The indicator calculates WPR formula on volume-aware indicators Accumulation/Distribution , OnBalance Volume , or Price Volume Trend . WPR range is moved into positive domain [0..1] for convenience.
Parameters
- WPR - period of WPR, by default 24;
- Base - type of the underlying indicator: AccumulationDistribution (by default), OnBalanceVolume, or PriceVolumeTrend;
- Price - applied price type for OBV and PVT, by default - Close; it's ignored in case of AD;
Screenshots
On the screenshots below the indicator is shown side by side with the standard WPR. VolumeWPR on EURUSD M15 charts demonstrates both modes: Accumulation/Distribution and OnBalanceVolume.
