📈 Multi-Williams Percent Range trend indicator

This is the modified version of Position in channel indicator.

The indicator calculates the values, similar to “Williams Percent Range” for 5 different periods. The values are plotted as a histogram. The histogram forms different patterns at different stages of the trend.

Input parameters:

TMode – mode: 0 – fast, 1 – normal, 2 – slow;
InpXCoord – the horizontal shift relative to the lower left corner;
InpYCoord – the vertical shift relative to the lower left corner.

Three sets of periods are used:

Fast – 30, 15, 10, 8, 6;
Normal – 60, 30, 20, 15, 12;
Slow – 120, 60, 40, 30, 24.

Multi-Williams Percent Range trend indicator – indicator MetaTrader 5

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Alternative: Higher Highs & Lower Lows Stochastic - indicator MetaTrader 5

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