The Williams %R is similar to an unsmoothed Stochastic %K. The values range from zero to 100, and are charted on an inverted scale, that is, with zero at the top and 100 at the bottom. Values below 20 indicate an overbought condition and a sell signal is generated when it crosses the 20 line. Values over 80 indicate an oversold condition and a buy signal is generated when it crosses the 80 line.
The %R indicator was developed by Larry Williams.
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