Do you want pre-eminent Williams percent range indicator for MT4 and MT5 in any brokers then you are at the right spot? I will lead you on how to trade with William’s Percent Range (WPR) Indicator. It leads you to the most precise time to purchase or trade-in every market forum. I also guide you about the best setting for (WPR) indicator.
William’s Percent Range (WPR) Indicator:
If you want to be a professional day trader so you can use the Forex William percent range indicator and you have to understand how it works. It is the best indicator for day trading. It is a powerful momentum indicator.
Larry Williams first told that the %R indicator is the best seller indicator.
Now question upraise in every mind that how can we trade with the help of the WPR trading system. For this, you have to download the WPR indicator system in the zip file.
USES OF William’s Percent Range (WPR) Indicator
William’s percent range indicator is a technical indicator that shows whether the market is oversold/overbought. %R has an upside downscale. It has a broad scale of applicability. It can work in different market surroundings e.g. sideways and non-trading markets.
William Percent Range indicator can be used for various dimensions that can help us to know:
- Momentum confirmations.
- Overbought and oversold readings.
- Strength of the trend.
- Potential buy and sell signals.
WPR indicator values ranging from -80% and -100% show that the market is oversold. Indicator values ranging between -0% and -20% show that the market is overbought. To indicate indicator in that upside-down fashion one spot minus symbol before WPR values (e.g. -20%). Other ignore minus mark when supervising the investigation.
An overbought and oversold reading does not assure that rate will change. ‘Overbought’ means that rate is near to the highs of its recent range. The same thing for oversold. ‘Oversold’means that the price is near to the low of its recent range.
In the indicator chart, there are two types of arrows. One of them is Red and the other one is Green. The red arrow indicates that price is moving downward (Low price in Market) and the green arrow indicates that price is moving upward (high price in the market).There is a specific pip in the graph (e.g.1.2439). If the candles of the graph go down to this specific pip then the price is going down and if the candles are above the pip then the price is moving upward. The Blue line in the graph shows the rate.
- When we buy any good, if its price goes down then we have a loss in our trade. But, if its price goes upward then we have a profit in our trade. But, in the case of sell, if the price goes down then we have a profit in our trade and if the price goes upward then we have a loss in our trade.
Ahead you are going to begin in real account trading you need to trade at the minimum for one month as a demo in any MT4 or MT5 brokers. It awards you more potential for getting quality payback in long or short term trading across also moving average.
HOW TO GET William’s Percent Range (WPR) Indicator FILE
Follow the steps which are given below:
- First Step: Download the zip (WPR) indicator file and save it on your PC.
- Second Step: Open MT4 Folder and Paste (WPR) indicator in META TRADER 4.
- Third Step: Close broker MT4 and restart again.
- Fourth Step: Open any currency pairs e.g. EUR/USD or GBP.
- Last Step: Now activate the WR indicator file only.
These are simple and easy steps that you need to follow before starting trade because it gives you buy and sell zone indicator with almost 90% precision.