HL Crossing for WPR Indicator in MetaTrader 5- Free Download [TradingFinder]

The HL Crossing for WPR Indicator combines the Williams’ Percentage Range (WPR) with moving averages.

This indicator provides an accurate framework for analysis by tracking the breakout of market High and Low levels. Its multi-layered structure, in addition to displaying WPR values, also plots breakouts on the chart as supplementary confirmations.

HL Crossing for WPR Indicator Table

The table below presents the general specifications of the HL Crossing for WPR Indicator.

HL Crossing for WPR Indicator at a Glance

The HL Crossing for WPR Indicator acts as a multi-layered filter for detecting market conditions. Within this structure, the position of the Williams’ Percentage Range is first examined in relation to the overbought and oversold zones.

Then, moving averages determine the dominant trend and define the overall market direction. Subsequently, the breakout of a valid High or Low level is recorded as the decisive condition for issuing a signal.

Signals are displayed as arrows and X marks, ensuring that entry and exit points are clearly visible on the chart.

Indicator in Bullish Trend

The chart below shows the global gold index (XAU/USD) on the 4-hour timeframe.

In a bullish trend, the HL Crossing for WPR Indicator generates an entry signal by combining the Williams’ Percentage Range value with the confirmation of a High breakout. The upward blue arrow reflects buyer dominance, confirms the movement along the prevailing trend, and highlights a suitable zone for buy entries.

Indicator in Bearish Trend

The image below presents the EUR/AUD pair on the 15-minute timeframe.

In a bearish trend, the HL Crossing for WPR Indicator issues a signal when the Williams’ Percentage Range highlights buyer weakness and the Low breakout is confirmed as the final condition. The downward red arrow indicates selling pressure dominance and emphasizes the start of the bearish market phase.

HL Crossing for WPR Indicator Settings

The image below shows the settings of the HL Crossing for WPR Indicator in MetaTrader 5:

• 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 indicator
• Multiplier: Adjustment of the indicator’s sensitivity to AT
• 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 signal alerts
• Message Alert: Text message alert within the MetaTrader platform
• Email Alert: Alert via email
• Sound Alert: Audio alert when a signal is generated
• Sound File: Audio file name for the alert when enabled

Conclusion

The HL Crossing for WPR Indicator in MetaTrader 5 functions as a composite tool that generates signals based on the overlap of the Williams’ Percentage Range, moving averages, and key breakout levels.

Its multi-layered structure increases entry and exit accuracy while reducing the probability of trading errors.