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- 2018.07.19 16:20
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This indicator is a variation of a well known WPR (Williams Percent Range) indicator.
It is calculating a sort of 4 WPR values:
- WPR of Open.
- WPR of Close.
- WPR of High.
- WPR of Low.
Those 4 values are then combined into "candles". The calculation is not using the original WPR calculation. Instead it is adjusted to be able to calculate these 4 values. As a result 2 significant levels are now available.
- Level 0 (which unlike the original WPR, can be crossed up in this version).
- Level -100 (which unlike the original WPR, can be crossed down in this version).
That way, by observing the levels, possible overbought and oversold states can be assessed.
![Heiken Ashi Smoothed - Binary](https://c.mql5.com/i/code/indicator.png)
Unlike the Heiken Ashi Smoothed, this indicator is displaying 2 values only: +1 for trend up and -1 for trend down, thus making it suitable for usage from experts.
![Heiken Ashi Smoothed](https://c.mql5.com/i/code/indicator.png)
Instead of using "raw" prices" for calculations, Heiken Ashi Smoothed indicator is using smoothed/filtered/averaged prices instead.
![Volume Zone Oscillator](https://c.mql5.com/i/code/indicator.png)
Volume Zone Oscillator indicator is based on the "In The Volume Zone" article by Walid Khalil and David Steckler, and can be classified as both trending and oscillating (non-trending) in its design.
![Volume Zone Oscillator - Floating Levels](https://c.mql5.com/i/code/indicator.png)
Compared to the Volume Zone Oscillator indicator, this version is additionally using floating levels to determine the trend.