Understanding Indicators

Williams %R

Fast Overbought/Oversold

Williams %R is similar to Stochastic but inverted. It shows overbought and oversold conditions on a scale from 0 to -100.

Reading Williams %R

Above -20: Overbought
Below -80: Oversold

Williams %R is more sensitive than RSI, giving earlier signals but also more false signals.

Key Takeaways

  • Scale from 0 to -100
  • Above -20 = overbought, below -80 = oversold
  • More sensitive than RSI
  • Good for short-term timing