Unit 2 · Understanding Indicators

Williams %R

Lesson 11 of 124 min5 exercises

Learn · 1/2

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.