Williams’ Percent Range (%R)

Discussion in 'Williams’ Percent Range, %R' started by Profiforex, Nov 19, 2010.

  1. Profiforex

    Profiforex Administrator Staff Member

    The indicator values are between 0 and 100. This indicator is related to oscillator class.

    As any other oscillator, this oscillator has the core idea that there is the power that forces price to return to the initial position. Furthermore, this oscillator is very similar to Stochastic oscillator by its features. Stochastic oscillator is more easy-to-use, thanks to its second smoothing line.


    Because there is no smoothing, this indicator can be used only on the principles of overbought-oversold, that always leads to sad ending.
    The chart shows that it has gone to oversold and overbought twice for the last two trends at the moment, when trend was just beginning.

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