WPR Histogram Vol Indicator

Platform: MT5 Type: Volatility

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Last update: December 7, 2024

The WPR Histogram Vol Indicator for MT5 is, as the name suggests, a forex volume indicator based on Williams Percentage Rate. It is developed on the following formula: (WPR + 50) * Volume.

For quite understandable reasons, the recalculation of overbought and oversold levels in such a modified oscillator should be performed using the same formula. In the final version, these levels are no longer permanent. Two levels with the appropriate breakout indication were used.

Example chart:

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