Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
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%R TREND EXHAUSTION INDICATOR - USER GUIDE
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The indicator displays three Williams %R lines (Fast, Slow, Average)
in the range from 0 to -100 and generates visual signals when
extreme zones are reached.
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INDICATOR ZONES
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Overbought zone: above -20
Middle zone: from -20 to -80
Oversold zone: below -80
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TRADING SIGNALS
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ARROW UP (blue) - MAIN BUY SIGNAL
Appears when both lines (Fast and Slow) simultaneously exit
the oversold zone. Indicates upward trend reversal,
exhaustion of downward movement.
ARROW DOWN (red) - MAIN SELL SIGNAL
Appears when both lines simultaneously exit the overbought
zone. Indicates downward trend reversal, exhaustion of
upward movement.
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WARNING SIGNALS
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- Circle below - entry into oversold zone
- Circle above - entry into overbought zone
- Squares - continuation of stay in extreme zone
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SIGNAL SEQUENCE
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- CIRCLE appears → zone entry
- SQUARES appear → pressure accumulation
- ARROW appears → REVERSAL (enter trade)
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IMPORTANT
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Trade only on ARROWS up and down.
Circles and squares are warnings, NOT entry signals.
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