Williams_Thrust - indicator for MetaTrader 5

Williams_Thrust – indicator MetaTrader 5

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The signal and information indicator Williams Thrust is based on two Williams’ Percent Range indicators with different periods and their average values.

There are five inputs:

  • First WPR period – first WPR calculation period;
  • First MA period – first WPR averaging period;
  • Second WPR period – second WPR calculation period;
  • Second MA period – second WPR averaging period;
  • MA method – averaging calculation method.

Calculations:

  • if FirstWPR > FirstMA and SecondWPR > SecondMA – a Buy signal.

  • If FirstWPR < FirstMA and SecondWPR < SecondMA – a Sell signal.

  • Otherwise – neutral value.

where:

  MultiX2MASignal - indicator MetaTrader 5
FirstWPR = WPR(First WPR period)
SecondWPR = WPR(Second WPR period)
FirstMA = MA(FirstWPR, First MA period, MA method)
SecondMA = MA(SecondWPR, Second MA period, MA method)


Williams_Thrust – indicator MetaTrader 5
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