Smoothed Larry Williams’ Percent Range using Inverse Fisher Transform.
This indicator generates definite buy and sell signals, as its value is close to +1 or -1 most of the time. We should buy when the indicator is crossing -0.5 upwards or 0.5 upwards, in case it has crossed -0.5 upwards some time before. We should sell when the indicator is crossing 0.5 downwards or -0.5 downwards, in case it has not crossed 0.5 downwards some time before.
The indicator uses SmoothAlgorithms.mqh library classes (must be placed to the terminal_data_folder\MQL5\Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.
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