WPR Oscillator with Alert for MT5 Download – Free – [TradingFinder]

The Williams Percent Range Indicator with Alert is used to identify overbought and oversold zones.
This indicator, by analyzing the current price relative to the highest and lowest prices within a specified timeframe, can show potential market reversal or trend continuation points. In this way, traders can identify reversal or continuation signals more quickly.

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

In the WPR Indicator with Alert, when the value approaches the -20 level, the market condition is considered overbought. Conversely, when values approach the -80 level, it indicates oversold conditions.
By analyzing these conditions and considering the overall market trend, traders can decide on buy and sell positions.

Bullish Trend Conditions

According to the USD/JPY chart on the 1-hour timeframe, the oscillator line has entered the -80 zone, indicating oversold conditions. In this situation, the oscillator line started moving upward, and simultaneously, the price also turned bullish.

Bearish Trend Conditions

Based on the 1-hour EUR/GBP chart, the oscillator line has entered the overbought zone. This usually signals a higher probability of a price reversal and the beginning of a downward movement.
Considering this situation, traders, based on their strategies and risk management, can identify suitable opportunities to enter short positions.

Williams Percent Range Indicator with Alert Settings

The customizable settings in the WPR Oscillator with Alert are as follows:

• Period: 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, based on the "Williams Percent Range" indicator, is designed to detect overbought and oversold conditions in the market.
By evaluating the current price position within a specific timeframe, this trading tool makes it possible to identify potential reversal points.
With the analysis of the ranges defined by this tool, traders will be able to find suitable trading opportunities and execute their buy or sell decisions with greater accuracy.