What is the Williams Percent R Indicator?
What is the Williams Percent R Indicator? In today's short [What is the Williams Percent R Indicator?] video 🎥, we're diving into the world of technical indicators and discussing one of the most popular ones in the stock market - the Williams Percent R. This momentum oscillator is a valuable tool for identifying overbought and oversold conditions in the market. Displayed as a single line ranging from 0 to -100, with levels of 20 and 80 typically considered as overbought and oversold, respectively, the Williams Percent R takes into account the highest and lowest price of a given period and compares it to the current closing price. When the %R line crosses above the 20 level, it signals overbought conditions and a potential trend reversal. Conversely, when it crosses below the 80 level, it suggests oversold conditions and a possible uptrend. This makes it a useful indicator for confirming the strength of a trend and identifying potential entry and exit points. However, it's...