Wilson Relative Price Channel – indicator MetaTrader 5

Wilson Relative Price Channel - indicator for MetaTrader 5
The channel is based on the classic RSI and displays three zones, including the overbought zone, the oversold zone and the neutral zone, which is between the overbought and oversold zones. Suitable for higher timeframes starting with Daily. The indicator has 9 input parameters: Channels period – period for calculating the channels; Period of smoothing … Read more

Wilson Relative Price Channel – mod – indicator MetaTrader 5

Wilson Relative Price Channel - mod - indicator for MetaTrader 5
Basics: Wilson Relative Price Channel by Leon Wilson was described in the July 2006 issue of TASC. It is using the RSI to draw on chart trading zones, but in its original version there is one issue with it : on lower time frames it simply will not work – ie: it works, but the … Read more