# Indices William Percent R Indices Expert Advisor Setup

Indices William Percent R Indices Expert Advisor Setup - Setting Up William Percent R Indices Expert Advisor - A Indices trader can come up with an William Percent R Indices Expert Advisor based on the William Percent R stock indices indicator explained below.

Indices William Percent R Expert Advisor rules can be combined with other indices indicators to come up with other EA Indices Trading Robots that trade using rules based on two or more indicators combined to form a stock indexes trading system.

# Williams Percent Range Indices Technical Analysis and Williams Percent Range Indices Trading Signals

Williams %R Indices Indicator Developed by Larry Williams

Williams %R indicator is pronounced as Williams percent R indicator. Williams %R Stock Indexes Indicator is a momentum oscillator used to analyze overbought and oversold levels in the stock indexes trading markets.

The Williams % Range oscillator is similar to the Stochastic Oscillator indicator, apart from that fact that the %R is drawn upside down on a negative scale that is from 0 to -100 and the indicator does not apply a smoothing factor.

**Williams %R, Percent R Technical Stock Indexes Indicator - Indices Indicators**

The Williams %R indicator analyzes the association of the closing indices prices relative to the High and Low range over a selected number of n candlesticks.

- The closer the closing stock indexes price of a candlestick is to the highest high of the range selected the closer to zero the %R reading will be.
- The closer the closing stock indexes price of a candlestick is to the lowest low of the range selected the closer to -100 the %R reading will be.

When doing technical analysis a indices trader should ignore the minus sign placed before the value, for example -40, the - sign should be ignored, just remember the indictor values are placed in an upside down manner.

- At zero: If the closing stock indexes price of the candlestick is equal to the highest high of the range the William %R reading will be 0.
- At -100: if the closing stock indexes price of the candlestick is equal to the lowest low of the range the William %R reading will be -100.

## Williams Percent Range Indices Indicator

### Overbought/Oversold Levels

- Overbought- Williams %R values from 0 to -20 are considered overbought while
- Oversold- Williams %R values from -80 to -100 are considered oversold.

As for trading overbought/oversold levels it is best to wait for indices to change direction before taking a signal in the opposite direction. For Example if indices is oversold it is best to wait for the indices trend to reverse and start to head in an upward direction before buying indices.

### Indices Trend Reversal Signals

The William %R indicator used to predict a indices trend reversal stock indices signal when trading indices. The Williams %R indicator always predict a reversal using the following method

**Bearish Reversal Indices Trading Signal**- Williams Percent Rangeange indicator forms a peak and turns down a few days before the stock indexes price indices trend peaks and turns down. The example explained and illustrated below shows %R giving a reversal stock indices signal before stock indexes price starts to head down and change to a down indices trend.

**Bearish Reversal Indices Trading Signal after Indices Uptrend**

**Bullish Reversal Indices Trading Signal**- Williams Percent Rangeange indicator forms a trough and turns up a few days before the stock indexes price indices trend bottoms and turns up.

**Bullish Reversal Indices Trading Signal after Indices Downtrend**