In this overview we would like to tell about the Williams Percent Range indicator which task is to reveal overbuy and oversell in the foreign exchange market. It is placed in the section Indicators - Oscillators
it looks as following:
In settings of the indicator it is possible to expose convenient ExtWPRPeriod (period), and also it is possible to change color and width of the line for better perception.
By means of this indicator it is possible to receive such signals as:
- overbuy and oversell; it is recommended to open transactions only on a trend.
The Williams Percent Range indicator, will suit those traders who want to receive distinct signals. It is better to use it as filter during the work with other technical indicators that will increase efficiency of its work. I wish you high profit.