Williams r trading strategy pdf

williams r trading strategy pdf

covers the pros and cons as well as some examples specific to the R and the Stochastic Oscillator. The oscillator ranges from 0 to -100. Draw trend lines and make sure TO ustoploss! R (Highest High - Close Highest High - Lowest Low) * -100. A 14-period R would use the most recent close, the highest high over the last 14 periods and the lowest low over the last 14 periods.

The red dotted lines mark a move below -50 that occurs after an overbought reading. A 3-day SMA can be added as a signal line. The offense has a higher chance of scoring when it crosses the 50 yard line. The ability to consistently move above -20 is a show of strength. I was in how to pass cma exam at 50 (bought too early at opening but averaged down. We will be there in the trade unless the Williams R gives a closing below 50 line or the price closes below the 100 DMA. This trade could give us very good profit. This strategy works very well in case of volatile stocks. Pring's book shows the basics of momentum indicators by covering divergences, crossovers, and other signals. Readings from 0 to -20 are considered overbought.

In a similar vein, oversold readings are not necessarily bullish. Low readings (below -80) indicate that price is near its low for the given time period. Closing levels that are consistently near the top of the range indicate sustained buying pressure. The stock was strong with numerous overbought readings from February to April.

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