Williams %R
Williams %R is a momentum based oscillator used to determine overbought and oversold market conditions. This indicator is unique in that it oscillates between 0 and -100. A value closer to 0 is considered overbought and a value closer to -100 is considered oversold. Users can change how this indicator produces trade signals by lowering/raising the length and changing the buy and sell level values.
Interface
Supported license & Trade types
Supported License | Supported Trade Types |
Spot trading | |
Margin trading | |
Advanced license | Leverage trading |
General Settings
Exchange Website to monitor
Currency Pair to monitor for trade signals
Update Speed
Trade Signals
Tip: The exchange doesn't have to be the same exchange you are currently trading on.
Indicator Settings
Length
Represents the number of candles used for the shorter length calculation.
Buy Threshold
When the calculation result is equal or below this value, the indicator will generate a buy signal.
Sell Threshold
When the calculation result is equal or above this value, the indicator will generate a sell signal.
Usage
It is recommended to use this indicator during sideways markets to catch the dips and rises and maximize your profit. Alternatively, this can be used at larger timescales for some interesting results.
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