In the original work, the Williams method focused on 10 trading days to determine the market trading range. After a 10-day trading range is determined, he calculates where today's closing prices fall within that range.
The study of% R is similar to the Stochastic indicator, except that Stochastic has internal tidy up and that% R is plotted on a reverse scale, with 0 at the top and 100 at under.
% R oscillates between 0 and 100%. A value of 0% indicates that the closing price is the same as the period. Conversely, a value of 100% indicates that the closing price is identical to the low period. Williams Indicator is designed to show the difference between the high period and today's closing price with the trading range of the specified period. Therefore the indicator shows the relative situation of the closing price in the observation period.
The trading rules are simple. You sell when% R reaches 20% or lower (the market is overbought) and buy when it reaches 80% or higher (market oversold). However, like all overbought/oversold indicators, it is wise to wait for indicator prices to change direction before starting any trade.
Larry Williams defines the following trading rules for% R: Buy when this percentage reaches 100%, and five trading days have passed since the last 100% was reached, and after that, it falls below 85/95%. Sell when% R reaches 0%, and five trading days have passed since the last 0% is reached, and after that Williams% R returns up to around 15/5%.
TopAsiaFx.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:
- Is the Forex Broker regulated?
- Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too.
- Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better).
- Availability of Customer Service.
- Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience.
Rank Broker Name Special Offer Minimum Deposit Spread User Score Maximum Leverage Regulation Start Trading 1 NordFX 55% Deposit Bonus $10 0.0 Pips 96 1:1000 VFSC Open Account 2 SGT Markets Refer a friend $10 $500 0.0 95 1:400 IFSC Open Account 3 OctaFX 50% Deposit Bonus $100 0.4 94 1:500 IBC Open Account 4 Exness No $1 0.1 93 1:2000 FCA,CySEC,IBC Open Account 5 IC Markets No $200 0.0 92 1:500 ASIC Open Account 6 Tickmill $30 Welcome Account $100 0.0 91 1:500 FSA,FCA Open Account 7 Axiory $50 Deposit Bonus $200 0.0 90 1:400 IFSC Open Account 8 Justforex 100% Deposit Bonus $1 0.0 89 1:3000 IFSC Open Account 9 ThinkMarkets No $250 0.4 88 1:400 ASIC,FCA Open Account 10 XM $30 Welcome Account $5 0.0 87 1:888 ASIC,FCA,IFSC Open Account 11 FBS $50 Welcome Account $1 0.0 86 1:3000 IFSC Open Account 12 HotForex No $5 0.0 85 1:1000 INC Open Account
TopAsiaFx.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:
| Rank | Broker Name | Special Offer | Minimum Deposit | Spread | User Score | Maximum Leverage | Regulation | Start Trading |
| 1 | NordFX | 55% Deposit Bonus | $10 | 0.0 Pips | 96 | 1:1000 | VFSC | Open Account |
| 2 | SGT Markets | Refer a friend $10 | $500 | 0.0 | 95 | 1:400 | IFSC | Open Account |
| 3 | OctaFX | 50% Deposit Bonus | $100 | 0.4 | 94 | 1:500 | IBC | Open Account |
| 4 | Exness | No | $1 | 0.1 | 93 | 1:2000 | FCA,CySEC,IBC | Open Account |
| 5 | IC Markets | No | $200 | 0.0 | 92 | 1:500 | ASIC | Open Account |
| 6 | Tickmill | $30 Welcome Account | $100 | 0.0 | 91 | 1:500 | FSA,FCA | Open Account |
| 7 | Axiory | $50 Deposit Bonus | $200 | 0.0 | 90 | 1:400 | IFSC | Open Account |
| 8 | Justforex | 100% Deposit Bonus | $1 | 0.0 | 89 | 1:3000 | IFSC | Open Account |
| 9 | ThinkMarkets | No | $250 | 0.4 | 88 | 1:400 | ASIC,FCA | Open Account |
| 10 | XM | $30 Welcome Account | $5 | 0.0 | 87 | 1:888 | ASIC,FCA,IFSC | Open Account |
| 11 | FBS | $50 Welcome Account | $1 | 0.0 | 86 | 1:3000 | IFSC | Open Account |
| 12 | HotForex | No | $5 | 0.0 | 85 | 1:1000 | INC | Open Account |
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