Williams %R
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Definition of 'Williams %R'
The Williams %R, also known as the Williams oscillator, is a momentum indicator that oscillates between 0 and -100. It is designed to identify overbought and oversold conditions in the market.
The Williams %R is calculated by subtracting the 14-day moving average of the closing price from the highest price over the past 14 days, and then dividing the result by the highest price over the past 14 days.
A reading of 0 indicates that the market is overbought, while a reading of -100 indicates that the market is oversold.
The Williams %R is often used in conjunction with other technical indicators to identify potential trading opportunities. For example, a trader may look for a buy signal when the Williams %R crosses above -20 and a sell signal when the Williams %R crosses below -80.
However, it is important to note that the Williams %R is a lagging indicator, which means that it does not provide real-time information about the market. As a result, it is important to use the Williams %R in conjunction with other indicators to confirm trading signals.
The Williams %R can be a useful tool for identifying overbought and oversold conditions in the market. However, it is important to use the indicator in conjunction with other technical indicators to confirm trading signals.
The Williams %R is calculated by subtracting the 14-day moving average of the closing price from the highest price over the past 14 days, and then dividing the result by the highest price over the past 14 days.
A reading of 0 indicates that the market is overbought, while a reading of -100 indicates that the market is oversold.
The Williams %R is often used in conjunction with other technical indicators to identify potential trading opportunities. For example, a trader may look for a buy signal when the Williams %R crosses above -20 and a sell signal when the Williams %R crosses below -80.
However, it is important to note that the Williams %R is a lagging indicator, which means that it does not provide real-time information about the market. As a result, it is important to use the Williams %R in conjunction with other indicators to confirm trading signals.
The Williams %R can be a useful tool for identifying overbought and oversold conditions in the market. However, it is important to use the indicator in conjunction with other technical indicators to confirm trading signals.
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Copyright © 2004-2023, MyPivots. All rights reserved.