Williams Percent Range Indicator Strategy (Williams %R)
The Williams Percent Range (Williams %R) is classified as an oscillator that indicates to forex traders if the market is either overbought (the 0 to -20% range) or oversold (the -80 to -100% range). If the Williams %R is below -80% a trader will open buy positions once it rises.
If the Williams %R is above -20% a trader will open sell options once it falls below that value. There are multiple software programs that calculate the Williams %R and display it in graphical format. This indicator is used by Forex traders to predict reversals in market trends one to two periods ahead of time. The Williams %R indicator has a reputation for being accurate enough to give knowledgeable forex traders an advantage in the market.