Arjun  Mandal

Writer:

Arjun Mandal
Rajesh  Sharma

Reviewer:

Rajesh Sharma
Modified:
2,991

Williams %R Indicator for MT5 Download - Free - [TradingFinder]

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MetaTrader4

MetaTrader5

$4FreeFor a limited time
Williams %R Indicator for MT5 Download - Free - [TradingFinder]
Williams %R Indicator for MT5 Download - Free - [TradingFinder] 0
Williams %R Indicator for MT5 Download - Free - [TradingFinder] 1
Williams %R Indicator for MT5 Download - Free - [TradingFinder] 2
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Modified:

The Williams %R Oscillator, available on MetaTrader 5, was developed by Larry Williams to measure Overbought and Oversold conditions in the market. This volatility indicator uses two dashed lines and operates on a scale from 0 to -100, identifying the price's position relative to these zones.

Indicator Specifications

Indicator Categories:
Oscillators MT5 Indicators
Volatility MT5 Indicators
Currency Strength MT5 Indicators
Platforms:
MetaTrader 5 Indicators
Trading Skills:
Intermediate
Indicator Types:
Reversal MT5 Indicators
Timeframe:
Multi-Timeframe MT5 Indicators
Trading Style:
Intraday MT5 Indicators
Trading Instruments:
Forex MT5 Indicators
Crypto MT5 Indicators
Stock MT5 Indicators
Commodity MT5 Indicators
Indices MT5 Indicators
Share Stock MT5 Indicators

Performance in a Bullish Trend

Analyzing the AUD/NZD currency pair's 1-hour price chart demonstrates the indicator's performance in a bullish trend.

The -80 to -100 range highlights Oversold zones. During such conditions, a trend reversal in the opposite direction is expected.

Indicator Performance in a Bullish Trend
Performance of the Indicator Based on Polkadot Price Chart Analysis

Performance in a Bearish Trend

The 4-hour Bitcoin price chart (BTC) demonstrates the indicator's performance in bearish trend conditions.

The 0 to -20 range highlights Overbought zones. In these conditions, a trend reversal in the opposite direction is expected.

Indicator Performance in a Bearish Trend
Analysis of a Bearish Trend on the EUR/USD Price Chart

Indicator Settings

Indicator Settings
Reviewing the Williams %R Indicator Settings
  • Chart Theme: Indicator theme;
  • Period: The number of periods used to calculate the oscillator line is set to 14.

Conclusion

The Williams %R Indicator is a practical tool for identifying Overbought and Oversold zones.

The regions drawn by this trading tool represent potential trend reversal areas. Traders can use the oscillations of the main oscillator line within the dashed lines as signals for entering trades.

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FAQs

Does this indicator work for long-term timeframes?

Yes, this multi-timeframe indicator can be applied across all time intervals.

How can reversal zones be identified using this indicator?

Traders can identify potential trend reversal areas by observing the oscillations of the main indicator line within the Overbought and Oversold zones.

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