate(const int rates_total,    // number of bars in history at the current tick
                const int prev_calculated,// amount of history in bars at the previous tick
                const datetime &time[],
                const double &open[],
                const double &high[],
                const double &low[],
                const double &close[],
                const long &tick_volume[],
                const long &volume[],
                const int &spread[])
  {
//--- checking if the number of bars is enough for the calculation
   if(rates_total lt min_rates_total) return(RESET);
   if(BarsCalculated(Ind_Handle) lt Bars(Symbol(),TimeFrame)) return(prev_calculated);
//--- indexing elements in arrays as in timeseries  
   ArraySetAsSeries(time,true);
//---
   if(!CountIndicator(0,Symbol(),TimeFrame,Ind_Handle,0,Ind1Buffer,1,Ind2Buffer,
                           time,rates_total,prev_calculated,min_rates_total)) return(RESET);
//---     
   return(rates_total);
  }
//---
//+------------------------------------------------------------------+
//| Indicator buffer initialization                                  |
//+------------------------------------------------------------------+    
void IndInit(int Number,double &Buffer[])
  {
//--- Set dynamic array as an indicator buffer
   SetIndexBuffer(Number,Buffer,INDICATOR_DATA);
//--- Indexing elements in the buffer as in timeseries
   ArraySetAsSeries(Buffer,true);
//---
  }
//+------------------------------------------------------------------+
//| CountLine                                                        |
//+------------------------------------------------------------------+
bool CountIndicator(uint     Numb,            // The number of the CountLine function in the list in the indicator code (starting number - 0)
                    string   Symb,            // Chart symbol
                    ENUM_TIMEFRAMES TFrame,   // Chart period
                    int      IndHandle,       // The handle of the processed indicator
                    uint     UpBuffNumb,      // The number of the buffer of the processed indicator for an uptrend
                    double&  UpIndBuf[],      // Receiving buffer of the indicator for an uptrend
                    uint     DnBuffNumb,      // The number of the buffer of the processed indicator for a downtrend
                    double&  DnIndBuf[],      // Receiving buffer of the indicator for a downtrend
                    const datetime& iTime[],  // Timeseries of time
                    const int Rates_Total,    // Amount of history in bars on the current tick
                    const int Prev_Calculated,// amount of history in bars at the previous tick
                    const int Min_Rates_Total)// minimum amount of history in bars for calculation
  {
//---
   static int LastCountBar[SIZE];
   datetime IndTime[1];
   int limit;
//--- calculations of the necessary amount of data to be copied
//--- and the  limit  starting index for the bars recalculation loop
   if(Prev_Calculated gt Rates_Total || Prev_Calculated lt =0)// Checking for the first start of the indicator calculation
     {
      limit=Rates_Total-Min_Rates_Total-1; // Starting index for calculation of all bars
      LastCountBar[Numb]=limit;
     }
   else limit=LastCountBar[Numb]+Rates_Total-Prev_Calculated; // Starting index for calculation of new bars 
//--- main indicator calculation loop
   for(int bar=limit; bar gt =0 && !IsStopped(); bar--)
     {
      //---- reset the contents of the indicator buffers for calculation
      UpIndBuf[bar]=EMPTYVALUE;
      DnIndBuf[bar]=EMPTYVALUE;

      //---- Copy new data to the IndTime array
      if(CopyTime(Symbol(),TFrame,iTime[bar],1,IndTime) lt =0) return(RESET);

      if(iTime[bar] gt =IndTime[0] && iTime[bar+1] lt IndTime[0])
        {
         LastCountBar[Numb]=bar;
         double Arr[1];

         //--- Copy new data to the Arr array
         if(CopyBuffer(IndHandle,UpBuffNumb,iTime[bar],1,Arr) lt =0) return(RESET); UpIndBuf[bar]=Arr[0];
         if(CopyBuffer(IndHandle,DnBuffNumb,iTime[bar],1,Arr) lt =0) return(RESET); DnIndBuf[bar]=Arr[0];
        }
      else
        {
         UpIndBuf[bar]=UpIndBuf[bar+1];
         DnIndBuf[bar]=DnIndBuf[bar+1];
        }
     }
//---     
   return(true);
  }
//+------------------------------------------------------------------+
//| TimeFramesCheck()                                                |
//+------------------------------------------------------------------+    
bool TimeFramesCheck(string IndName,
                     ENUM_TIMEFRAMES TFrame) //Indicator 1 chart period (smallest timeframe)
  {
//--- Checking correctness of the chart periods
   if(TFrame lt Period() && TFrame!=PERIOD_CURRENT)
     {
      Print("Chart period for the "+IndName+" indicator cannot be less than the period of the current chart!");
      Print ("You must change the indicator input parameters!");
      return(RESET);
     }
//---
   return(true);
  }
//+------------------------------------------------------------------+

 

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