Mt5 percentage price oscillator6/7/2023 ![]() ![]() The indicator almost always forms a peak and turns down a few days before the securitys price peaks and turns down. For example, if an overbought/oversold indicator is showing an overbought condition, it is wise to wait for the securitys price to turn down before selling the security.Īn interesting phenomenon of the Williams Percent Range indicator is its uncanny ability to anticipate a reversal in the underlying securitys price. Indicator values ranging between 0 and 20% indicate that the market is overbought.Īs with all overbought/oversold indicators, it is best to wait for the securitys price to change direction before placing your trades. Indicator values ranging between 80 and 100% indicate that the market is oversold. ![]() One should ignore the minus symbol when conducting the analysis. ![]() To show the indicator in this upside down fashion, one places a minus symbol before the Williams Percent Range values (for example -30%). The only difference is that %R has an upside down scale and the Stochastic Oscillator has internal smoothing. Williams %R is very similar to the Stochastic Oscillator. Williams Percent Range Technical Indicator (%R) is a dynamic technical indicator, which determines whether the market is overbought/oversold.
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