Technical Analysis Guides, Patterns & Indicators

Key takeaways Williams %R is a momentum oscillator that shows whether price is closing near the top or the bottom of its recent range, on a scale of 0 to -100. Readings above -20 flag overbought conditions and readings below -80 flag oversold ones, but in a strong trend the line can sit at an extreme without reversing. It is almost identical to the Fast Stochastic oscillator, so traders confirm it with a different tool such as RSI or a moving average rather than doubling up. In this article Why traders watch where price closes What Williams %R measures Where it started How does Williams %R work?