The HLCrossSig for WPR is considered as a trend indicator, since it is intended for “catching” trends. However, it’s a pretty complex and informative indicator that allows excluding the psychological and emotional influence from trading.
This indicators shows levels for opening positions, setting stop levels, Trailing Stop and Take Profit, what leaves no doubts for a trader whether to perform a deal or not. Avoiding psychological and emotional influence in trading is a key factor for getting a profit on the market.
Input parameters:
//+----------------------------------------------+ //| Input parameters of the indicator | //+----------------------------------------------+ input int Supr_Period=6; // Period of the break through range; the greater is the value, the later and rarer are the signals input int MA_Period=21; // Period of the Heiken Ashi variable. Used as an additional filter input int Risk=0; // Maximal risk in pips, used for calculation of the level of entering on the basis of a closest MAX/MIN level input int ATR_Period=120; // АТR period. Used for calculation of volatility. input double Q=0.7; // Parameter for placing Take Profit. - A rate of Stop Loss. If = 1, Take Profit = Stop Loss input int WPR_Period=12; // WPR period. Used as an additional фильтра input int HLine=-38; // Upper signal line of stop levels for WPR input int LLine=-62; // Lower signal line of stop levels for WPR
Displayed elements of the indicator:
- Up and down arrows are signals for opening the corresponding positions;
- Circles on crosshairs are points for placing initial Take Profit;
- Dots are used for confirmation of determined trend. If the price continuously breaks through the levels of these points, one should keep the position as long as it is possible. If points represent a “corridor” for a long period, it is time for fix the profit.;
- Diamonds are limits for placing Stop Loss and Trailing Stop.
Recommended MT5 Brokers
XM Broker
- Free $50 To Start Trading Instantly! (Withdraw-able Profit)
- Deposit Bonus up to $5,000
- Unlimited Loyalty Program
- Award Winning Forex Broker
- Additional Exclusive Bonuses Throughout The Year
>> Sign Up for XM Broker Account here <<
FBS Broker
- Trade 100 Bonus: Free $100 to kickstart your trading journey!
- 100% Deposit Bonus: Double your deposit up to $10,000 and trade with enhanced capital.
- Leverage up to 1:3000: Maximizing potential profits with one of the highest leverage options available.
- ‘Best Customer Service Broker Asia’ Award: Recognized excellence in customer support and service.
- Seasonal Promotions: Enjoy a variety of exclusive bonuses and promotional offers all year round.
>> Sign Up for FBS Broker Account here <<
(Free MT5 Indicators Download)
Click here below to download: