Williams %R

The Williams %R technical indicator is a momentum oscillator that measures overbought and oversold levels. It compares the closing price of an asset to the high-low range over a set period of time, usually 14 periods. The indicator is plotted on a scale of 0 to -100, with readings above -20 considered overbought and readings below -80 considered oversold.

In trading bots like HaasOnline, the Williams %R technical indicator can be used to generate buy and sell signals based on overbought and oversold levels. For example, a buy signal may be generated when the Williams %R crosses above -80 from oversold territory, while a sell signal may be generated when the Williams %R crosses below -20 from overbought territory. Traders can also use the Williams %R to confirm other indicators or signals, such as price breakouts or trend changes.