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Williams %R

Williams Percent R was created by Larry Williams to identify overbought and oversold conditions based on todays price in relation to past prices. It is another overbought/oversold indicator that is expressed as a percentage, and ranges from 100% to zero, which is the reverse of the Relative Strength Index. Williams %R has an excellent ability to anticipate price extremes and many times forms a top or bottom and reverses days before the securities does. The chart is read upside down with peaks designates as lows on the %R scale. Oversold readings occur in the 80-100 range and overbought readings in the 0-20 range.

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