Tortle WPR

Tortle WPR

WPR Scalper Indicator for MetaTrader 5

Now for free!

The WPR Scalper is a powerful indicator designed for traders seeking precise entry and exit signals based on the Williams %R oscillator. Optimized for volatile markets like BTCUSD on the H1 timeframe, it combines three Williams %R calculations (Fast, Slow, and Tortle) to identify overbought and oversold conditions with high accuracy.

In the context of the WPR Scalper indicator, “Tortle” refers to a user-defined term for a third, slow Williams %R (WPR) indicator with a long period (default value: 255). The term “Tortle” in the original, indicating the slow, stable nature of this WPR component. Similar to a tortoise compared to the faster Fast and Slow WPR components.

Key Features:

• Triple WPR Analysis: Utilizes Fast (default: 12), Slow (default: 40), and Tortle (default: 120) WPR periods to confirm strong buy/sell signals.
• Customizable Levels: Adjustable overbought/oversold thresholds (default: -85/-15 for Fast, -80/-20 for Slow) to suit various market conditions.
• Visual Signals: Displays green arrows for buy signals and red arrows for sell signals directly on the chart for easy identification.
• Alerts & Notifications: Supports terminal alerts and push notifications to your mobile device, ensuring you never miss a trading opportunity.
• User-Friendly: Easy-to-configure parameters for adapting to different assets and timeframes.

Ideal for scalpers and swing traders, the WPR Scalper provides reliable signals for BTCUSD and other volatile instruments. Enhance your trading strategy with this robust tool, perfect for both manual and automated trading systems.

Recommended Settings for BTCUSD H1:

• Fast WPR: 12, Slow WPR: 40, Tortle WPR: 120
• Buy Levels: -85 (Fast), -80 (Slow)
• Sell Levels: -15 (Fast), -20 (Slow)

Download now and boost your trading precision!