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

***After logging into your IQ Option account, set up your chart. Here, I’m using the EUR/USD Japanese candles chart. Click on the indicators feature and select momentum indicators. Next,*** select the Williams per cent range.

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.

***The William’s %R indicator should appear at the bottom of your chart. The range between the -20 and -80 is purple while the indicator is a blue line.***

Trading with Williams %R on IQ Option

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

***Williams% R indicator crosses under the -20***

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.