Overview of the Williams %R indicator
Also known as Williams Percent Range, the Williams %R is a momentum indicator that oscillates between 0 and -100. It’s used to show when an underlying instrument is overbought or oversold. An asset is said to be overbought when the indicator crosses over the -20 line while it’s oversold when it crosses under the -80 line.
In this guide, I’ll show you how to set up the Williams %R indicator on IQ Option. Next, I’ll show you how to use it to trade.
Setting up the Williams %R indicator on IQ Option
Click on the settings feature.
Next, set the period to 14. The upper line should be adjusted to -80 while the lower line should be -20. Click on apply to save these settings.
Trading with Williams %R on IQ Option
Your objective should be identifying when the indicator crosses the overbought and oversold lines
When the indicator crosses under the -20 line it’s a signal that the bears are taking over and a downtrend is imminent. Open a sell trade. Using the 5 minute candles, you can open a trade that lasts 30 minutes on IQ Option.
When the indicator crosses over the -80, it’s an indicator that the bulls are taking over. At this point enter a buy position.
As you’ve seen, the Williams %R indicator is one of the simplest to use on IQ Option.
Now that you know how to set it up, open an IQ Option practice account and try it out.
How useful was this post?
Click on a star to rate it!
Average rating 4.7 / 5. Vote count: 38
We are sorry that this post was not useful for you!
Let us improve this post!
Thanks for your feedback!
Download this article as PDF. (English)Enter your Email Address