WPR Oscillator with Alert for MT4 Download – Free – [TradingFinder]

The Williams Percent Range Indicator with Alert is an advanced technical analysis tool designed to identify overbought and oversold conditions.

The "WPR" indicator, by measuring the current price position relative to the highest and lowest prices over a specified period, detects potential reversal points or trend continuations.

Specifications Table of WPR Oscillator with Alert

The specifications of the Williams Percent Range Indicator with Alert are as follows.

Williams Percent Range Indicator with Alert at a Glance

The performance of the WPR with Alert is such that values near -20 indicate overbought conditions, and values near -80 indicate oversold conditions.

Traders can, based on market conditions, enter buy or sell positions after identifying overbought and oversold zones.

Bullish Trend Conditions

Based on the USD/CHF chart in the 4-hour timeframe, the oscillator line has reached the -80 zone, indicating oversold conditions.

As shown in the chart, the oscillator line has bounced upward, and simultaneously, the price has also begun to rise.

Bearish Trend Conditions

According to the Binance Coin (BNB) cryptocurrency chart in the 1-hour timeframe, the oscillator line fluctuation indicates that the price has reached the overbought zone.

In this situation, the probability of a trend reversal is high, and traders can enter sell positions based on their strategy.

Williams Percent Range Indicator with Alert Settings

The settings of the WPR Oscillator with Alert are as follows:

• ExWPRPeriod: Indicator calculation period
• ALERT: Enable alert
• EMAIL: Send alert via email
• NOTIFICATION: Send notification
• MESSAGE_TIMEOUT: Time interval between alerts
• MESSAGE_SUBJECT: Subject of alert messages

Conclusion

The WPR Oscillator with Alert is a tool designed to identify overbought and oversold conditions based on the "Williams Percent Range" indicator.
By calculating the price position within a specified timeframe, this tool highlights potential reversal or continuation points.
According to the zones defined by the indicator, traders can identify trading opportunities and act accordingly.