Williams r forex

Williams r forex

The williams percent range, also called williams r, is a momentum indicator that shows you where the last closing price is relative to the highest and lowest prices of a given time period. As an oscillator, williams r tells you when a currency pair might be overbought or oversold.

Williams r is calculated in the following manner williams percent r (highest high minus close) (highest high minus lowest low).

  what is williams r? Williams r, also known as the williams percent range, is a type of momentum indicator that moves between 0 and -100 and measures overbought and.

The williams r 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.

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  use williams r 14 setting, add an additional horizontal line at -50 level. Trade in the direction of trend so if trend up any dips below -50 no matter how small buy the following cross above -50. In downtrend obviously the reverse any rises above -50 line sell the subsequent fall below.

The williamsr, aka the williams percent range indicator is used primarily for reversals, which is not a great idea.

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Williams r forex

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