Using Williams’ %R to Spot Trading Opportunities

Using Williams’ %R to Spot Trading Opportunities

IQ Option’s latest guide provides you with another way you can spot trading opportunities when using their platform.

Also called the Williams Percent Range or Williams Overbought/Oversold Index, it can be used to help you determine exactly when to enter or exit a market. Those of who have previously used the Stochastic Indicator will see some familiarities between this indicator and that one. The core difference is that the Williams uses 0 to -100 scale, while the Stochastic Indicator will vary from this scale.

There are a few ways to use this indicator but IQ Option point out two main ones:

  • Overbought/oversold
  • Momentum confirmations

Both of these are explained in details on the IQ Option blog. Here you can also learn more about utilising the indicator on their platform, as well as learn of some limitations that the Williams’ %R may also have.

This will help you to make up your mind about whether or not you should be using it for your own trading behaviours. Go to IQ Option now to learn more about it or implement it yourself.

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