Vinni Trend WPR is a free custom-built mt4 (Metatrader 4) oscillator-type indicator that identifies rising and falling market trends.
WPR stands for “Williams’ Percent Range”.
The indicator appears in a separate MT4 chart window as an array of yellow colored histogram bars without extreme borders.
Vinni Trend WPR is a versatile technical indicator that can be used in multiple ways.
Free Download
Download the “VininI_Trend_WPR.mq4” indicator for MT4
Indicator Chart (EUR/USD M5)
The example chart below displays the Vinni Trend WPR mt4 indicator in action on the trading chart.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit strategy when trading with the custom built Vinni Trend WPR Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: WPR
Does it repaint? No.
Vinni Trend WPR + XMaster Formula MT4 Forex Strategy
This strategy combines the Vinni Trend WPR Forex Indicator for MT4 with the XMaster Formula MT4 Forex Indicator.
It is designed for fast-paced trading on M5 and H1 charts, helping traders capture short-term trends with clear entry and exit points.
The Vinni Trend WPR identifies rising and falling market trends through yellow histogram bars, while the XMaster Formula provides precise buy and sell signals via yellow arrows.
How This Strategy Works
The Vinni Trend WPR shows market direction using histogram bars: upward trends are identified by rising bars, downward trends by falling bars.
The XMaster Formula confirms the trade with arrows: a yellow UP arrow signals a buy, and a yellow DOWN arrow signals a sell.
Forex trades are executed only when both indicators align, improving accuracy and reducing false signals.
Buy Entry Rules
- Confirm that the Vinni Trend WPR histogram is rising, indicating an uptrend.
- Wait for a yellow UP arrow from the XMaster Formula indicator.
- Enter a buy trade at the close of the candle where both conditions appear.
- Set a stop-loss below the recent swing low.
- Take profit: 10–20 pips on M5 or 30–50 pips on H1, or exit when the histogram starts falling or a yellow DOWN arrow appears.
Sell Entry Rules
- Confirm that the Vinni Trend WPR histogram is falling, indicating a downtrend.
- Wait for a yellow DOWN arrow from the XMaster Formula indicator.
- Enter a sell trade at the close of the candle where both conditions appear.
- Set a stop-loss above the recent swing high.
- Take profit: 10–20 pips on M5 or 30–50 pips on H1, or exit when the histogram starts rising or a yellow UP arrow appears.
Advantages
- Combines trend detection with precise entry signals for higher probability trades.
- Works on both short-term (M5) and longer intraday (H1) charts.
- Reduces trading against the trend and increases trade confidence.
Drawbacks
- Profit targets are relatively small on M5, requiring multiple trades for meaningful gains.
- Trades may be prematurely exited if the histogram fluctuates near neutral levels.
Case Study 1 – EUR/USD M5 Chart
During the London session, the Vinni Trend WPR histogram rose, and a yellow UP arrow appeared on the XMaster Formula indicator.
A buy trade was entered at 1.1015 with a stop-loss at 1.1005.
The price reached the take-profit target of 15 pips within 12 minutes before the histogram began to flatten.
Case Study 2 – GBP/JPY H1 Chart
On GBP/JPY, the Vinni Trend WPR histogram was falling while a yellow DOWN arrow appeared on the XMaster Formula.
A sell trade was entered at 187.60 with a stop-loss at 187.80.
The trade moved in favor and hit a 45-pip take-profit target over the next two hours.
Strategy Tips
- Trade major currency pairs with tight spreads for better execution.
- Focus on high-liquidity periods for more reliable trend signals.
- Adjust stop-loss levels based on pair volatility.
- Ensure both the histogram trend and the arrow signal align before entering a trade.
- Consider exiting early if the histogram changes slope or a counter arrow appears.
By combining trend identification from Vinni Trend WPR with the precise entry signals from XMaster Formula, traders can take disciplined trades on M5 and H1 charts.
Applying proper risk management and disciplined execution allows consistent capture of short-term intraday moves.
Download Now
Download the “VininI_Trend_WPR.mq4” indicator for Metatrader 4
