About Dynamic WPR
Dynamic WPR transforms Williams %R into an easier-to-use visual trading framework by projecting configurable WPR reference levels onto the price chart. Instead of relying only on an oscillator panel, traders can see where important WPR conditions translate directly into price. The indicator also tracks the Dynamic WPR level in real time, helping identify whether price is trading above or below the current momentum reference.
What this indicator provides
- Projects Williams %R reference levels directly onto price
- Configurable upper and lower WPR reference levels
- Real-time Dynamic WPR price tracking
- Optional green/red candle coloring for directional bias
- Built-in TradingView alert conditions
- Designed for fast visual momentum confirmation
How It Works
The indicator calculates Williams %R using the selected lookback period and projects user-defined WPR reference levels onto the main price chart. The upper and lower reference levels can be adjusted to match the trader’s preferred WPR thresholds. A configurable Dynamic WPR level is continuously converted into its corresponding price level. Optional candle coloring makes directional interpretation immediate: candles are green when price is above the Dynamic WPR level and red when price is below it. Built-in alerts can notify traders when important Dynamic WPR relationships or crosses occur.
Suggested Usage
Use Dynamic WPR as a momentum and directional-bias tool inside the Traders Vibe trading process. Price holding above the Dynamic WPR level can support a bullish bias, while price holding below it can support a bearish bias. The projected upper and lower WPR levels can also help identify stretched conditions, reaction areas, and potential momentum transitions. Use the indicator together with price action, trend structure, and other Traders Vibe confirmation tools rather than as a standalone entry signal.
Settings and Configuration
Adjust the Williams %R lookback and the upper, lower, and Dynamic WPR reference levels to match your trading style. The reference levels are intentionally configurable rather than locked to traditional Williams %R values. Candle coloring can be enabled or disabled. When enabled, candles display green above the Dynamic WPR level and red below it. Configure TradingView alerts for the available Dynamic WPR crossing and level conditions as needed.
This tool is designed to support a complete trading process with market context, defined risk, and clear invalidation. It is not a guarantee of future results.