Forex TriggerLines Trading System with Williams’ Percent Range Filter

High accuracy “Forex TrigerLines Trading System with Williams’ Percent Range Filter“. TriggerLine MT4 indicator determines the entry and exit from the market. Williams’ Percent Range Technical Indicator (%R) is a dynamic technical indicator, which determines whether the market is overbought/oversold.

An interesting phenomenon of the Williams’ Percent Range indicator is its uncanny ability to anticipate a reversal in the underlying security’s price.

• Time Frame: M30 or higher
• Currency Pairs: any

 

• TriggerLines
• Williams’ Percent Range

• Download “TraderVersity.Com-TriggerLinesWPR” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “TraderVersity.Com-TriggerLinesWPR.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Meta Trader Client.
• Select Chart and Time frame where you want to test your Forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “TraderVersity.Com-TriggerLinesWPR trading  system and strategy
• You will see “Forex TriggerLines Trading System ” is available on your Chart

 

• TriggerLines: blue
• Williams’ Percent Range: upward above the -50 level from oversold area

 

• TriggerLines: red
• Williams’ Percent Range: downward below the -50 level from overbought area

 

As with any technical indicator, a Williams Percent Range chart will never be 100% correct.

False signals can occur, but the positive signals are consistent enough to give a forex trader an “edge”.

Skill in interpreting and understanding Williams Percent Range signals must be developed over time, and complementing the %R tool with another indicator is always recommended for further confirmation of potential trend changes.

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