Williams %R
Definition: Williams %R is a momentum oscillator that measures overbought or oversold conditions of a security.Use: Williams %R helps traders identify potential reversals in price trends. When %R is above -20, it suggests an overbought condition, and when %R is below -80, it indicates an oversold condition. Traders may look for bullish or bearish divergences between %R and price to spot potential trading opportunities.
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