Williams’ Percent Range (%R)

Williams’ Percent Range (%R)

Williams’ Percent Range Technical Indicator (%R) is a simple, but efficient oscillator of the speed with which the price is moving.

How to interpret:

  1. Convergence/divergence. Sell if the new price high is above the previous one, while on the %R chart new high is lower than the previous one. Buy if the new price low is below the previous one, while the %R chart new low is higher than the previous one.
  2. Overbought/oversold conditions. If %R is between 0 and -20, the market is overbought and one should start thinking of selling. If %R is between -100 and -80, the market is oversold and one should start thinking of buying. Exit from the oversold/overbought limits can be a sign of return.

Note that it’s better to wait for the prices to confirm the trade and only then open positions.

EURUSDDaily WPR.png

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