Vinini WPR Oscillator Indicator

Vinini WPR Oscillator Indicator

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

The Vinini WPR Oscillator 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 Oscillator BUY/SELL signals

The above GBP/USD 4H 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 60, the indicator is in the overbought zone. Here traders need to enter short positions or exit long ones. Conversely, when the indicator is below -60, 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 Oscillator Indicator for further signal confirmation.

Conclusion
The Vinini WPR Oscillator Indicator for MT4 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.