Wilson Relative Price Channel
The Wilson Relative Price Channel is a powerful indicator designed for MetaTrader 5 that helps traders identify overbought and oversold conditions in the market. This indicator calculates the average price range over a specified period and plots two lines above and below the current price, forming a channel. When the price reaches the upper line, it suggests a potential selling opportunity, while reaching the lower line indicates a possible buying opportunity. Traders can use this indicator to time their entries and exits more effectively. However, it’s important to note that no indicator is foolproof, and it’s always recommended to use it in conjunction with other technical analysis tools for confirmation.
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Description
FAQ
- Can I download this indicator ‘Wilson Relative Price Channel’ for free?
- Yes, this indicator – Wilson Relative Price Channel, like other indicators presented on the site, is free, with the exception of those where there is a fee, they are available only on the official website of the developer
- Where does this Indicator come from?
- The Indicator, like others, is collected from the official website of trading platform MetaTrader 5 and developers
- Can I use Wilson Relative Price Channel on the mobile version of the trading platform MetaTrader 5?
- No, indicators can only be used on the web version of the trading platform MetaTrader 5.
Additional information
| Platform | MetaTrader 5 |
|---|---|
| Format | ZIP |
| Price | Free |
| Safety | Safe |
| Type file | Indicator |
| Size | 287kB |
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