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%R Larry Williams

Utility: Identifying Overbought / Oversold Market Levels

Standard Settings: 14 Periods

Williams %R is momentum oscillator as RSI. Williams % R is widely used for its ability to identify overbought and oversold market levels.

 

Important Notes Regarding the use of the Oscillator

□ Williams % R indications from 0 to -20 are alerting overbought market levels in ranging markets. In trading markets these levels may indicate a short correction before the trend continuous.

□ Williams % R indications from -80 to -100 are alerting oversold market levels in ranging markets. In trading markets these levels may indicate a short correction before the trend continuous.

□ Momentum failures occur when the price of an overbought / oversold asset fails to come back into the previous overbought / oversold territory may signify strong price movements in the opposite direction (reversals).

%R Larry Williams

 

Calculating Williams % R

■ Williams % R = HC / HL * - 100

Where,

HC = Highest High (in R Periods) – Last Closing Price
HL = Highest High (in R Periods) – Lowest Low (in R Periods)

 

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%R Larry Williams

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