UltraWPR Indicator For MT5
The UltraWPR Indicator For MT5 displays a customized version of the Williams Percent Range (WPR) oscillator in a colored cloud format. The color and width of the cloud depict the trend direction and trend strength, respectively. If the WPR detects an underlying bullish trend, the cloud is painted Lime Green, while a bearish trend generates a Magenta colored cloud. 8.00 is marked as the overbought level, while 2.00 represents the oversold level. An additional smoothing algorithm has been applied to the indicator calculation to filter out market noise. Basic trading signals generated by the UltraWPR Indicator For MT5 are explained below: 1. Go long when the cloud color changes from Magenta to Lime Green. 2. Enter short when the cloud color switches from Lime Green to Magenta.
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Installing the UltraWPR 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.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 Indicator For MT5
The UltraWPR Indicator For MT5 has 15 parameters to configure.
input int WPR_Period=13; // WPR indicator period
input Smooth_Method W_Method=MODE_JJMA; // Smoothing method
input int StartLength=3; // Initial smoothing period
input int WPhase=100; // Smoothing 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
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_; // Levels style
input WIDTH LevelsWidth=Width_1; // Levels width
Buffers of the UltraWPR Indicator For MT5
The UltraWPR Indicator For MT5 provides 2 buffers.
SetIndexBuffer(0,BullsBuffer,INDICATOR_DATA);
SetIndexBuffer(1,BearsBuffer,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,// number of bars calculated at previous call
const datetime &time[],
const double &open[],
const double& high[], // price array of maximums of price for the indicator calculation
const double& low[], // price array of minimums of price for the indicator calculation
const double &close[],
const long &tick_volume[],
const long &volume[],
const int &spread[])
{
//---- checking the number of bars to be enough for the calculation
if(BarsCalculated(WPR_Handle) lt rates_total
|| rates_total lt min_rates_total)
return(RESET);
//---- declaration of local variables
int to_copy,limit,bar,maxbar1,maxbar2;
double WPR[],upsch,dnsch;
//---- calculation of maxbar initial index for the XMASeries() function
maxbar1=rates_total-1-min_rates_wpr;
maxbar2=rates_total-1-min_rates_xma;
//---- calculation of 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=maxbar1; // starting index for calculation of all bars
else limit=rates_total-prev_calculated; // starting index for calculation of new bars
//----
to_copy=limit+2;
//--- copy newly appeared data in the arrays
if(CopyBuffer(WPR_Handle,0,0,to_copy,WPR) lt =0) return(RESET);
//---- indexing elements in arrays as time series
ArraySetAsSeries(WPR,true);
//---- main indicator calculation loop
for(bar=limit; bar gt =0 && !IsStopped(); bar--)
{
for(int sm=int(StepsTotal); sm gt =0 && !IsStopped(); sm--)
xwpr0[sm]=XMA[sm].XMASeries(maxbar1,prev_calculated,rates_total,W_Method,WPhase,period[sm],WPR[bar],bar,true);
if(bar gt maxbar2)
{
if(bar) ArrayCopy(xwpr1,xwpr0,0,0,WHOLE_ARRAY);
continue;
}
upsch=0;
dnsch=0;
for(int sm=int(StepsTotal); sm gt =0 && !IsStopped(); sm--)
if(xwpr0[sm] gt xwpr1[sm]) upsch++;
else dnsch++;
BullsBuffer[bar]=XMA[StTot1].XMASeries(maxbar2,prev_calculated,rates_total,SmoothMethod,SmoothPhase,SmoothLength,upsch,bar,true);
BearsBuffer[bar]=XMA[StTot2].XMASeries(maxbar2,prev_calculated,rates_total,SmoothMethod,SmoothPhase,SmoothLength,dnsch,bar,true);
if(bar) ArrayCopy(xwpr1,xwpr0,0,0,WHOLE_ARRAY);
}
//----
return(rates_total);
}
//+------------------------------------------------------------------+
