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M2- WILLR (6/Mo)
The Williams WILLR – also known as the Williams Percentage Range – is a momentum indicator that some traders use to find entry and exit points for their positions. It uses 0 to -100 as its values, with 0 being used to represent an overbought market, and -100 being used to represent an oversold market. Traders will usually take a move above -20 towards 0 as a signal that an underlying market is overbought, and a move below -80 towards -100 as a signal that the market is oversold. In the price graph below, you can see the Williams %R…
1000 in stock
Description
The Williams WILLR – also known as the Williams Percentage Range – is a momentum indicator that some traders use to find entry and exit points for their positions. It uses 0 to -100 as its values, with 0 being used to represent an overbought market, and -100 being used to represent an oversold market.
Traders will usually take a move above -20 towards 0 as a signal that an underlying market is overbought, and a move below -80 towards -100 as a signal that the market is oversold. In the price graph below, you can see the Williams %R underneath the price chart, with the overbought and oversold signals highlighted.
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