Williams % r was developed by one of the greatest Larry Williams.
However, this indicator got real fame when he used this indicator during the world trading championship.
Williams % R is a momentum indicator that is the inverse of a fast Stochastic Oscillator.
Readings from -80 to -100 are considered oversold.
Similarly, 0 -to -20 are considered overbought.
Keep reading ahead Williams % r indicator | Strategy | Setting | Formula | Calculation | Wiki | About & more
Williams % r indicator Formula
Williams % R = ( Highest high – Current low) / Highest high – lowest low) * (100)
Highest high: Highest price in the lookback period of 14 days
Close: Most recent closing price.
Lowest Low: Lowest price in the lookback period, typically 14 days.
How does Williams % r works?
Here, to illustrate Williams % r. I am going to use IQ Option.
If you don’t have an IQ Option account. click here.
You can sign up via the form given below.
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Once you click the link above you land on the IQ Option homepage.
Enter your email, password, & hit try now.
Once you have signed up you will land on the IQ Option dashboard.
Now, click on the chart button and select Candlestick from the menu.
Now, click on the indicator button.
Click the Momentum button and select William percentage range from the given menu.
That’s it !!! The basic setup is over.
Now, let’s check some examples.
Given above is 30 mins chart, we can clearly see that the Williams % r line is near the oversold level.
So, here we should take a BUY trade.
How to trade with Williams % r?
Trading with Williams % r is very easy.
However, if you want to reap the real results you should combine Williams % r with Support & Resistance.
Let’s check some examples here:
As we can clearly see that, the Williams r% line is near the oversold level plus the candle is near the support level.
So, here we should take a buy trade.
Similarly, here we can see that the candle is near the support plus the William % r line is near the oversold level.
So, here we should place a Buy trade.
So, trading with William % r is so easy.
Williams % r is one of the most powerful indicators that help you to find overbought and oversold levels.
You just need to remember the golden rule of Williams % r.
If Williams % r line is near the overbought level then go for a Sell trade.
Similarly, If Williams % r line is near the overbought level then go for Buy trade.
So, this is the end of this article. I hope you have found this article helpful.
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