Guide to Trading with the Williams %R Indicator on IQ Option

Overview of the Williams %R indicator

Williams %R which is also known as Williams Percentage Range is a momentum indicator that oscillates between 0 and -100. It’s used to show when an underlying instrument is overbought or oversold. An asset is said to be overbought when the indicator crosses over the -20 line while it’s oversold when it crosses under the -80 line.

Williams %R which is also known as Williams Percentage Range is a momentum indicator that oscillates between 0 and -100.

In this guide, I’ll show you how to set up the Williams %R indicator on IQ Option. Next, I’ll show you how to use it to trade.

Setting up the Williams %R indicator on IQ Option

Next, set the period to 14. The upper line should be adjusted to -80 while the lower line should be -20. To save all these settings, just click on apply.

Trading with Williams %R on IQ Option

Your objective should be identified when the indicator crosses the overbought and oversold lines

When the indicator crosses under the -20 line it’s a signal that the bears are taking over and a downtrend is imminent. Open a sell trade. Using the 5-minute candles, you can open a trade that lasts 30 minutes on IQ Option.

When the indicator crosses over the -80, it’s an indicator that the bulls are taking over. At this point enter a buy position.

As you’ve seen, the Williams %R indicator is one of the simplest to use on the IQ Option.

Now that you know how to set it up, open an IQ Options practice account and try it out.

Good luck