Sign In with Google
Sign In with Facebook
The DSL WPR indicator is a trading algorithm that is used to trade during a certain market trend. Its calculations are based on the operation of two forex indicators, which, using joint calculations, determine the presence of a trend, its direction and strength. The indicator is displayed in the lower window of the price chart in in the form of three lines: the main line and two signal lines. Under certain market conditions, its main line changes its color and direction relative to the signal lines. Taking into account the indicator values that determine the current trend, a certain transaction can be opened.
The DSL WPR indicator is suitable for trading on any timeframe using any currency pairs.
Input parameters
The settings of the DSL WPR indicator include several sections, each of which affects its overall operation. The Input parameters section is used to change the parameters of technical work, the Colors section is used to change its color scheme, and to add signal levels to the indicator window, the Levels section.
-WPR period - period of calculation of the WPR indicator. The default value is 14.
-Signal period - value of the period of the signal lines of the indicator. The default value is 9.
Indicator signals
The DSL WPR indicator is very easy to use due to its easy visualization. To open a certain trade, several factors should be considered, namely the presence of a trend, as well as its current direction and strength. This is determined by taking into account the direction and color of its main line, as well as its intersection with signal. If the current trend is upward, long positions are opened, if the trend is down, short positions are opened. At the moment of a trend change, in both cases, trades are closed. It should be taken into account that when there is no trend, trades are not opened at all.
Signal for Buy trades:
- The main line of the indicator has a color with a growth value and is directed upwards, crossing the upper signal line.
Upon receipt of such conditions characterizing the presence of an uptrend, a buy trade can be opened. At the moment of a change in the current trend or its temporary absence, the trade should be closed and prepare to open new ones.
Signal for Sell trades:
- The indicator line goes down and falling below the lower signal line, it is colored in color with the value of the fall.
A sell trade can be opened immediately upon receipt of such conditions on a signal candle. At this moment, a downtrend is determined in the market. At the moment there is no trend, the trade should be closed.
Conclusion
Despite the fact that the DSL WPR indicator is very simple and easy to use, its signals are very accurate, which significantly increases the profitability of trading. It is recommended to practice on a demo account before using the indicator on a real deposit. It is also recommended to use the indicator with additional filters, indicators and advisers.
