williams-r-mt4

Williams R indicator MT4

Williams %R indicator MT4 (Williams Percent Range) is a type of momentum indicator that moves between 0 and -100 and measures overbought and oversold levels. The Williams %R may be used to find entry and exit points in the market.

tag: momentum indicator , oscillator

Category: MT4 Indicators

Platform: Metatrader 4

Download link: At the end of the post.

Introduction- Williams R indicator MT4

  • Williams %R moves between 0 and -100.
  • above -20 is overbought
  •  below -80 is oversold.

The indicator is telling a trader where the current price is relative to the highest high over the last 14 periods (or whatever number of lookback periods is chosen).

As an oscillator, Williams %R tells you when a currency pair might be “overbought” or “oversold.”

 If you invert the %R line, it will have the EXACT SAME LINE as Stochastic’s %K line!

This is why Williams %R uses the 0 to -100 scale while Stochastic is scaled from 0 to 100.

Screenshot

williams-r-mt4
williams-r-mt4

Default setting

williams-r-indicator
williams-r-indicator

Download free Williams R indicator MT4

Download here

 


How To Install Custom MT4 Indicators On Mt4 (6 Simple Steps)

Step 1: Download The Indicator To Your Computer. Unzip (if any) to get .mq4 and/or .ex4 file

Step 2: Go To Your Mt4 Trading Platform And Click “Open Data Folder”

Step 3: Click open the “MQL4” folder

Step 4: Click Open the “Indicators” Folder

Step 5: Paste The Custom MT4 Indicator Into The “Indicators” Folder

Step 6: Close Your MT4 Trading Platform And Then Restart It

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