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William Percent R XAUUSD Technical Analysis & William Percent R XAUUSD Signals

Williams %R Technical XAU/USD Indicator Developed by Larry Williams

The indicator known as Williams % R is pronounced as "Williams percent R indicator." This technical momentum oscillator is utilized to gauge market conditions, specifically identifying overbought and oversold territories.

Williams Percent R works like the Stochastic. It plots upside down on a scale from 0 to -100. No smoothing is added.

William Percent R XAUUSD Indicator - How to Trade William Percentage R (%R) Indicator on xauusd Trading Charts

William %R, Percent R Indicator - XAUUSD Indicators

The William % R technical indicator analyzes the association of the closing prices compared to the High & Low range over a selected and chosen number of n candles.

  • The closer the closing price of a candlestick is to the highest high of the range chosen and selected the closer to zero the Percentage R reading and value will be.
  • The closer the closing price of a candlestick is to the lowest low of the range chosen the closer to -100 the % R value will be.

When doing trade research, a xauusd/gold trader should not pay attention to the minus (-) sign before the number, such as -40, just remember values are shown in a different kind of way.

  • At zero: If the closing price of the candle is equivalent to the highest high of the range the Williams % R reading and value will be 0.
  • At -100: if the closing price of the candlestick is equivalent to the lowest low of the range the William %R reading and value will be -100.

William Percent R Technical Indicator

Over-sold/Overbought Levels in Indicator

  • Overbought- Williams %R values from 0 to -20 are regarded and considered overbought while
  • Oversold - William %R values from -80 to -100 are regarded and considered oversold.

As for overbought/oversold levels it is best to wait for a xauusd to change direction before taking a signal in the opposite direction. For Example if a xauusd is oversold it is best to wait for the trend to reverse & start to head in an upward direction before buying the xauusd.

XAU USD Trend Reversal XAUUSD Signals

The William %R indicator is employed to anticipate a shift in the current XAUUSD trend direction. The Williams % R trading indicator consistently forecasts reversals using the following methodology.

Bearish Reversal Signal for XAUUSD: The Williams Percent Range technical measure frequently forms a crest and declines a few days prior to the market trend reaching a peak and subsequently turning downwards. The subsequent graphic exemplifies the %R providing a reversal indication before price action initiates its descent and transitions into a downtrend.

William Percent R XAUUSD Indicator - How Do I Set Williams Percent Range (%R) Indicator on Chart on Platform?

Bearish Reversal XAUUSD Signal after Gold Uptrend

Bullish reversal in XAUUSD: Williams %R forms a bottom. It rises days before the trend turns up.

How Do I Place XAUUSD Williams Percent R Indicator on Chart in Platform?

Bullish Reversal Gold Signal after XAUUSD Trading Downtrend

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