Smoothed WPR with floating levels and on chart support / resistance levels – indicator MetaTrader 5
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Theory :
The way how this WPR is smoothed is described here : Smoothed WPR
In order to enable simpler usage of that indicator, this version is adding floating levels. You can use, depending on those floating levels, 3 modes of color changes
color change on outer levels cross
color change on middle (sort of zero line) cross
color change on slope change
Also, this version is displaying a sort of support / resistance levels on the main chart when the signal of the wpr changes
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