Vinini WPR Indicator

Vinini WPR Indicator

Forex BUY and SELL signals from the best Vinini WPR Forex Oscillatoк Indicator. It uses William’s Percentage to determine trend direction.

The Vinini WPR Indicator uses William’s Percentage Range to determine the direction of the trend. As the name suggests, the indicator is an oscillator and finds overbought and oversold levels.

The indicator draws a single line and fluctuates between -100 and +100. The single line uses the William Percentage Range calculations.

When the Indicator is below -60, it is in oversold territory. On the other hand, when the indicator is above 60, it is in the overbought zone.

Vinini WPR BUY/SELL signals

The above USD/JPY H1 chart shows BUY and SELL signals with the indicator. To determine the direction of the trend, traders just need to identify overbought and oversold levels.

When the Indicator is above 0.50, the indicator is in the overbought zone. Here traders need to enter short positions or exit long ones. Conversely, when the indicator is below -0.50, it is in the oversold zone. In this scenario, traders need to enter long positions and exit short ones.

Traders can also use other indicators along with the Vinini WPR Forex Oscilator for further signal confirmation.

Conclusion
The Vinini WPR Indicator for MT5 works like a normal oscillator and tells the direction of the trend. It plots a single MA line on the chart to determine the exact entry and exit points. In addition, you can download the indicator for free from our website.