Contents
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 indicators feature and select momentum indicators. Next select the Williams percent range.
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.
Good luck
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chicken karahi recipe says
thanks for sharing the detailed article on registring on IQ. I have been looking for the method. You solved my problem.
SARAH says
I have tried to set my William % range to making the upper line -80 and the lower line -20 but it doesn’t stick it doesn’t save,it just goes back to the way it was.