VibeFox Williams %R MT5

VibeFox Williams %R — overbought/oversold oscillator with entry points

VibeFox Williams %R is a real-time Williams Percent Range indicator for MetaTrader 5. It plots the classic %R oscillator in a separate subwindow on a fixed scale from 0 to -100, draws dashed overbought and oversold level lines, marks the moment an entry signal appears right on the price chart, and gathers all the controls into one modern interactive panel. Instead of watching the line bounce between levels and guessing when a reversal is forming, you see the exhaustion zone, the exit from it, and the entry point at the very moment they occur.

What Williams %R measures

Williams %R was developed by Larry Williams and measures where the current close sits relative to the highest high over the look-back period. The scale runs from 0 at the top to -100 at the bottom — the opposite of what most traders expect — so a reading near 0 means price closed near the period high (buyers pushed it up, the market may be overbought), while a reading near -100 means price closed near the period low (sellers dominated, the market may be oversold).

It reads at a glance. When the %R line rises toward 0 and enters the overbought zone, selling pressure has dominated the recent range; when it falls toward -100 and enters the oversold zone, buyers have been overwhelmed. The moment the line turns and exits one of those zones is the earliest signal that momentum may be shifting — and that is exactly what the indicator marks automatically.

Overbought and oversold levels

The boundaries of the extreme zones are set by the Overbought Level and Oversold Level parameters. The defaults are -20 (overbought) and -80 (oversold) — the classic values used by Williams himself. A third dashed line at -50 marks the midpoint of the scale and acts as a neutral reference. All three levels are drawn automatically in the subwindow whenever the indicator is active.

Entry points

The main value of VibeFox Williams %R is its automatic entry points: the indicator tracks the conditions itself and places a clear arrow marker right on the price chart. Two independent signal types are available, each with its own toggle.

OB/OS Exit — exit from the extreme zone

The primary signal fires when the %R line crosses back out of an overbought or oversold zone. If %R was in the overbought zone (above the Overbought Level) and crosses back below it, a SELL marker is placed — the overbought condition has ended and the market may be turning down. If %R was in the oversold zone (below the Oversold Level) and crosses back above it, a BUY marker is placed — the oversold condition has ended and the market may be turning up. This is the classic Williams %R reversal signal.

Mid Cross — midline cross

The second signal fires when the %R line crosses the -50 midline. A cross from below upward generates a BUY marker — momentum is shifting from bearish to bullish. A cross from above downward generates a SELL marker — momentum is turning bearish. This signal is useful as a trend-continuation or momentum-confirmation filter and is disabled by default.

Buy and sell markers are colored separately with the Buy Marker Color and Sell Marker Color settings, so direction is read instantly, while the Marker Size control scales the arrows from 1 to 5 to fit any chart density.

Full visual control

Every element in the subwindow is tuned to your taste. The color and width of the %R line are set individually with %R Line Color and %R Line Width. The three dashed reference levels — Overbought, -50 midline, and Oversold — are drawn automatically and update immediately when you change the level values on the panel. The fixed scale of 0 to -100 is always maintained so the oscillator stays readable at any zoom.

Interactive on-chart panel

The whole interface is a smooth canvas-based panel built for fast mouse control. All parameters are gathered into tidy rows in three columns, and the entry block is set apart with its own gold ENTRY heading, so signal settings do not get mixed up with line settings. The panel header holds the control icons.

Power — turns the drawing of lines and signals on and off without removing the indicator from the chart.

Settings (gear) — opens and closes the settings section.

Updown (arrows) — moves the panel between a separate subwindow and the main chart.

Close (cross) — closes the indicator.

Resizable — drag the bottom-right corner to scale the panel.

Collapsible — a double click on the header collapses the panel into a compact strip.

Mouse wheel — hover over any numeric field and scroll the wheel to change the value without opening the keyboard.

Settings and personalization

The Settings button opens a section where the panel is fitted to your workspace: a light, dark or automatic Theme, an adjustable panel width, header size, row height and font size. Extra touches let you hide the bottom bar via Hide Footer, shrink the header when collapsed with Mini Header, and automatically collapse the panel on a click outside it. Almost every parameter changes live right on the panel — the input fields on the Inputs tab only set the starting values at startup. You can also run several independent copies on one chart by giving each a unique Instance, to watch different %R periods and levels side by side.

Entry notifications

You do not need to sit and guard the chart waiting for a signal. Each entry can be sent through several notification channels that are enabled independently right on the panel.

Alert — a pop-up message inside the terminal.

Push — a mobile notification to the MetaTrader app on your phone.

Email — a letter sent through the terminal’s mail settings.

Telegram — the alert text together with a chart screenshot, sent straight to your Telegram chat.

Enable only the channels you need, and you will be notified the moment a new entry appears on the symbol and timeframe you are working with.

Visual history (HTML report)

Enable the Html channel, and every entry signal is saved to an HTML report together with a screenshot of the chart at the moment it fired. The report is stored in the terminal’s Files folder, in the VibeFox_WilliamsR directory, and opens in any browser — you get a visual log of all the entries the indicator found. A one-click trash button clears the report and its screenshots whenever you want to start over.

Telegram Alerts

Signals can also be delivered straight to your Telegram chat — the alert text together with a screenshot of the chart at the moment of detection. Turn on the Telegram channel and enter your bot token and chat id in the inputs.

Delivery rides on the HTML report: each new signal is written into the report, and the report — opened in a browser — forwards it to your Telegram chat on its own. For this reason, enabling Telegram automatically keeps the Html report on, and the two channels work together.

Built-in multilingual help

A full help page is built into the panel, available in 10 languages, so every control is explained right where you use it.