Williams percent range trading strategy

williams percent range trading strategy

-80 are worthy of attention. Williams Percent Range Indicator. Brought to you by: This is the second article in our Williams Percent Range series. Skill in interpreting and understanding Williams Percent Range signals must be developed over time, and complementing the R tool with another indicator is always recommended for further confirmation of potential trend changes. The Williams Percent Range oscillator with a setting of 14 is presented on the bottom portion of the above 15 Minute chart for the EUR/USD currency pair.

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The indicator chart typically has lines drawn at both the -20 and -80 values as warning signals. The Williams Percent Range Rollercoaster tends to be more sensitive than other oscillators and is favored by many forex traders. Typical oversold and overbought conditions are noted on the chart, and line crossings, provided by the additional SMA, help to confirm these trading signals. In that article, we covered the background of the Williams Percent Range indicator, how it is calculated, and how it looks on a chart. Traders use the indicator to determine overbought and oversold conditions and reversals in market trends. The Williams Percent Range indicator is classified as an oscillator since the values fluctuate between zero and -100. In the example above, the Blue line is the Williams Percent Range R value, while the Red line represents the smoothed moving average, added for trade signal confirmation. The Williams Percent Range oscillator attempts to convey pricing momentum direction changes. If you havent already we suggest that you check out the first article about the. In the next article on the Williams Percent Range indicator, we will put all of this information together to illustrate a simple trading system using this Williams Percent Range oscillator. False signals can occur, but the positive signals are consistent enough to give a forex trader an edge.