Bands On iWPR of iRSI: MT4 indicator for trend reversals and volatility signals

Bands On iWPR of iRSI review 2025 performance analysis begins with a look at the indicator’s core premise: smoothing Williams Percent Range with an RSI transform and overlaying a volatility Bandwidth to create a single subwindow feed of momentum and volatility. Developed by Louis Wetzel for MT4, the indicator presents three coordinated outputs that make it straightforward to spot overbought/oversold zones, potential reversals, and volatility breakouts. Early adopters report clearer signal clustering compared with raw WPR, and the 2025 Performance testing shows consistent behavior across majors and selected minors. What makes Bands On iWPR of iRSI unique is the normalization step that turns the typically choppy WPR into a more stable oscillator via an RSI calculation on WPR values, then contextualizes those readings with a bandwidth measure of volatility. The algorithm triggers a signal when the normalized oscillator crosses configurable thresholds and the bandwidth confirms either compression or expansion, which helps filter false moves in ranging markets. The indicator works best in trending environments and during volatility transitions when bandwidth expands, though it provides early warning flags in range-to-trend shifts as well. Risk management is intended to be external to the indicator; recommended practices include fixed percentage position sizing, band-based stop placements, and limiting exposure during low bandwidth periods. Expected performance characteristics include moderate trade frequency on higher timeframes, clearer entries than raw WPR, and reduced whipsaw when used with proper timeframe alignment. Bands On iWPR of iRSI is best treated as a signal generator within a broader risk-managed trading plan on MT4.