HL Crossing for WPR Indicator in MetaTrader 4 - Free Download [TradingFinder]

The HL Crossing for WPR Indicator, by combining the Williams’ Percentage Range (WPR) with moving averages and breakout of High and Low market levels, delivers precise trading signals.

This multi-layered structure analyzes price movement in a more accurate framework; in addition to displaying WPR values, it also marks breakouts as extra confirmations on the chart.

HL Crossing for WPR Indicator Table

The general specifications of the HL Crossing for WPR Indicator are presented in the table below.

HL Crossing for WPR Indicator at a Glance

The HL Crossing for WPR Indicator is designed to act as a simultaneous multi-layer filter.

In this trading tool, first the position of the WPR relative to the overbought and oversold zones is analyzed; then the moving averages determine the main market trend to clarify direction.

Finally, the breakout of a valid High or Low level is considered the decisive condition for issuing a signal. Moreover, the signals are displayed as arrows and X marks, making entry and exit points clearly visible on the chart.

Indicator in Bullish Trend

The following chart displays the CAD/JPY pair on the 15-minute timeframe.

In a bullish trend, the HL Crossing for WPR Indicator activates the entry signal by combining the WPR value with confirmation of a High breakout. The upward blue arrow indicates buyer dominance, confirms trend continuation, and highlights a suitable zone for buy entries.

Indicator in Bearish Trend

The following image shows the GBP/USD pair on the 15-minute timeframe.

In a bearish trend, the indicator activates when the WPR value shows buyer weakness and a Low breakout is confirmed as the final condition. The downward red arrow indicates selling pressure dominance and the beginning of a bearish market phase.

HL Crossing for WPR Indicator Settings

The image below displays the settings panel of the HL Crossing for WPR Indicator:

• Counted Bars: Number of candlesticks required by the indicator
• Extremum Period: Calculation period for extremum
• MA Period: Moving average period
• Signal Distance: Distance between the signal arrow and the main candlestick
• ATR Period: Calculation period of the ATR
• Multiplier: Sensitivity adjustment of the indicator to ATR
• WPR Period: Calculation period of the WPR
• Higher Line of WPR: Display of the upper WPR level
• Lower Line of WPR: Display of the lower WPR level
• Alerts ON: Enable or disable trade signal alerts
• Message Alert: Text message alert inside the MetaTrader platform
• Email Alert: Alert via email
• Sound Alert: Audio alert when a signal is issued
• Sound File: Audio file name for alerts when enabled

Conclusion

The HL Crossing for WPR Indicator is a composite tool in MetaTrader 4 that generates signals through the overlap of WPR, moving averages, and breakouts of key levels.

Its multi-layered structure increases entry and exit accuracy while reducing trading errors. Signals are displayed as arrows and X marks on the chart to provide greater clarity.