Larry Williams' WPR indicator defines an asset's oversold/overbuy status and possible reversal points.

The indicator compares the current Close price with Highs/Lows for a specified period.

Settings

• WPRPer ( >0) - Period of the WPR indicator;
• Level oversold (-100-0) - level for oversold area;
• Level overbuy (-100-0) - level for overbought area;
• Exit_from_oversold_or_overbuy - signal when leaving the overbought or oversold area;
• Entrance_to_oversold_or_overbuy - signal when entering the overbought or oversold area;
• Intersection_of_the_middle - signal when crossing the middle between the overbought or oversold areas;
• IndBarsCount (>-1) - number of bars the indicator is displayed on;
• alerts - show a dialog box containing user data;
• Text_BUY - custom text for buy signals;
• Text_SELL - custom text for sell signals;
• Send_Mail - sends an email using an address specified on the Email tab of the options window;
• Subject - subject of the email;
• Send_Notification - sends push notifications to the mobile terminals, whose metaQuotes IDs are specified in the "Notifications" tab.