MACD of WPR Indicator
The MACD of the Williams Percent Range (WPR) indicator is a technical analysis tool that combines the momentum-based MACD with the overbought/oversold signals of the WPR. It's calculated by applying the MACD formula (subtracting a longer-period Exponential Moving Average from a shorter-period EMA) to the WPR values instead of price data. This combination can help traders identify potential buy/sell signals by looking for crossovers of the MACD line and the signal line, as well as divergences between the MACD and the price of the underlying asset, offering a more comprehensive view of market conditions.