High accuracy H1 and H4 Forex WPR BUY SELL Zone System – Williams Percent Range (WPR) is another oscillator used to identify whether the market is trending or choppy.
- Time Frame: H1 or higher
- Currency Pairs: Any
MetaTrader Trading Indicators
- Williams’ Percent Range
- RSI Chart Bars
- 9Squared MM
- Sell Zone Fibs
- Buy Zone Fibs
- Relative Strength Index
BUY Zone
- Williams’ Percent Range: The WPRs’ line on the BUY Zone
- RSI Chart Bars: Blue color
- BUY Zone Fibs: Price above the BUY Zone Fibs line
- Relative Strength Index Line: above the level 60
SELL Zone
- Williams’ Percent Range: The WPRs’ line on the SELL Zone
- RSI Chart Bars: Red color
- SELL Zone Fibs: Price below the SELL Zone Fibs line
- Relative Strength Index Line: below the level 40
Exit Rules
- Place the initial stop loss above the BUY Zone Fibs or below the SELL Zone Fibs
- Risk reward Ratio 1:2 or 1:3