Slope Scanner (WPR) V1.4 MT4 MT5
The SlopeScanner(WPR) V1.4 is a versatile indicator for spotting overbought and oversold conditions, monitoring momentum, and highlighting potential market reversals. It provides traders with a clear visual tool to gauge market extremes and make more informed trading decisions.
✅ Key Features
| Feature | Description |
|---|---|
| ➤ Multi-Pair Monitoring: | Track multiple currency pairs in a single, consolidated dashboard. |
| ➤ Multi-Timeframe Analysis: | Evaluate trend momentum across various timeframes (M1 through MN1). |
| ➤ Smart Trend Detection: | Identify turning points based on the WPR slope changes & OB or OS conditions. |
| ➤ WPR Inputs: | Set your desired- WPR Period (default: 14) and OB/OS levels |
| ➤ Real-Time Alerts: | Get Metatrader alerts immediately when momentum changes. |
| ➤ Color-Coded Visuals: | Easy-to-interpret color signals indicating bullish, bearish, overbought (OB), oversold (OS) or neutral trends. |
| ➤ Clean & Compact Layout: | Well-organized display that fits neatly on your chart without clutter. |
💡 How It Works
The Williams %R (WPR) oscillates between 0 and -100. Readings near 0 indicate overbought conditions, suggesting that a price pullback or reversal may be imminent. Readings near -100 indicate oversold conditions, signaling potential buying opportunities.
The dashboard continuously tracks changes in WPR momentum across selected currency pairs and timeframes, instantly highlighting slope direction shifts with a distinct color. When the WPR enters overbought or oversold territory, the status is clearly marked, making it easy to spot market extremes at a glance. These slope-based alerts often appear before traditional signals, giving you an early read on market dynamics and the opportunity to act ahead of the crowd.
⚙️ Input Parameters
🛒 How to Order?
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