This video is devoted to the Williams Percent Range. To apply it to the chart, press the indicators button on the toolbar of your MetaTrader platform and choose oscillators, Williams Percent Range. Subsequently, the window in which we change the indicators properties appears. Here we can choose the averaging period, fixed maximum and minimum, and adjust visualization settings. This indicator is called Williams Percent Range. Its values are between 0 and 100. This indicator is related to the oscillator class. Calculation of this indicator is very similar to the calculation of the stochastic oscillator.
This oscillator is very similar to the stochastic oscillator in terms of its features. However, there is no second smoothing line, because there is no smoothing. This indicator can be used only on the principle of overbought versus oversold. On the chart, the moment where the indicator went to overbought and oversold areas in the beginning of the trend can be marked. Nevertheless, good entry points can be found.