Indicator VininI MV WPR created by the author Victor Nicolaev (Vinin) in 2008, is a relatively new and very popular technical indicator, used for trading shares, commodities and for trading on the Forex market. The indicator combines a specific currency pair and the
Williams’ Percent Range indicator - WPR (%R). Indicator VininI MV WPR nicely shows the purchase, sale and long-term market trends. It should be combined with other indicators such as
Stochastic Oscillator,
Kolier SuperTrend Indicator,
JJN Promise and the like, which will help clarify the buying and selling market signals. See all indicator
Vinin.
//+------------------------------------------------------------------+
//| VininI_MV_WPR_v1.mq4 |
//| Victor Nicolaev aka Vinin|
//| vinin@mail.ru |
//+------------------------------------------------------------------+
#property copyright "Ńopyright 2008. Victor Nicolaev aka Vinin"
#property link "e-mail: vinin@mail.ru"
#property indicator_separate_window
#property indicator_buffers 1
#property indicator_color1 Aqua
#property indicator_level1 0
#property indicator_level2 60
#property indicator_level3 -60
#property indicator_maximum 100
#property indicator_minimum -100
//---- input parameters
extern string WPR_Symbol="GBPUSD";
extern int WPR_Period= 14;
extern int Limit=1440;
int reversi;
double WPR[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init() {
SetIndexStyle(0,DRAW_LINE);
SetIndexDrawBegin(0,WPR_Period);
SetIndexBuffer(0,WPR);
IndicatorShortName(WPR_Symbol+"(WPR,"+WPR_Period+")");
SetIndexLabel(0,WPR_Symbol+"(WPR)");
reversi=0;
if (StringFind(Symbol(),"USD",0)!=StringFind(WPR_Symbol,"USD",0)) reversi=1;
return(0); }
//+------------------------------------------------------------------+
int start() {
static int TimeWPR=-1;
int limit;
int counted_bars=IndicatorCounted();
int i, CurrentTime, WPRPos;
if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
if (limit>Limit && Limit>0) limit = Limit;
if (TimeWPR>0) limit+=iBarShift(WPR_Symbol,Period(),TimeWPR);
for (i = limit;i>=0;i--){
CurrentTime=Time[i];
WPRPos=iBarShift(WPR_Symbol,Period(),CurrentTime);
if (iTime(WPR_Symbol,Period(),WPRPos)<CurrentTime) WPRPos++;
WPR[i] = (iWPR(WPR_Symbol,Period(),WPR_Period,WPRPos)+50.0)*2.0;
if (reversi!=0) WPR[i]*=-1.0;
}
TimeWPR=iTime(WPR_Symbol,Period(),0);
return(0);
}// int start()
